Bankwest Credit Card Changes From 1 October 2026

Bankwest is rolling out major changes across its credit card portfolio from 1 October 2026, affecting minimum credit limits, points earning rates, and annual points caps. These updates impact both More Rewards and Qantas Points cards, with most changes centred around lower minimum limits and new monthly tiered earn structures.

The Changes

While the changes vary depending on your specific cards. the following key changes are being made

• Minimum credit limits are dropping significantly across most cards.
• Points earning is shifting to monthly tiered thresholds.
• More Rewards cards lose their annual points caps, but earn rates drop after monthly spend tiers.
• Qantas cards see reduced earn rates after lower monthly thresholds.
• High‑spend customers will earn fewer points than before.

The changes across the range of cards is shown below

Bankwest More Rewards Cards

More Classic Mastercard

The More Classic Mastercard keeps its strong base earn rate but introduces a monthly threshold that reduces points for higher spenders.

• Current: 1.5 pts per $1
• From 1 Oct 2026:
  • 1.5 pts per $1 on first $1,000/month
  • 0.3 pts per $1 thereafter
• Points cap: Removed (previously 150,000/year)

This is a win for low‑spend users, but a downgrade for anyone regularly exceeding $1,000/month.

More Platinum Mastercard

The More Platinum Mastercard becomes more accessible with a dramatically lower minimum limit — but introduces a tiered earn structure.

• Current: 2 pts per $1
• From 1 Oct 2026:
  • 2 pts per $1 on first $1,500/month
  • 0.5 pts per $1 thereafter
• Minimum limit: Drops from $6,000 → $1,000
• Points cap: Removed (previously 400,000/year)

High‑spend users will feel the reduction, but the unlimited cap helps soften the blow.

More World Mastercard

The More World Mastercard sees both a lower minimum limit and a new monthly tier.

• Current: 2.5 pts per $1
• From 1 Oct 2026:
  • 2.5 pts per $1 on first $2,000/month
  • 0.5 pts per $1 thereafter
• Minimum limit: Drops from $12,000 → $6,000

This remains the strongest More Rewards card, but the reduced earn rate after $2,000/month is a noticeable downgrade.

Bankwest Qantas Cards

Qantas Classic Mastercard

The Qantas Classic Mastercard sees a reduction in earn rate and the introduction of a monthly threshold.

• Current: 0.3 pts per $1
• From 1 Oct 2026:
  • 0.25 pts per $1 on first $1,500/month
  • 0.1 pts per $1 thereafter

This is a straightforward devaluation, especially for moderate‑to‑high spenders.

Qantas Platinum Mastercard

The Qantas Platinum Mastercard becomes more accessible but earns fewer points after the monthly threshold.

• Current:
  • 0.6 pts per $1 on first $2,500/month
  • 0.3 pts thereafter
• From 1 Oct 2026:
  • 0.6 pts per $1 on first $2,500/month
  • 0.15 pts thereafter
• Minimum limit: Drops from $3,000 → $1,000

The after‑tier earn rate is halved, making this a downgrade for Qantas Point collectors.

Qantas World Mastercard

The Qantas World Mastercard sees the biggest change across the entire portfolio.

• Current:
  • 1 pt per $1 on first $5,000/month
  • 0.5 pts thereafter
• From 1 Oct 2026:
  • 1 pt per $1 on first $3,000/month
  • 0.2 pts thereafter
• Minimum limit: Drops from $12,000 → $6,000

This is a substantial devaluation for high‑spend Qantas Point earners, with both the threshold and the after‑tier rate reduced. That said, if you generally spend less than $3,000 per month, there will be little change.

FInal Words

Bankwest’s 1 October 2026 credit card changes don’t exist in a vacuum. They’re part of a broader shift driven by the Reserve Bank of Australia’s updated credit card regulatory framework which tightened interchange fees. As such, the banks have less fee income to direct toward reward programs.

For Bankwest customers, the result is a mixed bag. Lower minimum limits make several premium cards easier to access, but the introduction of monthly earning tiers means high‑spend users will earn fewer points than before. Everyday spenders may barely notice the changes, while points‑maximisers will likely feel the impact immediately.