How to Apply for Your Bankwest More Classic Mastercard

The Bankwest More Classic Mastercard is a competitive credit card offering a solid rewards program, reasonable fees, and a range of useful benefits.

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Designed for Australian consumers looking to earn rewards while managing everyday expenses, this card provides 1.5 More Rewards points per dollar spent on eligible purchases, up to 150,000 points per year.

Additionally, it offers up to 44 days interest-free on purchases, a reasonable annual fee, and a balance transfer promotion for new customers. Whether you’re seeking a simple rewards card or an option that complements your financial goals, the Bankwest More Classic Mastercard is worth considering.

Bankwest More Classic Mastercard Benefits

• Reward Points on Every Purchase: Earn 1.5 More Rewards points for every dollar spent on eligible purchases, allowing you to accumulate points quickly. These points can be redeemed for cashback, digital vouchers, and other rewards. Additionally, points never expire as long as your account remains active, making it easier to save for high-value redemptions.
• Introductory Balance Transfer Offer: New cardholders can take advantage of a 0% p.a. balance transfer rate for the first six months, with a 2% balance transfer fee. This can be useful for consolidating existing credit card debt and reducing interest payments. After this period, the balance transfer rate reverts to 19.99% p.a.
• Interest-Free Period: Enjoy up to 44 days of interest-free purchases, provided the balance is paid in full each month. This feature is beneficial for budget-conscious consumers who want to avoid paying interest while still taking advantage of the card’s perks.
• Virtual Card for Added Security: The Bankwest mobile app allows users to create single-use or multi-use virtual cards, enhancing security for online transactions. This is particularly useful for those who frequently shop online and want to minimize the risk of fraud or unauthorized transactions.
• Offset Home Loan Package: If you have a Complete Home Loan Package with Bankwest, the More Classic Mastercard’s annual fee is waived, making it a cost-effective option. This benefit allows homeowners to maximize their savings while still earning rewards on their spending.
• International Acceptance: As a Mastercard, this credit card is widely accepted worldwide, making it a reliable option for both domestic and international purchases. Whether you’re traveling abroad or shopping from international retailers, you can use your card with ease.

What You Should Have to Apply for the Bankwest More Classic Mastercard

To be eligible for the Bankwest More Classic Mastercard, applicants must:

• Be at least 18 years old
• Be an Australian permanent resident
• Not already hold a Bankwest More Mastercard (as only one is allowed per customer)

Additionally, applicants must provide:

• Photo identification (Australian driver’s licence, passport, or other approved documents)
• Employment details (including length of employment and employer contact information)
• Financial information, including income, expenses, assets, loans, and other credit cards

Bankwest will assess applicants’ creditworthiness based on their credit history, financial obligations, and ability to repay.

Bankwest More Classic Mastercard Pros and Cons

Pros

• Competitive rewards program with 1.5 points per $1 spent
• No annual fee if bundled with a Complete Home Loan Package
• 0% p.a. on balance transfers for the first six months
• Up to 44 days interest-free on purchases
• Virtual card functionality for enhanced security
• Mastercard acceptance worldwide
• Compatibility with digital wallets for seamless payments

Cons

• $100 annual fee (unless waived through the home loan package)
• Foreign transaction fee of 3%
• High ongoing interest rates (19.99% p.a. for purchases and balance transfers, 21.99% p.a. for cash advances)

About Bankwest

Bankwest is an Australian financial institution that offers a range of banking products, including credit cards, home loans, and personal accounts.

A division of Commonwealth Bank of Australia, Bankwest is known for its customer-centric approach, digital banking innovations, and a variety of competitive financial products.

The More Classic Mastercard is part of its suite of credit cards designed to cater to different spending habits and financial needs.

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Who Is This Card For?

The Bankwest More Classic Mastercard is ideal for individuals who:

• Want to earn rewards points on everyday purchases
• Can manage monthly payments to avoid interest charges
• Are looking for a competitive balance transfer option
• Want a secure credit card with virtual card capabilities
• Prefer a credit card that integrates with an existing Bankwest home loan package
• Frequently shop online and seek enhanced security features

How to Apply for the Bankwest More Classic Mastercard

Applying for the Bankwest More Classic Mastercard is a straightforward process:

1. Check Eligibility: Ensure you meet the age, residency, and financial criteria.
2. Gather Required Documents: Prepare identification documents, employment details, and financial information.
3. Start an Online Application: Visit the Bankwest website and navigate to the More Classic Mastercard application page.
4. Complete the Application Form: Fill in the required details, including personal, employment, and financial information.
5. Submit the Application: Review the details and submit your application. Bankwest will assess your information and respond.
6. Receive Your Card: Upon approval, your card will be mailed to you, and you can activate it through the Bankwest app or website.

Bankwest More Classic Mastercard Fees and Tariffs

• Annual Fee: $100 (waived with the Complete Home Loan Package)
• Purchase Interest Rate: 19.99% p.a.
• Balance Transfer Rate: 0% p.a. for 6 months, then 19.99% p.a.
• Cash Advance Rate: 21.99% p.a.
• Balance Transfer Fee: 2%
• Foreign Transaction Fee: 3% of the transaction amount
• Cash Advance Fee: 3% of transaction amount or $4 (whichever is greater)
• Late Payment Fee: $30 per statement period
• Paper Statement Fee: $1.25 per statement (can be avoided with eStatements)

Conclusion

The Bankwest More Classic Mastercard is a well-rounded credit card for Australian consumers looking to earn rewards while managing expenses efficiently.

With a solid rewards program, an introductory balance transfer offer, and a variety of security features, this card is suitable for those who pay their balance in full each month to maximize benefits.

However, potential cardholders should be mindful of the foreign transaction fees and high interest rates on unpaid balances. If paired with a Bankwest home loan package, the waived annual fee makes it an even more attractive option.

Overall, this card provides good value for responsible spenders who want to earn rewards on their everyday purchases.

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