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..
Updated . What changed?
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
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.
Receive 60,000 bonus Qantas Points on eligible spend
Discounted annual fee of $99 for the first year
Offer ends 31 March 2021
Eligibility criteria, terms and conditions, fees and charges apply
Westpac Credit Card Offer
Receive 60,000 bonus Qantas Points when you spend $3,000 on eligible purchases in the first 90 days.
- Balance transfer rate of 0% p.a. for 18 months, with a 1% balance transfer fee
- $99 first-year annual fee ($200 p.a. thereafter)
- Earn 0.5 Qantas Points per $1 spent, uncapped
- Complimentary insurance covers on overseas travel and purchases
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.
|Reward||Price in Altitude Points||Retail/dollar value||Value per point (in cents)|
|$100 Woolworths WISH eGift card||23,500||$100||0.43|
|Altitude $100 annual fee rebate||20,000||$100||0.50|
|$50 donation to Cancer Council Australia||8,350||$50||0.60|
|Event Cinemas Gold Class tickets (2 adult tickets)||19,250||$84||0.44|
|BT Super for Life Transfer||30,000||$150||0.50|
|Weekend Red Wine selection (11 bottles) with bonus whiskey (seasonal offer)||57,050||$318||0.56|
|Bose QuietComfort 35 Wireless Headphones II||136,950||$499.95||0.37|
|Apple AirPods 2nd Gen with charging case||77,125||$249||0.32|
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:
- Westpac Altitude Platinum Qantas
- Westpac Altitude Black - Qantas
- Westpac Altitude Platinum Velocity
- Westpac Altitude Black - Velocity
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
More guides on Finder
How to meet credit card bonus point spending requirements
With most credit card bonus point offers including a minimum spending requirement, here’s what you need to know to meet it and maximise your rewards.
Best frequent flyer and rewards credit cards May 2020
Treat yourself with one of these credit cards offering up to 200,000 bonus points and competitive earn rates for your everyday spending.
Best frequent flyer and rewards credit cards April 2020
Reward yourself with a competitive earn rate and up to 100,000 bonus points on one of these credit cards.
Coronavirus: How to manage your credit card
Learn about coronavirus financial support options, complimentary insurance and other credit card details you may be wondering about.
Best frequent flyer and rewards credit cards February 2020
Reward your spending with up to 200,000 bonus points.
Ask Finder: What should I spend my frequent flyer points on apart from flights?
When flying is not an option, these are the best ways to spend your rewards points.
How to earn frequent flyer points with Mastercard, Visa or eftpos gift cards
Earn extra Qantas or Velocity Points while spending money on whatever you like.
Best frequent flyer and rewards credit cards November 2019
Reward your spending with up to 120,000 bonus points for your next holiday or cashback to boost your savings.
Points Finder Reward Deals: Qantas Car Insurance, bonus Velocity Points on transfers and Amex Shop Small
Bonus frequent flyer and rewards points offers are heating up as we approach the end of 2019.
Everyday Rewards and Qantas Points calculator
Calculate how to boost how many Qantas Points you can earn spending at Woolworths and other retail partners.
Supercharge your frequent flyer points with Points Finder
Ask an Expert