The Westpac Hotpoints Platinum MasterCard Credit Card is a reward credit card that allows you to earn 1.5 Hotpoints for every $1 spent on your card up to (and including) $7,000 then 1 Hotpoint for every $1 spent on your card each month. Other benefits of the Westpac Hotpoints Platinum MasterCard Credit Card include free overseas travel insurance, purchase protection, extended warranty and a balance transfer of 5.95% p.a. for the life of the balance transferred. The Westpac Hotpoints Platinum MasterCard charges an annual fee of $70 and a purchase rate of 20.95% p.a.
This card might be suitable for you if the benefits offered outweigh the annual cost of having the card. Frequent travellers who can take advantage of the complimentary travel insurance might benefit from this card. We encourage you to compare all the credit cards with rewards on our website before you decide.
$100 spend earns you $0.83 cash-equivalent^.
Over $7,000 spend:$100 spend earns you $0.55 cash-equivalent^.
If $1 spend (up to $7,000) earns you 1.5 Hotpoints then $100 spend earns you 150 Hotpoints. If $1 spend (above $7,000) earns you 1 Hotpoints then $100 spend earns you 100 Hotpoints. We know that 18,000 Hotpoints gets you a $100 Bunnings Gift card. Which means 150 Hotpoints equal (100x150/18,000) = $0.83 cash-equivalent and 100 Hotpoints equals (100x100/18,000) = $0.55 cash-equivalent.
IMPORTANT NOTE: please review the credit card details on the provider's website again before applying.
The Westpac Hotpoints Platinum Mastercard offers a rewarding points system that allows you to earn points on every dollar you spend. These points can be redeemed for a variety of rewards, including travel, merchandise, and gift cards. This makes it an excellent choice for those who want to get more value out of their everyday spending.
Cardholders can enjoy complimentary travel insurance, which might be of value to overseas travellers. Additionally, you can access exclusive travel deals and discounts, making your holidays more affordable and enjoyable.
The Westpac Hotpoints Platinum Mastercard also offers purchase protection, which provides coverage for lost, stolen, or damaged items bought with the card. This added layer of security ensures that your purchases are protected, giving you peace of mind when shopping.
One of drawbacks of the Westpac Hotpoints Platinum Mastercard is its annual fee of $70.
The complimenatary travel insurance only covers 35 days for a round trip.
When considering the Westpac Hotpoints Platinum Mastercard, your spending habits play a crucial role. If you frequently use your credit card for everyday purchases, the reward points system can be highly beneficial. However, if your spending is minimal, you might not accumulate enough points to make the annual fee worthwhile.
This card offers several travel perks, making it ideal for frequent travellers. Benefits such as travel insurance and access to exclusive airport lounges can enhance your travel experience. If you rarely travel, these perks may not provide significant value.
Your financial goals should also influence your decision. If you aim to maximise rewards and enjoy premium benefits, this card could be a good fit. On the other hand, if you are focused on minimising costs and avoiding annual fees, you might want to consider other options.
In general, we recommend comparing all credit cards on our website to help you make an informed decision.
To get the most out of your Westpac Hotpoints Platinum Mastercard, focus on using it for everyday purchases. This includes groceries, fuel, and dining out. By doing so, you can accumulate reward points faster. Additionally, consider setting up automatic payments for recurring bills like utilities and subscriptions. This ensures you never miss an opportunity to earn points.
Redeeming your reward points wisely is crucial. You can use your points for a variety of options, such as travel, gift cards, or even cashback. To maximise value, keep an eye out for special promotions or discounts that offer more bang for your buck. It's also a good idea to regularly check your points balance and expiry dates to avoid losing any hard-earned points.
The Westpac Hotpoints Platinum Mastercard comes with several travel benefits. Make sure to take advantage of complimentary travel insurance when booking trips. This can save you money and provide peace of mind.
You earn reward points for every dollar you spend on eligible purchases. The more you spend, the more points you accumulate.
1 Hotpoint = 0.55 of a cent when redeemed for Gift Cards.
The value of Westpac Hotpoints varies based on how and where you redeem your points. We have provided one example below to give you an indication of the value but for a more precise figure, you should check the specific redemption options available through the Westpac site.
18,00 Hotpoints = $100 Bunnings Gift Card
This means 1 Hotpoint = 0.55 of a cent in Gift Cards.
Westpac Hotpoints can be redeemed in several ways, including as gift cards, products, charity donations, KiwiSaver contributions or by using Hotpoints Pay which allows you to use your Hotpoints wherever MasterCard is accepted (essentially turning your Hotpoins into cash). You can find out how to redeem your Hotpoins on this site.
Yes, this card offers travel perks such as Priority Pass lounge access to over 1,500 airport lounges worldwide and overseas travel insurance for up to 120 days per trip.
Yes, the card offers various travel benefits, including travel insurance and access to exclusive travel deals.
Yes, you can use your card internationally wherever Mastercard is accepted. However, foreign transaction fees may apply.
If your card is lost or stolen, you should contact Westpac immediately to report it and request a replacement.
Your eligibility for this card would depend on a few criteria listed below. When you apply for a Westpac credit card, Westpac would ask you a few questions about the following criterias to determine your eligibility.
You have to be a New Zealand permanent resident, and have a good credit history to apply for a Westpac Credit Card.
In general the following documents are usually required for credit card applications.
If you’re self-employed, you must supply:
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:Are you interested in a balance transfer? Compare ALL balance transfer credit cards on our balance transfer NZ page.
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.
