Westpac Altitude Rewards is Westpac’s loyalty program for credit card points earn from your day-to-day spend. It’s similar to the other major programs out there in that there is a range of cards in which you can earn Altitude Rewards points, and a number of frequent flyer transfer partners you can use them with.
Altitude Rewards is a versatile program, and partners with Qantas Frequent Flyer, Velocity, Malaysia Airlines Enrich, Cathay Pacific Asia Miles, Singapore Airlines Krisflyer and Air New Zealand Airpoints.
This guide attempts to cover off the ins and outs of Altitude Rewards, the card range and the best partners to transfer your points to.
Note: Westpac also owns St.George Bank, Bank of Melbourne and Bank SA. These three other banks all share a common program which is very similar to Altitude Rewards—Amplify Rewards. The affiliate partners aren’t quite the same though.
In this guide: Westpac Altitude Rewards guide contents and quick links:
Using points: program partners and transfer rates
Let’s get into the points first—the range of frequent flyer program partners that Altitude Rewards have available to cardholders.
In short, Westpac has a wide range of airline partners, with:
- Virgin Australia Velocity
- Singapore Airlines Krisflyer
- Cathay Pacific Asia Miles
- Malaysia Airlines Enrich
- Air New Zealand Airpoints
The transfer rate to most programs is 3 Altitude Rewards points to 1 frequent flyer point/mile. The exceptions is Airpoints where the transfer rate is 180:1 (poor value).
If there are changes at any time, this Altitude Rewards page should highlight this.
Note also that the Westpac Altitude Rewards Business cards have Qantas Frequent Flyer as a transfer partner, meaning you don’t have to direct sweep your points over to Qantas. There are very few cards on the market that offer Qantas transfers, and it’s a win for the flexibility of your points.
These programs are good options for competitive frequent flyer point redemptions in the region, and Westpac aren’t missing any key airline partners, which is great.
Earning points: the Altitude Rewards credit card range
If you want to maximise the number of flexible points you can earn, the ability to transfer points earned from a Mastercard or American Express to Asia Miles or KrisFlyer is fairly valuable and as a result, is well worth considering.
Altitude Black Mastercard
The Altitude Black is Westpac’s premium card, with an accompanying high annual fee. It’s geared towards those who spend the most on their card, want a higher earn rate, are happy to pay the larger annual fee and will get value from the ongoing benefits.
Westpac has launched a new American Express companion card for the Altitude Black card that comes with high earn rates for overseas spend together with a few added perks that are likely to be useful for the intended market.
Card Details
| Card | Westpac Altitude Black |
| Loyalty program | Velocity or Qantas Frequent Flyer or Westpac Altitude Rewards |
| Points earned from spend on the Mastercard | 0.75 Velocity or Qantas Points, 1.25 Altitude Points per $ |
| Points earned from spend on the American Express | 2 Velocity or Qantas Points or 5 Altitude Points per $ spent in foreign currency 1.25 Velocity or Qantas Points or 3 Altitude Points per $ on domestic spend 0.5 Velocity or Qantas Points 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, Velocity Lounge Pass or Priority Pass invitations with the Mastercard |
| Included insurances | Extended Warranty & International Travel Insurance (PDS) |
| Points cap | uncapped |
| Overseas transaction fee | 3.0% of the converted amount |
| Minimum income requirement | $75,000 p.a. |
| Mastercard annual fee | $250 p.a. + ($50 annual Velocity or Qantas Rewards fee if you choose to earn with either Velocity or Qantas directly) |
| American Express annual fee | $199 p.a. |
Effective Frequent Flyer Program Point Earn Rates
| Frequent Flyer Program | MasterCard | American Express Companion card | |
|---|---|---|---|
| Domestic | Foreign currency/interntional | ||
| Qantas Points* | 0.75 points / $ | 1.25 points / $ | 2 points / $ |
| Velocity Points* | 0.75 points / $ | 1.25 points / $ | 2 points / $ |
| Velocity Points (transferred from Altitude Rewards) | 0.41 point / $ | 1 point / $ | 1.67 points / $ |
| Singapore Airlines KrisFlyer Miles | 0.41 mile / $ | 1 mile / $ | 1.67 miles / $ |
| Cathay Pacific Asia Miles | 0.41 mile / $ | 1 mile / $ | 1.67 miles / $ |
| *Points earn rate only if linked directly to Altitude Velocity or Qantas | |||
Given the number of benefits that come with Altitude Black, there’s a full standalone guide to the Altitude Black and Altitude Qantas cards here.
