Westpac Altitude Credit Cards

Information correct at 13/09/2016.

Westpac logo

Westpac Altitude is a rewards program that encompasses a line of credit card products provided by Westpac. Westpac is also a provider of business credit cards, loans, bank accounts, investment products, and insurance products.

“Australia – proudly supported by Westpac.”

The Westpac Altitude line of credit card products offers a choice of two rewards programs – Altitude Rewards and Altitude Qantas. We have outlined the features and rates of the credit cards in the Westpac Altitude Rewards and Westpac Altitude Qantas programs below.

Sign-up bonus offers apply from time to time. For example, at the time of writing (September 2016), new Westpac Altitude Credit Card cardholders can get 50,000 bonus Qantas Points or Altitude Rewards Points on a new card if they spend $2,500 within 90 days of card approval.

Westpac also offers a range of Altitude business credit cards designed for sole traders, small business, SMEs, and larger companies. We have written about Westpac’s business credit cards here.

The inclusions mentioned represent a selection of what is covered at the time of writing. Additional terms and conditions may apply to different features. Additional fees may apply to the product. CANSTAR is not making any suggestion or recommendation to you about this product. Please ensure that you read the product disclosure statement to determine all the current options and inclusions for the product you are considering.

 

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Westpac Altitude Credit Card

Altitude Classic

Features

  • Card type: American Express and VISA
  • Minimum credit limit: $500
  • Minimum income recommended for eligibility: $30,000 p.a.
  • Rewards program:
    • Altitude Rewards: Earn 2 Altitude Points for every dollar spent on eligible purchases with American Express; earn 1 Altitude Point for every dollar spent on VISA. Points earning is capped at 5,000/month. Points are redeemable for gift cards, merchandise, travel, and frequent flyer rewards.
    • Altitude Qantas: Earn 1 Qantas Point for every dollar spent on eligible purchases with American Express; earn 0.5 Qantas Points for every dollar spent on VISA. Points earning is capped at 2,500/month. Points are redeemable for flights, gift cards, and merchandise.
    • Exclusive offers: American Express Connect benefits include exclusive pre-sale access to event tickets, lounges, dining, and shopping offers.
  • Contactless payments: Samsung devices are enabled for contactless payments using your smartphone with the Westpac banking app. Visa payWave enables contactless payments with the card (without a PIN for purchases under $100 and with a PIN for purchases of $100 or more).
  • Online: Card can be managed through online banking and mobile banking app.
  • Insurance (optional):
    • Credit Card Repayment Protection is available for an extra cost, to help cover the cost of 6% of your monthly balance if you can’t work due to illness, injury, disease, or losing your job. The cost of premiums for this cover depends on your balance, from $0/month for a nil balance up to $26/month for a $5,000 balance.
  • Security: Card protected by Westpac Added Online Security when shopping online, Fraud Money Back Guarantee, and chip technology.

Rates and Fees

  • Introductory interest rate on purchases:00% p.a. for up to 12 months from card approval
  • Interest rate on purchases: 24% p.a.
  • Interest free days: Up to 45 days if balance paid in full every month
  • Cash advance rate: 74% p.a.
  • Cash advance fee: Greater of 2% or $2.50
  • Balance transfer rate: 0% for first 16 months (afterwards reverts to 20.24% a.)
  • Annual fee: $100 ($0 for first year for existing Westpac customers at time of writing)
  • Additional cardholder annual fee: $0/card for one additional cardholder (must be 16 years or older)
  • Minimum monthly repayment: Greater of 2% of balance or $10
  • Payment handling fee: $0
  • International fees: 3% on all transactions overseas on VISA or 3.5% on AMEX. 3% on all international online shopping purchases on VISA or 0% on AMEX. Greater of 2% or $2.50 for international cash advances, plus normal cash advance fee.
  • Paper statement fee: $7.50/duplicate statement ordered
  • Late fee for overdue minimum payment: $9
  • Over-the-limit fee: $0 for new cards, $9 for cards opened before 4 June 2012
  • Dishonour fee: $9

 

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Westpac Altitude Platinum Credit Card

