Westpac now offering Velocity and Qantas rewards

Westpac now offering Velocity and Qantas rewards

  • Introducing Australia’s first credit card to offer earning Qantas OR Velocity points.
  • 60,000 Qantas or Velocity points on sign-up with Westpac Altitude Platinum Credit Card.
  • Qantas vs Velocity: which should you choose?

It’s the frequent flyer question all Aussies face: Velocity or Qantas? With so many cards and great sign-up points offers available, it’s tough to pick a card if you’re tied to one frequent flyer program. In a never done before space, Westpac has introduced the first Australian credit card that offers Qantas or Velocity points earning upon sign-up.

Why is this good?

For starters, let’s say you collect points with Velocity and notice a great card that suits your needs. It ticks all the boxes, but it’s a Qantas card. Bummer.

With Westpac, you can now get a frequent flyer card that suits your financial needs while being able to choose from Qantas or Velocity on sign-up. It’s especially great for anyone that churns cards for Velocity sign-up bonus points. If you play the points game wisely, you’ll sometimes find yourself out of new sign-up points offers you’re eligible for; with only Virgin Money and American Express offering Velocity point-earning cards. 

Qantas vs Velocity

It’s the age-old question and really, if we’re honest – both the Qantas and Velocity frequent flyer programs are great. Factors to consider include airline partners, where you shop and buy fuel and even where you exercise.

Airline Partners

Both Qantas and Velocity partner with very different airlines. That being said, both will have partners dotted across the world so you’ll not be too troubled to find a rewards seat.

Velocity’s main partners include Tigerair, Delta Air Lines, Singapore Airlines, Virgin Atlantic, Etihad Airways and more.

Qantas’ main partners include American Airlines, British Airways, Cathay Pacific, Qatar Airways, Japan Airlines and more.

As we said, both offer solid worldwide partnerships. However, if you have a soft spot for a certain airline or fly frequently on a low-cost carrier like Tigerair then it’s worth picking one program over the other.

Shopping Partners

Qantas’ online shopping portal is without a doubt the more robust out of the two. While Virgin partner with big retailers like Apple, Microsoft and David Jones their offers aren’t as competitive and their partners aren’t as varied as Qantas’.

For example, Qantas’ online mall runs specials like 5 points per $1 spent at Country Road and 100 points per $50 spent at Caltex.

Also, where you buy your groceries should influence your decision. Anyone shopping at Coles, BP and Liquorland will earn Flybuys – these, in turn, can be converted into Velocity points. Whereas Woolworths, BWS and Caltex fans will rack up Woolworths Rewards which convert into Qantas points.

But like all offers, there are a few important things you should know.

Qantas online shopping portal

Things to keep in mind

The sign-up bonus offer is only available to new cardholders. If you’ve never owned a Westpac credit card or held one over 18 months ago then you’re eligible for the sign-up bonus points. If you’re a Westpac debit card holder then you’re also eligible to apply.

Also, the Qantas Frequent Flyer overhaul could impact your decision as the new set-up includes cheaper classic reward Economy seats, more points seats for frequent flyers and lower fees and taxes.

Virgin online shopping portal

Which offer is best?

As always it depends on your needs and eligibility. Westpac offers the Altitude Black Credit Card and the Altitude Platinum Credit Card both as a single card or as part of the Visa and AMEX bundle.

Here’s what it means for you:

If you’re still on the fence, 60,000 Qantas points (plus a couple of hundred bucks) will take you on a one-way Economy ticket from Sydney to most major European cities, Hawaii and Hong Kong. With Virgin, 60,000 points will land you a return Economy ticket from Sydney to Singapore or a one-way Business Class seat from Melbourne to Bali or Auckland.

Finally, it’s worth noting that the AMEX card is another great route to collecting points. As always, AMEX cardholders can benefit from discounts across a variety of retailers and hotels only available to American Express users. However, cardholders will have to manage each card separately as you can’t access your AMEX through Westpac’s online banking service and if you already hold an American Express card you might not be entitled to the points sign-up offer.