American Express Westpac Altitude Platinum Credit Card Bundle® (Altitude) | Review & Apply

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

Card features
balance transfer
purchase rate
annual fee
American Express Westpac Altitude Platinum Credit Card Bundle® (Altitude)
Apply by 31 mar 20
American Express Westpac Altitude Platinum Credit Card Bundle® (Altitude)
Earn up to 110,000 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 $150 p.a. in the first year.
Earn up to 3 Altitude points per $1 spent on eligible overseas purchases. (Amex)
Add to comparison
20.49% p.a.
1st year
then $199

Pros & cons

What's good?

What's not so good?

Earn up to 110,000 bonus Altitude Points when you apply for the two-card bundle issued by Westpac and Amex until 31 March 2019. (Conditions apply)
Westpac Altitude Platinum Mastercard® Card: 80,000 bonus Altitude Points when you spend $3,000 on eligible purchases within 90 days of card approval. (Exclusions apply. Qantas rewards fee applies)
American Express Westpac Altitude Platinum Card: 30,000 bonus Altitude Points when you spend $3,000 on eligible purchases within 90 days of card approval. (Exclusions apply)
Reduced Annual Fee of $150 p.a. in the first year (Amex – $0, Mastercard – $150).
Earn up to 3 Altitude point per $1 spent on eligible overseas purchases. (Amex)
Redeem your Altitude points for popular rewards, including Westfield gift cards and bookings through Altitude Travel.
Convert your Altitude Reward points into five frequent flyer programs including Asia Miles, Air New Zealand Airpoints, Malaysia Airlines, Singapore Airlines Krisflyer and Velocity Frequent Flyer.
Complimentary Platinum Concierge service.
Tap & go™ quickly and easily using your Mastercard® for a faster transaction.
For information about Frequent Flyer points earning rate of this card, please click here: Qantas or Velocity.
The $199 p.a. annual fee from the second year onwards is a considerable amount ($49 p.a. on American Express + $150 p.a. on 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

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 Platinum Credit Card Bundle® (Altitude)Reviewed by Yvonne Taylor

You can have two cards with just one application – Mastercard’s almost universal acceptance and Amex’s high rewards points – with the American Express Westpac Altitude Platinum Card Bundle (Altitude). It’s not a reprise of the old Amex/Visa companion cards, but rather two completely separate card accounts provided via a single application, each with its own distinct bonus points, ongoing points earning rates and complimentary insurance cover.

The bundle comes in three versions, two for earning Qantas or Velocity points and this one attached to Westpac’s own Altitude Rewards program. So if you want this Altitude version, rather than one with frequent flyer points, you’ll need to specify that you want to earn Altitude points at the time you make your application.

Heaps of bonus points with lots of flexibility

Westpac has cleverly split the target for earning bonus points in two, giving new cardholders extra options about which set of points to aim for:

  • 80,000 bonus Altitude points for spending $3,000 in the first 90 days, using the Mastercard
  • 30,000 bonus Altitude points for spending $3,000 in the first 90 days, using the Amex card

If you can spend $6,000 in three months, appropriately distributed between the two cards, that’s great, because you’ll earn 110,000 bonus points. But spending $6,000 in such a short time is not only a sizeable target to aim for, it also requires careful allocation of spending between the two cards.

You might be able to take this opportunity to make an already-planned major purchase on the Mastercard, locking in the 80,000 points, and meanwhile try to use the Amex card as frequently as possible for your everyday expenses, in the hope that you’ll reach the $3,000 target before the 90 days come to an end.

If you don’t have any major purchases planned, put away your Amex card until you’ve reached the $3,000 target on Mastercard (to earn 80,000 points), and then reverse your tactics by trying to use Amex exclusively, for the benefit of the higher points earning rate and the possibility of getting those final 30,000 points.

Lots of ongoing points, especially through the Amex card

As usual, the points earning rate on the Amex card is higher than the rate on the Mastercard.

  • Amex card: 3.0 points per dollar for purchases in foreign currency
  • Amex card: 2.0 points per dollar for eligible purchases in Australian dollars, except
  • Amex card: 1.0 points per dollar for spending with government bodies (e.g. ATO, Australia Post)
  • Mastercard: 3.0 points per dollar for the first $10,000 per calendar month spent on flights purchased in Australia directly with Qantas, Jetstar, and Virgin Australia, then 1 point per dollar spent thereafter
  • Mastercard: 2.0 points per dollar spent on overseas purchases, or with Spotify Premium, Airbnb, Uber and Uber Eats
  • Mastercard: 1.0 points per dollar for all other eligible purchases

The Amex earn rate is particularly satisfying, but the Mastercard also offers lots of potential for earning 3.0 or 2.0 points per dollar.

Neither card has any absolute cap on points earning, so every dollar spent on eligible purchases will earn points.

Suggestions for spending Altitude points

If you do succeed in spending $3,000 on each card in the first three months, you’ll have lots of Altitude points at your disposal: 110,000 bonus points + 6,000 points from standard Amex card spending + at least 3,000 points from Mastercard spending, a total of 119,000 points. (The points earned could vary slightly if some purchases were in foreign currency or were spent with the specified bonus partners or with government bodies.)

