Westpac Altitude Business Platinum Credit Card – Rates and fees

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 February 2019.

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.)20.24% p.a.
Offer end date28 February 2019
Annual fee$0 p.a. annual fee for the first year ($200 p.a. thereafter)
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
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 upon application. This is the maximum credit limit available on this card and you can apply for increases after the account has been opened.
$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
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 Fee2% of the value of the transaction or minimum charge of $2.50
Overseas Cash Advance Fee2%
Gambling Transactions AllowedYes
Additional Cardholder Fee$0
Number of Additional Cardholders1
Rewards ProgramWestpac Altitude Rewards
Bonus Points80,000 bonus points
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) CapUncapped

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 February 2019 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 February 2019 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.
  • Mobile technology. You can link your Westpac Altitude Business Platinum credit card with Samsung Pay or Google Pay to make contactless payments with your compatible 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.

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?

    • Default Gravatar
      DanielleOctober 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

  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 December 14th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Low Fee Platinum Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee. Ends 16 December 2018
More info
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. for 14 months balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
Suncorp Clear Options Platinum Credit Card - Online Offer
20.74% p.a.
0% p.a. for 18 months
$49 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with a 0% balance transfer offer and earn up to 60,000 Bonus Rewards Points. Plus, a discounted first year annual fee when you apply online.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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