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Terms and conditions apply

Bonus points: 150,000
Purchase rate: 20.99% p.a.
Reward points per $ spent: 0.5
Annual fee: $370 p.a.

Our verdict

Offers up to 150,000 bonus Velocity Points and yearly complimentary Economy X Seat Upgrade vouchers, but has a $75 yearly rewards fee on top of the annual fee.

Finder Awards 2025 winner

The Westpac Altitude Velocity Black Credit Card gives you a choice of rewards programs, including Velocity Frequent Flyer. Right now, it has one of the biggest bonus Velocity Points offers on the market, with up to 150,000 bonus Velocity Points (90,000 points when you spend $6,000 on eligible purchases in the first 120 days and an additional 60,000 in your second year with the card when you spend $6,000 on eligible purchases within 120 days of your card anniversary). That's enough for one return business class reward flight from Sydney to the Tokyo, Japan (143,000 Velocity Points plus fees and taxes), or a two one-way business class flight from Perth to Auckland (99,000 Velocity Points plus fees and taxes).

This card also earns Velocity Points at tiered rates per $1 spent on eligible purchases. However, with a combined annual fee and rewards fee of $370 per year, it's still important to consider how much value you'll get from the points and other perks before you apply.

Pros

Up to 150,000 bonus Velocity Points
2 complimentary Economy X Seat Upgrade Vouchers each year
2 complimentary domestic Virgin Australia lounge passes per year

Cons

Charges a high combined annual fee of $370 p.a.
Only offers up to 45 days interest-free on purchases, compared to other cards that offer up to 55 days

Where could you fly with Westpac Altitude Velocity Black's 150k bonus points?

Calculation doesn't include carrier charges, taxes, or fees. Calculation is based on Virgin Australia Reward Seat redemptions (Tier 3 pricing) for domestic flights; Singapore Airlines Reward Seat redemptions for Singapore; United Airlines Reward Seat redemptions for Los Angeles; Virgin/Qatar Reward seat redemptions for London.

Details

Product details

Product Name	Westpac Altitude Velocity Black
Purchase rate p.a.	Purchase rate p.a.20.99%
Interest-free days	Up to 45 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$6,000
Max credit limit	$75,000
Card type	Mastercard

Eligibility

Available to temporary residents	Yes - Conditions apply
Minimum income	$75,000
Joint application	No

Rewards

Rewards program	Velocity Frequent Flyer
Bonus points	150,000
Rewards points per $ spent	0.5

Fees

Annual fee	$370
Minimum monthly repayment	2% of the closing balance or $10, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	3%
Cash advance fee	3%
Additional cardholder fee	$0
Number of additional cardholders	1

Congratulations, Westpac!

The Westpac Altitude Velocity Black won Best Velocity Frequent Flyer Credit Card in the 2025 Finder Awards.

Full list of 2025 winners

How to apply

You can apply for the Westpac Altitude Velocity Black card by completing a secure application on the bank’s website. To get started, make sure you meet the eligibility requirements and have the necessary information to complete the application.

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 24 months.
Residency. This card is available to permanent Australian residents.

Income. To apply for this card, you must earn at least $75,000 per year.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your name, email address, living arrangements and a valid form of ID, such as your driver's licence number, Medicare card number or passport details.
Employment details. This covers your current employment status, job title, salary and your employer's contact details. You may also need to provide supporting documentation such as recent payslips, bank statements or tax assessment notices.
Financial details. This includes any other forms of income such as pensions or government payments, as well as savings and investments. You'll also need to share details of your existing debts and financial responsibilities, including an estimate of your living costs such as rent/mortgage payments, bills and groceries.
Frequent flyer membership details. You'll be given the choice of earning points through the Altitude Rewards program, Altitude Velocity, or Altitude Qantas. If you're a member of Velocity Frequent Flyer, you will be prompted to enter your membership number when you choose this option.

Go to Westpac's site More info

Card benefits

Up to 150,000 bonus Velocity Points. When you apply for a Westpac Altitude Velocity Black credit card, are approved, and spend at least $6,000 on eligible purchases within 120 days of card approval, you will receive 90,000 bonus Velocity Points. You'll get another 60,000 in your second year with the card when you spend $6,000 on eligible purchases within 120 days of your card anniversary). Your points will be added to your account within 12 weeks after you've met the spend requirement.
Economy X Seat Upgrade Vouchers each year. When you add your membership number to your account and make a direct spend with Virgin Australia on your card, you will receive 2 vouchers for Economy X Seat Upgrades for eligible domestic flights each year to use for yourself and/or other passengers travelling on the same itinerary. The vouchers will be added to your account within 10 days of meeting the spend requirement and can be redeemed by calling 1300 038 373 at least 24 hours prior to your flight.

