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Westpac Frequent Flyer Rewards Credit Cards – Earn Velocity Points

Boost your Velocity frequent flyer point balance with a Westpac frequent flyer credit card.

If you have a Westpac Altitude credit card, you can transfer your rewards points to the Velocity frequent flyer program. Here, we look at how this option works, the range of Westpac credit cards that offer Altitude rewards and other factors you need to consider so that you can decide if a Westpac rewards credit card option is right for you.

Westpac Credit Card Offer

American Express Westpac Altitude Platinum Bundle - Qantas

Up to 75,000 bonus Qantas Points on eligible spend
$50 annual fee for the first year

Offer ends 27 November 2018

Eligibility criteria, terms and conditions, fees and charges apply

Westpac Credit Card Offer

Receive up to 75,000 bonus Qantas Points (60,000 on Visa and 15,000 on Amex) when you meet the spend criteria and save with a reduced annual fee of $50 in the first year.

  • $50 p.a. annual fee for the first year ($249 p.a. thereafter).
  • 20.24% p.a. on purchases
  • Cash advance rate of 20.74% p.a.
  • Up to 45 days interest free
  • Minimum income requirement of $50,000 p.a.
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Compare Westpac Altitude Credit Cards

Rates last updated October 20th, 2018
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
American Express Westpac Altitude Platinum Bundle - Qantas
75,000 bonus points
Qantas Frequent Flyer
1
0.5
20.24% p.a.
$50 p.a. annual fee for the first year ($249 p.a. thereafter)
Up to 75,000 bonus Qantas Points when you meet the criteria with this dual Visa (issued & serviced by Westpac) & Amex (issued & serviced by Amex).
American Express Westpac Altitude Platinum Bundle
75,000 bonus points
Westpac Altitude Rewards
2
1
20.24% p.a.
$0 p.a. annual fee for the first year ($199 p.a. thereafter)
$0 first year annual fee & up to 75,000 bonus Altitude Pts when you meet T&C with this Visa (issued by Westpac) & Amex (issued & serviced by Amex).
Westpac Altitude Platinum Card
60,000 bonus points
Westpac Altitude Rewards
1
20.24% p.a.
$0 p.a. annual fee for the first year ($150 p.a. thereafter)
Earn 60,000 bonus Altitude Points when you spend $3,000 within 90 days of card approval. Plus, a $0 first year annual fee.
Westpac Altitude Black
80,000 bonus points
Westpac Altitude Rewards
1.25
20.24% p.a.
$250 p.a.
Earn 80,000 bonus Altitude Points when you spend $3,000 on eligible purchases. Plus, 2 yearly Priority Pass lounge invitations.
American Express Westpac Altitude Black Bundle - Qantas
120,000 bonus points
Qantas Frequent Flyer
1.25
0.75
20.24% p.a.
$300 p.a. annual fee for the first year ($499 p.a. thereafter)
Score up to 120,000 bonus Qantas Points when you meet the T&C with Mastercard (issued by Westpac) & Amex (issued & serviced by Amex).
American Express Westpac Altitude Black Bundle
120,000 bonus points
Westpac Altitude Rewards
3
1.25
20.24% p.a.
$250 p.a. annual fee for the first year ($449 p.a. thereafter)
Earn up to 120,000 bonus Altitude Points when you meet the T&C with Mastercard (issued by Westpac) & Amex (issued & serviced by Amex).
Westpac Altitude Black - Qantas
80,000 bonus points
Qantas Frequent Flyer
0.75
20.24% p.a.
$300 p.a.
Earn 80,000 bonus Qantas Points when you spend $3,000 on eligible purchases. Plus, 2 yearly Qantas Club lounge invitations.

Compare up to 4 providers

All of these cards earn Altitude reward points per $1 spent on everyday purchases. These points can then be transferred to your current Velocity frequent flyer membership account, allowing you to “indirectly” earn Velocity points for spending on your Westpac credit card.

