Consider the Westpac Altitude Business card range if you’re looking for a business credit card. Why? The Altitude Business Card range has a relatively unique benefit. The opportunity to earn points into Altitude Rewards and transfer them to various frequent flyer programs, including Qantas Frequent Flyer.
On top of that, there are competitive earning rates for every dollar spent on the card. Also, a current no-annual fee offer in the first year – but no bonus points.
The $1450 p.a. American Express Platinum Business Card and some older (now not available) Citibank and Commonwealth cards are other cards on the market that let you accrue points to transfer to Qantas later.
Altitude Business Rewards overview
The key benefit is the ability to earn Altitude Rewards points which can be transferred to
- Qantas Frequent Flyer
- Velocity Frequent Flyer
- Singapore Airlines KrisFlyer
- Cathay Asia Miles
- Air New Zealand Airpoints
Earning flexible points such as Altitude Points is really valuable, allowing you to mix and match frequent flyer programs for the best redemption for your needs.
The Altitude Business Credit Card range
Altitude Business credit cards are available to any ABN/ACN holder who meets the approval criteria. The cards need to be used for Business or Investment purposes.
Altitude Business Platinum
Card Details
| Card | Altitude Business Platinum Mastercard |
| Loyalty program | Altitude Rewards |
| Points earned from spend | 1 Altitude Points per $ on domestic spend 2 points per $ on overseas transactions 0.5 points per $ on Government transactions |
| Points cap | No |
| Earns points at ATO | Yes - as a Government transaction |
| Included insurances | Travel insurance, purchase insurances and some business related insurances (PDS) |
| Overseas transaction fee | 3.0% of the converted amount |
| Mobile wallet | Apple Pay, Google Pay, Samsung Pay |
| Annual fee | $200 |
Effective Frequent Flyer Program Point Earn Rates
| Frequent Flyer Program | Domestic Spend | Overseas Spend |
|---|---|---|
| Qantas Points | 0.5 point / $ | 1 point / $ |
| Velocity Points | 0.33 point / $ | 0.66 point / $ |
| Singapore Airlines KrisFlyer miles | 0.33 Mile / $ | 0.66 Mile / $ |
| Cathay Pacific Asia Miles | 0.33 Mile / $ | 0.66 Mile / $ |
The Altitude Business Platinum card is the highest points earner in the Altitude Business range, with:
- 1 Altitude Point per dollar for domestic transactions
- 2 Altitude Points per dollar for overseas transactions
- 0.5 Altitude Points per dollar on Government transactions
The effective earn rate over to Altitude Rewards airline partners is as follows:
Velocity, KrisFlyer and Asia Miles
- 0.33 points per dollar for domestic transactions
- 0.66 points per dollar for overseas transactions
- 0.16 points per dollar on Government transactions
There’s a $200 standard annual fee, and uncapped rewards points with this card, meaning it’s ideal for bigger spenders.
You’ll also get access to Westpac’s Personal Concierge Service, travel insurance, purchase insurances and some business-related insurances, such as business inconvenience insurance which covers you for business premise break-ins and some recruitment expense cover. You’ll need to assess these for your needs to rely on them. Read the full PDS here.
This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.
Westpac Altitude Business Apple Pay, Google Pay & Samsung Pay support
Westpac Altitude Business cards support Apple Pay, Google Pay & Samsung Pay, meaning you can use this card on your smartphone for easier payments. Find out more in our guides for each of the compatible services.
Summing up
The Westpac Altitude Business Platinum Credit Card allows businesses to earn points on their everyday business expenses. Cardholders also benefit from the flexible program nature of the Altitude Rewards program. Altitude Points can be transferred to one of five frequent flyer programs, including Qantas Frequent Flyer, which is unique in the market.
The card also allows points to be earned on government spending, albeit at a lower earning rate.
Since the AMEX-branded Platinum cc changed to the variable point scheme, I find that I’m earning a whole lot less these days so looking for something new and shiny for the wallet!!
While a corporate card is probably not an option for most, those who already have one on hand could find value in this. It’s not a great earn rate, but it’s also only $89/year!