Offers up to 120,000 bonus Altitude Points, a discounted annual fee in the first year and up to 3 points per $1 on eligible spending.
The Westpac Altitude Platinum Credit Card is ideal for those seeking flexible rewards and a competitive annual fee for a platinum card. It offers up to 3 Altitude Points per $1 spent with partnered brands such as Qantas, Jetstar, Uber, and Spotify Premium. New cardholders can earn 90,000 bonus Altitude Points by applying by 30 November 2024 and spending $3,000 on eligible purchases within the first 90 days. Additionally, you can earn another 30,000 bonus points after your first eligible purchase in the second year.
With all the bonus points, you could redeem them for $400 cashback on your account. Altitude Rewards also provides options for 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. To find out the exact points needed for specific rewards, you’ll need to log in to the Altitude Rewards website.
This card includes complimentary travel insurance and extended warranty cover for eligible purchases. In the first year, existing Westpac customers can enjoy a waived annual fee, while new cardholders benefit from a discounted annual fee of $49, which increases to $175 thereafter. This annual fee is competitive with other platinum rewards cards, but make sure to evaluate the overall value from points and benefits to determine if it’s right for you.
Pros | Cons |
|---|---|
Up to 120,000 bonus Altitude Points offer | The standard annual fee of $175 p.a. is relatively high |
First-year annual fee: $49 for new customers or $0 for existing customers | Only offers up to 45 days interest-free on purchases, as opposed to most cards with 55 days |
Earn up to 3 Altitude Points per $1 spent, uncapped | Tiered earn rate makes points potential more difficult to estimate |
Complimentary travel insurance covers |
The Westpac Altitude Rewards Platinum Card earns between 1 and 3 points per $1 on eligible spending, with the highest rate for flights booked through Qantas or Jetstar. It features a 20.99% p.a. variable interest rate on purchases if you don’t qualify for interest-free days. While it lacks some premium travel perks like airport lounge passes or travel vouchers found with higher-end rewards cards, it also comes with a lower annual fee compared to those premium options.
Details of American Express Low Rate Credit Card
Product Name | Westpac Altitude Platinum Card |
Purchase rate p.a. | Purchase rate p.a. 20.99% |
Interest-free period | Up to 45 days on purchases |
Cash advance rate p.a. | 21.99% |
Min credit limit | $6,000 |
Max credit limit | $50,000 |
Card type | Mastercard |
Eligibility
Available to temporary residents | Yes - Conditions apply |
Minimum income | $30,000 |
Joint application | No |
Rewards
Rewards program | Westpac Altitude Rewards |
Bonus points | 120,000 |
Rewards points per $ spent | 1 |
Fee
Annual fee | Annual fee $49 first year ($175 after) |
Minimum monthly repayment | 2% of the closing balance or $10, whichever is greater |
Late payment fee | $15 |
Foreign currency conversion fee | Foreign currency conversion fee 3% |
Cash advance fee | 3% |
Overseas cash advance fee | 2% |
Additional cardholder fee | $0 |
Number of additional cardholders | 1 |
How to Apply
You can apply for the Altitude Platinum Credit Card online and receive a response within 60 seconds. Ensure you meet the eligibility criteria and have all necessary documents ready before starting your application.
Eligibility Criteria
New customers. To qualify for the bonus points offer, you must not have held a Westpac rewards card in the past 12 months.
Minimum income. You need to have an annual income of at least $30,000.
Residency. You must be an Australian citizen or permanent resident. Note that student visa holders are not eligible, and temporary visa holders should apply through migrant banking.
Age. You must be at least 18 years old.
Existing customers. Existing Westpac customers are eligible for the $0 first-year annual fee offer.
Required Documents
Proof of identification. You can use your Australian driver's licence, Medicare card, or Australian passport.
Income and expenses. Provide proof of income, such as recent payslips or tax documents, and details of your financial history. You'll also need to include information about any liabilities and dependents.
Employment details. List your employer’s contact information, including address and phone number. Additionally, provide proof of any other financial commitments, such as investment properties.
This straightforward application process is designed to accommodate Australians searching for an effective credit card solution that manages existing debt efficiently while offering new purchasing power.
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