Discounted first-year annual fee for existing customers. Existing Westpac customers will receive a discounted annual fee of $225 (including a $75 rewards fee) in the first year, which reverts to $370 p.a. thereafter.
Rewards points. Earn Velocity Points at tiered rates: 1.2 points per $1 spent on international transactions, 0.8 points per $1 spent at major supermarkets, petrol stations, dining and utilities, and 0.5 points per $1 spent on other eligible purchases (up to $10,000 per statement period, then earn rate drops to 0.25 points per $1 spent thereafter).
Virgin Australia lounge passes. Enjoy two complimentary single-entry Virgin Australia domestic airport lounge invitations when you make a direct spend with Virgin Australia each year from card opening. You'll receive your invitations within 10 days of meeting the eligible spend.
Complimentary insurance covers. This card comes with a range of complimentary insurances including overseas travel insurance, transit accident insurance, purchase protection and extended warranty insurance.
Westpac Concierge. Your 24/7 Westpac Concierge service can help you with anything from booking restaurants, securing concert tickets or planning an event. You can make requests over the phone by calling 1300 651 999.
Mobile wallets. If you link your card with Samsung Pay, Apple Pay or Google Pay, you can use your eligible smartphone or smartwatch to make contactless mobile payments at the checkout. You can also use your fitness tracker via Garmin Pay and Fitbit Pay.

Rates & fees

Annual fee. This card charges a total annual fee of $370, which is made up of a $295 annual fee and $75 yearly rewards fee for choosing to earn Velocity Points.
Purchase interest rate. The variable interest rate on purchases is 20.99% p.a.

Cash advances. If you use the card to make a cash advance (such as an ATM withdrawal), you'll attract the 21.99% p.a. interest rate (variable). You'll also be charged a fee of 3% of each cash advance amount.
Interest-free days. When you pay your monthly payment balance in full, which excludes current balance transfers, listed on your statement by the payment due date, you will receive up to 45 days interest-free on new purchases. Note that interest-free days are separate from any longer-term interest rate promotions.
Foreign transaction fee. When you spend in a foreign currency on this card, you will be charged 3% of the transaction value.

Go to Westpac's site More info

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Westpac Altitude Velocity Black information PDF
2. Westpac Altitude Velocity Black TMD

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Jake

May 23, 2025

If i reach the minimum spend within 60 days for example, can I cancel the card before the 120 day period and still retain my points?

Richard Whitten Finder

May 26, 2025

Hi Jake,

If you meet the spend criteria for the 90,000 bonus points they will be credited to your account with 12 weeks. So you could theoretically get the points then cancel the card. You’d still have to pay the annual fee, and you wouldn’t be able get the additional 30,000 bonus points you can get if you hold the card for 12 months.

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Salli

November 04, 2024

Im after a vard that i can use points to upgrade to business class when travelling to france..

Angus Kidman Finder

November 04, 2024

Hi Sali, How you do this would depend on which airline you want to fly. Altitude can convert points to Cathay Pacific and Singapore Airlines, both of which do offer flights to Paris. You might also want to look at cards that directly earn Qantas Points as another option. But bear in mind that having the points doesn’t guarantee an upgrade, and higher status frequent flyers get priority. Hope this helps!

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Angie

February 09, 2024

Hi,

My husband holds this card and I am the sub holder.

Does that mean I won’t be eligible for this bonus offer?

Thank you!

Sarah Megginson Finder

February 15, 2024

Hi Angie, That’s fine, if you are an additional cardholder on his account, you would still be eligible to apply for a new account in your own name and get this offer. If you are joint account holders on the initial account and each have a card, you would not be eligible.

Hope this helps!

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Owen

February 24, 2023

I was wondering if the 0.75 Velocity reward point rate would be applicable for payments made to the Australian Tax Office. I understand Westpac Altitude would not but is it different for a Velocity reward card?

Also is it strange that I am not able to view reward points earned per transaction? I have just spoken to Westpac Altitude customer support and they have confirmed it is not possible for me to view each individual transaction earn rate. I can just see the total for the month which is transferred to Velocity… but how can I be sure that it is correct?

Thanks!

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Amy Bradney-George Finder

March 03, 2023

Hi Owen,

Unfortunately, you can’t earn Westpac Altitude or Velocity Points for payments to the ATO with this card. Finder has a guide on credit cards that earn points for ATO payments that may be helpful.

Regarding the amount of points, it’s common for credit cards to show a total amount rather than points earned per transaction. Adding up the eligible spending for a period and looking at the points earned is a simple way to check that it matches up. Just keep in mind that some transactions won’t be for whole dollars, so the value of the cents could affect the amount of points earned. I hope that helps!

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Mike

February 14, 2023

1. With my current black card, I earn point with the dollar spending. With the Velocity card, does it work the same?

2. My Black card came with a Sub card, with the Velocity card do I still get the sub card?

3. How will you get the yearly complimentary Economy X Seat?

Amy Bradney-George Finder

February 24, 2023

Hi Mike,

Thanks for your questions, here are the responses:

1. Yes, this card earns Velocity Points per $1 on eligible spending, at the rate listed in this review and on the Westpac website.

2. You can add 1 additional cardholder to this account at no extra cost, as long as they are at least 16 years of age.

3. To get the complimentary Economy X Seat Upgrade Vouchers, you need to add your Velocity membership number to your Westpac account and make a direct spend with Virgin Australia on your card. The vouchers will be added to your account within 10 days of meeting the spend requirement. To use them, you need to first book an eligible domestic Virgin Australia flight, then call Virgin Australia on 1300 038 373 at least 24 hours before your flight and ask to redeem the vouchers.

Regards,

Amy

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Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

Westpac Altitude Velocity Black

Pros

Cons

Where could you fly with Westpac Altitude Velocity Black's 150k bonus points?

Congratulations, Westpac!

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

Sources

Sources

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