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Westpac Reward Cards First Year Annual Fee Waived & up to 60,000 Bonus Points

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Westpac Reward Cards First Year Annual Fee Waived & up to 60,000 Bonus Points
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AssociatedLReowly on 09/03/2015 - 13:07 westpac.com.au (5806 clicks)
Last edited 18/06/2015 - 17:21 by 2 other users

Westpac just waived annual fees for the first year on all their credit cards. - for in branch applications only.
Offer expires Friday 17th April.

Altitude reward cards have bonus points on them as well and interest free periods.
Altitude rewards can be linked to either the Altitude rewards or Qantas rewards.

Altitude Classic
$100
$0 first year
·0% interest pa on purchases for 6 months
·10,000 Bonus Points
Limit $1000

Altitude Platinum
$150
$0 first year
·0% interest pa on purchases for 6 months
·30,000 Bonus Points
Limit $6000

Altitude Black
$395
$0 first year
·0% interest pa on purchases for 6 months
·60,000 Bonus Points
Limit $15000

Very exciting offer!

Financial Credit Card Qantas

Related Stores

Westpac
Westpac

closed Comments

  • syba on 09/03/2015 - 13:15
    +7

    I have the Altitude Black and am very happy with it. Get 3 points for using Amex & 1.25 points for MasterCard (you get both cards). $100 gift cards (eg Myer/DJs/Bunnings) cost 18,200 points. So with 60,000 bonus points you $300 in gift cards and have 5,400 points left. When using your Amex it equates to spending $6,067 to get a $100 gift card or a 1.65% return.

    • inherentchoice on 09/03/2015 - 15:23
      +2

      So it would still be better to use ING Orange Everyday for purchases under $100 for 2% cashback.

      • sblash on 09/03/2015 - 15:27

        The interest free period is an extra ~.33% from the money staying in your savings account.

        • syba on 09/03/2015 - 16:05
          +4

          .33% is about 4% pa. If your money is in your offset account for the month and you're loan is 4.8%, it saves you another 0.4%. Also, some places give you bonus points, like Caltex an extra 1 reward point so it works out better. ING only works with paywave. Can use your Westpac card to buy Wish gift cards for 5% off online (various companies sell them for 5% off). Then you effectively get 7% = 5% + 1.65% + 0.4%

        • inherentchoice on 09/03/2015 - 17:09
          +2

          @syba: Good points. Not so sure about the math.

          By keeping your money in a 4% p.a. savings account for a 55 day interest free period = 0.61% interest earned at the very most. Assuming the maximum 1.65% return after spending >$6k on the AMEX it is a 2.26% return if you spent the money at the beginning of each billing period. For the Mastercard it would be a 1.29% return after spending $14,560.

          Only the 5% off for wish cards will change the equation.

          Don't get me wrong, I am all for getting these cards with no fee and bonus points.

          I am just saying that for sub $100 paywave transactions keep using the ING 2% cashback.

        • plowry1977 on 10/03/2015 - 12:22

          Shame that Altitude recebtly clamped down on using an Amex to buy the Wish cards

        • Love a bargain on 10/03/2015 - 14:01

          @plowry1977:
          Not familiar with the Westpac cards. Can you elaborate on the restriction? & if it only affects the earning of Altitude points or both Altitude & QFF points?

    • iSamurai on 09/03/2015 - 19:50

      I don't think you earn points for bpay transactions (cba as well)… For me I use coles mc to bpay almost every bill. Just need to check the biller code that they accept credit cards (otherwise paying by bpay via cc would be treated as a cash advance).

  • Turd on 09/03/2015 - 13:15
    +1

    Altitude Black card is sexy

  • LoCure on 09/03/2015 - 13:20

    where does it say "First Year Annual Fee Waived"??

    • busterau on 09/03/2015 - 13:24
      +1

      Since it is in branch promotion, probably why it's not on website.

    • AssociatedReowly @ Westpac on 09/03/2015 - 15:07
      +1

      It won't on website. It's an internal offer only.
      All branch staff will know of this offer.

      • Dex on 10/03/2015 - 17:56
        +1

        South Perth branch staff did not. St George's Tce (Perth) branch staff did not.

