Westpac Altitude Platinum Credit Card

Offers a competitive 130,000 bonus Altitude Points and a discounted $49 annual fee in the first year. But make sure the perks will justify the annual fee after that.

The Westpac Altitude Rewards Platinum Card earns between 1 and 3 points per $1 on eligible spending, with the highest earn rate offered to flights booked with Qantas or Jetstar. The current introductory offer also gives you enough points to get $450 cashback on your account, with other reward choices including gift cards, retail items and frequent flyer point transfers.

The discounted first-year annual fee can help you save in the short term, but keep in mind that you'll pay a $150 annual fee after that. It also has a 20.49% p.a. variable interest rate for purchases if you’re not eligible for interest-free days. While these costs are in line with similar platinum rewards cards, you should still check that the value you’ll get from points and other perks is worth it after the first year.

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Amy Bradney-George

Last Updated Aug 4, 2021

0% p.a.

Balance transfer rate

for 22 months with 1% balance transfer fee

130,000

Bonus points

20.49% p.a.

Purchase rate

Reward point

Per $ spent

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Details

Product Name	Westpac Altitude Platinum Card
Rewards program	Westpac Altitude Rewards
Balance transfer rate	0% p.a. for 22 months with 1% balance transfer fee
Balance transfer revert rate	Cash Advance Rate (21.49% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	20.49% p.a.
Annual fee	$49 annual fee for the first year ($150 p.a. thereafter)
Interest-free period	Up to 45 days on purchases
Cash advance rate	21.49% p.a.
Min credit limit	$6,000
Max credit limit	$30,000
Card type	Mastercard
Foreign currency conversion fee	3%

Minimum income	$30,000
Available to temporary residents	Yes - Conditions apply
Joint application	No

Pros

130,000 bonus Altitude Points offer
$49 first-year annual fee ($150 p.a. thereafter)
Introductory balance transfer of 0% p.a. for the first 22 months
Earn up to 3 Altitude Points per $1 spent, uncapped
Complimentary travel insurance covers

Cons

A one-time 1% balance transfer fee applies
The standard annual fee of $150 is relatively high
Only offers up to 45 days interest-free on purchases, as opposed to most cards with 55 days
Tiered earn rate makes points potential more difficult to estimate

Rewards program	Westpac Altitude Rewards
Bonus points	130,000
Rewards points per $ spent	1

Annual fee	$49 annual fee for the first year ($150 p.a. thereafter)
Minimum monthly repayment	2% of the closing balance or $10, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	3%
Cash advance fee	2% or $2.50, whichever is greater
Overseas cash advance fee	2%
Additional cardholder fee	$0
Number of additional cardholders	1

Go to Westpac's site More info

Review by

Amy Bradney-George

[email protected]

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Westpac Altitude Platinum Credit Card is suited to points hunters looking for a modest rewards program and competitive annual fee (for this type of card). A key feature of its rewards is that you'll earn higher rates of points per $1 with partnered brands, including Qantas, Jetstar, Uber and Spotify Premium. Meanwhile, your regular spending on groceries and petrol will earn 1 Altitude Point per $1 spent.

The introductory bonus points offer gives you a way to get $450 value if you redeem it for cashback on your account. Altitude Rewards also offers gift cards, retail items, travel rewards and frequent flyer point transfers to Velocity Frequent Flyer, Air New Zealand Airpoints, Asia Miles and Singapore Airlines KrisFlyer. But you have to log in to the Altitude Rewards website to see exactly how many points you need for most rewards. As well as points, this card offers complimentary travel insurance and extended warranty cover for eligible purchases. It doesn’t come with other travel perks like airport lounge passes or vouchers that you can expect with more premium rewards cards – but they often have higher annual fees too.

How to apply

You can apply for the Altitude Platinum Credit Card by filling out the online application and receive a response within 60 seconds. To apply for this credit card, you have to make sure you meet the eligibility requirements first.

Eligibility criteria

Minimum income. You must earn an annual income of at least $30,000.
Residency. You must be a permanent Australian resident or Australian citizen. Please note that those holding a student visa aren't eligible and temporary visa holders must apply through migrant banking.

New customer. To be eligible for the bonus points offer, you cannot hold or have held a Westpac rewards card in the previous 12 months.
Age. You must be at least 18 years of age.
Eligible balance transfer debt. You can transfer from $200 up to 80% of your available credit limit from up to 3 Australian credit, charge or store cards not issued by Westpac.

Required documents

Proof of identification. This can be your Australian driver's licence, Medicare card or Australian passport.
Income and expenses. You'll need proof of your income and financial history, such as payslips or tax documents. You'll also need to provide information regarding any liabilities and dependents.
Employment details. You'll need to list your employer's details like the address and phone number, and proof of any other financial commitments like investment properties.
Balance transfer information. To transfer a balance, you'll need to provide the account numbers of the cards you'd like to transfer, the provider's biller codes and the debt amounts.

