Westpac Altitude Rewards
Westpac's Altitude Rewards program gives you a way to earn points for your credit card spending, which can be redeemed for gift cards, travel, frequent flyer points and more.
With a Westpac Altitude Rewards credit card, you'll earn points per $1 on your everyday credit card spending and can get rewards including gift cards, cashback, retail items and point transfers to airline partners, including Velocity Frequent Flyer.
If you get a new Westpac Altitude Rewards credit card, you could also earn thousands of bonus points through an introductory offer. Altitude Rewards isn't the only credit card rewards program in Australia, so here we'll go through exactly how it works – including how to calculate the value of Altitude Rewards Points.
How to earn Westpac Altitude Rewards Points
Just like most other credit card reward programs, you'll automatically earn points for your eligible spending with a Westpac Altitude Rewards card. The number of points depends on the Westpac Altitude Rewards card and the type of spending, so we've put the key details in a table.
|Credit card||Earn rate|
|Westpac Altitude Platinum Card|
|Westpac Altitude Black Card|
|Westpac Altitude Business Platinum Credit Card|
|Westpac Altitude Business Gold Credit Card|
Introductory bonus point offers
If you don't have a Westpac Altitude Rewards credit card right now, you could kick-start your rewards balance with an introductory bonus points offer. These deals usually give new cardholders thousands of bonus points for meeting a spend requirement. For example, 80,000 bonus points when you spend $4,000 in the first 3 months.
As with most rewards cards, the bonus point offers on Westpac Altitude Rewards cards are only available for a limited time, so check before you apply to see if there's a deal that you want.
What is eligible spending?
Most of your everyday spending is eligible to earn Altitude Rewards points, including supermarket shopping, petrol, dining out and entertainment. Transactions that are not considered eligible purchases include cash advances, BPAY payments, balance transfers and government charges (unless they're made with a Westpac Altitude Business Platinum Card).
Want to earn Qantas or Velocity Points with a Westpac credit card?
Westpac offers you a choice of earning Altitude Rewards points, Qantas Points and Velocity Points, with these frequent flyer card options:
- Westpac Altitude Platinum Qantas
- Westpac Altitude Black - Qantas
- Westpac Altitude Platinum Velocity
- Westpac Altitude Black - Velocity
When you apply, you just need to select your chosen rewards option and provide your frequent flyer details.
What can you redeem with Altitude Rewards points?
Rewards are how you get value from this program, and redemptions start from 4,200 points with the following key categories:
- Cashback. You can redeem points for between $50 and $1,000 cashback on your Westpac Altitude Rewards credit card account.
- Frequent flyer points. If you're saving up points for flight rewards, you can transfer a minimum of 3,000 Altitude Rewards to Velocity Frequent Flyer, Air New Zealand Airpoints, Singapore Airlines KrisFlyer and Cathay Pacific/Asia Miles. The amount of frequent flyer points you'll get through a transfer aren't publicly listed on the Altitude Rewards website, but you'll see them when you log in to make a redemption.
- Gift cards. The Altitude Rewards program offers a range of physical or digital gift cards from leading brands including Bunnings, David Jones, JB Hi-Fi and Woolworths.
- Merchandise. You can shop for products on the Altitude Rewards store, including coffee machines, new tech gear and wine.
- Travel. Use your points to book flights, accommodation, car hire and more directly through the Altitude Rewards website.
How much are Westpac Altitude Rewards points worth?
Finder's points calculator estimates each Altitude Rewards Point is worth 0.4 cents. You can get an estimate of the value for different amounts of points with this calculator.
But keep in mind that there's no fixed value for Altitude Rewards points because the dollar value is different between rewards. For example, here are some values available on the Westpac Altitude Rewards website when we checked in June 2023:
- Redeeming Altitude Rewards points for cashback gives you a value of 0.35 cents per point
- A Delonghi La Specialista Prestigio Coffee Machine (292,300 points) gives you a value of 0.34 cents per point
- A Google Nest Hub (2nd generation) Smart Home Display (47,775 points) is worth 0.31 cents per point
The Altitude Rewards website doesn't publicly list the values of all rewards. But if you have a Westpac Altitude credit card, you can log in and then work out the value of your points by dividing the dollar value of a reward by the number of points needed to redeem it. You can also use Finder's guide to calculating the value of rewards points as a cheat sheet.
