Bankwest Qantas Mastercard – 50,000 bonus on Platinum card

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 Qantas Platinum MasterCard credit card between 1 August and 30 September 2016,
  • be approved and
  • spend 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.

Features

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 Details
Card Bankwest Qantas Platinum MasterCard
Loyalty program Qantas Frequent Flyer
Points earning rate 0.5 Qantas Points per $ spent
Points cap/tiers 200,000 points  per annum
Travel benefits Foreign transaction fees waived
Included insurances Domestic and international travel insurance, purchase security insurance
Annual fee $160

 

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