Here are some suggestions for what you could do with those 119,000 Altitude points:

  • Convert Altitude points to frequent flyer points with Virgin Australia, Air New Zealand, Singapore Airlines, Cathay Pacific and Malaysia Airlines. 119,000 Altitude points = 59,500 Velocity points, almost enough for four return Economy flights between Melbourne and Sydney (62,400 points), and more than enough for one return Economy flight from Melbourne or Sydney to Singapore (55,600 points).
  • Get a cashback on your card account. 119,000 points is worth about $420 in cashback.
  • Swap points for retail eGift cards. Get $550 worth of cards for 116,000 points.
  • Pay with Points for any purchase appearing on your credit card account in the previous 90 days.
  • Redeem points for movie tickets or other entertainment. You would have more than enough points for 12 Gold Class movie tickets (115,500 points).
  • Choose gift vouchers from Flight Centre, Webjet, Europcar DriveAway Holidays and hotel chains. Redemption rates vary, but you’d get more than $500 for 119,000 points.
  • Choose from a range of merchandise in an online catalogue. E.g. a Bose Solo 5 TV Sound System for 111,725 points.

Separate but mirrored suite of complimentary insurance policies

Because there are two separate card accounts there are two separate suites of insurance policies, but the cover provided is identical for both cards. In the event of a claim, you would need to make sure that you had paid for the entire item with either one card or the other. In practice this is unlikely to be a problem, except in the case of the overseas travel insurance, where cover is activated by paying at least $500 of prepaid trip expenses for each person travelling, using your credit card. Avoid complications by making sure that the $500 target for each person is reached on at least one card, rather than spreading costs between the two.

The complimentary policies provided are:

  • Overseas travel insurance
  • Transit accident (overseas) insurance
  • Purchase security insurance
  • Extended warranty insurance

And even more benefits

Sign up for Amex Offers and you’ll be contacted about cashback and discounts for purchases from national and local retailers and entertainment outlets. Offers are updated regularly.

American Express Invites gives you access to hot tickets with reserved seating before they go on sale to the general public.

Westpac Extras brings you shopping cashback offers without messing around with codes and coupons.

The Platinum Concierge service could help you breeze through planning for your next holiday, restaurant visit or major event.

Typical credit card interest rates

Anyone seeking low interest rates will need to look elsewhere. The purchases interest rates (20.49% p.a. on the Mastercard and 20.24% p.a. on Amex) and cash advance interest rate (21.49% p.a., only available on the Mastercard) are among the highest you’ll find.

It’s not worth paying the annual fee for a rewards card if you are going to incur more in interest charges than the points are worth. The best way to use a rewards card is to avoid interest charges by always paying off your balance on time and steering clear of cash advances.

Not as many interest-free days as some other cards

It may not appear significant, but these cards grant fewer interest-free days than some of their competitors – up to 45 days in each statement cycle rather than the more generous 55 days. This is just one more factor to bear in mind when comparing cards.

With this card bundle, you’ll end up parting with your repayment cash 120 days earlier each year, when compared with a 55-day card. If your average monthly closing balance is $3,000 and you withdraw the repayment cash from a 3% mortgage offset account, your mortgage interest savings will be around $30 per year lower than they would be if you had a 55-day card.

Two-part annual fee, discounted in the first year

Since there are two separate card accounts, there are two annual fees to pay: $150 for the Mastercard and $49 for the Amex card (which you can’t have unless you also have the Mastercard). That’s an annual total of $199, less than the $249 you would have to pay if you opted to earn Qantas or Velocity points.

However, Westpac are so convinced that you’ll love this card bundle, they’ll let you try it out at a discounted rate for the first year, still paying $150 for the Mastercard but $0 for the Amex card.

There are plenty of competing rewards programs to choose from

Westpac Altitude Rewards is not the only non-frequent flyer rewards program attached to a credit card. Almost every card issuer in Australia has some kind of credit card rewards program, including ANZ Rewards, NAB Rewards, CommBank Awards, American Express Membership Rewards, Woolworths Rewards, flybuys, and many more. You can view them all on our ‘All rewards’ features page, to find the one that suits you best.

Lots of flexibility for those who don’t want to be locked in

This attractive card bundle delivers flexibility in several ways:

  • You’re not committed to using either a Mastercard or an Amex card because you have both and you can choose to use the one that earns most points for the lowest cost in any given situation.
  • You’re not locked in to one airline’s frequent flyer program, because you can switch your Altitude points into five different programs.
  • There are lots of other ways to spend points, including the almost limitless options of the Pay with Points scheme.
  • When it comes to earning those bonus points, you can choose to aim for the most rewarding target first (spending $3,000 with Mastercard) and then top up the points by using the Amex card if it looks likely that you’ll spend a further $3,000.

It could be the ideal bundle for cardholders who want to enjoy the convenience of choice while earning lots of points.

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
Card type
Mastercard® & Amex
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Altitude Rewards
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


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

Rates & fees

Ongoing interest rates

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


Annual fee
$150 p.a.
Annual fee 2nd year
$199 p.a.
Cash advance fee
whichever is greater, $2.50 or 2%
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

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
110,000 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 $3,000 (MC) in 90 days

Earning points with this card

Frequent flyer points (AmEx)
(refer to "Pro" section)
Frequent flyer points (MC / Visa)
(refer to "Pro" section)
Overseas earn rate (AmEx)
3 pts per $1 spent
Overseas earn rate (MC / Visa)
2 pts per $1 spent
Points cap per month (AmEx)
Points cap per month (MC / Visa)
Points cap per year (AmEx)
Points cap per year (MC / Visa)
Points earned on ATO payments (AmEx)
1 pts per $1 spent
Points earned on ATO payments (MC / Visa)
Reward points (AmEx)
2 pts per $1 spent
Reward points (MC / Visa)
1 pt per $1 spent

Additional benefits

Airport lounge access
Complimentary flight voucher
Concierge service

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 $30,000 per year
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
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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