Westpac Altitude Black – Velocity

Last updated: 2 April 2020

Receive up to 120,000 bonus Velocity Points and yearly complimentary Economy X Seat Upgrade vouchers with the Westpac Altitude Black.

The Westpac Altitude Black - Velocity is packed with rewards and premium perks including complimentary lounge passes, travel insurance covers, a personal concierge service and Economy X Seat Upgrade Vouchers.

When you apply before 05 August 2020 and spend $4,000 on eligible purchases within 90 days of card approval, you will receive 90,000 bonus Velocity Points and an additional 30,000 points after the first eligible purchase has been made in the second year (120,000 points total).

120,000

Bonus points

20.49% p.a.

Purchase rate

0.75

Reward points

Per $ spent (Visa/Mastercard)

$300 p.a.

Annual fee

Details

Product Name	Westpac Altitude Black - Velocity
Rewards program	Velocity Frequent Flyer
Balance transfer rate	6.99% p.a. for 12 months
Balance Transfer Revert Rate	Cash Advance Rate (21.49% p.a.)
Balance Transfer Limit	80% of available balance
Purchase rate (p.a.)	20.49% p.a.
Annual fee	$300 p.a.
Interest free period	45 days
Cash advance rate (p.a.)	21.49% p.a.
Min credit limit	$15,000
Max credit limit	$75,000
Card type	Mastercard
Foreign currency conversion fee (Visa/Mastercard)	3%
Complimentary travel insurance	Yes

Minimum Income	$75,000
Minimum age	18 years of age
Available to temporary residents	Yes - Conditions apply
Joint application	No

Pros

Receive up to 120,000 bonus Velocity Points when you meet the spend requirement
2 complimentary Economy X Seat Upgrade Vouchers each year
2 complimentary domestic Virgin Australia lounge passes per year
Complimentary insurance covers including overseas travel, extended warranty and purchase security

Cons

Charges a high combined annual fee of $300
Only offers up to 45 days interest-free on purchases, compared to other cards that offer up to 55 days

Rewards program	Velocity Frequent Flyer
Bonus Points	120,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)	0.75

Annual fee	$300 p.a.
Minimum monthly repayment	2% of the closing balance or $10, whichever is greater
Late payment fee	$15
Foreign currency conversion fee (Visa/Mastercard)	3%
Cash Advance Fee	2% or $2.50, whichever is greater
Overseas cash advance fee	2%
Additional cardholder fee	$0
Number of Additional Cardholders	1

Expert review

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

Not just for Qantas Frequent Flyers anymore, the Westpac Altitude Black also offers a Velocity option. Earning 0.75 Velocity Points per $1 spent on eligible purchases, this offer is competitive compared to other Velocity cards on the market. When you factor in the lounge passes and seat upgrade vouchers, travellers can look forward to a fully loaded product.

The current bonus points offer is also competitive. As an example, with 120,000 bonus Velocity Points you could book a one-way flight from Sydney to Singapore in premium economy (89,400 points) or a one-way business-class flight from Brisbane to Honolulu (119,000 points).

How to apply

You can apply for the Westpac Altitude Black - Velocity card online and receive a response in 60 seconds. Before you start, make sure you meet the eligibility requirements and have the necessary information to complete the application.

Eligibility criteria

New customer. To be eligible for the bonus points offer, you cannot hold or have held a Westpac rewards card in the previous 12 months.
Residency. This card is available to permanent Australian residents.

Income. To apply for this card, you must earn at least $75,000 per year.
Age. You must be at least 18 years old to apply.
Eligible balance transfer debt. You can transfer from $200 up to 80% of your available credit limit from up to 3 Australian credit, charge or store cards not issued by Westpac.

Required documents

Personal details. This includes your name, email address, living arrangements and a valid form of ID, such as your driver's licence number, Medicare card number or passport details.
Employment details. This covers your current employment status, job title, salary and your employer's contact details. You may also need to provide supporting documentation such as recent payslips, bank statements or tax assessment notices.
Financial details. This includes any other forms of income such as pensions or government payments, as well as savings and investments. You'll also need to share details of your existing debts and financial responsibilities, including an estimate of your living costs such as rent/mortgage payments, bills and groceries.
Frequent flyer membership details. You'll be given the choice of earning points through the Altitude Rewards program, Altitude Velocity, or Altitude Qantas. If you're a member of Velocity Frequent Flyer, you will be prompted to enter your membership number when you choose this option.
Balance transfer information. To transfer a balance you'll need to provide the account numbers of the cards you'd like to transfer, the provider's biller codes and the debt amounts.

