Velocity Rewards · Credit card
Altitude Velocity Platinum
50,000points
30,000 pts in year one, the rest in year two · ≈ $400 in value · $225 after the $175 first-year fee
23rd of 66 bonus cards
Get up to 50,000 bonus Velocity Points - 30,000 bonus Velocity Points in year 1 if you spend $6k+ on eligible purchases within 90 days of new card approval and an extra 20,000 points with $6k+ spend on eligible purchases within 90 days of card anniversary in year 2.
- Annual fee
- $175
- Rewards program
- Velocity Rewards
- Purchase rate
- 23.98% p.a.
- Airport lounges
- Domestic
- Minimum income
- $30,000 a year
- Rewards program fee
- $125
- Annual fee
- $175
- Rewards program fee
- $125
- Additional cardholder
- Free
- Foreign transaction fee
- 3%
- Late payment fee
- $20
- Rewards program
- Velocity Rewards
- Base earn rate
- 0.33 Velocity Rewards pts per $
- Everyday spend
- 0.5 pts per $
- Overseas spend
- 0.75 pts per $
- Purchase rate
- 23.98% p.a.
- Cash advance rate
- 23.99% p.a.
- Interest-free days
- Up to 45
- Airport lounges
- Domestic
- Complimentary travel insurance
- Yes
- Purchase protection
- No
- Concierge
- No
- Network
- Mastercard
- Minimum income
- $30,000 a year
- Minimum credit limit
- $3,000
- Maximum credit limit
- $50,000
- Altitude Velocity Platinum
October 20264 changes
- 30Fri
- Bonus 100,000 pts → 50,000 pts−50k pts
- 14Wed
- First-year fee now the full fee—
- 10Sat
- First-year fee now $99—
- 1Thu
- Annual fee $250 → $175−$75
Annual fee $250 $175 −$75 Base earn rate 0.35 0.33 −0.02
Earn Velocity Points directly into your Velocity Frequent Flyer account and enjoy Platinum credit card benefits.
Also from Westpac: Altitude Qantas Black $905 net · Altitude Velocity Black $905 net · Low Rate Card $366 net · Low Fee Card $240 net · Altitude Black Rewards World Mastercard $235 net · Altitude Qantas Platinum $225 net · Altitude Rewards Platinum $132 net · Westpac Lite Card $108 fee
50,000 pts Velocity Rewards, worth about $400 as of 2 November 2026. After the $175 first-year fee it nets $225, 23rd of 66 bonus cards tracked by BankMate. No end date is published for the offer. From the provider's Consumer Data Right feed, refreshed nightly.