Westpac's Altitude Black Mastercard and American Express has up to 120,000 bonus Qantas or Altitude Points on offer for new cardholders. There are many ongoing card benefits, including American Express, Qantas or Priority Pass lounge invites and World Mastercard benefits.
- 80,000 Qantas or Altitude Rewards Points with the Mastercard
- 40,000 Qantas or Altitude Rewards Points with the American Express
- $0 annual card fee for the first year for the Amex card
- 2 x lounge passes to Sydney or Melbourne Airport American Express lounge for cardholders of the Westpac Altitude Black American Express
- 0.75 Qantas or 1.25 Altitude Points for every $1 spent with the Mastercard
- 2 Qantas or 5 Altitude Points for every $1 spent overseas, 1.25 Qantas or 3 Altitude Points for every $1 spent locally with the American Express
- 2 x Qantas Club or Priority Pass invitations per cardholder year
- Access to World MasterCard benefits and Amex Invites
- Overseas Travel Insurance, Purchase Protection and other insurances(PDS)
- Annual card fee for the Mastercard: $250 p.a. plus $50 annual Qantas Rewards fee if you choose to earn Qantas Points
- Annual card fee for the Amex: $0 for the first year ($199 p.a thereafter)
- $3,000 minimum spend and charged to the Mastercard within the first 90 days is required to earn 80,000 bonus points
- $3,000 minimum spend and charged to the American Express card within the first 90 days required to earn 40,000 bonus points
- Existing Westpac customers who currently hold an Altitude Platinum Visa Card or Altitude Black Mastercard, or who have held one in the last 12 months, are not eligible for the Mastercard bonus offer.
- Offer ends: 27 November 2018
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Westpac is offering up to a total of 120,000 bonus Qantas or Altitude Points for new cardholders of the two-card bundle until 27 November.
The Westpac Altitude Black card is aimed at those who want a decent Qantas Point earn rate, are happy to pay the larger annual fee and will get value from some of the additional benefits.
The current offer of up to 120,000 bonus Qantas or Altitude Points is split into two, with 80,000 points coming from the Altitude Black Mastercard after a minimum spend of $3,000, and an additional 40,000 points from the American Express card that also requires a separate minimum spend of $3,000, with both targets within the first 90 days of approval. So, in short, you need to be able to spend $6,000 in total within the first three months or so to get all the bonus points.
In addition, there’s also a $0 annual card fee offer for the first year on the American Express companion card but do note that you will still have to pay for the annual card fee on the Mastercard.
You may also be interested in the mid-tier Westpac Altitude Platinum bundle.
How you could use the bonus points from this card
All redemption figures shown are examples only and exclude accompanying taxes and fees. Points redemption price data is provided by a third-party, so inaccuracies may be present. Please check with the airline directly for a complete and accurate total redemption cost.
How the bundled American Express cards from Westpac work
This is a bit technical but American Express is now issuing cards for Westpac directly, instead of being issued by Westpac (as previously used to be the case). However, for bonus points eligibility, this card is considered to be a bank-issued card, so won’t affect your eligibility for bonus points on American Express-issued cards. You can read more about bank-issued vs American Express-issued cards here.
What does this mean? You essentially have two credit card accounts, one from each provider, which are linked for the purpose of earning points. You can also only apply for the companion Westpac American Express card once you’re an existing Westpac credit card cardholder of an Altitude Platinum or Altitude Black Mastercard, or at the time of making an application for Westpac’s own card.
When it comes to earning points, you’ll earn your points from each card into either your Qantas Frequent Flyer account or your Westpac Altitude Rewards account. We understand that points from either card will be credited to your rewards account separately.
The American Express Westpac Altitude card is 100% issued and serviced by American Express. This means you’ll be able to use their digital portal, including their dedicated website and the American Express app.
For existing American Express cardholders of other cards issued by Amex such as the American Express Explorer or Qantas Ultimate American Express, the Westpac card isn’t considered for bonus points eligibility purposes—we have been informed by Westpac that holding an American Express-issued card would not preclude you from earning the bonus points on a Westpac American Express card.
Finally, because the two cards are issued by two separate credit providers, it is likely that both will check your credit record.
The terms and conditions for earning points from Westpac’s American Express Altitude cards are here, while a number of terms documents for the Westpac Altitude Mastercard/Visa and associate rewards program and insurance policies are linked to from Westpac’s page, after clicking through from the link above.
