Macquarie Visa Platinum Credit Card | Review & Compare

Macquarie Visa Platinum Credit Card

What do you want this card for?
Save money
Earn points
Card features
balance transfer
purchase rate
annual fee
Macquarie Visa Platinum Credit Card
Earn 40,000 points when you spend $2,000 in 2 months.
Earn 1.25 pts per $1 spent.
Up to 4 additional cards with no annual fee.
Add to comparison
14 months
0% p.a.
then 20.70%
with a 0% fee
20.70% p.a.
1st year
then $199

Pros & cons

What's good?

What's not so good?

Earn 40,000 points when you spend $2,000 in 2 months.
Earn 1.25 pts per $1 spent.
0% p.a. for 14 months on balance transfers.
Use up to 95% of credit limit for a balance transfer. Credit limits start from $6,000.
Up to 4 additional cards.
Starting 01 July 2019, Macquarie no longer charges international transaction fees on overseas purchases.
Range of complimentary insurances covering travel and purchases.
Visa payWave and Apple Pay enabled.
Applicants must earn more than $50,000 each year.
Starting end of August, Cash Advance amount will be capped at $1,000.
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.

User reviews

4.6 out of 5.0 based on 2 reviews100% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

No complaints

Reviewed and recommended by Pina on 04 Jul 2016

I’ve had no problems with this card. The interest rate is competitive, the card is accepted everywhere, and customer service is very helpful. The rewards scheme has a large range of products to choose from as well as insurance and a concierge service if you need help finding a product. They even called me when something went through that shouldn’t have. Very pleased.

Good rewards system

Reviewed and recommended by Bob Punch on 19 Jun 2015

This card offers a good rewards system with 1.5 points per dollar spend. There is no need to use frequent flyer points for air travel as flights can be purchased directly from the airlines using reward points. There is a good range of other reward items similar to Westpac Altitude, but with less point deductions for items. Specials on reward items are frequently offered, saving even more points. Macquarie has a good online banking service and they provide very good customer service, answering the phone with minimum delay.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Macquarie Bank Rewards
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
whichever is greater, $50 or 2.5%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.14 months0%95% of credit limit20.70% p.a.

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
First statement
Balance transfer from personal loan
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
95% of credit limit
Available to existing customers

Banks you can't balance transfer from

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

  • Jetstar
  • Macquarie Bank
  • Woolworths

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.14 months0%95% of credit limit 20.70% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

Cash advances 1.73% 20.70% p.a.
Purchases 1.73% 20.70% p.a.


Annual fee
$99 p.a.
Annual fee 2nd year
$199 p.a.
Cash advance fee
whichever is greater $5 or 3%
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Rewards & points

Rewards program basics

First purchase bonus
40,000 points
Reward points expiry
Rewards program
Macquarie Bank Rewards
Spend required for bonus points
$2,000 in 2 months

Earning points with this card

Frequent flyer points
Overseas earn rate
Same as standard earn rate
Points cap per month
Points cap per year
Points earned on ATO payments
0 pts per $1 spent
Reward points
1.25 pts per $1 spent

Additional benefits

Airport lounge access
Complimentary flight voucher
Concierge service

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $50,000 per year
Have a good credit history
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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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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