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Westpac Altitude Business Platinum Credit Card

Amy Bradney-George
Amy Bradney-George
Last updated:  

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.

20.24% p.a.

Purchase rate

1

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 NameWestpac Altitude Business Platinum Credit Card
Rewards programWestpac Altitude Rewards
Balance transfer rate4.99% p.a. for 12 months
Balance transfer revert ratePurchase Rate (20.24% p.a.)
Balance transfer limit80% of available limit
Purchase rate20.24% p.a.
Annual fee$0 annual fee for the first year ($200 p.a. thereafter)
Interest-free period55 days
Cash advance rate20.74% p.a.
Min credit limit$20,000
Max credit limit$150,000
Card typeMastercard
Foreign currency conversion fee3%
Minimum income$30,000
Available to temporary residentsYes - Conditions apply
Joint applicationNo

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 programWestpac Altitude Rewards
Rewards points per $ spent1
Annual fee$0 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
Foreign currency conversion fee3%
Cash advance fee2% or $2.50, whichever is greater
Overseas cash advance fee2%
Additional cardholder fee$0
Number of additional cardholders1

Expert review

Amy Bradney-George

Review by

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.

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).

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.

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.

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16 Comments

    Default Gravatar
    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.

    Reply
      Avatarfinder Customer Care
      Mai
      May 19, 2019

      Hi Jono,

      Thank you for reaching out.

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

      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 further.

      Hope this helps! 😊

      Kind Regards,
      Mai

      Reply
    Default Gravatar
    Joe
    October 9, 2017

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

    Reply
      Default Gravatar
      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

      Reply
    Default Gravatar
    Michael
    August 18, 2017

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

    Reply
      Default Gravatar
      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

      Reply
    Default Gravatar
    Ian
    October 2, 2016

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

    Reply
      Avatarfinder 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

      Reply
    Default Gravatar
    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?

    Reply
      Avatarfinder 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

      Reply
    Default Gravatar
    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,

    Reply
      Avatarfinder 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 this page for more information.

      I hope this has helped.

      Cheers,

      Sally

      Reply
    Default Gravatar
    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

    Reply
      Avatarfinder Customer Care
      Jonathan
      May 14, 2015

      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

      Reply
    Default Gravatar
    Sally
    February 23, 2015

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

    Reply
      Avatarfinder 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

      Reply
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