Flight value

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

Ended — kept for reference

58,967 Krisflyer points, estimated value · 90,000 Velocity points · spend $4,000 in 90 days

By Craig McNamara

Compare available offers Check the issuer terms

How this value is calculated ↓

I'd like to use my bonus for:

Virgin Australia Singapore Airlines Supermarket Gift Cards

58,967 Krisflyer miles

0.23 miles per dollar

Points transfer 1.55 Velocity points 1 Krisflyer miles

How the value is calculated

58,967 Krisflyer points at 1.5¢ − $174 first-year fees. Flight value is an estimate, not cash. Assumes you earn the bonus and pay in full.

These terms ended and are kept for reference.

+90,000sign-up bonus

+1,400from $4,000 spend

=91,400Velocity points

→58,967Krisflyer points (1.6:1 transfer)

×1.5¢per point

=$885point value

−$174first-year fees

=$711est. first-year value

Sydney → Singapore · Business (72,000 pts/way)

81% of one way trip

Points via Singapore Airlines

What this calculation assumes

You make the required purchases and the bonus is paid.
You pay the balance in full — any interest changes the outcome.
The required spend is ordinary planned spending, not extra cost.
Gift-card rates are the recorded redemption catalogue, rechecked at renewal.

Did this help you make a decision?

Can I get this?

This is a public offer.

Can I get this bonus if I have held a card before?

The bonus holding rule for this offer is unverified. Check the offer terms before applying.

See exclusion periods for every Australian issuer →

What must I spend?

$4,000 within 90 days — about $1,333 per month. The terms on this page don't record when the clock starts or how long the bonus takes to arrive after you qualify — check the issuer terms for both.

Can I get the card?

$3,000 minimum credit limit — a lending commitment, not a reward fact.

$30,000 minimum annual income recorded.

Lending approval is separate from bonus eligibility: approval gets you the card, the conditions above get you the bonus.

How long is this available?

Recorded end date: March 5, 2026.

Should I keep it after the first year?

Renewal costs $250 each year ($175 annual fee + $75 program fee) — first year was $174.

Second year pays 30,000 Velocity points if you still hold the card into year two. The recorded terms don't detail the exact second spend hurdle — check the issuer terms before counting on it.

Ongoing earn: 0.35x Velocity points per $1.

Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $250/yr.

Year-two points aren't dollar-valued here: the redemption catalogue may change before renewal, so recheck the rate then.

View Exclusive Offer Details

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.

Terms and evidence

Full current terms

Offer terms

Low FeeOffer Ended

First Year Points

90,000 points

Velocity

Second Year Points

30,000 points

With $175 annual fee

Minimum Spend

$4,000

within 90 days (about 3 months)

Offer Expires

March 5, 2026

7 months ago

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

Purchase Interest Rate

20.99% p.a.

The value above assumes you pay in full and never pay this. Any interest changes the outcome.

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.

Benefit history (11 changes)