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Westpac Altitude Business Platinum credit card
Westpac Altitude Business Platinum credit card

Westpac Credit Cards

Westpac Altitude Business Platinum credit card

Updated 30 June 2020

Apply by 29 September 2020

Points Earn Rate (per $1 spent)

1

point

Altitude

Rewards Program

Altitude Rewards

Bonus Points

N/A

0 points over 12 months spend

My monthly card spend

Pros and cons

  • No annual fee first year, $200 p.a. thereafter
  • 4.99% p.a. for 12 months on balance transfers
  • Complimentary Platinum insurance covers for purchases, business and travel
  • Earn 1 Altitude Point with any Australian merchants
  • Earn 2 Altitude Points with any Overseas merchants
  • Earn 0.5 Altitude Points on government payments
  • No cap on points earning

  • No lounge access

Creditcard.com.au review

Editor Review

Westpac Altitude Business Platinum credit card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Westpac Altitude Business Platinum Credit Card

Looking for a platinum business card that really packs a punch? If you’ve spent time comparing business credit card options, you’ll know that not all are created equal. As a guide, you’ll usually find platinum options tend to offer more in features and extras, but also tend to charge more in annual fees as well.

Weighing up pretty nicely on the outlay vs. return scale, the Westpac Altitude Business Platinum Credit Card provides an excellent set of features, a great rewards program, plus some very appealing introductory offers, all with an annual fee that you may indeed find reasonable.

What we love...

The card has $0 annual fee for the first year - which gives you a big saving of $200. The other introductory offer is for cardholders who have existing credit card debt that they want to pay off. With this balance transfer offer, you can benefit from a rate of 4.99% p.a. for 12 months on balance transfers requested at card application.

Now, on to those amazing features we talked about. As the name suggests, the Westpac Altitude Business Platinum Credit Card is a rewards card that earns points on the Altitude program.

In terms of the earn rate, cardholders can earn uncapped points, with 2 points per $1 spent with overseas merchants, and 1 point per $1 spent within Australia. Government payments attract 0.5 points per $1 spent.

You could choose to redeem your points for travel, flights, merchandise and gift vouchers within the Altitude program, or alternatively, redeem them for frequent flyer points within Qantas Frequent Flyer, Malaysia Airline's Enrich, Air New Zealand Airpoints, Singapore Airlines KrisFlyer or Cathay Pacific AsiaMiles.

What’s not so great...

It’s worth noting that this card has an ample annual fee and a relatively high rate of interest on cash advances and purchases. If you choose to take advantage of the balance transfer offer, keep in mind that there are other options out there offering lower rates of interest, which could allow you to save more money in the long run.

Why should you choose this card?

Want more? Don’t worry, this card has even more features to tempt you. As a cardholder, you can benefit from the services of a platinum concierge, as well as one additional cardholder at no extra cost, up to 45 days interest free on purchases, and easy tax reporting and analysis of your business transactions.

There is also an array of complimentary insurances on offer, which include overseas travel insurance and transit accident insurance, purchase security insurance, extended warranty insurance and guaranteed pricing scheme cover, and unauthorised transaction insurance and business inconvenience insurance.

Overall Rating

A platinum rewards business card that is jam-packed with features, currently offering $0 annual fee for the first year, and 4.99% p.a. on balance transfers for 12 months.

User reviews

Westpac Altitude Business Platinum credit card ( based on 2 Creditcard.com.au user reviews )

95% rating based on 2 reviews

Rates
Fees
Rewards
Customer Service
Value

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 45 days

Balance transfer

Balance transfer rate 4.99% p.a. for 12 months

Balance transfer revert rate 20.24% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

Balance transfer limit 80% of approved credit limit

Banks you can't balance transfer from Westpac

Credit limits

Minimum credit limt $20,000

Maximum credit limit $150,000

Fees & repayments

Annual fee $200 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 2%

Annual fee the first year $0

Cash advance fee 2%

Late payment fee $15

Rewards and points

Rewards program

Rewards Program Altitude Rewards Altitude Rewards

Bonus points N/A

Annual points cap uncapped

Bonus points spend criteria N/A

Earning points with this card

Altitude Rewards points 1 point per $1 spent

Points cap per month N/A

Overseas earn rate 2 points per $1 spent

Additional features

Complimentary insurance

International Travel Insurance Yes - up to 6 months

Flight Inconvenience Insurance No

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance No

Extras

Unauthorised transaction insurance

Business inconvenience insurance

Overview

Westpac Altitude Business Platinum credit card

With the Westpac Altitude Business Platinum, the $200 annual fee is waived in the first year. On top of that, you can earn up to 2 Altitude points per $1 spent with the exception on government purchases which you earn 0.5 Altitude points per $1.

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.

Key features

  • No annual fee first year, $200 p.a. thereafter
  • 4.99% p.a. for 12 months on balance transfers
  • Complimentary Platinum insurance covers for purchases, business and travel
  • Earn 1 Altitude Point with any Australian merchants
  • Earn 2 Altitude Points with any Overseas merchants
  • Earn 0.5 Altitude Points on government payments
  • No cap on points earning whatsoever.

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

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

5 questions (showing the latest 10 Q&As)

Al

Al

12 June 2020
How does this card work with Qantas points? Are the 80,000 altitude rewards points equivalent to 80,000 qantas reward points?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    15 June 2020
    Hi Al, Altitude points are not as strong as Qantas points. I had a bit of a hard time tracking the conversion down but it looks like 2:1. If you are keen on Qantas earning then another more focused card would be best. The big points earning are with the AMEX Qantas Business at 1.25 points per $ uncapped. The NAB Qantas Business Signature has a 0.67 earn rate to top out the Visa side. Depending on your spend and ability to use AMEX. You could have 2 cards (AMEX + Visa/MasterCard).
Cheryl Wraith

Cheryl Wraith

1 March 2020
can I convert my altitude business platinum mastercard points to cash
mark

mark

30 December 2019
Is this the best card available from westpac for business purchases?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 December 2019
    Hi Mark, it depends on the rewards you want to earn. Check out also the BusinessChoice Platinum with 120k bonus Qantas points right now.
Brian Hughes

Brian Hughes

13 November 2019
1. Is the travel insurance policy the same with MasterCard , where can I download the policy . 2. Overseas car rental , is the excess covered in this policy 3. We will be skiing in Austria , are we covered for any accidents that may occur.
Chris

Chris

24 October 2019
We have been in business just over 7 months, would we be able to get a business credit card. We have an ABN and are registered for GST Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 October 2019
    Hi Chris, typically I would suggest you apply when your business is at least 12 months old. It is hard to get approved otherwise. 1 year of trading is the basic amount of time banks expect before giving credit.

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