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Bankwest Qantas Platinum Mastercard

Purchase rate
20.49% p.a.
Balance transfer rate
2.99% p.a. for 9 months and then 20.49% p.a.
Annual fees
$160
Interest free days on purchases
44

Mozo editorial review Bankwest Qantas Platinum Mastercard

Last updated: 4 September 2019.

binocular icon
What's hot
  • 2019 Mozo Experts Choice Award Travel Credit Card Provider of the Year
  • Free Qantas Frequent Flyer membership when you take out a card
What's not
  • High 21.99% cash advance rate
Mozo snapshot

If you're a frequent flyer looking for a credit card with platinum perks then 2019 Mozo Experts Choice Award winner, 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.

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Key features

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. 

The Platinum card has an introductory 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 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.


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Who is it good for

This credit card is best suited to people who want to put all their rewards points towards redeeming flights and travel offers through Qantas.

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Any catches

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.

Rewards program details

Rates and fees information correct as at 6 June 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

110,400 points

Fly Sydney to Melbourne one-way

8,000 points

$100 Giftcard

18,690 points

$100 Cash

-

Points earning

0.75 points per dollar on Mastercard, up to $2,500 per month, then
0.3 points per dollar on Mastercard, uncapped

Rewards scheme

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.

Value of rewards points

Spend $24,920 (Mastercard)

Spend $10,667 (Mastercard)

Spend $323,000 (Mastercard)

Uncapped

Never

How do we calculate the rewards?

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.

Close

Rate and fee details

Rates
  • 20.49% p.a.

  • none

  • 2.99% p.a. for 9 months and then 20.49% p.a.

  • no

  • 21.99% p.a.

  • 44

Fees
  • $160.00

  • none

  • none

  • none

  • $25.00

  • 2%, Min $4.00

  • 0%

  • $10.00

  • $10.00

  • $0.00

Features
  • $20.00

  • 2.0

  • 3

  • none

Payment options

Apple Pay, Google Pay, Payment Ring

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection

Customer Reviews

How are Bankwest credit cards rated by the Mozo community?

Overall customer rating
7.3/10
Price
6.9/10
Features
6.2/10
Customer service
7.4/10
Convenience
7.5/10
Trust
7.5/10

Latest reviews of Bankwest Qantas Platinum Mastercard

  • Overall 5/10
    Customer service is good.

    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 review

    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.

    Price
    5/10
    Features
    6/10
    Customer service
    7/10
    Convenience
    3/10
    Trust
    5/10
    Less
    Klara, New South Wales reviewed 3 months ago
  • Overall 8/10
    Competitive rates

    Have always helped us out when needed, with what ever we've requested.

    Read full review

    Have always helped us out when needed, with what ever we've requested.

    Price
    8/10
    Features
    9/10
    Customer service
    5/10
    Convenience
    9/10
    Trust
    9/10
    Less
    David, Western Australia reviewed about 2 years ago
  • Overall 9/10
    Great product, usual platinum features

    Good product. Platinum features and service. Could be better priced to allow better value for money.

    Read full review

    Good product. Platinum features and service. Could be better priced to allow better value for money.

    Price
    7/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Guy, New South Wales reviewed almost 5 years ago
  • Overall 7/10
    Great for frequent flyer points and free insurance

    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 review

    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.

    Price
    3/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    8/10
    Less
    Sharon, Western Australia reviewed almost 5 years ago
  • Overall 10/10
    Great customer service

    Personal contact anytime you ring and check within minutes if they think a purchase is a bit out of the ordinary.

    Read full review

    Personal contact anytime you ring and check within minutes if they think a purchase is a bit out of the ordinary.

    Price
    7/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Tracy, Victoria reviewed almost 5 years ago
Bankwest

About Bankwest

Bankwest is all about making your finances simple. Originally from Western Australia, Bankwest has attracted thousands of customers around the country with its competitively priced products such as the Hero Saver. In late 2008 the bank was bought by the Commonwealth Bank, which has promised to retain the Bankwest brand. So if you like the sound of simple banking, check out Bankwest's range of personal banking products including savings accounts, bank accounts, credit cards, home loans and more.

See Bankwest credit cards

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