Bankwest credit cards are changing from 1 October 2026. Nearly every card in the range gets a lower minimum credit limit, restructured points earning, and a new travel insurance provider. Canstar and CreditCard.com.au both updated their Bankwest pages in the last three weeks. Neither one mentions it. Here’s what’s actually changing, why, and the full current Bankwest card range.
Quick Answer: Bankwest Credit Cards
Bankwest offers nine Mastercard credit cards. They split into two ranges: low-fee and balance-transfer cards (Breeze, Zero), and rewards cards (More, Qantas). From 1 October 2026, most cards get a lower minimum credit limit, a new tiered points structure, and a switched travel insurance provider. Annual points caps disappear too. The Reserve Bank of Australia’s updated interchange-fee framework drives these changes. If you hold a Bankwest card now, the changes apply to you automatically. There’s nothing to opt into or out of.
What’s Changing From 1 October 2026
Bankwest confirmed these changes directly on its own site. Every affected card keeps its annual fee and headline features. What moves is the fine print that determines how many points you actually earn and how much credit you’re offered on a new application.
| Card | Minimum credit limit | Points earning change |
|---|---|---|
| More Classic Mastercard | unchanged | 1.5 pts/$1 on first $1,000/month, then 0.3 pts/$1 — annual cap of 150,000 points removed |
| More Platinum Mastercard | $6,000 → $1,000 | 2 pts/$1 on first $1,500/month, then 0.5 pts/$1 — annual cap of 400,000 points removed |
| More World Mastercard | $12,000 → $6,000 | 2.5 pts/$1 on first $2,000/month, then 0.5 pts/$1 |
| Qantas Classic Mastercard | unchanged | 0.25 Qantas Points/$1 on first $1,500/month, then 0.1/$1 — down from a flat 0.3/$1 |
| Qantas Platinum Mastercard | $3,000 → $1,000 | 0.6 Qantas Points/$1 on first $2,500/month, then 0.15/$1 — the after-threshold rate is cut in half |
| Qantas World Mastercard | $12,000 → $6,000 | 1 Qantas Point/$1 on first $3,000/month, then 0.2/$1 — previously $5,000 at 1 point, then 0.5 |
| Zero Platinum & Breeze Platinum Mastercard | $6,000 → $1,000 | no points program on these cards |
Reading this table, the pattern is clear. Higher spending in a single month now earns much less. Every card’s bonus-rate threshold caps out early. A big monthly spend used to earn the old flat or high-tier rate all the way through. Lower minimum credit limits are different. They mostly affect new applicants, not existing cardholders. Bankwest hasn’t said it’s cutting limits on cards already open.
Why These Bankwest Credit Cards Changes Are Happening
New Reserve Bank rules on card fees drive Bankwest’s changes. Interchange fees are what a card issuer earns each time you tap or swipe. The RBA is tightening what banks can charge shops per transaction. That cuts the bank’s revenue on every purchase. So issuers often rework points programs into tiered, capped-per-month earning instead. It’s a common way to claw back some of that lost margin. And it’s done without technically cutting the headline earn rate on the front page.
None of the major comparison sites currently connect these two facts for readers. Understanding the “why” matters if you’re deciding whether to keep a Bankwest card or switch. This isn’t a Bankwest-specific cost-cutting move. It’s an industry-wide response to a regulatory change. Other issuers are likely to follow a similar path over time.
Travel Insurance Provider Switch
Complimentary travel insurance on eligible Bankwest cards moves to a new provider from 1 October 2026. Cover-More/Zurich hands over to Cover Genius/Allied World. Some benefits are restructured under the new provider. Bankwest is adding a new baggage delay benefit too. Check the new policy wording before you travel after the switch date, if you have a trip booked on the strength of your card’s travel insurance. Coverage details aren’t identical to the old policy.
The Full Range of Bankwest Credit Cards
Beyond the changes above, here’s the current lineup by category.
Low fee / balance transfer: Breeze Mastercard, Breeze Platinum Mastercard, Zero Credit Card, Zero Platinum Mastercard. These are built for carrying a balance affordably or consolidating debt via balance transfer, not for earning rewards.
Rewards: More Classic, More Platinum, and More World Mastercard. Flexible points redeemable across a range of retail and travel options, with the earning changes above applying from October.
Frequent flyer: Qantas Classic, Qantas Platinum, and Qantas World Mastercard. Points convert directly to Qantas Frequent Flyer points. Useful if you’re already collecting for flights, at the reduced after-threshold rates shown above from October.
Which Bankwest Credit Card Should You Get?
If you’re carrying a balance month to month, a rewards or frequent flyer card is the wrong pick regardless of the points changes. The interest cost outweighs any points earned. Breeze or Zero fits that situation better. Pay your balance in full each month and spend moderately? The new tiered earning structure still rewards your first $1,000-2,000 of monthly spend at a decent rate. High spenders chasing points past that threshold lose out most from the October changes. Frequent flyer cards make sense only if you’re already collecting Qantas points and would use them regardless of which card earns them.
FAQ: Bankwest Credit Cards
What is changing with Bankwest credit cards in October 2026?
Most cards get lower minimum credit limits on new applications and a restructured tiered points system with annual caps removed. There’s also a new travel insurance provider — Cover Genius/Allied World replaces Cover-More/Zurich, effective 1 October 2026.
Why is Bankwest changing its credit cards?
The Reserve Bank of Australia’s updated interchange-fee framework reduces what Bankwest earns per transaction. Restructuring points programs is a common industry response to that kind of regulatory change.
Do I need to do anything if I already have a Bankwest card?
No. The changes apply automatically to existing cardholders where relevant (points earning, travel insurance). Minimum credit limit changes mainly affect new applications, not existing accounts.
Does Bankwest have a no annual fee credit card?
Bankwest’s Breeze and Zero range are built as low-fee, low-rate cards rather than rewards cards — check the current fee schedule on Bankwest’s own site, since fees aren’t part of the October changes.
What’s the best Bankwest credit card for frequent flyer points?
The Qantas World Mastercard earns the highest per-dollar rate before the monthly threshold, but its after-threshold rate is cut in the October changes — it suits moderate, consistent spenders more than one big monthly purchase.
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