Macquarie Visa Platinum Credit Card | Review & Compare

Macquarie Visa Platinum Qantas Rewards Credit Card

What do you want this card for?
Save money
Earn points
My monthly spend: 
Card features
Rewards program
Earn rate
Sign up bonus
Points earned
Macquarie Visa Platinum Qantas Rewards Credit Card
Earn %(Reward Points (MC/Visa))s on eligible purchases.
Earn 40,000 points when you spend $2,000 in 2 months.
Up to 4 additional cards with no annual fee.
Add to comparison
Macquarie Qantas Rewards
Macquarie Qantas Rewards
1 pt
per $1 spent
up to $1,000
then 0.5 pts
thereafter per statement period
More info
after spend criteria
in 12 mths (approx.)
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Pros & cons

What's good?

What's not so good?

Earn 40,000 points when you spend $2,000 in 2 months.
Enjoy complimentary Qantas Frequent Flyer joining fee of $99.50 (if you’re a new member of Qantas Frequent Flyer).
Earn 1 pt per $1 spent on eligible purchases for up to $1,000 per statement period. Reverts to 0.5 pts per $1 spent thereafter.
0% p.a. for 14 months on balance transfers.
Starting 01 July 2019, Macquarie no longer charges international transaction fees on overseas purchases.
Up to 4 additional cards at no cost.
Range of complimentary insurances covering travel and purchases.
A second-year annual fee is a bit high amounting to $249 p.a.
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

3.8 out of 5.0 based on 2 reviews50% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Downgraded the points you collect :(

Reviewed and not recommended by Luc on 30 Sep 2016

A few months ago they slashed the points from 1 to 1 to 0.5 per dollar spent. You earn no points for ATO debt payment etc. This has prompted me to shop around for a new card. Why do these greedy banks who charge 20% interest do this? Greed!

Furthermore they have just updated their online banking platform. Call me simple, but i find their graphic user interface too complicated. I suggest they keep it simple, and have this available in the background for the data-hungry users.

Good online account management

Reviewed and recommended by Adrian on 24 Sep 2016

Great-looking card with reasonable annual fees.

The biggest benefit is the great online account management facility, and the mobile apps. You can log in just using a stored fingerprint and be able to see all spend categories, to help track outgoing payments. Clear and easy-to-use menu systems and graphical user interface.

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
Rewards program
Macquarie Qantas 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 Qantas Rewards 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
$249 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

Earn rates

Spend typeSpend
Airline spend
Up to $1,000
1 pt per $1 spent
thereafter per statement period
0.5 pts per $1 spent
Points capN/A

Rewards program basics

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

Earning points with this card

Frequent flyer points
1 pt per $1 spent up to $1,000 then 0.5 pts per $1 spent thereafter per statement period
Overseas earn rate
Same as standard earn rate
Points cap per month
Points cap per year
Points earned on ATO payments
Reward points

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
Joint applications are not allowed
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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