Macquarie Visa Platinum Credit Card

The basics

• Additional cardholders. You can add up to 4 additional cardholders for free. Although you can add more than 4 cardholders, each additional cardholder (above 4) will cost $10 each. The main account holder will be responsible for managing the account and repayments.
• Digital wallets. This card is compatible with Apple Pay and Google Pay. Samsung Pay is not supported.
• Gambling transactions. Macquarie Bank has blocked gambling-related purchases.

Rewards and benefits

• Complimentary travel insurance. The Macquarie Visa Platinum Credit Card provides complimentary international travel insurance for cardholders. The card must have been used to purchase travel expenses before departure to activate the cover. Eligibility criteria apply.
• Concierge services. With the Macquarie Visa Platinum Credit Card, you get access to a 24 / 7 concierge service that can assist with travel advice, making reservations and bookings, arranging gifts, assisting with price comparison, etc.
• Insurances. Cardholders get extended warranty protection, fraud protection, purchase protection insurance, international travel insurance, and transport accident insurance.
• Rewards points. Earn 1.25 Macquarie Rewards points per $1 spent on eligible purchases. You can also earn up to $20 in gift cards when you spend $3,100 per month. Transactions such as balance transfers, cash advances, and government payments do not qualify for earning rewards points. A maximum of 200,000 points can be earned in a year, after which no more rewards can be earned. Macquarie Rewards points can be redeemed for virtual gift cards or cashback.
• Sign up bonus. There is no sign up bonus on offer to new customers.

Rates and fees

• Annual fee. The ongoing annual fee for this card is $99 p.a.
• Balance transfers. There is no introductory balance transfer offer on the Macquarie Visa Platinum Credit Card at the moment.
• Cash advances. Cash advances will be charged interest at 20.7% p.a. Interest will begin accruing immediately from the cash advance date. In addition to interest, Macquarie Bank will charge a one-off fee of $5 or 3% for each cash advance, whichever is higher.
• Foreign exchange fee. This card has no international purchase fees.
• Interest-free period. There are 55 days of interest-free purchases if you have paid your previous balance in full or have made the required minimum payments.
• Purchases. There is no introductory offer on purchases. The ongoing interest rate is 20.70% p.a. and is applied to any purchases not paid off in full.