How to Apply for your Altitude Velocity Platinum Credit Card

The Altitude Velocity Platinum credit card from Westpac is designed for travelers who want to maximize their rewards through the Velocity Frequent Flyer program. This card allows users to accumulate Velocity Points on eligible purchases while offering additional benefits such as complimentary travel insurance.

With every eligible transaction, cardholders earn Velocity Points, which can be redeemed for flights, upgrades, shopping and more. Other advantages include international travel insurance, purchase protection, and extended warranty coverage. This card is an excellent option for individuals who frequently travel and want to optimize their spending with valuable rewards and travel-related benefits.

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Benefits of the Altitude Velocity Platinum Card

This credit card is tailored to meet the needs of frequent travelers, providing a range of features that enhance convenience, security, and flexibility. Whether you are looking to maximize rewards through everyday spending or gain peace of mind with comprehensive insurance coverage, this card is structured to cater to a seamless travel experience.

Velocity Points Earning Potential

The Altitude Velocity Platinum card allows users to earn Velocity Points on eligible purchases, helping them accumulate rewards for flights, upgrades, and more. Cardholders earn 0.5 points per dollar spent on transactions. These points can go directly into the user’s Velocity Frequent Flyer account or be used in the Velocity Reward Store to redeem certain benefits.

Bonus Points Offer: New customers can earn up to 75,000 bonus Velocity Points if they spend $4k on eligible purchases within 90 days of new card approval.

Complimentary Overseas Travel Insurance

One of the standout features of this card is its complimentary overseas travel insurance, which covers medical emergencies, lost baggage, and trip cancellations. The coverage is activated when the card is used to prepay $500 of the travel costs and the user holds a return overseas ticket before departing Australia.

Additional Card for a Family Member

The primary cardholder has the option to add 1 (one) supplementary card for a family member at no extra cost. For this, the new cardholder needs to be 16 years old or older.

Purchase Protection and Extended Warranty

The Altitude Velocity Platinum card provides purchase protection and an extended warranty on eligible items. Purchases are covered for up to four months, offering an added layer of security. Moreover, the extended warranty extends the manufacturer’s warranty by up to two additional years, ensuring cardholders maximize the value of their high-value purchases.

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Prerequisites to Obtain the Altitude Velocity Platinum Card

To apply for this credit card, applicants must meet the following eligibility criteria:

• Age Requirement: Applicants must be at least 18 years old to be eligible for the card.
• Australian Residency: The card is available to Australian citizens, permanent residents, and temporary residents with a valid visa.
• Minimum Income: A minimum annual income of $30,000 is required to qualify. Applicants must provide proof of income.
• Credit History: A good credit history is essential. Westpac will conduct a credit check to assess the applicant’s financial reliability (current debts and expenses).
• Identification: Applicants will need to present two valid identifications. They could be a passport, Australian drivers’ license, medicare card or Australian birth certificate.

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Westpac Bank Overview

Westpac is one of Australia’s largest financial institutions, founded in 1817. As one of the “Big Four” banks, it provides a comprehensive range of services, including personal and business banking, and insurance. The bank is known for its innovative financial solutions and strong commitment to sustainability, customer support, and digital banking advancements.

With a strong presence in Australia, Westpac continues to expand its services by integrating modern financial technologies, enhancing customer experience, and promoting responsible banking practices.

Who is this Card for?

The Altitude Velocity Platinum credit card is best suited for frequent travelers, particularly those enrolled in the Velocity Frequent Flyer program. It is ideal for individuals with a stable income who want to earn points for flights, upgrades and more.

Additionally, this card caters to individuals who prefer a streamlined travel experience with added security features such as purchase protection and extended warranty benefits.

Step by Step to Apply for the Altitude Velocity Platinum Card

1. Visit the Official Page: Go to the Westpac website to access the application form and review the latest details about the card.
2. Check Eligibility: Ensure you meet the required criteria before applying.
3. Complete the Online Application: Provide personal details, financial information, and identification and supporting documents.
4. Wait for Approval: Once submitted, Westpac will review the application and notify the applicant upon approval.

Positives and Negatives of the Altitude Velocity Platinum Card

Before deciding on any financial product, it is essential to weigh the pros and cons carefully. While the Altitude Velocity Platinum card offers benefits, it also comes with costs and limitations that may not suit everyone. Taking the time to assess whether the advantages outweigh the drawbacks based on your personal spending habits and financial situation can help you make an informed decision.

Positives

• Earn Velocity Points: 0.5 Velocity Points per $1 spent on eligible purchases.
• Complimentary Travel Insurance: Covers medical expenses, lost luggage, and trip cancellations.
• Purchase Protection & Extended Warranty: Protects eligible purchases against damage and extends warranty periods.

Negatives

• Annual Fee: The card carries an annual fee of $175, plus $75 for the Annual Altitude Velocity Rewards Program fee.
• High Interest Rates: 20.99% p.a. on purchases and 21.99% p.a. on cash advances.
• Foreign Transaction Fees: 3% fee on international purchases.

How to Activate the Altitude Velocity Platinum Card

• Via the Westpac App: Search “Activate card,” enter the card number, tap Activate, and optionally change your PIN.
• Via Online Banking: Navigate to Service > Services > Card Services, enter the card number and expiry date, then select Activate.

Fees and Tariffs

• Annual Fee: $175 for the card and $75 for the Velocity program
• Purchase Interest Rate: 20.99% p.a.
• Cash Advance Interest Rate: 21.99% p.a.
• Foreign Transaction Fee: 3% on international transactions.
• Late Payment Fee: $15 for missed payments.
• Cash Advance Fee: 3% of the value of the transaction.

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Customer Service

Customer support is available Monday to Friday, 8 AM – 8 PM AEST. Personal customers can call 132 032 for general enquiries or 132 558 for home loans, while business customers can reach 132 142 or 1300 655 505 for online banking.

Corporate Online customers can contact 1300 134 291. Overseas callers can dial +61 2 9155 7700 (personal/business) or +61 2 9155 7737 (corporate). For quick assistance, sign into Westpac Online Banking or the app to chat with Red, the virtual assistant, available 24/7.