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Why use a balance transfer?

Consolidating your finances on to an Altitude Business credit card could save you the cost (and hassle) of maintaining several cards.

By transferring balances from non-Westpac credit cards on to an Altitude Business credit card you can potentially:

 

  • Save on credit card interest
  • Avoid paying multiple card interest rates and annual fees
  • Manage your accounts more easily with just one statement and monthly payment
  • Take advantage of 4.99% p.a. interest for 12 months on balance transfers3 when requested at card application

 

And with a Westpac Altitude Business credit card, you’ll also enjoy a range of reward point options and purchase protections. 

 

Keep in mind that if you take advantage of a credit card balance transfer offer, you won’t gain the benefit of any interest free period on credit purchases until the balance (including any balance transfer amount) is paid in full by the statement due date each month.


Frequently asked questions

Generally, when the credit card intended to receive the balance transfer is not activated, cancelled, closed or in default of the card’s Terms and Conditions (such as exceeding the credit limit or awaiting an overdue limit).

No, that’s your decision.

Yes – card activation triggers the processing of the balance transfers.

No.

No.

The variable purchase rate will apply to any balance(s) transferred but left unpaid at the end of the promotional period.


Altitude Business Platinum Mastercard®

Altitude Business Platinum rewards credit cards
  • $300 cashback to your account when you open a new Altitude Business Platinum Mastercard credit card and spend $3,000 on eligible purchases within 90 days from card approval.

  • $0 annual card fee for the first year (usually $200)1.

  • 4.99% p.a. for 12 months on balance transfers2 requested at card application.

For new cards approved by 27th November 2019. Exclusions apply.

Altitude Business Gold Mastercard®

Altitude Business Gold rewards credit cards
  • $250 cashback to your account when you open a new Altitude Business Gold Mastercard credit card and spend $3,000 on eligible purchases within 90 days from card approval.

  • $0 annual card fee for the first year (usually $150).

  • 4.99% p.a. for 12 months on balance transfers requested at card application.

For new cards approved by 27th November 2019. Exclusions apply.

 
Things you should know

1. Cashback promotion Altitude Business Platinum Mastercard: The cash back offer is available when you apply and are approved for a new Altitude Business Platinum Mastercard between 29th August 2019 and 27th November 2019 and spend $3000 on eligible purchases within 90 days of card approval. Eligible purchases do not include fees, cash, cash equivalent transactions, BPAY, BPAY equivalent transactions, refunds and balance transfers debited from the card account. The $300 cashback will be paid as a statement credit to your respective Altitude Business Platinum Mastercard account within 90 days of meeting minimum spend criteria. Only one cashback will be paid per account.  Existing Westpac customers who currently hold an Altitude Business Platinum or Altitude Business Platinum Mastercard, or who have held one in the last 12 months are not eligible for this offer. Interest free days on purchases do not apply to credit cards with balance transfers. You will be charged the applicable purchase rate on any spend that you make whilst you have an outstanding balance transfer.

2. Discounted annual card fee in first year promotion Altitude Business Gold Mastercard and Altitude Business Platinum Mastercard: The discounted first year annual card fee promotion is available when you apply and are approved for a new Altitude Business Gold Mastercard, Altitude Business Platinum Mastercard between 29th August 2019 and 27th November 2019. The first annual card fee at the special promotional rate will be debited to your card account on your first transaction and the full annual card fee will be debited annually thereafter.

3. Balance transfer promotion: The promotional balance transfer rate is available when you apply and are approved for a new Westpac Altitude Business Platinum Mastercard or Gold Mastercard credit card between 18 July 2016 and 27th November 2019 and request at application to transfer balance(s) from up to 3 non-Westpac Australian issued credit, charge or store cards. The rate will apply to balance(s) transferred (min $200 up to 80% of your approved available credit limit) for 12 months from card activation, unless the amount is paid off earlier. The variable purchase rate will apply to balance(s) transferred but left unpaid at the end of the 12 month promotional period. Westpac will not be responsible for any delays that may occur in processing payment to your other card account(s) and will not close the other card account(s). The variable purchase interest rate applies to balance transfers requested at any other time. Interest free days don’t apply to balance transfers. Switches, upgrades, customers accessing employee benefits or packaged cards are ineligible for this offer.

4. Cashback promotion Altitude Business Gold Mastercard: The cash back offer is available when you apply and are approved for a new Altitude Business Gold Mastercard between 29th August 2019 and 27th November 2019 and spend $3000 on eligible purchases within 90 days of card approval. Eligible purchases do not include fees, cash, cash equivalent transactions, BPAY, BPAY equivalent transactions, refunds and balance transfers debited from the card account. The $250 cashback will be paid as a statement credit to your respective Altitude Business Gold Mastercard account within 90 days of meeting minimum spend criteria. Only one cashback will be paid per account. Existing Westpac customers who currently hold an Altitude Business Gold or Altitude Business Gold Mastercard, or who have held one in the last 12 months are not eligible for this offer. Interest free days on purchases do not apply to credit cards with balance transfers. You will be charged the applicable purchase rate on any spend that you make whilst you have an outstanding balance transfer.

5. Discounted annual card fee in first year promotion Altitude Business Gold Mastercard and Altitude Business Platinum Mastercard: The discounted first year annual card fee promotion is available when you apply and are approved for a new Altitude Business Gold Mastercard or Altitude Business Platinum Mastercard between 29th August 2019 and 27th November 2019. The first annual card fee at the special promotional rate will be debited to your card account on your first transaction and the full annual card fee will be debited annually thereafter.

6. Balance transfer promotion: The promotional balance transfer rate is available when you apply and are approved for a new Westpac Altitude Business Platinum Mastercard or Gold credit card between 18 July 2016 and 27th November 2019 and request at application to transfer balance(s) from up to 3 non-Westpac Australian issued credit, charge or store cards. The rate will apply to balance(s) transferred (min $200 up to 80% of your approved available credit limit) for 12 months from card activation, unless the amount is paid off earlier. The variable purchase rate will apply to balance(s) transferred but left unpaid at the end of the 12 month promotional period. Westpac will not be responsible for any delays that may occur in processing payment to your other card account(s) and will not close the other card account(s). The variable purchase interest rate applies to balance transfers requested at any other time. Interest free days don’t apply to balance transfers. Switches, upgrades, customers accessing employee benefits or packaged cards are ineligible for this offer.

Annual card fee: For Altitude Business Platinum Mastercard and Altitude Business Gold Mastercard credit cards, the annual card fee covers all cards associated with the product. For BusinessChoice Rewards Platinum Mastercard and BusinessChoice Everyday Mastercard credit cards, an annual card fee is payable for each card associated with the facility.

 

Earning and redeeming Altitude reward points: You can earn and redeem Altitude rewards points as set out in the Altitude Business Rewards Terms and Conditions (PDF 2MB). You do not receive points if your card account is in arrears for 2 consecutive statement cycles and in other circumstances. Altitude reward points do not expire while you remain an Altitude card holder. You must be a member of the relevant frequent flyer program to redeem Altitude points for frequent flyer points. The terms and conditions of the relevant frequent flyer programs also apply. A joining fee may apply for these frequent flyer programs. Availability of award flights may be limited.

  

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