How much are Westpac Altitude Rewards points worth? The answer: 1 cent per point. Every 10,000 points you earn is equal to about $100 in travel value when redeemed through Altitude Travel.
Here's our valuations for Altitude Rewards points:
| Redemption options | Redemption value (in cents) |
|---|---|
| Redeeming points through Altitude Travel | 1+ |
| Gift card redemptions | 0.46 |
| Cash back redemptions | 0.33 |
Altitude Transfer Partners
Transferring Altitude points to partners will generally give your points the best value. Points can be transferred to Air New Zealand Airpoints, Cathay Pacific Asia Miles, Singapore KrisFlyer, and Virgin Australia Velocity.
Virgin Australia Velocity and Singapore KrisFlyer can give your points higher-than-average value, but there's sweet spots that can be found in all four airlines.
Altitude Travel
Altitude Rewards points can be used to book travel through Westpac. This includes flights, hoetls, activities, car hire and more. You can also mix and match travel to create your own travel package.
The value you receive from either of these will depend on the travel you're booking. Vacation packages booked through Altitude Travel can yield some great results as I've seen some examples across the internet that gives 1 to 3 cents or more in value.
Gift Cards
Altitude Rewards Points can be redeemed towards gift cards which will give you up to 0.46 cents in value per point. Gift cards include a range of stores including David Jones, Myer, Woolworths, and many more.
Both physical and eGift cards are available through the Altitude Rewards portal.
Cashback Redemptions
Altitude Rewards points can be redeemed for cash back starting at 14,100 points for $50 in cash back. This will give your points a value of 0.35 cents apiece.
The table below lists the available increments and the cost in points for each.
| Denominations | Cost In Points |
|---|---|
| $50 | 14,100 Points |
| $100 | 28,200 Points |
| $500 | 141,000 Points |
| $1,000 | 282,000 Points |
Merchandise
Altitude Rewards Points can be redeemed towards merchandise in the Altitude Store. The value you get out of this redemption will vary, but most items that I priced out offered between 0.3 cents and 0.35 cents per point.
That being said, there are usually some hidden gems that can be found when redeeming points towards merchandise. Checking out the prices in the Altitude Store is not a bad idea, but just remember that you can always purchase the item with your card and redeem your points for cashback at a set value of 0.35 cents per point.
Mortgage fee discount
You can redeem your Altitude Rewards Points towards a rebate on your Westpac mortgage fees. You can use your points to pay off all or part of monthly loan maintenance fees or package fees. Redemptions start at 9,600 Altitude Points and this can only be done by phone.
Annual fee rebate
If you want to apply your Altitude Rewards Points towards your annual fee, you can do so. Redemptions must be made in $25, $75, $100, $125, or $150 increments.
Donations to charity
If you're in a giving mood, you can donate your Altitude Rewards Points to charity. Charities include Cancer Council Australia, Westpac Rescue Helicopter, and Surf Life Saving Australia.
Altitude points to dollars
Use the Altitude Points Value Calculator to calculate the dollar value of Altitude Rewards Points based on our average redemption values for the program.
| Redemption options | Average value |
|---|---|
| Altitude Travel / Point Transfers | $0+ |
| Gift Cards | $0 |
| Cash Back | $0 |
How To Earn Altitude Points
Westpac offers a handful of credit cards that earns Altitude Rewards points on your purchases. You can earn points with these cards:
| Credit Card | Card Details |
|---|---|
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FAQ
What's the value of Westpac Altitude Rewards points?
Altitude points are worth 1 cent each on average towards travel which means that 10,000 points are equal to about $100 in travel value.
Can you transfer Altitude points to airlines?
Yes. Altitude points can be transferred to Air New Zealand Airpoints, Cathay Pacific Asia Miles, Singapore KrisFlyer, and Virgin Australia Velocity.
Can you redeem Altitude points for cash back?
You can redeem Altitude Rewards points for cash back starting at 14,100 poitns for $50 in cash back.
