Altitude Black (Altitude Rewards)
Bonus PointsEarn 150,000 bonus Altitude Points when you spend $4,000 on eligible purchases within 90 days of approval. Exclusions apply.
- Last updated on 07 Aug 2020
Balance Transfer Rate
for 12 months then 21.49%
Max Free Days
- Balance Transfers Available
- Free domestic travel insurance
- Free international travel insurance
- Free supplementary cards
- Purchase protection insurance
- Extended warranty
- Rental car excess insurance
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
for 12 months then 21.49%
of the approved credit limit
Balance Transfer Fee
Foreign Exchange Fee
3% on Mastercard
Estimated ATM Cost
Westpac Altitude Rewards
Gift Card, Cash Back
|1.25 points for $1 spent||Mastercard||uncapped||eligible domestic and overseas purchases|
- FREE DOMESTIC TRAVEL INSURANCE
- FREE INTERNATIONAL TRAVEL INSURANCE Available for covers up to $20,000 for loss or damage to personal property, $550 for loss or damage to travel documents and $2.5 million of personal liability cover
- FREE SUPPLEMENTARY CARDS
- PURCHASE PROTECTION INSURANCE Cover lasts for 120 days per year
- EXTENDED WARRANTY Warranty is extended for the same duration as the original warranty up to 2 years.
- RENTAL CAR EXCESS INSURANCE Covers up to $5500
- Bonus Points Earn 150,000 bonus Altitude Points when you spend $4,000 on eligible purchases within 90 days of approval. Exclusions apply.Offer excludes customers who hold/held any Westpac Rewards credit card in the last 12 months
If you choose Altitude Rewards you can register your Altitude Black Mastercard to receive 2 complimentary lounge visits per year to use at more than 1000 VIP airport lounges worldwide.
Compare and review credit cards with similar features
Westpac is not only the oldest bank in Australia, but it's also the country’s oldest company. It was first established in 1817 as the Bank of New South Wales. Following a series of mergers and acquisitions, in 1982 it changed names to Westpac Banking Corporation.
It’s now one of the big four banks in Australia, with almost 14 million customers, 1400+ branches, 39,000 staff and close to 4000 ATMs.
Westpac has an extensive range of credit cards, as well as home loans, personal loans, card loans and much more. Its subsidiaries include St. George Bank, Bank of Melbourne and BankSA.
The Westpac Altitude Black credit card has a high annual fee and high interest rates with a moderately low missed payment fee. The card charges a foreign transaction fee and over-limit fee. Customers are able to choose between a Mastercard or American Express card.
The Altitude Black card also has an associated Altitude Rewards program. The Altitude Rewards program allows you to earn Altitude Points on eligible transactions and redeem your points for a variety of merchandise or frequent flyer points from five different airlines. Card holders earn 1.25 Altitude Points on every $1 spent on the Altitude Black Mastercard and 2.5 Altitude Points for every $1 spent on the Altitude Black American Express card.
This card also comes with complimentary insurances including overseas travel insurance, purchase security insurance, and extended warranty insurance.
- Flexible reward scheme
- Complimentary insurances
- Free airport lounge passes
- High annual fee
- Foreign transaction fees
- High interest rates
Who is it good for?
The Westpac Altitude Black credit card would suit customers who are not loyal to one airline and who want to redeem their rewards for benefits outside of travel. This card may also be a better fit for those who pay their bill in full each month and spend regularly on their card in order to get the most from the reward scheme.
The Westpac Altitude Black would not be particularly well-suited to customers who want to use their card overseas. The card charges a foreign transaction fee for purchases made in foreign currency and purchases made in Australian currency if the vendor is located overseas.
Card holders seeking a credit card that eliminates unnecessary fees may be better off shopping the market. Even though the Westpac Altitude Black discounts their annual fee in the first year, the annual fee remains high.
What RateCity says
The Westpac Altitude Black credit card benefits those who spend high amounts each month, pay their bills in full and can afford a high annual fee; but for others, the card offers little.
The card has a moderately low late or missed payment fee, but other associated costs are high, including a high annual fee and high interest rates. For many customers, these significant fees are not worth the rewards you might receive.
One of the biggest benefits of the Westpac Altitude Black credit card is the option to redeem points from several airlines, unlike some cards that only give customers the option of one. However, for customers who don’t travel often, this advantage offers little value. Card holders who want low fees instead of rewards may benefit from shopping the market.
To be eligible for the Westpac Altitude Black credit card you must be at least 18 years of age and a permanent resident currently residing in Australia. When applying, you’ll need to provide your personal details, proof of identity, recent payslips or bank statements, and employment details. Customers can apply online in just 10 minutes through Westpac’s secure online application. Westpac will also save your application for 14 days if customers need to stop and complete the application later.
