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Card Overview
Key Attributes
Earn
Velocity Points per $1
1.2 points
on international spend
0.8 points
on everyday spend
0.5 points
on all other purchases. Once you spend $10,000 in a statement cycle, you will earn 0.25 Velocity Points per $1 on further eligible purchases
Travel Benefits
Travel Insurance
Complimentary International Travel Insurance
Virgin Lounge
2 Virgin Australia Domestic Lounge invitations per year
Points Cap
Yes
Up to $10,000 per statement cycle, then 0.25 Points per $1 on all other purchases
Annual Fee
$370 p.a.
$295 + $75 annual Velocity Rewards fee
ATO Points
No
Overseas Transaction Fee
3%
of converted amount
Interest-free Period
Up to 0 days
Purchase Rate
20.99% p.a.
Cash Advance Rate
21.99% p.a.
Why Choose This Card
The Westpac Altitude Velocity Black is a compelling pick for those committed to building Velocity Frequent Flyer Points without paying the ultra-premium fees of top-tier travel cards.
On ongoing spend, you’ll earn 1.2 Velocity Points per $1 on international purchases, 0.8 Points per $1 on everyday domestic spending, and 0.5 Points per $1 on other eligible purchases.
In addition to points, the card throws in two Complimentary Domestic Lounge Invitations per year for flights with Virgin Australia – a nice travel perk for someone who flies Virgin occasionally but doesn’t have frequent flyer status.
It also includes comprehensive travel insurance and purchase protections, meaningful benefits beyond just the points.
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.
Where could 150,000 bonus Velocity Points take you?
You could redeem them for the following:
Business Class to Singapore, done right
Fly return from Sydney to Signapore in Singapore Airlines for 148,000 Velocity Points, plus $349 AUD in taxes, fees and carrier charges.*
Gather your crew, Queenstown awaits
Fly four people return from Sydney to Queenstown in Virgin Australia Economy for 143,200 Velocity Points, plus $1,160 AUD in taxes, fees and carrier charges.*
Extra Benefits
Mobile Wallet
Apple Pay, Google Pay and Samsung Pay
The Westpac Altitude Velocity Black Credit Card has up to 150,000 bonus Velocity Points for new cardholders. The card is aimed at those who want a decent earning rate on spending. The card comes with a larger card fee, but also with added benefits.
Disclaimer: Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
The bonus is split into two parts. You will receive the first 90,000 bonus Velocity Points after spending a minimum of $6,000 on eligible purchases within the first 90 days of approval. Plus an additional 60,000 bonus Velocity Points after spending $6,000 on eligible purchases in your second year.
Points earn rates from the Westpac Altitude Velocity Black Credit Card
The Westpac Altitude Velocity Black Credit Card lets you earn Velocity Points on spend up to $10,000 per statement period.
The card has an ongoing card fee of $295 p.a. plus a $75 annual Altitude Velocity program fee.
Card Details
| Card | Westpac Altitude Velocity Black Credit Card |
| Loyalty program | Velocity Frequent Flyer |
| Points earned from spend | 1.2 Velocity Points per $1 on international spend 0.8 Velocity Points per $1 on everyday spend, and 0.5 Velocity Points per $1 on all other purchases Capped at $10,000 per statement cycle, then 0.25 Velocity Points per $1 afterwards |
| Travel benefits | 2 x Virgin Australia Domestic Lounge invitations per year |
| Included insurances | Extended Warranty & International Travel Insurance (PDS) |
| Overseas transaction fee | 3.0% of the converted amount |
| Mobile wallet | Apple Pay, Google Pay and Samsung Pay |
| Minimum income requirement | $75,000 p.a. |
| Card Fee | $295 p.a. + ($75 annual Velocity Rewards fee) |
Airport Lounge Access Benefits
The Westpac Altitude Velocity Black comes with two digital single-entry Virgin Australia lounge passes which can be used at any Virgin Australia domestic lounges.
Note: You must provide them with your Velocity Frequent Flyer number and then make the applicable spend with Virgin each year to receive the lounge passes.
It is a useful lounge access benefit for those who don’t travel in Business often.