How to get Velocity points with a Westpac credit card

The Westpac Altitude Rewards program gives you the choice of one-off transfers to your Velocity frequent flyer account or ongoing, automatic redemptions every month. The details for each of these options, as well as other terms and conditions, are outlined below:

  • One-off transfer. There is a minimum of 3,000 Altitude points per transfer and any additional increments must be made in multiples of 500 Altitude points at a time.
  • Auto-redemption. With this option, your entire accumulated Altitude points balance is transferred across to your nominated Velocity Frequent Flyer Account every month, on your credit card statement date. A minimum balance of two Altitude points is required for an auto-redemption to occur.
  • Transfer rate. Both of these options offer one Velocity point for every two Altitude Rewards points.
  • Velocity membership. You must be a current member of the Velocity frequent flyer program to transfer points. You can sign up for membership at no cost on the Velocity website. The name on your Velocity membership must also match the name of the primary cardholder on the Westpac Altitude account.
  • Transfer time. Be sure to allow three business days for transfers to be processed.

How to transfer your Altitude Rewards to Velocity Points

You can transfer your Altitude Rewards using the following steps:

  1. Log in to your Altitude Rewards account at www.altituderewards.com.au.
  2. Select “Redeem Points” and then select the Velocity Rewards option. You will then be shown the two different ways you can redeem points.
  3. Select “Transfer Now” for a one-off redemption, or “Set up Auto-Redemption” for automatic redemptions.
  4. Follow the prompts to complete the redemption process.

How many Velocity points per $1 can I earn with a Westpac credit card?

While Westpac Altitude rewards cards don’t directly earn Velocity points, the table below shows the equivalent points per $1 you get for each card if you transfer your Altitude points to Velocity.

CardAltitude Rewards earn rateVelocity points per $1 equivalent
Westpac Altitude Platinum
Westpac Altitude Business Gold
1 point per $1 spent0.5 points per $1 spent
Westpac Altitude Black1.25 points per $1 spent0.625 points per $1 spent
Westpac Altitude Business Platinum1 point per $1 spent0.5 points per $1 spent

Factors to consider

If you’re considering getting a Westpac Velocity rewards credit card, the following factors will help you compare your options:

  • Point transfer rate. The Altitude Rewards transfer rate of 2:1 means that you will end up with fewer Velocity points when compared to Altitude points, which could affect the overall value of the card. Make sure you consider the equivalent earn rate for Velocity points before choosing a card, and weigh up the benefits versus the costs (such as the annual fee).
  • Points caps. The Westpac Altitude Platinum and Business Altitude Gold cards limit the amount of points you can earn each statement period. Depending on how much you spend on the account, these caps could restrict the amount of Velocity points you could potentially earn. You can estimate the impact a points cap will have by considering your average monthly spend versus the earn rate for the card. For example, if you have a points cap of 5,000 but only spend $3,000 per month, it won’t impact on your rewards, but it will if you spend an average of $6,000 per month.
  • Annual fees. Westpac Altitude credit cards have annual fees ranging from $100 to $395. Make sure you weigh this cost up against the potential value you’ll get out of the rewards program, and pay particular attention to the transfer rate if you want to earn Velocity rewards.
  • Complimentary extras. As with many other frequent flyer credit cards, the Westpac Altitude Platinum, Black, Business Gold and Business Platinum cards all come with a range of complimentary extras, including travel insurance. Make sure you check the conditions around these types of features, and remember that they will only add value to the account if you actually use them.

Westpac Altitude Rewards cards allow you to boost your Velocity frequent flyer balance through your everyday credit card spending. With two options for transferring Altitude points to your Velocity account, you can also choose how and when you earn points. Now, it’s just a matter of comparing these options to other Velocity credit cards so that you can find the right one for you.

Frequently Asked Questions

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Important Information*
Qantas Premier Everyday

Interest rate

19.99

Annual fee

0*

*$49 p.a. after first year

Westpac Low Rate Card

Interest rate

13.49

Annual fee

0*

*$59 p.a. after first year

ANZ Low Rate

Interest rate

12.49

Annual fee

58

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15 Responses

  1. Default Gravatar
    JoelJune 19, 2016

    I am a Westpac Altitude card holder with an Amex and Visa card. Can you please tell me what is the equation of Altitude points to Velocity points by card type?

    • finder Customer Care
      MayJune 21, 2016Staff

      Hi Joel,

      Thanks for your inquiry.

      With your Westpac Altitude Credit card, you’ll be able to earn 2 Altitude Points on Altitude American Express Card and 1 Altitude Point on the Altitude Visa Card. If you decide to transfer these points to your Velocity frequent flyer account, the conversion/transfer rate will be: 2 Altitude Points = 1 Velocity Point.

      I hope this has answered your question.

