Point Hacks Credit Card Guide

Westpac Altitude Business credit card guide

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.


Westpac’s American Express changes for 2018

In early November 2017, Westpac and American Express announced some changes to their ongoing partnership which allowed Westpac to issue American Express cards.

This has been fully implemented as of 4 April 2018 and effectively ended a number of joint American Express & Mastercard credit card accounts that used to be issued by Westpac including the card/s mentioned in this guide.


Westpac Altitude Business credit card guide was last modified: September 21st, 2018 by Keith

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.

Note that from 9 November 2018, Westpac is reducing transfer rates to all important frequent flyer partners. Further information can be found here.

Card Details

Card Altitude Business Platinum Visa
Loyalty programAltitude Rewards
Points earned from spend1 Altitude Points per $ on domestic spend
2 points per $ on 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 fee3.0% of the converted amount
Annual fee$200

Effective Frequent Flyer Program Point Earn Rates

Frequent Flyer ProgramDomestic SpendOverseas Spend
Qantas Points0.5 point / $1 point / $
Velocity Points0.5 point / $1 point / $
Singapore Airlines KrisFlyer Miles0.4 Mile / $0.8 Mile / $
Cathay Pacific Asia Miles0.4 Mile / $0.8 Mile / $

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

  • 1 points per dollar for domestic transactions
  • 2 points per dollar 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

  • 0.5 points per dollar for domestic transactions
  • 1 points per dollar for overseas transactions
  • 0.25 points per dollar on Government transactions

Krisflyer and Asia Miles

  • 0.4 mile per dollar for domestic transactions
  • 0.8 mile per dollar for overseas transactions
  • 0.20 mile per dollar on Government transactions

There’s a $200 standard annual fee, and uncapped rewards points with this card, meaning it’s ideal for bigger spenders.

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 card.

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

Card Details

Card Altitude Business Gold Visa
Loyalty programAltitude Rewards
Points earned from spend1 Altitude points per $ spend
0.5 Altitude points per $ on government transactions
Points cap20,000 points per statement period
Earns points at ATOYes - as a Government transaction
Included insurancesTravel insurance, purchase insurances and some business related insurances (PDS)
Overseas transaction fee3.0% of the converted amount
Annual fee$150

Effective Frequent Flyer Program Point Earn Rates

Frequent Flyer ProgramDomestic SpendOverseas Spend
Qantas Points0.5 point / $0.5 point / $
Velocity Points0.5 point / $0.5 point / $
Singapore Airlines KrisFlyer Miles0.4 Mile / $0.4 Mile / $
Cathay Pacific Asia Miles0.4 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
  • Only earns 1 point per dollar spend on overseas transactions

The Altitude Business Platinum card is a higher points earner than the Altitude Gold which comes in at 1 points per dollar on all eligible spend except government payments, which earn 0.5 points per dollar.

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

Velocity and Enrich

  • 0.5 point per dollar on eligible spend
  • 0.25 point per dollar on Government transactions

Krisflyer and Asia Miles

  • 0.4 points per dollar on eligible spend
  • 0.20 point per dollar on Government transactions

Summing up – Altitude Business Platinum & Altitude Business Gold

The Altitude Platinum is a card for the savvy points redeemer who knows they will use the flexibility of the range of programs that Altitude partners with – including Qantas Frequent Flyer.

The earn rates were slashed with the removal of the American Express variant but these cards still earn points on government spend and may be worth considering if you have an ABN/ACN and are in need of a business card.

Westpac Altitude Business credit card guide was last modified: September 21st, 2018 by Keith

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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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