American Express Westpac Altitude Platinum Bundle – Velocity

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Receive up to 75,000 bonus Velocity Points and earn up to 1.5 Velocity Points on eligible purchases with this two-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

$249 p.a.

Annual fee


Product NameAmerican Express Westpac Altitude Platinum Bundle - Velocity
Rewards ProgramVelocity Frequent Flyer
Purchase RateAmerican Express: 20.24% p.a.
Mastercard: 20.49% p.a.
Annual Fee$249
Interest Free Period45 days
Cash Advance Rate21.49% p.a.
Minimum 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


  • Up to 75,000 bonus Velocity Points (60,000 on the Mastercard and 15,000 on the Amex) when you spend $6,000 ($3,000 on each card) within the first 90 days of card approval.
  • Earn up to 1 Velocity Point per $1 spent on eligible purchases in Australia, uncapped.
  • 2 complimentary Economy X Seat Upgrade Vouchers each year.
  • Complimentary retail and travel insurance covers.


  • 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 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 (American Express)1
Annual Fee$249
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).

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 points. You can earn a total of 75,000 bonus Velocity Points with this bundle offer. When you apply by 15 October 2019 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 8 to 10 weeks of meeting the spend requirement. If you hold or have held a Westpac Altitude Platinum or Westpac Altitude Black Mastercard within the last 12 months, you are not eligible for the Mastercard bonus points.
  • Standard earn rates. When you spend with the Mastercard, you'll earn 0.5 Velocity Points per $1 spent. On the American Express, you'll earn 1.5 Velocity Points per $1 spent in a foreign currency, 1 Velocity Point per $1 spent in Australia as well as 0.5 Velocity Points per $1 spent on government transactions (such as ATO bills). You can redeem your points for flights with Virgin Australia and partnered airlines, accommodation, products from the Velocity Store and more.

Rates & fees

  • Annual fee. 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 20.49% p.a. and the American Express charges 20.24% p.a.

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