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No annual fee with the Altitude Business card – good for high points earn with Qantas, Velocity, KrisFlyer & Asia Miles

Westpac have renewed their no annual fee on their Altitude Business Card range – while there’s no signup bonus for these cards, for those looking for a reliable Business card with a high points earn rate per $ and a range of transfer partners, the Altitude Platinum is a decent option.

As outlined briefly in the Altitude Rewards guide, the Altitude Business card range has a relatively unique benefit – the opportunity to earn points into Altitude Rewards, and then transfer them to a range of frequent flyer programs, including Qantas Frequent Flyer.

On top of that, there are respectable points earn rates from spend, and a current offer of no annual fee in the first year – but no bonus points.

The only other cards on the market that let you accrue points to transfer to Qantas later are the $1200 pa Platinum Charge card and some older (now not available) Citibank and Commonwealth cards.

Westpac’s site isn’t too clear about how exactly Qantas points can be transferred, so I gave them a couple of calls to verify – points are definitely earned into Altitude Rewards and are transferrable, not swept monthly, over to Qantas Frequent Flyer.

Altitude Business Rewards overview

Have a read of the full Altitude Rewards Guide to get the lowdown on Altitude Rewards here.

In brief, the key benefit is the ability to earn Altitude Rewards points which can be transferred to

  • Qantas Frequent Flyer
  • Velocity Frequent Flyer
  • Cathay Pacific Asia Miles
  • Malaysia Airlines Enrich
  • Singapore Airlines Krisflyer
  • Air New Zealand Airpoints

Earning flexible points like this is really valuable, allowing you to mix and match frequent flyer programs for the best redemption for your needs.

There are also a range of retail bonus partners to pump up your points earn if you happen to spend with them.

The Altitude Business Credit Card range

Altitude Business credit cards are available to any ABN/ACN holder that meets the approval criteria. The cards need to be used for Business or Investment purposes.

Card Details

Card Altitude Business Platinum American Express and Visa
Loyalty programAltitude Rewards
Points earned from spend3 Altitude points per $ on the American Express
1 Altitude Points per $ on the Visa
2 points per $ on the Visa for overseas transactions
0.5 points per $ on Government transactions
Points capNo
Earns points at ATOYes - as a Government transaction
Included insurancesTravel insurance, purchase insurances and some business related insurances (PDS)
Overseas transaction feeVisa/MasterCard: 3.0% of the converted amount
American Express: 3.5% of the converted amount
Annual fee$295

Effective Frequent Flyer Program Point Earn Rates

Frequent Flyer ProgramDomestic SpendOverseas Spend
American ExpressVisaVisa
Qantas Points1.5 points / $0.5 point / $1 point / $
Velocity Points1.5 points / $0.5 point / $1 point / $
Singapore Airlines KrisFlyer Miles1.2 Mile / $0.4 Mile / $0.8 Mile / $
Cathay Pacific Asia Miles1.2 Mile / $0.4 Mile / $0.8 Mile / $

The Altitude Business Platinum card is the highest points earner in the Altitude Business range, with:

  • 3 points per dollar on the American Express
  • 1 points per dollar on the Visa
  • 2 points per dollar on the Visa for overseas transactions
  • 0.5 points per dollar on Government transactions

The effective earn rate over to Altitude Rewards airline partners is now as follows:

Velocity and Enrich

  • 1.5 points per dollar on the American Express
  • 0.5 points per dollar on the Visa
  • 1 points per dollar on the Visa for overseas transactions
  • 0.25 points per dollar on Government transactions

Krisflyer and Asia Miles

  • 1.2 miles per dollar on the American Express
  • 0.4 mile per dollar on the Visa
  • 0.8 mile per dollar on the Visa for overseas transactions
  • 0.20 mile per dollar on Government transactions

There’s a $295 standard annual fee, and uncapped rewards points with this card, meaning it’s ideal for bigger spenders who can utilise the flexibility and earn rate of the American Express.

You’ll also get access to Westpac’s Platinum Concierge, travel insurance, purchase insurances and some business related insurances too, such as business inconvenience insurance which covers you for business premise break-ins and some recruitment expense cover. You’ll need to assess these for your needs if you want to rely on them. Read the full PDS here.

This guide references some of the benefits of insurance policies provided with this credit card.

You should read the PDS and obtain independent professional advice before obtaining this product.

Card Details

Card Altitude Business Gold American Express and Visa
Loyalty programAltitude Rewards
Points earned from spend2 Altitude points per $ on the American Express
1 Altitude points per $ on the Visa
Points cap20,000 points per statement period
Earns points at ATONo
Included insurancesTravel insurance, purchase insurances and some business related insurances (PDS)
Overseas transaction feeVisa/MasterCard: 3.0% of the converted amount
American Express: 3.5% of the converted amount
Annual fee$150

Effective Frequent Flyer Program Point Earn Rates

Frequent Flyer ProgramDomestic SpendOverseas Spend
American ExpressVisaVisa
Qantas Points1 point / $0.5 point / $0.5 point / $
Velocity Points1 point / $0.5 point / $0.5 point / $
Singapore Airlines KrisFlyer Miles0.8 Mile / $0.4 Mile / $0.4 Mile / $
Cathay Pacific Asia Miles0.8 Mile / $0.4 Mile / $0.4 Mile / $

The Altitude Business Gold account is very similar to the Platinum account, but with the following key differences:

  • Points cap of 20,000 points per statement period
  • Standard annual fee of $150
  • The Westpac website recently changed and removed mentions of the ability to earn points on the Gold card – but we are yet to confirm if this is definitely the case

The Altitude Business Platinum card is a higher points earner than the Altitude Gold which comes in at:

  • 2 points per dollar on the American Express
  • 1 points per dollar on the Visa

The effective earn rate over to Altitude Rewards airline partners then is as follows:

Velocity and Enrich

  • 1 points per dollar on the American Express
  • 0.5 points per dollar on the Visa

Krisflyer and Asia Miles

  • 0.8 points per dollar on the American Express
  • 0.4 points per dollar on the Visa

Summing up – Altitude Business Platinum & Altitude Business Gold

The Altitude Platinum is a card for the savvy points redeemer who will put a decent amount of spend through the American Express, and knows they will use the flexibility of the range of partners that Altitude partner with – including Qantas Frequent Flyer.

The 1.2 to 1.5 point per $ effective earn rate on the American Express is as competitive as you get in the market from cards with significantly higher annual fees, so if you have an ABN/ACN and are in need of a business card, it maybe worth considering.

No annual fee with the Altitude Business card – good for high points earn with Qantas, Velocity, KrisFlyer & Asia Miles was last modified: April 26th, 2017 by Keith

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Point Hacks Credit Card Information

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Comments Expand Comments

  1. Dan Nolan

    The earn rate seems pretty good on the Westpac Plat Amex. For KF earn, is this as good as it gets would you say?

    Since the AMEX-branded Platinum cc changed to the variable point scheme, I find that I’m earning a whole lot less these days so looking for something new and shiny for the wallet!!

  2. Jesse McLachlan

    The AMEX Corporate card when signed up to the $89 Membership Rewards program (called Spirit, from memory) can transfer points to Qantas at 1:1, 1 point per dollar earn.

    While a corporate card is probably not an option for most, those who already have one on hand could find value in this. It’s not a great earn rate, but it’s also only $89/year!

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