Credit Card Compare

Westpac Altitude Velocity Black

Data last updated 17 July 2026
20.99%
Purchase rate
$295
Annual fee
150,000
Bonus points

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CardIQ

42Fair

Fair

Overall score, out of 100 · How this works

  • Frequent flyer39
  • Rewards35
  • Sign-up bonus54
  • Velocity Points39

Customer reviews

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Pros & cons

What's good

  • 150,000 bonus Velocity Points to start, worth around $1,500 at our 1c-per-point valuation.
  • Earns 0.8 points per $1 on bonus categories and 1.2 points per $1 on overseas spend.
  • No fee to add an additional cardholder.

Worth noting

  • The $295 annual fee is toward the top of the market (the median is $70).
  • The 20.99% p.a. purchase rate sits in the most expensive quarter of cards (the median is 18.99% p.a.) if you carry a balance.
  • Earns 0.5 points per $1 on everyday spend, below the dataset average.
  • The 0.5-point rate on other purchases applies only to the first $10,000 spent each statement period, then drops to 0.25 points per $1.

Card details

The basics

Additional cardholder fee
$0 p.a.
Card tier
Black
Card type
Mastercard
Card use
Personal
Credit limit
$6,000 – $75,000
Credit rating
Good
Rewards program
Velocity Frequent Flyer

Eligibility

Instant approval
Yes (response in ~60 seconds)
Joint application
No
Minimum age
18 years old
Minimum income
$75,000 p.a.
Residency
Australian citizen or permanent resident
Temporary residents
Not eligible

Rates & fees

Ongoing interest rates

Cash advances
21.99% p.a.
Purchases
20.99% p.a.

Fees

Additional cardholder fee
$0
Annual fee
$295 p.a.
Cash advance fee
3.5% of the amount
Foreign transaction fee
3%
Late payment fee
$20

Repayments

Interest-free period
Up to 45 days on purchases
Minimum repayment
2% of the closing balance or $10, whichever is greater

Balance transfers

This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend
None
Bonus categories
0.8 pts per $1 in bonus categories
Other purchases
0.5 pts per $1 on other purchases, up to $10,000 per statement period
Overseas spend
1.2 pts per $1 on overseas spend
ATO/government
None
Reduced rate above monthly cap
0.25 pts per $1 above $10,000 per statement period
Points cap
Uncapped
Points expiry
Points don't expire while your account is open and in order.

Sign-up bonus

Bonus spend required
—
Sign-up bonus
150,000 points

Also available

  • Earn Velocity Frequent Flyer points

Same card, different loyalty program. You choose at signup.

Where these points could take you

Auckland
Flying Virgin Australia non-stop, using Velocity points. Economy 17,900 pts, Business 35,500 pts.
London
Flying Qatar Airways via Doha, using Velocity points. Economy 80,000 pts, Business 158,500 pts.
Los Angeles
Flying United Airlines non-stop, using Velocity points. Economy 48,000 pts, Premium Economy 73,500 pts, Business 102,000 pts.
Singapore
Flying Singapore Airlines non-stop, using Velocity points. Economy 29,000 pts, Premium Economy 57,500 pts, Business 74,000 pts.
Tokyo
Flying All Nippon Airways non-stop, using Velocity points. Economy 45,000 pts.

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Sign-up bonus$1,500Top 25% (12th of 59 cards)
Overseas fee3.00%Better than most (53rd of 200 cards)
Purchase rate20.99%Not as good as most cards (125th of 196 cards)
Interest-free days45 daysNot as good as most cards (126th of 192 cards)
Rewards value$180 a yearNot as good as most cards (67th of 95 cards)
Annual fee$295 a yearNot as good as most cards (163rd of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Sources

Credit Card Compare
Australian credit card statisticsHow CardIQ scores cards
Government
Product reference data (Consumer Data Right)
Issuer
Westpac
Program
Velocity Frequent Flyer