Westpac Altitude Velocity Platinum (Reduced first year annual fee for Westpac Customers)

$49 first year annual fee

$75 reward program fee

75,000 points

$3,000 min limit

$30,000 annual income required

0.50 points per dollar

Spend $4,000 in 90 days

Open credit card website

You'll also get two Economy X Seat Upgrade Vouchers each year for selected domestic Virgin Australia flights7. Available when you spend with Virgin Australia on your Mastercard. See FAQs for details.

Summary

Low Fee

Key Highlights

• 75,000 bonus points
• $49 annual fee

Notes

You'll also get two Economy X Seat Upgrade Vouchers each year for selected domestic Virgin Australia flights7. Available when you spend with Virgin Australia on your Mastercard. See FAQs for details.

Offer Details

Signup Bonus

75,000 points

Velocity

Minimum Spend

$4,000

within 3 months

Ongoing Earn Rate

0.50x points per $1 spent

Fees

First Year Annual Fee

$49

Ongoing Annual Fee

$175

From year 2 onwards

Program Fee

$75

Additional fee for reward program participation

Note: Additional fees may apply for cash advances, foreign transactions, overlimits, and late payments. Check the issuer's terms and conditions for complete fee details.

Benefits

Seat Upgrades

Two complimentary Economy X Seat Upgrade Vouchers each year for selected domestic Virgin Australia flights, available when spending with Virgin Australia on the Mastercard. Vouchers appear in Velocity Frequent Flyer account within 10 business days of eligible spend and are valid for 12 months.

Travel Insurance

Up to 3 months complimentary international travel insurance cover when eligibility criteria are met, including prepaying $500 of travel costs and holding a return overseas ticket before departing Australia.

Rental Vehicle Insurance

Rental Vehicle Excess cover in Australia included as part of complimentary insurances.

Extended Warranty Insurance

Up to 24 months extended warranty insurance cover in addition to the manufacturer's expressed Australian warranty on eligible purchases made with the credit card.

Purchase Protection Insurance

Up to 4 months purchase protection insurance on eligible purchases made with the credit card.

Transit Accident Insurance

Overseas Transit Accident Insurance covers accidental death or injury when traveling overseas as a passenger on plane, bus, train, or shorthaul ferry with tickets purchased using the credit card.

Buy Now Pay Later

PartPay feature allows splitting purchases into 4 payments over 6 weeks on the credit card account.

No Additional Cardholder Fee

One additional cardholder (16 years or older) can be added at no extra cost.

Digital Wallet Integration

Card supports Apple Pay, Samsung Pay, and Google Pay digital wallets.

Digital Card Issuance

Instant Digital Card available from the moment the account is opened, before the physical card arrives.

Interest Free Periods

Up to 45 days interest-free period on purchases when the closing balance or monthly payment balance is paid in full by the due date. Cash advances are excluded.

Expert Analysis

Bonus Difficulty

Easy

●○○

$44 per day required

First Year Cost

$124

annual fee + $75 program fee

Estimated Bonus Value

$1463

Based on 1.9¢ per Velocity point

Earn Rate

Average

●●○○

0.50x Velocity points per $1

RWRDS Insight

This analysis is generated using RWRDS algorithms based on current market data, bonus structures, and fee schedules. Values are estimates and actual results may vary. Consider your spending patterns and reward preferences when evaluating offers.

I'd like to use my 77,000 bonus points for:

Supermarket Gift Cards Virgin Australia Singapore Airlines

77,000 Velocity points

0.50 points per dollar

History

26/06/2025

3 changes

Successfully Scraped At:

15/08/2025

Lounge Pass:

Two Economy X Seat Upgrade Vouchers each year for selected domestic Virgin Austr...

Minimum Credit Limit:

6,0003,000

26/03/2025

3 changes

Lounge Pass:

Two Economy X Seat Upgrade Vouchers each year for selected domestic Virgin Austr...

Expiration Date:

25/03/2025

Second Year Bonus:

20,0000

26/03/2025

2 changes

Expiration Date:

25/03/202525/03/2025

Bonus:

60,00075,000

25/01/2025

2 changes

Expiration Date:

30/04/202525/03/2025

Interest Rate:

2020.99

Expiration changed from 27/02/24 to 31/07/24, Bonus from 70K to 60K, Second Year Bonus from 0 to 20K, Notes from Economy X Seat Upgrade Vouchers. get two Economy X Seat Upgrade Vouchers each year for selected domestic Virgin Australia flights. Available when you spend with Virgin Australia on your Mastercard. See FAQs for details. to You'll also get two Economy X Seat Upgrade Vouchers each year for selected domestic Virgin Australia flights7. Available when you spend with Virgin Australia on your Mastercard. See FAQs for details.
a year ago
Expiration changed from 30/04/24 to 27/02/24
a year ago
Expiration changed from 01/11/23 to 30/04/24
2 years ago
Increased annual fee to $124
2 years ago
Offer end date changed to 14th June 2023 reward program fee increasing from $50 to $75 and annual fee increasing from $150 to $175 https://www.westpac.com.au/content/public/wbc/en/personal-banking/credit-cards/reward/reward-card-changes.html
2 years ago
Annual fee reduced from $200 to $150 and first year reduced from $150 to $99.
3 years ago
Offer extended to 29th June 2023
3 years ago

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Westpac Altitude Velocity Platinum