American Express Westpac Altitude Platinum Bundle
- Receive up to 75,000 bonus Altitude Points on eligible spend
Offer ends 11 June 2018
Eligibility criteria, terms and conditions, fees and charges apply
Score up to 75,000 bonus Altitude Points when you meet the spend requirement and enjoy the spend power of a Visa and an Amex.
The American Express Westpac Altitude Platinum card bundle offers the flexibility of spending with a Visa and the prestige of an American Express. New cardholders can look forward to bonus points on sign up, Altitude Points for every $1 spent on eligible purchases and extra perks including complimentary travel insurance and access to Amex Invites. This review explains how this card bundle works plus the rates, fees and features you can expect if you apply.
| Product Name | American Express Westpac Altitude Platinum Bundle |
|---|---|
| Rewards Program | Westpac Altitude Rewards |
| Purchase rate (p.a.) | 20.24% p.a. |
| Offer end date | 11 June 2018 |
| Annual fee | $199 p.a. |
| Interest Free Period The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement. | Up to 45 days on purchases |
| Cash advance rate (p.a.) | 20.74% p.a. |
| Card Type | American Express/Visa |
| Foreign Currency Conversion Fee (VISA) 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 |
| 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 Insurance | Yes |
| Minimum Income | $50,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available To Temporary Residents | No |
| Annual fee | $199 p.a. |
|---|---|
| Late Payment Fee | $30 Amex & $15 Westpac |
| Cash Advance Fee | 2% of transaction or a minimum of $2.50 on Visa |
| 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% 3% |
| Additional Cardholder Fee | $0 |
Pros
- Receive 75,000 bonus Altitude Points (60,000 on the Visa and 15,000 on the Amex) when you spend $6,000 ($3,000 on the Visa and $3,000 on the Amex) within the first 90 days of card approval.
- Earn up to 3 rewards points for your spending, uncapped.
- Receive complimentary retail and travel insurance covers.
- Gain access to Amex Offers and Amex Invites.
Cons
- These cards have 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.
- The annual fee of $199 is relatively high.
| Rewards Program | Westpac Altitude Rewards |
|---|---|
| Bonus Points | 75,000 bonus points |
| Rewards Points per $ spent (VISA/MC) | 1 |
| Rewards Points per $ (VISA/MC) Cap | Uncapped |
| Rewards Points per $ spent (AMEX) | 2 |
| Rewards Points per $ (AMEX) Cap | Uncapped |
Review of the American Express Westpac Altitude Platinum Bundle
When you apply for the Westpac Altitude Platinum bundle, you’ll get a Visa card as well as an American Express. You cannot get the American Express card on its own, you can only apply for the Amex card if you already have (or are applying for) the Westpac Altitude Platinum Visa.
This card is linked with the Altitude Rewards program, so you can earn Altitude Points as you spend. If you apply by 11 June 2018 and spend $3,000 on eligible purchases in the first 90 days of approval with your Visa, you’ll get 60,000 bonus points. If you meet the same spend requirement with your American Express, you’ll also score a bonus 15,000 points. That’s a total of 75,000 bonus Altitude points! These rewards come at the cost of a combined $199 annual fee ($150 for the Visa and $49 for the Amex).
Features and benefits of the American Express Westpac Altitude Platinum Bundle
These are the benefits you can look forward to with the American Express Westpac Altitude Platinum Bundle:
- Bonus points. You can earn a total of 75,000 bonus points with this card. When you spend $3,000 on eligible purchases in the first 90 days of approval with your Visa, you’ll get 60,000 bonus points. If you spend $3,000 on eligible purchases in the first 90 days of approval with your Amex, you’ll earn 15,000 bonus Altitude Points. To give you an example, that’s enough points to redeem a David Jones eGift Card (63,000 points) or exchange them for 37,500 Velocity Points. This offer is only available if you apply by 11 June 2018.
- Standard earn rates. With the American Express, you’ll earn 3 Altitude Points per $1 spent on purchases in a foreign currency, 2 Altitude Points per $1 spent in Australia as well as 1 Altitude Point per $1 spent on government transactions (such as ATO bills). On the Visa, you’ll earn 1 Altitude Point per $1 spent.