Altitude Platinum

Features

  • Card type: American Express and VISA
  • Minimum credit limit: $6,000
  • Minimum income recommended for eligibility: $30,000 p.a.
  • Rewards program:
    • Altitude Rewards: Earn 2 Altitude Points for every dollar spent on eligible purchases with American Express; earn 1 Altitude Point for every dollar spent on VISA. Points earning is capped at 7,500/month. Points are redeemable for gift cards, merchandise, travel, and frequent flyer rewards.
    • Altitude Qantas: Earn 1 Qantas Point for every dollar spent on eligible purchases with American Express; earn 0.5 Qantas Points for every dollar spent on VISA. Points earning is capped at 3,750/month. Points are redeemable for flights, gift cards, and merchandise.
    • Concierge: 24/7 personal concierge available worldwide.
    • Exclusive offers: American Express Connect benefits include exclusive pre-sale access to event tickets, lounges, dining, and shopping offers.
  • Contactless payments: Samsung devices are enabled for contactless payments using your smartphone with the Westpac banking app. Visa payWave enables contactless payments with the card (without a PIN for purchases under $100 and with a PIN for purchases of $100 or more).
  • Online: Card can be managed through online banking and mobile banking app.
  • Insurance (complimentary):
    • Complimentary Overseas Travel Insurance for overseas trips up to 3 months when you pay at least $500 of your prepaid travel costs using the card.
    • Transit Accident Insurance up to $250,000 for accidental death or injury while a passenger on a plane, bus, train, or ferry.
    • Purchase Security Insurance protects against loss, theft, or accidental damage on a range of personal items purchased on the card, for up to 3 months from date of purchase.
    • Extended Warranty Insurance extends the manufacturer’s Australian warranty on a range of personal items purchased on the card, for up to an additional 12 months.
  • Insurance (optional):
    • Credit Card Repayment Protection is available for an extra cost, to help cover the cost of 6% of your monthly balance if you can’t work due to illness, injury, disease, or losing your job. The cost of premiums for this cover depends on your balance, from $0/month for a nil balance up to $26/month for a $5,000 balance.
  • Security: Card protected by Westpac Added Online Security when shopping online, Fraud Money Back Guarantee, and chip technology.

Rates and Fees

  • Introductory interest rate on purchases:00% p.a. for up to 12 months from card approval
  • Interest rate on purchases: 24% p.a.
  • Interest free days: Up to 45 days if balance paid in full every month
  • Cash advance rate: 74% p.a.
  • Cash advance fee: Greater of 2% or $2.50
  • Balance transfer rate: 0% for first 16 months (afterwards reverts to 20.24% a.)
  • Annual fee: $150 ($0 for first year for existing Westpac customers at time of writing)
  • Additional cardholder annual fee: $0/card for one additional cardholder (must be 16 years or older)
  • Minimum monthly repayment: Greater of 2% of balance or $10
  • Payment handling fee: $0
  • International fees: 3% on all transactions overseas on VISA or 3.5% on AMEX. 3% on all international online shopping purchases on VISA or 0% on AMEX. Greater of 2% or $2.50 for international cash advances, plus normal cash advance fee.
  • Paper statement fee: $7.50/duplicate statement ordered
  • Late fee for overdue minimum payment: $9
  • Over-the-limit fee: $0 for new cards, $9 for cards opened before 4 June 2012
  • Dishonour fee: $9

 

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Westpac Altitude Black Credit Card

Altitude Black

Features

  • Card type: American Express and MasterCard
  • Minimum credit limit: $15,000
  • Minimum income recommended for eligibility: $75,000 p.a.
  • Rewards program:
    • Altitude Rewards: Earn 3 Altitude Points for every dollar spent on eligible purchases made on American Express with Australian or overseas merchants and on MasterCard with overseas merchants; earn 1.25 Altitude Points for every dollar spent on MasterCard with Australian merchants. Points earning is uncapped. Points are redeemable for gift cards, merchandise, travel, and frequent flyer rewards.
    • Altitude Qantas: Earn 1.5 Qantas Points for every dollar spent on eligible purchases made on American Express with Australian or overseas merchants and on MasterCard with overseas merchants; earn 0.625 Qantas Points for every dollar spent on MasterCard with Australian merchants. Points earning is uncapped. Points are redeemable for flights, gift cards, and merchandise.
    • Concierge: 24/7 personal concierge available worldwide.
    • Airport lounge: Up to 4 complimentary airport lounge visits each year (2 with your rewards program of choice and 2 with AMEX Sydney International Airport Lounge).
    • Exclusive offers: American Express Connect benefits include exclusive pre-sale access to event tickets, lounges, dining, and shopping offers.
    • Qantas Frequent Flyer: Optional complimentary membership to Qantas Frequent Flyer program if you choose the Altitude Qantas rewards program.
  • Contactless payments: Samsung devices are enabled for contactless payments using your smartphone with the Westpac banking app. MasterCard PayPass enables contactless payments with the card (without a PIN for purchases under $100 and with a PIN for purchases of $100 or more).
  • Online: Card can be managed through online banking and mobile banking app.
  • Insurance (complimentary):
    • Complimentary Overseas Travel Insurance for overseas trips up to 6 months when you pay at least $500 of your prepaid travel costs using the card.
    • Transit Accident Insurance up to $500,000 for accidental death or injury while a passenger on a plane, bus, train, or ferry.
    • Purchase Security Insurance protects against loss, theft, or accidental damage on a range of personal items purchased on the card, for up to 4 months from date of purchase.
    • Extended Warranty Insurance extends the manufacturer’s Australian warranty on a range of personal items purchased on the card, for up to an additional 24 months.
  • Insurance (optional):
    • Credit Card Repayment Protection is available for an extra cost, to help cover the cost of 6% of your monthly balance if you can’t work due to illness, injury, disease, or losing your job. The cost of premiums for this cover depends on your balance, from $0/month for a nil balance up to $26/month for a $5,000 balance.
  • Security: Card protected by Westpac Added Online Security when shopping online, Fraud Money Back Guarantee, and chip technology.

