Westpac Altitude Platinum Credit Card

How does the Westpac Altitude Platinum Credit Card compare against a credit card of the national average?

		Purchase Rate	Cash Adv Rate	Annual Fee	Bal. Transfer Rate	Bal. Transfer Rate Period
	Westpac Altitude Platinum Credit Card	19.99%	21.59%	$150	3.99%	6 months
	The Average Credit Card	16.84%	21.27%	$90	2.01%	7 months

Methodology: The Scorecard is based on the interest rates and fees from 306 credit cards from 52 banks and credit unions to give a national average on an ongoing basis. Introductory promotional rates are not included in the calculation.

Disclaimer: The data presented in the Scorecard is intended to be a guide. Some factors may affect data accuracy. We try to present accurate and fresh data, but it is possible that our database may not include every credit card on the entire market and that products may change without us being notified.

The award winning Westpac Altitude Platinum credit card not only gives you access to a fantastic rewards scheme, but also offers reasonable rates and benefits too. It comes with not one, but two credit cards – ideal if you want to collect points in a hurry! The Westpac Altitude Platinum credit card is perfect for anyone who loves to travel or wants to be rewarded for spending!

Pros

The main advantage to owning a Westpac Altitude Platinum credit card over other credit cards is the rewards scheme. There are no restrictions on where you can earn points – simply use your card in store, online or over the phone and you’ll be earning points. The Altitude Platinum MasterCard pays out at a rate of 1 point for every $1 spent, and the American Express rewards spending at the higher rate of 2 points per $1. Westpac also offer all new members a whopping 10,000 points bonus on their first purchase.

Points can be redeemed for flights on many of the world’s major airlines, including Virgin, Air New Zealand and Singapore Airlines. This flexibility is a great feature, meaning that you can choose who you prefer to travel with rather than being forced to choose from the routes and flight times offered by a single airline. You can also redeem points for a wide range of rewards including shopping vouchers, clothes and wine. And what’s more, unlike some other rewards cards there is no limit or cap on the amount of points you can collect.

But don’t fear if you haven’t collected enough points through your Altitude Platinum credit card, Westpac also allow members to pay using points and the remainder with cash – perfect if you want to redeem your points for a reward in a hurry.

Cons

If you’re after low introductory rates then you’ll be disappointed. There is no interest free period on balance transfers (3.99% p.a. for 6 months), which may put off those of you who are looking to switch to a lower interest rate card and pay off your debt faster. Similarly, there is no interest free period on purchases, instead Westpac prefer to keep the rate of 19.99% p.a. consistent throughout the ownership of the card. It’s not all negative however, as the Altitude Platinum credit card comes with a 45 day interest free period so long as your balance is paid off in full at the end of the month.

Conclusion

If you want a credit card that rewards you for spending, then look no further! The Westpac Altitude Platinum account is perfect for anyone who uses or plans to use their credit card on a regular basis. If you don’t regularly use credit cards then bare in mind that the Altitude Platinum card comes with a $150 p.a. annual management fee that can negate the value of the rewards points earned.