In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Westpac Altitude Velocity Platinum

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Westpac Altitude Velocity Platinum
Terms and conditions apply
Bonus points
80,000
Purchase rate
19.99% p.a.
Reward points per $ spent
0.5
Annual fee for the first year ($250 p.a. thereafter)
$174 p.a.

Our verdict

Get up to 80,000 bonus Velocity Points and complimentary Economy X Seat Upgrade vouchers with the Westpac Altitude Velocity Platinum card..

The Westpac Altitude Velocity Platinum Credit Card has a Velocity Frequent Flyer option so you can earn more points for flights and other rewards. The current bonus points offer is competitive with the rest of the market and gives you enough Velocity Points for a return business class flight from Sydney to Perth (71,000 points, plus carrier charges).

Pros

  • Up to 80,000 bonus Velocity Points
  • Discounted $174 first-year annual fee ($250 p.a. thereafter)
  • Ability to earn uncapped Velocity Points
  • 2 complimentary Economy X Seat Upgrade Vouchers per year

Cons

  • Only offers up to 45 days interest-free on purchases, as opposed to most cards with 55 days
  • 0.5 Velocity Points per $1 spent is relatively low

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

Apply as a new cardholder by 31 July 2024 and spend $4,000 on eligible purchases in the first 90 days from approval and you'll earn 60,000 bonus Velocity Points. You'll then receive another 20,000 bonus points after your first eligible purchase in the second year. You'll also earn 0.5 Velocity Points per $1 for your everyday spending with the Westpac Altitude Velocity Platinum when you choose to earn points directly through the Velocity Frequent Flyer program.

Details

Product details

Product Name Westpac Altitude Velocity Platinum
Purchase rate p.a. 19.99%
Interest-free period Up to 45 days on purchases
Cash advance rate p.a. 21.49%
Min credit limit $6,000
Max credit limit $50,000
Card type Mastercard

Eligibility

Available to temporary residents Yes - Conditions apply
Minimum income $30,000
Joint application No

Rewards

Rewards program Velocity Frequent Flyer
Bonus points 80,000
Rewards points per $ spent 0.5

Fees

Annual fee $174 first year ($250 after)
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%
Overseas cash advance fee 2%
Additional cardholder fee $0
Number of additional cardholders 1

How to apply

You can apply for the Westpac Altitude Velocity Platinum card online in around 10 minutes. Start by checking that you meet the following eligibility requirements and have all the details and documents you'll need to fill out the application form.

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

  • Up to 80,000 bonus Velocity Points. You'll get 60,000 bonus Velocity Points when you apply for the Westpac Altitude Velocity Platinum by 31 July 2024 and spend at least $4,000 on eligible purchases within 90 days from card approval. Receive another 20,000 points after making your first eligible purchase in the second year.
  • Discounted first-year annual fee. Save with a reduced annual fee of $174 for the first year when you apply by 31 July 2024. This includes both the card annual fee and an annual Velocity Rewards fee, and reverts to $250 after the first year.

Rates & fees

  • Annual fee. Outside of any promotions, the Westpac Altitude Velocity Platinum card charges a total annual fee of $250. This is made up of the $175 standard annual fee plus the $75 Velocity opt-in fee.
  • Purchase rate. This credit card charges a variable interest rate of 19.99% p.a. on purchases.

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