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Bankwest Business Large Rewards Mastercard
Bankwest Business Large Rewards Mastercard

Bankwest Credit Cards

Bankwest Business Large Rewards Mastercard

Updated 4 December 2019

Points Earn Rate (per $1 spent)

1

point

Business

Rewards Program

Business Rewards

Bonus Points

28,000 pts

Spend $2,500 within 3 months

0 points over 12 months spend

My monthly card spend

Pros and cons

  • Introductory bonus points offer
  • Up to 3 additional cardholders at no extra cost
  • $99 annual fee

  • No complimentary insurances
  • No frequent flyer points earn
  • $35 late payment fee

Creditcard.com.au review

Editor Review

Bankwest Business Large Rewards Mastercard

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Bankwest Business Large Rewards Mastercard

Some business credit cards can seem somewhat daunting, filling your head with talk of complicated rewards programs and complex features. The Bankwest Business Large Rewards Mastercard, however, does things a little bit differently.

As a business rewards card, it certainly offers a rewards program – but it’s a pretty simple one to understand. Aside from that, there are no convoluted features to get your brain around. This is simply a card that concentrates on the basics, while keeping things as affordable as possible.

What we love...

While it may be somewhat basic, the Bankwest Business Large Rewards Mastercard does have a very nice introductory bonus points offer on the table right now.

To be entitled to the offer, all you need to do is spend at least $2,500 on eligible purchases within three months of the account opening, and you will be credited with 28,000 Business Rewards introductory bonus points.

On a day-to-day basis, you can use your card to earn rewards points on your business spending, with an earn rate of 1 point for every $1 spent on eligible purchases. Points earned can then be redeemed for gift cards, merchandise and other office essentials.

Putting aside the rewards program, there is one other major feature on this card that we appreciate. While it may not be a full-blown low cost card, the Bankwest Business Large Rewards Mastercard can help you to keep costs low.

With an annual fee of $99, it’s obviously not the cheapest option in town. But, it is affordable. It’s worth bearing in mind that for that fee, you are getting the opportunity to earn rewards back on your spending, with a few other handy features thrown in as well.

In terms of interest costs, this card is not a low rate card. However, it does have one ongoing rate for both purchases and cash advances, and while this rate is not at the lowest end of the scale, it’s also not at the highest.

It is possible to avoid those interest charges entirely, of course, by avoiding the cash advance feature and by paying off the balance of the card in full at the end of each statement period.

What’s not so great...

Bankwest doesn’t give us too much to complain about with the Bankwest Business Large Rewards Mastercard. But, if you want to be picky, you might choose to look at the rewards program on offer.

If you want to earn big rewards on big rewards programs such as Qantas Frequent Flyer or Virgin’s Velocity, you’ll need to find a card that offers a higher earn rate on those big name programs.

To work out whether this card does offer value in its rewards program, all you need to do is weigh up how much you are paying out on the card against the value of the rewards you get in return.

Why should you choose this card?

When comparing credit card options in order to discover a card’s true value, it’s generally a good idea to look at the features on offer. Aside from its rewards program, the Bankwest Business Large Rewards Mastercard provides a number of useful features.

These include easy cardholder management, providing up to three additional cardholders consolidated into one account and one payment, improved cashflow with up to 55 days interest free on purchases, and a credit limit ranging between $2,000 and $50,000.

Overall Rating

A basic business rewards card that earns points on Bankwest’s Business Rewards program, offering several convenient features and an introductory offer of 28,000 bonus points.

User reviews

Bankwest Business Large Rewards Mastercard ( based on 1 Creditcard.com.au user review )

58% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 18.50% p.a.

Cash advance rate 18.50% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 18.50% p.a.

Balance transfer revert rate 18.50% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

Balance transfer limit N/A

Banks you can't balance transfer from Bankwest

Credit limits

Minimum credit limt $2,000

Maximum credit limit $50,000

Fees & repayments

Annual fee $99 p.a.

Additional card holder fee Up to 3 at no extra cost

Foreign transaction fee 2.95%

Minimum repayment 2%

Cash advance fee 2%

Late payment fee $35

Rewards and points

Rewards program

Rewards Program Business Rewards Business Rewards

Bonus points 28,000 points

Annual points cap uncapped

Bonus points spend criteria Spend $2,500 within 3 months

Earning points with this card

Business Rewards points 1 point per $1 spent

Points cap per month N/A

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Overview

Bankwest Business Large Rewards Mastercard

Get 28,000 bonus points on a new Bankwest Business Large Rewards Credit Card when you apply, are approved and spend at least $2,500 on eligible purchases within 3 months of card approval. The card comes with an earn rate of 1 point for every $1 spent on eligible purchases. Points earned can then be redeemed for gift cards, merchandise and other office essentials. The annual fee is $99 and you can add up to 3 additional cardholders at no cost.

Key features

  • 28,000 bonus points on a new Bankwest Business Large Rewards Credit Card when you apply, are approved and spend at least $2,500 on eligible purchases within 3 months of card approval
  • Earn 1 point for every $1 spent on eligible purchases
  • Redeem points for gift cards, merchandise and other office essentials
  • $99 Annual card fee and add up to three additional cardholders
  • Up to 55 days interest free on purchases
  • 18.50% p.a. on balance transfers, cash advances and purchases

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Australian permanent residents. No overdue debt with the ATO

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

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