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Westpac Velocity Rewards Credit Cards – Earn Velocity Rewards Points

Information verified correct on December 3rd, 2016

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 Velocity rewards and other factors you need to consider so that you can decide if a Westpac Velocity rewards credit card option is right for you.

Westpac Velocity rewards credit card options

You can earn Velocity Rewards with any of the following personal Westpac Altitude credit cards:

Rates last updated December 3rd, 2016
Rewards Points per $ spent (AMEX) Rewards Points per $ spent (VISA/MC) Bonus Points Annual fee
Westpac Altitude Black - Exclusive Offer
Earn 100,000 bonus points when you spend $5,000 on eligible purchases, choose between two reward programs offering Altitude or Qantas Rewards and receive premium cardholder benefits.
3 1.25 100,000 bonus points $395 p.a. Go to site More info
Rates last updated December 3rd, 2016
Rewards Points per $ spent (AMEX) Rewards Points per $ spent (VISA/MC) Bonus Points Annual fee
Westpac Altitude Business Gold Credit Card
Earn up to 2 reward points for every $1 spent on eligible purchases with $0 annual fee for the first year and receive complimentary insurances.
2 1 $0 p.a. annual fee for the first year ($150 p.a. thereafter) More info
Westpac Altitude Business Platinum Credit Card
A platinum business card with a long term purchase rate offer of 0% p.a. for 12 months, with uncapped reward points earnings per dollar spent on eligible purchases.
3 1 $0 p.a. annual fee for the first year ($295 p.a. thereafter) More info

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
Westpac Altitude Platinum
Westpac Altitude Business Gold
Visa: 1 point per $1 spent
Amex: 2 points per $1 spent
Visa: 0.5 points per $1 spent
Amex: 1 point per $1 spent
Westpac Altitude BlackVisa: 1.25 points per $1 spent
Amex: 3 points per $1 spent
Visa: 0.625 points per $1 spent
Amex: 1.5 points per $1 spent
Westpac Altitude Business PlatinumVisa: 1 point per $1 spent
Amex: 3 points per $1 spent
Visa: 0.5 points per $1 spent
Amex: 1.5 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:

  • Dual accounts. Westpac Altitude credit cards come with both a Visa and an American Express card to maximise your rewards. The Amex card earns a higher rate of points per $1 spent, while the Visa card offers greater acceptance and gives you a way to avoid higher Amex surcharges.
  • 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, Altitude Platinum and Business Altitude Gold cards all 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

How can I opt-out of Velocity Auto-Redemption?

If you decide you don’t want to automatically redeem your Altitude Rewards points for Velocity points, call the Altitude Rewards centre on 1300 887 820, 8am-8pm (AEST), Monday to Friday.

Is there a limit to the number of one-off transfers I can do each year?

No, there is no limit, providing you have at least 3,000 Altitude points per transfer.

What other frequent flyer programs can I transfer Altitude points to?

As well as Velocity Frequent Flyer, you can transfer Altitude Rewards points to any of the following programs:

  1. Asia Miles
  2. Air New Zealand Airpoints
  3. Malaysia Airlines Enrich
  4. Singapore Airlines KrisFlyer

Note that different transfer rates and processes may apply. Check the Altitude Rewards website for specific details on any of these rewards programs.

Can I earn Qantas points with a Westpac Altitude credit card?

Yes, you can opt-in to the Altitude Qantas program with a Westpac Altitude, Altitude Platinum or Altitude Black credit card. You can choose this option when you apply, or at any time by calling Westpac Cards Service on 1300 651 089. You should allow at least 10 business days for a request to switch to be processed or as advised at the time of your request.

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15 Responses to Westpac Velocity Rewards Credit Cards – Earn Velocity Rewards Points

  1. Default Gravatar
    Joel | June 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?

    • Staff
      May | June 21, 2016

      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. Staff
    Sally | August 18, 2015

    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-VRod | January 23, 2015

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

    • Staff
      Jonathan | January 23, 2015

      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-VRod | January 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?

    • Staff
      Jonathan | January 27, 2015

      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
    Val | October 23, 2014

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

    • Staff
      Elizabeth | October 24, 2014

      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
    David | July 30, 2014

    Hello,

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

    Many thanks

    • Staff
      Shirley | August 1, 2014

      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
    Louise | June 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?

    • Staff
      Jacob | June 3, 2013

      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
    Leanne | March 28, 2013

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

    • Staff
      Jacob | March 29, 2013

      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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