Macquarie Bank Credit Cards

Compare Macquarie Bank credit cards, benefits, features, rates, and fees to help you make an informed decision before applying.

By   |   Updated 5 Mar 2024

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Comparing Macquarie Bank credit cards

Macquarie Black Credit Card with Macquarie Rewards

On website

Highlights

  • Earn 2 Macquarie Reward points per $1 spent.
  • Receive up to $54 in gift cards when you spend $5,000 per month.
  • Enjoy up to 4 free additional cardholders.

Pros

  • No international purchase fees.
  • Earn 2 Macquarie Reward points per $1 spent.
  • Macquarie Rewards points can be redeemed for virtual gift cards or as cashback.
  • $54 in gift cards when you spend $5,000 per month.
  • Up to 55 days interest-free on purchase.
  • Comes with complimentary overseas travel insurance and an extended warranty on purchases.
  • Compatible with Apple Pay and Google Pay.

Cons

  • The $149 p.a. annual fee.
  • Points can't be transferred to airline rewards programs.
  • Interest rates are about average for a rewards card, i.e. not very low.
Macquarie Visa Platinum Credit Card

On website

Highlights

  • Earn up to $20 in gift cards when you spend $3,100 monthly. Terms and Conditions apply.
  • Earn 1.25 Macquarie Reward points per $1 spent.
  • Benefit from up to 4 free additional cardholders, with the option to add more at an additional cost.

Pros

  • No international purchase fees.
  • Up to 55 days interest-free on purchase.
  • Compatible with Apple Pay and Google Pay.

Cons

  • The $99 p.a. annual fee.
  • Samsung Pay is not supported.
  • Macquarie Rewards have no airline partners.
Macquarie Visa RateSaver Credit Card

On website

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

  • Low ongoing interest rate.
  • Get up to 55 interest-free days on purchases.
  • Get up to 4 additional cardholders for free.

Cons

  • No rewards program.
  • Limited travel benefits since this is a no-frills card.
  • No overseas travel insurance cover.

Macquarie Bank offers a range of credit cards that cater to various needs and preferences. From rewards cards to low-rate options, Macquarie Bank credit cards provide flexibility and features that suit different financial goals. In this comprehensive guide, we explore the key aspects of Macquarie Bank credit cards, including benefits, fees, rewards, and how to apply.

Types of Macquarie Bank Credit Cards

Rewards Credit Cards

  • Explore the Macquarie Bank rewards credit cards that offer points for every dollar spent, redeemable for a range of rewards such as travel, merchandise, or cashback.
  • Learn about the different tiers of rewards programs and how cardholders can maximize their points accumulation.

Low-Rate Credit Cards

  • Discover the low-rate credit card options available from Macquarie Bank, perfect for those looking to save on interest costs.
  • Understand the features and benefits of low-rate cards and how they can help manage expenses more efficiently.

Premium Credit Cards

  • Delve into the exclusive benefits and premium features offered by Macquarie Bank's premium credit cards, designed for those seeking luxury perks and exceptional service.
  • Learn about concierge services, travel insurance, and other premium offerings available to cardholders.

Features and Benefits of Macquarie Bank Credit Cards

Cash Advances and Foreign Currency Transactions

  • Understand how Macquarie Bank credit cards handle cash advances and foreign currency transactions, including fees and conversion rates.
  • Explore the benefits of using a Macquarie Bank credit card for overseas purchases and withdrawals.

Dynamic Currency Conversion

  • Learn about dynamic currency conversion and how it affects transactions made with Macquarie Bank credit cards overseas.
  • Understand the implications of choosing to pay in Australian dollars vs. the local currency when making international purchases.

Online and International Transactions

  • Discover the convenience of using Macquarie Bank credit cards for online purchases and international transactions.
  • Learn about security features and fraud protection measures that safeguard cardholders' information during online and international use.

Fees and Charges Associated with Macquarie Bank Credit Cards

Annual Fees

  • Explore the annual fees associated with different Macquarie Bank credit cards and how they compare to industry standards.
  • Learn about waivers or discounts available for certain cardholders.

Foreign Transaction Fees

  • Understand how foreign transaction fees are applied to Macquarie Bank credit card purchases made in a foreign currency.
  • Explore strategies to minimize foreign transaction costs while using a Macquarie Bank credit card overseas.

Late Payment Fees

  • Learn about late payment fees and how to avoid them by setting up automated payments or reminders.
  • Understand the impact of late payments on interest charges and credit score.

How to Apply for a Macquarie Bank Credit Card

  • Step-by-step guide on how to apply for a Macquarie Bank credit card online or in-branch.
  • Explore the eligibility criteria and required documentation for a successful credit card application.

Help choosing a Macquarie Bank credit card

You can access personalized guidance to select the ideal Macquarie Bank credit card tailored to your financial needs and lifestyle preferences.

  • FAQs

What rewards programs are available with Macquarie Bank credit cards?

Macquarie Bank offers various rewards programs, including points-based systems and cashback options. Cardholders can choose the program that best suits their preferences.

How can I avoid high foreign transaction fees with my Macquarie Bank credit card?

To minimize foreign transaction fees, consider using a card with low or no foreign transaction fees, or opt to pay in the local currency when making purchases overseas.

Can I track my credit card expenses and manage my account online with Macquarie Bank?

Yes, Macquarie Bank offers online account management tools that allow cardholders to track expenses, set spending limits, and monitor transactions in real-time.

What security features do Macquarie Bank credit cards offer for online transactions?

Macquarie Bank credit cards come with advanced security features such as fraud monitoring, transaction alerts, and 24/7 customer support to ensure safe online transactions.

What is the process for reporting a lost or stolen Macquarie Bank credit card?

In case of a lost or stolen credit card, contact Macquarie Bank's customer service immediately to report the incident and request a card replacement to prevent unauthorized charges.

How are interest rates calculated on Macquarie Bank credit cards?

Interest rates on Macquarie Bank credit cards are calculated based on the card's annual percentage rate (APR) and the outstanding balance. Understanding the APR and payment due dates is crucial to managing interest costs effectively.

Are there any additional benefits or perks for Macquarie Bank credit card holders?

Macquarie Bank credit card holders may enjoy additional benefits such as travel insurance, purchase protection, extended warranty coverage, and access to exclusive events or promotions. Check the specific terms of your card for details.

What is the minimum credit score required to qualify for a Macquarie Bank credit card?

The minimum credit score required to qualify for a Macquarie Bank credit card may vary depending on the card type and eligibility criteria. Meeting income requirements and demonstrating responsible credit behavior are also critical factors in the application process.

How can I dispute a charge on my Macquarie Bank credit card statement?

If you notice an unauthorized or incorrect charge on your credit card statement, contact Macquarie Bank's dispute resolution team to initiate a chargeback request and investigate the issue promptly.

What are the benefits of setting up automatic payments for my Macquarie Bank credit card?

Setting up automatic payments for your Macquarie Bank credit card can help you avoid late payment fees, improve your credit score by ensuring on-time payments, and streamline your bill management process for greater financial control.