American Express Westpac Altitude Black Credit Card Bundle® (Altitude)

American Express Westpac Altitude Black Credit Card Bundle® (Altitude)

Offer
Card features
balance transfer
purchase rate
annual fee
Apply
American Express Westpac Altitude Black Credit Card Bundle® (Altitude)
Apply by 31 mar 20
American Express Westpac Altitude Black Credit Card Bundle® (Altitude)
Earn up to 140,000 bonus Altitude Points when you apply for the two-card bundle issued by Westpac and Amex until 31 March 2020. (Conditions Apply)
Reduced Annual Fee of $349 p.a. in the first year.
Earn up to 5 Altitude points per $1 spent on eligible overseas purchases. (Amex)
Add to comparison
-
20.49% p.a.
ongoing
$349
1st year
then $449

Pros & cons

What's good?

What's not so good?

Earn up to 140,000 bonus Altitude Points when you apply for the two-card bundle issued by Westpac and Amex until 31 March 2020, are approved and meet the minimum spend for each card.
Westpac Altitude Black Mastercard®: 100,000 bonus Altitude Points when you spend $4,000 on eligible purchases within 90 days of card approval.
American Express Westpac Altitude Black Card: 40,000 bonus Altitude Points when you spend $3,000 on eligible purchases within 90 days of card approval.
Reduced Annual Fee of $349 p.a. in the first year (Amex – $99, Mastercard – $250).
Mastercard: Earn 6 Altitude Points per dollar spent up to $10,000 per calendar month on flights purchased in Australia directly with Qantas, Jetstar, Virgin Australia, Emirates and Singapore Airlines, then 1.25 points per $1 spent thereafter.
Mastercard: Earn 2 Altitude Points per dollar spent on overseas spend and with David Jones, Myer, THEICONIC, Spotify Premium, Uber, Uber Eats and Airbnb. All other eligible local purchases will earn 1 Altitude point per $1 spent.
24/7 Altitude Black Card Priority Service line.
Redeem Altitude points through Altitude Black Travel Service or convert your points into Virgin Australia’s Velocity, Malaysia Airline’s Enrich, Air New Zealand Airpoints, Singapore Airlines KrisFlyer, Cathay Pacific AsiaMiles.
Enjoy 2x complimentary visits per year to the American Express International Airports in Australia. Two complimentary lounge visits using the Black Mastercard. Qantas Lounge Passes (Altitude Qantas) and Priority Pass (Altitude Rewards)
For information about Frequent Flyer points earning rate of this card, please click here: Qantas or Velocity.
The annual fee of $449 p.a. is quite high, which is computed as $199 p.a. (American Express) + $250 p.a. (Mastercard®).

The interest free period is the maximum number of days during which interest is not charged on new purchases. If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the “monthly payment balance” listed on your statement of account (not the full closing balance) by the relevant payment due date.

American Express:
Purchase rate: 20.24% p.a.
Cash Advance rate: Not Applicable

Mastercard®:
Purchase rate: 20.49% p.a.
Cash Advance rate: 21.49% p.a.

Receive both rewards cards in one single application. Westpac Mastercard® issued and serviced by Westpac. AMEX Westpac Altitude Card issued & serviced by American Express.

Disclaimer (2): Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

Our review

Our review of the American Express Westpac Altitude Black Credit Card Bundle® (Altitude)Reviewed by Yvonne Taylor

You don’t need to restrict yourself to one rewards credit card when you can get a much better deal by having two. Westpac understands that their cardholders still want to have both an Amex card for high points earning plus a Mastercard for maximum acceptance. So you can still have the best of both worlds with the American Express Westpac Altitude Black Card Bundle (Altitude). It comes with a bonus points windfall, Westpac’s highest Altitude points earning rate, and heaps of perks to complement the travelling lifestyle.

One application, two cards, two accounts

What happens is that you can apply for two cards – an Amex card issued by American Express and a Mastercard from Westpac – with a single application. So there are two annual fees to pay: $250 for the Westpac Mastercard and $199 for the Amex card, a total of $449 per year.

That’s seriously pricey, but you do get a lot of points earning potential and a lot of perks in return. And there’s even better news. In the first year, you’ll get a $100 discount on the Amex card fee, bringing the cost of the card bundle down to only $349 in the first 12 months.

