Important disclosure
Westpac Altitude Black (Altitude Velocity)
Bonus Points
Earn up to 120,000 bonus Velocity Pointso be eligible for up to 120,000 bonus Velocity Points, you must apply and be approved for a new Altitude Black credit card between 15 June 2023 and 1st November 2023. 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
Purchase Rate
19.99%
p.a
Balance Transfer Rate
Balance Transfer Rate
0%
p.a
for up to 24 months, then 21.49%
Purchase Rate
19.99%
p.a
Balance Transfer Rate
0%
p.a
for up to 24 months, then 21.49%
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 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 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 Purchase Rate 19.99% p.a |
Cash advance rate 21.49% p.a |
Cash advance fee 2% or $2.5 |
Balance Transfer
Balance Transfer Rate Balance Transfer Rate 0% p.a for up to 24 months, then 21.49% |
Transfer Limit $75k max card limit |
Balance Transfer Fee |
Overseas spending
Foreign Exchange Fee 3% on Mastercard |
Overseas charges 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 |
Earn Rates
| Rate | Card Type | Earns | Condition |
|---|---|---|---|
| 0.75 points for $1 spent | Mastercard | uncapped | eligible domestic and overseas purchases |
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
- Bonus Points Earn up to 120,000 bonus Velocity Pointso be eligible for up to 120,000 bonus Velocity Points, you must apply and be approved for a new Altitude Black credit card between 15 June 2023 and 1st November 2023. 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
