Westpac Airpoints World MasterCard Credit Card

Gold Award

The Westpac Airpoints World MasterCard Credit Card is a rewards credit card that is a touch of everything including Airpoints, a relatively low interest rate of 16.95% and a balance transfer offer of 5.95% for life of balance transferred. The Airpoints earn rate is a bit complicated with two tiers of earn rates which seems to penalise you for spending more on your card. The annual fee is a bit hefty but might be worth it considering all the benefits you get. Although the Airpoints earn rate is decent it is less than what you get with the Amex Airpoints Platinum card. We encourage you to compare all the Airpoints credit cards on our site before you make your decision.

The Westpac Airpoints World MasterCard Credit Card benefits include:

Earn 1 Airpoints Dollar for every $95 spent on your card up to (and including) $15,000 then 1 Airpoints Dollar for every $190 spent on your card each month
Earn one Status Point for every $225 you spend on your card on eligible purchases
Two complimentary Valet Parking eVouchers each year
Priority Pass lounge access to over 1,500 airport lounges around the world
Koru membership joining fee waived, plus get a $145 discount off a 12-month individual membership
Up to 120 days of overseas travel insurance per round trip
Extended Warranty Insurance of up to 12 months for goods purchased on your Airpoints World Mastercard, plus 90 days Purchase Protection that could cover loss, theft or accidental damage
200 Airpoints™ Dollars Advance available to you if you’re a little short on what you need for a reward

Rewards Points Cash Equivalent

Up to $15,000 spend:

$100 spend earns you $1.05 cash-equivalent^.

Over $15,000 spend:

$100 spend earns you $0.52 cash-equivalent^.

^ To help you compare reward points across different credit cards and rewards programs, we provide an estimate of the cash-equivalent of the reward points that you will get back for every $100 you spend on eligible purchases with your card. The cash equivalent value given is an estimate only based on a specific redemption example. In some cases reward points cannot be redeemed for cash directly. See below to find out how the estimate was calculated.

Points Cash Equivalence Calculation

If 1 Airpoints Dollar equals $1 NZD when redeemed with Air New Zealand or through the Airpoints store and every $95 spend (for up to $15,000 spend) earns you 1 Airpoints Dollar then $100 spend earns you (100/95) = $1.05 Airpoints Dollars or $1.05 cash-equivalent. Similarly, if every $190 spend (for above $15,000 spend) earns you 1 Airpoints Dollar then $100 spend earns you (100/190) = $0.52 Airpoints Dollars or $0.95 cash-equivalent

Key Features

Purchase Rate: 16.95%
Cash Advance Rate: 22.95%
Balance Transfer: 5.95% for life of balance transferred
Annual Fee: $310 per year Paid in two 6-monthly instalments of $195
Interest Free Days: 44 days
Minimum Repayment:
Card Reward Details: Earn 1 Airpoints Dollar for every $95 spent on your card up to $15,000 then 1 Airpoints Dollar for every $190 spent on your card each month
Credit Limit:
Other Fees:

IMPORTANT NOTE: please review the credit card details on the provider's website again before applying.

Westpac Airpoints World MasterCard Credit Card Review

Pros and Cons

We've compiled below the pros and cons of the Westpac Airpoints World MasterCard Credit Card to help you decide.

Pros

Earn 1 Airpoints Dollar for every $95 spent on your card up to $15,000 then 1 Airpoints Dollar for every $190 spent on your card each month
Earn one Airpoints Status Point for every $225 you spend on your card on eligible purchases
Get Priority Pass membership lounge access to over 1,500 airport lounges around the world
Waived Koru membership joining fee, plus $145 discount off a 12-month individual membership
Get up to 120 days of overseas travel insurance per round trip
Extended Warranty Insurance of up to 12 months for goods purchased on your card, plus 90 days Purchase Protection that could cover loss, theft or accidental damage
200 Airpoints™ Dollars Advance available to you if you’re a little short

Cons

Airpoints earn rate is less than the Amex Airpoints Platinum Card
Relatively high annual fee which can be offset by the travel benefits offered
Airpoints earn rate drops to 1 Airpoints for every $190 spent once you spend over $15K (strangely penalising customers who spend more)

What we like about the Westpac Airpoints World MasterCard

Reward Program

The Westpac Airpoints World MasterCard offers a decent Airpoints earn rate even though it is less than the Amex Airpoints Platinum credit card it is better than many other Airpoints credit cards out there.

Travel Benefits

One of the standout features of this card is the comprehensive travel insurance that comes with it. This includes coverage for medical emergencies, trip cancellations, and lost luggage. Additionally, the card offers access to exclusive airport lounges with a complimentary Priority Pass membership providing a more comfortable travel experience.

Airpoiints Advance

The 200 Airpoints™ Dollars Advance available to you if you’re a little short on what you need for a reward is a nice touch

Airpoiints Status Points

Aside from Airpoints, we like the fact that this card also allows you to earn Airpoints status points which means that you can earn enough points attain a Silver, Gold or Elite tier unlocking a lot of benefits from Air New Zealand and its partners.

