Westpac Altitude Platinum Credit Card – Existing Customer Offer

Last updated: Jan 21, 2021

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

Reward point

Per $ spent

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Details

Product Name	Westpac Altitude Platinum Credit Card - Existing Customer Offer
Rewards program	Westpac Altitude Rewards
Balance transfer rate	6.99% p.a. for 12 months
Balance transfer revert rate	Cash Advance Rate (21.49% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	20.49% p.a.
Annual fee	$0 annual fee for the first year ($150 p.a. thereafter)
Interest-free period	45 days
Cash advance rate	21.49% p.a.
Min credit limit	$6,000
Max credit limit	$50,000
Card type	Mastercard
Foreign currency conversion fee	3%

Minimum income	$30,000
Available to temporary residents	Yes - Conditions apply
Joint application	No

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 program	Westpac Altitude Rewards
Bonus points	100,000
Rewards points per $ spent	1

Annual fee	$0 annual fee for the first year ($150 p.a. thereafter)
Minimum monthly repayment	2% of the closing balance or $10, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	3%
Cash advance fee	2% or $2.50, whichever is greater
Overseas cash advance fee	2%
Additional cardholder fee	$0
Number of additional cardholders	1

Expert review

Review by

Amy Bradney-George

amy.bradney-george@finder.com

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.

This card offers complimentary travel insurance, but it doesn’t come with other travel perks like airport lounge passes or vouchers that you can expect with more premium rewards cards. If you prefer to earn frequent flyer points for your spending, check out our review of the Westpac Altitude Platinum - Velocity card or the Westpac Altitude Platinum - Qantas card.

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.

Existing Westpac customer. To be eligible for the bonus points offer, you must already bank with Westpac. If you want to take advantage of this offer but don't have any Westpac accounts yet, you can compare a range of Westpac savings and bank accounts on Finder. Or, look at other Westpac credit cards – including some with offers for new customers. Existing Westpac customers who currently hold an Earth Classic, Earth Platinum, Earth Platinum Plus, Earth Black, Altitude Classic, Altitude Platinum or Altitude Black credit card, or who have held one in the last 12 months, are not eligible for this offer.
Age. You must be at least 18 years of age.
Eligible balance transfer debt. You can transfer from $200 up to 80% of your available credit limit from up to 3 Australian credit, charge or store cards not issued by Westpac.

Required documents

Proof of identification. This can be your Australian driver's license, Medicare card or Australian passport.
Income and expenses. You'll need proof of your income and financial history, such as payslips or tax documents. You'll also need to provide information regarding any liabilities and dependents.
Employment details. You'll need to list your employer's details like the address and phone number and proof of any other financial commitments like investment properties.
Balance transfer information. To transfer a balance, you'll need to provide the account numbers of the cards you'd like to transfer, the provider's biller codes and the debt amounts.

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.

Balance transfer offer. Save on interest costs when you pay off existing debt with a 6.99% p.a. balance transfer offer for 12 months with no balance transfer fee when you apply for the card. Any remaining balance after the promotional period ends is subject to the variable cash advance rate, currently 21.49% p.a.
Standard earn rates. With your Altitude Platinum credit card, you can earn up to 3 points per $1 spent on eligible purchases. Earn 3 Altitude points per dollar spent (up to $10,000 per calendar month) on flights purchased in Australia directly with Qantas and Jetstar, then 1 point per $1 spent thereafter. Earn 2 Altitude Points per $1 spent on overseas spend and with Spotify Premium, Uber, Uber Eats and AirBnb. Earn 1 Altitude Point per $1 spent on all other eligible purchases (uncapped).
Complimentary insurances. You get a wide range of insurance covers with your platinum credit card. You can benefit from overseas travel insurance that includes medical expenses, lost or damaged property, personal liability, and more. You'll also enjoy transit accident insurance, purchase security insurance and extended warranty coverage.
Mobile Wallets. You can link your Westpac Altitude Platinum credit card with Apple Pay, Samsung Pay, or Google Pay to make contactless payments at the checkout with your Apple, Samsung or Android device. You can also pay with your eligible fitness tracker thanks to Fitbit Pay and Garmin Pay.

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.

Interest-free period. You will receive up to 45 days interest-free on new purchases when you pay your monthly payment balance listed on your statement in full by the payment due date. Note that these interest-free days are separate from any longer-term interest rate promotions and the monthly payment balance excludes current balance transfers.
Additional cardholder. You can earn points faster by adding 1 additional cardholder for $0.

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Westpac Altitude Platinum Credit Card – Existing Customer Offer