Westpac Altitude Velocity Platinum

$175 first year annual fee

$75 reward program fee

70,000 points

$3,000 min limit

$30,000 annual income required

0.35 points per dollar

Spend $4,000 in 90 days

Summary

Mid-Tier

Key Highlights

• 70,000 bonus points
• $175 annual fee

Notes

You'll also get two Economy X Seat Upgrade Vouchers each year for selected domestic Virgin Australia flights7.

Offer Details

First Year Points

70,000 points

Velocity

Second Year Points

30,000 points

With $175 annual fee

Minimum Spend

$4,000

within 3 months

Ongoing Earn Rate

0.35x points per $1 spent

Fees

First Year Annual Fee

$175

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 71,400 bonus points for:

Supermarket Gift Cards Virgin Australia Singapore Airlines

Expert Analysis

Craig's Take

71,400 Velocity pts × 1.7¢/pt = $1,214

− $250 first year fees

Est. profit $964

Bonus Difficulty

Easy

●○○

$44 per day required

First Year Cost

$250

annual fee + $75 program fee

Estimated Bonus Value

$1190

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.

Did this help you make a decision?

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You'll also get two Economy X Seat Upgrade Vouchers each year for selected domestic Virgin Australia flights7.

History

11 Jan 2026

1 changes

Points Per Dollar:

0.500.35

6 Dec 2025

2 changes

Bonus:

75,00070,000

Second Year Bonus:

030,000

26 Jun 2025

2 changes

Lounge Pass:

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

Minimum Credit Limit:

6,0003,000

26 Mar 2025

5 changes

Lounge Pass:

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

Expiration Date:

25 Mar 2025

Annual Fee:

$119$175

Bonus:

60,00075,000

Second Year Bonus:

20,0000

15 Aug 2024

3 changes