Westpac Airpoints Platinum MasterCard Credit Card

Gold Award

The Westpac Airpoints Platinum MasterCard Credit Card allows you to earn 1 Airpoints Dollar for every $110 spent on your card up to (and including) $7,000 then 1 Airpoints Dollar for every $220 spent on your card each month. The card also offers a 5.95% p.a. balance transfer rate for the life of the balance transferred to this card. This card might be suitable for you if you want to earn Airpoints and the benefits of the card outweighs the high $225 annual fee charged. Other benefits of the Westpac Airpoints Platinum MasterCard Credit Card include:

Earn one Status Point for every $225 spent on the card
Koru membership joining fee waived, plus a $145 discount off a standard 12-month individual membership
200 Airpoints Dollars Advance available to you if you’re a little short on what you need for a reward
Extended Warranty Insurance of 12 months for goods purchased on your Airpoints™ Platinum MasterCard, plus 90 days Purchase Protection that could cover loss, theft or accidental damage.

An alternative to this credit card is the Amex Airpoints Platinum credit card which is the FASTEST Airpoints earning Platinum credit card in New Zealand and offers similar benefits but charges less in annual fees. We encourage you to also compare this card against other Airpoints credit cards to help you find the right Airpoints credit card for you.

Rewards Points Cash Equivalent

Up to $7,000 spend:

$100 spend earns you $0.66 cash-equivalent^.

Over $7,000 spend:

$100 spend earns you $0.33 cash-equivalent^.

^ To help you compare reward points across different credit cards and rewards programs, we provide an estimate of the cash-equivalent of the reward points that you will get back for every $100 you spend on eligible purchases with your card. The cash equivalent value given is an estimate only based on a specific redemption example. In some cases reward points cannot be redeemed for cash directly. See below to find out how the estimate was calculated.

Points Cash Equivalence Calculation

If 1 Airpoints Dollar equals $1 NZD when redeemed with Air New Zealand or through the Airpoints store and every $110 spend (for up to $7,000 spend) earns you 1 Airpoints Dollar then $100 spend earns you (100/110) = $0.90 Airpoints Dollars or $0.90 cash-equivalent. Similarly, if every $220 spend (for above $7,000 spend) earns you 1 Airpoints Dollar then $100 spend earns you (100/220) = $0.45 Airpoints Dollars or $0.45 cash-equivalent

Key Features

Purchase Rate: 20.95% p.a.
Cash Advance Rate: 22.95% p.a.
Balance Transfer: 5.95% for life of balance transferred
Annual Fee: $125 per year
Interest Free Days: 44 days
Minimum Repayment:
Card Reward Details: Earn 1 Airpoints Dollar for every $110 spent on the card
Credit Limit: Airpoints Platinum Mastercard has a minimum credit limit of $10,000
Other Fees:

IMPORTANT NOTE: please review the credit card details on the provider's website again before applying.

Westpac Airpoints Platinum MasterCard Credit Card Review

Pros and Cons

We've compiled below the pros and cons of the Westpac Airpoints Platinum MasterCard Credit Card to help you decide.

Pros

Earn 1 Airpoints Dollar™ for every $110 spent on eligible purchases up to $7,000, and thereafter earn 1 Airpoints Dollar for every $220 spent
Earn one Airpoints Status Point for every $225 you spend on eligible purchases.
200 Airpoints Dollars Advance available to you if you’re a little short on what you need for a reward
Extended Warranty Insurance of 12 months for goods purchased on your Airpoints™ Platinum MasterCard, plus 90 days Purchase Protection that could cover loss, theft or accidental damage.
Air New Zealand Koru membership joining fee is waived and you get a $145 discount off a 12-month individual membership
Airpoints Dollars earned don't expire as long as you still have you card
Extended Warranty Insurance of up to 12 months for goods purchased using your card

Cons

Travel Insurance only limited to 35 days of travel
Does not offer the best Airpoints earn rate. The Amex Airpoints Platinum Card has a much better earn rate
Has a high Annual Fee but this is offset by the benefits offered
1.95% foreign transaction fee

Is the Westpac Airpoints Platinum Credit Card Right for You?

Deciding if the Westpac Airpoints Platinum Credit Card suits your needs depends on your spending habits and lifestyle. This card offers several benefits, but it may not be the best fit for everyone. Here are some considerations to help you decide.

Frequent Travelers

If you travel often, this card could be a great match. You can earn Airpoints Dollars and Status Points on everyday purchases, which can be redeemed for flights and other travel-related expenses. Additionally, the card offers complimentary travel insurance and Koru membership discounts, making your trips more affordable and convenient.

