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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
Estimated ATM Cost
Westpac Altitude Rewards
Gift Card, Cash Back
|1 point for $1 spent||Mastercard||uncapped||eligible 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 INSURANCE 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
Compare and review credit cards with similar features
ANZ Rewards Platinum
Bonus PointsEarn 60,000 bonus Reward Points and your 1st year annual fee waived with your new ANZ Rewards Platinum credit card when you spend $2,500 on eligible purchases in the first 3 months from approval
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.
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.
- Rewards program
- Complimentary insurance
- Free additional cardholders
- 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.
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.
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.
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.