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.
75,000
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)
Details
| Product Name | American Express Westpac Altitude Platinum Bundle - Velocity |
|---|---|
| Rewards Program | Velocity 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 Period | 45 days |
| Cash advance rate (p.a.) | 21.49% p.a. |
| Min credit limit | $9,000 |
| Card Type | Mastercard American Express |
| Foreign Currency Conversion Fee (Visa/Mastercard) | 3% of transaction value |
| Foreign Currency Conversion Fee (American Express) | 3% of transaction value |
| Complimentary Travel Insurance | Yes |
| Minimum Income | $50,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available to Temporary Residents | No |
| Joint Application | No |
Pros
- 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
Cons
- 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 Program | Velocity Frequent Flyer |
|---|---|
| Bonus Points | 75,000 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 Fee | 2% or $2.50, whichever is greater |
| Additional Cardholder Fee | $0 |
Expert review
Review by
Sally McMullen
sally.mcmullen@finder.com.auSally 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.