What is not so great about the Westpac Airpoints World MasterCard

High Annual Fee

The Westpac Airpoints World MasterCard comes with a high annual fee. For many users, the card only starts to justify its cost after spending $13,750 annually. This can be a significant drawback if your spending does not reach this threshold, but if you are frequent flyer then the benefits such as complimentary travel insurance and Priority Pass membership might make it worth it.

Lower Earn Rate

Although the Westpac Airpoints World MasterCard offers a better earn rate that other Airpoints Credit Cards, it offers a lower earn rate than the American Express Airpoints Platinum Credit Card, and the lower earn rate after $15K spend appears to penalise customers who spend too much with a lower earn rate which is strange.

Comparing Westpac Airpoints World MasterCard with AMEX Airpoints Platinum

Earning Rates Comparison

When comparing the Westpac Airpoints World MasterCard and the Amex Airpoints Platinum Credit Card, one of the key differences lies in their Airpoints Dollar earning rates. With the AMEX Airpoints Platinum, you earn 1 Airpoints Dollar for every $70 spent. In contrast, the Westpac Airpoints World MasterCard offers 1 Airpoints Dollar for every $95 spent, up to a monthly cap of $15,000 then it goes down to 1 Airpoint for very $190 spent.

Fee Structures

The Westpac Airpoints World MasterCard Credit Card has a higher annual fee compared to the Amex Airpoints Platinum Card.

Is the Westpac Airpoints World MasterCard Right for me?

Deciding if the Westpac Airpoints World MasterCard suits your needs depends on several factors. Consider your spending habits, travel frequency, and personal financial goals to make an informed choice.

Spending Habits

Evaluate your monthly and yearly spending. The card has a high annual fee, and you need to spend at least $13,750 annually to start covering this cost. If your spending is lower, you might not get the full value from this card.

Travel Frequency

This card offers travel benefits like overseas travel insurance. If you travel often, these perks can be valuable. However, if you rarely travel, these benefits might not justify the high annual fee.

Personal Financial Goals

Think about your financial goals. If earning Airpoints Dollars is a priority, compare this card with others like the AMEX Airpoints Platinum. The AMEX card offers higher earning rates and additional perks, which might align better with your goals.

In general, we recommend comparing all credit cards on our website to help you make an informed decision.

Frequently Asked Questions

What is the Westpac Airpoints World MasterCard?

The Westpac Airpoints World MasterCard is a credit card that lets you earn Airpoints Dollars when you spend. These points can be used for flights and other rewards.

Who can apply for the Westpac Airpoints World MasterCard?

To apply, you need to be at least 18 years old, a New Zealand resident, and meet certain income and credit score requirements.

What are Airpoints Dollars?

Airpoints Dollars are points you earn by using your Westpac Airpoints World MasterCard. You can spend them on flights, upgrades, and other travel-related rewards.

Does the card offer travel insurance?

Yes, the Westpac Airpoints World MasterCard comes with travel insurance benefits, which can cover things like medical emergencies and lost luggage.

Are there any fees with this card?

Yes, there are annual fees and possibly other charges like interest rates if you don't pay off your balance each month.

How does the Westpac Airpoints World MasterCard compare to the AMEX Airpoints Platinum?

Both cards earn Airpoints Dollars but have different earning rates, fees, and additional benefits. It's best to compare these factors to see which card suits you better.

Eligiblity for this Card

Your eligibility for this card would depend on a few criteria listed below. When you apply for a Westpac credit card, Westpac would ask you a few questions about the following criterias to determine your eligibility.

Income
Expenses
Debts
Assets
Savings
Investments

You have to be a New Zealand permanent resident, and have a good credit history to apply for a Westpac Credit Card.

Documents:

In general the following documents are usually required for credit card applications.

Proof of Income

One of the following:

your most recent payslip or salary notice
copies of bank statements that show your pay or salary deposits
a letter from your employer confirming your income
an Inland Revenue Department (IRD) “summary of earnings” notice.

If you’re self-employed, you must supply:

signed financial statements for the past two years
a signed personal Statement of Financial Position
your personal tax return.

Proof of Identity:

A copy of one or two items from List 1. If you provide only one item from List 1, you must also provide one item from List 2.

List 1:

Current passport
New Zealand drivers licence
18+ card
Photo Credit Card

List 2:

Most recent bank statement
Debit card
Credit card
Community services card
Club or society card.

Are you interested in a balance transfer? Compare ALL balance transfer credit cards on our balance transfer NZ page.

More Info »

Apply Now »

What is the best credit card in New Zealand?

We've been asked this question a lot so we have compiled our pick of the best credit card in NZ but keep in mind that the best credit card for you depends on your personal circumstance and needs. To find the best credit card for you, we recommend that you compare all credit cards in NZ on our website or narrow down your search by popular credit card types as shown below. Use the top menu of the page to select more credit card types.