Westpac Altitude Platinum Credit Card – Existing Customer Offer

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Earn 100,000 bonus Altitude Points and enjoy $0 annual fee in the first year with the Westpac Altitude Platinum card.

When you apply as an existing Westpac customer by 31 March 2021 and get approved, you’ll earn 100,000 bonus points when you spend $3,000 on eligible purchases within the first 90 days from card approval. It also has a waived annual fee in the first year, reverting to $150 p.a. thereafter.

6.99% p.a.

Balance transfer rate

for 12 months

100,000

Bonus points

20.49% p.a.

Purchase rate

1

Reward point

Per $ spent

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Details

Product NameWestpac Altitude Platinum Credit Card - Existing Customer Offer
Rewards programWestpac Altitude Rewards
Balance transfer rate6.99% p.a. for 12 months
Balance transfer revert rateCash Advance Rate (21.49% p.a.)
Balance transfer limit80% of available limit
Purchase rate20.49% p.a.
Annual fee$0 annual fee for the first year ($150 p.a. thereafter)
Interest-free period45 days
Cash advance rate21.49% p.a.
Min credit limit$6,000
Max credit limit$50,000
Card typeMastercard
Foreign currency conversion fee3%
Minimum income$30,000
Available to temporary residentsYes - Conditions apply
Joint applicationNo

Pros

  • 100,000 bonus Altitude Points when you spend $3,000 in 90 days
  • $0 first-year annual fee ($150 p.a. thereafter)
  • Introductory balance transfer of 6.99% p.a. for the first 12 months
  • Earn up to 3 Altitude Points per $1 spent, uncapped
  • Complimentary travel insurance covers

Cons

  • Only existing Westpac customers can take advantage of the introductory offers
  • 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 points100,000
Rewards points per $ spent1
Annual fee$0 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 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 Platinum credit card is suited to points hunters looking for a modest rewards program and low annual fee. This particular introductory offer is available if you’re a current Westpac customer. For example, if you have a transaction account or loan with the bank. To give you an idea of the potential value, the 100,000 bonus Altitude Points would be enough to get $470 worth of David Jones eGift cards (98,700 points for one $300 card, one $100 card, one $50 card and one $20 card).

If you regularly spent with Uber Eats, Spotify Premium, Qantas or another increased earn rate partner, you could earn up to 3 points per $1 spent. But most of your regular spending like groceries and petrol will only 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

  • 100,000 bonus Altitude Points. Apply for the Westpac Altitude Platinum by 31 March 2021 to receive 100,000 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 $250 cashback on your account (70,500 points for two $100 redemptions and one $50 redemption) or $340 worth of Woolworths Group WISH eGift cards (79,900 points for three $100 eGift cards and two $20 eGift cards). This offer is only available to existing Westpac customers. The bonus points will be credited to your account within 12 weeks of meeting the spend criteria.
  • $0 first-year annual fee. Save with a $0 annual fee for the first year, reverting to $150 p.a. thereafter when you apply as an existing Westpac customer and get approved by 31 March 2021.

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 20.49% p.a. on purchases and 21.49% p.a. on cash advances.

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