Westpac Altitude Black – Online Exclusive offer review

Information verified correct on December 11th, 2016
Westpac Altitude Black - Exclusive Offer Find out more Go to site

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Boost your points balance and earn 100,000 bonus Qantas or Altitude Points when you meet the spend requirement with the Westpac Altitude Black credit card.

Apply online for the Westpac Altitude Black credit card by 5 January 2017 and spend $5,000 on eligible transactions within the first 90 days to receive an online-exclusive offer of 100,000 bonus Qantas or Altitude Points. You will also earn rewards points on all other eligible transactions for the life of the card. Plus, the card comes with other benefits including complimentary international travel insurance, access to the Westpac Black Card Concierge and two VIP airport lounge priority passes every year.

Product NameWestpac Altitude Black - Exclusive Offer
Rewards ProgramWestpac Altitude Rewards
Purchase rate (p.a.)20.24% p.a.
Offer end date5 January 2017
Annual fee$395 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 45 days on purchases
Cash advance rate (p.a.)20.74% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$15,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$75,000
Minimum Monthly Repayment2% or $10, whichever is greater
Minimum Income$75,000
Card TypeAmerican Express/MasterCard
Late Payment Fee$9
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.5% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$75,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$15,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$75,000
Annual Fee$395 p.a.
Minimum Repayment2% or $10, whichever is greater
Late Payment Fee$9
Over Limit Fee$9
Cash Advance Fee2% of the value of the transaction or minimum charge of $2.50
Overseas Cash Advance Fee2%
Overseas Emergency Replacement$0
Overseas ATM Balance check$5
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.5% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders1
BPAYYes
ChequeYes
Direct DebitYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • Receive 100,000 bonus points when you spend $5,000 within 90 days of card approval.
  • A choice of two rewards programs - Altitude Rewards or Qantas Points
  • Earn up to 3 points per $1 spent on eligible purchases.
  • Enjoy a range of complimentary insurance covers, including overseas travel insurance, transit accident insurance, purchase security insurance and extended warranty insurance.

Cons

  • There are only 45 days interest-free when you make a purchase on your card.
  • A high annual fee of $395 applies.
Rewards ProgramWestpac Altitude Rewards
Bonus Points on Sign-up100,000
Rewards Points per $ (VISA/MC)1.25
Rewards Points per $ (AMEX)3
Points ExpiryNever

Westpac Altitude Black credit card review

The Westpac Altitude Black credit card is a credit card designed for frequent flyers and big spenders. With a 100,000 bonus points offer when you meet the eligible spend requirements and up to 3 points on all other eligible transactions, there are plenty of ways to get more value for your money with this card. Geared for international travellers, you’ll also enjoy complimentary travel insurance, two priority passes for airline lounge entry and the Altitude Black Travel Service to help take the stress out of planning your next holiday. For an annual fee of $395, you’ll also receive up to 45 days interest-free, a 20.24% p.a. interest rate on purchases and cash advances and both Mastercard and American Express functionality.

