- The card uses annual points capping rather than monthly, which could help you earn more points overall
- Points capped at 50,000 per year
- Minimum credit limit of only $1,000
Bankwest's Qantas Classic Mastercard is a no-frills credit card that offers frequent flyer points in return for an affordable annual fee, with those points automatically transferred over to your Qantas Frequent Flyer account every month.
You'll also earn the same number of points per dollar spent as the bank's Qantas Platinum Mastercard – just with a lower annual points cap that's better-suited to lower spenders, with a minimum credit limit of only $1,000 which makes the card accessible to most.
Bankwest Qantas Mastercard: fast facts
- Grade/tier: Standard
- Card type: Mastercard
- Loyalty program: Qantas Frequent Flyer
- Qantas Points earned per $1: 0.5
- Points capping: Earn up to 50,000 Qantas Points per calendar year
Fees, charges and interest:
- Annual fee: $100
- Additional/supplementary cardholder fee: $0
- Interest rate on purchases: 20.49% p.a.
- Interest-free days on purchases: Up to 44
- Interest rate on cash advances: 21.99% p.a.
- International transaction fee: 2.95%
- Minimum income requirement: None defined
- Minimum credit limit: $1,000
Earning points for free flights:
Being an entry-level product, the Bankwest Qantas Mastercard delivers 0.5 Qantas Points per dollar spent up to 50,000 Qantas Points per year.
Over a calendar year, that means you could spend an average of $8,333 per month while still earning points – and with this card aimed at entry-level users rather than points-hungry jetsetters, the cap isn't restrictive enough to affect to most users.
Certainly, points caps are never a 'great thing', but we do appreciate that this one is yearly rather than monthly, because it's not uncommon for spenders to charge more in some months (such as leading up to Christmas or when planning an overseas holiday) and less in others.
Assuming you remain within the yearly cap, every $16,000 spent on the card earns enough points to book a one-way Sydney-Melbourne flight in economy, plus a payment of around $30 to cover taxes, fees and charges when you book.
Airport lounge access, free international travel insurance:
As expected, complimentary airport lounge access doesn't form part of Bankwest's Classic package, nor does travel insurance – although you'll find the latter available on Bankwest's higher-tier Qantas Platinum and Qantas World credit cards.
Bankwest Qantas Mastercard: the verdict
Priced at $100 per year and with no fees for additional cardholders, Bankwest's entry-level Qantas Classic card is just that: a starting point on your frequent flyer journey.
As you continue to use the card and pay off your purchases, you may be offered to increase your credit limit (or can apply for this directly), and once you have a limit of at least $6,000, you could then convert your card into a Bankwest Qantas Platinum card for only $60 more per year.
That brings added perks like travel insurance and no international transaction fees, and is a great path to 'move up' to having a better credit card if you don't initially qualify for a limit that high.
Of course, if you don't spend a great deal and want the convenience of a credit card paired with the ability to earn frequent flyer points, the Bankwest Qantas Classic card isn't a bad place to start.