Bankwest Credit Cards

Bankwest offers the lowest MasterCard purchase rate of all credit cards in Australia with their Bankwest Lite MasterCard credit card offer.

They also offer a super competitive ‘Zero’ credit card range which all feature a $0 annual fee.

Bankwest are a subsidiary of Commonwealth Bank. You can withdraw with no foreign ATM charge from a Commonwealth Bank ATM using a Bankwest credit card and vica versa.

Bankwest Credit Card Comparison

Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
Bankwest Lite MasterCard	Australia's lowest interest Mastercard purchase rate. A low stress, guaranteed low interest credit card.	10.75%	21.74%	1.99% for 9 months	$59	55
Bankwest Lite Gold MasterCard	Complimentary international travel insurance, extended warranty, purchase security and price guarantee	10.75%	21.74%	1.99% for 9 months	$89	55
Bankwest Lite Platinum MasterCard	Complimentary international travel insurance, Australian warranty 12 months extension, purchase security and price guarantee and lots more!	10.75%	21.74%	1.99% for 9 months	$120	55
Bankwest Zero MasterCard	A plain no frills credit card which offers a grace period, modest interest rate and zero dollar annual fee. Up to 3 cardholders complimentary.	16.99%	16.99%	3.99% for 9 months	$0	55
Bankwest Zero Gold MasterCard	Travel accident insurance, 12 month extended warranty on purchases with licensed Australia warranty and purchase protection	16.99%	16.99%	3.99% for 9 months	$0	55
Bankwest Zero Platinum MasterCard	Similar features to the Zero Gold, with added 24/7 concierge service to help you arrange travel, bookings, shopping and medical services.	16.99%	16.99%	3.99% for 9 months	$0	55
Bankwest 'More' MasterCard	Grace period on purchases, 1.5 points for every dollar you spend, large range of rewards.	18.99%	21.74%	1.99% for 9 months	$89.00	55
Bankwest 'More' Gold MasterCard	1.5 reward points for every $1 spent. Free travel and accident insurance. Payment protection.	18.99%	21.74%	1.99% for 9 months	$120.00	55

Bankwest High Interest Savings Account

Savings Account	Account Details	Variable Rate p.a.	Base Rate p.a.	Intro Rate p.a.	Fees	Min Balance/Min Deposit
Bankwest TeleNet Saver	6.00% p.a. for 12 months, longest promo rate on the market.	6.15%	4.50%	1.65%	FREE	$0/$0

Bankwest Overview

Bankwest is the short name of Bank of Western Australia, which is a wholly-owned subsidiary of the Commonwealth Bank of Australia. It is a full service bank, meaning it is active in all segments of the market, lending money across the business, rural, housing and personal markets, and in its home state of Western Australia, Bankwest is responsible for around one quarter of all bank advances and deposits.

Bankwest boasts over 900,000 customers who are served through an expansive network of local branches, direct and third-party distribution channels, electronic banking facilities, and associated agencies, and it operates on a 24/7 basis via its telephone and Internet banking services.

Thanks to its excellent performance, Bankwest has been the recipient of various awards, including the 2008 Bank of the Year at the AFR Smart Investor Blue Ribbon Awards, Lender of the Year at the 2008 Mortgage and Finance Association of Australia (MFAA) Excellence Awards, and 2008 Regional Bank of the Year at the Australian Banking & Finance Magazine Awards. It was also awarded gold for its TeleNet Saver, Regular Saver, Bankwest tddirect, Kids' Bonus Saver, Hero Transaction Account, and Zero MasterCard in Money Magazine's 2008 Best of the Best awards.

Bankwest is a powerful, well-established business with a healthy capital base and liquidity position, and is an Authorised Deposit-taking Institution (ADI) within Australia, fully regulated by the APRA. It is an active participant in the Australian interstate banking market, and since becoming part of the Commonwealth Bank of Australia Group, Bankwest's position has been further solidified by an improved credit rating, and its ability to offer customers the best and most innovative banking products has been enhanced.

History of Bankwest

Bankwest began life in 1895 as the Agricultural Bank of Western Australia, a lending institution set up by Western Australia's state government. Its purpose was to support the state's agricultural industry by lending money to farmers, using government bonds to offset its liabilities.

Fifty years later, in 1945, the Agricultural Bank of Western Australia became a fully-fledged commercial bank, later changing its name to the Rural and Industries Bank of Western Australia (R&I Bank). Following on from that, the bank continued its expansion with operations in both the commercial and retail banking sectors right across the state.

In 1990, R&I Bank was incorporated, and four years later it changed its name again to its current identity of the Bank of Western Australia Limited, commonly abbreviated to Bankwest. A year later the bank was privatised and the Bank of Scotland bought Bankwest, which was soon listed on the Australian Stock Exchange. The Bank of Scotland merged with the Halifax Group in 2001, forming a company called HBOS plc, which ended up selling Bankwest to the Commonwealth Bank of Australia in 2008 for AUD$2.1 billion.