Go to Westpac's site More info

Card benefits

130,000 bonus Altitude Points. Apply for the Westpac Altitude Platinum by 30 November 2021 to receive 130,000 bonus Altitude Points when you spend a minimum amount of $3,000 on eligible purchases within 90 days from card approval. As an example, you could redeem these points for $450 cashback on your account (126,900 points for 4 redemptions worth $100 and 1 redemption worth $50). You could also get gift cards, retail items, travel or transfer points to your Velocity Frequent Flyer, Singapore Airlines KrisFlyer, Asia Miles or Air New Zealand Airpoints account. Your bonus Altitude Points will be credited to your account within 12 weeks of meeting the spend criteria.
Discounted first-year annual fee. Save with a reduced annual fee of $49 in the first year, reverting to $150 p.a. thereafter when you apply by 30 November 2021.

Balance transfer offer. Save on interest costs when you pay off existing debt with a 0% p.a. balance transfer offer for 22 months. There is a one-time 1% balance transfer fee for this offer and you must request your balance transfer when you apply for the card. Any remaining balance after the promotional period ends is subject to the variable cash advance rate, currently 21.49% p.a.
Standard earn rates. With your Altitude Platinum credit card, you can earn up to 3 points per $1 spent on eligible purchases. Earn 3 Altitude points per dollar spent (up to $10,000 per calendar month) on flights purchased in Australia directly with Qantas or Jetstar, then 1 point per $1 spent thereafter. Earn 2 Altitude Points per $1 spent on overseas spend and with Spotify Premium, Uber, Uber Eats and Airbnb. Earn 1 Altitude Point per $1 spent on all other eligible purchases (uncapped).
Complimentary insurances. You get a wide range of insurance covers with your platinum credit card. You can benefit from overseas travel insurance that includes medical expenses, lost or damaged property, personal liability, and more. You'll also enjoy transit accident insurance, purchase security insurance and extended warranty coverage.
Mobile Wallets. You can link your Westpac Altitude Platinum credit card with Apple Pay, Samsung Pay or Google Pay to make contactless payments at the checkout with your Apple, Samsung or Android device. You can also pay with your eligible fitness tracker thanks to Fitbit Pay and Garmin Pay.

Rates & fees

Annual fee. Outside of any promotions, this card charges an annual fee of $150.
Interest rates. This credit card charges a variable interest rate of 20.49% p.a. on purchases and 21.49% p.a. on cash advances.

Interest-free period. You will receive up to 45 days interest-free on new purchases when you pay your monthly payment balance listed on your statement in full by the payment due date. Note that these interest-free days are separate from any longer-term interest rate promotions and the monthly payment balance excludes current balance transfers.
Additional cardholder. You can earn points faster by adding 1 additional cardholder for $0.

Go to Westpac's site More info

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165 Comments

Dos
May 16, 2019

Hi, I had this card previously but cancelled it in December last year. Will I still be eligible for the Qantas points if I apply? Thanks!

finder Customer Care

Jhez
May 17, 2019

Hello Dos,

Thank you for your comment.

According to the terms and conditions of Westpac Altitude Platinum Card, existing Westpac customers who currently hold an Earth Platinum, Earth Platinum Plus, Earth Black, Altitude Platinum or Altitude Black credit card, or who have held one in the last 12 months, are not eligible for this offer. Therefore, you’re not eligible to receive the bonus points if you reapply, unfortunately.

Regards,
Jhezelyn

Muhammad
April 19, 2019

What is cancellation fee for this Altitude Platinum credit card? Also if I apply for one more card from other bank, would that effect getting this
Altitude Platinum credit card?

finder Customer Care

Jeni
April 20, 2019

Hi Muhammad,

Thank you for getting in touch with Finder.

There’s no cancellation fee if you cancel this card. If you apply for another credit card from a different bank, it will not affect your application for this card unless there are too many credit enquiries or card applications which results to a low credit limit.

Please make sure though to read the eligibility criteria, features, and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

I hope this helps.

Thank you and have a wonderful day!

Cheers,
Jeni

Maureen
February 28, 2019

With Westpac Altitude Platinum credit card, how many points per $1 do you achieve?

finder Customer Care

Jeni
March 2, 2019

Hi Maureen,

Thank you for getting in touch with Finder.

You’ll earn 1 Altitude Rewards point per $1 you spend on eligible purchases, uncapped.

I hope this helps.

Thank you and have a wonderful day!

Cheers,
Jeni

lozz
March 27, 2018

Eligible purchases do not include fees, cash, cash equivalent transactions, BPAY. Does this means bills (not through bpay) are ineligible?

finder Customer Care

May
March 27, 2018

Hi Lozz,

Thanks for your inquiry.

Yes, that’s correct. If you pay the bills direct from the providers and they would consider it as a “purchase”, then you would earn points for those payments. But when you pay your bills through BPAY, those are not considered as eligible purchases.

Cheers,
May

Lozz
March 27, 2018

Thanks. So paying at a post office is eligible?

finder Customer Care

May
March 27, 2018

Hi Lozz,

Thanks for getting back. Yes, since payments through post office are not excluded. I would also suggest that you contact Westpac to get more information about earning of points on eligible purchases.

Cheers,
May

ShaneM
November 10, 2017

I currently have an American Express Platinum Edge, will that affect my eligibility for this offer? Or will it be fine because it’s a bank issued card?

Jonathan
November 10, 2017

Hi ShaneM,

Thank you for your inquiry.

Existing Westpac customers who currently hold an Altitude Platinum or Altitude Black credit card, or who have held one in the last 12 months are not eligible for this offer.

Kindly refer to Altitude Rewards Terms and Conditions for more information.

Hope this helps.

Cheers,
Jonathan

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