In brief, the benefits are:
- Airport lounge access with Priority Pass membership and two included lounge visits—or if opted into Altitude Qantas, two Qantas lounge passes
- Sydney or Melbourne American Express airport lounge access twice per year with the American Express companion card
- Broader insurance coverage, including travel and extended warranty (See PDS here)
- Access to Westpac concierge and their Black concierge App
- Access to Amex Offers and Amex Invites
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.
Altitude Platinum Mastercard
The Altitude Platinum is the mid-range card in the Altitude range with an annual fee of $150 with the Mastercard.
Westpac also launched a companion American Express card for the Altitude Platinum that comes with higher earn rates and a $49 annual fee.
Card Details
| Card | Westpac Altitude Platinum |
| Loyalty program | Altitude Rewards, Velocity or Qantas Frequent Flyer |
| Points earned from spend with the Mastercard | 0.5 Velocity or Qantas Points or 1 Altitude Points per $ of eligible spend on the Mastercard |
| Points earned from spend with the American Express | 1.5 Velocity or Qantas Points or 3 Altitude Points per $ on eligible foreign currency spend 1 Velocity or Qantas Points or 2 Altitude Points per $ on eligible domestic spend 0.5 Velocity or Qantas Points or 1 Altitude Points per $ on eligible government spend |
| Minimum income requirement | $50,000 p.a. |
| Included insurances | Extended Warranty & International Travel Insurance (PDS) |
| Points Cap | uncapped |
| Overseas transaction fee | 3.0% of the converted amount |
| Mastercard Annual card fee | $150 p.a. ongoing + ($50 annual Velocity or Qantas Rewards fee if you choose to earn into either Velocity or Qantas Points) |
| Amex Annual card fee | $49 p.a. ongoing |
Effective Frequent Flyer Program Point Earn Rates
| Frequent Flyer Program | Mastercard | American Express | |
|---|---|---|---|
| Domestic Spend | Overseas Spend | ||
| Qantas Points* | 0.5 point / $ | 1 point / $ | 1.5 point / $ |
| Velocity Points* | 0.5 point / $ | 1 point / $ | 1.5 point / $ |
| Velocity Points (transferred from Altitude Rewards) | 0.33 point / $ | 0.67 point / $ | 1 point / $ |
| Singapore Airlines KrisFlyer Miles | 0.33 Mile / $ | 0.67 Mile / $ | 1 Mile / $ |
| Cathay Pacific Asia Miles | 0.33 Mile / $ | 0.67 Mile / $ | 1 Mile / $ |
| *Points earn rate only if linked directly to Altitude Velocity or Qantas | |||
It comes with fewer benefits than the Altitude Black but gives access to the Altitude Rewards program with uncapped earn rates and a friendlier annual fee.
With the Altitude Platinum card, you’ll get a range of insurances, including overseas travel insurance for trips of up to three months, transit accident insurance and extended warranty. You should check the descriptions for each policy if you plan to rely on them. Read the 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.
American Express Westpac Altitude Blended Bundle
Westpac has recently introduced the American Express Westpac Altitude Blended Bundle that combines the benefits of the Altitude Platinum card with the American Express Westpac Altitude Black card.
