Image of Westpac Altitude Velocity Platinum (Reduced first year, Velocity Bonus Offer) credit card

Westpac Altitude Velocity Platinum (Reduced first year, Velocity Bonus Offer)

$99 first year annual fee
$75 reward program fee
90,000 points
$3,000 min limit
$30,000 annual income required
0.35 points per dollar
Spend $4,000 in 90 days

Summary

Low Fee

Key Highlights

  • 90,000 bonus points
  • $99 annual fee

Notes

Velocity Frequent Flyer bonus offer. Activate offer on the VFF portal before applying. Includes 20,000 extra bonus Velocity Points from VFF activation on top of the standard 70,000 Velocity Points card offer. Reduced first year annual fee of $99 for existing Westpac customers. Card earns Velocity Points directly.

Offer Details

First Year Points

90,000 points

Velocity

Second Year Points

30,000 points

With $175 annual fee

Minimum Spend

$4,000

within 3 months

Offer Expires

March 5, 2026

in 23 days

Ongoing Earn Rate

0.35x points per $1 spent

Fees

First Year Annual Fee

$99

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.

I'd like to use my 91,400 bonus points for:

Expert Analysis

CraigCraig's Take
91,400 Velocity pts × 1.7¢/pt = $1,554
− $174 first year fees
Est. profit $1,380

Bonus Difficulty

Easy

●○○

$44 per day required

First Year Cost

$174

annual fee + $75 program fee

Estimated Bonus Value

$1530

Based on 1.7000000000000002¢ per Velocity point

Earn Rate

Poor

●○○○

0.35x 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.

$226 of profit after meeting spend requirements
+ $400 Coles gift cards
- $99
annual fee

$100
x 4
in Coles gift cards, $400 total, with 5,548 points remaining.

Did this help you make a decision?


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