        Is there some internal memo we should be referring them to?

        • Dex on 11/03/2015 - 12:39

          South Perth staff confirm they are now aware of the promotion

      • JohnHowardsEyebrows on 11/03/2015 - 12:52

        Definitely going to run until Apr 17?

  • Danny441 on 09/03/2015 - 13:21

    What are people's success rates at getting a second Westpac card when you already have a Westpac Card? Never tried it before..

    • Turd on 09/03/2015 - 13:27
      +1

      High. Well I had a Westpac low rate card, then got their 55 day card, no problems. But I have other investments with them.

      • pmupsinep on 09/03/2015 - 13:52
        +1

        So it's high, based on your one experience?

        • Turd on 09/03/2015 - 14:02
          +13

          yep, Sample size of 1, thus 100% success rate. lawl

        • montorola on 09/03/2015 - 16:57

          @Turd:

          Hold on…aren't you the guy with 13 credit cards? LAWLLL

        • Turd on 09/03/2015 - 18:39
          +1

          @montorola: lawl Ive got like 8 now, consolidated a few.

    • AssociatedReowly @ Westpac on 09/03/2015 - 15:12

      Should be no problem if you can service a new card. You can even have 2 black cards.

      • Turd on 09/03/2015 - 15:15

        What's the benefit? Might as well just combine to have one big limit?

        My limit on my black is 45k.

        • ProggerPete on 09/03/2015 - 16:26
          +2

          The benefit would be getting 2 x 60k points bonus instead of 1.

      • teehee on 08/04/2015 - 18:40

        what do you mean by service? As in meet the minimum income requirements added together for both cards you're applying for?

        • shiba on 08/04/2015 - 21:13
          +1

          means able to repay your credit card debt..

  • corneg on 09/03/2015 - 13:24
    +2

    Where does it say that the annual fee is waived for the first year?

    • tomclancy on 09/03/2015 - 14:40

      In the post title and also at the start of the first sentence in the description.

      If you are wondering why it is not written on Westpac's website then I suggest you finish reading the first sentence.

      • hsct on 09/03/2015 - 14:46
        +9

        Mate, everyone of us have read the line "Westpac just waived annual fees for the first year on all their credit cards. - for in branch applications only", the question is - where does WESTPAC say about in-branch applications get fee waiver ?

        we don't normally walk into a branch and tell them "we've heard ozbargain people mentioned about …."

        • redwiggle on 09/03/2015 - 15:58

          Agree with the above, but I actually just did that during lunch.
          Banker confirmed that there is a Annual Fee Waiver - you have to sit with the banker and answer a couple of questions to determine which CC you are after.

          If you are not a Westpac Customer, you need to provide 100 points of ID (Driver's Licence, Medicare Card will suffice as an example)

          And once the card is approved, you may have to provide extra information like pay slips / etc

          NOTE: I did NOT confirm whether or not you're still entitled to the bonus points if the annual fee is waived. I only saw that when I got back from lunch.
          My appointment is tomorrow as she was busy today with another customer and I couldn't wait.

        • corneg on 09/03/2015 - 17:17

          @redwiggle: Thanks, that's helpful

  • PumaPants on 09/03/2015 - 13:26

    Altitude Classic
    $100
    $0 first year
    ·0% interest pa on purchases for 6 months
    ·10,000 Bonus Points
    Limit $1000

    Limit $1000??? That's not very much

    • PumaPants on 09/03/2015 - 13:27
      +4

      Read through the details. MINIMUM $1000

  • vl3tbol on 09/03/2015 - 13:28

    does that mean you can earn 60k qantas point if you sign for black? do they check your salary? like give a company a call or paper work some sort?

    • lolcoaster on 09/03/2015 - 13:30

      Yes, they will check your salary through payslips, tax statements or a call to finance.

    • ryolo on 09/03/2015 - 13:58
      +1

      From memory, Black requires salary range of 75k/year +. Or if you know someone who works there. ;)

    • d3ft on 09/03/2015 - 16:51

      60,000 Altitude points converts to 30,000 Qantas points.

