Westpac has entered into a partnership with American Express (Amex) to roll out new rewards credit card products for eligible customers in early 2018.
The new cards will offer enhanced reward points earn rate, uncapped points, complimentary retail and travel insurance, and also other benefits offered exclusively by Amex.
The card members can access the accumulated points through the existing Westpac Altitude Rewards or Qantas Frequent Flyer account.
Westpac’s currently issued Amex cards will be closed in early April 2018 following regulatory changes to credit cards announced by the Reserve Bank of Australia.
Westpac chief executive for consumer bank George Frazis said: “The partnership will provide Westpac customers with direct access to the benefits an American Express card offers. We know how popular our American Express offer has been and our new partnership will ensure we continue to deliver innovative, market-leading products to our customers.”
American Express managing director for Australia & New Zealand Rachel Stocks added: “American Express and Westpac have a long history of close collaboration and partnership, delivering quality customer service and strong product value.
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“Our corporate visions are aligned, with service, innovation and partnership in our combined DNA. We look forward to embarking on the next phase of our journey together by continuing to offer our customers exciting new products and services.”