Westpac Altitude Points Value: How Much Are They Worth?

Rewards Value Calculator
Check out the list of redemption options for Westpac Altitude Rewards and calculate the cash value of Altitude points for each redemption.
Last Updated 2021-08-30 By R.Flowers III

Altitude Rewards points can be redeemed for travel, gift cards, cash back, and much more. They can also be transferred to a small handful of airline partners.

How Much Are Altitude Points Worth?

The Point Calculator values Altitude Rewards points at 1 cent each when redeemed for travel. This means that 10,000 points is equal to about $100 in travel value.

Altitude Points Value

Redemption options Redemption value (in cents)
Redeeming points through Altitude Travel 1+
Gift card redemptions 0.46
Cash back redemptions 0.33

Travel

In most instances, redeeming your Altitude Rewards Points towards travel will give you the best value. This includes redeeming them through Altitude Travel as well as transferring your points to frequent flyer programs in order to redeem for flights.

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.

Cash Back

Redeeming your Altitude Rewards Points for cash back will give your points a value of 0.33 cents each. You can redeem your points in various increments to help reduce your card's balance.

The table below lists the available increments and the cost in points for each.

Redeem Altitude Points For Cashback
Denominations Cost In Points
$50 15,000 Points
$100 30,000 Points
$500 150,000 Points
$1,000 300,000 Points

Merchandise

Altitude Rewards Points can be redeemed towards merchandise in the Altitude Store. Like many rewards programs, this options has the chance to give you the lowest redemption values.

That being said, there are usually some hidden gems that can be found when redeeming points towards merchandise as well.

If you're planning on making a purchase, checking the price of the item in the Altitude Store is not a bad thing to do as you never know what value you could get out of your points.

Generally speaking, you'd be better off purchasing the item with your card and then redeeming your points for cash back to use towards that purchase.

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.

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 Transfer Partners

Altitude Rewards Points can be transferred to a small handful of frequent flyer partners. Use the Altitude Points Transfer Calculator to calculate the conversion of Altitude Rewards Points to airline miles with Westpac's travel partners.

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Altitude Points Value Calculator

Use the Altitude Points Value Calculator to calculate the cash value of Altitude Rewards Points based on our average redemption values for the program.

Enter any amount of points to calculate the dollar value.
Points
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 Benefits Annual Fee
  • Intro Bonus: 140,000 Bonus Points
  • Earn 6 points for every $1 spent on Qantas, Jetstar, Singapore Airlines and Emirates flights bought in Australia, on up to $10,000 per month (then 1.25X).
  • Earn 2 points for every $1 spent at Spotify Premium, David Jones, Myer, THE ICONIC, Airbnb, Uber and Uber Eats.
  • Earn 1.25 points for every $1 spent on all other purchases
  • Two complimentary Priority Pass airport lounge passes each year
  • Complimentary travel and shopping insurances.
$250
  • Intro Bonus: 110,000 Bonus Points
  • Earn 3 points per $1 spent on Qantas and Jetstar flights bought in Australia, on up to $10,000 per month (then 1X).
  • Earn 2 points per $1 spent on Uber, Uber Eats, Spotify Premium, Airbnb and on Overseas Spend (including overseas purchases made from Australia).
  • Earn 1 point per $1 spent on all other purchases.
  • Complimentary travel and shopping insurances.
$150
Calculate Total Rewards & Card Value Per $1 Spent For Australia Credit Cards
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