Points earn rates from Westpac Altitude Black
Points from both Altitude Black cards can be earned as either Altitude Rewards (partners include frequent flyer programs like Singapore Airlines KrisFlyer, Virgin Australia Velocity, Cathay Pacific Asia Miles, Malaysia Airlines Enrich and Air New Zealand Airpoints) or Altitude Qantas to Qantas Frequent Flyer program for an additional $50 annual Qantas Rewards fee.
|Card||Westpac Altitude Black|
|Loyalty program||Qantas Frequent Flyer or Westpac Altitude Rewards|
|Points earned from spend on the Mastercard||0.75 Qantas Points or 1.25 Altitude Points per $|
|Points earned from spend on the American Express||2 Qantas or 5 Altitude Points per $ spent in foreign currency
1.25 Qantas or 3 Altitude Points per $ on domestic spend
0.5 Qantas or 1 Altitude Point per $ on government spend
|Travel benefits||Per year:
2 x American Express Airport Lounge at Sydney and Melbourne with the Amex card
2 x Qantas Club Pass or Priority Pass invitations
with the Mastercard
|Included insurances||Extended Warranty & International Travel Insurance (PDS)|
|Overseas transaction fee||3.0% of the converted amount|
|Minimum income||For Westpac: $75,000 p.a. (recommended)
For Amex: $65,000 p.a.
|Mastercard annual fee||$250 p.a. + ($50 annual Qantas Rewards fee if you choose to earn Qantas Points)|
|American Express annual fee||$199 p.a. (waived for first year)|
Effective Frequent Flyer Program Point Earn Rates
|Frequent Flyer Program||MasterCard||American Express Companion card|
|Qantas Points*||0.75 points / $||1.25 points / $||2 points / $|
|Velocity Points||0.625 points / $||1.5 points / $||2.5 points / $|
|Singapore Airlines KrisFlyer Miles||0.5 mile / $||1.2 miles / $||2 miles / $|
|Cathay Pacific Asia Miles||0.5 mile / $||1.2 miles / $||2 miles / $|
|*Qantas Points are only earned if linked to Altitude Qantas Rewards|
The American Express companion card (not the Mastercard) can be used for payments to the Australian Taxation Office, earning 1 Altitude Rewards point or 0.5 Qantas Points per $ spent, as ATO payments are classified as ‘government spend’ in the terms and conditions on the application page.
Airport lounge access benefits
If you opt for the Altitude Rewards Black, you’ll receive airport lounge access with Priority Pass membership and two included lounge visits per year, which are now valid at an increasing number of airports in Australia. Additional visits are charged at a $27 USD fee.
If you opt for Altitude Qantas Black, you’ll be digitally sent two single-entry Qantas Club invitations which can be used at any Qantas Club (domestic) or Qantas International Business Class lounge. The passes are sent after your first Altitude Black Card spend on selected Qantas products and services, defined as Qantas flights or Qantas Frequent Flyer or Qantas Club joining and membership fees.
Note: You must first register and then make the applicable card spend directly with Qantas to receive the lounge passes.
It is a useful lounge access benefit for those who don’t travel in Business Class often.
As part of the benefits that come with the new American Express Altitude Black card, you also get access to the Sydney or the newly-opened Melbourne American Express Lounge twice per year.
Included insurances and other benefits
The Westpac Altitude Black comes with travel and extended warranty insurance coverage. As I say with every credit card guide, the value of each card’s insurance can only really be assessed by you looking at the PDS and deciding whether it is a fit for your needs. Read the full PDS here for the Westpac Altitude Black here and for the American Express Westpac Altitude Black card 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.
You’ll also gain access to Westpac Concierge and their Black Concierge app, which could give some useful restaurant or ticket reservation shortcuts, amongst other potential uses.
Altitude Qantas vs Altitude Rewards
The Altitude Card range offers a choice of which points program you want to direct your points into: either Qantas Frequent Flyer or Westpac’s own loyalty program Altitude Rewards.
Note that there is an annual $50 Qantas Rewards fee on the Westpac Altitude Black Mastercard if you have selected to earn Qantas Points (rather than Altitude Rewards).
When choosing Altitude Qantas Black over Altitude Rewards Black, you’ll also need to factor in the different earn rates of each currency and transfer rates to partner programs. Our full guide to Altitude Rewards offers more detail about the program’s benefits.
In short, points can be transferred into Velocity and Malaysia Airlines Enrich at a rate of 2 Altitude Rewards points to 1 frequent flyer program point/mile and 2.5 Altitude Rewards points to 1 mile for Cathay Pacific Asia Miles and Singapore Airlines KrisFlyer.
The choice between Altitude Qantas or Altitude Rewards is dependent on your personal points-earning preference.
You might find the sign-up bonus from the card to be more valuable to take as Qantas Points but then using the card ongoing, there may be more value for you in taking advantage of Altitude Rewards’ flexibility from having a wide range of transfer options.
Summing up: the Westpac Altitude Black and Westpac Altitude Qantas Black credit cards
This is the kind of card that you need to take a critical look over the ongoing benefits and sign-up bonus to assess whether the annual fee is worth it for you, especially with the launch of the new American Express companion card, which could make earning points and paying your credit card bill a little more complex.
That said, the points earn rates from spend are fairly competitive, and the lounge benefits are also fairly good with both cards.
Most infrequent travellers may be able to get some use out of the lounge access and other World Mastercard as well as American Express benefits, particularly if you educate yourself on how to make the most of them.
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