Best Bankwest Credit Card for Home Loan Package

Anyone here have a Complete Home Loan Package with Bankwest? Little disappointing they don’t include their top tier cards, only Platinum… Anyway, which one is better - Bankwest More Platinum MasterCard or Bankwest Qantas Platinum MasterCard? The annual bonus points for the former sound nice, but they’re conditional and Bankwest points can’t be converted to any sort of frequent flyer points.

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  • 1
    Bankwest More Platinum MasterCard
  • 5
    Bankwest Qantas Platinum MasterCard

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Comments

  • Pick a reward that you would actually like from both programs (i.e. a gift card for $100 for the More card, and a reward flight you would actually take on Qantas on the other), account for the taxes on the QFF flight, and compare how much it is worth to you and the spend you need to put through the card to get it. Then pick the best value card. This question is otherwise so individual that there is no right answer.

    Even then, with the banks constantly devaluing points - the right answer today will likely change as time passes.

    A lot of people here like frequent flyer point rewards. The people that use them for business upgrades will get a greater $ value per point as opposed to those using points for flights. Personally I'm the latter - and I frequently struggled to find flights that would get me a value of 1 cent per point, which was the threshold return I required before using them. They therefore continued to accumulate and I struggled to use them. For that reason alone - personally - I would rather just take the gift card reward over QFF flights.

    Be careful with credit cards - they are bad for all the reasons identified in the Barefoot Investor book (highly recommended). Even if you don't pay interest, and the card is included with your annual fee - there is evidence that some people are more likely to spend approx 20% more through a credit card than if they used their own money to purchase goods/services.

  • Any chance to get More World Card?
    Comes with 10 free airport lounge visits per year.

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