Macquarie Visa RateSaver Credit Card
3.8
Highlights
- Benefit from a low standard interest rate of 15.95% p.a. on purchases and cash advances.
- Enjoy up to 55 days interest-free on purchases.
- Experience $0 international purchase fees.
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
$2,000.00
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
15.95% 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
15.95% p.a.
Account fees
Annual Fee Initial Year
N/A
Annual Fee Ongoing
$69.00
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
N/A
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A
Rewards points per $1 spent
Domestic Rewards Points Earn Rate
N/A
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
N/A
Additional perks
Insurance
Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
No
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No
Travel and lifestyle
Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
N/A
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The basics
- Additional cardholders. This card allows up to 4 additional cardholders for FREE. Once added, the main cardholder will manage the account and repayments.
- Digital wallets. This card is compatible with Apple Pay and Google Pay. Samsung Pay is not currently supported.
- Gambling transactions. Gambling-related transactions are not allowed with this card.
Rewards and benefits
- Complimentary travel insurance. The Macquarie Visa RateSaver Credit Card does not provide complimentary international travel insurance coverage.
- Concierge services. Cardholders do not have access to a 24/7 concierge service.
- Insurances. This card does not come with insurance, but it offers fraud protection as standard.
- Rewards points. This credit card does not earn points in the Macquarie Rewards program.
- Sign-up bonus. Macquarie Bank does not offer any sign-up bonus for this card.
Rates and fees
- Annual fee. The annual fee for this card is $69 p.a.
- Balance transfers. There is no introductory balance transfer offer on the Macquarie Visa RateSaver Credit Card at the moment.
- Cash advances. Cash advances attract interest at the rate of 15.95% p.a., with interest accruing immediately from the purchase date. Macquarie Bank will charge a one-off fee of $5 or 3%, whichever is greater.
- Foreign exchange fee. This card has no foreign transaction fees. All purchases made online or overseas in a foreign currency will incur zero fees.
- Interest-free period. Offers up to 55 days interest-free on purchases (excluding cash advances) when you have paid your previous balance in full or made the minimum payment required.
- Purchases. There is no introductory offer on purchases. All purchases will be charged the ongoing rate of 15.95% p.a.
Reviewed by Credit Card Compare Staff
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