Westpac Altitude Velocity Platinum (Reduced first year annual fee for Westpac Customers)
Churn value: $988 in flights.
You pay $224 in first-year fees.Spend $4,000 in 90 days.You get 71,320 Velocity points, worth about $1,212 in flights.
The recorded minimum requirements are that you earn at least $30,000 a year and can take a credit limit of at least $3,000. Meeting them does not guarantee approval.
It is only worth it if you pay in full each month and close the card before the next $300 fee.
Available
This page is my best effort to summarise the card's terms from the information I found. Read the bank's terms for full details, or contact the bank if you have questions.
I'd like to use my bonus for:
Can I get this?
This offer is advertised to the public. Bonus conditions and the bank’s approval requirements still apply.
Can I get this bonus if I have held a card before?
Existing Westpac customers who currently hold an Earth Classic, Earth Platinum, Earth Platinum Plus, Earth Black, Altitude Classic, Altitude Platinum or Altitude Black credit card, or who have held one in the last 24 months, are not eligible for this offer. The wait is 24 months, from the last date you held one of these cards. If you hold one now, you cannot get this bonus.
See the waiting rules for every Australian bank →What must I spend?
$4,000 within 90 days — about $1,333 per month.
Can I get the card?
The minimum credit limit is $3,000. This is the least the bank may let you borrow.
You must earn at least $30,000 a year.
Meeting the bonus rules does not mean the bank will approve your application. The bank must assess and approve the card separately.
How long is this available?
I do not have an end date for this offer.
What do I do, step by step?
- Apply. Check the income and waiting rules in “Can I get this?” first. If you do not pass those, the bonus does not come.
- Spend $4,000 in 90 days on bills and shopping you had to pay anyway. Do not buy extra things just to hit the number.
- Pay in full each month. Interest can eat the whole bonus. The churn value at the top assumes you never pay interest.
- Use the points for flights. Points you never use are worth zero.
- Close the card before the next fee — keeping it costs $300 a year. The next section helps you decide if keeping it is worth it.
When this is not worth it
- You pay interest, or you cannot pay in full each month.
- You buy things you do not need to hit the spend target.
- You have no trip or use in mind for the points.
- You keep the card into year two out of habit and pay the fee again.
Should I keep it after the first year?
Keeping the card costs $300 each year ($175 annual fee + $125 program fee) — the first year was $224.
The year-two bonus is 30,000 Velocity points.
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.
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
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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
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
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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
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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
- 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…
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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
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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
These amounts are not included in 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
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
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PartPay feature splits eligible purchases into 4 payments over 6 weeks; turn on to start using
- Installment Plans Compare across cards →SmartPlan lets you convert eligible purchases into a fixed instalment payment plan
This is a repayment plan. It does not add reward value.
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SmartPlan lets you convert eligible purchases into a fixed instalment payment plan
- Balance Transfer Offers Compare across cards →Balance transfers available on the card account; no specific promotional rate stated on the offer page
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Balance transfers available on the card account; no specific promotional rate stated on the offer page
- 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
- 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
- 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
- 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
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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 Additional Cardholder Fee Compare across cards →One additional cardholder (aged 16 or over) can be added at no extra cost
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One additional cardholder (aged 16 or over) can be added at no extra cost
71,320 Velocity points at 1.7¢ a point − $224 in first-year fees. This is flight value, not cash. It assumes you earn the bonus and pay in full.
This offer is open now (terms from 13 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.
- You close the card before the next annual fee, or you decide keeping it is worth that fee.
Did this help you make a decision?
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.
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 (10 versions — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 13 Oct 2026
Availability changed from ended to available; conditions unchanged.
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 13 Oct 2026).
Community and personal tools
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