      • Love a bargain on 09/03/2015 - 17:00

        60,000 Altitude or Qantas bonus Points

        • d3ft on 09/03/2015 - 17:24

          Right, didn't see that. I'd definitely be taking the Qantas points.

  • latenight on 09/03/2015 - 13:39
    +1

    Wonder why its for in branch applications only, what a pain.

    Though probably worth the time for 60,000 free points.

    Been a good year so far 40,000 from NAB, 20,000 from coles mastercard and its only March :)

    • watwatwat on 09/03/2015 - 21:04

      I've been putting weeks and weeks worth of groceries onto my rewards from the ANZ 50k points offer. Feels so good to have them pay for my food.

  • Catsfan070911 on 09/03/2015 - 13:44

    I think i will have to lay off the Credit Card apps for a little bit, my laziness is helping me resist this one.

    • latenight on 09/03/2015 - 13:47
      +2

      It equates to about $350 for one hours work. Thats all the motivation i need.

      • Catsfan070911 on 09/03/2015 - 16:19

        Fair call, will watch this space, just wondering whether i would be approved after applying for 2 cards (approved for both) and being rejected for another (Coles Mastercard =/) recently. Also it seems i am just under the required Income Level

        • bobz79 on 10/03/2015 - 01:46

          I would say your credit history has taken a beating, so lay low for at least 3 months to recover :)

          Too many (and frequent) credit applications bring down the credit score significantly. Probably why your Coles one got rejected. Your chances are slim for this one.

        • Catsfan070911 on 11/03/2015 - 11:09

          @bobz79:
          Apparently the reason for rejection was because some of the details i provided (identifying details such as address etc) did not match up with Vedo's details. I found that very weird and didn't bother checking for further info, but i did plan to lay low for a while, hopefully another Westpac card comes along soon

  • Thrawn on 09/03/2015 - 13:55
    +4

    OP, do you know when this offer expires ?

    Have another CC application pending and would rather wait a few weeks at least before applying for another card

  • gavt on 09/03/2015 - 13:57

    Can anyone else verify this offer?

  • snuke on 09/03/2015 - 14:03

    "2:Qantas Club Lounge Invitations To be eligible for the two complimentary Qantas Club Lounge Invitations, you must first register at earthblack.com.au and then use your Earth Black card in Australia to purchase selected Qantas products and services.Selected Qantas products and services are the following items purchased directly from Qantas: Qantas passenger flights (with a QF flight number), Qantas Frequent Flyer and Qantas Club membership joining and annual fees. Excludes Jetstar, Qantas Holidays, Qantas branded non-airfare products and any Qantas products and services not purchased directly from Qantas. Each year, you will receive two complimentary lounge invitations once you have made the required spend on selected Qantas products and services."

    • Baghern on 12/03/2015 - 13:47

      This is confusing, so you now have to have 4 sets of credit cards? 2 altitude black (AMX) and 2 Earth Black (AMEX)?

    • JohnHowardsEyebrows on 12/03/2015 - 13:57

      What about Qantas gift vouchers?

    • JohnHowardsEyebrows on 12/03/2015 - 18:46

      Anybody reckon there'd be consequences if you booked a fully flexible fare, then cancelled after you receive the passes?

  • lolcoaster on 09/03/2015 - 14:06

    Anyone know what the conversion rate is from Altitude to Velocity?

  • [Deactivated] on 09/03/2015 - 14:17
    +1

    The site says "60,000 bonus Altitude Points or Qantas Points after your first eligible purchase made by 31 May 201515."

    I think 60,000 QFF points turn out to be better value?

    • Gaz1 on 09/03/2015 - 15:26

      Out of interest, where did you see it mention 31 May 2015?
      All I can see is:
      " 60,000 Altitude or Qantas bonus Points with a new Altitude Black card after you make your first purchase by 30 April 2015. Offer ends 19 April 2015."

      • [Deactivated] on 09/03/2015 - 16:09

        Might not be the same promo, because the link I have provided is for online app.

