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Westpac Altitude Platinum – Velocity

Get 70,000 bonus Velocity Points and complimentary Economy X Seat Upgrade vouchers with the Westpac Altitude Platinum - Velocity card.

Apply as a new cardholder by 31 December 2022 and spend $4,000 on eligible purchases in the first 90 days from approval and you'll earn 70,000 bonus Velocity Points. You'll also earn 0.5 Velocity Points per $1 for your everyday spending with the Westpac Altitude Platinum when you choose to earn points directly through the Velocity Frequent Flyer program.

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Bonus points

19.99% p.a.

Purchase rate


Reward points

Per $ spent

$49 p.a.

Annual fee

for the first year ($200 p.a. thereafter)

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Product NameWestpac Altitude Platinum Velocity
Rewards programVelocity Frequent Flyer
Balance transfer rate p.a.0% 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 rate p.a.19.99%
Annual fee$49 for the first year ($200 thereafter)
Interest-free periodUp to 45 days on purchases
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


  • 70,000 bonus Velocity Points
  • 0% p.a. on balance transfers for 24 months
  • Discounted $49 first-year annual fee ($200 thereafter)
  • Ability to earn uncapped Velocity Points
  • 2 complimentary Economy X Seat Upgrade Vouchers per year


  • Charges a one-time 1% balance transfer fee
  • Only offers up to 45 days interest-free on purchases, as opposed to most cards with 55 days
  • 0.5 Velocity Points per $1 spent is relatively low
Rewards programVelocity Frequent Flyer
Bonus points70,000
Rewards points per $ spent0.5
Annual fee$49 for the first year ($200 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 has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Westpac Altitude Platinum Credit Card has a Velocity Frequent Flyer option so you can earn more points for flights and other rewards. The current bonus points offer is competitive with the rest of the market and gives you enough Velocity Points for a return business class flight from Sydney to Perth (71,000 points, plus carrier charges).

How to apply

You can apply for the Westpac Altitude Platinum – Velocity card online in around 10 minutes. Start by checking that you meet the following eligibility requirements and have all the details and documents you'll need to fill out the application form.

Eligibility criteria

  • New customer. The bonus points offer is only available to new cardholders.
  • Residency. This card is available to permanent Australian residents.

Card benefits

  • 70,000 bonus Velocity Points. You'll get 70,000 bonus Velocity Points when you apply for the Westpac Altitude Platinum – Velocity by 31 December 2022 and spend at least $4,000 on eligible purchases within 90 days from card approval.
  • Balance transfer offer. Apply by 31 December 2022 and save on interest costs when paying off existing debt with 0% p.a. balance transfer offer for 24 months with a one-time 1% balance transfer fee. Any remaining balance after the promotional period ends is subject to the variable cash advance rate, currently 21.49% p.a.

Rates & fees

  • Annual fee. Outside of any promotions, the Westpac Altitude Platinum – Velocity card charges a total annual fee of $200. This is made up of a $150 standard annual fee plus a $50 Velocity Rewards fee.
  • Purchase rate. This credit card charges a variable interest rate of 19.99% p.a. on purchases.

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