American Express Westpac Altitude Black Bundle – Velocity

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Boost your points balance with up to 120,000 bonus Velocity Points and 75 Velocity Status Credits with this dual-card offer.

The American Express Westpac Altitude Black credit card bundle gives you a way to earn Velocity Frequent Flyer points with both an American Express credit card and a Mastercard.

120,000

Bonus points

20.49% p.a.

Purchase rate

American Express: 20.24% p.a.
Mastercard: 20.49% p.a.

Up to 1.25

Reward points per $

American Express: 1.25
Mastercard: 0.75

$499 p.a.

Annual fee

Details

Product NameAmerican Express Westpac Altitude Black Bundle - Velocity
Rewards ProgramVelocity Frequent Flyer
Purchase RateAmerican Express: 20.24% p.a.
Mastercard: 20.49% p.a.
Annual Fee$499
Interest Free Period45 days
Cash Advance Rate21.49% p.a.
Minimum Credit Limit$18,000
Card TypeMastercard
American Express
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Foreign Currency Conversion Fee (American Express)3% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$75,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • Up to 120,000 bonus Velocity Points (80,000 on the Mastercard and 40,000 on the Amex).
  • Up to 75 Velocity Status Credits (50 on the Mastercard and 25 on the Amex)
  • 2 complimentary Economy X Seat Upgrade Vouchers each year.
  • 4 complimentary lounge passes each year

Cons

  • There is an interest-free period of only up to 45 days on purchases as compared to other cards that offer up to 55 days interest-free.
  • This bundle charges a relatively high annual fee of $499 (includes $50 Altitude Velocity fee).
Rewards ProgramVelocity Frequent Flyer
Bonus Points120,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)0.75
Rewards Points per $ spent (American Express)1.25
Annual Fee$499
Foreign Currency Conversion Fee (American Express)3% of transaction value
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value

Expert review

Amy Bradney-George

Review by


Amy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

The American Express Westpac Altitude Black bundle's introductory offer presents more than enough points to book an overseas flight. As an example, you could use 120,000 Velocity Points to fly return from Sydney to Melbourne three times (93,000 points) in Business Class, or from Melbourne to Hong Kong in Business class (119,000 points).

How to apply

You can apply online in about 10 minutes and will receive a response in 60 seconds. For this two-card bundle, you submit only one application to Westpac and then your information is passed on to American Express. Before you apply, make sure you meet the eligibility requirements and have the necessary documents on hand:

If you're an existing Westpac Altitude Platinum or Black card customer, you can apply for the American Express card if you've been invited to via Online Banking, email or post. If you were invited, you should've received a promotional code which you can use to apply. If you don't have the card, you can only apply for the American Express when you also apply for the Mastercard.

Eligibility criteria

  • New customer. The bonus points offer is only available to new cardholders.
  • Residency. This card is available to permanent Australian residents.

Card benefits

  • Bonus Velocity Points. This bundle offers up to 120,000 Velocity Points when you apply by 15 October 2019 and meet the spend requirements for each card. With the Mastercard, you'll earn a bonus 80,000 Velocity Points when you spend $4,000 on eligible purchases in the first 90 days from account opening. You will get another 40,000 Velocity Points when you use the Amex card to make $3,000 worth of eligible purchases in the first 90 days.
  • Status Credits. Separate to the bonus points promotion, you will earn 50 Velocity Status Credits when you spend an additional $6,000 on your Mastercard within the first year. Get another 25 status credits when you spend $3,000 using your American Express card within the first 90 days from card approval. These bonus credits get you 30% of the way to Silver Status.

Rates & fees

  • Annual fee. This bundle comes at the cost of a $199 annual fee for the American Express card and a $250 annual fee for the Mastercard. There is also a $50 annual fee for choosing Altitude Velocity which is applied to the Mastercard account. This means you'll pay a total of $499 p.a. per year for this two-card option.
  • Purchase rate. The Mastercard charges a variable purchase interest rate of 20.49% p.a. and the American Express purchase rate is 20.24% p.a.

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