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Bankwest - Qantas Platinum Mastercard

The Bankwest Qantas Platinum credit card has an earn rate of 0.6 points per dollar spent on the first $2500 of eligible purchases per month(0.3 points thereafter). There is the possibility to earn 50,000 Qantas Points if $3,000 is spent on eligible purchases in the first 90 days, provided the card is kept open for 15 months.

It has an initial balance transfer rate of 2.99% for the first 9 months. After the first 9 months the rate reverts to 19.99% p.a.. The card offers complimentary travel insurance and a 0% international transaction fee.

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50,000 Qantas Points if $3,000 is spent in the first 90 days. There is an introductory balance transfer rate of 2.99% for the first 9 months.
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Annual Fee

$160 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
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Details

Card Type
Mastercard
Minimum Repayment
2% or $20
per statement, whichever is greater
Interest Free Period
up to 44
days
Minimum Credit Limit
$3,000

Fees

Annual Fee
$160
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
Joint Application
No

Rewards

Program
Qantas Frequent Flyer
Types
Classic Flight, Partner airlines, Classic Hotels
Bonus
50,000 bonus points

Reward Rates

Rewards Rate One
0.6 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 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 $3000
  • 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

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