Westpac Altitude Platinum Credit Card

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 Platinum Credit Card

Offering you the choice of two rewards programs, the Westpac Altitude Platinum Credit Card is a flexible credit card with an excellent range of platinum perks. Apply today and you’ll pay a discounted annual fee for the first year of $49, and benefit from 110,000 bonus Altitude points when you spend $3,000 on eligible purchases within 90 days of card approval. If you need to transfer over credit card debt from another provider, this offer also has that covered. It comes with 0% p.a. for 24 months on balance transfers requested at card application. A one off 1% balance transfer fee applies.

What we love…

One of the great things about the Westpac Altitude Platinum Credit Card is its flexibility and that as a cardholder, you can choose to earn points on the Altitude program, or you can opt in to the Qantas program for an additional fee of $50. Regardless which program you choose, you can take advantage of 110,000 bonus points to get you started on your points-earning journey. In this review we will be taking a look at the Altitude Rewards. If you want to earn Qantas points instead, please have a look at Westpac Altitude Platinum Credit Card – Qantas.

To get your hands on those bonus points, all you need to do is apply and be approved by 30 June 2022, and then spend $3,000 on eligible purchases within 90 days of card approval. After you have reached that spend, the bonus 110,000 Altitude points will be credited to your account within 12 weeks.

Altitude

So, should you choose Altitude or should you opt for Qantas? Let’s look at the Altitude program. If you opt in to Altitude, you can earn 1 Altitude point for every $1 you spend on eligible purchases. The points you earn can be redeemed within the Altitude Store for a wide range of gift cards, travel and products, such as tech, homewares and fashion.

Altitude Points earn rate on eligible purchases, uncapped:

• Earn 3 Altitude points per dollar spent up to $10,000 per calendar month on flights purchased in Australia directly with Qantas and Jetstar, then 1 point per $1 spent thereafter.
• Earn 2 Altitude Points per dollar spent on overseas spend and with Spotify Premium, Uber, Uber Eats and AirBnb.
• Earn 1 Altitude Point per dollar spent on all other everyday eligible purchases.

Within the Altitude Store, you could redeem 110,000 Altitude points for $250 cashback (using 70,500 points), or you could opt for a gift card, redeeming 79,900 Altitude Points for a $340 Woolworths Supermarket e-Gift card. Point calculations are accurate but may be subject to change without notice.

Westpac Altitude Platinum Credit Card is full packed with attractive offers. Aside from the bonus points offer, it also provides 0% p.a. for 24 months on balance transfers requested at card application. A 1% balance transfer fee applies and the rate reverts to the variable cash advance rate after the promotional period ends. Plus, you will also enjoy all these features with a discounted annual fee for a year. Pay $49 for the first year and save $101 ($150 ongoing annual fee). Both offers are available until 30 June 2022.

What’s not so great…

As with most rewards cards, the interest charge is not low and the Westpac Altitude Platinum Credit Card is no exception. With both the purchase rate and cash advance rate being relatively high, it’s best to avoid cash advances and to clear your balance month-to-month.

Why should you choose this card?

If you’re looking for a flexible rewards card with some nice extras on the side, the Westpac Altitude Platinum Credit Card could be well worth looking into. As a cardholder, you will pay an affordable ongoing annual fee (for a platinum rewards card, at least) of $150 p.a.

You also have the opportunity to earn points faster, by adding one additional cardholder at no extra cost. As for features, cardholders can benefit from a range of complimentary insurance covers, including cover for overseas travel, extended warranty, purchase security, and transit accidents, as set out in the policy.

Overall Rating

The Westpac Altitude Platinum Credit Card is a flexible rewards card with platinum perks and 110,000 bonus Altitude points on offer. Plus discounted annual card fee of $49 for the first year and 0% p.a. for 24 months on balance transfers requested at card application. 1% balance transfer fee applies.