American Express Westpac Altitude to replace dual cards
Westpac is due to release its new American Express-issued credit card range in 2018.
In November, we reported that Westpac was replacing its dual American Express credit cards with a new American Express-issued product. While all of the card details have yet to be confirmed, we now know one of the two cards will be called the American Express Westpac Altitude card.
Westpac confirmed these details in an “important information” announcement PDF on its site earlier today. As announced in November, the PDF also confirms that the cards will offer accelerated rewards potential for Altitude and Qantas Points collectors. Cardholders can look forward to higher points earn rates, uncapped points, complimentary insurance and access to American Express benefits including Amex Offers and Amex Invites.
As you may expect from an American Express-issued product, the card will also come with a separate monthly credit statement issued by Amex, a minimum monthly payment to Amex on top of your normal monthly payment for your eligible Westpac credit cards and an online account with American Express.
Of course, this could also mean that American Express Westpac Altitude cardholders may be restricted from accessing introductory offers (such as bonus points) on other American Express-issued credit cards that are usually reserved for new Amex cardholders.
You can compare the full list of what you can expect from the account below:
If you already have a Westpac Altitude Rewards account, your American Express card will be cancelled on 4 April 2018. Unfortunately, this means you’ll no longer be able to take advantage of the higher earn rate that comes with spending with American Express. However, Westpac is hoping that this new credit card range will continue to offer its customers the American Express perks they've come to know and love.
“We know how popular our American Express offer has been and our new partnership will ensure we continue to deliver innovative, market-leading products to our customers,” said Westpac's chief executive, consumer bank George Frazis last month.
As the rest of the card details, such as the annual fee, earn rates and extra features, are yet to be confirmed, we’ll keep you updated as more information about the new American Express Westpac Altitude card is announced.