Macquarie Credit Union Visa Credit Card

Macquarie Credit Union Visa Credit Card

Offer
Card features
balance transfer
purchase rate
annual fee
Apply
Macquarie Credit Union Visa Credit Card
Macquarie Credit Union Visa Credit Card
6.95% p.a. rate for the first 6 months on balance transfers.
Up to 55 days days on purchases interest free and 6.95% p.a. for 6 months on purchases.
Low $15 p.a. annual fee.
Add to comparison
6 months
6.95% p.a.
then 13.54%
6 months
6.95% p.a.
then 13.54%
$15
ongoing

Pros & cons

What's good?

What's not so good?

Get 6 months at 6.95% p.a. on purchases, reverting to a low ongoing rate of 13.54% p.a.
Balance transfers are charged at 6.95% p.a. for a period of 6 months.
Cash advances are just 6.95% p.a. for 6, which is very competitive.
The $15 p.a. annual fee is extremely low.
Add up to 3 additional card holders for $0 p.a. each.
There are much more competitive balance transfer offers available that charge less interest and last longer.
The whichever is greater $20 or 5% minimum repayment is higher than usual, which is worth noting. Depending on your viewpoint, this may not actually be a negative feature as it means you will repay your balance faster.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

The basics

About this card

Card setup
Single
Card tier
Standard
Card type
Visa
Card use
Personal
Credit rating
N/A
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
N/A
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
None
Temporary residents
N/A

Cardholders

Additional cardholders
3
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$1,000
Maximum credit limit
N/A

Repayments

Interest charged from
N/A
Interest free period
Up to 55 days days on purchases
Minimum repayment
whichever is greater $20 or 5%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers6.95% p.a.6 monthsNoneN/A13.54% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
N/A
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the Macquarie Credit Union Visa Credit Card at the promotional balance transfer rate from:

    Rates & fees

    Promotional interest rates

    Interest ratePeriodFeeLimitRevert rate
    Balance transfers6.95% p.a.6 monthsNoneN/A 13.54% p.a.
    Purchases6.95% p.a.6 monthsN/AN/A 13.54% p.a.

    Ongoing interest rates

    MonthlyAnnually
    Cash advances 1.13% 13.54% p.a.
    Purchases 1.13% 13.54% p.a.

    Fees

    Annual fee
    $15 p.a.
    Cash advance fee
    N/A
    Dishonour fee
    $10
    Duplicate statement fee
    $1
    Foreign exchange fee
    N/A
    Late payment fee
    $0
    Over limit fee
    $0
    Overseas ATM balance fee
    $0
    Overseas ATM withdrawal fee
    $0
    Overseas emergency card replacement fee
    N/A
    Transaction verification fee
    N/A

    Minimum criteria for this card

    What you need before applying

    Be over 18 years old
    You are a resident or citizen of Australia
    You have your personal details ready to complete the online application
    Have not applied for multiple credit cards recently
    Age Pension, Disability Pension and Veteran's Pension are acceptable.
    Child Support Payments is acceptable.
    Joint applications are not allowed
    Overseas Pension and Widower's Pension are not acceptable.
    Austudy, Carer's Allowance, Family Tax Benefits and Parenting Payments, Foster Care Allowance and Youth Allowance are not acceptable.
    Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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