How to Apply for your Bankwest More Classic Mastercard
The Bankwest More Classic Mastercard is designed for Australians seeking a balance of rewards and affordability. With 1.5 points per $1 spent on eligible purchases and a $100 annual fee, it offers competitive rewards without breaking the bank.
The card provides 0% p.a. on balance transfers for six months with a 1% transfer fee, giving flexibility for those looking to consolidate debts. With features like 44 interest-free days on purchases and compatibility with digital wallets, this card is an excellent choice for everyday spenders wanting to maximize rewards.
Bankwest More Classic Mastercard Benefits
Earn 1.5 Points per $1
The Bankwest More Classic Mastercard offers 1.5 points per $1 spent on eligible purchases, making it a great option for everyday transactions such as groceries and dining. The points are capped at 150,000 per year, ensuring consistent rewards without complexity.
0% Balance Transfer Offer
Cardholders can benefit from 0% p.a. on balance transfers for the first six months, with a 1% transfer fee. This feature is ideal for consolidating existing debts and reducing interest costs, provided the balance is paid within the promotional period. After six months, the rate reverts to 19.99% p.a.
Competitive Annual Fee
The card charges a $100 annual fee, which is reasonable for a rewards card with such features. It offers a solid balance between benefits and affordability, making it one of the best rewards cards with a lower annual cost.
44 Interest-Free Days
Cardholders enjoy up to 44 interest-free days on purchases, provided the balance is paid in full each month. This gives extra flexibility when managing monthly expenses.
Mobile Payment Integration
The card supports Apple Pay, Google Pay, and Samsung Pay, allowing for seamless digital transactions, ideal for tech-savvy users.
Considerations
Points Cap
While the card offers 1.5 points per $1, the annual cap of 150,000 points might limit the rewards for high-spenders. If you’re likely to exceed this spending threshold, a card with uncapped rewards might be more suitable.
Foreign Transaction Fee
The card has a 2.95% foreign transaction fee, which can add up if you frequently shop online with overseas retailers or travel internationally. This fee is something to consider for those who make purchases outside Australia.
Balance Transfer Fee
Although the card offers 0% p.a. on balance transfers for six months, the 1% balance transfer fee may affect how much you save in the long run, especially if you’re transferring a large balance. Be sure to calculate whether the transfer fee offsets the potential savings.
Eligibility for the Bankwest More Classic Mastercard
To apply for the Bankwest More Classic Mastercard, applicants must meet the following requirements:
- Minimum Age: You must be at least 18 years old.
- Residency: Only Australian citizens or permanent residents can apply.
- Income Requirements: While there is no strict minimum income requirement, applicants should have a stable income and a good credit rating.
When applying, you’ll need to provide personal identification (e.g., driver’s licence or passport), proof of income (e.g., recent payslips or tax returns), and financial details such as any existing liabilities. Meeting these criteria increases your chances of approval and ensures you can manage the card responsibly.
About Bankwest
Bankwest, a subsidiary of the Commonwealth Bank of Australia, is known for offering straightforward, customer-focused financial products. Originally founded as the Agricultural Bank of Western Australia in 1895, Bankwest has grown into a trusted name in Australian banking.
The Bankwest More Classic Mastercard reflects the bank’s commitment to delivering value-driven financial solutions, with a focus on rewards and affordability.
With a reputation for excellent customer service and a suite of innovative digital tools, Bankwest makes managing your credit card simple and convenient, whether you’re earning rewards or consolidating debt.
Ideal Candidates for the Bankwest More Classic Mastercard
The Bankwest More Classic Mastercard is perfect for:
- Everyday Spenders: Earning 1.5 points per $1 on eligible purchases makes this card ideal for people who frequently use their card for everyday spending, such as groceries, dining, and retail shopping.
- Budget-Conscious Users: With a $100 annual fee, the card offers excellent value for those looking for a rewards credit card without the hefty costs.
- Debt Consolidators: The 0% p.a. on balance transfers for six months makes it a useful option for those looking to reduce interest on existing debt, though the 1% transfer fee should be taken into account.
- Tech-Savvy Consumers: Its compatibility with Apple Pay, Google Pay, and Samsung Pay allows for easy mobile payments, perfect for those who prefer contactless transactions.
If you’re seeking a straightforward rewards card with a balance of low costs and practical benefits, the Bankwest More Classic Mastercard is an excellent choice.
Applying for the Bankwest More Classic Mastercard
Applying for the Bankwest More Classic Mastercard is simple and can be done online:
- Visit the Bankwest Website: Navigate to the credit card section and select the More Classic Mastercard.
- Complete the Application: Provide your personal details, employment information, and financial history.
- Submit Your Application: Once complete, submit your application online. You should receive a decision within a few business days.
Upon approval, your card will be sent to you, and you can activate it immediately via the Bankwest mobile app.
Bankwest More Classic Mastercard Fees and Tariffs
Here’s a breakdown of the key fees for the Bankwest More Classic Mastercard:
- Annual Fee: $100.
- Purchase Rate: 19.99% p.a.
- Balance Transfer Rate: 0% p.a. for six months, with a 1% transfer fee.
- Interest-Free Days: Up to 44 days on purchases.
- Foreign Transaction Fee: 2.95% on international purchases.
These fees make the card a strong contender for users looking for a credit card with reward points at an affordable price point.
Customer Service
- Phone: Call 13 17 19 for 24/7 support regarding your credit card. Bankwest’s dedicated customer service team is available to assist with inquiries, from account management to transaction disputes. Call +61 8 9449 2840 outside Australia.
- Website: Visit Bankwest Customer Support for more information, FAQs, and online assistance.
- Branch: you can get personal support from Bankwest in-person in the nearest branch.
- Post: Bankwest, PO Box E237, Perth WA 6841
- Mobile App: Use the Bankwest mobile app to manage your account, view transactions, and contact customer support directly.
