The More World Mastercard is a rewards lover’s new best friend. You’ll bag 2.5 rewards points per $1 spent on this plastic, with no limit on how many points you can earn. Big spenders can really cash in on rewards value, by bagging 115,000 bonus points every year - as long as you rack up an annual spend of $84,000 on eligible purchases.
There are also a heap of premium perks to enjoy, including a 24/7 concierge service, extended warranty, purchase protection and a guaranteed pricing scheme. Travellers aren’t forgotten either - the card comes with no foreign transaction fees on online or overseas purchases, up to 12 months of complimentary travel insurance, interstate flight inconvenience insurance and unlimited airport lounge visits each year via LoungeKey.
All these goodies do come at a price - in this case, it’s a $270 annual fee and a 19.99% interest rate. But as long as you take full advantage of the features on offer, the rewards value should more than make up for the annual fee, and interest can be avoided by paying your balance in full and on time each month.
Other fees to consider include a $25 late fee and a cash advance fee of $4 or 2% of the cash advance, whichever is larger.
If you’re looking at a balance transfer, the More World Mastercard offers a 6 month period at 0% interest p.a. (+1% BT fee), but after that any balance still owing will be charged interest at the regular rate.
Who it's good for:
While you may pay a $270 annual fee, the generous points earning power and freebies mean the Bankwest More World Mastercard is perfect for rewards point lovers.
Although the rewards points on offer are not too shabby at all, one thing to keep in mind is that points expire 36 months after you earn them.