Choosing the best premium credit card in Australia often comes down to comparing the CommBank Diamond Awards Credit Card and the Westpac Altitude Black Credit Card.
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Both are excellent options for travellers and cashback enthusiasts, but each card caters to different spending habits and travel preferences.
In this article, we will compare these two cards in terms of rewards, travel benefits, cashback, limits, and additional perks to help Australians make an informed decision.
Cashback and Rewards Comparison
CommBank Diamond Awards Credit Card
- Earn Diamond Awards Points on eligible purchases, including groceries, fuel, dining, and travel.
- Bonus Points for flights, partner merchants, and selected lifestyle spending.
- Flexible Redemption: Points can be redeemed for flights, hotel stays, gift cards, or cashback applied to your statement.
- Cashback Opportunities: Select purchases may earn cashback in addition to points.
Westpac Altitude Black Credit Card
- High Points Rate on flights, travel, and premium lifestyle categories.
- Reward Points can be redeemed for flights, hotels, experiences, or converted into frequent flyer miles.
- Cashback is less straightforward, but premium travel and lifestyle rewards often outweigh direct cashback.
Verdict: CommBank Diamond Awards is better for those who want direct cashback plus flexible points, while Westpac Altitude Black is geared toward premium travel rewards and high-value points accumulation.
Travel Benefits
CommBank Diamond Awards
- Complimentary travel insurance covering medical emergencies, trip cancellations, and lost luggage.
- Airport lounge access for selected cardholders.
- Exclusive travel offers and partner discounts.
Westpac Altitude Black
- Premium travel insurance with higher coverage limits.
- Airport lounge access and priority services for selected cardholders.
- Exclusive travel offers and priority booking benefits.
Verdict: Westpac Altitude Black provides more premium travel perks, including higher insurance coverage and priority services, making it better for frequent or luxury travellers.
Credit Limits and Fees
CommBank Diamond Awards
- Flexible limits based on income and credit profile.
- Moderate annual fees reflecting premium features.
- Designed for everyday spending, travel, and points accumulation.
Westpac Altitude Black
- Higher credit limits for premium users.
- Higher annual fees, reflecting exclusive perks and rewards.
- Focused on high-value travel and lifestyle spending.
Verdict: CommBank Diamond Awards is more accessible for most Australians, while Westpac Altitude Black is aimed at premium cardholders who want high-limit cards and exclusive benefits.
Security and Additional Features
Both cards provide:
- Fraud monitoring and protection for unauthorised transactions.
- Purchase protection for eligible purchases.
- Online and mobile account management to track points, cashback, and spending.
Which Card Should You Choose?
- Choose CommBank Diamond Awards if you want:
- Flexible points redemption and cashback.
- Travel perks with moderate annual fees.
- A card suited for both everyday spending and premium travel.
- Choose Westpac Altitude Black if you want:
- Premium travel benefits like higher insurance coverage and lounge access.
- High points accumulation on flights, hotels, and lifestyle categories.
- A card for frequent or luxury travellers with high spending capacity.
Final Thoughts
Both the CommBank Diamond Awards Credit Card and Westpac Altitude Black Credit Card are top-tier options for Australians seeking cashback, rewards, and travel benefits. CommBank offers flexibility and direct rewards for everyday users, while Westpac Altitude Black targets high-value travellers looking for premium benefits and exclusive perks.
By evaluating your spending habits, travel frequency, and reward preferences, you can select the card that provides the most value and benefits for your lifestyle.
