Westpac Altitude Platinum – Velocity – Online Offer

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Get 40,000 bonus Velocity Points and complimentary Economy X Seat Upgrade vouchers with the Westpac Altitude Platinum - Velocity card.

When you apply as a new cardholder by 31 March 2020 and spend $2,000 on eligible purchases within the first 90 days of approval, you will earn 40,000 bonus Velocity Points. You can also take advantage of 0% interest on balance transfers for the first 20 months with no balance transfer fee.

40,000

Bonus points

20.49% p.a.

Purchase rate

0.5

Reward points

Per $ spent (Visa/Mastercard)

$200 p.a.

Annual fee

Details

Product NameWestpac Altitude Platinum Velocity - Online Offer
Rewards ProgramVelocity Frequent Flyer
Balance transfer rate0% p.a. for 20 months
Balance Transfer Revert RateCash Advance Rate (21.49% p.a.)
Balance Transfer Limit80% of available balance
Purchase rate (p.a.)20.49% p.a.
Annual fee$200 p.a.
Interest Free Period45 days
Cash advance rate (p.a.)21.49% p.a.
Min credit limit$6,000
Max credit limit$50,000
Card TypeMastercard
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$30,000
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Joint ApplicationNo

Pros

  • 40,000 bonus Velocity Points when you spend $2,000 in 90 days
  • 0% p.a. balance transfer for 20 months with no balance transfer fee
  • Ability to earn uncapped Velocity Points
  • 2 complimentary Economy X Seat Upgrade Vouchers each year

Cons

  • 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 Points40,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)0.5
Annual fee$200 p.a.
Minimum Monthly Repayment2% of the closing balance or $10, whichever is greater
Late Payment Fee$15
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
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 is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

Not just for Qantas Frequent Flyers anymore, the Westpac Altitude Platinum now offers a Velocity option. This credit card has a straightforward earn rate of 0.5 Velocity Points per $1 spent, with no points cap. It also offers modest travel perks – including complimentary overseas travel insurance, transit accident insurance – and Economy X seat upgrade vouchers on select domestic flights.

Right now, you can also make use of a balance transfer offer of 0% interest for the first 20 months with no balance transfer fee.

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

  • 40,000 bonus Velocity Points. Apply for the Westpac Altitude Platinum - Velocity to receive 40,000 bonus Velocity Points. To get the bonus points, you need to apply before 31 March 2020 and spend a minimum amount of $2,000 on eligible purchases within 90 days from card approval.
  • 0% balance transfer offer. Save with 0% p.a. interest on balance transfers for the first 20 months with no balance transfer fee when you apply and get approved by 31 March 2020. At the end of the introductory period, any remaining balance will revert to the variable cash advance rate, currently 21.49% p.a.

Rates & fees

  • Annual fee. 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 20.49% p.a. on purchases.

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