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 29 May 2020
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- Free domestic travel insurance
- Free international travel insurance
- Free supplementary cards
- Purchase protection insurance
- Extended warranty
- Rental car excess insurance
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3% on Mastercard
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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.
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.
- Calculate your debt. Credit card calculators make it easy to determine the repayments required to chip away at your debt in the shortest timeframe possible for your budget.
- Repayment plans. Take some time to formulate a credit repayment plan. Consider increasing your income, scaling back your lifestyle or refinancing.
- Talk to your credit provider. If you’re still struggling with your debt, give your credit provider a call. You may be able to come to a new arrangement.
There is no one-size-fits-all best rewards credit card. It's best you research what type of rewards program you'd like, as well as the fees, interest rate and conditions associated with those types of cards before making a choice.
Rewards credit cards can also come with high annual fees that may end up nullifying the rewards, so think how often you use the card to decide whether the benefits outweigh the extra cost for you. A card with a lower annual fee might require a lot of spending to get any useful rewards, while another card with a higher annual fee might need fewer purchases to get a reward.