Earn up to 30,000 bonus Qantas Points
No Foreign Transaction Fee
Earn 0.75 point per $1 spent on eligible purchases for the first $2,500 each month
Complimentary Overseas Travel Insurance
$160 Annual Fee
|Category||Frequent Flyer & Travel Credit Cards and Rewards Credit Cards|
|Benefits||Complimentary Travel Insurance and No Foreign Transaction Fee|
|Minimum Credit Limit||$3,000|
|Rewards Program||Qantas Frequent Flyer|
|Points Earn Rate||0.75 points per $1|
There is no cap on earn rate.
|Contactless Payments||Apple Pay and Google Pay|
|Rates & Fees|
|Purchase Rate||20.49% p.a.|
|Cash Advance Fee||2%|
|Annual Fee||$160 p.a.|
|Foreign Transaction Fee||0%|
|Interest Free Period||44 days|
|Cash Advance Rate||21.99% p.a.|
Not a very generous reward card for what you pay for and what you actually get
I am very disappointed with this card. You pay $160 upfront each year. Only get 0.75 on first 2,500 spent each month then it reduced to 0.20 after that amount each month. American Express has a similar product but with no annual fee and no monthly limit.
The reviewer stated that an incentive was offered for this review
Great All-Round Card for Overseas Travellers
The card has an annual fee of $160, it earns half a Qantas Frequent Flyer point per dollar spent on it, and has no foreign exchange fees, and has very good complimentary Travel Insurance through Allianz.
So, if one goes overseas on vacation and spends $5333 on car hire, hotels and other things, the saving in foreign exchange fees typically charged by other credit cards will pay for the annual fee of the card.
Also, if one goes on significant overseas trips and one spends $500 on the card for the trip, one gets complimentary Travel Insuran...ce from Allianz, which will at least pay for the annual fee of the card, but more likley pay for the annual fee of the card many times over on long trips, relative to buying a policy direct from Allianz. And if one spends $32,000 on the card on eligible purchases, one will get 16,000 Qantas points, which is equivalent to the annual fee of the card. Though one has to be a member of Qantas Frequent Flyers to get the points, and membership costs $89.50 to join. Or one can go and join Qantas cash, and get free membership to Qantas Frequent Flyers. The latter method is obviously the way to go. I like Allianz travel insurance, as they paid us out twice last year without any problem on another card through which we had complimentary Travel Insurance, with the same type policy. Also, for an additional premium, Allianz cover people with various pre-existing medical conditions that other complimentary credit card travel insurers reject.
Excellent credit card.
This is an excellent credit card from the best Bank in Australia. It has a very good 0.75 Qantas frequent flyer points per dollar spent with no cap, it has free travel insurance and it has no foreign transaction fees, which is great for both online shopping and shopping overseas when traveling.
But the best thing about this Bankwest card is their Australian call centres with very helpful staff. I highly recommend this card to anyone needing a good Qantas credit card.
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