Bankwest More Gold MasterCard – Rates and Fees

Information verified correct on October 1st, 2016

The Bankwest More Gold MasterCard features rewards points per $1 spent, competitive interest rates, and Gold card benefits including complimentary credit card international travel insurance.

With the More Gold MasterCard from Bankwest you can earn 1.5 points for every $1 spent when you make every day purchases like petrol and groceries, or even when paying your monthly bills. Redeem these reward points for things like gift cards, household items, or even holidays.

Product NameBankwest More Gold MasterCard
Rewards ProgramBankwest More Rewards Program
Balance transfer rate (p.a.)2.99% p.a. for 9 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Standard Balance Transfer Revert Rate (19.99% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)19.99% p.a.
Annual fee$120 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 44 days on purchases
Cash advance rate (p.a.)21.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Minimum Monthly Repayment2% or $20
Card TypeMasterCard
Late Payment Fee$25
Foreign Currency Conversion Fee (MC)2.95% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover3 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Annual Fee$120 p.a.
Minimum Repayment2% or $20
Late Payment Fee$25
Over Limit Fee$30
Cash Advance FeeGreater of 2% or $4.00
Overseas Cash Advance FeeGreater of 2% or $4.00
Overseas Emergency Replacement$0
Overseas ATM Balance check$0
Foreign Currency Conversion Fee (MC)2.95% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders3
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes


  • There are a range of insurance options that are complimentary when you use your card towards paying for your prepaid travel expenses.
  • This has a good rewards program that lets you earn 1.500 reward points for every $1 you spend on eligible purchases.
  • This card comes with a low balance transfer offer of 2.99% p.a. for 9 months.


  • A high annual fee of $120 applies.
Rewards ProgramBankwest More Rewards Program
Rewards Points per $ (VISA/MC)1.5
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) Cap200,000
Rewards Points per $ (AMEX) CapN/A
Points Expiry36 months

Bankwest More Gold MasterCard review

The Bankwest More Gold MasterCard is a gold standard rewards card that allows you to earn reward 1.5 points every time you make an eligible purchase with the card. There is also an introductory balance transfer offer of 2.99% p.a. on credit card balance transfers for 9 months.

The More Gold MasterCard has an annual fee of $120 and has a foreign transaction fee of 2.95% on overseas purchases. This specific credit card has a minimum credit limit of $5,000. While this is the gold version of this card, there are also the classic and platinum versions of the More credit card, which have their own benefits and features and corresponding fees.

Benefits of the Bankwest More Gold MasterCard

  • Introductory rate of 2.99% p.a. on balance transfers for 9 months. With this offer, Bankwest gives you a discount from their regular 19.99% p.a. balance transfer rate. This allows you to save money while you transfer the balance of another credit card to the More Gold credit card.
  • Consolidate debt and save money with balance transfers. When you transfer the balance of another credit card to your More MasterCard, you may be saving money in the long run, especially if the other card’s interest rate is higher than your More card’s rate. Performing a balance transfer will help you pay down your credit card debt faster by consolidating your cards into one bill. Instead of worrying about paying multiple credit card bills, you will only need to think about only one repayment.
  • Earn everyday reward points. Earn 1.5 points for every $1 you spend on eligible purchases using your Bankwest More Gold MasterCard.
  • Complimentary Credit Card International Travel Insurance. As a Gold credit cardholder, you get to take advantage of international travel insurance for trips that last up to 3 months months. You will have unlimited medical and hospital coverage as well as protection from lost, damaged, or stolen property worth up to $15,000. You will also have coverage for delayed baggages and/or car hires.
  • Up to 3 months of free purchase security cover. As a Gold cardholder, you will have access to purchase protection that will cover up to $125,000 a year. This will protect certain purchases from theft, loss, or accidental damage.
  • Extended warranties on purchased items. You can also get extended warranties on items you purchase for up to 12 months. As long as the item you bought has a manufacturer’s warranty, your credit card will protect the item for an additional 12 months.
  • Purchase price guarantees available. Your Bankwest More Gold MasterCard will also provide you with price guarantees. This means that if you buy an item and find a cheaper price for the same item within 21 days, you can get the difference of the two prices. You can make a maximum claim of $1,000 and a minimum claim of $75.

Features of the Bankwest More Gold MasterCard

  • Annual fee. This card attracts an annual fee of $120.
  • Credit limit. Your minimum credit limit for the Bankwest More Gold MasterCard will be $5,000.
  • Free emergency card replacement. If you lose your credit card anywhere in the world, you will have it replaced free of charge.
  • Interest-free days. Up to 44 days interest-free on purchases.
  • Earn points. Buy items and earn points without paying the purchase interest rate during your interest-free days.
  • Optional credit card protection. This optional feature from St. Andrews Credit Card Protection will cover your repayments if you run into a roadblock, like a sudden illness or unemployment. It can even cover your outstanding balances for up to $50,000 in the worst of circumstances.

How to apply for the Bankwest More Gold MasterCard

Before you apply for any credit card, you should check the eligibility criteria to make sure that you won’t be wasting your time filling out the application.

Eligibility criteria

  • You must be at least 18 years of age.
  • You have to be a permanent Australian resident with a valid Australian address.

The application process will take about 15 minutes but you can speed up the process by having the necessary paperwork handy. Once the application is complete, you can have an answer in minutes.

Required documents

  • Two forms of identification are needed. This can be a valid driver’s license, a passport, a Medicare card, or an Australian birth certificate.
  • You’ll need to provide the bank with your employer’s contact information and other employment details, like how long you’ve been working there.
  • You will also have to provide proof of your income in the form of payslips or other relevant financial documents. Best if you also have an itemisation of your financial assets and liabilities.

The Bankwest More Gold MasterCard could be the right choice for you if you are looking to receive reward points towards great gifts. But first, remember to compare this offer with other similar credit card offers to make sure you’re getting the best deal that fits your financial situation.

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4 Responses to Bankwest More Gold MasterCard – Rates and Fees

  1. Default Gravatar
    Ian | July 5, 2016

    what are the precondition disclosure requirements for international travel insurance

    • Staff
      Anndy | July 7, 2016

      Hi Ian,

      Thanks for your comment.

      I’ve sent you an email with a link to Bankwest’s Complimentary Credit Card Insurance booklet where you can check the requirements and eligibility criteria to receive the complimentary travel insurance cover.


  2. Default Gravatar
    swarbrick | October 5, 2011

    do I get car insurance overseas

    • Staff
      Jacob | March 28, 2013

      Hi. Bankwest do not offer car insurance or rental excess cover with their credit card’s insurance policies. ANZ do offer this with some of their cards though. Thanks for writing in and sorry it’s taken an age to reply. Jacob.

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