You can’t have the Amex card without also having the Mastercard. You’ll need to select Altitude points earning when you apply for the card bundle, rather than the Velocity or Qantas Points options.

Enormous bonus points, achievable spending targets

You might expect to have to jump through some pretty high hoops to get your hands on all of the 140,000 first-purchase bonus Westpac Altitude Rewards points available with this offer, but the spending targets are not all that dramatic for anyone considering this type of top-level rewards card.

Spend just $4,000 using the Mastercard in the first 90 days, and receive 100,000 bonus Altitude points.

Spend a further $3,000 in the first 90 days, using the Amex card, and get an extra 40,000 points.

If you can’t guarantee spending $7,000 in three months, let your Amex card stay in your wallet and concentrate on getting the 100,000 points with Mastercard. (It’s worth sacrificing the higher ongoing Amex points earning rate for a short while.) Then, if there’s still time left to hit the remaining $3,000 target, reverse the procedure and put the Mastercard away. You might consider bringing forward the date of a planned major purchase, which will effectively become less expensive if it helps you score bonus points.

Those 140,000 bonus points are worth around $667 in retail gift cards, potentially much more if exchanged for frequent flyer points.

Highly satisfying ongoing points earning

This is where the cards really start to earn their keep on a regular basis, especially in the case of the Amex card. The Altitude points earning rates are:

Amex card: 5.0 points per dollar spent in foreign currency (while overseas or online)
Amex card: 3.0 points per dollar spent in AUD, except
Amex card: 1.0 points per dollar spent with government bodies (e.g. ATO, Australia Post)

There is no cap or threshold on any of the points earned with the Amex card.

Mastercard: 6.0 points per dollar spent on the first $10,000 per calendar month on flights purchased in Australia directly with Qantas, Jetstar, Virgin Australia, Singapore Airlines and Emirates, then 1.25 points per $1 spent thereafter
Mastercard: 2.0 points per dollar spent at David Jones, Myer, THEICONIC, Uber and Uber Eats
Mastercard: 1.25 points per dollar spent on all other eligible purchases

(‘Eligible purchases’ exclude interest charges and account fees, BPAY payments, and all cash equivalents like balance transfers, cash advances and purchases of foreign currency and traveller’s cheques.)

There is no cap on any of the points earned with the Mastercard.

If you had a monthly card expenditure on standard AUD purchases of $3,000 (i.e. not with any of the bonus points program partners), of which $2,000 was incurred on the Amex card and $1,000 on the Mastercard, you would earn 7,250 points per month, 87,000 points per year. Those 87,000 points could be exchanged for about $415 worth of national retail e-Gift cards. That’s only $35 short of the annual fee, so if your annual card expenditure is likely to be in excess of $36,000, or partly in foreign currency, or directed towards some of the airline and retail partners offering higher points earning rates, you will be well ahead. That’s even before counting the value of attached complimentary benefits.

Other ways to spend Altitude points

Retail gift cards are not the only way to spend Altitude points. Some of the following options could deliver a higher value return per point, while others may result in a lower one:

  • Convert points into a cashback to your card account
  • Exchange Altitude points for frequent flyer points with Virgin Australia, Air New Zealand, Singapore Airlines, Cathay Pacific and Malaysian Airlines
  • Choose from a large range of merchandise in an online catalogue
  • Elect for an indulgent experience – a spa package, climbing Brisbane’s Story Bridge, or swimming with dolphins
  • Swap points for movie tickets
  • Get a travel gift card from Webjet, Flight Centre, DriveAway Holidays, Europcar, and Crown and Accor hotels
  • Make a donation to charity

Complimentary benefits add further value to the bundle

Although you will possibly recover the cards’ annual fees in the value of reward points redemptions, its complimentary benefits, potentially worth more than $1,600 per year, should not be underestimated. They include:

