Macquarie Visa RateSaver Credit Card

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Macquarie Visa RateSaver Credit Card

Balance transfer

N/A

Purchase rate

15.95% p.a. ongoing

Annual fee

$69.00 p.a. ongoing

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 and cons

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.

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The basics

  • Additional cardholders. This card allows up to 8 additional cardholders for an initial fee of $10 each. Once added, the main cardholder will manage the account and repayments.
  • Digital wallets. This card is compatible with Apple Pay and Google Pay. Samsung Pay is not currently supported.
  • Gambling transactions. Gambling-related transactions are not allowed with this card.

Rewards and benefits

  • Complimentary travel insurance. The Macquarie Visa RateSaver Credit Card does not provide complimentary international travel insurance coverage.
  • Concierge services. Cardholders do not have access to a 24/7 concierge service.
  • Insurances. This card does not come with insurance, but it offers fraud protection as standard.
  • Rewards points. This credit card does not earn points in the Macquarie Rewards program.
  • Sign up bonus. Macquarie Bank does not offer any sign up bonus for this card.

Rates and fees

  • Annual fee. The annual fee for this card is $69 p.a.
  • Balance transfers. There is no introductory balance transfer offer on the Macquarie Visa RateSaver Credit Card at the moment.
  • Cash advances. Cash advances attract interest at the rate of 15.95% p.a., with interest accruing immediately from the purchase date. Macquarie Bank will charge a one-off fee of $5 or 3%, whichever is greater.
  • Foreign exchange fee. This card has no foreign transaction fees. All purchases made online or overseas in a foreign currency will incur zero fees.
  • Interest-free period. Offers up to 55 days interest-free on purchases (excluding cash advances) when you have paid your previous balance in full or made the minimum payment required.
  • Purchases. There is no introductory offer on purchases. All purchases will be charged the ongoing rate of 15.95% p.a.

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