BankWest is Back – How do they Compete?

BankWest Lite MasterCard

Reduce stress with a guaranteed low rate credit card. This award winning credit card will help you save more with an amazingly low purchase and balance transfer rate. This deal is sizzling hot!

• $59 annual fee
• 10.75% p.a. on purchases
• 21.49% p.a. on cash advances
• 1.99% p.a. for 9 months on balance transfers

Click here to read the Bankwest Lite MasterCard terms and conditions

The recent Commonwealth Bank acquisition of BankWest have opened them up to the realm of online credit card comparison and application. The first available is their low interest offer, the BankWest Lite MasterCard.

Before Aussie lowered their flagship MasterCard rate to 2.99% for 6 months (reverts to 12.29%), it held the crown for lowest interest on purchases in relation to annual fee. While BankWest are arguably 2nd, they are yet to recently lower their interest rate and hence are likely to resume position at the leaderboard.

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BankWest vs Aussie

• Both feature a $35 late payment fee.
• The BankWest Lite offers 1.99% p.a. for 9 months on balance transfers, while the Aussie MasterCard offers 2.99% p.a. for 6 months on balance transfers.
• BankWest Lite features 10.75% on purchases, 21.49% on cash advances and a $59 annual fee. Aussie MasterCard features 2.99% for 6 months (reverts to 12.29%) on purchases, 18.79% on cash advances $49 for annual fees.

For the time being, the Aussie MasterCard is the winner with little doubt. Keep in mind that terms and features are constantly subjective to change, and cards are always teetering on the edge of change.

Related posts:

1. Bankwest Lite MasterCard: Switch and save with the multi-award winning credit card from Bankwest
2. Bankwest Lite MasterCard Credit Card
3. Bankwest Bites Back: Lite MasterCard Returns with a Bang
4. Bankwest Lite Gold MasterCard – Review and Application
5. Bankwest Lite MasterCard – Australia’s Cheapest Credit Card
6. Bankwest Lite Platinum MasterCard
7. Bankwest Balance Transfer

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)
St George Vertigo	Editor's Choice: Low Interest Low 2.99% for 6 months (reverts to 11.99%) p.a. interest rate and balance transfer rate, from one of Australia's most respected banks.	2.99% for 6 months (reverts to 11.99%)	20.74%	2.99% for 6 months	$55	55
Coles Group Source MasterCard	The Coles Group Source MasterCard has no annual fee, a 0% p.a. balance transfer offer for 6 months, with a rewards program including savings on fuel and FlyBuys Points	19.74%	21.99%	0% for 6 months	$0	62
Bankwest Zero Platinum MasterCard	Editor's Choice: No Annual Fee Excellent introductory offer with a $0 annual fee for the life of the credit card and a 1.99% p.a. for 9 months on balance transfers	16.99%	16.99%	1.99% for 9 months	$0	55