Macquarie Visa Platinum Credit Card
4.1
Highlights
- Earn up to $20 in gift cards when you spend $3,100 monthly. Terms and Conditions apply.
- Earn 1.25 Macquarie Reward points per $1 spent.
- Benefit from up to 4 free additional cardholders, with the option to add more at an additional cost.
Pros and cons
Pros
Cons
About this credit card
Basics
Card usage
Apple Pay Enabled
Yes
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
No
Eligibility
Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Good, Very Good, Excellent
Minimum Income
$50,000.00
Temporary Residents Accepted
No
Additional cardholders
Additional Cardholders
4
Additional Card Fee Ongoing
$0.00
Credit limits
Minimum Credit Limit
$6,000.00
Maximum Credit Limit
N/A
Repayments
Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2%
Balance transfers
Balance transfer offer
Balance Transfer Rate
N/A
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A
Balance transfer conditions
Balance Transfer From Personal Loan
N/A
Balance Transfer Limit Percentage
N/A
Balance Transfer Revert Rate
N/A
Rates, fees, charges
Cash advances
Cash Advance Rate
20.7% p.a.
Cash Advance Fee
$5.00
Cash Advance Fee Percentage
3%
Cash Advance Fee Threshold
N/A
Purchases
Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
20.7% p.a.
Account fees
Annual Fee Initial Year
N/A
Annual Fee Ongoing
$149.00
Dishonour Fee
$10.00
Duplicate Statement Fee
$2.50
Foreign Exchange Fee Percentage
0%
Late Payment Fee
$20.00
Rewards
Rewards program basics
Rewards Program
Macquarie Rewards
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A
Rewards points per $1 spent
Domestic Rewards Points Earn Rate
1.25
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
1.25
Additional perks
Insurance
Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
Yes
Cardholder's International Travel Insurance
Yes
Cardholder's Interstate Flight Inconvenience
Yes
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
Yes
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
Yes
Travel and lifestyle
Airport Lounge Access Included
No
Concierge Service Included
Yes
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
No
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
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 $149 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.
Reviewed by Credit Card Compare Staff
History
User reviews
Convenience
Customer service
Rates and fees
Rewards
Trust
Good rewards system
Reviewed by Bob Punch
No complaints
Reviewed by Pina
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