The Bankwest Qantas Platinum Mastercard has up to 50,000 bonus Qantas Points on offer for new cardholders.
A minimum spend of $3,000 within the first 90 days of approval is required to receive 40,000 bonus Qantas Points and get an additional 10,000 bonus Qantas Points if you keep your card account open for at least 15 months.
Bankwest now only offer the Qantas Platinum Mastercard and Qantas World Mastercard to new customers in their Qantas cards range.
We will take a look into the details of the Platinum Mastercard in this guide. The Platinum Mastercard is packed with similar benefits as the World MasterCard version and comes with a standard $160 annual fee which can also be bundled with your Bankwest home loan, if you have one.
Earning Qantas Points from Spend
The Bankwest Qantas Platinum card earns 0.75 Qantas Point per $1 on day to day spend up to $2,500 per month and 0.30 Qantas Point per $1 thereafter, unlimited. There are no overseas or Qantas spend bonuses.
For those who still have the Classic card, it earns 0.30 Qantas Points per $1 on spend with no points cap and with limited benefits.
Other Benefits of the Bankwest Qantas Platinum Mastercard
The best benefit of the Platinum card, in my opinion, is the waived foreign transaction fees for online and overseas purchases, with this card being one of the few cards on the market together with the Bankwest World Mastercard which offers this waiver while still allowing you to earn points.
Given there is usually a 2.95% surcharge on your overseas spend with Bankwest’s other cards, this is a substantial saving and covers online and in-person transactions.
The Bankwest Qantas Platinum card also offers travel insurance with up to 6 months per trip coverage and $3,000 of car hire insurance excess. There are more details on the included insurances here.
This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.
| Card Details | |
|---|---|
| Card | Bankwest Qantas Platinum MasterCard |
| Loyalty program | Qantas Frequent Flyer |
| Points earned from spend | 0.75 Qantas Points per $1 spend up to $2,500 per month and 0.30 Qantas Points per $1 thereafter, uncapped |
| Points cap | no hard cap |
| Travel benefits | Waived foreign transaction fees |
| Included insurances | Domestic and international travel insurance, purchase security insurance (PDS) |
| Overseas transaction fee | 0% for online and overseas purchases |
| Mobile wallet | Apple Pay, Google Pay and Samsung Pay |
| Annual fee | $160 |
Comparing the Bankwest Qantas Platinum to the Classic
The primary differences in benefits between the two are the points earn rate and the foreign transaction fee waiver.
The annual fee for the Classic is $100. Given the Platinum card is only $160, I’d suggest going for the Platinum card, especially since it comes with complimentary insurances while the Classic does not.
| Card Details | |
|---|---|
| Card | Bankwest Qantas Classic MasterCard |
| Loyalty program | Qantas Frequent Flyer |
| Points earned from spend | 0.3 Qantas Points per $1 spent |
| Points cap | no points cap |
| Travel benefits | n/a |
| Included insurances | n/a |
| Overseas transaction fee | 2.95% of the converted amount |
| Mobile wallet | Apple Pay, Google Pay and Samsung Pay |
| Annual fee | $100 |
Halo Payment Ring
These Bankwest cards are also eligible for the Halo Payment Ring, embedded with a Mastercard Contactless chip.
Apple Pay, Google Pay & Samsung Pay Support
Bankwest cards support Apple Pay, Google Pay & Samsung Pay meaning you can use this card on your smartphone for easier payments.
Read the Point Hacks guide to using Apple Pay or for using Google Pay & Samsung Pay, including instructions on how to add your Bankwest card to those services.
With this feature set up, it means you could still use your NFC-enabled phone to make purchases with your Bankwest account, even if your physical card is lost or stolen and pending replacement.
Summary – Bankwest Qantas Mastercard range
The earn rate for both Classic and Platinum cards are not the best in the market, however, if there’s a decent sign-up bonus on offer and you spend a considerable amount on overseas transactions and prefer saving cash to earning more points, then the Platinum card is a decent option.
Otherwise, there are Qantas Cards out there with higher earn rates on spend which you could probably consider instead.
Quick question as I can never seem to read these things correctly.
What I was looking for was a card with $0 international fees and the ability to earn points on international transaction. I already have the NAB 1 point per dollar mastercard and 1.5 points per dollar AMEX so these would be everyday but this card would be for overseas transactions.
Currently I am spending around $3500 a month on overseas transactions.
Worth it?
Currently I use 28 degrees for overseas transactions so no fee but also no points accumulation.
This card will cost $160 but I think the 50,000 points credited to my QFF account and the points I will accumulate on a $3000 a month spend should at least exceed the cost of owning the card for one year. At the end of the year I would try and get Bankwest to waive the fee or I will move on.
Am I missing something here 🙂
Great website btw. Used your advice on recent European trip on MA and also your advice on departing Paris instead of LON when in Buisness class due to departure taxes. Thanks very much!
On these Bankwest platnum mastercard, it is certain they do not give points for ATO payments? I have several land tax and ATO payments due this year (not common, not a small business) and have been a loyal WOW Qantas cardholder (4 years – got them to waive my annual fee so will use it up to the $3000 pm for 1:1), , but want to get another 1:1 card or close. I like the Bankwest 50,000 signup and potetial to get the qantas world card. The bankwest terms states they exclude “government charges” from points. There is much conjucture what this means, as HSBC qantas platinum says the same thing but still gives points for ATO. Does bankwest definitely not give points for ATO and OSR payments from your personal experience?
I am quite unhappy but probably decide to keep the Platinum just to get the points.