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Altitude Platinum (Altitude Rewards)

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Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

Earn Rates

RateCard TypeEarnsCondition
1 point for $1 spentMastercarduncappedeligible purchases
  • Free Domestic Travel Insurance
  • Free International Travel Insurance Available for covers up to $15,000 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 Cover lasts for 90 days per year
  • Extended Warranty Warranty is extended for the same duration as the original warranty up to 1 year.
  • Rental Car Excess Insurance Covers up to $5000
  • Concierge

Features

Westpac’s Altitude Platinum credit card offers a choice of two rewards programs: Altitude Rewards – where you earn points towards a range of products, gift cards and airline frequent flyer points – or Altitude Qantas – which offers reward flights with Qantas.

The card comes with a range of complimentary insurances for things like overseas travel, transit accident, purchase security and extended warranty cover. Cardholders also have access to Westpac’s personal concierge service, available 24/7 to fulfil requests such as booking a restaurant or buying sporting event tickets.

Westpac offers a range of online services to its credit card customers. You can tap and pay through mobile wallet and leave your card at home, while card autopay allows you to set up automatic payments to your credit card each month. The bank’s online security service offers security when making an online purchase through a password used to authenticate the purchase.

Pros
  • Rewards program
  • Complimentary insurance
  • Free additional cardholders
Cons
  • High interest rate
  • Moderately high annual fee
  • Foreign transaction fees

Who is it good for?

If you use your credit card to book holidays, shop, dine out – and want to earn discounts while doing so – the Westpac Altitude Platinum card may be right up your alley. The rewards program is even more advantageous if you sign up a family member to be an additional cardholder, as you can earn point faster.

Those who enjoy travelling will also benefit from this product – not just from the opportunity to earn frequent flyer points, but also the range of complementary insurances on offer which cover things like overseas travel or transit accidents (although a foreign transaction fee applies when using the card overseas).

Busy people with demanding jobs or packed schedules may also find Westpac’s 24/7 concierge service helpful – especially if the prospect of having a personal assistant to buy tickets, book rental cars or make dinner reservations appeals to you.

What RateCity says

Westpac’s platinum card offers the bank’s Altitude Rewards program but with extra trimmings, combining the ability to earn rewards with a wide range of complementary insurance covers and Westpac’s premium 24/7 concierge services. Easy access and everyday convenience is also thrown into the mix, with digital features such as mobile pay and card autopay.

The caveat, though, is that this card comes with a high interest rate. If you struggle to pay your credit card bill on time, you may end up forking out a significant amount in interest, as well as incurring a missed payment charge. It also comes with several fees, as well as a moderately high annual fee.

If a low interest rate and minimal fee is what you’re after in a credit card, you may want to shop around for another product that offers a better deal.

Applying/eligibility

To be eligible for the Westpac Platinum Altitude credit card, you must be over 18 years of age and a permanent resident who is living in Australia. It is also recommended that you have a minimum income of $30,000 when applying for this product. To start the process online, you will need to provide identification documents, income information (such as work payslips and bank statements) and your employment details.

About Westpac

Established in 1817, Westpac is Australia’s first bank and one of the country’s four major lenders, with a large branch and ATM network in Australia and New Zealand. It delivers a broad range of financial services – including credit cards, home loans, insurance and superannuation – to consumer, business, corporate and government customers. The Westpac Group also operates other consumer banks in Australia, including St.George, Bank of Melbourne, BankSA and home loan provider RAMS.

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