        However, I think first purchase by 31 May 2015 makes more sense, because if someone applies and gets an approval by 19/04/2015, it will take another week (at least) for the cards to be sent. Very thin in terms of time. Just a thought.

        http://info.westpac.com.au/creditcards/black/altitudeblack/a…

    • montorola on 09/03/2015 - 17:08

      after your first eligible purchase made by 31 May 201515.

      Jeez, that's quite a long while away…..not in my lifetime!! :P

      • [Deactivated] on 09/03/2015 - 17:50

        2015<P><font size=3>15</font>

  • hsct on 09/03/2015 - 14:20
    +1

    Any internal communication about this "fee-waiver" campaign ? What can we refer to, if we walk in a Westpac branch and trying to get the fee-waiver ?

    • Gotchas on 10/03/2015 - 16:31

      Ozbargain.com

  • b00tyman on 09/03/2015 - 14:28
    +1

    I just signed up via phone and got conditionally approved :)

    • lolcoaster on 09/03/2015 - 14:34

      With a waved fee?

    • CyberMurning on 09/03/2015 - 14:38

      how many minutes you were on the phone and how many questions?

      • b00tyman on 09/03/2015 - 14:51
        +1

        operator was awesome, i asked to make sure it was the right promo and whether i can apply online, she was more than happy to help.
        took all of about 6mins…non including the records terms and cond. you have to listen to.
        standard questions, background details, income, expenses etc.
        minimum income i think is 75k to be eligible

        • CyberMurning on 09/03/2015 - 14:58
          +1

          how about "any other credit cards and their balance/limit" questions?

    • Love a bargain on 09/03/2015 - 17:32
      +1

      Do you get both the fee waiver and bonus point? If so, signing up over the phone might be more convenient than going into a branch.

      • B G on 14/03/2015 - 21:10
        +1

        Yes. Just signed up by phone and got QFF pts and first yr fee free. Took about 25 min.

  • Holysmoke on 09/03/2015 - 14:30

    How does this card compare to ANZ Black?

    • sharky_k on 09/03/2015 - 14:46
      +1

      Very similar. Same points for AMEX (on Qantas points anyway). Companion card is Mastercard instead of VISA and gets less points with Westpac (0.625/$ instead of 0.75/$).

      I've got the ANZ black now, but will need to cancel soon to avoid annual fee. This looks like a goer!

      • corneg on 09/03/2015 - 17:19

        Same boat

        • anna10 on 09/03/2015 - 19:12

          Same boat too. I needed a Visa or MasterCard, so went for the BankWest 50k sign on.

  • Gaz1 on 09/03/2015 - 15:25
    +1

    It looks like you don't get the bonus points if they waive the fee.
    Down the bottom of the webpage it says:
    "More about the bonus points offer

    …… In order to be eligible customers must have been charged the standard annual fee. ……"

    Has anyone got any written confirmation about the waived fee & still getting the free bonus points?

    • AssociatedReowly @ Westpac on 09/03/2015 - 15:29
      +1

      That's if you apply online. In branch it's waived and you will get the points.

      • tychiang82 on 09/03/2015 - 16:49
        -2

        Sorry just to clarify… Definitely get the bonus points points? You looking in Westpac?

  • Gavman on 09/03/2015 - 15:40

    NAB card with 40000 free points and first yr waivered seems better for ppl with lower income

  • droodle on 09/03/2015 - 16:12

    just applied a week ago and still waiting for the cards to arrive is there a cooling off period ? so i can cancel and re-apply without the fee ??

  • qtmai on 09/03/2015 - 16:26

    Already have 60,000 from St george and time to get another 60,000 from Westpac!!!

    Saving up points for business class to Europe at end of year.

  • battler on 09/03/2015 - 16:27

    Also, Citibank Signature 'Veda' offer, fee free for life, is still available (search recent deal on OzB)

    • JetBombat on 09/03/2015 - 19:19

      Is that with 60k Qantas points?

  • JohnHowardsEyebrows on 09/03/2015 - 16:50

    Can the associated poster please provide some guidance on credit scores. Will a 'good' credit score suffice, so long as you have sufficient assets, and not over committed?
    Or will you need 'very good' or 'excellent'? I don't want to blow my chances applying for a high end card, if my chances of getting it are slim.

