Our verdict

Earn up to 50,000 bonus Qantas Points with a new Bankwest Qantas Platinum Mastercard.

The Bankwest Qantas Platinum Mastercard rewards your eligible spending with 0.6 Qantas Points per $1 spent up to $2,500 per month. After that, you'll earn 0.3 points per $1 spent, uncapped. It also offers up to 50,000 bonus points to new cardholders. Both the earn rates and bonus points are not the most competitive options on the market, but most cards that offer more Qantas Points also charge higher annual fees.

The Bankwest Qantas Platinum also offers you no foreign transaction fees for online and overseas purchases, as well as complimentary overseas travel insurance.

Pros

Up to 50,000 bonus Qantas Points offer
0% foreign transaction fees
Complimentary overseas credit card travel insurance

Cons

Relatively high ongoing annual fee of $160 p.a. and purchase rate of 19.99% p.a.
Earn rate per $1 spent is low compared to other Qantas cards

The Bankwest Qantas Platinum Mastercard gives you a way to earn Qantas Points on your everyday credit card spending. It also offers up to 50,000 bonus Qantas Points when you spend $3,000 in the first 90 days from card approval (40,000 points when you keep your account open in 3 months and 10,000 points in the 15th month). While Bankwest has not listed an end date, this promotion is only available for a limited time.

Details

Product details

Product Name	Bankwest Qantas Platinum Mastercard
Balance transfer rate p.a.	2.99% for 9 months, then 19.99%
Balance transfer limit	95% of available limit
Purchase rate p.a.	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	$3,000
Card type	Mastercard

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Rewards program	Qantas Frequent Flyer
Bonus points	50,000
Rewards points per $ spent	0.6
Rewards points cap	Uncapped

Fees

Annual fee	Annual fee $160
Minimum monthly repayment	2% of the closing balance or $20, whichever is greater
Late payment fee	$25
Foreign currency conversion fee	Foreign currency conversion fee 0%
Cash advance fee	3% or $4, whichever is greater
Overseas cash advance fee	3% or $4, whichever is greater
Overseas ATM withdrawal fee	$0
Additional cardholder fee	$0
Number of additional cardholders	3

How to apply

You can apply for the Bankwest Qantas Platinum Mastercard online in around 10 minutes and receive a response instantly. Before you get started, make sure you meet the eligibility requirements and have the necessary information ready to complete the application.

Eligibility criteria

Eligible balance transfer. If you plan to take advantage of the balance transfer offer, you can transfer from $500 up to 95% of your credit limit from cards not issued by Bankwest.
Residency. You must be a permanent Australian resident or citizen in order to apply online.

Age. You must be at least 18 years old.

Required documents

Personal information. You'll need to list your full name and will be asked to provide your contact details including your residential address, email address and a phone number.
Proof of identification. You'll need to provide two forms of identification. This could include your Australian driver's licence, Medicare card or passport.
Employment. This includes your length of employment and your employer's contact details.
Finances. You'll be asked to include details regarding your income, expenses and assets.
Frequent flyer number. If you're already a Qantas Frequent Flyer, you'll need to include your frequent flyer number so your points can be credited to your account.
Balance transfer details. If you're conducting a balance transfer, you'll need to provide information about the debt(s) including how much you're transferring and where from.

Card benefits

Up to 50,000 bonus Qantas Points. Earn up to 50,000 bonus Qantas Points when you spend $3,000 on eligible purchases within the first 90 days (if you keep your account open for 3 months, you will receive 40,000 points and another 10,000 points in the 15th month). To give you an idea of the potential value of these bonus points, you could use them to redeem a return economy flight for two between Sydney and Adelaide (48,000 Qantas Points) or $225 worth of Woolworths digital gift cards (46,680 points for two $100 gift cards and one $25 gift card). Note that this offer is only available to new Bankwest Qantas Platinum Mastercard customers. To be eligible, you need to apply during the promotional period.
Qantas Points per $1 spent. You'll earn 0.6 Qantas Points per $1 spent on eligible purchases, up to $2,500 per month and 0.3 points per $1 spent thereafter. Please note that you won't earn points on balance transfers. If you're not already a Qantas Frequent Flyer, the $99.50 membership fee is waived if you join while applying for this card.