Headquartered in Sydney, Westpac is one of Australia’s most well-known banking institutions. Westpac was established in 1817 as the Bank of New South Wales, making it Australia’s oldest bank. The bank provides a range of banking and financial services to individuals, businesses and institutions, including credit cards, investments, superannuation and loans. Westpac also offers wealth management services to a variety of clients. In 2008, Westpac merged with St George Bank.
Property Personal Finance Writer
A property and personal finance writer, Nick Bendel covers property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.
The reason Equifax, Experian and Illion use different scores is because they are independent companies with their own different methodologies. As a result, a score of, say, 700 would mean different things at different credit reporting bureaus.
However, the one thing they have in common is that they divide their scores into five tiers. So if you receive a tier-two credit score from one bureau, you will probably receive a tier-two score from the others, as well.
Yes, as credit card providers look at your annual income amount as well as your occupation. Minimum income requirements tend to be between $30,000 – $40,000 for standard and rewards credit cards, however low income credit cards can have minimum income requirements as low as $15,000 per year.
If you have a bad credit score, you might encounter two main problems. First, the lower your credit score, the more likely you are to be rejected when you apply for a loan or any other credit product. Second, if your application is accepted, the less likely you are to qualify for the lowest interest rates.
There are two reasons you should check your credit rating: so you have a better understanding of your financial position, and so you can take action (if necessary) to improve your credit rating.
Lenders use credit ratings or credit scores to assess loan applications. The higher your score, the more likely you are to get approved, and the more likely you are to be charged lower interest rates and lower fees. Conversely, the lower your credit score, the less likely you are to get approved, and the more likely you are to be charged higher interest rates and higher fees.
Credit cards are a quick and convenient way to pay for items in store, online or over the phone. You can use a credit card as a cashless way to pay for goods or services, both locally and overseas. You can also use a credit card to make a cash advance, which gives you the flexibility to withdraw cash from your credit card account. Because a credit card uses the bank’s funds instead of your own, you will be charged interest on the money you spend – unless you pay off the entire debt within the interest-free period. If you pay the minimum monthly repayment, you will be charged interest. There are many different credit card options on the market, all offering different interest rates and reward options.
A credit card can be a useful financial tool, provided you understand the risks and can meet repayment obligations.
If you’re a credit card first-timer, review your options. Think about what kind of credit card would suit your lifestyle, and compare providers by fees, perks and repayments.
Once you’ve selected a card, it’s time to apply. Credit card applications can generally be completed in store, online or over the phone.
When you apply for a credit card for the first time, you must meet age, residency and income requirements. As proof, you must also provide documentation such as bank account statements.
A balance transfer credit card lets you transfer your debt balance from one credit card to another. A balance transfer credit card generally has a 0 per cent interest rate for a set period of time. When you roll your debt balance over to a new credit card, you’ll be able to take advantage of the interest-free period to pay your credit card debt off faster without accruing additional interest charges. If your application is approved, the provider will pay out your old credit card and transfer your debt balance over to the new card.
For most Australians, there are no great barriers to applying for and getting approved for a credit card. Here are some points that a lender will consider when assessing your credit card application.
Credit score: A bad credit score is not the be all and end all of your application, but it may stop you being approved for a higher credit limit. If your credit score is less than perfect, apply for the credit limit that you need, rather than the one you want.
Annual income: Most credit cards have minimum annual income requirements. Make sure you’re applying for a card where you meet the minimum.
Age & residency: You need to be at least 18 years old to apply for a credit card in Australia, and most require that you are an Australian citizen or permanent resident. However, there are some credit cards available to temporary residents.
Think of credit cards as a short-term loan where you use the bank’s money to buy something up front and then pay for it later. Unlike a debit card which uses your own money to pay, a credit card essentially borrows the bank’s money to fund the purchase. When you apply for a credit card, the bank assesses your income and assigns you a credit limit based on what you can afford to pay back. At the end of each billing cycle, which is usually monthly, the bank will send you a statement showing the minimum amount you have to pay back, including any interest payable on the balance.
Losing your credit card is a serious situation, and could land you in financial trouble. Here is a simple guide detailing what to do when you lose your credit card.
Lock you card – Contact your provider and inform them about your lost credit card. From here lock, block or cancel your card.
Keep track of transactions – Look out for unauthorised credit card transactions. Most banks protect against fraudulent transactions.
Address recurring charges – If your card is linked to recurring charges (gym membership, rent, utilities), contact those businesses.
Check credit rate – To ensure you’re not the victim of identity theft, check your credit rating a month or two after you lose your credit card.