Westpac, founded in 1817, is Australia’s oldest bank and one of the “Big Four,” trusted by millions nationwide.
What you need to know about this credit card:
- Annual fee: $175 (reduced to $99 in the first year, or $49 for existing customers).
- Purchase interest rate: 20.99% p.a., with up to 45 interest-free days.
- Minimum income required: $30,000 p.a. with a minimum credit limit of $3,000.
- Rewards earn rate: 2 points per $1 on international spend, 1.25 on everyday spend, 1 on all other purchases (drops to 0.5 points after $5,000 monthly spend).
Pros:
- Massive bonus offer: Up to 120,000 Altitude Rewards Points across the first two years.
- Flexible redemption: Use points for flights, gift cards, cashback, or “Pay with Points.”
- Complimentary insurance: Travel, extended warranty, and purchase protection included.
- PartPay feature: Split large purchases into 4 installments over 6 weeks.
- No rewards program fee: All Altitude Rewards come with $0 annual rewards fee.
Cons:
- Annual fee after year one: Jumps to $175, higher than basic rewards cards.
- Foreign transaction fee: 3% on international purchases.
Why Choose Westpac for Your Credit Card?
ANZ Rewards Platinum: Offers a similar earn rate, but Westpac’s 120k bonus points gives a head start.
CommBank Awards Credit Card: Simpler earn structure, but capped rewards; Westpac allows flexible airline transfers.
NAB Rewards Platinum: Good travel partners, but doesn’t offer “Pay with Points” on everyday spend like Westpac.
St.George Amplify Platinum: Earns points too, but Westpac’s insurance package is more comprehensive.
Bankwest More Platinum Mastercard: Decent earn rate, but lacks the prestige and bonus potential of Westpac Altitude Platinum.
Westpac Altitude Platinum Credit Card: let’s get to know it a little better
How to Apply for Your Westpac Altitude Platinum Credit Card
Ready to elevate your spending with bonus points and Platinum benefits? Click below to apply now and enjoy reduced fees in your first year, plus up to 120,000 points.