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Westpac Altitude Rewards and Velocity Auto-Redemption

Spend with your Westpac credit card and earn Velocity Points straight to your frequent flyer account.

It’s as simple as it sounds. In February 2016, Westpac and Velocity joined forces to offer Altitude Rewards cardholders a "Velocity Auto-Redemption" option. If you opt for this service, your Altitude Points will automatically convert to Velocity Points on a monthly basis.

The transfer exchange rate is the same as if you conducted the transfer manually (1 Velocity Point per 2 Altitude Rewards), but it’s the convenience of not having to lift a finger that makes the new tool so appealing. Use this guide to discover how the auto-redemption function works and how you can turn your Westpac credit card purchases into Velocity frequent flyer points.

How can I sign up for Auto-Redemption and take advantage of the bonus offers?

  1. Sign into your online Altitude Rewards account
  2. Select “Rewards Account” and “Manage Auto-Redemptions”
  3. Once you’ve opted in, your bonus points will automatically go into your Velocity account at the end of the month

If you were already transferring your Altitude Rewards for Velocity Points, this could be a great way to earn some bonus rewards and simplify the process. However, if you don’t always use your Altitude Rewards for Velocity Points, you might want to reconsider signing up. Once you opt in, your Altitude Rewards lose their flexibility and can’t be redeemed for anything except Velocity Points. Given the exchange rate is currently 2 Altitude Rewards for 1 Velocity Point, you also might want to consider other ways to also earn Velocity Points if you want to redeem rewards faster.

Consider how you usually use your points and whether Auto-Redemption is the most valuable option before signing up.

Sally McMullen

Sally McMullen is a journalist at finder.com.au who is a credit cards, frequent flyer and travel money expert by day and music maven by night.

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