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The bonus points promotion is available when you apply for a new Westpac Altitude Black credit card via this page between 4 September 2017 and 26th October 2017. The bonus points will be credited to your points balance as follows: 20,000 points within 8 weeks of card approval and 80,000 points within 12 weeks after the eligible spend criteria being met. Spend criteria is a minimum amount of $5,000 on eligible purchases within 90 days from card approval. Eligible purchases do not include fees, cash, cash equivalent transactions, BPAY, refunds and balance transfers debited from the card account. To be eligible, the account must be open and not in arrears at the time of crediting points. Existing Westpac customers who currently hold an Altitude Platinum credit card, or who have held one in the last 12 months are not eligible for this offer. You must be a member of the Qantas Frequent Flyer program to earn Qantas Points. A joining fee may apply. Membership and Qantas Points are subject to the Qantas Frequent Flyer Terms and Conditions.
Westpac’s credit card designers were certainly at the top of their game when they came up with the Westpac Altitude Black Credit Card, which neatly packages most of the features that any credit card user could ask for, even though it comes with the usual hefty fee for a black credit card (discounted, however, in the first year). If you choose this card, you’ll want to hang around for at least a year to make the most of the multiple benefits, including choice of rewards, high points earning rates coupled with substantial bonus points, and a suite of complimentary benefits.
Qantas or Altitude points? Take your pick.
Qantas frequent flyers can choose to earn QFF points, while anyone can opt for Westpac Altitude Rewards and redeem points for a range of consumer products, entertainment and travel, financial services and shopping gift cards, or even put them towards the purchase price of a new Holden. While you usually get a far greater dollar value from QFF points, Altitude points have the advantage of offering a larger range of redemption options, including converting them to points with Altitude’s partner airlines, which include Virgin Australia, Malaysian Airlines, Singapore Airlines, Air New Zealand and Cathay Pacific.
You can even set up auto-redemption for Virgin Australia Velocity points, automatically receiving one Velocity point in exchange for every two Altitude points you earn.
Westpac’s highest points earning rate, uncapped
This card account presents you with two cards: AmEx and MasterCard. The AmEx card carries Westpac’s highest points earning rate, and all points are uncapped. Here are the details:
AmEx card: 1.25 QFF points or 2.5 Altitude points per dollar spent
MasterCard: 0.625 QFF points or 1.25 Altitude points per dollar spent with Australian merchants
MasterCard: 1.25 QFF points or 2.5 Altitude points per dollar spent with overseas merchants (including online)
AmEx is clearly the best card to use locally, but MasterCard provides a useful fallback if AmEx is declined or attracts a surcharge.
An additional 1.0 bonus points per dollar is available for purchases of Qantas flights and upgrades made using the card.
''Golden hello’ bonus points
There’s the potential to earn a whopping 100,000 first-purchase points – QFF or Altitude, depending on your reward choice. The first 20,000 is yours automatically, credited to your points account within eight weeks of card approval. The final 80,000 points come almost as easily, yours as long as you spend a minimum of $5,000 in the first 90 days. That’s $1,667 per month, an achievable target for most people considering a black-tier credit card.
To give you an idea of what this is worth, 100,000 Altitude points is almost enough for a $500 David Jones eGift card (105,000 points), while 100,000 QFF points is more than enough for a return economy flight to Los Angeles (90,000 points). Convert the Altitude points to Velocity, and the resulting 50,000 points could be used for three return economy flights between Sydney and Melbourne, with 3,200 points remaining.
First year annual fee reduction
Although the ongoing annual fee for this card is a high $195 p.a., in the first year of holding the card you will pay just $195, significantly reducing the cost of trying out the card to see if it is a good fit for you.
Every conceivable complementary benefit
This is the area where, on top of the high points earning rate, the card justifies its $195 p.a. annual fee after the first year. (Note that you can get an additional card free of charge, unlike similar cards which charge around $65 for every extra cardholder.)
The extensive, money-saving complementary benefits include:
That’s quite a list, and it not only matches but in many cases exceeds the benefits offered with other black cards.
Westpac Altitude Black is designed for . . .
. . . someone who wants it all and can afford to pay for it, but still expects top value per dollar spent: AmEx AND MasterCard; a choice of Altitude Rewards OR QFF points; high points earning rate AND bonus points; Qantas or Priority Pass lounges passes AND AmEx lounge passes; and free insurance cover that’s better in many respects than the cover provided by competing cards.
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