If you're a frequent flyer looking for a credit card with platinum perks, then the Bankwest Qantas Platinum MasterCard could be your card. The card comes with complimentary overseas travel insurance (limitations and exclusions apply), and platinum extras like 24/7 concierge and no foreign transaction fees on overseas purchases, whether made online or in person.
If you have debt on another card, the Bankwest Qantas Platinum Mastercard has a 2.99% balance transfer offer for the first 9 months, but beware that it reverts back to the 20.49% purchase rate at the end of the offer.
What's more, new customers can earn up to 40,000 Qantas Points when you spend $3,000 on eligible purchases in the first 90 days and an additional 10,000 Qantas Points if you keep the card open for over 15 months. This is for a limited time only, and other fees, terms and conditions apply.
The Platinum card has an annual fee of $160. You will be able to use your Platinum card wherever MasterCard is accepted worldwide.
You will earn 0.75 Qantas Points per $1 spent for the first $2,500 you spend each month and 0.3 Qantas Points per $1 spent after that. You can also earn points quicker by having up to three additional cards. If you're not already a member of the Qantas Frequent Flyer Program you will receive complimentary membership valued at $99.50.
If you travel overseas regularly you will benefit from the overseas travel insurance that comes free with the credit card. As a platinum card holder you also won't pay any foreign currency exchange fees on purchases which compared with other cards that charge around 3% on all purchases, will save you money whether you are shopping online or while you're away.
This credit card is best suited to people who want to put all their rewards points towards redeeming flights and travel offers through Qantas.
Just the usual warnings for any credit card holder. Set up automatic monthly repayments to ensure that you don't miss a payment and get lumped with a $25 late payment fee.
Like most credit cards, if you withdraw cash using your card, you will start paying the high 21.99% cash advance rate immediately.
Fly Sydney to London return
110,400 points
Fly Sydney to Melbourne one-way
8,000 points
$100 Giftcard
19,010 points
$100 Cash
-
0.75 points per dollar on Mastercard, up to $2,500 per month, then
0.3 points per dollar on Mastercard, uncapped
Points are automatically credited to the Qantas Frequent Flyer program.
All rewards are redeemed via Qantas Frequent Flyer.
See Bankwest site for full Terms and Conditions.
Receive 50,000 Bonus Qantas Points when you spend $3,000 on eligible purchases in the first 90 days and an additional 10,000 Bonus Qantas Points after keeping the card account open for 15 months.
Spend $25,347 (Mastercard)
Spend $10,667 (Mastercard)
Spend $323,000 (Mastercard)
Uncapped
Never
To work out the "Rewards value minus fees" in our Rewards Revealer we:
calculate how many points you'd get each year,
figure out how many flights or gift cards or cashback credits you could get for those points,
work out what that's actually worth to you,
take off the annual fee you'd pay.
More details:
Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
Shopping rewards are based on $100 gift cards from a major national department store.
We make every effort to ensure our calculations are correct and up to date but make no guarantees.
| 20.49% p.a. | |
| none | |
| 2.99% p.a. for 9 months and then 20.49% p.a. | |
| no | |
| 21.99% p.a. | |
| 44 |
| $160.00 | |
| none | |
| none | |
| none | |
| $25.00 | |
| 2%, Min $4.00 | |
| 0% | |
| $2.50 | |
| $10.00 | |
| $0.00 |
| $20.00 | |
| 2.0 | |
| 3 | |
| none |
Apple Pay, Google Pay, Payment Ring
Travel Insurance,
Extended Warranty,
Purchase Protection
After reading all these negative reviews I don’t understand where they are coming from, my experience has been amazing. My experience has always been a genuinely positive one with Bankwest. I’ve been with Bankwest for 6 years now and even During the COVID19 pandemic they gave me a call just to check in (I only had my $1,000 credit card with nothing owing on it) which I thought was great customer service. The products they offer are reasonably priced (percentage) and from my experience they are always open to have a chat about interest rates if your looking for a better deal. The ability to sign documents using the secure bank mail feature on their internet banking is amazing for someone like myself who resides in Melbourne. As i mentioned before some of these negative reviews I don’t believe, please do your research before taking what is said as gospel, this really is an amazing friendly bank that provides a five star service.
