American Express Westpac Altitude Platinum Bundle – Velocity

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Receive up to 75,000 bonus Velocity Points, earn up to 1.5 Velocity Points per $1 on eligible purchases and save with a discounted first year annual fee with this card bundle.

The American Express Westpac Altitude Platinum Velocity card bundle offers the flexibility of a Mastercard and the prestige and higher points earn rate of an American Express.


Bonus points

20.49% p.a.

Purchase rate

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

Up to 1

Reward points per $

American Express: 1
Mastercard: 0.5

$200 p.a.

Annual fee

for the first year ($249 p.a. thereafter)


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

20.49% p.a. (Visa/MC)
Annual fee$200 p.a. annual fee for the first year ($249 p.a. thereafter)
Interest Free Period45 days
Cash advance rate (p.a.)21.49% p.a.
Min credit limit$9,000
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$50,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo


  • 75,000 bonus Velocity Points (60,000 on the Mastercard and 15,000 on the Amex) when you spend $3,000 on each card within the first 90 days
  • Discounted annual fee of $200 in the first year
  • 2 complimentary Economy X Seat Upgrade Vouchers each year
  • Complimentary retail and travel insurance covers


  • Mastercard earn rate of 0.5 points per $1 spent is low
  • Interest-free period of only up to 45 days on purchases as compared to other cards that offer up to 55 days interest-free
  • Combined annual fee of $249 is high, even compared to other platinum card offerings
Rewards ProgramVelocity Frequent Flyer
Bonus Points75,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)0.5
Rewards Points per $ spent (AMEX)1
Annual fee$200 p.a. annual fee for the first year ($249 p.a. thereafter)
Foreign Currency Conversion Fee (American Express)3% of transaction value
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Cash Advance Fee2% or $2.50, whichever is greater
Additional Cardholder Fee$0

Expert review

Sally McMullen

Review by

Sally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

The American Express Westpac Altitude Platinum bundle's introductory offer presents more than enough points to book an overseas flight. As an example, you could use 75,000 Velocity Points to fly return from Sydney to Auckland (71,000 points) in Business Class, or for three return flights from Melbourne to Brisbane in economy (70,800 points).

While the earn rate for domestic purchases on the American Express is competitive at 1 point per $1 spent, the 0.5 points / $1 spent rate on the Mastercard is less so. You’ll need to factor in how much you spend and where to evaluate the potential rewards you could redeem against the bundle’s annual fee.

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 points. You can earn a total of 75,000 bonus Velocity Points with this bundle offer. When you apply by 31 March 2020 and spend $3,000 on eligible purchases in the first 90 days of approval with your Mastercard, you'll get 60,000 bonus Velocity points. If you meet the same spend requirement with your Amex, you'll earn another 15,000 bonus points. Bonus points will be credited to your account within 12 weeks of meeting the spend requirement.
  • Discounted first year annual fee. Apply by 31 March 2020 and save $49 with a reduced annual fee of $200 in the first year (reverts to $249 p.a. thereafter).

Rates & fees

  • Annual fee. Outside of any promotions, this bundle charges a combined standard annual fee of $249. It breaks down to a $150 annual fee for the Mastercard, $49 for the American Express and a $50 Velocity rewards fee.
  • Purchase interest rate. The Mastercard charges a variable purchase interest rate of 20.24% p.a. and the American Express charges 20.49% p.a.

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