Included insurance and other benefits
The Card comes with travel and extended warranty insurance coverage. As we say with every credit card guide, the value of each card’s insurance can only really be assessed by you looking at the PDS. Subsequently, you must then decide whether it is a fit for your needs. Read the full PDS here for the Westpac Velocity Black 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.
You’ll also gain access to Westpac Concierge which are on-call 24/7 to fulfil your requests and give some useful restaurant or ticket reservation shortcuts, amongst other potential uses.
Altitude Velocity vs Altitude Qantas vs Altitude Rewards
The Altitude Card range offers a choice of program partners. These include Velocity Frequent Flyer, Qantas Frequent Flyer, or Westpac’s own loyalty program Altitude Rewards.
Note that there is an annual $75 Rewards fee if you select Altitude Qantas or Altitude Velocity. There is no fee for Altitude Rewards.
When choosing the Altitude Velocity or Altitude Qantas over Altitude Rewards, you’ll need to consider the different earning rates of each currency. You should also consider transfer rates to partner programs. Our full guide to Altitude Rewards offers more detail about the program’s benefits.
In short, points can be transferred into Virgin Australia Velocity, Singapore Airlines KrisFlyer and Cathay Pacific Asia Miles. The transfer rate for all three programs is 3 Altitude Rewards points to 1 frequent flyer program point/mile.
The choice between Altitude Qantas Black, Altitude Velocity Black or Altitude Rewards Black is dependent on your personal points-earning preference.
You might find the sign-up bonus from the Card to be more valuable with the Altitude Qantas variant. However, the Altitude Rewards variant offers greater flexibility in terms of transfer partners.
Westpac Apple Pay, Google Pay & Samsung Pay support
Westpac 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 Velocity Black Credit Card
Westpac is one of the few financial institutions that offer all three types of variants for a card. A direct-earn Velocity, direct-earn Qantas and a flexible rewards program.
The hardest choice to make is which variant is best suited to you. Obviously, if you mostly concentrate on earning Qantas Points, Altitude Qantas is likely to be your best bet. The same goes for Velocity, Altitude Velocity would likely be your best bet. Conversely, if you are looking for flexibility in reward partners, Altitude Rewards may be more your style.
This Velocity variant has a fairly competitive earn rate (although not the best in the market) and comes with perks like lounges passes, which can be great for infrequent travellers that don’t hold Velocity status.
Overall, if you are after a Velocity earning credit card, this is definitely one to consider.
Eligibility Criteria
These are the minimum requirements to be eligible to apply for this Card. Other additional eligibility criteria, such as proof of income, will generally be required later on.
-
Be aged 18 years or over
-
Be an Australian citizen, permanent resident, or hold a long-term visa
-
Minimum income required $75,000 p.a.
-
Have a good credit history and no payment defaults
-
To be eligible for the bonus offer, you must not hold, or have held, an Altitude Platinum or Altitude Black card with Altitude Rewards, Qantas or Velocity in the last 24 months
Frequently Asked Questions
How does the Complimentary International Travel Insurance work and am I eligible for it?
You’ll automatically apply the complimentary international travel insurance if you prepay $500 of your travel costs to your eligible card and hold a return overseas ticket before departing Australia.
Can I access lounges with this card?
Yes, you can, with 2 Virgin Australia Domestic passes included with the card.
Who is eligible for the sign-up bonus?
The sign-up bonus points offer is not available if you’ve held an Altitude Platinum or Altitude Black card with Altitude, Qantas or Velocity in the previous 24 months.
What happens if I don’t meet the bonus points spend requirement?
If you don’t meet the initial spend requirement, you will forfeit the first part of the bonus points. However, you are still be eligible for the second-year bonus if you continue to use the card and meet the eligibility criteria.
Can I add additional cardholders?
Yes, you can add one additional cardholder at no extra cost. Points earned by the supplementary cards will flow to the primary cardholder’s Velocity Frequent Flyer account.
* Rewards Flights
Velocity Points and taxes, fees and carrier charges quoted for Reward Seats are accurate as at 10 March 2026 and are subject to change. Reward Seats are subject to capacity controls, availability is limited and some flights may not have any Reward Seats available. Taxes, fees and carrier charges are payable to Velocity (excluding any amounts payable to third parties at the airport) in addition to the points required. For more information, visit velocityfrequentflyer.com.