Westpac Altitude Velocity Platinum (Reduced first year annual fee for Westpac Customers)
I estimate a first-year value of $466 when the rewards are used for flights.
46,012 Krisflyer points, estimated value · 70,000 Velocity points · spend $4,000 in 90 days
Available
I'd like to use my bonus for:
46,012 Krisflyer points at 1.5¢ − $224 first-year fees. Flight value is an estimate, not cash. Assumes you earn the bonus and pay in full.
These terms are currently available (site published 2 Oct 2026).
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?
No recorded end date — this does not mean it never ends. Availability is rechecked against the issuer page.
What else makes the card useful?
Reward use
Ways to turn points into value.
- Points Transfer Benefits Compare across cards →Velocity Points are earned and credited directly to your Velocity Frequent Flyer account for redemption on flights, upgrades and shopping; an annual $75 Rewards Program Fee applies
Check membership, transfer ratios, minimums, and fees before choosing gift cards or flights.
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Velocity Points are earned and credited directly to your Velocity Frequent Flyer account for redemption on flights, upgrades and shopping; an annual $75 Rewards Program Fee applies
No source recorded for this benefit.
Purchase protection
Cover on things you buy with the card. Limits, excesses, and activation conditions apply.
- Purchase Protection Insurance Compare across cards →Eligible items charged to the card covered against theft, accidental damage or permanent loss for up to 4 consecutive months, limited to $10,000 per item ($3,500 for jewellery, watches and new works of art); $300 excess
Check the cover period, the card-payment condition, claim limits, and excess.
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Eligible items charged to the card covered against theft, accidental damage or permanent loss for up to 4 consecutive months, limited to $10,000 per item ($3,500 for jewellery, watches and new works of art); $300 excess
- Extended Warranty Insurance Compare across cards →Extends the manufacturer's Australian warranty by an equal period up to a maximum of 2 years on eligible products charged to the card (no cover if warranty exceeds 5 years); $20,000 per product limit, $300 excess
Check how much extra cover it adds, which warranty lengths qualify, limits, and excess.
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Extends the manufacturer's Australian warranty by an equal period up to a maximum of 2 years on eligible products charged to the card (no cover if warranty exceeds 5 years); $20,000 per product limit, $300 excess
Travel
Travel cover and perks. Most need qualifying bookings or payment with the card.
- Seat Upgrades Compare across cards →Two complimentary Economy X Seat Upgrade Vouchers per year for selected domestic Virgin Australia flights; requires Velocity Frequent Flyer number on file and a direct spend with Virgin Australia on the card; vouchers valid 12 months, redeemed by calling Virgin Australia
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Two complimentary Economy X Seat Upgrade Vouchers per year for selected domestic Virgin Australia flights; requires Velocity Frequent Flyer number on file and a direct spend with Virgin Australia on the card; vouchers valid 12 months, redeemed by calling Virgin Australia
No source recorded for this benefit. - Travel Insurance Compare across cards →Complimentary international travel insurance for trips up to 3 consecutive months (Level 2 Card) when you charge at least $500 of prepaid travel costs to the card and hold a return overseas ticket; key sections (overseas emergency medical, evacuation, cancellation) are unlimited…
Check the cover period, the activation condition, and who counts as an insured person.
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Complimentary international travel insurance for trips up to 3 consecutive months (Level 2 Card) when you charge at least $500 of prepaid travel costs to the card and hold a return overseas ticket; key sections (overseas emergency medical, evacuation, cancellation) are unlimited with no single capped sum
- Rental Vehicle Insurance Compare across cards →Rental vehicle excess cover up to $5,500 for damage or theft of a rental vehicle, both overseas (under International Travel Insurance) and in Australia, when the rental is charged to the card; $300 excess
Check overseas rental excess separately from Australian cover, plus limits and activation for each.
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Rental vehicle excess cover up to $5,500 for damage or theft of a rental vehicle, both overseas (under International Travel Insurance) and in Australia, when the rental is charged to the card; $300 excess
- Transit Accident Insurance Compare across cards →Overseas Transit Accident Insurance pays for specified accidental death or injury sustained overseas while travelling as a passenger on a plane, bus, train or short-haul ferry when the entire trip is charged to the card; up to $750,000 for loss of life
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Overseas Transit Accident Insurance pays for specified accidental death or injury sustained overseas while travelling as a passenger on a plane, bus, train or short-haul ferry when the entire trip is charged to the card; up to $750,000 for loss of life
Everyday savings
Discounts and cashback on spending. Activation and caps vary.
