How to Apply for your Altitude Velocity Platinum Card

The Altitude Velocity Platinum credit card from Westpac is a rewards-based card that allows users to earn Velocity Points on eligible purchases, with added benefits such as complimentary insurance and travel perks.

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This card is designed for individuals who frequently travel and want to accumulate Velocity Points efficiently.

The card offers a range of features, including the ability to earn Velocity Points with every eligible transaction, complimentary overseas travel insurance, and access to special offers with selected merchants.

Additionally, cardholders can take advantage of various travel-related benefits, such as discounted flights or upgrades through the Velocity Frequent Flyer program.

It is a well-rounded card for those looking to optimize their spending with travel rewards and added security for their trips.

Benefits of the Altitude Velocity Platinum Card

The Altitude Velocity Platinum credit card from Westpac is tailored for frequent travelers, offering a variety of travel-related benefits and rewards that enhance the cardholder’s overall experience.

Its primary focus is on providing opportunities to earn Velocity Points, access travel insurance, and enjoy other perks that are designed to meet the needs of those who prefer a seamless travel experience.

Below are listed some of the top benefits this card has to offer:

Velocity Points Earning Potential

The Altitude Velocity Platinum card allows users to earn Velocity Points on eligible purchases, helping frequent travelers accumulate points toward flights, upgrades, and more.

Cardholders earn 0.5 points per dollar spent on everyday transactions, with additional points awarded for spending with participating partners like airlines and other travel services.

These points can be redeemed through the Velocity Frequent Flyer program, providing flexibility for travel-related expenses such as flights, car hire, and accommodation.

If you spend $4k or more on qualifying purchases within 90 days of receiving your new card approval, you will receive 60,000 Velocity Points in year 1 and an additional 20,000 points in year 2.

Complimentary Overseas Travel Insurance

One of the standout features of this card is the complimentary overseas travel insurance available to cardholders. This benefit covers a range of travel-related risks, including medical emergencies, lost luggage, and trip cancellations, providing peace of mind while traveling abroad.

The coverage is automatically activated when certain conditions are met, such as purchasing travel tickets using the Altitude Velocity Platinum card, making it a convenient option for frequent international travelers.

Additional Card for Family Members

The Altitude Velocity Platinum card allows the primary cardholder to add 1 additional card for family members or friends at no extra cost.

This feature is useful for households looking to consolidate spending while maximizing their ability to earn Velocity Points.

Each family member can use their card for everyday purchases, and the points earned will be added to the primary account, allowing for faster accumulation of rewards.

Purchase Protection and Extended Warranty

This card also includes purchase protection and extended warranty benefits on eligible purchases. Purchase protection covers items against theft, loss, or damage for a specific period after the purchase, while the extended warranty offers additional coverage beyond the standard manufacturer’s warranty.

These features provide added security for cardholders who want to protect their investments in high-value items, such as electronics and appliances.

Prerequisites to Obtain the Altitude Velocity Platinum Card

To apply for the Altitude Velocity Platinum credit card from Westpac, applicants need to meet certain eligibility requirements.

These criteria ensure that applicants are suitable candidates for the credit card, and the process is designed to assess their ability to manage credit responsibly.

Below are the key prerequisites for individuals interested in applying for the card:

Age Requirement

Applicants must be at least 18 years of age to be eligible for the Altitude Velocity Platinum credit card.

This is a standard requirement for most credit card applications in Australia, ensuring that the applicant is legally able to enter into a credit agreement.

Australian Residency or Visa Status

The Altitude Velocity Platinum card is available to Australian citizens, permanent residents, and temporary residents with a valid visa. Temporary residents need to provide specific visa details and meet additional requirements set by Westpac.

Proof of residency or visa status may be requested during the application process.

Minimum Income Requirement

There is a $30.000 minimum annual income requirement to qualify for the Altitude Velocity Platinum card. Applicants need to demonstrate that they have a stable and sufficient income to manage credit repayments.

Proof of income, such as payslips or bank statements, may be required during the application.

Credit Rating

A good credit rating is essential for those applying for the Altitude Velocity Platinum card.

Applicants are typically required to have a solid credit rating, demonstrating responsible management of credit in the past.

Westpac may conduct a credit check as part of the application process to evaluate the applicant’s creditworthiness.

Employment Status

Applicants should be employed or have a stable source of income. Self-employed individuals may need to provide additional financial documentation to prove their income stability.

This requirement ensures that applicants have a reliable income to support their use of credit.

Identification and Proof of Address

As part of the application, individuals are required to provide valid identification and proof of address.

This could include a driver’s license, passport, or utility bills that confirm the applicant’s current residential address.

These documents are necessary to verify the applicant’s identity and residence in Australia.

Westpac Bank Financial Institution

Westpac is one of Australia’s largest and oldest banking institutions, having been founded in 1817 as the Bank of New South Wales. It has played a significant role in the development of Australia’s financial system, expanding its services over the years to meet the changing needs of its customers.

In 1982, the institution rebranded to Westpac Banking Corporation following a merger with the Commercial Bank of Australia.

Westpac offers a broad range of financial services, including personal and business banking, wealth management, and insurance. With over 200 years in the market, Westpac is recognized for its commitment to providing secure and reliable banking solutions.

As one of the “Big Four” banks in Australia, Westpac has a solid presence both domestically and internationally, with a focus on sustainability and innovation in the financial sector.