How to redeem Altitude Rewards points
- Log in to your account on the Westpac Altitude Rewards website.
- Browse the range of rewards available or select your chosen reward.
- Click the "Add to cart" or "Redeem now" button and follow the prompts to complete your redemption.
Pros and cons of Westpac Altitude Rewards
- Earn points for your spending. If you regularly use a credit card and usually pay your account balance in full each month, reward points are an easy way to get something back for your spending.
- Bonus points. Westpac Altitude Rewards credit cards may offer introductory bonus points that can boost your balance when you first get a card. Just remember you'll need to meet the offer's spending requirements.
- Frequent flyer partners. Westpac Altitude Rewards lets you transfer points to partnered frequent flyer programs and also gives you a way to earn Qantas Points or Velocity Points directly (instead of Altitude points).
- Flexibility of rewards. From travel to shopping and cashback, you can choose how and when you redeem your points, which can also help you get more value from them.
- Frequent flyer transfer rates. If your goal is to earn more frequent flyer points, you might find you get a higher earn rate from a frequent flyer card.
- Interest rates. Unless you repay your balance in full each month, the interest charges could outweigh the value of the rewards.
- Annual fee. Westpac Altitude Rewards credit cards have annual fees ranging from $150 to $295, with higher annual fees for Qantas or Velocity options. If the value of the rewards and benefits is less than the annual fee, this type of card may not be worth it.
- International transaction fees. Personal Westpac Altitude Rewards cards offer higher earn rates for transactions made overseas, but also charge a 3% international transaction fee that will add to the cost when you're travelling or shopping online with businesses based overseas.
Compare Westpac Rewards Credit Cards
FAQs about Westpac Altitude Rewards
If you want to learn more about this credit card rewards program, check out our answers to common questions. You can also use the comment box below to ask your own question.
More guides on Finder
Westpac Low Rate Credit Card – Cashback Offer
A no-frills card offering up to $350 back when you meet the spend requirement and a 13.74% p.a. interest rate on purchases.
Westpac Altitude Black – Velocity
A premium credit card offering up to 120,000 bonus Velocity Points, uncapped rewards points and complimentary insurance covers.
Westpac Altitude Platinum – Velocity
This platinum credit card offers 70,000 bonus Velocity points, uncapped points potential, a discounted first-year annual fee and complimentary insurance covers.
Westpac Low Rate Credit Card
A no-frills card offering a 0% interest on balance transfers for the first 28 months and a 13.74% p.a. interest rate on purchases.
Westpac Altitude Platinum – Qantas
With bonus Qantas Points and a range of complimentary insurance covers, the Westpac Altitude Platinum - Qantas is worth considering if you want more frequent flyer points.
Westpac Altitude Black Qantas
The Westpac Altitude Black Qantas card boasts bonus points, a competitive earn rate as well as travel perks and extra features.
Westpac Altitude Business Platinum Credit Card
Take advantage of a $0 annual fee for the first year and a 12-month balance transfer with a new Westpac Altitude Business Platinum credit card.
Westpac Altitude Black
This black rewards credit card is packed with perks including uncapped points per $1 spent, airport lounge passes, complimentary travel insurance and up to 150,000 bonus points offer.
Westpac BusinessChoice Rewards Platinum Mastercard
The Westpac BusinessChoice Rewards Platinum offers Qantas Points on business spending, including ATO payments – here's how its other features add up.
Westpac Altitude Platinum Credit Card
This platinum rewards card comes with up to 120,000 bonus points offer and complimentary insurance for domestic and overseas travel. Is it worth it for you?
Ask an Expert