Macquarie Visa RateSaver Credit Card | Review & Compare

Macquarie Visa RateSaver Credit Card

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Card features
balance transfer
purchase rate
annual fee
Money saved
Macquarie Visa RateSaver Credit Card
Macquarie Visa RateSaver Credit Card
0% p.a. balance transfer for 14 months.
Low rate of 15.95% p.a. on purchases.
Up to 55 days on purchases.
Add to comparison
14 months
0% p.a.
then 15.95%
with a 0% fee
15.95% p.a.
saved over 14 months
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Pros & cons

What's good?

What's not so good?

0% p.a. on balance transfers for 14 months.
You can use up to 95% of credit limit for a balance transfer.
15.95% p.a. on purchases.
Up to 55 days on purchases.
A credit range from $2,000 to $50,000.
Up to 8 additional cardholders.
Starting 01 July 2019, Macquarie no longer charges international transaction fees on overseas purchases.
Comes with Apple Pay.
There is a $10 p.a. fee for each additional cardholder.
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.

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
Temporary residents


Additional cardholders
Additional card fee
$10 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%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.14 months0%95% of credit limit15.95% 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 RateSaver 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 15.95% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

Cash advances 1.33% 15.95% p.a.
Purchases 1.33% 15.95% p.a.


Annual fee
$69 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

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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