Bankwest products and services

Bankwest is structured into two major divisions: personal and business.

Personal Division

On the personal banking side, Bankwest offers products and services including bank accounts, home loans, credit cards, personal loans, savings accounts, transaction accounts, investments, insurance, financial advice, and online banking.

Where credit cards are concerned, there is a great choice, including:

• Bankwest Lite MasterCard
• Bankwest More Gold MasterCard
• Bankwest More MasterCard
• Bankwest Visa Gold
• Bankwest Visa Classic
• Bankwest Lite Gold MasterCard
• Bankwest Business extra Visa
• Bankwest Business MasterCard Large Rewards
• Bankwest Business MasterCard Low Rate
• Bankwest Corporate MasterCard
• Bankwest More Platinum MasterCard
• Bankwest Zero MasterCard

  
  

Discover the benefits of carrying a Bankwest credit card, and enjoy one of the lowest credit card interest rates in the country.

Bankwest credit cards include cards that offer low rates of interest, no annual fees, and great rewards schemes. Whatever type of credit card you are looking for, Bankwest will provide the perfect solution for you.

Bankwest started out as the Agricultural Bank of Western Australia after being founded by the government with the aim of helping struggling farmers. It opened its first branch in Perth in 1895 and has grown over more than a century to currently serve over 600,000 customers across many states. Exactly 100 years after it appeared, Bankwest was acquired by The Bank of Scotland 1995, when shares were offered to the public for the first time. Bankwest is now owned by HBOS (Halifax/Bank of Scotland), which is one of the world's largest financial groups.

Amongst the Bankwest credit card family is the Bankwest Lite MasterCard, which is widely considered one of the best credit cards in the country with an interest rate a pip below 11%. It is also offering an amazing 1.99% p.a. for 9 months on balance transfers - again, an offer that is extremely difficult to beat. This allows you to make a huge saving on the current interest charges you are paying on your debt. The annual fee is also comparably low and you naturally enjoy a 55 day interest-free period on your purchases.

Bankwest credit cards can be used at over 21 million locations around the globe, and cash can be withdrawn from ATMs the world over so you will never be strapped for cash in a foreign country. You can also set up bill payment on your Bankwest credit card so you can more easily stay on top of your home and business expenses. In fact, the online management of your Bankwest credit card is a cinch and even includes a Switching Tool that allows you to contact merchants and let them know to switch payments from your old credit card to your new Bankwest credit card.

Business Division

For the business owner, Bankwest offers a wide range of products and services, such as business accounts, business loans, and business credit cards, and online banking is available so that customers can attend to their finances whenever they like. Various account and loan options are available to suit individual needs, but potential business customers may find the following of interest:

The Bankwest Business Bonus Account - An all-in-one business account, giving high interest on credit balances while providing all-important everyday working capital. Its features are:

• Cash management and transactions together in one account
• Free electronic transactions (terms apply)
• No account maintenance fees
• No minimum opening balance
• The option of ATM access and cheque book
• Fees apply to over-the-counter transactions
• Overdraft facility available upon request
• BPAY Biller option available upon request

The Bankwest Business Edge Small Business Loan - For anyone thinking of purchasing a business or expanding one they already own, this loan is intended to replace the usual restrictions with freedom and choice. Its features are:

• Regular repayments allowing for better financial planning and control
• Choice of interest-only (maximum 5 yrs), or principal and interest
• Early repayment without penalties
• $20,000 minimum loan amount
• Redraw facility for fast access to surplus funds
• Competitive variable interest rates of around 8% to 10%
• Repayment terms of up to 30 years, subject to approval

Bankwest TeleNet Saver Account - Giving the business customer 5% p.a. on the entire balance of the account. Its features are:

• No fees
• Interest calculated daily and paid monthly
• No minimum balance required
• No fixed term
• Available to all businesses, and not just existing Bankwest customers
• Funds accessible 24/7 via Bankwest Online Banking�

Hopefully this overview of Bankwest will help you to choose a financial tool fit for your circumstances. With the above selection of cards you are sure to find the winning one to accompany you for years to come.

 

See the Bankwest Overlimit & Late Payment Fees here

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• Bankwest More Gold MasterCard – Details & Application
  

  The Bankwest More Gold MasterCard is a credit card with a great range of rewards options. It also features additional benefits such as travel insurance, discounts at various retailers and more. Read on to learn about all the features of the Bankwest rewards credit card.



• Bankwest Zero MasterCard – Your Everyday Card with No Annual Fee
  

  Most of use credit cards nearly everyday. But, did you know that you can use a card for your everyday spending purchases? There is a card offered by Bankwest that will allow you to do your everyday spending all the while enjoying low rates and benefits.



• Bankwest Lite Gold MasterCard Overview
  

  The Bankwest Lite Gold MasterCard is an innovative credit card. This card offers consumers low costs and interest rates coupled with the prestige of owning a Gold credit card. Read on to learn all about the Bankwest Lite Gold MasterCard.