    • [Deactivated] on 09/03/2015 - 17:54
      +1

      He will unlikely have a clue unless if he's built the model.

      I think big 4 banks are reasonably relaxed.

  • hayne on 09/03/2015 - 16:53
    +1

    Reowly, any news on when this offer ends?

    I noticed in the comments others talked about 19 April 2015 but that seemed to be for the online application (which doesn't have the annual fee waived for the first year).

    • AssociatedReowly @ Westpac on 10/03/2015 - 00:08

      Its Friday 17th April.

  • Yapapi on 09/03/2015 - 17:20
    +1

    Just went in to a branch in Perth to enquire about getting the Black card. They advised that they aren't currently aware of any promotion to waive fees on the Black card. Anyone else had better luck?

    • coxymla on 09/03/2015 - 17:45

      Which branch?

      edit: went to 109 SGT, they have never heard of it either. Might be eastern states only.

      • kokomo1978 on 09/03/2015 - 19:23
        +1

        Maybe go back tomorrow and get them to ring the East Perth branch which has accepted this deal.
        (This may save me the job of going to 109 and not having any success as well! So thanks if you do!)

      • Yapapi on 09/03/2015 - 20:23
        +1

        Went to 218 SGT.

        I'm tempted to just apply by phone, save the potluck of going into branches to try and get this deal.

        • Dex on 10/03/2015 - 17:54

          I went to the South Perth (Mends St) branch and the guy hadn't heard of the deal either. Was happy to waive the annual fee but didn't know about the points until I showed him this thread.

          He was going to put through the application for me anyway, but his system got stuck on selecting the branch (apparently they did a system upgrade overnight).

          At no point did I see him select which sign-up bonuses to give me - does this have to form part of the application?

      • coxymla on 12/03/2015 - 13:36

        I went back to 109 SGT this morning and now they have heard of it. Took ~20 mins.

  • Maz78 on 09/03/2015 - 17:32

    Can someone clarify that the QFF points are 1:1.. Ie: Do the 60,000 bonus points offered directly translate to 60,000 Qantas Frequent Flyer point? Thanks!!

    • Love a bargain on 09/03/2015 - 17:34

      They are seperate reward programes. You either earn Altitude Points or QFF depending on the card you apply for.

      • [Deactivated] on 09/03/2015 - 17:53
        +2

        Based on point earning capacity, QFF is worth twice as much. Maybe other ozbargainer can confirm the real world value of each?

        If you choose Altitude Rewards:

        1.25 points - Altitude Black World MasterCard ® (Australian Merchants)
        3 points - Altitude Black World MasterCard ® (Overseas Merchants)
        3 points - Altitude Black American Express Card (Australian Merchants and Overseas Merchants).

        If you choose Altitude Qantas:

        0.625 points - Altitude Black World MasterCard ® (Australian Merchants)
        1.5 points - Altitude Black World MasterCard ® (Overseas Merchants)
        1.5 points - Altitude Black American Express Card (Australian Merchants and Overseas Merchants)

        • ProggerPete on 09/03/2015 - 20:10

          I'd say a qantas point is worth about 1.5 westpac points.

          The problem with Qantas points is that to use them you need to pay the evil Qantas taxes.

          e.g. Flight BNE-SYD one way

          Qantas : 8000 points plus $35

          Altitude via Velocity : 13800 points plus $20

          So you'll get more 'free' flights with qantas points, but it will cost you more to do it.

        • JohnHowardsEyebrows on 09/03/2015 - 20:19

          @ProggerPete:

          Except you won't accumulate many non-Qantas points from promotions, whereas you can easily rack up 100k+ points each year, through credit card signups like this. Which means you can buy business and first class tickets, for only two or three times the points required for economy, where it would cost 5 or 10 times the economy fares, if you paid for it normally.

        • freesteakknives on 09/03/2015 - 21:07

          Redeem for hotels and dodge the evil.

        • Dex on 10/03/2015 - 17:58
          +1

          @ProggerPete:

          I feel like it makes sense to apply for the Qantas card because 60k Qantas points is better than 60k Altitude points, and then change over to the Altitude Rewards card.

          Anyone got thoughts on this?

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