Earn 80,000 bonus Altitude Points, save with a $0 first year annual fee and get peace of mind with complimentary insurance covers.
Save on credit card costs with a waived annual fee for the first year and a balance transfer offer for the first 12 months. Plus, boost your points balance with 80,000 bonus Altitude Points when you spend at least $3,000 on eligible purchases within the first 90 days from card approval. To take advantage of these offers, you must apply for a new Westpac Altitude Business Platinum credit card and get approved by 28 November 2018.
| Product Name | Westpac Altitude Business Platinum Credit Card |
|---|---|
| Rewards Program | Westpac Altitude Rewards |
| Balance transfer rate (p.a.) | 4.99% p.a. for 12 months |
| Balance Transfer Revert Rate The interest rate after the balance transfer ends. | Purchase Rate (20.24% p.a.) |
| Balance Transfer Limit | 80% of available credit limit |
| Purchase rate (p.a.) | 20.24% p.a. |
| Offer end date | 28 November 2018 |
| Annual fee | $0 p.a. annual fee for the first year ($200 p.a. thereafter) |
| 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 55 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. | $20,000 |
| 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. | $150,000 |
| Card Type | Visa |
| Foreign Currency Conversion Fee (VISA) 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 |
| Complimentary Travel Insurance | Yes |
| Minimum Income | $30,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available To Temporary Residents | Yes |
| Joint Application | No |
| Annual fee | $0 p.a. annual fee for the first year ($200 p.a. thereafter) |
|---|---|
| Minimum Monthly Repayment | 3% of the closing balance or $10, whichever is greater |
| Late Payment Fee | $15 |
| Foreign Currency Conversion Fee (VISA) 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 |
| Cash Advance Fee | 2% of the value of the transaction or minimum charge of $2.50 |
| Overseas Cash Advance Fee | 2% |
| Gambling Transactions Allowed | Yes |
| Additional Cardholder Fee | $0 |
| Number of Additional Cardholders | 1 |
| Rewards Program | Westpac Altitude Rewards |
|---|---|
| Bonus Points | 80,000 bonus points |
| Rewards Points per $ spent (VISA/MC) | 1 |
| Rewards Points per $ (VISA/MC) Cap | Uncapped |
Benefits of the Westpac Altitude Business Platinum credit card
Some of the benefits you can expect from your Westpac Altitude Business Platinum credit card include:
- 80,000 bonus Altitude Points. Receive 80,000 bonus Altitude Points when you apply for a new Westpac Altitude Business Platinum credit card, get approved by 28 November 2018 and spend at least $3,000 on eligible purchases within the first 90 days from card approval.
- First year annual fee waiver. Apply before 28 November 2018 and save with a $0 first year annual fee, saving you $200.
- Balance transfer offer. Consolidate your existing debt at a rate of 4.99% p.a. for the first 12 months (reverts to the variable purchase rate). You must apply for the balance transfer at the time of application to take advantage of this promotional rate.
- Complimentary platinum insurance. Purchases made using this card receive protection through purchase security insurance, extended warranty insurance, and account holder's guaranteed pricing scheme cover. Complimentary travel covers include overseas travel insurance and transit accident insurance, and business related covers include account holder's business inconvenience insurance and account holder's unauthorised transaction insurance.
- Uncapped reward points. Your Westpac Altitude Business Platinum credit card account comes linked to the Altitude Rewards program. Earn 1 Altitude Point for every $1 spent on eligible business purchases in Australia and 2 points on overseas purchases. Plus, 0.5 points per $1 spent on government payments. Points can be redeemed for a variety of rewards from merchandise to frequent flyer points. Cardholders can look forward to transferring their rewards to Qantas Frequent Flyer, Virgin Australia's Velocity, Malaysia Airlines’ Enrich, Air New Zealand Airpoints, Singapore Airlines’ KrisFlyer, and Cathay Pacific AsiaMiles.
- Easy tax reporting. You can export transaction details into BAS and MYOB quite easily, and you can also download transaction history as an Excel sheet for simplified analysis.
- Samsung Pay. You can link your Westpac Altitude Business Platinum credit card with Samsung Pay to make contactless payments with your Samsung device at the checkout.