- Shopping Benefits Compare across cards →Personalised cashback offers from Westpac Extras, bonus cashback when shopping via the Westpac Lounge on ShopBack, plus other discounts and offers from a range of in-store and online shops
Check activation and purchase conditions. Amounts here don't add to the bonus calculation.
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Personalised cashback offers from Westpac Extras, bonus cashback when shopping via the Westpac Lounge on ShopBack, plus other discounts and offers from a range of in-store and online shops
No source recorded for this benefit.
Account management
Tools for running the account — repayment helpers, not reward value.
- Buy Now Pay Later Compare across cards →PartPay feature splits eligible purchases into 4 payments over 6 weeks; turn on to start using
Check applicable charges and eligibility.
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PartPay feature splits eligible purchases into 4 payments over 6 weeks; turn on to start using
No source recorded for this benefit.Learn more - Installment Plans Compare across cards →SmartPlan lets you convert eligible purchases into a fixed instalment payment plan
Check applicable charges and eligibility — a repayment plan, not reward value.
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SmartPlan lets you convert eligible purchases into a fixed instalment payment plan
No source recorded for this benefit. - Balance Transfer Offers Compare across cards →Balance transfers available on the card account; no specific promotional rate stated on the offer page
Check the rate, period, revert rate, and fees.
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Balance transfers available on the card account; no specific promotional rate stated on the offer page
No source recorded for this benefit. - Digital Wallet Integration Compare across cards →Supports Apple Pay, Samsung Pay and Google Pay
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Supports Apple Pay, Samsung Pay and Google Pay
No source recorded for this benefit. - Digital Card Issuance Compare across cards →Instant Digital Card available from the moment the account is opened, with no need to wait for a physical card
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Instant Digital Card available from the moment the account is opened, with no need to wait for a physical card
No source recorded for this benefit. - Online Banking Features Compare across cards →Westpac App money management tools including cash flow and spend Categories, Cards Hub (order/lock card, change PIN), Quick Balance and Card Autopay
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Westpac App money management tools including cash flow and spend Categories, Cards Hub (order/lock card, change PIN), Quick Balance and Card Autopay
No source recorded for this benefit. - Interest Free Periods Compare across cards →Up to 45 interest-free days on purchases when the Closing Balance is paid in full by the payment due date; cash advances are not covered
Interest-free terms change often — confirm the current days with the issuer before applying. This recorded term may be out of date.
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Up to 45 interest-free days on purchases when the Closing Balance is paid in full by the payment due date; cash advances are not covered
No source recorded for this benefit. - No Additional Cardholder Fee Compare across cards →One additional cardholder (aged 16 or over) can be added at no extra cost
Check account liability and age or redemption restrictions.
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One additional cardholder (aged 16 or over) can be added at no extra cost
No source recorded for this benefit.
Should I keep it after the first year?
Renewal costs $300 each year ($175 annual fee + $125 program fee) — first year was $224.
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: 0.33x Velocity points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $300/yr.
Year-two points aren't dollar-valued here: the redemption catalogue may change before renewal, so recheck the rate then.
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.
Terms and evidence
Full current terms
Offer terms
First Year Points
70,000 points
Velocity
Second Year Points
30,000 points
With $175 annual fee
Minimum Spend
$4,000
within 90 days (about 3 months)
Ongoing Earn Rate
0.33x points per $1 spent
Fees
First Year Annual Fee
$99
Ongoing Annual Fee
$175
From year 2 onwards
Program Fee
$125
Additional fee for reward program participation
Purchase Interest Rate
23.98% 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)
- Seat UpgradesUpdated May 2026
- Interest Free PeriodsUpdated May 2026
- Digital Card IssuanceUpdated May 2026
- Digital Wallet IntegrationUpdated May 2026
- No Additional Cardholder FeeUpdated May 2026
- Buy Now Pay LaterUpdated May 2026
- Transit Accident InsuranceUpdated May 2026
- Purchase Protection InsuranceUpdated May 2026
- Extended Warranty InsuranceUpdated May 2026
- Rental Vehicle InsuranceUpdated May 2026
- Travel InsuranceUpdated May 2026
Offer terms history
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 2 Oct 2026
Changes from terms version 8
No recorded term changes from the previous version.
Changes from terms version 6
Changes from terms version 5
Changes from terms version 4
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Archived notes
Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.
- 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.3 years ago
- Expiration changed from 30/04/24 to 27/02/243 years ago
- Expiration changed from 01/11/23 to 30/04/243 years ago
- Increased annual fee to $1243 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 $150 to $99.4 years ago
- Offer extended to 29th June 20234 years ago
Discussion
About the current terms (published 2 Oct 2026).
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