Review: Westpac Altitude Qantas Black Mastercard credit card

Jet off sooner with 120,000 bonus Qantas Points, if you sign up before 31 December 2022 and meet spending criteria.

Overall Rating

By Staff Writers, August 8 2022
Westpac Altitude Qantas Black Mastercard credit card
Disclaimer

Executive Traveller may receive a commission when you apply for these credit cards via our links.

The information provided on this page is purely factual and general in nature. You should seek independent advice and consider your own personal circumstances before applying for any financial product.

FF Program

Qantas Frequent Flyer

Sign Up Bonus

120,000 bonus Qantas Points

Annual Fee

$250 (+$50/yr Qantas Rewards fee)

Interest Rate

19.99% p.a. on purchases
21.49% p.a. on cash

Notes
The Good
  • Every year, get two free airport lounge visits
The Bad
  • Extra $50/yr fee to earn Qantas Rewards
Added Value
  • Bonus offer of 120,000 Qantas Points for eligible new customers
Fees and interest
Points earned
Lounge access
Overall

Introduction

Does 120,000 bonus points, the ability to earn Qantas Frequent Flyer points on every purchase, free lounge access and global travel insurance sound good to you?

These are just some of the perks you can unlock with the Westpac Altitude Qantas Black Mastercard.

Linked directly with your Qantas Frequent Flyer account, so there’s no bothersome need to convert or transfer points, the Altitude Qantas Black card allows you to instantly earn 0.75 Qantas Points for every dollar up to a maximum of $250,000 per membership year.

As an added sweetener, there’s also an offer of 120,000 Qantas Points when you apply and spend $6,000 on eligible purchases in the first four months from approval.

That could be enough to book a reward flight from Sydney to Los Angeles, excluding any applicable taxes on redemptions, travelling in style in Qantas business class.

Executive Traveller puts Westpac Altitude Qantas Black Mastercard under the microscope to see how its value stacks up in 2022.

Westpac Altitude Qantas Black Mastercard Fast Facts

  • Annual fee: $250 (Existing Westpac customers can enjoy a discounted $150 card fee for the first year)
  • Qantas Rewards fee: $50/year (charged in addition to the base card fee)
  • Additional cardholder fee: $0
  • Interest rate on purchases: 19.99% p.a.
  • Interest-free days on purchases^: Up to 45
  • Interest rate on cash advances: 21.49% p.a. (0% p.a. for 24 months on Balance Transfers for new card holders)
  • International transaction fee: 3.0%
  • Minimum income to apply: $75,000 p.a.
  • Minimum credit limit: $15,000

Earn now, travel sooner

Altitude Qantas Black gives you the ability to earn Qantas Points every time you make a purchase, although this attracts an extra $50 per year fee. But when you see how many Qantas Points you can earn, it’s worth it.

To get you off to a flying start there’s 120,000 bonus Qantas Points if you apply between July 1 and December 31 2022 and spend $6,000 on eligible purchases in the first four months from approval.

That’s 90,000 points received within 12 weeks of meeting the minimum spend criteria, plus an additional 30,000 points after your first eligible purchase in year two.

If you mostly concentrate on Qantas Classic Flight Rewards, those 120,000 points could prove very handy when booking your next flight.

For example, on popular east coast routes Sydney-Melbourne or Sydney-Brisbane, those bonus Qantas Points could deliver three business class return trips at Classic Flight Reward rates.

And on a day to day basis, spending on eligible purchases with the Altitude Qantas Black Card earns you 0.75 Qantas Points per $1 (all the way to $250,000 annual cap, or 187,500 Qantas Points).

Comparing it to other Westpac Rewards credit cards, such as the Altitude Rewards Black, the number of actual frequent flyer points earned per dollar spent is more generous when choosing Qantas.

Altitude Qantas Black travel insurance

Overseas travels of six months or less may be covered by Westpac’s complimentary insurance offering – underwritten by Allianz – provided you hold a return ticket and charge at least AUD$500 of eligible travel costs to your Altitude Black card before departing Australia.

That amount could include your flights, any airport and departure taxes, pre-paid accommodation, or any ‘overseas itinerary items’ such as an arranged tour, so it may be possible to book your flights using points and simply pre pay a night or two of accommodation, to qualify for coverage.

Other insurance cover

On the home front, a generous array of other insurance covers come packaged with the card, including transit accident insurance; interstate flight inconvenience insurance; purchase security, extended warranty and ‘price guarantee’ covers; and even rental car excess cover of up to $5,500 when hiring in Australia.

Additional benefits

Airport lounge access

Westpac Altitude Qantas Black card holders are treated to two Qantas Club lounge passes per year; these are valid in all domestic Qantas Clubs and Qantas international business class lounges (with the exception of Los Angeles).

Personal concierge service

With a complimentary 24/7 concierge service, you’ll be just one call away from booking a table at your favourite restaurant, organising flight tickets or locking in accommodation for your next getaway.

Payments

All Westpac reward credit cards are compatible with Google Pay, Apple Pay and Samsung Pay, so you can install your Westpac Altitude Qantas Black credit card on your smartphone for easy tap-and-go payments.

Westpac Altitude Black credit card: the verdict

With a $250 annual fee, the Westpac Altitude Qantas Black Mastercard appeals to higher spenders and frequent travellers, and may quickly pay for itself for those poised to take full advantage of its benefits.

Included on that roster are two complimentary airport lounge visits, a $250k annual cap on frequent flyer points, and the long list of insurance covers, which may help you wind up ahead.

You can apply for the Westpac Altitude Black credit card here.

Westpac Altitude Black credit card: FAQs

How do I receive the complimentary airport lounge passes of my Westpac Altitude Qantas Black credit card?

To receive your complimentary lounge passes you must first provide Westpac with your Qantas Frequent Flyer number. Once you meet the eligible spend, you’ll receive your Qantas Club complimentary invitations via the Qantas Complimentary Invitations Portal.

What’s the missed payment charge of the Westpac Altitude Qantas Black credit card?

You’ll be charged $15 each statement cycle that the minimum monthly payment is not paid on time.


Bank disclaimers: ^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.

Disclaimer

Executive Traveller may receive a commission when you apply for these credit cards via our links.

The information provided on this page is purely factual and general in nature. You should seek independent advice and consider your own personal circumstances before applying for any financial product.


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