BankWest Takes The Credit With MasterCard Debit Card

Credit card debt is a huge problem for a lot of Australians. Most people get into trouble when they use their credit card for purchases they can't afford and only make the minimum payment on the balance each month. This leads to an accumulation of interest charges and a credit card bill that can take a long time to pay off.

BankWest customers now have an alternative to using credit cards, with the MasterCard Debit Card.

Using BankWest's MasterCard Debit Card means that you can spend money from your cheque or savings account, so you will not receive a bill at the end of the month.

The MasterCard Debit Card saves you money on interest and is a great way to get your spending under control as you can't spend money that you don't have. You also save by paying no annual fee for the card, although the transaction account that the card is linked to would still carry the usual fees.

BankWest charge no application fee for the MasterCard Debit Card, and there are no fees for domestic transactions. The BankWest MasterCard Debit Card can be used to withdraw cash at ATMs, but the usual rule use a BankWest ATM to avoid foreign ATM fees applies.

As there are over 24 million locations around the world where MasterCard is accepted, the BankWest MasterCard Debit Card allows you a great deal of flexibility when you travel.

If you decide to use your MasterCard Debit Card while travelling overseas, keep it secure, as the Emergency Replacement Fee is $100. Charges apply to transactions made overseas, but this is standard across other banks and lenders.

In an age where making purchases and payments online and over the phone are usually the most convenient ways to pay, a huge advantage to BankWest's MasterCard Debit Card is that it can be used with any merchant that already accepts MasterCard. It's a convenience that comes without the added cost of credit cards, and you can only use the money you already have in your cheque or savings account.

If credit card debt is a problem for you, BankWest's MasterCard Debit Card may be the answer. You have the flexibility to use the card wherever you would usually use your credit card, but have the peace of mind of knowing you are not in danger of racking a bill you can't afford pay.