Westpac Altitude Velocity Platinum (Reduced first year annual fee for Westpac Customers)
Ended — kept for reference
$300 in Coles gift cards · 70,000 Velocity points · spend $4,000 in 90 days
I'd like to use my bonus for:
$300 in Coles gift cards (64,389 of 72,000 Velocity points; 7,611 left over) − $99 card fee − $75 program fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.
These terms ended and are kept for reference.
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.
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: 0.50x 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.
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
0.50x 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
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)
- 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 these ended terms (published 6 Dec 2025) — not the current offer.
Community and personal tools
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