0% foreign transaction fee. You can shop online or overseas and save with no foreign transaction fees. Cash advance fees will still apply if you use the card for overseas ATM withdrawals or cash-equivalent transactions.
Complimentary overseas travel insurance. As of 9 December 2019, the Bankwest Qantas Platinum card offers complimentary overseas travel insurance for up to 31 consecutive days through Cover-More. All you have to do to get the insurance is have the card open while you're travelling. If you meet the eligibility requirements, you'll be covered for overseas emergency medical & hospital expenses, baggage & personal goods, personal liability and accidental death with the option to upgrade for additional protection.
Purchase covers. Complimentary purchase security cover provides protection from loss, theft or accidental damage of your purchases made anywhere in the world for 3 months from the date of purchase, for up to $125,000 a year. The extended warranty cover adds 12 months to any Australian manufacturer's warranty that comes with your goods. The purchase price guarantee scheme allows you to claim the difference on a purchased item if you find it available at a lower price (at least $75) within three weeks of the transaction.
Mobile wallet and contactless payments. You can link this card to Google Pay, Samsung Pay and Apple Pay, available on compatible Android, Samsung and Apple devices.
Balance transfer offer. This card offers 2.99% p.a. on balance transfers for the first 9 months. Any unpaid balance left at the end of the introductory period will revert to the standard rate of 19.99% p.a.

Rates & fees

Annual fee. This card attracts an annual fee of $160 p.a.
Purchase rate. This card has a standard purchase interest rate of 19.99% p.a.

Cash advance fee and rates. If you use the Bankwest Qantas Platinum Mastercard to withdraw cash or for any other cash advance transactions, you will have to pay a fee of 3% of the transaction amount or $4 (whichever is greater). These transactions will immediately attract interest at the cash advance rate of 21.99% p.a.
Interest-free days. If you pay your closing balance, excluding any balance transfers, in full by the statement due date, you can take advantage of up to 44 interest-free days on purchases.
Minimum credit limit. The credit limit on this card starts at $3,000.
Additional cards. You are allowed up to 3 additional cardholders under one account. There is a $0 annual fee for supplementary cards.

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Linda

August 29, 2024

Do you get complimentary qantas lounge passes with this card.

Angus Kidman Finder

September 15, 2024

Hi Linda, This card doesn’t include any Qantas lounge passes. If you’re looking for a card that offers that feature, we have a detailed comparison of cards with lounge access. Hope this helps!

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Lamia Kamal

April 12, 2024

Hello,

Whats the income range to apply for this card?

Angus Kidman Finder

September 23, 2024

Hi Lamia, Bankwest’s Target Market Determination (TMD) for this product doesn’t list a specific income range, but says that cardholders would typically apply for a credit limit above $3,000, would be comfortable paying higher fees and rates and wouldn’t expect to carry a balance for an extended period. Hope that helps.

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Dianne

March 10, 2024

Hi, I’m trying to find the details on eligible purchases.

I want to take my card to California. The 0% foreign transaction fee is a key feature but possibly not worth it if what I in supermarkets, restaurants and fuel etc is not considered eligible. Can you direct me please?

Thank you

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Elizabeth Barry Finder

March 26, 2024

Hi Dianne,

Eligible purchases are all purchases made on the card except for the following:

– Cash advances

– Balance Transfers

– Interest charges

– Credit fees and charges

– Bank fees and charges

– Transactions Bankwest decide are disputed due to being fraudulent or which involve an abuse of your card

– Foreign exchange purchases

– Travellers cheques

– All purchases for gaming or gambling transactions including gambling chip purchases and online gambling purchases

– BPAY payments ie. bill payments and other payments made through the BPAY Electronic Payments Scheme

– Government charges (other than GST payable in connection with the purchase of goods and services on which you earn Qantas Points)

– Credit card protection insurance

– Business Related Expenses

– Any other transactions the bank “reasonably determine from time to time should be excluded”

This list comes from the terms and conditions PDF for the credit card which you can find here.

Hope this helps,

Elizabeth

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Angela

September 19, 2023

is the annual fee including the annual qantas rewards program fee?

Amy Bradney-George Finder

September 21, 2023

Hi Angela,

This card doesn’t have an annual Qantas Rewards Program Fee. So the annual fee listed is what you’d pay for the account each year. I hope this helps.

Irene Burgess

August 04, 2023

Hi

How is the maximum credit limit determined? and what is the maximum credit limit if there is one?

thanks

Irene

Amy Bradney-George Finder

August 04, 2023

Hi Irene,

The credit limit is determined based on details provided when you apply for a credit card, including your income, expenses and credit report/score. All lenders in Australia have to assess the applicant’s ability to repay the total credit limit, with interest, over a 3-year period as part of Australia’s responsible lending requirements. Bankwest doesn’t list a specific maximum limit available for this card but Finder does have a guide about how to estimate or calculate a credit limit that may be suitable for you. I hope this helps.

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Bankwest Qantas Platinum Mastercard

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