Read full reviewAfter reading all these negative reviews I don’t understand where they are coming from, my experience has been amazing. My experience has always been a genuinely positive one with Bankwest. I’ve been with Bankwest for 6 years now and even During the COVID19 pandemic they gave me a call just to check in (I only had my $1,000 credit card with nothing owing on it) which I thought was great customer service. The products they offer are reasonably priced (percentage) and from my experience they are always open to have a chat about interest rates if your looking for a better deal. The ability to sign documents using the secure bank mail feature on their internet banking is amazing for someone like myself who resides in Melbourne. As i mentioned before some of these negative reviews I don’t believe, please do your research before taking what is said as gospel, this really is an amazing friendly bank that provides a five star service.
Only few branches, makes it harder to communicate with customer service. Dishonour fees are high, in my opinion doubles up if moneys are to be transferred from one account to the other. They will send an SMS to warn but only 2 hours before the transaction is due. If not able to transfer funds in time, fees will fly in from both accounts.
Read full reviewOnly few branches, makes it harder to communicate with customer service. Dishonour fees are high, in my opinion doubles up if moneys are to be transferred from one account to the other. They will send an SMS to warn but only 2 hours before the transaction is due. If not able to transfer funds in time, fees will fly in from both accounts.
Have always helped us out when needed, with what ever we've requested.
Read full reviewHave always helped us out when needed, with what ever we've requested.
Good product. Platinum features and service. Could be better priced to allow better value for money.
Read full reviewGood product. Platinum features and service. Could be better priced to allow better value for money.
Free travel insurance when you purchase a min of $500 of your holiday accomodation or flights using your card. I had to make a claim for an an accident when I was overseas and it was handled efficiently and professionally. I did not have to pay one cent out of my own pocket. Also get frequent flyer points when I shop using the card.
Read full reviewFree travel insurance when you purchase a min of $500 of your holiday accomodation or flights using your card. I had to make a claim for an an accident when I was overseas and it was handled efficiently and professionally. I did not have to pay one cent out of my own pocket. Also get frequent flyer points when I shop using the card.
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Great Southern Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 25 months and then 21.74% p.a.
$49 $0 in the first year
PayPal
Rewards Card
20.99% p.a.
0% p.a. for 20 months and then 20.99% p.a.
$0
PayPal Rewards
Kogan Money
Black Card
20.99% p.a.
0% p.a. for 12 months and then 21.74% p.a.
$0
Kogan Rewards Points
St.George
Vertigo
13.99% p.a.
2.99% p.a. for 15 months and then 21.49% p.a.
$55 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
$59 $0 in the first year
NAB
Qantas Rewards Signature Card
Qantas Frequent Flyer
$395 $295 in the first year
110,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
American Express
Velocity Platinum Card
Velocity Frequent Flyer
$375
120,000
1.25 points uncapped
American Express
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
Kogan Money
Black Card
0% p.a. for 12 months and then 21.74% p.a.
20.99% p.a.
$0
Kogan Rewards Points
Great Southern Bank
Low Rate Credit Card
0% p.a. for 25 months and then 21.74% p.a.
11.99% p.a.
$49 $0 in the first year
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
0% p.a. for 12 months then 11.99% p.a.
$45
PayPal
Rewards Card
0% p.a. for 20 months and then 20.99% p.a.
20.99% p.a.
$0
PayPal Rewards
Westpac
Low Rate
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59 $0 in the first year
humm90
Mastercard
0% p.a. for 36 months and then 25.99% p.a. (0% balance transfer fee)
23.99% p.a.
$99
HSBC
Platinum Credit Card
0% p.a. for 36 months and then 21.99% p.a.
19.99% p.a.
$129 $29 in the first year
Rewards Plus
NAB
Low Rate Card
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
12.99% p.a.
$59 $0 in the first year
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Great Southern Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 25 months and then 21.74% p.a.
$49 $0 in the first year
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
St.George
No Annual Fee
0% p.a. for 12 months then 20.74% p.a.
2.99% p.a. for 15 months and then 21.49% p.a.
$0
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
$59 $0 in the first year
Westpac
Low Rate
13.74% p.a.
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
$59 $0 in the first year
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Great Southern Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 25 months and then 21.74% p.a.
$49 $0 in the first year
St.George
Vertigo
13.99% p.a.
2.99% p.a. for 15 months and then 21.49% p.a.
$55 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
$59 $0 in the first year
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
HSBC
Platinum Credit Card
19.99% p.a.
0% p.a. for 36 months and then 21.99% p.a.
$129 $29 in the first year