Rates and Fees

  • Introductory interest rate on purchases:00% p.a. for up to 12 months from card approval
  • Interest rate on purchases: 24% p.a.
  • Interest free days: Up to 45 days if balance paid in full every month
  • Cash advance rate: 74% p.a.
  • Cash advance fee: Greater of 2% or $2.50
  • Balance transfer rate: 0% for first 18 months (afterwards reverts to 20.24% a.)
  • Annual fee: $395 ($0 for first year for existing Westpac customers at time of writing)
  • Additional cardholder annual fee: $0/card for one additional cardholder (must be 16 years or older)
  • Minimum monthly repayment: Greater of 2% of balance or $10
  • Payment handling fee: $0
  • International fees: 3% on all transactions overseas on VISA or 3.5% on AMEX. 3% on all international online shopping purchases on VISA or 0% on AMEX. Greater of 2% or $2.50 for international cash advances, plus normal cash advance fee.
  • Paper statement fee: $7.50/duplicate statement ordered
  • Late fee for overdue minimum payment: $9
  • Over-the-limit fee: $0 for new cards, $9 for cards opened before 4 June 2012
  • Dishonour fee: $9

 

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Eligibility to apply for the Westpac Altitude credit cards

To apply for any of the Westpac Altitude credit card products, you must be able to satisfy the following criteria:

  • At least 18 years old.
  • Permanent Australian resident.
  • Earn at least $30,000 p.a. or more for Altitude or Altitude Platinum; at least $75,000 p.a. for Altitude Black.

CANSTAR provides an information service. It is not a credit provider, and in giving you information about credit products CANSTAR is not making any suggestion or recommendation to you about a particular credit product.

If you decide to apply for a credit card you will deal directly with the financial institution, and not with CANSTAR. Rates and product information should be confirmed with the relevant financial institution. For more information, read our detailed disclosure, important notes, and additional information.

About Westpac

About westpac

Westpac was established in 1817 as the Bank of New South Wales, Australia’s first bank and first officially incorporated company. Today Westpac serves around 13 million customers as one of the big four Australian banks, and they own a number of other banking brands including St. George, Bank of Melbourne, BankSA, and RAMS.

If you’re keen to find out how to use your credit card better, or how to use your finances more wisely in general, Westpac’s Davidson Institute provides free financial training and resources. They run live webinars that are recorded and can be watched on the website, and well as more downloadable resources.

As one of the Big Four, Westpac takes their corporate and social responsibility seriously. Westpac directly supports several community focus areas: disaster relief for businesses and communities, addressing financial and educational disadvantage in Aboriginal and Torres Strait Islander communities, and microfinance for marginalised small business people. In 2016 so far, Westpac has distributed 100 community grants through the Westpac Foundation to not-for-profit organisations making a positive impact for everyday Aussies.

Westpac has been the financial partner behind the Westpac Rescue Helicopter Service since 1975:

Source: Westpac Banking

As for protecting our environment, Westpac has been tackling climate change, reducing greenhouse gas emissions (40% reduction since 1996 so far), reducing water consumption, restoring Australia’s unique biodiversity, and participating in the UN Global Compact and UNEPFI.

 

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Written by: TJ Ryan