Westpac credit cards that earn Velocity Points
Earn Velocity Points as you spend or exchange your Altitude Points for frequent flyer rewards with a Westpac credit card.
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Information about Velocity PointsDue to Virgin Australia entering into voluntary administration on 21 April 2020, redemption of Velocity Points has been suspended. As of 15 May 2020, you can redeem points for some domestic flights, however, all other redemption options remain suspended. In addition, the Altitude Velocity rewards program is currently unavailable when applying for an Altitude card. We will update this page with more information as it becomes available.
You can use this guide to compare Westpac credit cards that earn Velocity Points, learn how to exchange your Altitude Points for frequent flyer points and the factors to consider before you apply.
Comparison of Westpac credit cards
How to exchange your Altitude Points for Velocity Points
You can transfer your Altitude Points using the following steps:
- Log in to your Altitude Rewards account at www.altituderewards.com.au.
- Select "Redeem Points" and then select the Velocity Rewards option. You will then be shown the two different ways you can redeem points.
- Select "Transfer Now" for a one-off redemption, or "Set up Auto-Redemption" for automatic redemptions.
- Follow the prompts to complete the redemption process.
If you've opted for a credit card that's linked with the Westpac Altitude rewards program, you can exchange 3 Altitude Points for 1 Velocity Points. You can either choose to do a one-off transfer or set up automatic, monthly redemptions. If you're doing a one-off transfer, you can exchange 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.
If you choose automatic redemption, your entire accumulated Altitude Points balance is transferred to your nominated Velocity Frequent Flyer Account on your credit card statement date every month. A minimum balance of two Altitude points is required for an auto-redemption to occur. Once the points have been transferred, you can expect them in your Velocity account within three business days.
Factors to consider when comparing
If you’re considering getting a Westpac Velocity rewards credit card, the following factors will help you compare your options:
- Exchanging points vs direct earn. Whether you should choose a card that earns Velocity Points directly or Altitude Points depends on your point goals. If you're only interested in travel rewards and flights, you may find more value in the cards that directly earn Velocity Points. Whereas you may prefer to earn Altitude Points if you want the flexibility to redeem products from the Altitude Rewards store, cashback on your account or other frequent flyer points (such as Singapore Airlines KrisFlyer or Air New Zealand Airpoints). The cards that earn Velocity Points charge higher annual fees but the flight rewards you could redeem may outweigh this cost.
- Bonus points and earn rates. These cards regularly offer thousands of bonus points to new customers who meet the spend requirements. As well as the card's regular earn rates, consider these introductory bonus points offers and how many points you'll earn per $1 to decide which card could offer you the most value.
- Complimentary extras. Like many rewards and frequent flyer cards, most of these products also come with extra features. Depending on the card, this could include complimentary travel insurance, airport lounge passes, concierge services and more. Make sure to compare these features and whether or not you'll use them before you apply.
If you're a Velocity Points chaser, Westpac offers a few cards to help reward your spending. Before you pick a card, make sure to compare these offers with other Velocity credit cards to find the right one for you.
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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.