How to spend your Westpac Altitude Points | finder.com.au

How to spend your Westpac Altitude Points

What's the best way to spend Westpac Altitude Points? We've worked out the value of some different rewards to help you choose one that's worth it for you..

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Westpac Altitude Rewards credit cards often boast massive bonus points offers. For example, if you apply for the Westpac Altitude Black, you can score 150,000 bonus Altitude Points when you spend $4,000 within the first 90 days. But how much are Altitude Points worth?

Well, the value of your Westpac Altitude Points will vary depending on what you’re redeeming them for. To help you get the most out of your Altitude Points, let’s look at some of the different ways you can use Altitude Points – and the value you'll get from them.

Different ways to spend your Altitude Points

You can use your Altitude Points to redeem everything from gift cards and cashback to retail items from the Altitude Rewards Store.

The table below shows some of the different reward options available, the retail or dollar value for them and how much value you get per point (shown in cents). These rewards and values were sourced from the Westpac Altitude Rewards website on 6 January 2021 and are rounded to 2 decimal places.

RewardPrice in Altitude PointsRetail/dollar valueValue per point (in cents)
$100 Woolworths WISH eGift card23,500$1000.43
$100 cashback28,200$1000.35
Altitude $100 annual fee rebate20,000$1000.50
$50 donation to Cancer Council Australia8,350$500.60
Event Cinemas Gold Class tickets (2 adult tickets)19,250$840.44
BT Super for Life Transfer30,000$1500.50
Weekend Red Wine selection (11 bottles) with bonus whiskey (seasonal offer)57,050$3180.56
Bose QuietComfort 35 Wireless Headphones II136,950$499.950.37
Apple AirPods 2nd Gen with charging case77,125$2490.32

Based on these reward options, you would get the most value from making a $50 donation to Cancer Council Australia, with each point worth around 0.60 cents (rounded to 2 decimal places). Another way to look at this is that every 1,000 points redeemed for this reward is worth $5.99 when rounded to the nearest whole cent.

On the other end of the scale, you would get the least value from redeeming points for the Apple AirPods in the table. This reward offers around 0.32 cents for each point used, or $3.23 per 1,000 points used.

Interested in the value of other rewards? Learn more about calculating the value of rewards points in this guide.

What about transferring your Altitude Points to frequent flyer rewards?

As well as redeeming them for cashback or retail items, you can transfer your Altitude Points for frequent flyer points with Velocity Frequent Flyer, Asia Miles, Air New Zealand Airpoints, Malaysia Airlines Enrich and Singapore Airlines’ KrisFlyer. The transfer rates can vary between programs, but as an example, you could transfer a minimum of 3,000 Altitude Points for 1,000 points with Velocity Frequent Flyer or Singapore Airlines KrisFlyer. The value of your points would then depend on what you redeemed with your Velocity Points.

Westpac Altitude Qantas and Altitude Velocity credit cards

As well as the point transfer options above, Westpac Altitude cards give you a way to earn points directly through the Qantas or Velocity frequent flyer programs with the following cards:

When you apply for a Westpac Altitude credit card, you can choose your preferred rewards program (Altitude, Altitude Qantas or Altitude Velocity). If you choose one of the frequent flyer options, you'll also need to provide your frequent flyer account details.

Although earning Altitude Rewards can be a great way to reward your spending, not all rewards offer the same value. Generally, travel and flight upgrades offer more bang for your buck than items from the Altitude Rewards Store or paying for purchases with your points. So before you cash in your Altitude Rewards Points bounty, compare a few options to find the most rewarding deal for you.

Compare Westpac credit cards

Data updated regularly
Name Product Purchase rate Balance transfer rate Annual fee
Westpac Altitude Platinum Qantas
20.49% p.a.
0% p.a. for 18 months with 1% balance transfer fee
$149 annual fee for the first year ($200 p.a. thereafter)
Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days. Plus, a first-year annual fee discount and a 0% balance transfer offer.
Westpac Altitude Black
20.49% p.a.
0% p.a. for 18 months with 1% balance transfer fee
$250
Earn 150,000 bonus Altitude Points when you spend $4,000 within the first 90 days. Plus, save with 0% interest on balance transfers.
Westpac Altitude Platinum Card
20.49% p.a.
0% p.a. for 18 months with 1% balance transfer fee
$99 annual fee for the first year ($150 p.a. thereafter)
Get 80,000 bonus Altitude Points (worth $350 in eGift cards) when you spend $3,000 in the first 90 days, and a first-year annual fee discount.
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