Bankwest - More World Mastercard
The More World credit card earns points on everyday purchases. It offers 2.5 points per dollar spent on eligible purchases. There is an initial balance transfer rate of 0% for 6 months, where a balance transfer fee of 1% applies. After this period the rate reverts to 14.99% p.a..
There is a purchase rate of 14.99% p.a. and up to 44 days interest-free on those purchases. With the More World credit card, 10 complimentary lounge passes are available per calendar year and the foreign transaction fee is 0%.
Annual Fee
Balance Transfer
1% BT fee applies.
Purchase Rate
Interest Free Period
Details
Fees
Rates
Balance Transfer
1% BT fee applies.
Overseas Spending
Eligibility
Rewards
Reward Rates
Perks
Who is the product designed for?
These customers are likely to have the following objectives, needs, financial situation and must meet the eligibility criteria for this product:
Objectives and Needs
- Require a revolving credit facility with a convenient way to make payments and access cash by using the card attached to the facility
- Ability to earn rewards Points when spending on their card
- Access to complimentary travel insurance and upgraded benefits
- Waiving of foreign transaction fees
- Access to "World Mastercard" benefits
- Access to interest free days
- Access to promotional offers
Financial Situation
The Financial Situation of the Target Market are customers that:
- meet Bankwest's credit assessment criteria which includes demonstrating the capacity to make the required repayments without substantial hardship.
- choose a credit limit typically above $6,000
- will pay a higher interest rate when required under the card contract (compared to some other Bankwest credit cards).
- will pay a higher annual fee (than some other Bankwest credit cards) if criteria are not met for a fee waiver.
Bankwest views that its processes in place, including assessing the customer’s ability to service the facility, will mean that the product will likely be consistent with the financial situation of the target market.
Eligibility Criteria
To hold this product customers will need to satisfy certain eligibility criteria and credit assessment requirements, including that each customer must:
- be an individual 18 years or older
- be living in Australia as an Australian citizen or Australian permanent resident (exceptions may apply)
- meet Bankwest's credit assessment criteria which includes demonstrating the capacity to service the credit facility.