Card Details
| Card | American Express Westpac Blended Bundle |
| Loyalty program | Altitude Rewards, Velocity Frequent Flyer, Qantas Frequent Flyer |
| Points earned from spend with the Visa | 0.5 Velocity or Qantas Points or 1 Altitude Points per $ of eligible spend on the Altitude Platinum Mastercard |
| Points earned from spend with the American Express | 2 Velocity or Qantas Points or 5 Altitude Points for every $1 spent overseas, 1.25 Velocity or Qantas Points or 3 Altitude Points for every $1 spent locally with the American Express Westpac Altitude Black |
| Minimum income requirement | $65,000 p.a. |
| Included insurances | Extended Warranty & International Travel Insurance (PDS) |
| Points Cap | uncapped |
| Overseas transaction fee | 3.0% of the converted amount |
| Mastercard Annual card fee | $150 p.a. ongoing + ($50 annual Rewards fee if you choose to earn Velocity or Qantas Points) |
| Amex Annual card fee | $199 p.a. ongoing |
Effective Frequent Flyer Program Point Earn Rates
| Frequent Flyer Program | Mastercard Platinum | American Express Altitude Black | |
|---|---|---|---|
| Domestic Spend | Overseas Spend | ||
| Qantas Points* | 0.5 point / $ | 1.25 point / $ | 2 point / $ |
| Velocity Points* | 0.5 point / $ | 1.25 point / $ | 2 point / $ |
| Velocity Points (transferred from Altitude Rewards) | 0.33 point / $ | 1 point / $ | 1.67 point / $ |
| Singapore Airlines KrisFlyer Miles | 0.33 Mile / $ | 1 Mile / $ | 1.67 Mile / $ |
| Cathay Pacific Asia Miles | 0.33 Mile / $ | 1 Mile / $ | 1.67 Mile / $ |
| *Points earn rate only if linked directly to Altitude Velocity or Qantas | |||
Altitude Mastercard
The entry-level Altitude Rewards card comes in with a $100 annual fee, and few extra benefits.
Card Details
| Card | Westpac Altitude Mastecard |
| Loyalty program | Altitude Rewards or Qantas Frequent Flyer |
| Points earned from spend | 0.5 Qantas Points or 1 Altitude Points for every $ spent on the Mastercard |
| Points Cap | 5,000 Altitude points or 2,500 Qantas Points per statement period |
| Overseas transaction fee | 3.0% of the converted amount |
| Annual fee | $100 |
Effective Frequent Flyer Program Point Earn Rates
| Frequent Flyer Program | |
|---|---|
| Mastercard | |
| Qantas Points* | 0.5 point / $ |
| Velocity Points | 0.33 point / $ |
| Singapore Airlines KrisFlyer Miles | 0.33 Mile / $ |
| Cathay Pacific Asia Miles | 0.33 Mile / $ |
| *Qantas Points are only earned if linked to Altitude Qantas Rewards. | |
The earn rates are the same as the Altitude Platinum Mastercard but there’s a reduced points cap of 5,000 Altitude Rewards points or 2,500 Qantas Points per statement period.
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 Velocity, Qantas Frequent Flyer accounts 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 and associate rewards program and insurance policies are linked to from Westpac’s page, after clicking through from the link above.
Altitude Qantas vs Altitude Rewards
Westpac makes it relatively easy to swap between Altitude Qantas and Altitude Rewards:
If you have an Altitude Mastercard, Altitude Platinum Mastercard, or Altitude Black card, you may switch all cards linked to the card account between Altitude Rewards and Altitude Qantas programs at any time and any number of times, subject to the time it takes us to process each request. You should allow at least 10 business days for a request to switch to be processed or as advised at the time of your request.
Note that there is an annual $50 Qantas Rewards fee if you opt to earn Qantas Points (rather than Altitude Rewards).
This makes it possible to take a signup bonus in one currency (e.g. Altitude Qantas), and then earn points ongoing in another (e.g. Altitude Rewards), if there is value in doing so.
When choosing Altitude Qantas over Altitude Rewards cards, you’ll need to factor in the different earn rates of each currency and transfer rates to partner programs.
With Qantas Points, you will earn an additional bonus point per dollar when spending with Qantas.
All up, the choice between Altitude Qantas or Altitude Rewards is primarily up to your personal points-earning preference. You might find a sign-up bonus from a card to be more valuable in raw Qantas Points, but when using the card on an ongoing basis, there may be more value in taking advantage of Altitude Rewards’ flexibility from having a wide range of transfer options.
My take: who is Westpac Altitude Rewards and the Altitude Card range for?
Westpac Altitude Rewards is a pretty versatile program with a range of points transfer partners, making it suitable for those looking for flexibility in how they can use their points.
This is a key benefit for when your ‘go-to’ airline or frequent flyer program isn’t offering points redemption seats for your chosen routes or dates and may make it easier for you to use more of your hard earned points in the long run.
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What other Business Credit Cards (Mastercard/Visa) have a better earn rate than the Westpac Altitude Business?
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Effective 08 February 2015, Altitude Black cardholders will receive 0.33 Altitude Points per $1 spent on the Altitude Travel Service. Click here for terms and conditions.