Our verdict

Get 75,000 bonus Velocity Points and complimentary Economy X Seat Upgrade vouchers with the Westpac Altitude Velocity Platinum card.

The Westpac Altitude Velocity Platinum Credit Card has a Velocity Frequent Flyer option so you can earn more points for flights and other rewards. The current bonus points offer is competitive with the rest of the market and gives you enough Velocity Points for a return business class flight from Sydney to Perth (71,000 points, plus carrier charges).

This credit card has a straightforward earn rate of 0.5 Velocity Points per $1 spent, with no points cap. It also offers modest travel perks, including complimentary overseas travel insurance, transit accident insurance and Economy X Seat Upgrade vouchers on select domestic flights.

Pros

75,000 bonus Velocity Points
Annual fee for existing Westpac customers: $124 in the first year (includes $75 Velocity Rewards fee)
Ability to earn uncapped Velocity Points
2 complimentary Economy X Seat Upgrade Vouchers per year

Cons

Only offers up to 45 days interest-free on purchases, as opposed to most cards with 55 days
0.5 Velocity Points per $1 spent is relatively low

Apply as a new cardholder and spend $4,000 on eligible purchases in the first 90 days from approval and you'll earn 75,000 bonus Velocity Points. You'll also earn 0.5 Velocity Points per $1 for your everyday spending with the Westpac Altitude Velocity Platinum when you choose to earn points directly through the Velocity Frequent Flyer program.

Details

Product details

Product Name	Westpac Altitude Velocity Platinum
Purchase rate p.a.	Purchase rate p.a.20.99%
Interest-free days	Up to 45 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$6,000
Max credit limit	$50,000
Card type	Mastercard

Eligibility

Available to temporary residents	Yes - Conditions apply
Minimum income	$30,000
Joint application	No

Rewards

Rewards program	Velocity Frequent Flyer
Bonus points	75,000
Rewards points per $ spent	0.5

Fees

Annual fee	$250
Minimum monthly repayment	2% of the closing balance or $10, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	3%
Cash advance fee	3%
Overseas cash advance fee	2%
Additional cardholder fee	$0
Number of additional cardholders	1

How to apply

You can apply for the Westpac Altitude Velocity Platinum card online in around 10 minutes. Start by checking that you meet the following eligibility requirements and have all the details and documents you'll need to fill out the application form.

Eligibility criteria

New customer. The bonus points offer is only available to new cardholders.
Residency. This card is available to permanent Australian residents.

Income. To apply for this card, you must earn at least $30,000 per year.

Age. You must be at least 18 years old to apply.
Existing customers. You must be an existing Westpac customer to be eligible for the discounted first-year annual fee offer.

Required documents

Personal details. This includes your name, email address, living arrangements and a valid form of ID, such as your driver's licence number, Medicare card number or passport details.
Employment details. This covers your current employment status, job title, salary and your employer's contact details. You may also need to provide supporting documentation such as recent payslips, bank statements or tax assessment notices.
Financial details. This includes any other forms of income such as pensions or government payments, as well as savings and investments. You'll also need to share details of your existing debts and financial responsibilities, including an estimate of your living costs such as rent/mortgage payments, bills and groceries.
Frequent flyer membership details. You'll be given the choice of earning points through the Altitude Rewards program, Altitude Velocity, or Altitude Qantas. If you're an existing member of Velocity Frequent Flyer, you will be prompted to enter your membership number when you choose this option.

Card benefits

75,000 bonus Velocity Points. You'll get 75,000 bonus Velocity Points when you apply for the Westpac Altitude Velocity Platinum and spend at least $4,000 on eligible purchases within 90 days from card approval.
Economy X Seat Upgrade vouchers every year. When you add your membership number to your account and make a direct spend with Virgin Australia on your card, you will receive 2 vouchers for Economy X Seat Upgrades for eligible domestic flights to use for yourself and/or other passengers travelling on the same itinerary. The vouchers will be added to your account within 10 days of meeting the spend requirement and can be redeemed by calling 1300 038 373 at least 24 hours prior to your flight.

Discounted first-year annual fee for existing customers. Existing Westpac customers will receive a discounted annual fee of $124 (including a $75 rewards fee) in the first year, which reverts to $250 p.a. thereafter.
Rewards program. With your Altitude Velocity Platinum credit card, you will earn 0.5 Velocity points per $1 you spend on eligible purchases, uncapped. Eligible purchases cover most of your everyday spending, however, transactions that won't earn points include cash advances, balance transfers, BPAY payments and payments to the Australian Taxation Office.
Complimentary insurances. You get a wide range of insurance covers with your platinum credit card. You can benefit from overseas travel insurance that includes medical expenses, lost or damaged property, personal liability, and more. You'll also enjoy transit accident insurance, purchase protection insurance and extended warranty coverage.
Additional cardholder. Earn points faster by adding 1 additional cardholder for $0.
Mobile payment technology. You can link your Westpac Altitude Velocity Platinum credit card with Samsung Pay or Google Pay to make contactless payments at the checkout with your Samsung or Android device. You can also use your fitness tracker via Garmin Pay and Fitbit Pay.

Rates & fees

Annual fee. The Westpac Altitude Velocity Platinum card charges a total annual fee of $250. This is made up of the $175 standard annual fee plus the $75 Velocity opt-in fee.
Purchase rate. This credit card charges a variable interest rate of 20.99% p.a. on purchases.

Interest-free days. When you pay your monthly payment balance in full, which excludes current balance transfers, listed on your statement by the payment due date, you will receive up to 45 days interest-free on new purchases. Note that interest-free days are separate from any longer-term interest rate promotions.
Cash advance rate. This card charges a variable interest rate of 21.99% p.a. for cash advance transactions.
Foreign transaction fee. A 3% fee applies for any transactions made in a foreign currency.
Minimum credit limit. This card has a minimum credit limit of $6,000.

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Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

Westpac Altitude Velocity Platinum

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