Macquarie Bank credit cards give you the ability to earn rewards, enjoy platinum features or take advantage of a low interest rate.
Compare credit cards from Macquarie Bank
Rates last updated May 29th, 2017.
Jonathan
Types of credit cards that Macquarie Bank offers
You can compare Macquarie Bank credit cards to find a product that best suits your needs below:
Low rate credit cards
A low rate credit card can be good to have if you don’t regularly pay your balances in full each month. The Macquarie Visa RateSaver Card comes with a 0% p.a. balance transfer offer for 14 months as well as up to 55 interest-free days on purchases. Please note that this card also comes with an annual fee.
Rewards credit cards
Macquarie Bank currently offers cards linked to the Qantas frequent flyer program, Hilton HHonors and the bank's own rewards program. Some of these cards also come with bonus points, which can help you redeem rewards faster. If you like the idea of earning reward points as you spend, you can compare your rewards credit card options below.
Platinum credit cards
Macquarie Bank platinum credit cards come linked to rewards programs and offer extra perks including complimentary insurances and a 24/7 concierge service. These cards come with annual fees and high interest rates, though, so it's important that the value of the extra features outweigh the cost of the card.
Black credit cards
Macquarie Bank offers black-tier credit cards, providing cardholders with another level of benefits beyond platinum cards. Black cardholders can look forward to airport lounge access, higher earn reward points rates and concierge services.
Benefits of banking with Macquarie Bank
Banking with this institution allows you to have all your financial needs met under a single umbrella, be it through savings accounts, transaction accounts, term deposits, loans, online trading, specialist investments or financial advice. Getting a credit card through Macquarie comes with a number of advantages.
Round-the-clock service
Irrespective of the credit card you choose, you can access the Macquarie Bank service centre at any time of the day or night on 02 8232 3333.
Choice of reward points
If you’re applying for the Macquarie Visa Platinum Card you have the option to apply for the card with Macquarie reward points or Qantas Points. It's also the only bank that directly earns Hilton Hhonors points. Depending on the card you choose, cardholders can look forward to competitive earn rates and bonus points offers.
MyChoice Travel
The Macquarie Visa Platinum Card with Macquarie reward points gives you access to MyChoice Travel, your personal travel agent. You can use this service to redeem your reward points and pay for part of or all your travel expenses including flights, hotels and tours.
Visa benefits
As a Visa product, you can use Macquarie Bank cards internationally. You'll also enjoy Visa perks including Visa Entertainment to access exclusive offers as well as access to upcoming sporting events, live shows, movies, and more. Visa's Zero Liability policy offers protection to all cardholders, and 24/7 online account monitoring provides advanced fraud protection.
Applying for a Macquarie Bank credit card
You can apply for a Macquarie Bank Credit Card by visiting any of the bank’s branches, over the phone or online. Before you apply, make sure you've met the eligibility requirements and organised the following information:
Eligibility criteria
- You’re older than 18 years of age
- You’re a permanent Australian resident
- You have good credit history
- You meet the minimum income requirements (which vary from card to card)
Required documents
- Applicant details. These include your complete name, date of birth, marital status, number of dependent children and driver’s license number.
- Identification details. This section requires your mother’s maiden name as well as the name and phone number of a friend or relative who does not share the same address with you.
- Contact details. Enter your residential address, time spent at this address, phone numbers and email address.
- Professional details. This section requires your employment status, occupation, name of your employer, time at current job, your employer’s contact details, your gross annual income and income from other sources.
- Expenses. You have to provide details about rent, mortgage repayments, living expenses, your total available credit limit on existing credit cards and the minimum repayments towards other loans.
What happens next?
You might receive a call from a Macquarie Bank representative if the bank needs any extra information. If you let your employer’s payroll department know of an impending income verification call in advance, the process can move a little quicker. New Macquarie Bank customers have to go through an identity verification process, as stipulated by the Australian government. You might have to visit a branch to complete this formality.
