Important disclosure

Westpac Banking Corporation Ltd

Westpac Altitude Black (Altitude Velocity)

  • Apple, Google & Samsung Pay
  • Balance transfer
  • Instant approval

Bonus Points

Earn up to 120,000 bonus Velocity Points

Earn 90,000 Velocity Points in year 1 if you spend $6,000 within 120 days of new card approval and an extra 30,000 points after your first eligible purchase in year 2. Offer excludes customers who hold/held an Altitude Platinum or Altitude Black card with Altitude Rewards, Qantas or Velocity in the last 12 months. T&Cs apply.

Purchase Rate

19.99%

p.a

Balance Transfer Rate

0%

p.a

Tags
  • Apple, Google & Samsung Pay
  • Balance transfer
  • Instant approval
Purchase Rate

19.99%

p.a

Balance Transfer Rate

0%

p.a

Annual Fee

$150

for 12 months then $295 thereafter

Pros and cons

For Altitude Black (Altitude Velocity)

Benefits

  • Rewards Available through Velocity Frequent Flyer
  • Extra 120,000 points subject to eligibility conditions
  • $150 annual fee in the first 12 months and $295 p.a thereafter.
  • Ability to convert large purchases into instalment plans
  • Apple Pay, Google Pay and Samsung Pay available
  • Domestic travel insurance
  • International travel insurance
  • Free supplementary cards
  • Extended warranty
  • Rental car excess insurance
  • Concierge
  • Purchase protection insurance

Drawbacks

  • Higher than average ongoing variable purchase rate
  • Higher than average ongoing annual fee

Westpac Rate Credit card overview

For Altitude Black (Altitude Velocity)

Details

Card Level

Premium

Card Type

MasterCard

Interest Free Days

45

Minimum monthly repayment

2% or $10

Minimum credit limit

$15k

Maximum credit limit

$75k

Free supplementary cards

Instant Approval

Target Market Determination

Visit Westpac Banking Corporation Ltd to view Target Market Determination.

Fees

Annual Fee

$150

for 12 months then $295 thereafter

Annual Fee Spend Waiver

Supplementary card annual fee

$0

Late Payment Fee

$15

Over limit fee

$15

Duplicate statement fee

$2

Electronic Wallet Service

Important Rates

Rates

Purchase Rate

19.99%

p.a

Cash advance rate

21.49%

Cash advance fee

2% or $2.5

Balance Transfer

Balance Transfer Rate

0%

p.a

Transfer Limit

$75k

max card limit

Balance Transfer Fee

Overseas spending

Foreign Exchange Fee

3% on Mastercard

Overseas charges

$2.5

Estimated ATM Cost

$11.5

for AU $300 withdrawal

Rewards

Program name

Velocity Frequent Flyer

Rewards Available

Gift Card, Domestic Flights, International Flights

Eligibility

Minimum age

18

Minimum income

$75k

Eligibility conditions

You have a regular, verifiable income

Residency

Perks

  • DOMESTIC TRAVEL INSURANCE
  • 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
  • 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
  • CONCIERGE
  • PURCHASE PROTECTION INSURANCE Cover lasts for 120 days per year
Specials
  • Bonus Points Earn up to 120,000 bonus Velocity Points
    Earn 90,000 Velocity Points in year 1 if you spend $6,000 within 120 days of new card approval and an extra 30,000 points after your first eligible purchase in year 2. Offer excludes customers who hold/held an Altitude Platinum or Altitude Black card with Altitude Rewards, Qantas or Velocity in the last 12 months. T&Cs apply.

Other Restrictions

Annual fee includes Velocity fee of $75

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