Benefits of the Westpac Altitude Black credit card

  • Bonus 100,000 Altitude or Qantas Points. If you apply online and are approved by 5 January 2017 and spend $5,000 within the first 90 days, you’ll earn a bonus 100,000 Altitude or Qantas Points. The points will appear in your account within 60 days. Please note that this offer is only available to new Westpac cardholders, so you won’t be able to receive the bonus points if you’ve had a Westpac account within the last 12 months.
  • Rewards program. You can choose to earn either Westpac Altitude Rewards or Qantas Points with this card. If you use the MasterCard, you will earn 1.25 points per $1 spent in Australia and 3 points per dollar spent overseas. Meanwhile, the American Express card lets you earn 3 points on all eligible transactions. If you opt for the Qantas Frequent Flyer program, you can redeem flights with the airline and its partners, accommodation with hotel partners or shop via the Qantas eStore. If you choose to use Altitude Points, you can redeem your points with Virgin’s Velocity program plus Malaysia Airlines’ Enrich, Air New Zealand’s Airpoints, Singapore Airlines’ KrisFlyer and Cathay Pacific’s AsiaMiles. You must be a member of the relevant frequent flyer program to redeem your points with these airlines.
  • Complimentary insurance. The Altitude Black offers complimentary insurances including overseas travel insurance, transit accident insurance, purchase security insurance and extended warranty insurance.
  • Two complimentary VIP airport lounge priority passes. You’ll receive two complimentary lounge passes that can be used at over 700 VIP airport lounges in over 275 cities each year. This card provides one complimentary Priority Pass membership per account (Standard Membership). If you opt for the Qantas Frequent Flyer program, you’ll receive two complimentary passes to Qantas Lounge invitations per year after your first Altitude Black Card spend on selected Qantas products and services.
  • Starwood Preferred Guest Gold membership. With the Altitude Black Card, you will be fast-tracked to Preferred Guest Gold Membership status with Starwood Hotels and Resorts. Gold Membership offers better rooms, 4pm late checkout and additional Starpoints reward points when you stay with Starwood.
  • Altitude Black Travel Service. Take the stress out of your travel planning with the assistance of the Altitude Black Travel Service. Plus, their experts can also help you redeem your points for travel rewards.
  • Altitude Black personal shopper. If you have a birthday or holiday coming up but don’t have time to go shopping, your personal shopper can assist you with your online shopping needs to find the right gift for a special someone (or for yourself!).
  • Westpac concierge. You’ll have access to a 24/7 Westpac concierge who can help you with making restaurant bookings, ordering flowers, booking flights and more.

Features of the Westpac Altitude Black credit card

  • Annual fee. The card has an annual fee of $395.
  • Interest rate. The card comes with an interest rate of 20.24% p.a. on both purchases and cash advances.
  • Foreign currency conversion fee. You’ll be charged 3% of the transaction value when paying on Mastercard and 3.5% on American Express overseas or in a foreign currency.
  • Interest-free days. If you pay your balance in full by the end of the statement period, you can take advantage of up to 45 interest-free days.
  • Card security. Your purchases will be protected by an embedded microchip. Plus, the card also comes with Cardshield, Falcon and Mastercard Secure Code, which all monitor and prevent fraudulent transactions on your card. There is also a Fraud Money Back Guarantee where you will be reimbursed for fraudulent transactions.
  • Additional cardholder. You can request one additional cardholder for this card.

How to apply for the Westpac Altitude Black credit card

If you’ve compared your options and decided the Westpac Altitude Black credit card is right for you, you can click on the "Go to site" button to be directed to a secure online application. Before you apply, though, make sure you meet the eligibility requirements and have the necessary documents on hand before applying.

Eligibility criteria

  • Age. Only people over 18 years of age can apply.
  • Minimum income. Applicants must have an annual income of at least $75,000 to apply.
  • Residential status. You must be an Australian permanent resident to apply.
  • Good credit history. You’ll need a good credit history with no evidence of recent bankruptcy or defaults to apply.

Required documents

  • Proof of identification. You’ll need to provide a copy of your Australian driver’s licence, passport or medicare card.
  • Employment details. Include information regarding your employer and the relevant contact details.
  • Financial details. You’ll need to provide information regarding your finances including your assets, liabilities and debts.
  • Income information. You’ll be asked to provide recent copies of your payslips and tax statement.

The Westpac Altitude Black credit card offers a number of competitive and attractive features to frequent flyers and big spenders. As this isn’t the only frequent flyer card on the market, though, it’s important to compare your options to ensure you’re applying for the right card for you.

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2 Responses to Westpac Altitude Black – Online Exclusive offer review

  1. Default Gravatar
    Phil | December 5, 2016

    Can you get a business card – AMEX and Visa/MC?
    If you get a personal AMEX and Visa/MC and a business card is the $395/yr applicable twice? If so, is the 100,000 reward paid twice?

    • Staff
      May | December 6, 2016

      Hi Phil,

      Thanks for your question.

      Unfortunately, this Westpac Altitude Black with Exclusive Offer is a personal type of credit card and the features of this card may not be sufficient for your business. The business credit cards are actually listed here.

      Meantime, with Westpac Altitude Black, you will have one account but you will get two cards, AMEX and Visa/MC. So the annual fee of $395 p.a. is applied once for the account, not for each card. The same is true for the 100,000 bonus Qantas or Altitude Points, which you will receive once if you meet the requirements.

      Hope this has answered your questions.

      Cheers,
      May

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