Westpac Altitude Velocity Platinum
$99 first year annual fee
$75 reward program fee
60,000 points
$6,000 min limit
$30,000 annual income required
0.50 points per dollar
Spend $4,000 in 90 days
Offer Details
Low FeeOffer Ended
First Year Points
60,000 points
Velocity
Second Year Points
20,000 points
With $175 annual fee
Minimum Spend
$4,000
within 3 months
Offer Expires
July 31, 2024
2 years ago
Ongoing Earn Rate
0.50x 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 bonus for:
Craig's Analysis60,000 bonus + 2,000 from $4,000 spend
62,000 Velocity pts × 1.7¢/pt = $1,054
− $174 first year fees
Est. profit $880
Bonus Difficulty
Easy
●○○$44 per day required
First Year Cost
$174
annual fee + $75 program fee
Earn Rate
Average
●●○○0.50x Velocity points per $1
Did this help you make a decision?
$76 of profit after meeting spend requirements
+ $250 Coles gift cards
- $99
annual fee
$100
x 2
$50
x 1
in Coles gift cards, $250 total, with 8,410 points remaining.
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
Expiration Date:
31 Jul 202425 Mar 2025
Annual Fee:
$99$119
Interest Rate:
20.0020.99
- 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 flights7.2 years ago
- Expiration changed from 30/04/24 to 27/02/242 years ago
- Expiration changed from 01/11/23 to 30/04/242 years ago
- Increased annual fee to $1743 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.html3 years ago
- Annual fee reduced from $200 to $150 and first year reduced from $200 to $150.3 years ago
- Offer extended to 29th June 20233 years ago