- No annual fee first year, $200 p.a. thereafter
- 4.99% p.a. for 12 months on balance transfers
- Earn 1 Altitude Point with any Australian merchants
- Earn 2 Altitude Points with any Overseas merchants
- Earn 0.5 Altitude Points on government payments
- No cap on points earning
- Up to 55 days interest free on purchases
- Additional cardholder at no extra cost
- Easy tax reporting with MYOB
- Personal Concierge Service
- Complimentary International and Domestic Travel Insurance (including COVID-19 coverage effective 30 June 2022, T&Cs apply)
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Westpac Credit Cards
Westpac Altitude Business Platinum credit card
Updated 18 September 2024
Save $200 with Westpac Altitude Business Platinum's $0 annual fee offer for the first year, plus 4.99% p.a. for 12 months on balance transfers with no fee. Earn uncapped rewards points for eligible purchases and tax payments. Enjoy complimentary insurance covers for purchases, business and travel.
T&Cs apply.
Points Earn Rate (per $1 spent)
1 point
AltitudeRewards Program
Altitude Rewards
Bonus Points
N/A
Pros and cons
- No lounge access
Creditcard.com.au review
Editor Review
Westpac Altitude Business Platinum credit card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Westpac Altitude Business Platinum Credit Card
Looking for a platinum business card that really packs a punch? If you’ve spent time comparing business credit card options, you’ll know that not all are created equal. As a guide, you’ll usually find platinum options tend to offer more in features and extras, but also tend to charge more in annual fees as well.
Weighing up pretty nicely on the outlay vs. return scale, the Westpac Altitude Business Platinum Credit Card provides an excellent set of features, a great rewards program, plus some very appealing introductory offers, all with an annual fee that you may indeed find reasonable.
What we love...
The card has $0 annual fee for the first year - which gives you a big saving of $200. The other introductory offer is for cardholders who have existing credit card debt that they want to pay off. With this balance transfer offer, you can benefit from a rate of 4.99% p.a. for 12 months on balance transfers requested at card application.
Now, on to those amazing features we talked about. As the name suggests, the Westpac Altitude Business Platinum Credit Card is a rewards card that earns points on the Altitude program.
In terms of the earn rate, cardholders can earn uncapped points, with 2 points per $1 spent with overseas merchants, and 1 point per $1 spent within Australia. Government payments attract 0.5 points per $1 spent.
You could choose to redeem your points for travel, flights, merchandise, and gift vouchers within the Altitude program, or alternatively, redeem them for frequent flyer points within Qantas Frequent Flyer, Virgin Australia's Velocity, Air New Zealand Airpoints, Singapore Airlines KrisFlyer or Cathay Pacific AsiaMiles.
What’s not so great...
It’s worth noting that this card has an ample annual fee and a relatively high rate of interest on cash advances and purchases. If you choose to take advantage of the balance transfer offer, keep in mind that there are other options out there offering lower rates of interest, which could allow you to save more money in the long run.
Why should you choose this card?
Want more? Don’t worry, this card has even more features to tempt you. As a cardholder, you can benefit from the services of a platinum concierge, as well as one additional cardholder at no extra cost, up to 55 days interest-free on purchases, and easy tax reporting and analysis of your business transactions.
There is also an array of complimentary insurances on offer, which include overseas travel insurance and transit accident insurance, purchase security insurance, extended warranty insurance, and unauthorised transaction insurance.
Overall Rating
A platinum rewards business card that is jam-packed with features, currently offering $0 annual fee for the first year, and 4.99% p.a. on balance transfers for 12 months.
User reviews
Rates and fees
Interest rates
Purchase rate 20.24% p.a.
Cash advance rate 20.74% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 4.99% p.a. for 12 months
Balance transfer revert rate 20.74% p.a.
Balance transfer from personal loan No
Balance transfer fee No fee
Balance transfer limit 80% of approved credit limit
Brands you can't balance transfer from Westpac
Credit limits
Minimum credit limit $20,000
Maximum credit limit $150,000
Fees & repayments
Annual fee $200 p.a.
Additional cardholder fee $0 p.a.
Foreign transaction fee 3%
Minimum repayment 2% or $10 whichever is greater (personal); 3% or $10 whichever is greater (business); $40 (Westpac Flex)
Annual fee the first year $0
Cash advance fee 3%
Late payment fee $0
Rewards and points
Rewards program
Rewards Program
Altitude Rewards
Bonus points N/A
Annual points cap uncapped
Bonus points spend criteria N/A
Earning points with this card
Altitude Rewards points 1 point per $1 spent
Points cap per month N/A
Overseas earn rate 2 points per $1 spent
Additional features
Complimentary insurance
International Travel Insurance Yes - up to 6 months
Flight Inconvenience Insurance Yes
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance Yes
Extras
Travel insurance underwritten by Allianz Australia Insurance Limited
Unauthorised transaction insurance
Overview
Westpac Altitude Business Platinum credit card
With the Westpac Altitude Business Platinum, the $200 annual fee is waived in the first year. On top of that, you can earn up to 2 Altitude points per $1 spent with the exception of government purchases which you earn 0.5 Altitude points per $1.
Disclaimer: 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.
Key features
- No annual fee first year, $200 p.a. thereafter
- 4.99% p.a. for 12 months on balance transfers
- Up to 55 days interest free on purchases
- Uncapped rewards points for eligible purchases and tax payments
- Redeem Altitude points for frequent flyer points in 6 different frequent flyer programs
- Additional cardholder at no extra cost
- Easy tax reporting with MYOB
- Personal Concierge Service
- Fraud Money Back Guarantee
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Australian permanent resident
-
Minimum income of $30,000 p.a.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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