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Our verdict

Earn points for everyday purchases, save with a 0% balance transfer offer and enjoy perks through the Bankwest More Rewards program.

The Bankwest More Classic Mastercard offers you both points for your everyday spending and a competitive annual fee of $100. With this card, you earn 1.5 points per $1 spent on eligible purchases, plus you can save with 0% p.a. for 6 months on balance transfers (with a one-time 1% balance transfer fee).

The points you earn can be redeemed through Bankwest More Rewards for gift cards, cashback and a variety of retail items. To give you an idea of the potential value, a search on the More Rewards website on 8 September 2023 shows that you could get a $100 Woolworths WISH eGift card for 45,000 points.

The Bankwest More Classic Mastercard doesn’t offer any other perks, such as insurance. Its other features are straightforward, including a purchase rate of 19.99% p.a. and up to 44 days interest-free on purchases if you pay off the balance in full each month, excluding any balance transfer amount, so keep that in mind when you’re weighing up your options.

Pros

1.5 reward points per $1 spent on eligible purchases
0% p.a. for 6 months on balance transfers

Cons

Points are capped at 150,000 per year
Annual fee of $100 p.a. is relatively high for a standard-tier card
Charges a 1% BT fee

The Bankwest More Classic Mastercard is a rewards credit card that offers simple features and a straightforward earn rate of 1.5 Bankwest More Rewards points per $1 spent on eligible purchases.

Details

Product details

Product Name	Bankwest More Classic Mastercard
Balance transfer rate p.a.	0% for 6 months with 1% balance transfer fee, then 19.99%
Balance transfer limit	95% of available limit
Purchase rate p.a.	19.99%
Interest-free period	Up to 44 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$1,000
Card type	Mastercard

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Rewards program	Bankwest More Rewards Program
Bonus points	N/A
Rewards points per $ spent	1.5
Rewards points cap	150,000

Fees

Annual fee	$100
Minimum monthly repayment	2% of the closing balance or $20, whichever is greater
Late payment fee	$25
Foreign currency conversion fee	2.95%
Cash advance fee	3% or $4, whichever is greater
Overseas cash advance fee	3% or $4, whichever is greater
Number of additional cardholders	3

How to apply

You can apply for the Bankwest More Classic Mastercard online by filling out a secure application form on Bankwest's website. Get started by making sure you meet the following eligibility requirements and have all the documents and details you'll need for the application.

Eligibility criteria

New customer. The balance transfer offer is only available if you don't already have a Bankwest More Mastercard account in your name. This includes Bankwest More Platinum and World Mastercard accounts.
Eligible balance transfer debt. If you plan to take advantage of the balance transfer offer, you can transfer from $500 up to 95% of your available credit limit from non-Bankwest credit cards.

Residency. You must be an Australian citizen or permanent resident in order to apply online.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, email address, residential address, date of birth, marital status, number of dependents and contact number. You also need to provide photo ID, such as your driver's licence or passport.
Employment details. This covers your job title, salary and your employer's contact information. You may also need to provide recent payslips, payment summaries or bank statements to verify these details.
Financial details. This includes any other forms of income, such as pensions or government payments, as well as savings or other assets. You also need to provide details about any existing debts, loans, credit cards or other liabilities, as well as an estimate of your regular household bills and expenses.
Balance transfer details. If you want to take advantage of the balance transfer offer in this card, you will need to provide details of your existing credit card debt, including the amount of debt you want to transfer, the account name, number and the provider's BSB.

Card benefits

Bankwest More Rewards. Once you have had your account for at least 60 days, you can redeem points through the Bankwest More Rewards program, with items including gift cards and cash back on your account. Note that there are currently no frequent flyer point transfer partners and that points expire 3 years after they have been earned.
Balance transfer offer. This card comes with an introductory balance transfer rate of 0% p.a. for the first 6 months, with a one-time 1% balance transfer fee. A standard balance transfer rate of 19.99% p.a. will be charged for any remaining balance after the introductory period. You also won't earn any points on balance transfers.

Interest-free days. The Bankwest More Classic Mastercard offers up to 44 interest-free days on purchases when you pay off the total outstanding balance, excluding any balance transfer amount, by the due date on each statement.
Mobile and wearable payments. You can add this card to Samsung Pay, Apple Pay or Google Pay to make payments straight from your compatible phone or device.
Digital card. Bankwest offers a digital card that you can activate once your application is approved. This gives you a way to start using the account while you wait for your physical card to arrive in the mail.