The bank is also known for its efforts to support communities and its customers’ financial well-being through a range of responsible lending practices and programs.

Who is this Card for?

The Altitude Velocity Platinum credit card is aimed at individuals who frequently travel, particularly those who are part of the Velocity Frequent Flyer program and wish to accumulate points on their everyday spending.

This card is suited for customers who have a stable income, enjoy travel-related benefits such as seat upgrades, and travel insurance, and prefer a card that offers a combination of rewards and security features.

It appeals to those who prioritize earning travel rewards, while also seeking added convenience and protection for both domestic and international trips.

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Step by Step to Apply for the Altitude Velocity Platinum Card

To apply for the Altitude Velocity Platinum credit card from Westpac, the process is straightforward and can be completed online. Follow these steps to request the card:

1. Visit the Official Page
   Go to the official Westpac website for the Altitude Velocity Platinum credit card: Westpac Altitude Velocity Platinum. This page provides all the details about the card and a link to the application form.
2. Check Eligibility
   Review the eligibility criteria, such as age, residency status, and minimum income requirements, to ensure you qualify before applying.
3. Complete the Online Application
   Fill out the online application form, which will require your details, income information, and identification documents. The form will guide you through the required sections step by step.
4. Submit Supporting Documents
   You may need to provide additional documentation, such as proof of income, employment details, and identification. Be prepared to upload these files during the application process.
5. Wait for Approval
   Once you have submitted your application, Westpac will review your information. If approved, you will be notified, and the card will be sent to your registered address.

Altitude Velocity Platinum Card Pros and Cons

The Altitude Velocity Platinum credit card from Westpac offers a range of travel-related benefits, but like any credit card, it also has certain drawbacks that potential cardholders should consider.

Below are the main pros and cons of the card, which may help you decide if it is the right fit for your financial and travel needs.

Pros

• Earn Velocity Points: cardholders earn 0.5 Velocity Points per $1 spent on eligible purchases, with bonus points available when spending with selected partners. These points can be redeemed for flights, upgrades, and other travel-related perks through the Velocity Frequent Flyer program.
• Bonus Velocity Points: If you spend $4k or more on qualifying purchases within 90 days of receiving your new card approval, you will receive 60,000 Velocity Points in year 1 and an additional 20,000 points in year 2.
• Complimentary Travel Insurance: the card provides complimentary overseas travel insurance, including coverage for medical emergencies, lost luggage, and trip cancellations. To activate this insurance, the cardholder must spend at least $500 on travel expenses before departing.
• Purchase Protection and Extended Warranty: the card offers purchase protection for eligible items against theft, loss, or damage for up to 90 days after purchase. It also provides an extended warranty for up to 12 months beyond the manufacturer’s standard warranty.

Cons

• Annual Fee: The Altitude Velocity Platinum card has an annual fee of $175
• High Interest Rates: the card has a high purchase interest rate of 20.99% p.a. and a cash advance rate of 21.99% p.a., making it important for cardholders to pay their balance in full each month to avoid costly interest charges.
• Foreign Transaction Fees: the card charges a 3% foreign transaction fee on purchases made in currencies other than Australian dollars. This can add extra costs for those traveling overseas and making purchases in different currencies.

How to Activate the Altitude Velocity Platinum Card

To activate the Altitude Velocity Platinum credit card upon receiving it, cardholders can choose one of several methods offered by Westpac. Here’s a simple step-by-step guide:

1. Activate via Online Banking
   Log into your Westpac Online Banking account through the official website. Navigate to the credit card section, and you will find an option to activate the new card.
2. Activate through the Westpac Mobile App
   If you prefer using your smartphone, download the Westpac mobile app (available on both Android and iOS). Log in and follow the instructions within the app to activate your card.
3. Activate via Phone
   Alternatively, you can call Westpac’s customer service at 1300 859 100 and follow the prompts to activate your card over the phone.

Once activated, the card is ready for use.

Fees and Tariffs

The Altitude Velocity Platinum credit card from Westpac comes with several fees and costs that potential cardholders should consider.

Below is a summary of the main fees and tariffs associated with the card:

Annual Fee

• $175 Annual Fee for the card.
• $75 Annual Altitude Velocity Rewards Program fee

Interest Rates

• Purchase Interest Rate: 20.99% p.a.
• Cash Advance Interest Rate: 21.99% p.a.
• Interest-Free Period: Up to 45 days on purchases if the balance is paid in full by the due date.

Foreign Transaction Fee

A 3% fee is charged on all foreign transactions made in a currency other than Australian dollars.

Late Payment Fee

If a payment is missed, a $15 late payment fee will be applied to the account.

Customer Service

To seek assistance regarding the Altitude Velocity Platinum Card, cardholders and potential applicants can use the following official channels for help or inquiries:

Official Channels for Assistance

• Official Website
  For more information on the card, fees, and application process:
  Westpac Altitude Velocity Platinum Credit Card
• Customer Service Phone Number
  Call Westpac’s customer service for credit card inquiries and assistance:
  1300 651 089 (within Australia)
  +61 2 9155 7700 (outside Australia)
• Online Chat
  Westpac offers an online chat option on their website for live support. You can access this feature by visiting their homepage or the specific credit card page (look in the bottom right corner for a red button saying “Message us”).
• Mail Address
  Westpac Group
  GPO Box 3433
  Sydney NSW 2001, Australia
• Westpac Branch Locator
  You can also visit a physical branch for in-person assistance.

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