American Express Westpac Altitude Black Card Bundle (Velocity) | Details & Review

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

Offer
Card features
balance transfer
purchase rate
annual fee
Apply
American Express Westpac Altitude Black Credit Card Bundle® (Velocity)
Apply by 31 mar 20
American Express Westpac Altitude Black Credit Card Bundle® (Velocity)
Earn up to 100,000 bonus Velocity Points when you apply for the two-card bundle issued by Westpac and Amex until 31 March 2020 (conditions apply).
Reduced Annual Fee of $399 p.a. in the first year.
Earn up to 2 Velocity points per $1 spent on eligible overseas purchases. (Amex).
Add to comparison
-
20.49% p.a.
ongoing
$399*
1st year
then $499*

Pros & cons

What's good?

What's not so good?

Earn up to 100,000 bonus Velocity 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®: 80,000 bonus Velocity Points, when you spend $4,000 on eligible purchases within 90 days of card approval.
American Express Westpac Altitude Black Card: 20,000 bonus Velocity Points, when you spend $3,000 on eligible purchases within 90 days of card approval.
Reduced Annual Fee of $399 p.a. in the first year (Amex – $99, Mastercard – $250 plus $50 Annual Velocity Rewards Fee).
Earn up to 2 Velocity points per $1 spent on eligible overseas purchases (Amex).
Enjoy two (2) complimentary Economy X seat upgrade vouchers each year to use on selected domestic flights. Available when you spend with Virgin Australia on your Mastercard.
Enjoy 2x complimentary visits per year to the American Express International Airports in Australia. Two complimentary lounge visits using the Black Mastercard at the Virgin Australia Domestic lounge (eligibility criteria applies).
For information about the points earning rate of other Rewards program options of this card, please click here: Qantas or Altitude.
*There is a $50 Velocity Rewards opt-in fee if you choose to earn Velocity Points through the Altitude Velocity rewards program.
The $499* p.a. annual fee from the second year onwards is a considerable amount ($199 p.a. on American Express + $250 p.a. on Mastercard® + $50 on Velocity Rewards opt-in fee).

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.

*Inclusive of the annual fees of both cards and $50 opt-in fee to earn Velocity points.

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.

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
Velocity Frequent Flyer
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
$399* p.a.
Annual fee 2nd year
$499* 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
100,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Velocity Frequent Flyer
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)
1.25 pts per $1 spent
Frequent flyer points (MasterCard)
0.75 pts per $1 spent
Overseas earn rate (AmEx)
2 pts per $1 spent
Overseas earn rate (MasterCard)
0.75 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)
0.5 pts per $1 spent
Points earned on ATO payments (MasterCard)
N/A
Reward points (AmEx)
(refer to Pros section)
Reward points (MasterCard)
(refer to Pros section)

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.

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