The Westpac hotpoints World Mastercard is a premium hotpoints earning credit card. It earns 3 hotpoints per dollar on eligible spend and comes with complimentary travel insurance, plus Priority Pass and World Mastercard benefits.
Digging into the details of the Westpac hotpoints World Mastercard
|Card||Westpac hotpoints World Mastercard|
|Points earned from spend||3 hotpoints for every $1 spent on eligible purchases|
|Travel benefits||Complimentary Priority Membership
Mastercard World Concierge
World Mastercard Privileged Access
Mastercard Luxury Hotels & Resorts
Unlimited one-car-class upgrades with Hertz
|Included insurances |
|- Travel insurance for up to 120 days per round trip
- Purchase protection insurance - purchase paid in full on the card could be covered for up to 90 days if lost, stolen or accidentally damaged
- Extended warranty insurance - when you purchase an item using your card, the original manufacturer's warranty on that item is extended by up to 12 months
- Home Assist Service
|Interest free days||Up to 44 days|
|Foreign currency fee||1.4% of the converted amount|
|Annual fee||$195 half-yearly. Spend $50,000 or more in a 6-month period and Westpac will waive your next 6 monthly fee|
|Overseas ATM access fee||$2 per transaction, unless you use an ATM belonging to a member of the Global ATM Alliance, in which case no fee is incurred|
|Joint/additional card fee||First card is free, others are $50 half-yearly|
Earning hotpoints from spend with the Westpac hotpoints World Mastercard
With the Westpac hotpoints World Mastercard, there is no points cap on what you can earn.
You will earn 3 hotpoints for every $1 spent on the card in NZ dollars.
This is an effective 1.5% cashback on everyday spend, based on 200 hotpoints being worth $1 when redeemed towards travel gift cards with Flight Centre, helloworld, House of Travel and YOU Travel.
Note that you can achieve slightly better cash value on other redemptions, such as credit to Westpac KiwiSaver schemes, donations, and store gift cards. With these, 180 hotpoints will be worth $1.
What are hotpoints?
Hotpoints is the name and currency of Westpac’s points programme. Once you earn 200 hotpoints, you will have $1 of credit that can be redeemed directly with Flight Centre, or on gift cards with the travel agencies listed above.
This is similar to the Air New Zealand Airpoints programme, but with the added benefit of being able to redeem towards seats on any airline.
Your hotpoints can also be redeemed towards:
- Gift cards and e-vouchers with a wide range of New Zealand and Australian businesses
- Direct ‘SpendBack’ credit on your account towards qualifying purchases made in the last 3 months, where 2,200 points will equal $10 back onto your account. Qualifying purchases include travel, groceries, fuel, dining, and annual fee card charges. Note that while these credits allow you to use your hotpoints towards travel purchases made anywhere, the number of points required per $1 is higher than if you redeemed for travel gift cards, so be sure to compare prices
- Products and experiences via the hotpoint online store
- Credit towards your Westpac KiwiSaver
- Donations to one of many charities
You will earn hotpoints on all spend, except cash withdrawals, and payments for cash equivalents (e.g. travellers’ cheques, money orders and gambling chips), and business-related expenditure.
There is no obvious exclusion for government-related spend, so you should be able to pay taxes and other government fees and continue to earn hotpoints.
Priority Pass membership
The Westpac hotpoints World Mastercard provides annual complimentary membership to Priority Pass, a global network of private and contracted airport lounges, including the Strata Lounge in Auckland, and the Christchurch and Queenstown Mania lounges.
In total there are over a 1,000 Priority Pass airport lounges located around the world all accessible prior to departing flights with current membership and valid boarding pass.
Insurances and other benefits
In the insurance bucket, you can receive:
- Up to 120 days of travel insurance cover for you and your family, per round-trip, including for:
- Cancellation of travel
- Overseas medical and associated expenses
- Unexpected travel and accommodation expenses
- Death of a relative and resumption of journey
- Luggage, personal effects and travel documents
- Travel delay
- Missed connections
- Funeral expenses
- Accidental death
- Loss of income
- Accidental death and disablement (common carrier)
- Hijack and detention
- Kidnap and ransom
- Rental vehicle collision damage and theft excess cover
- Personal liability
- Snow sports (with a payment extension)
- Purchase protection insurance
- Extended warranty insurance
For more information on the insurances above, be sure to read the PDS here. This is an important document to consider if you intend on relying on this cover to make sure they work for you.
This guide references some of the benefits of insurance policies provided with this credit card.
You should read the PDS and obtain independent professional advice before obtaining this product.
World Mastercard Privileges
Westpac hotpoints World Mastercard Card Members will have access to an assortment of exclusive offers + perks with Mastercard, including travel and dining experiences across the globe with Priceless.
Westpac offers Tap & Pay functionality through either its own app, or through a Westpac PayTag which can be purchased for $4.99. The PayTag can be attached to your keys or the back of your phone case, meaning you don’t need to carry your wallet around when making small transactions.
Summing up – Westpac hotpoints World Mastercard
The Westpac hotpoints World Mastercard is a high-end card that offers the ability to quickly earn hotpoints from everyday spend, with no earnings cap.
All things being equal, the hotpoints programme is competitive with Air New Zealand Airpoints, as the points are flexible and can be redeemed for seats on any airline via either credit for direct purchases, or using gift cards with a range of travel agents.
You can also effectively use hotpoints as a form of ‘cashback’ for spend on purchases include travel, groceries, fuel, and dining.
However, if you earn Airpoints Dollars from travel and other sources, hotpoints may be less valuable than if you focused on earning points with only one programme.
Finally, the complimentary Priority Pass membership and 120-day round-trip limit for travel insurance are quite generous card features, proportionate to the annual fee. However, as usual, be sure to read the fine print to make sure that these features are right for you.
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