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Westpac Altitude Business Platinum Credit Card – Rates and fees

Maximise your ability to earn reward points, and save with complimentary insurance covers included with the Westpac Altitude Business Platinum Credit Card.

Save on credit card costs with an introductory interest rate of 0% p.a. for the first 12 months on purchases and 4.99% p.a. on balance transfers for 12 months. Plus, a waived annual fee for the first year. To take advantage of these offers, you must apply online and get approved by 28 August 2018.

Product NameWestpac Altitude Business Platinum Credit Card
Rewards ProgramWestpac 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 Limit80% of available credit limit
Purchase rate (p.a.)0% p.a. for 12 months (reverts to 20.24% p.a.)
Offer end date28 August 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 TypeVisa
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 InsuranceYes
Minimum Income$30,000
Minimum Age18 years of age
Available To Temporary ResidentsYes
Joint ApplicationNo
Annual fee$0 p.a. annual fee for the first year ($200 p.a. thereafter)
Minimum Monthly Repayment3% of the closing balance or $10, whichever is greater
Late Payment Fee$15
Cash Advance Fee2% of the value of the transaction or minimum charge of $2.50
Overseas Cash Advance Fee2%
Foreign Currency Conversion Fee
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
Gambling Transactions AllowedYes
Additional Cardholder Fee$0
Number of Additional Cardholders1
Rewards ProgramWestpac Altitude Rewards
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) CapUncapped

Westpac Altitude Business Platinum credit card review

The Westpac Altitude Business Platinum Credit Card gives you a rate of 0% p.a. on your purchases for 12 months and $0 annual fee for the first year. This card, like many other platinum cards, offers complimentary purchase, travel and business specific covers. Plus, access to a platinum concierge service can come in handy from securing a last minute dinner reservation to finding the perfect gift for a loved one.

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:

  • Waived annual fee. Apply online by 28 August 2018 to enjoy a $0 annual fee for the first year ($200 p.a. thereafter).
  • Introductory purchase rate. Take advantage of a 0% p.a. interest rate on purchases for the first 12 months. After the promotional period, the rate reverts to the variable purchase rate 20.24% p.a.
  • 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).
  • Complimentary platinum insurance. Purchases made using either of these cards 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.
  • Rewards. Your Westpac Altitude Business Platinum credit card account comes linked to the Altitude Rewards program. 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:

  • Reward points. 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.
  • 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.
  • Card security. This card comes with Cardshield which provides enhanced protection against fraud, and a round-the-clock service that monitors your account for suspicious and fraudulent transactions. In the online world, Verified by Visa provide additional security. The Westpac Fraud Money Back Guarantee ensures you don’t have to end up paying for unauthorised and fraudulent transactions, provided you use your card responsibly.

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.

Frequently asked questions

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14 Responses

  1. Default Gravatar
    JoeOctober 9, 2017

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

    • finder Customer Care
      DanielleOctober 10, 2017Staff

      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

  2. Default Gravatar
    MichaelAugust 18, 2017

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

    • Default Gravatar
      JonathanAugust 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

  3. Default Gravatar
    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
      MayOctober 13, 2016Staff

      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

  4. Default Gravatar
    carolynSeptember 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
      JonathanSeptember 21, 2015Staff

      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

  5. Default Gravatar
    TammyAugust 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
      SallyAugust 10, 2015Staff

      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

  6. Default Gravatar
    CharlesMay 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
      JonathanMay 14, 2015Staff

      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

  7. Default Gravatar
    SallyFebruary 23, 2015

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

    • finder Customer Care
      JonathanFebruary 23, 2015Staff

      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

Credit Cards Comparison

Rates last updated June 24th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Westpac Low Rate Card
13.49% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
American Express Westpac Altitude Platinum Bundle - Qantas - Exclusive Offer
20.24% p.a.
$50 p.a. annual fee for the first year ($249 p.a. thereafter)
Up to 90,000 bonus Qantas Points when you meet the criteria with this dual Visa (issued & serviced by Westpac) & Amex (issued & serviced by Amex).
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($129 p.a. thereafter)
Offers a 0% p.a. for 22 months balance transfer, $0 annual fee for the first year and an annual fee refund each year when you spend $6,000.
NAB Low Fee Card
19.74% p.a.
0% p.a. for 18 months with 2% balance transfer fee
$30 p.a.
Receive complimentary purchase protection insurance, a 18 month balance transfer offer and special offers from Visa Entertainment.
Citi Platinum Credit Card - 100k Bonus Points
20.99% p.a.
0% p.a. for 15 months with 1% balance transfer fee
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 100,000 reward Points, enjoy a long-term balance transfer offer, a discounted first year annual fee and complimentary travel insurance.

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