Features of the Westpac Altitude Business Platinum credit card
Here’s a list of features the Altitude Business Platinum credit card come with:
- Annual fee. Outside of any promotions, this card charges a standard annual fee of $200 p.a.
- Interest rates. The Westpac Altitude Business Platinum credit card has a variable purchase rate of 20.24% p.a. and a variable cash advance rate of 20.74% p.a.
- Interest-free days. Pay your account’s closing balance in full before each due date and you can make use of as many as 55 interest-free days on purchases.
- Platinum concierge service. This service functions in the form of a personal assistant and can help you reserve tables at restaurants, organise gifts, book tickets for different kinds of events, and even arrange business meetings.
How to apply for the Westpac Altitude Business Platinum credit card
You can do so by visiting any Westpac branch, you can get started over the phone, and you can apply online, but remember that you have to meet certain eligibility criteria, as listed below.
Eligibility criteria
- You are over 18 years old
- You are a permanent resident of Australia
- You earn $30,000 p.a. or more
- You wish to use these cards for business and/or investment purposes
Required documents
- Name of your business and its contact details
- ABN or ACN of your company
- Financial details
- Self-employed individuals should provide contact details of their accountants
If you’re considering getting a credit card for business use that comes with a bunch of features, applying for the Westpac Altitude Business Platinum cards can be a good idea, but establish if you’ll make up for the annual fee through its features at the very onset. Bear in mind that since you can find other cards with offer similar features, comparing a few before applying definitely makes sense.
Hi, can you earn Qantas FF points on the AMEX card for international transactions, or is it only domestic?
Hi Joe,
Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.
You can earn points for domestic or overseas transactions as long as they are eligible purchases.
I hope this helps.
Cheers,
Danielle
With Business platinum is there a cap on points per month?
Hello Michael,
Thank you for your inquiry.
It is uncapped for Altitude Business Platinum, 20,000 for Altitude Business Gold and 12,500 points for Altitude Business per statement cycle.
Hope this helps.
Cheers,
Jonathan
When paying the ato using altitude business platinum amex card, what is the qantas frequent flyer earn rate per dollar.
Hi Ian,
Thanks for your inquiry.
Sorry for the delayed reply. You can actually earn 1 Altitude Rewards point per $1 spent on ATO payments using your Westpac Altitude Business Platinum Credit Card.
As for the Qantas points, if you opt into the Qantas frequent flyer program (instead of the Altitude Rewards) linked to this card, the rate would be 1 Qantas point per $1 spent and the Qantas points will go straight to your Qantas frequent flyer account.
Cheers,
May
Do you issue multiple cards for the same account and if so is there a fee for each card
what is the max number of cards that you issue for each business?
Hi Carolyn, thanks for your inquiry!
The Westpac Altitude Business Platinum credit card charges $0 for additional cardholders and supports one additional cardholder (16 years or older) at no extra cost.
Cheers,
Jonathan
Hi,
Would like info on application period, how long does it take once you apply to receive your credit card, looking at Westpac altitude business gold & Platnium cards.
Cheers,
Hi Tammy,
Thanks for your question.
Mailing a new credit card can take up to 10 working/ business days. You may also check this page for more information.
I hope this has helped.
Cheers,
Sally
Hi,
I’m searching for a Card that earns me the best Velocity Points for when i pay the ATO and other purchases using either Visa/Mastercard. I’ve heard there is a Virgin Card that earns 1 point per $1 even with payments to the ATO. Is this true and if so, what card would this be?
Thanking you in advance
Hi Charles, thanks for your inquiry!
Unfortunately Virgin Money/ Velocity does not support reward points with payments to the ATO. Please refer to the following page for earning rewards points by paying tax.
Cheers,
Jonathan
Can the business platinum card be used to pay the ATO?
Westpac have removed this from their black card.
Hi Sally, thanks for your inquiry!
The current ATO earning rates are as follows;
1 Altitude Point per $1.00 paid to the ATO using your Altitude American Express/ Altitude Platinum and 1 Altitude Point per $1.00 paid to the ATO using your Altitude Platinum Plus American Express.
Cheers,
Jonathan