Card benefits

Up to 120,000 bonus Velocity Points. When you apply for a Westpac Altitude Black credit card by 05 August 2020, are approved, and spend at least $4,000 on eligible purchases within 90 days of card approval, you will receive 90,000 bonus Velocity Points. You'll get another 30,000 points after making your first eligible purchase in the second year. Your points will be added to your account within 12 weeks after you've met the spend requirement.
Economy X Seat Upgrade Vouchers each year. When you add your membership number to your account and make a direct spend with Virgin Australia on your card, you will receive 2 vouchers for Economy X Seat Upgrades for eligible domestic flights each year to use for yourself and/or other passengers travelling on the same itinerary. The vouchers will be added to your account within 10 days of meeting the spend requirement and can be redeemed by calling 1300 038 373 at least 24 hours prior to your flight.

Uncapped points. Earn 0.75 Velocity Points per $1 spent in Australia and with overseas merchants. You can redeem your rewards for Virgin Australia flights, upgrades and many more.
Virgin Australia lounge passes. Enjoy two complimentary single-entry Virgin Australia domestic airport lounge invitations when you make a direct spend with Virgin Australia each year from card opening. You'll receive your invitations within 10 days of meeting the eligible spend.
Complimentary insurance covers. This card comes with a range of complimentary insurances including overseas travel insurance, transit accident insurance, purchase security insurance and extended warranty insurance.
Westpac Concierge. Your 24/7 Westpac Concierge service can help you with anything from booking restaurants, securing concert tickets or planning a work event. You can make requests over the phone or via the Black Card Concierge App.
Mobile wallets. If you link your card with Samsung Pay or Google Pay, you can use your eligible smartphone or smartwatch to make contactless mobile payments at the checkout. You can also use your fitness tracker via Garmin Pay and Fitbit Pay.
Balance transfer offer. Apply by 05 August 2020 and save on interest costs when paying off existing debt with 6.99% balance transfer offer for up to 12 months with no balance transfer fee. Any remaining balance after the promotional period ends is subject to the cash advance rate.

Rates & fees

Annual fee. This card charges a total annual fee of $300. This is made up of a $250 annual card fee plus $50 Velocity Rewards fee.
Purchase interest rate. The variable interest rate on purchases is 20.49% p.a.

Cash advances. If you use the card to make a cash advance (such as an ATM withdrawal), you'll attract the 21.49% p.a. interest rate (variable). You'll also be charged the cash advance fee of 2% or $2.50, whichever is greater.
Interest-free days. When you pay your monthly payment balance in full, which excludes current balance transfers, listed on your statement by the payment due date, you will receive up to 45 days interest-free on new purchases. Note that interest-free days are separate from any longer-term interest rate promotions.
Foreign transaction fee. When you spend in a foreign currency on this card you will be charged 3% of the transaction value.

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6 Comments

Lisa
September 25, 2019

Does this card attract overseas transaction fee when using abroad?

Reply
- finder Customer Care
  
  Joshua
  September 26, 2019
  
  Hi Lisa,
  
  Thanks for getting in touch with Finder. I hope all is well with you. 😃
  
  The answer to your question is yes. Westpac Altitude Black comes with a foreign transaction fee. This is charged when you spend in a foreign currency. The fee is 3% of the transaction value.
  
  I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
  
  Have a wonderful day!
  
  Cheers,
  Joshua
  
  Reply
Mark
August 15, 2019

Are there more than 2 cards available per account? If so, what is the cost for an additional card, please?

Reply
- finder Customer Care
  
  Jeni
  August 16, 2019
  
  Hi Mark,
  
  Thank you for getting in touch with Finder.
  
  This Westpac Altitude Black – Velocity credit card allows only one additional cardholder at no cost.
  
  I hope this helps.
  
  Thank you and have a wonderful day!
  
  Cheers,
  Jeni
  
  Reply
Naru
July 7, 2019

I had Westpac Altitude Black card earlier and cancelled about 18 months back. Am I eligible for bonus velocity points if I meet other criteria? Regards

Reply
- finder Customer Care
  
  Faye
  July 9, 2019
  
  Hi Naru,
  
  Thanks for contacting Finder.
  
  If you are referring to the 80,000 bonus Velocity Points, you can only be eligible for it if you apply for a Westpac Altitude Black credit card by 15 October 2019, are approved, and spend at least $4,000 on eligible purchases within 90 days from card approval, you will receive 80,000 bonus Velocity Points.
  
  You may check out this page to see other credit cards to earn Velocity Points.
  
  I hope this helps
  
  Kind Regards,
  
  Faye
  
  Reply

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Westpac Altitude Black – Velocity