  • Seven free insurance policies: cover for overseas travel, domestic air travel, global rental vehicle insurance excess waiver, transport accidents during overseas trips, security against loss, theft or damage of major purchases, extended warranty and lowest price guarantee
  • Two American Express Airport Lounge single visit passes for Sydney or Melbourne international airport, every year
  • Two Priority Pass airport lounge single visit passes for over 1,000 lounges worldwide, every year
  • Personal concierge service to take the hassle out of researching and booking dining and entertainment, or planning travel and events, worldwide
  • Access to Amex Offers, American Express Invites and Westpac Extras for special offers and discounts, and pre-sale concert and sporting event tickets

Unappealing interest rates

The interest rates for a high-end rewards card like this are unavoidably unpleasant: 20.49% p.a. for purchases on the Mastercard, 20.24% for purchases on the Amex card, and 21.49% p.a. for cash advances via the Mastercard only. Cardholders are more likely to be concerned by the number of interest-free days on purchases (45, not the more generous 55) than by interest rates they plan never to use.

Check out other prestige cards

If you’re looking for a card with a high rewards points earning rate which doesn’t stint on complimentary benefits, you may also want to consider the American Express Qantas Ultimate Credit Card and the Citi Prestige Card.

A distinctive offering for the discerning consumer

This is no ordinary card bundle: its annual fee makes that perfectly clear. It’s a card duo for regular travellers and astute bigger spenders who expect the cards in their wallet to more than earn their keep, over and over again.

Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

The basics

About this card

Card setup
Dual Card
Card tier
Black
Card type
Mastercard & Amex
Card use
Personal
Credit rating
Good
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$75,000
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
Altitude Rewards
Temporary residents
Yes

Cardholders

Additional cardholders
1
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$15,000
Maximum credit limit
$75,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 45 days on purchases
Minimum repayment
2%

Rates & fees

Ongoing interest rates

MonthlyAnnually
Cash advances 1.79% 21.49% p.a.
Purchases 1.71% 20.49% p.a.

Fees

Annual fee
$349 p.a.
Annual fee 2nd year
$449 p.a.
Cash advance fee
whichever is greater, $2.50 or 2%
Dishonour fee
$9
Duplicate statement fee
$2
Foreign exchange fee
3%
Late payment fee
$15
Over limit fee
$0
Overseas ATM balance fee
N/A
Overseas ATM withdrawal fee
N/A
Overseas emergency card replacement fee
N/A
Transaction verification fee
$0

Rewards & points

Cool stuff you can get with your points

Disclaimer: Points required accurate as of the 31st March 2018.

Rewards program basics

First purchase bonus
140,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Altitude Rewards
Spend required for bonus points
$3,000 (AmEx) and/or $4,000 (MC) in 90 days

Earning points with this card

Frequent flyer points (AmEx)
(refer to Pros section)
Frequent flyer points (MasterCard)
(refer to Pros section)
Overseas earn rate (AmEx)
5 pts per $1 spent
Overseas earn rate (MasterCard)
2 pts per $1 spent
Points cap per month (AmEx)
N/A
Points cap per month (MasterCard)
N/A
Points cap per year (AmEx)
Unlimited
Points cap per year (MasterCard)
Unlimited
Points earned on ATO payments (AmEx)
1 pts per $1 spent
Points earned on ATO payments (MasterCard)
N/A
Reward points (AmEx)
3 pts per $1 spent
Reward points (MasterCard)
1.25 pts per $1 spent

Additional benefits

Airport lounge access
Yes
Complimentary flight voucher
No
Concierge service
Yes

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $75,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Temporary residents are eligible
Age Pension, Disability Pension, Veteran's Pension and Widower's Pension are acceptable.
Austudy, Child Support Payments, Family Tax Benefits and Parenting Payments, Foster Care Allowance and Youth Allowance are acceptable.
Joint applications are not allowed
Overseas Pension is not acceptable.
Carer's Allowance is not acceptable.
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

Similar cards

More cards like this one

This card is listed in these comparisons

Protect your identity. Monitor your credit score for free.

Join more than 13,000 Australians and get your score today.
  1. Protect yourself from identity fraud
    Get alerted to large credit score drops.
  2. Know where you stand
    The banks know your score. Shouldn’t you too?
  3. Avoid a nasty surprise
    Before applying, check if your credit is good enough.
  4. Always with you
    Check online or download the app.
People are happy
Rated 4.8 out of 5 for customer satisfaction.
You may have seen us in
Compare these cards: