- No annual fee first year, $150 p.a. thereafter
- 4.99% p.a. for 12 months on balance transfers
- Earn up 1 reward point per $1 spent
- Earn 0.5 Altitude Points on government payments
- Earn a maximum of 20,000 Altitude points in each statement cycle.
- Complimentary International and Domestic Travel Insurance (including COVID-19 coverage effective 30 June 2022, T&Cs apply)
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Westpac Credit Cards
Westpac Altitude Business Gold Mastercard
Updated 13 February 2024
Save with $0 annual fee for the first year and 4.99% p.a. for 12 months on balance transfers. Extend your cashflow with up to 55 days interest free on purchases. Earn rewards points for eligible purchases and tax payments, plus complimentary insurance.
T&Cs apply.
Points Earn Rate (per $1 spent)
1 point
Capped at $20,000
Rewards Program
Altitude Rewards
Bonus Points
N/A
Pros and cons
- High standard interest rates if you hold a balance.
Creditcard.com.au review
Editor Review
Westpac Altitude Business Gold Mastercard
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Westpac Altitude Business Gold Credit Card
Having a business credit card in your wallet can provide a number of convenient benefits. Not only can the right card offer extended cashflow for the business, it can also deliver a host of extras that reward the cardholder, either by making business accounting easier or by offering tangible extras such as complimentary insurances and rewards programs.
However, with a multitude of business credit cards on the market, knowing which one to choose can be tricky. If you’re looking for a card that provides extras beyond the standard business card offering, the Westpac Altitude Business Gold Credit Card could well be worth a closer look.
What we love...
One of the most appealing aspects of the Westpac Altitude Business Gold Credit Card is its current introductory offers. Helping you to save money on your everyday spending, the card is now offering $0 annual card fee for the first year.
If you have existing credit card debt on another card, you could also take advantage of the card’s balance transfer offer, with 4.99% p.a. for 12 months on balance transfers requested at card application. Any transferred balance left unpaid at the end of the introductory period will revert to the card’s purchase rate.
Aside from its introductory offers, this card has plenty to offer. As a rewards card, you could earn 1 point per $1 spent. Government payments attract 0.5 points per $1 spent.
As part of the Altitude Rewards program, points earned can be redeemed for merchandise or gift vouchers, or used to redeem frequent flyer points in five different frequent flyer programs, including Qantas Frequent Flyer, Virgin Australia's Velocity, Air New Zealand Airpoints, Singapore Airlines KrisFlyer and Cathay Pacific AsiaMiles.
What’s not so great...
It’s also worth noting that for each statement cycle, a cap of 20,000 points applies. In addition, the card has a significant annual fee after the first year, and a relatively high rate of interest attached to purchases and cash advances.
Why should you choose this card?
Anything else worth mentioning? Aside from its introductory offers and rewards program, the card may tempt you with a full suite of complimentary insurances.
These include overseas travel insurance and transit accident insurance, purchase security insurance, extended warranty insurance and guaranteed pricing scheme cover and unauthorised transaction insurance.
Other features on offer include easy tax reporting and analysis of business transactions, one additional cardholder at no extra cost, a credit limit from $1,000 to $80,000, and up to 55 days interest free on purchases.
Overall Rating
A feature-packed business credit card offering a convenient rewards program, $0 annual fee for the first year, and 4.99% p.a. on balance transfers for 12 months.
User reviews
Rates and fees
Interest rates
Purchase rate 20.24% p.a.
Cash advance rate 20.74% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 4.99% p.a. for 12 months
Balance transfer revert rate 20.74% p.a.
Balance transfer from personal loan No
Balance transfer fee No fee
Balance transfer limit 80% of approved credit limit
Brands you can't balance transfer from Westpac
Credit limits
Minimum credit limit $1,000
Maximum credit limit $80,000
Fees & repayments
Annual fee $150 p.a.
Additional cardholder fee $0 p.a.
Foreign transaction fee 3%
Minimum repayment 2% or $10 whichever is greater (personal); 3% or $10 whichever is greater (business); $40 (Westpac Flex)
Annual fee the first year $0
Cash advance fee 3%
Late payment fee $0
Rewards and points
Rewards program
Rewards Program
Altitude Rewards
Bonus points N/A
Annual points cap 240,000
Bonus points spend criteria N/A
Earning points with this card
Altitude Rewards points 1 point per $1 spent
Points cap per month Capped at $20,000
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes - up to 3 months
Flight Inconvenience Insurance Yes
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance Yes
Extras
Unauthorised transaction insurance
Overview
Westpac Altitude Business Gold Mastercard
Westpac Altitude Business Gold Credit Card is currently offering $0 annual card fee for the first year, save $150. You can also use this card to take advantage of complimentary insurance covers for business, travel and purchases. There are a couple of convenience points to note with this card too. The 55 days interest free period on purchases can be a real help to a business dealing with minor cash flow issues. Business purchases will also earn Altitude points, until you reach the cap. For each statement cycle a points cap of 20,000 points applies.
Disclaimer: The interest free period is the maximum number of days during which interest is not charged on new purchases. If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the “monthly payment balance” listed on your statement of account (not the full closing balance) by the relevant payment due date.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Key features
- No annual fee first year, $150 p.a. thereafter
- 4.99% p.a. for 12 months on balance transfers
- Complimentary insurance covers for travel, purchases and business
- Earn up 1 reward point per $1 spent
- Earn 0.5 Altitude Points on government payments
- Earn a maximum of 20,000 Altitude points in each statement cycle.
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Australian permanent resident
-
Minimum income of $30,000 p.a.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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