Westpac Altitude Business Platinum Credit Card

Last updated: Sep 25, 2020

Save with a $0 first year annual fee and get peace of mind with complimentary insurance covers.

The Westpac Altitude Business Platinum offers features to help you keep track of business spending while enjoying business and flight rewards and complimentary insurance covers.

Enjoy a $0 annual fee in the first year ($200 p.a. thereafter) and a 12-month balance transfer offer.

20.24% p.a.

Purchase rate

Reward point

Per $ spent

$0 p.a.

Annual fee

for the first year ($200 p.a. thereafter)

55 days

Interest free period

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Details

Product Name	Westpac Altitude Business Platinum Credit Card
Rewards program	Westpac Altitude Rewards
Balance transfer rate	4.99% p.a. for 12 months
Balance transfer revert rate	Purchase Rate (20.24% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	20.24% p.a.
Annual fee	$0 annual fee for the first year ($200 p.a. thereafter)
Interest-free period	Up to 55 days on purchases
Cash advance rate	20.74% p.a.
Min credit limit	$20,000
Max credit limit	$150,000
Card type	Mastercard
Foreign currency conversion fee	3%

Minimum income	$30,000
Available to temporary residents	Yes - Conditions apply
Joint application	No

Pros

$0 annual fee for the first year
4.99% balance transfer rate for 12 months
Complimentary platinum insurance cover

Cons

High standard annual fee of $200 p.a.

Rewards program	Westpac Altitude Rewards
Bonus points	N/A
Rewards points per $ spent	1

Annual fee	$0 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	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 Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Westpac Altitude Business Platinum comes with both practical account tools and perks that can make it easier to keep track of expenses. This includes compatibility with MYOB, BAS and Microsoft Excel, complimentary business inconvenience insurance and overseas travel insurance.

With this card, you’ll earn 1 Altitude Rewards point per $1 spent on eligible purchases and 0.5 points per $1 for spending with government bodies (including the ATO). You can redeem points for rewards such as gift cards, merchandise or transfer to six different frequent flyer programs – including Qantas Frequent Flyer. Outside of any promotions, this card charges an annual fee of $200 p.a. and a $0 additional cardholder fee. Just keep in mind that you can only request 1 additional cardholder, which makes this account suitable for small or medium-sized businesses where only 1-2 people are responsible for making payments.

How to apply

You can apply for the Westpac Altitude Business Platinum online in around 10 minutes and could get a response within 60 seconds of submitting your completed application. To get started, check that you meet the following eligibility criteria and have all the relevant documents and details.

Eligibility criteria

Minimum income. You must earn a minimum of $30,000 per year.
Business details. You can only apply for this card if you plan to use it for business or investment purposes. You also need to have an active ABN (Australian Business Number) or ACN (Australian Company Number).

Residency. You must be an Australian citizen or permanent resident.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. As this is a personal liability card, you'll need to provide your full name, date of birth, residential address, email address, contact number and household details. You'll also need to provide a valid form of identification, such as your passport or driver's licence number.
Business and employment details. This includes details about your business ventures, as well as your ABN or ACN and your accountant's details. If you also have employment, you'll need to provide details of your job and your employer.
Financial details. This includes your income from all sources (business, salary etc), as well as your assets and any investments. You'll also need to provide details of your financial commitments, such as existing loans, business expenses and your share of household expenses.

Card benefits

First year annual fee waiver. 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 insurance for travel and shopping. Complimentary travel covers include overseas travel insurance and transit accident insurance, while purchases made using this card receive protection through purchase security insurance, extended warranty insurance and price guarantee cover.
Business inconvenience insurance. As the primary account holder, this insurance helps cover the cost of recruitment services if an additional cardholder is unable to continue their employment or if your business premises are invaded during normal business hours.
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 per $1 spent 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 or download transaction history as an Excel sheet for simplified analysis.
Mobile technology. You can link your Westpac Altitude Business Platinum credit card with Fitbit Pay, Garmin Pay, Samsung Pay or Google Pay to make contactless payments with your compatible device at the checkout.

Rates & fees

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 statement due date and you can get up to 55 days interest-free 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.
Additional cardholder. There is no additional cardholder fee if you decide to add an additional cardholder to your account.
Security. This account offers 24/7 fraud-monitoring, a fraud money-back guarantee and Westpac's Added Online Security service that you can use when shopping online with participating businesses.

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16 Comments

Jono
May 18, 2019

HI! I am after the best credit card to get as many Qantas points as possible. I am a business owner and will be using the card for all my purchases that I can. I will be paying the owed money before due date and don’t want any fees associated with any purchases.

finder Customer Care

Mai
May 19, 2019

Hi Jono,

Thank you for reaching out.

You can start compare business credit cards using our comparison table. Looking at it, it shows that American Express Qantas Business Rewards Card gives the higest point at 1.25 per dollar spent while the NAB Qantas Business Signature Card gives .66 points per dollar spent.

The good thing is American Express Qantas Business Rewards gives 120,000 bonus Qantas Points when you were approved on or before July 2019. While NAB Qantas Business Signature Card gives 100,000 bonus Qantas Points (terms and conditions apply). Feel free to check the linked pages should you wish to review them further.

Hope this helps! 😊

Kind Regards,
Mai

Joe
October 9, 2017

Hi, can you earn Qantas FF points on the AMEX card for international transactions, or is it only domestic?

Danielle
October 10, 2017

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

Michael
August 18, 2017

With Business platinum is there a cap on points per month?

Jonathan
August 18, 2017

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

Ian
October 2, 2016

When paying the ato using altitude business platinum amex card, what is the qantas frequent flyer earn rate per dollar.

finder Customer Care

May
October 13, 2016

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

carolyn
September 20, 2015

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?

finder Customer Care

Jonathan
September 21, 2015

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

Tammy
August 9, 2015

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,

finder Customer Care

Sally
August 10, 2015

Hi Tammy,

Thanks for your question.

Mailing a new credit card can take up to 10 working/business days. You may also check our guide on approximate application length and standard waiting period for new credit cards.

I hope this has helped.

Cheers,
Sally

Charles
May 12, 2015

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

finder Customer Care

Jonathan
May 14, 2015

Hi Charles,

Thanks for your inquiry.

Virgin Money and Velocity does not support reward points with payments to the ATO. You may refer to our guide to compare credit cards that have rewards points earnings and allow payments to the ATO and see points per $1 for government charges.

Cheers,
Jonathan

Sally
February 23, 2015

Can the business platinum card be used to pay the ATO?
Westpac have removed this from their black card.

finder Customer Care

Jonathan
February 23, 2015

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

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Westpac Altitude Business Platinum Credit Card