Rates & fees

Annual fee. The Bankwest More Classic Mastercard charges an annual fee of $100.
Purchase interest rate. Purchases on this card attract an interest rate of 19.99% p.a.

Cash advances. Using this card to withdraw cash, purchase foreign currency or for any other cash advance transaction attracts a fee of 3% of transaction amount or $4 (whichever is greater). An interest rate of 21.99% p.a. also applies to the transaction amount.
Foreign transaction fee. A 2.95% fee applies to overseas transactions. This includes transactions made in a foreign currency, as well as those made online in Australia but are processed overseas.

Sources

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Amy Finder

Editor

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Deb

May 10, 2016

Do you have to be a client of your Bank to apply for this credit card?

Do you have gift cards for the rewards program, eg Myers Gift card,

David Jones and JB Hi fi?

Does the security on this card detect unusual activity and notifies the owner straight away?

Anndy Finder

May 10, 2016

Hi Deb,

Thanks for getting in touch.

Please note that you have come through to finder.com.au, a financial comparison website and general information service that does not represent financial institutions or other companies.

To answer your questions though, Bankwest offers a range of gift cards and vouchers which you can use for cashback, general retail, hotels, movie tickets, theme parks and travels (Dan Murphy’s Gift Card, JB Hi-Fi Gift Card, David Jones eGift Card, BIG W Gift Card to name a few).

As for security, Bankwest may or may not be able to immediately detect fraudulent transactions, but credit card holders are protected by MasterCard Zero Liability Guarantee that provides full reimbursement if you’re a victim of credit card fraud. The card’s chip, PIN and Bankwest’s account monitoring services also provide added protection.

I hope this helps.

Cheers,

Anndy

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Mr Ward

January 15, 2016

Hi

I have a MasterCard platinum, with an 18month 0% balance transfer offer. I’ve recently found out that any charges I make to the card after the balance transfer (on top of the balance transferred) will only be paid down once the full amount of the balance transfer is paid. This effectively means I will pay credit card interest on any spend on the card, until the interest free amount is paid down. Seems counter productive (and is different to what I was advised verbally by the salesman). Surely this encourages me not to the use the card at all, until the interest free period has expired?

Is this your understanding of a common fine print issue?

Thanks

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Sharon Finder

January 20, 2016

Hi Mr Ward,

Thanks for your inquiry.

It’s not recommended to use one card for both balance transfers and purchases. Instead, if you have a balance you need to transfer, you may consider using a separate card for balance transfers. If you use your balance transfer credit card for purchases or cash advances during the promotional period, your repayments will go towards your purchase and cash advance debt first (as they carry a higher interest rate) and then your balance transfer debt.

You may also refer to our guide on how not to fall for a balance transfer trap.

Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered on your credit card transactions.

I hope this helps.

Sharon

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Leslie

April 13, 2015

I see your answer below stating that Westpac,BOM,St George and Bankwest all fall under the Westpac Group.

Does this mean we only need to apply to one as if we are rejected by one it will most likely be declined by all?

I haven’t applied yet but thought if this is the case I should choose wisely out of the above on where I apply.

Thank you

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Jonathan Finder

April 13, 2015

Hi Leslie, thanks for your inquiry!

Even though the banks mentioned all fall under the Westpac group, the application criteria and requirements for each credit card will vary. It would be best to assess your ability to repay a credit card and choose the product that best suits your needs.

Cheers,

Jonathan

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ADZ

April 02, 2015

Hi…I’m looking to roll over some credit card debt to take advantage of the 0% interest period…My question is – given that my debt is with Westpac and Bank Of Melbourne and St. George are part of the Westpac group…Could that mean the application would be rejected as it would be more profitable to leave my debt where it is and about to go from 0% to cash advance rates.

Thank You

ADZ

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Jonathan Finder

April 02, 2015

Hi ADZ,

Thanks for your inquiry.

That is correct, the Bank of Melbourne and St.George are part of the Westpac group balance transfers between the banks are not supported. Our handy guide on banks you can balance transfer to will serve as your reference before moving your balance to another card. You can also see a list of balance transfer credit cards to compare. Select ‘Go to Site’ if you are ready to apply. Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before applying.

Cheers,

Jonathan

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steve

March 04, 2015

Hi, all these questions and information, but nothing about where and how points can be redeemed. Steve

Ken

December 07, 2015

how do I redeem my points?

Jonathan Finder

March 04, 2015

Hi Steve, thanks for your inquiry!

Please refer to the website link I have sent to your email for details on how to redeem Bankwest More Rewards points and the types of rewards available.

Cheers,

Jonathan

Bankwest More Classic Mastercard

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

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