Altitude Rewards changes to points transfer rate

Discussion in 'Westpac Altitude Rewards' started by transpactraveller, Sep 7, 2018.

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  1. transpactraveller

    Jul 25, 2017
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    • Informative Informative x 1

  2. lovetravellingoz

    lovetravellingoz Senior Member

    Jul 13, 2006
    5,635
    1,503
    MEL
    Also no change to Velocity .
     
  3. Mattg

    Mattg Senior Member

    Aug 21, 2011
    7,460
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    It won't let me access the linked page without logging into an Altitude account. What are the new transfer rates?
     
  4. Doctore1003

    Doctore1003 Member

    Jul 27, 2015
    318
    170
    Melbourne
    I’d like to know also.
     
  5. moffat39

    moffat39 Member

    Oct 2, 2010
    263
    74
    Have logged in but says page no longer exists. Can not find the information anywhere else.
     
  6. Doctore1003

    Doctore1003 Member

    Jul 27, 2015
    318
    170
    Melbourne
    So for those who saw the landing page, the rates for KrisFlyer, Asia Miles and Enrich will be worse, but Velocity and AirNZ remains the same?
     
  7. moffat39

    moffat39 Member

    Oct 2, 2010
    263
    74
    Thats dreadful news. Will need to transfer out to KrisFlyer before the date.

    I have enough at the moment for two J returns to Europe. With no longer being able to get points for paying tax and the last devaualtion and this this new devaluation the next trip to Europe in J on SQ will probaly be my last.
     
  8. Mattg

    Mattg Senior Member

    Aug 21, 2011
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    Depending on the new rates, it may still work out OK value to transfer to Velocity and then KrisFlyer. But we need confirmation of what the changes actually are!
     
    • Agree Agree x 1
  9. Doctore1003

    Doctore1003 Member

    Jul 27, 2015
    318
    170
    Melbourne
    I’ve emailed the Westpac media team to see if they will confirm or provide details.
     
    • Agree Agree x 1
  10. lovetravellingoz

    lovetravellingoz Senior Member

    Jul 13, 2006
    5,635
    1,503
    MEL
    On the page it definitely said no change for Velocity.
     
  11. Doctore1003

    Doctore1003 Member

    Jul 27, 2015
    318
    170
    Melbourne
    Confirmed: www.altituderewards.com.au/change

    The Velocity rate remains the same only if you're on a monthly auto-redemption, otherwise its a big devaluation from 2:1 to 3:1

    Asia Miles, KrisFlyer and Enrich also go to 3:1.
     
  12. albyd

    albyd Established Member

    Apr 7, 2011
    1,654
    241
    Sydney
    Bracing for impact on Amplify Signature ... fingers crossed.
     
  13. WLGFlyer

    WLGFlyer Member

    Jul 8, 2013
    158
    20
    Am I missing something or can I set up auto redemption to VA whenever I want to transfer points and then disable again? Obviously won't be able to time the transfer but other than that don't see any limitations?
     
  14. Drakecula

    Drakecula Intern

    Nov 20, 2012
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    Thanks for the heads up - we've been hoarding points to cash in on SQ, so I'll be sure to transfer them out now.
    Do you think it's worth switching to auto redemption to velocity after I cash out? I have been considering ditching the Altitude card in favour of the Amex Edge, so maybe this could be the tipping point?
     
  15. shuuy

    shuuy Member

    Aug 29, 2013
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    Aargh. With international spend on Amex I would have been earning 2 KrisFlyer per A$1. Now it’s a bit less.

    No drama, but SQ points much more valuable to me than QF.

    The VA auto transfer seems like the highest way to go Altitude to SQ.
     
  16. gaz1

    gaz1 Intern

    Jan 24, 2005
    58
    0
    Perth, Australia
    This sounds feasible - does anyone know if this will work?
    I can't see anything in the terms & conditions or on the auto redemption webpage.
    Perhaps this is because the manual & auto rate is the same at the moment & once there is such a big difference they will impose rules on how often to can opt out of auto redemption?
     
  17. gaz1

    gaz1 Intern

    Jan 24, 2005
    58
    0
    Perth, Australia
    Two more points:
    1) I wonder if they will do the change retropectively? When they changed the earning rate some time back all points earned before the change date could still be transferred at the old rate (in fact my statement still has a section "reserved points 9/3/04" when the conversion rate was last changed!).
    2) By cashing in your points now you would miss out on the 15% bonus (for example) that is regularly offered on redemptions. Maybe the best plan is to wait for the next bonus offer & then set up auto redemption to Velocity (assuming that is you preferred partner). Even if you want Krisflyer this would probably still work out better.
     
  18. mad_atta

    mad_atta Junior Member

    Nov 25, 2015
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    SYD
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    Argh, the blows just keep coming. I currently have the Altitude Amex Black, which I really like, paired with the Altitude Mastercard Black, which I think is a very weak offering indeed for the price (even though I get it for the same fee as the Platinum - still a crap offering). Does anyone know if it's possible to cancel the Mastercard while keeping the Amex, without impacting the rewards account? Since the Amex card is offered by American Express, I know the card itself will stay valid, but to access the points I need to go via my Westpac account so what would happen to that if I cancelled the Mastercard? (I still have other Westpac products so I'd still have a login; just worried that my Altitude rewards account would evaporate which would then negate the purpose of the Amex!)
     
  19. Drakecula

    Drakecula Intern

    Nov 20, 2012
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    I don't know for certain, but I went in and moved out my points into Krisflyer (I was going to in a couple of weeks for a redemption anyway) and I had two Altitude rewards amounts - one was the Mastercard, one was the Amex. So based off that I would assume your Altitude account will remain, attached to the Amex. So you could cancel the Mastercard, but I'd move whatever points associated with that card out first. Or maybe they could roll them into the Amex before you cancel.
     
  20. mad_atta

    mad_atta Junior Member

    Nov 25, 2015
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    I've noticed those separate points balances. But do you have the option of choosing which balance you are redeeming from? Or are they treated as one when you redeem?

    I was thinking that if I did cancel the Mastercard I'd probably clear out my points first anyway, just to be safe and minimise risk of losing them.
     
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