- Rewards and frequent flyer options. You can redeem your points for merchandise (such as homewares, technology and experiences) from the Altitude Rewards store or exchange them for frequent flyer points with partnered programs including Virgin Australia's Velocity, Cathay Pacific Asia Miles, Air New Zealand Airpoints, Malaysia Airlines Enrich and Singapore Airlines KrisFlyer. You should consider the exchange rates before you move your Altitude Points to frequent flyer points though. For example, you’ll receive 1 Velocity Point for every 2 Altitude Points. If you prefer frequent flyer points, you could also consider the American Express Westpac Altitude Platinum - Qantas bundle.
- Complimentary insurances. You can shop and travel with peace of mind thanks to complimentary retail and travel insurance covers.
- Access to Amex Offers and Amex Invites. Thanks to your American Express card, you’ll get access to exclusive discounts, dining perks with participating restaurants, pre-sale access to concert and events, passes to Amex Invites lounges at specific venues.
- Interest-free days. If you pay your balance in full, you can save on future purchases with up to 45 interest-free days.
Rates and fees of the American Express Westpac Altitude Platinum Bundle
Weigh up these account costs to help you decide if the American Express Westpac Altitude Platinum Bundle suits your needs:
- Annual fee. Each year you’ll pay $150 annual fee for the Visa and $49 for the American Express. That's a combined annual fee of $199 p.a.
- Purchase interest rate. These cards have a purchase interest rate of 20.24% p.a.
- Cash advance interest rate. If you use the Visa to make a cash advance (such as an ATM withdrawal), you’ll be charged 20.74% p.a. You can’t use the American Express to make cash advances.
- Foreign transaction fee. If you use either of these cards overseas or to shop online with an international merchant, you’ll be charged a foreign currency fee worth 3% of the transaction amount.
- Additional card fee. There is $0 additional card fee if you want to add a secondary cardholder to your account.
How to apply for the American Express Westpac Altitude Platinum Bundle
If you’re already an existing Westpac Altitude Platinum card customer, you can only apply for the Amex 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 are a new Altitude Platinum customer, you can only apply for the American Express card if you also apply for the Visa card.
The American Express Westpac Altitude Platinum offers competitive earn rates and complimentary extras. But as it’s not the only rewards card on the market, it’s best to compare a few options before you apply. Although this card is bundled with the two platinum products together, you can apply for the Westpac Altitude Black and the American Express Westpac Altitude Platinum bundled together or vice versa depending on the perks you want from your card and the eligibility criteria you satisfy.
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Does this card allow access to airport lounges?
Hi Tammy!
Thanks for your message and for contacting finder.
The American Express Westpac Altitude Platinum does not have access to airport lounges.
Hope this helps!
Regards,
Nikki
What points will be received on the AMX Westpac Altitude Platinum card for purchases from Aust Post?
Hi May
Thank you for your reply. My question is, if I use the new American Express Altitude Platinum card to purchase Australia Post products, how many Altitude points per dollar spent.
Thank you
Regards,
Russell
Hi Russell,
Thanks for getting back. Yes, that’s correct. If you pay direct to the post office and they will treat it as a purchase, you will earn points for that transaction. The ratio is 2 Altitude Rewards points per dollar spent.
Cheers,
May
Hi Russell,
Thanks for your inquiry.
Depending on which rewards you would opt in to or a member of, you can earn Qantas points or Altitude Rewards on your eligible purchases. You may need to contact Westpac to confirm the rewards program you’ll choose.
Cheers,
May
How do I apply for the new American Express Platinum Card before 15th March 2018 ?
Hi Carol,
Thank you for your comment.
For now, you can only apply for the American Express Westpac Altitude Platinum Card if you’re an existing Westpac Altitude customer.You will receive an invitation via Online Banking, email or in the post. This includes a Personal Offer Code that you’ll need to quote when you apply.
Regards,
Jhezelyn