American Express Westpac Altitude Platinum

Earn Altitude Rewards points faster, with up to 3 points per $1 spent and 20,000 bonus points when you meet the minimum spend requirement.

The new American Express Westpac Altitude Platinum credit card earns between 1 and 3 Altitude Rewards points per $1 spent – including points for spending at government bodies in Australia (such as the ATO). It also offers complimentary overseas travel insurance and exclusive perks through Amex Offers and Amex Invites.

The American Express Westpac Altitude Platinum is currently only available to existing, eligible customers and offers a bonus 20,000 Altitude Rewards points when you apply by 15 March 2018 and spend $3,000 in the first 3 months. Apply by this date and you’ll also enjoy a waived annual fee in the first year (reverts to $49 p.a.).

Product NameAmerican Express Westpac Altitude Platinum Card - Altitude
Rewards ProgramWestpac Altitude Rewards
Purchase rate (p.a.)20.24% p.a.
Offer end date15 March 2018
Annual fee$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Cash advance rate (p.a.)45% p.a.
Card TypeAmerican Express
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceYes
Minimum Age18 years of age
Available To Temporary ResidentsNo
Credit Rating RequirementGood
Annual fee$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Late Payment Fee$30
Foreign Currency Conversion Fee
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You'll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3%
of transaction value
Additional Cardholder Fee$0

Pros

  • Receive 20,000 bonus Altitude Points when you spend $3,000 within the first 3 months of card approval.
  • Enjoy a $0 annual fee for the first year.
  • Earn up to 3 rewards points for your spending, uncapped.

Cons

  • This card has an interest-free period of only up to days on purchases as compared to other cards that offer up to 55 days interest-free.
Rewards ProgramWestpac Altitude Rewards
Bonus Points20,000 bonus points
Rewards Points per $ spent (AMEX)2
Rewards Points per $ (AMEX) CapUncapped

Review of the American Express Westpac Altitude Platinum Card

Currently only available to existing Westpac Altitude cardholders, this credit card is issued by American Express as part of a new partnership with Westpac. This means you get an Amex card, credit limit and account statement that will be separate to any Westpac Altitude Visa or Mastercard you already have.

Even though it’s issued and managed by Amex, this card earns Altitude Rewards points that go directly into your rewards program account. It offers 3 points per $1 on eligible foreign currency purchases, 2 points per $1 on eligible spending in Australia and 1 point per $1 spent at government bodies in Australia. There’s also no points cap and it includes complimentary insurance for both travel and purchases.

Features and benefits of the American Express Westpac Altitude Platinum Card

These are the benefits you can look forward to with the American Express Westpac Altitude Platinum:

  • Bonus points offer. Enjoy a bonus 20,000 Altitude Rewards points when you apply by 15 March 2018 and spend $3,000 on eligible purchases in the first 3 months from card approval.
  • Waived annual fee. This card has a $0 annual fee in the first year when you apply by 15 March 2018 ($49 p.a. thereafter).
  • Altitude Points per $1 spent. The American Express Westpac Altitude Platinum earns 3 points per $1 spent on foreign currency purchases, 2 points per $1 spent on eligible purchases in Australia and 1 point per $1 spent with government bodies in Australia.
  • Frequent flyer point options. As well as other reward options, you can convert your Altitude Rewards points to five different frequent flyer programs: Virgin Australia Velocity, Air New Zealand Airpoints, Cathay Pacific Asia Miles, Singapore Airlines KrisFlyer and Malaysia Airlines Enrich.
  • Complimentary insurance. The American Express Westpac Altitude Platinum gives you access to complimentary overseas travel insurance, transit accident insurance, purchase security insurance and extended warranty coverage.
  • Amex benefits. Get access to exclusive shopping and lifestyle offers through Amex Offers and enjoy a range of discount and pre-sale ticket offers through Amex Invites.

Rates and fees of the American Express Westpac Altitude Platinum Card

Weigh up these account costs to help you decide if the American Express Westpac Altitude Platinum suits your needs:

  • Annual fee. This card has a standard annual fee of $49.
  • Additional card fee. There is a $0 additional card fee if you want to add a secondary cardholder to your account.
  • Interest rate. The standard variable interest rate for this card is 20.24% p.a.
  • Interest-free days. This card offers up to 45% p.a. days interest-free on purchases when you pay your account balance in full by the due date on each statement.
  • Cash advances. Cash advances are not available on this card.
  • Foreign transaction fee. This card charges a foreign currency fee worth 3% of the transaction amount.

How to apply for the American Express Westpac Altitude Platinum Card

At the moment, you can only apply for the American Express Westpac Altitude Platinum Card if you’re an existing Westpac Altitude customer and receive an invitation. This offer is being sent out via Online Banking, email or in the post and includes a Personal Offer Code you’ll need to quote when you apply.

The American Express Westpac Altitude Platinum offers competitive earn rates and complimentary extras. But as it’s separate to any existing Westpac Visa or Mastercard Altitude Rewards card you may have, make sure you weigh up all the feature before you apply.

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