• Bankwest Lite MasterCard
  

  Bankwest is one the larger regional banks in Australia. They have a range of credit cards on offer varying in features and benefits. This articles will review the features of the Bankwest Lite MasterCard.



• Bankwest Zero MasterCard Overview
  

  Bankwest is an established regional bank in Australia. They have a range of attractive credit card offers in the market. This article reviews the Bankwest Zero MasterCard and compares related offers.



• Bankwest Lite Platinum MasterCard Review
  

  Bankwest is a strong regional bank in Australia with a countrywide presence. They have a range of credit cards on offer with some exciting feature sets. This article reviews the Bankwest Lite Platinum MasterCard.



• Bankwest Balance Transfer
  

  Bankwest currently have some of the best balance transfer offers available in Australia on their Bankwest Zero Platinum MasterCard and the Bankwest Lite MasterCard. The Bankwest Lite MasterCard was awarded the Cheapest Balance Transfer Credit Card for 2010



• Bankwest Tddirect Online Term Deposit
  

  A Bankwest term deposit is a solid investment for people that like to watch their cash grow without any hard work being put into it. Stable, secure and safe are the three S’s you should be looking for when it comes to investing your hard earned money.
  In this day and [...]



• Bankwest Early Release Term Deposit
  

  Getting a Bankwest term deposit is a brilliant idea, and the Bankwest Early Release Term Deposit makes it even more so. You will get a guaranteed rate of return, plus you will be able to access your money whenever you need it most. This is truly the best of both worlds.
  This [...]



• Bankwest Gold Term Deposit Savings Account
  

  There has never been a better time than now to apply for a Bankwest term deposit and put your money into an investment with certainty. Gone are the days when people used to waste their money on alternatives. Nowadays it is not worth the gamble when a bank last term deposit [...]



• How To Resume A Saved Credit Card Application With Bankwest
  

  If you have been busy applying for an account with Bankwest and don’t know how to get back to your saved credit card application because you got distracted then we have provided an easy to follow guide on how to save your credit card application and re-edit it at anytime until you are comfortable with submitting it to the bank.



• Bankwest Rate Tracker Home Loan
  

  Bankwest Home Loan Offer

  The Bankwest Rate Tracker Home Loan offers an interest rate 1% p.a. smaller than the Big Four Banks are offering. This is a great offer if you are looking to buy your first home, investing in property, or are just looking to switch home loans for a better rate.
  Features:

  1% p.a. smaller standard [...]



• Bankwest Lite Platinum MasterCard
  

  The Bankwest Lite Platinum MasterCard has all the benefits of a premium platinum card without the expensive fees. This card features a low interest purchase rate and a balance transfer rate that will allow you to repay your interest.



• Bankwest Lite Gold MasterCard – Review and Application
  

  The Bankwest Lite Gold Mastercard is currently Australia’s lowest Mastercard purchase rate credit card. You can take advantage of it’s guaranteed lowest purchase rate as well as a great balance transfer rate for the first 9 months and much much more.



• Bankwest Zero Platinum MasterCard – Review & Application
  

  The Bankwest Zero Platinum is an award winning card for a good reason. What you get is a low interest rate, no annual fees and rewards. What more could you possibly ask for in a credit card?



• Bankwest Lite MasterCard – Review & Application
  

  If you are looking to reduce or get rid of debt then the Bankwest Lite MasterCard is one of the best choices you can make. It features a low purchase rate and an amazingly low balance transfer rate for 9 months.



• Bankwest Credit Cards: Frequently Asked Questions
  

  Ever considered applying for a Bankwest credit card but aren’t 100% sure? This article will answer all your questions and concerns. Click here to find out more.



• Bankwest Credit Cards – Frequently Asked Questions (FAQ)
  

  Bankwest are currently offering some of the most competitive credit card offers we’ve seen in the Australian market with the cheapest purchase rates, balance transfer rates and no annual fee. If you have any questions before applying for a Bankwest credit card, this FAQ will surely be of some help to you.



• Bankwest RewardMe Credit Card Rewards Program
  

  Bankwest have a fantastic rewards program available for their credit cards. Find out more about the Bankwest RewardMe rewards program



• Bankwest Lite MasterCard – Australia’s Cheapest Credit Card
  

  The Bankwest credit card range is the most competitive right now in the market. They were acknowledged by Money Magazine in their Best of the Best credit cards issue receiving the Best Transactor Credit Card, Cheapest Credit Card and Cheapest Balance Transfer Credit Card awards.





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Editor's Choice: Our Top Credit Cards




Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
HSBC Credit Card	Editor's Choice: 0% for 6 months Balance Transfer & No Annual Fee Featuring a $0 annual fee for life, and 0% p.a. balance transfer for 6 months, the HSBC Credit Card was voted the Best Transactor Credit Card for 2010.	16.99%	20.75%	0% for 6 months	$0	55
Suncorp Clear Options Standard Visa Card	A great 12 month balance transfer offer, combined with a low annual fee and a good interest rate on purchases.	12.24%	17.99%	1.9% for 12 months	$39	0