Back to topFrequently asked questions
Listed below are a range of questions and answers about Macquarie Bank's credit cards. To ask a question that isn't listed below you can use the form at the end of this page.
How quickly can I complete the online application?
Keep all the information needed to complete the application nearby, and you can complete it in around 10 to 15 minutes.
How can I check my application’s status?
You can call Macquarie Bank directly to find out about the status of your application.
Can I add an additional cardholder?
With the platinum card, you can get up to four additional cards for free.
What complimentary insurance covers do platinum cardholders receive?
All Macquarie Visa Platinum cardholders receive complimentary extended warranty insurance, interstate flight inconvenience insurance and overseas travel insurance.
How do I earn reward points?
You earn reward points when you use your black or platinum card to make eligible transactions. Eligible transactions exclude cash advances, balance transfers, GST or government charges, payments to the Australian Tax Office, interest and other bank fees, BPAY payments or gambling transactions.Â
How can I find out how many points I have?
You can find out how many points you have online, over the phone, or by going through your credit card statement.
Do Macquarie reward points expire?
As long as you keep your account open and operate it as per the given terms and conditions, your reward points don’t expire.Â
Can I transfer my reward points?
No, you cannot transfer your reward points, and your points automatically cancel when your account closes.
How can I redeem my reward points?
You can redeem your Macquarie reward points through the Macquarie Rewards Program. Choose from an array of merchandise, gift cards, experiences, vouchers, and travel bookings. Qantas points are accumulated in your Qantas Frequent Flyer program account, and you redeem them like you would your regular Qantas Points. Redeeming HHonors points presents you with options such as staying at Hilton hotels, dining in their restaurants and making purchases.
Thank you May,
But which ones are Macquarie Banks home network? If I use a Redi ATM will this incur fees?
Hi Christine,
Thanks again for your comment.
As I mentioned in my previous comment, any Westpac, St.George or BankSA branded ATM are Macquarie Bank home network. Other than these brands, you may be charged ATM withdrawal fees.
As for using the rediATM, their partners’ cardholders can use any of the 3,000 rediATMs across Australia without receiving a direct charge fee. I’ve sent a link to your email for the list of the rediATM partners.
I hope this helps.
Cheers,
May
When banking with Macquarie which ATM can I use that will not attract fees?
Hi Christine,
Thanks for your inquiry.
To avoid unnecessary ATM transaction fees, you should use ATMs that are part of the Macquarie Bank home network including any Westpac, St.George or BankSA branded ATMs where transactions are free and unlimited.
On the other hand, if you need to use an ATM that is not part of the home network, Macquarie Bank does not charge for this. But you may be charged directly by the ATM owner at the time of the transaction.
Hope this helps.
Cheers,
May
Hi – what banks/ providers still provide reward/QFF points for ATO payments?
Hi Sandy,
Thanks for your inquiry.
You may wish to refer on our comparison table for credit cards that lets you earn rewards points.
I hope this helps.
Cheers,
Debbie
I wish to return my unused Macquarie Credit Card so can you please advise where I should send the card to please?
Hi Peter,
Thank you for your inquiry.
Please note that you’ve come through finder.com.au, an online comparison service and not Macquarie.
You can contact a Macquarie customer service representative directly to further assist you by using this hotline:
+61 2 8232 3333.
For other information on how to cancel a credit card, please go through this page.
I hope this helps.
Cheers,
Debbie
I currently have a Founding Member Platinum Visa Card and want to know what your best offer interest rate would be if I wish to do a Balance Transfer to this account?
Hi Gleno,
Thanks for your question.
At the time of writing, the BT offer for the Macquarie Bank Platinum Visa is 5.99% p.a. for 9 months.
If you’d like, you can compare more offers on this page.
Cheers,
Shirley
What is the minimum amount of income required to apply for a card?
Hi Richard.
There are number of credit cards, the each currently have a minimum income requirement of $50,000 per annum. You will have to apply direct through the Macquarie website.
Thanks for your question.
Jacob.