Bankwest - Qantas Platinum Mastercard
The Bankwest Qantas Platinum credit card has an earn rate of 0.6 points per dollar spent on the first $2500 of eligible purchases each month. There is the possibility to earn 80,000 Qantas Points if $7,500 is spent on eligible purchases in the first 90 days, provided the card is kept open for 15 months.
It has an initial balance transfer rate of 2.99% for the first 9 months. After the first 9 months the rate reverts to 19.99% p.a.. The card offers complimentary travel insurance and a 0% international transaction fee.
Annual Fee
Balance Transfer
0% BT fee applies.
Purchase Rate
Interest Free Period
Details
Fees
Rates
Balance Transfer
0% BT fee applies.
Overseas Spending
Eligibility
Rewards
Reward Rates
Perks
Who is the product designed for?
The customers of this target market are likely to have the following objectives, needs, financial situation and 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 Qantas Points when spending on their card
- Access to complimentary travel insurance and upgraded benefits
- Waiving of foreign transaction fees
- 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 $3,000
- 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.
