Altitude Platinum (Altitude Rewards)
Bonus PointsEarn 80,000 bonus Altitude Points when you spend $3000 on eligible purchases within 90 days of approval. Exclusions apply.
- Last updated on 04 Jun 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 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
- Bonus Points Earn 80,000 bonus Altitude Points when you spend $3000 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
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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.
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.
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.