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American Express Westpac Altitude Black Bundle – Velocity

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Boost your points balance with up to 120,000 bonus Velocity Points.

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.


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


Product NameAmerican Express Westpac Altitude Black Bundle - Velocity
Rewards programVelocity Frequent Flyer
Purchase rate (p.a.)20.24% p.a. (AMEX)

20.49% p.a. (Visa/MC)
Annual fee$499 p.a.
Interest-free period45 days
Cash advance rate (p.a.)21.49% p.a.
Min credit limit$18,000
Card typeMastercard
American Express
Foreign currency conversion fee (Visa/Mastercard)3%
Foreign currency conversion fee (American Express)3%
Complimentary travel insuranceYes
Minimum Income$75,000
Minimum age18 years of age
Available to temporary residentsNo
Joint applicationNo


  • Up to 120,000 bonus Velocity Points offer
  • 2 complimentary Economy X Seat Upgrade Vouchers each year
  • 4 complimentary lounge passes each year


  • Charges a very high combined annual fee of $499
  • Offers only to 45 days interest-free on purchases, compared to other cards that offer up to 55 days
Rewards programVelocity Frequent Flyer
Bonus Points120,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)0.75
Rewards Points per $ spent (AMEX)1.25
Annual fee$499 p.a.
Foreign currency conversion fee (American Express)3%
Foreign currency conversion fee (Visa/Mastercard)3%

Expert review

Amy Bradney-George

Review by

Amy Bradney-George is the acting editor for Finder X and a senior writer for credit cards and Finder Green. She has more than 13 years' experience as a journalist and writer, with bylines in publications including The Equity Magazine, The Sydney Morning Herald, ABC News and produce industry website FreshPlaza. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not putting (virtual) pen to paper, she 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 Los Angeles in Business class (95,500 points).

While the earn rates are relatively competitive for a Velocity product, you’ll need to factor in how much you spend and where to evaluate the potential rewards you could redeem against the bundle’s very high annual fee. The lounge passes and seat upgrades can also help to offset the cost, but only if you actually use them every year.

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. To be eligible for the bonus points offer, you cannot hold or have held a Westpac rewards card in the previous 12 months.
  • Residency. This card is available to permanent Australian residents.

Card benefits

  • Bonus Velocity Points. With the Mastercard, you'll earn a bonus 90,000 Velocity Points when you spend $4,000 on eligible purchases in the first 90 days from account opening. You will get another 30,000 Velocity Points when you make your first eligible purchase in the second year.
  • Uncapped points. The American Express card offers 2 Velocity Points per $1 on eligible purchases made in a foreign currency, 1.25 Velocity Points per $1 on eligible spending in Australia and 0.5 points per $1 on eligible spending with government bodies in Australia. The Mastercard offers 0.75 Velocity Points per $1 spent on eligible purchases. Both cards have uncapped earn rates.

Rates & fees

  • Annual fees. This bundle comes at the cost of a $499 total annual fee. $199 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.
  • 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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