Westpac Altitude Qantas Black credit card

Credit card rewards calculator

Westpac Altitude Qantas Black Points Calculator

Estimate how many Qantas Frequent Flyer Points the Altitude Qantas Black Card earns and what they're worth, based on your spending, the perks you use, and the annual fee. Add or pair other cards to compare your combined rewards value.

Written By: Robert Flowers III

Last Updated: 30 July 2026

Annual fee $295 annual fee + $75 Qantas Rewards Program fee

Foreign trans. fee 3%

Issuer Westpac

Intro bonus Get up to 150,000 bonus Qantas Points

Calculate your Altitude Qantas Black Card rewards

What the Altitude Qantas Black Card calculator works out

This is an interactive calculator for the Altitude Qantas Black Card. It estimates how many Qantas Frequent Flyer Points the card earns from your own spending, what those points are worth at a valuation you set, and what the card is worth across a year once benefits and the annual fee are accounted for. The figures below are the card's published rates; enter your spending to replace them with your own numbers.

Altitude Qantas Black Card earning rates

The calculator applies these rates to the spending you enter, dropping to the lower rate automatically once a cap is reached.

Spending category	Rate	Cap
International Purchases	1.2X, then 0.25X thereafter	Once you spend $10,000 in a statement cycle, you will earn 0.25 Qantas points per $1 on further eligible purchases.
Supermarket / Grocery	0.8X, then 0.25X thereafter	Once you spend $10,000 in a statement cycle, you will earn 0.25 Qantas points per $1 on further eligible purchases.
Department Store	0.8X, then 0.25X thereafter	Once you spend $10,000 in a statement cycle, you will earn 0.25 Qantas points per $1 on further eligible purchases.
Petrol Stations	0.8X, then 0.25X thereafter	Once you spend $10,000 in a statement cycle, you will earn 0.25 Qantas points per $1 on further eligible purchases.
Restaurant/Dining	0.8X, then 0.25X thereafter	Once you spend $10,000 in a statement cycle, you will earn 0.25 Qantas points per $1 on further eligible purchases.
Utilities	0.8X, then 0.25X thereafter	Once you spend $10,000 in a statement cycle, you will earn 0.25 Qantas points per $1 on further eligible purchases.
Everything Else	0.5X, then 0.25X thereafter	Once you spend $10,000 in a statement cycle, you will earn 0.25 Qantas points per $1 on further eligible purchases.

Example: Altitude Qantas Black Card earnings on International Purchases

Putting $1,000 a month into International Purchases ($12,000 a year) with the Altitude Qantas Black Card earns about 14,400 Qantas Frequent Flyer Points a year. At a baseline of 1¢–1.30¢ per point, that's about $144–$187.20 in value, against $370 in annual fee. You can set your own value per point in the calculator. Change the spending figures to work this out for your own budget across every category at once.

How the Altitude Qantas Black Card result is calculated

Net annual value = (Qantas Frequent Flyer Points earned from your spending × your value per point) + the value you assign to the card's credits and benefits − the $370 annual fee.

Qantas Frequent Flyer Points start at a baseline of 1¢–1.30¢ each. That figure is a starting point, not a fixed rate — the calculator lets you replace it with your own.

Every input is adjustable: spending per category, the value of a single point, what each credit or benefit is worth to you, and whether to count the intro bonus. Up to 10 cards or multi-card wallets can be compared side by side, and each card can be set to earn a different rewards currency.

How This Credit Card Rewards Calculator Works

This tool uses a Net Value framework to estimate what you earn minus the costs of holding the card, based on your inputs.

The formula: Net Value = ((Rewards Earned from Spend × Value per points) + Perk Value) − (Annual Fee + Foreign Transaction Fees)
If you include intro bonuses in the calculator, they're added to annual value using the same points valuation you set.
Total customization: Baseline estimates may pre-fill for convenience, but you can override values (valuations, spend, perks, and fees) to match your strategy.
Transfer modeling: For transferable rewards, conversions are modeled using standard ratios for your region. You can adjust ratios to reflect transfer bonuses or recent changes.
Verified rates: Default earning multipliers and fees are based on current issuer/program terms, then your calculator inputs determine the final result.

Full breakdown: For data sources and deeper math, see our Full Rewards Methodology.