Westpac Altitude Platinum Credit Card

Offers a competitive 130,000 bonus Altitude Points and a discounted $49 annual fee in the first year. But make sure the perks will justify the annual fee after that.

The Westpac Altitude Rewards Platinum Card earns between 1 and 3 points per $1 on eligible spending, with the highest earn rate offered to flights booked with Qantas or Jetstar. The current introductory offer also gives you enough points to get $450 cashback on your account, with other reward choices including gift cards, retail items and frequent flyer point transfers.

0% p.a.

Balance transfer rate

for 24 months with 1% balance transfer fee

130,000

Bonus points

19.99% p.a.

Purchase rate

1

Reward point

Per $ spent

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Details

Product NameWestpac Altitude Platinum Card
Rewards programWestpac Altitude Rewards
Balance transfer rate0% p.a. for 24 months with 1% balance transfer fee
Balance transfer revert rateCash Advance Rate (21.49% p.a.)
Balance transfer limit80% of available limit
Purchase rate19.99% p.a.
Annual fee$49 annual fee for the first year ($150 p.a. thereafter)
Interest-free periodUp to 45 days on purchases
Cash advance rate21.49% p.a.
Min credit limit$6,000
Max credit limit$30,000
Card typeMastercard
Foreign currency conversion fee3%
Minimum income$30,000
Available to temporary residentsYes - Conditions apply
Joint applicationNo

Pros

  • 130,000 bonus Altitude Points offer
  • $49 first-year annual fee ($150 p.a. thereafter)
  • Introductory balance transfer of 0% p.a. for the first 24 months
  • Earn up to 3 Altitude Points per $1 spent, uncapped
  • Complimentary travel insurance covers

Cons

  • A one-time 1% balance transfer fee applies
  • The standard annual fee of $150 is relatively high
  • Only offers up to 45 days interest-free on purchases, as opposed to most cards with 55 days
  • Tiered earn rate makes points potential more difficult to estimate
Rewards programWestpac Altitude Rewards
Bonus points130,000
Rewards points per $ spent1
Annual fee$49 annual fee for the first year ($150 p.a. thereafter)
Minimum monthly repayment2% of the closing balance or $10, whichever is greater
Late payment fee$15
Foreign currency conversion fee3%
Cash advance fee3%
Overseas cash advance fee2%
Additional cardholder fee$0
Number of additional cardholders1

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 Platinum Credit Card is suited to points hunters looking for a modest rewards program and competitive annual fee (for this type of card). A key feature of its rewards is that you'll earn higher rates of points per $1 with partnered brands, including Qantas, Jetstar, Uber and Spotify Premium. Meanwhile, your regular spending on groceries and petrol will earn 1 Altitude Point per $1 spent.

How to apply

You can apply for the Altitude Platinum Credit Card by filling out the online application and receive a response within 60 seconds. To apply for this credit card, you have to make sure you meet the eligibility requirements first.

Eligibility criteria

  • Minimum income. You must earn an annual income of at least $30,000.
  • Residency. You must be a permanent Australian resident or Australian citizen. Please note that those holding a student visa aren't eligible and temporary visa holders must apply through migrant banking.

Card benefits

  • 130,000 bonus Altitude Points. Apply for the Westpac Altitude Platinum by 24 February 2022 to receive 130,000 bonus Altitude Points when you spend a minimum amount of $3,000 on eligible purchases within 90 days from card approval. As an example, you could redeem these points for $450 cashback on your account (126,900 points for 4 redemptions worth $100 and 1 redemption worth $50). You could also get gift cards, retail items, travel or transfer points to your Velocity Frequent Flyer, Singapore Airlines KrisFlyer, Asia Miles or Air New Zealand Airpoints account. Your bonus Altitude Points will be credited to your account within 12 weeks of meeting the spend criteria.
  • Discounted first-year annual fee. Save with a reduced annual fee of $49 in the first year, reverting to $150 p.a. thereafter when you apply by 24 February 2022.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges an annual fee of $150.
  • Interest rates. This credit card charges a variable interest rate of 19.99% p.a. on purchases and 21.49% p.a. on cash advances.

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165 Comments

    Default Gravatar
    Dos
    May 16, 2019

    Hi, I had this card previously but cancelled it in December last year. Will I still be eligible for the Qantas points if I apply? Thanks!

      Avatarfinder Customer Care
      Jhez
      May 17, 2019

      Hello Dos,

      Thank you for your comment.

      According to the terms and conditions of Westpac Altitude Platinum Card, existing Westpac customers who currently hold an Earth Platinum, Earth Platinum Plus, Earth Black, Altitude Platinum or Altitude Black credit card, or who have held one in the last 12 months, are not eligible for this offer. Therefore, you’re not eligible to receive the bonus points if you reapply, unfortunately.

      Regards,
      Jhezelyn

    Default Gravatar
    Muhammad
    April 19, 2019

    What is cancellation fee for this Altitude Platinum credit card? Also if I apply for one more card from other bank, would that effect getting this
    Altitude Platinum credit card?

      Avatarfinder Customer Care
      Jeni
      April 20, 2019

      Hi Muhammad,

      Thank you for getting in touch with Finder.

      There’s no cancellation fee if you cancel this card. If you apply for another credit card from a different bank, it will not affect your application for this card unless there are too many credit enquiries or card applications which results to a low credit limit.

      Please make sure though to read the eligibility criteria, features, and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    Maureen
    February 28, 2019

    With Westpac Altitude Platinum credit card, how many points per $1 do you achieve?

      Avatarfinder Customer Care
      Jeni
      March 2, 2019

      Hi Maureen,

      Thank you for getting in touch with Finder.

      You’ll earn 1 Altitude Rewards point per $1 you spend on eligible purchases, uncapped.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    lozz
    March 27, 2018

    Eligible purchases do not include fees, cash, cash equivalent transactions, BPAY. Does this means bills (not through bpay) are ineligible?

      Avatarfinder Customer Care
      May
      March 27, 2018

      Hi Lozz,

      Thanks for your inquiry.

      Yes, that’s correct. If you pay the bills direct from the providers and they would consider it as a “purchase”, then you would earn points for those payments. But when you pay your bills through BPAY, those are not considered as eligible purchases.

      Cheers,
      May

      Default Gravatar
      Lozz
      March 27, 2018

      Thanks. So paying at a post office is eligible?

      Avatarfinder Customer Care
      May
      March 27, 2018

      Hi Lozz,

      Thanks for getting back. Yes, since payments through post office are not excluded. I would also suggest that you contact Westpac to get more information about earning of points on eligible purchases.

      Cheers,
      May

    Default Gravatar
    ShaneM
    November 10, 2017

    I currently have an American Express Platinum Edge, will that affect my eligibility for this offer? Or will it be fine because it’s a bank issued card?

      Default Gravatar
      Jonathan
      November 10, 2017

      Hi ShaneM,

      Thank you for your inquiry.

      Existing Westpac customers who currently hold an Altitude Platinum or Altitude Black credit card, or who have held one in the last 12 months are not eligible for this offer.

      Kindly refer to Altitude Rewards Terms and Conditions for more information.

      Hope this helps.

      Cheers,
      Jonathan

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