Get a Visa and an American Express card under a single account, maximise your ability to earn reward points, and make use of complimentary insurance covers.
The Westpac Altitude Business Platinum Credit Card comes as a set of two credit cards: an Altitude Business Platinum American Express card and an Altitude Business Platinum Visa card. While the American Express card gives you the ability to earn more reward points per $1, the Visa card brings with it the benefit of widespread acceptability.
Apply for these cards by 30 June 2017 to get an introductory 0% p.a. purchase rate for 12 months, and a waived annual fee for the first year. This card also includes features for simplified tax-reporting and a range of complimentary insurance covers.
| 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 | 95% of available credit limit |
| Purchase rate (p.a.) | 0% p.a. for 12 months (reverts to 20.24% p.a.) |
| Offer end date | 30 June 2017 |
| Annual fee | $0 p.a. annual fee for the first year ($295 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 45 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 |
| Minimum Monthly Repayment | 2% |
| Minimum Income | $30,000 |
| Card Type | American Express/Visa |
| 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 |
| Foreign Currency Conversion Fee (AMEX) 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. | 3.5% of transaction value |
| Complimentary Travel Insurance | Yes |
| Available To Temporary Residents | No |
| Joint Application | No |
| Minimum Income | $30,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available to Temporary Residents | No |
| Credit Rating Requirement Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here. | Good |
| 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 |
| Annual Fee | $0 p.a. annual fee for the first year ($295 p.a. thereafter) |
|---|---|
| Minimum Repayment | 2% |
| Late Payment Fee | $15 |
| Over Limit Fee | $15 |
| Cash Advance Fee | 2% of the value of the transaction or minimum charge of $2.50 |
| Overseas Cash Advance Fee | 2% of the value of the transaction or minimum charge of $2.50 |
| Overseas Emergency Replacement | $0 |
| Overseas ATM Balance check | $0 |
| Overseas ATM Withdrawal Fee | $2.50 |
| 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 |
| Foreign Currency Conversion Fee (AMEX) 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. | 3.5% of transaction value |
| Gambling Transactions Allowed | Yes |
| Gambling Transactions Interest Rate | Cash Advance Rate |
| Additional Cardholder Fee | $0 p.a. |
| Number of Additional Cardholders | 1 |
| BPAY | Yes |
| Cheque | Yes |
| Direct Debit | Yes |
| Phone Banking | Yes |
| Internet Banking Transfers | Yes |
| In Branch | Yes |
| Yes |
| Rewards Program | Westpac Altitude Rewards |
|---|---|
| Rewards Points per $ (VISA/MC) | 1 |
| Rewards Points per $ (AMEX) | 3 |
| Rewards Points per $ (VISA/MC) Cap | Uncapped |
| Rewards Points per $ (AMEX) Cap | Uncapped |
| Points Expiry | Never |
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. While you can look forward to using the Visa credit card just about anywhere in the world, if you shop at merchants that accept American Express you stand to earn more reward points. 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:
- Two cards linked to one account. This platinum credit card account, as mentioned, comes with two credit cards. The Visa card has greater global acceptance and give you greater access to your cash especially when shopping in Australia. The American Express card, on the other hand, enables you to earn thrice as many reward points.
- 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. There is no cap on the maximum number of points you can earn, and you can redeem them 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. You have to pay an ongoing annual fee of $295 for as long as the account remains active, and you don’t have to pay this fee for the first year if you apply by 30 June 2017. If you hold the three essential MyBusiness Solutions products, you don’t have to pay any annual fee for life for up to two cards.
- Reward points. The American Express card earns 3Â Altitude Points per $1 spent. When you use the Visa card for eligible purchases in Australia, every $1 spent earns 1Â Altitude Point, and it changes to 2Â points per dollar for international purchases. You can earn bonus points when you shop at partner stores, and you also earn points 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 45 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. Cardshield provides enhanced protection against fraud, and Falcon Fraud Protection constantly monitors your account for suspicious and fraudulent transactions. In the online world, Verified by Visa and American Express SafeKey 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
Will I get two credit card statements each month?
No, you get a single unified statement for both cards at the end of each billing cycle.
How long does the application take to complete?
If you have all the required information close at hand, completing the application should take around 10 to 15 minutes.
Can I use these cards to make contactless payments?
Yes, you can use these cards to make contactless payments of less than $100.
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