Everyday Spenders

For those who use their credit card for daily expenses, the Westpac Airpoints Platinum Credit Card provides a good opportunity to earn rewards on regular spending. With up to 44 days of interest-free purchases, you can manage your finances more effectively while earning Airpoints Dollars.

Alternative Options

While the Westpac Airpoints Platinum Credit Card has many perks, it's essential to compare it with other credit cards to ensure it meets your needs. Consider factors like annual fees, interest rates, and additional benefits. Other cards might offer better rewards or lower costs, depending on your spending habits and financial goals. Compare all Credit Cards with Airpoints in New Zealand.

Eligibility Criteria:

To be eligible for the Westpac Airpoints Platinum Credit Card, you must meet the following requirements:

Be at least 18 years old.
Have a good credit history and not have applied for multiple credit cards recently.
Be a permanent resident or citizen of New Zealand.
Have your personal details ready to complete the online application.

Documents:

In general the following documents are usually required for credit card applications.

Proof of Income

One of the following:

your most recent payslip or salary notice
copies of bank statements that show your pay or salary deposits
a letter from your employer confirming your income
an Inland Revenue Department (IRD) “summary of earnings” notice.

If you’re self-employed, you must supply:

signed financial statements for the past two years
a signed personal Statement of Financial Position
your personal tax return.

Proof of Identity:

A copy of one or two items from List 1. If you provide only one item from List 1, you must also provide one item from List 2.

List 1:

Current passport
New Zealand drivers licence
18+ card
Photo Credit Card

List 2:

Most recent bank statement
Debit card
Credit card
Community services card
Club or society card.

How to Apply for Westpac Airpoints Platinum MasterCard Credit Card

Applying for the Westpac Airpoints Platinum Credit Card is straightforward. Follow these steps:

Click on the apply button above or below to visit Westpac's website.
Fill in the online application form with your personal and financial details.
Submit the application and wait for a confirmation email.

Approval Timeframe

Once you have submitted your application, Westpac will review it. The approval process typically takes a few business days. You will receive an email notification regarding the status of your application. If additional information is required, Westpac will contact you directly.

The Essentials of Westpac Airpoints Platinum MasterCard Credit Card

Airpoints Dollars and Status Points

With the Westpac Airpoints Platinum Mastercard, you can earn Airpoints Dollars and Status Points on your everyday spending. For every $110 spent, you earn 1 Airpoints Dollar, and for every $225 spent on eligible purchases, you earn 1 Status Point. You can redeem your Airpoints at the Airpoints store.

Complimentary Travel Insurance

When you use your card to pay for travel expenses, you are automatically covered for a range of travel-related incidents. This includes medical emergencies, trip cancellations, and lost luggage, providing peace of mind during your travels. Keep in mind it only covers 35 days of travel only.

Interest-Free Periods

The Westpac Airpoints Platinum Mastercard offers up to 44 days of interest-free periods on purchases. This means that if you pay off your balance in full each month, you can avoid paying interest on your purchases. This feature can help you manage your finances more effectively and save on interest costs.

Koru Membership Discounts

With the Westpac Airpoints Platinum Credit Card, you can enjoy discounts on Koru membership. This membership provides access to Air New Zealand's exclusive lounges, making your travel experience more comfortable and enjoyable. Your Koru joining fee is also waived.

Airpoints Dollars Advance

If you find yourself short on Airpoints Dollars for a redemption, the card offers a 200 Airpoints Dollars advance. This feature ensures you can still make the most of your rewards without having to wait.

Retail Cover

The card also includes retail cover, which protects your purchases against loss, theft, or damage. This added security gives you peace of mind when shopping, knowing that your items are covered.

Annual Fees

The Westpac Airpoints Platinum Credit Card comes with an annual fee of $125, which is split into two payments of $62.50 every six months. If you wish to add an additional cardholder, there is an extra charge of $25 per year.

Are you interested in an Airpoints Credit Card? Compare ALL Airpoints credit cards on our Airpoints Credit Cards page.

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What is the best credit card in New Zealand?

We've been asked this question a lot so we have compiled our pick of the best credit card in NZ but keep in mind that the best credit card for you depends on your personal circumstance and needs. To find the best credit card for you, we recommend that you compare all credit cards in NZ on our website or narrow down your search by popular credit card types as shown below. Use the top menu of the page to select more credit card types.