How to apply for your Bankwest Qantas Platinum Mastercard

The Bankwest Qantas Platinum Mastercard is a premium credit card designed for travelers who want to earn Qantas Points with every eligible purchase. Issued by Bankwest, an Australian financial institution, the card offers various benefits, including overseas travel insurance and no foreign transaction fees.

Customers can accumulate Qantas Points on all qualifying purchases and redeem them for flights, upgrades, and exclusive rewards. Additionally, the card provides up to 44 interest-free days on purchases, price protection, extended warranty, and access to special offers for cardholders.

APPLY NOW

Top five features of the Bankwest Qantas Platinum Mastercard

Full of useful features for both travelers and everyday spenders, this card offers great value. Here are some of its most attractive benefits:

Earning Qantas Points

Earn Qantas Points for every dollar spent on eligible purchases. From groceries and dining to travel experiences, every qualifying purchase brings you closer to exclusive rewards such as flights, flight upgrades, and perks with Qantas Frequent Flyer program partners. This benefit is especially valuable for frequent travelers looking to maximise the value of their spending.

Free travel insurance

Basic coverage for international travel, including unexpected medical expenses, trip cancellations, and other unforeseen events. This benefit provides added security while travelling and can help save on the cost of a separate travel insurance policy. However, be mindful of the limitations, exclusions, and eligibility criteria that apply.

No foreign transaction fees

Ideal for those who shop internationally or travel frequently, this card does not charge additional fees on transactions made in a foreign currency. This means you can book flights, shop on international websites, and pay for expenses abroad without extra currency conversion costs.

Up to 44 days interest-free

Cardholders can enjoy up to 44 days of interest-free credit on eligible purchases, provided the balance is paid in full by the due date. This benefit helps with cash flow management and offers greater financial flexibility.

Observations

Some points about these main benefits and other features of this card that should be taken into consideration:

Point accumulation limits

Cardholders earn 0.6 Qantas Points per $1 spent on eligible purchases up to the first $2,500 each month. After this threshold, the earning rate decreases to 0.3 points per dollar. This structure encourages continuous card usage, particularly for those looking to maximize travel rewards.

Sign-up bonus rules

New customers can earn up to 50,000 Qantas Points by meeting the promotional requirements: spending at least $3,000 within the first 90 days after approval and keeping the card active for 15 months. These points can be redeemed for flights, upgrades, and other exclusive benefits within the Qantas Frequent Flyer program.

Annual fee and credit limit

The Platinum card has an annual fee of $160 and requires a minimum credit limit of $3,000. This cost should be considered when evaluating whether the card’s benefits justify the yearly expense.

Interest rates

Interest rates vary depending on the type of transaction. Purchases and balance transfers may have annual rates ranging between 19.99% and 21.99%, applicable after any introductory periods with special conditions. It is advisable to pay the full balance within the interest-free period to avoid high financial charges.

Frequent flyer

Qantas waives the Frequent Flyer membership fee (normally $99.50) when you sign up with this card. This allows new cardholders to join the program for free and start earning Qantas Points immediately.

Why getthe Bankwest Qantas Platinum Mastercard?

This card is built for Qantas frequent flyers looking to maximise their rewards. It offers cardholders the chance to earn Qantas Points without the concern of extra foreign transaction fees. It also features travel insurance, making it a smart choice for travelers who want extra financial coverage.

APPLY NOW

About Bankwest

Bankwest is a reputable Australian bank with over 1.5 billion customers offering home finance, personal loans and credit cards. In addition, a structure of 86 branches nationwide, 1.6 thousand professional employees and 45.6 Cr loans to 258 customers

Since its founding in 1895, Bankwest has expanded and is now a division of the Commonwealth Bank of Australia (CBA). It caters to both businesses and people by offering both traditional and digital banking solutions.

Positive or negative — is this card worth the card?

As with any financial product, the Bankwest Qantas Platinum Mastercard has pros and cons. Here’s a breakdown:
The “No Overseas Transaction Fee” facility makes the card a cost-effective option for travellers and shoppers alike. Many other credit cards charge extra fees for purchases made in foreign currencies, but this card eliminates those fees, so you can make overseas transactions without worrying about any surprise costs.

Whether traveling for work, going on holiday or shopping online with overseas merchants, you can feel safe in the knowledge you won’t have to pay extra. Not only do you’ll save money but you’ll also make your overall expenses related to international transactions more convenient, which makes them perfect for you as a global spender.

If you consistently fly on Qantas flights, you can earn rewards through the airline’s profits program. You can use these points for free flight upgrades, free flights, and even lounge access, as well as shopping at the Qantas Rewards Store. In addition, travelers earn points by staying in hotels, renting cars, spending on credit cards and making everyday purchases with Qantas-affiliated partners.

This card also offers basic travel insurance, interest-free days and months on purchases, and a lower balance transfer rate. A common benefit among this bank’s cards is the ability to split the cost of up to five eligible purchases into four monthly installments at 0% p.a. Additionally, cardholders can join Qantas Frequent Flyer for free, as the sign-up fee is waived, saving $99.50.

A minimum credit limit of $3,000 is another advantage of this card. However, there are some drawbacks to consider, such as the high annual fee. While the card offers valuable perks, if you don’t use it frequently or take advantage of its benefits, the annual fee may not be worthwhile.

Some premium travel credit cards charge annual fees that can offset your rewards earnings, but this is mainly a concern for those who actively accumulate rewards, access airport lounges, and rely on travel insurance. If you rarely travel or don’t spend enough to earn meaningful rewards, the cost of maintaining this card may not be justifiable. Before committing to a card with a high annual fee, it’s important to assess whether your spending habits align with the available rewards and features.

Despite the initial ease of interest-free purchases and balance transfers, the interest rates can be high afterward. As with most credit cards, carrying a balance can result in steep interest charges, making it essential to pay your balance in full each month. If payments are not carefully managed, accumulated interest can quickly outweigh any rewards or benefits.

Other factors to consider include the card’s basic travel insurance coverage and the specific rules governing Qantas Points accumulation.

How to apply for the Bankwest Qantas Platinum Mastercard

• Check eligibility: Make sure you qualify for the minimum income and credit.
• Gather documents: Assemble proof of income and identification: ID documents, details of employment and your income, expenses, assets, loans and other credit cards.
• Complete the application forms on the official website or application: Enter your personal and financial information as necessary.
• Submit & wait for approval: The bank reviews your application and informs you of their decision.

Important! You will be eligible to apply for a Qantas Mastercard if you are 18 or over and you are an Australian permanent resident.

APPLY NOW

General enquiries

For general enquiries, we’re available over the phone 24/7. Please note that international calls may be subject to additional charges. You can reach us in Australia at 13 17 19 or from overseas at +61 8 9449 2840. More contact information for specific situations can be found here. https://www.bankwest.com.au/contact-us

Final thoughts

As a result, the Bankwest Qantas Platinum Mastercard is a great option for Australians looking to earn Qantas Points and access premium perks who travel regularly. With no foreign transaction fees, travel insurance and Quantas points, this card offers significant value for international shoppers and frequent flyers.