Nate-Dawg
Junior Member
- Joined
- Nov 28, 2022
- Posts
- 31
Westpac are making some changes to their points earn rates and fees from 30th September. This is in addition to the reduction in insurance benefits that were already announced.
Fees are going up, including introducing a separate reward fee on the regular Altitude cards.
Interest rates and minimum payment amounts are up.
For both Qantas and Velocity Black cards, international spend is actually being improved from 1.2ppd to 1.5ppd, everyday spend (which no longer includes dining) is still 0.8ppd, and everything else drops from 0.5ppd to 0.4ppd. Still a $10k per month limit before a 0.25ppd earn rate across everything kicks in.
Both Qantas and Velocity Platinum cards are largely unchanged, with just the everything else spend dropping from 0.35ppd to 0.33ppd.
Altitude Rewards points are experiencing a roughly 33% devaluation, going from 3:1 to 4:1 for VFF, KF and Asia Miles. Earn rates are unchanged, and no mention of an uplift in the current points balances to preserve the current value.
Fees are going up, including introducing a separate reward fee on the regular Altitude cards.
Interest rates and minimum payment amounts are up.
For both Qantas and Velocity Black cards, international spend is actually being improved from 1.2ppd to 1.5ppd, everyday spend (which no longer includes dining) is still 0.8ppd, and everything else drops from 0.5ppd to 0.4ppd. Still a $10k per month limit before a 0.25ppd earn rate across everything kicks in.
Both Qantas and Velocity Platinum cards are largely unchanged, with just the everything else spend dropping from 0.35ppd to 0.33ppd.
Altitude Rewards points are experiencing a roughly 33% devaluation, going from 3:1 to 4:1 for VFF, KF and Asia Miles. Earn rates are unchanged, and no mention of an uplift in the current points balances to preserve the current value.
