Bankwest - Qantas World Mastercard
The Bankwest Qantas Platinum credit card has an earn rate of 1 point per dollar spent the first $5000 of eligible purchases each month.
The Qantas Platinum card has complimentary travel insurance and a 0% foreign transaction fee.
It has an introductory balance transfer rate of 2.99% for 9 months. After the first 9 months the rate reverts back to 19.99% p.a..
Earn 1 Qantas Point for every dollar spent on everyday purchases. The Qantas Frequent Flyer membership fees are waived.
Annual Fee
$320 per year
Balance Transfer
2.99% for 9 months reverts to 19.99% p.a.
Purchase Rate
19.99% p.a.
Interest Free Period
up to 44 days
Details
Card Type
Mastercard
Minimum Repayment
2% or $20
per statement, whichever is greater
Interest Free Period
up to 44
days
Minimum Credit Limit
$12,000
Fees
Annual Fee
$320
per year
Late Payment Fee
$25
per statement
Cash Advance Fee
3% or $4
per transaction, whichever is greater
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 3
additional holders
Rates
Purchase Rate
19.99% p.a.
Cash Advance Rate
21.99% p.a.
Balance Transfer
Balance Transfer
2.99% for 9 months
reverts to 19.99% p.a.
Balance Transfer Limit
95%
of credit limit
Overseas Spending
Foreign Currency Conversion Fee
0%
per transaction
Eligibility
Minimum Age
18
years old
Temporary Residents
No
Rewards
Program
Qantas Frequent Flyer
Types
Classic Flight, Partner airlines, Classic Hotels
Bonus
100,000 bonus points
Reward Rates
Rewards Rate One
1 point(s) per AUD$1
On eligible purchases
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
No
Who is the product designed for?
These customers are likely to have the following objectives, needs, financial situation and must meet the eligibility criteria for this product:
Objectives and Needs
- Require a revolving credit facility with a convenient way to make payments and access cash by using the card attached to the facility
- Ability to earn Qantas Points when spending on their card
- Access to complimentary travel insurance and upgraded benefits
- Waiving of foreign transaction fees
- Access to "World Mastercard" benefits
- Access to interest free days
- Access to promotional offers
Financial Situation
- meet Bankwest's credit assessment criteria which includes demonstrating the capacity to make the required repayments without substantial hardship
- choose a credit limit typically above $12,000
- will pay a higher interest rate when required under the card contract (compared to some other Bankwest credit cards)
- will pay a higher annual fee (than some other Bankwest credit cards) if criteria are not met for a fee waiver
Eligibility Criteria
- be an individual 18 years or older
- be living in Australia as an Australian citizen or Australian permanent resident (exceptions may apply)
- meet Bankwest's credit assessment criteria which includes demonstrating the capacity to service the credit facility
Visit Bankwest to view Target Market Determination Effective From: 2024-09-27.
