The Bankwest Qantas World Mastercard (previously an invite-only card), is available to new cardholders for a $270 p.a. ongoing annual fee.
The card is issued as a ‘World MasterCard’ and includes all its benefits. Cardholders will also be able to take advantage of no foreign transaction fee for online and overseas purchases.
Earn rate starts at 1 Qantas Point per $1 up to $5,000 on eligible purchases per month and then drops down to 0.5 Qantas Point per $1 thereafter, uncapped.
Digging into the details
The Bankwest Qantas World Mastercard essentially has no points cap but has a soft cap of $5,000 per month for earning 1 Qantas Point per $1 on eligible spend. You will then earn 0.5 Qantas Point per $1 on all succeeding eligible spend beyond the soft cap. This is outlined in the Bankwest Qantas Rewards PDS (pdf).
Card Details
| Card | Bankwest Qantas World Mastercard |
| Loyalty Program | Qantas Frequent Flyer |
| Points earned from spend | 1 Qantas Point per $1 spent on eligible purchases up to $5,000 per month 0.5 Qantas Point per $1 thereafter |
| Points Cap | None |
| Included insurances | Overseas Travel Insurance Transit Accident (International trips only) Interstate Flight Inconvenience Insurance (within Australia) Price Guarantee, Purchase Security and Extended Warranty cover (PDS) |
| Overseas transaction fee | 0% |
| Mobile wallet | Apple Pay, Google Pay and Samsung Pay |
| Minimum credit limit | $12,000 |
| Annual fee | $270 p.a. ongoing |
This card is a decent option for travellers, with these key benefits:
- No overseas transaction fees
- Overseas Travel Insurance
- Interstate Flight Inconvenience Insurance (within Australia)
- Price Guarantee, Purchase Security and Extended Warranty cover
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.
Summing up – Bankwest Qantas World
The Bankwest World Mastercard has a unique place in the market as the only Qantas Point earning card with no overseas transaction fees. The 1 Qantas Points per $ earn rate is at par with most Qantas Point-earning Visa/Mastercards out there, but do take note of the soft cap in place.
The no foreign transaction fee is a winner for this card with frequent flyer points earned on the side with a great earn rate of 1:1.
I’ve just transferred across at 17k limit and $160 annual fee.
I tried to get one of the sales rep in Bankwest to upgrade my Platinum immediately during the application process however it was declined by the credit team.