Westpac Airpoints World Mastercard March 2021 Review | Rates and Fees | Finder NZ
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Westpac Airpoints World Mastercard Review

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Airpoints Dollars, Status Points, Priority Pass, Concierge Service, Hertz Gold Plus Rewards, valet parking and travel insurance – there sure is a lot packed into this card.

16.95% p.a.

Purchase Rate

$390 p.a.

Annual Fee


Product NameWestpac Airpoints World Mastercard
Rewards ProgramAir New Zealand Airpoints Programme
Balance Transfer Limit95%
Purchase Rate16.95% p.a.
Interest Free PeriodUp to 44 days on purchases
Min credit limit$18,000
Minimum Monthly Repayment2% of transaction value or $5, whichever is greater
Card TypeMastercard
Late Payment Fee$8
Complimentary Travel Insurance Cover120 days
Joint ApplicationYes

While it does have a hefty account fee, the Westpac Airpoints World Mastercard is packed with benefits. This Airpoints credit card gives you the fastest way to earn Airpoints Dollars with a lower required spend than other Westpac cards. And if you spend more than $50,000 in a 6-month period, your account fee for the following 6 months is waived. While you’re earning Airpoints, you also earn Status Points to help you move up the ranks of Air New Zealand’s frequent flyer programme.

As well as being rewarded while you spend, the Westpac Airpoints World Mastercard has a heap of benefits for Kiwis that travel a lot for work or pleasure. You get access to airport lounges around the world, a 24/7 concierge to help you out with bookings and travel arrangements, car rental upgrades, travel insurance and more. There’s a discount on the Koru programme membership for special benefits with Air New Zealand, and the World Mastercard Privileged Access Programme brings you special experiences around the world.

With so many perks, this card is worth considering for frequent flyers who can take advantage of what it has to offer. But with the higher account fee and minimum credit limit of $18,000, make sure that it fits in with your budget and lifestyle before applying.

Benefits of the Westpac Airpoints World Mastercard

  • Earn Airpoints Dollars. You’ll earn 1 Airpoints Dollar for every $65 you spend on your Westpac Airpoints World Mastercard. This is the fastest way to earn Airpoints out of any Westpac credit card. Once you accumulate Airpoints Dollars you can redeem them for rewards such as flights, upgrades, gifts, merchandise, travel insurance and rental cars. Your Airpoints Dollars will never expire as long as you are a current cardholder.
  • Status Points. Move your way up through the membership tiers of Air New Zealand’s frequent flyer programme by earning 1 Status Point for every $225 you spend on your card.
  • Overseas travel insurance. When you use your Westpac Airpoints World Mastercard to prepay for upcoming travel, you can get insurance cover for round trips of up to 120 days. Family travelling with you may also be covered.
  • Koru membership. Air New Zealand’s Koru programme gives you access to Air New Zealand lounges, priority baggage and premium check-in. Your joining fee is waived and you receive a $145 discount off the annual membership rate when you are a Westpac Airpoints World Mastercard holder.
  • Koru valet parking. Each year you’ll receive two Koru valet parking passes to use at Christchurch or Auckland airports.
  • Priority Pass. Relax in over 900 lounges in airports around the world with the included Priority Pass membership.
  • Concierge Service. Your on-call concierge can help you with travel arrangements, restaurant bookings and organising local transport wherever you are in the world.
  • Home Assist. Home Assist will organise tradespeople to come to your home when you have a problem that needs urgent attention.
  • World Mastercard Privileged Access Programme. World Mastercard holders have exclusive entertainment, travel and dining experiences around the world.
  • Car rental upgrades. Included with your Westpac Airpoints World Mastercard is a free Hertz Gold Plus Rewards membership. You’ll also get a free class upgrade when you use your credit card to book.
  • Account fee waiver. If you spend at least $50,000 in a 6-month period, you won’t be an account fee for the following 6 months.

Features of the Westpac Airpoints World Mastercard

  • Interest rate. The interest rate for purchases is 16.95% p.a. An interest rate of 22.95% p.a. applies to cash advances.
  • Account fee. The annual account fee is $390. This is split into two 6-monthly instalments of $195.
  • Minimum credit limit. The Westpac Airpoints World Mastercard has a minimum credit limit of $18,000.
  • Transfer your balance. If you successfully apply to transfer the outstanding balance from an existing credit card, you’ll only pay 5.95% p.a. on that balance until it is paid off.
  • Interest-free days. Enjoy up to 44-days interest-free when you pay off your statement balance in full each month.
  • Mastercard Priceless Cities. Being a Mastercard holder you’ll have access to local and global offers for dining, retail, travel and entertainment.
  • Purchase protection. Purchases made with your Airpoints World Mastercard are covered for up to 90 days if they are accidentally damaged, lost or stolen. You can also extend the manufacturer warranty by 12 months.
  • No overseas transaction fee. When you use an ATM in the Global ATM Alliance the usual $2 transaction fee is waived.
  • Convenient shopping. Connect your Westpac accounts to your Westpac Airpoints World Mastercard so you only need to carry one card. Mastercard PayPass allows you to make contactless payments with a PIN number only required for transactions over $200.

How to apply

Before applying for the Westpac Airpoints World Mastercard, make sure that you meet the eligibility requirements and have the appropriate documentation. You should also check that you understand the rates, fees and terms and compare these with other similar credit cards.

To start your application, visit your local Westpac branch or complete the form on the Westpac website. Applying online takes 5-10 minutes and once you submit your form you can expect to hear back from Westpac within 1-2 working days. If you are an existing Westpac customer, you can apply through your internet banking account.

Eligibility criteria

  • Be at least 18 years of age
  • Be a New Zealand citizen or permanent resident
  • Have an appropriate regular income to be able to meet repayments

Required documents

Westpac will need to verify your identity and income once your application has been approved. To do this you will need to visit a branch with the following documents:

  • Photo ID: A valid passport or driver’s licence
  • Proof of address: A recent bank statement, government-issued letter or utility bill
  • Proof of income: Westpac recommends providing three months’ of bank statements from your main transactional account. This should be the account where your income is credited.

Depending on your individual circumstances, other documentation may be required – for example, if you are a foreign tax resident of another country. Westpac will advise you if this is the case.

Compare other credit cards

Name Product Purchase Rate Interest Free Period Annual fee
Gem Visa Credit Card
25.99% p.a.
Up to 55 days on purchases
6 months interest free on all Visa purchases $250 and over, plus get long-term interest-free deals at retailers nationwide including Apple, Noel Leeming, Mitre 10 and many more.
American Express Airpoints Card
0% for 6 months (reverts to 19.95% p.a.)
Up to 55 days on purchases
Be rewarded with 50 bonus Airpoints Dollars. Simply apply, be approved, and spend $750 on your new Card in the first 3 months of membership. This offer is available to new Card Members only.
American Express Airpoints Platinum Card
19.95% p.a.
Up to 55 days on purchases
Be rewarded with 400 bonus Airpoints Dollars when you apply online by 30 March 2021, are approved, and spend $1,500 on your new Card within the first 3 months. This offer is available to new Card Members only. You will also earn 1 Airpoints Dollar for every $59 you spend on your card.
American Express Platinum Edge Credit Card
2.99% for 6 months (reverts to 19.95% p.a.)
Up to 55 days on purchases
Enjoy a low rate on purchases and earn 20,000 Membership Rewards Bonus Points if you apply, are approved and spend $750 in the first 3 months of Card membership. This offer is available to new Card Members only.

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