      Cheers,
      May

  2. finder Customer Care
    SallyAugust 18, 2015Staff

    Hi Leila,

    Thank you for your inquiry.

    Unfortunately, Westpac Altitude Black points can’t be transferred to Etihad Airways Guest frequent flyer points. However, rewards can be redeemed on Virgin Australia, Air New Zealand, Malaysia Airlines, Singapore Airlines and Air Asia. If you opt for the Qantas Rewards program, then you can redeem points with Qantas.
    It may take around 2-3 days for your Altitude Points to appear in your frequent flyer account.

    Kindly refer to this page for the types of rewards available in the Altitude program.

    I hope this helps.

    Cheers,

    Sally

  3. Default Gravatar
    Ozi-VRodJanuary 23, 2015

    Can I transfer Altitude points to a One World alliance airline & if so, how do I access a milage/points calculator

    • finder Customer Care
      JonathanJanuary 23, 2015Staff

      Hi Ozi-VROD,

      Thanks for your inquiry!

      Altitude points can be transferred to: Velocity Points, Asia Miles, Airpoints Dollars, KrisFlyer Miles, Cathay Pacific Air Miles and Malaysia Airlines Enrich Miles. The full list of One World Alliance member airlines are available on this page.
      Please see the section on Westpac Altitude Rewards for points conversion rates on this page.

      I hope this helps!

      Cheers,

      Jonathan

    • Default Gravatar
      Ozi-VRodJanuary 27, 2015

      Thanks
      Does that mean I need to join a “One World FF” program or is membership of a One World alliance airline FF program sufficient?

      Can I transfer Altitude points to say Qantas or Singapore FF programs & book flights on One World Alliance airlines such as American or LAN through them?

    • finder Customer Care
      JonathanJanuary 27, 2015Staff

      Hi Ozi-VRod,

      Thanks for your inquiry,

      A membership of a One World Alliance Airline FF program would be sufficient, as long as the frequent flyer program is compatible with Altitude points.

      Only if the respective frequent flyer programs support booking flights through other airlines would this be possible.

      I hope this has helped!

      Cheers,

      Jonathan

  4. Default Gravatar
    ValOctober 23, 2014

    We have just closed our account with westpac we have over 300,000 velocity points can you advise do we loose these

    • finder Customer Care
      ElizabethOctober 24, 2014Staff

      Hi Val,

      Thanks for your question.

      As these are your Velocity Points they are part of your Velocity account and will not be lost when you close your account.

      I hope this has helped.

      Thanks,

      Elizabeth

  5. Default Gravatar
    DavidJuly 30, 2014

    Hello,

    Are westpac altitude points able to be transferred to emirates skywards points?

    Many thanks

    • finder Customer Care
      ShirleyAugust 1, 2014Staff

      Hi David,

      Thanks for your question.

      Yes they can, you can also directly redeem your Westpac Altitude Points for flights on Emirates.

      Cheers,
      Shirley

  6. Default Gravatar
    LouiseJune 2, 2013

    I currently have an AMEX and MasterCard with Westpac attached to a Qantas reward scheme, can I transfer these credit cards to a Velocity Reward Scheme instead?

    • finder Customer Care
      JacobJune 3, 2013Staff

      Hi Louise. Thanks for your question. Yes, you can transfer to a Virgin Velocity branded credit card. If you’re looking to transfer the balance from your old card to a new card, it doesn’t matter which rewards scheme you’re with, the important thing is that the cards are not related (for instance, you can’t transfer from ANZ to ANZ). If you’re switching rewards programs, if you close your old frequent flyer membership, the rewards value will be lost. You’re under no obligation to close your old account though, and you will need to open a new frequent flyer membership when you open a new card linked to this rewards program (this is complimentary and automatic with some cards though). Let me know if there’s anything else you need to know about this. Jacob.

  7. Default Gravatar
    LeanneMarch 28, 2013

    Can i change my Altitude points to Qantas points for their frequent flyer program?

    • finder Customer Care
      JacobMarch 29, 2013Staff

      Hi Leanne. Thanks for your question. Altitude points can be transferred to: Velocity Points, Airpoints Dollars, KrisFlyer Miles, Cathay Pacific Air Miles and Malaysia Airlines Enrich Miles. Check this page for transfer rates. Westpac have individual products which allow you to earn Qantas Points. Jacob.

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