Bankwest has launched a new signup offer for new customers to its BankwestQantas Platinum Mastercard. Under the offer, new cardholders are eligible for 50,000 bonus Qantas Points should they meet the criteria of the offer.
To be eligble for the offer, you will need to:
- apply for a Bankwest QantasÂ Platinum MasterCardÂ credit card between 1 August and 30 September 2016,
- be approvedÂ and
- spendÂ at least $2,500
on eligible purchases within 3 months from account opening
For further information on this product and current offers, refer to the Bankwest Website.
The Bankwest Qantas Platinum MasterCard
Of the main Bankwest Qantas Mastercards. the Platinum MasterCard is the pick of the bunch. There is also a World version of the card, hwoever that does not appear publically available. It seems to be available to customers that are offered upgrades from Bankwest after holding the card for some period of time.
As the offer at hand is for the Platinum version of the card, the following discussion will focus on that card.
As standard, the Platinum MasterCard comes with a standard $160 annual fee.
On any eligible spend, the card earns Qantas Points at the rate of 0.5 Qantas Points for each dollar spent on the card. There is a cap of
200,000 points per year. Unlike some other cards, there is no particular bonus for spending on Qantas services. In addition, there is no bonus on overseas spend.
While there is no bonus on overseas spend, a significant feature of the card is that foreign transaction fees are waived on the card. This means that the conversion to Australian Dollars is made by Mastercard, and Bankwest do not add on an extra 3% or so to the converted rate.
The basic details of the card, at the time of writing are:
|Card||Bankwest Qantas Platinum MasterCard|
|Loyalty program||Qantas Frequent Flyer|
|Points earning rate||0.5 Qantas Points per $ spent|
|Points cap/tiers||200,000 pointsÂ per annum|
|Travel benefits||Foreign transaction fees waived|
|Included insurances||Domestic and international travel insurance, purchase security insurance|