In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Macquarie RateSaver Card
Terms and conditions apply
Purchase rate
15.95% p.a.
Annual fee
$69 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers a low interest rate and 0% foreign transaction fees on purchases, with a $69 annual fee.

As the name suggests, the Macquarie RateSaver is designed to give you low-cost access to credit. If you’re making new purchases, the 0% foreign transaction fees on this card could help you save on costs when you’re overseas or shopping online with retailers that are based overseas. Meanwhile, the 15.95% p.a. interest rate is lower than some cards on the market – but not as competitive as some other low rate cards.


  • Low interest rate of 15.95% p.a. on purchases
  • 0% international transaction fees on purchases
  • Up to 55 days interest-free on purchases


  • No rewards program linked to this card

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The Macquarie RateSaver Card can be added to digital wallets including Apple Pay and Google Pay and offers worldwide acceptance through the Visa card network. You can also get up to 55 days interest-free on purchases if you pay off the closing balance in full by the due date on your statement.


Product details

Product Name Macquarie RateSaver Card
Purchase rate p.a. 15.95%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 15.95%
Min credit limit $2,000
Card type Visa


Available to temporary residents No
Minimum income $50,000
Joint application No


Bonus points N/A


Annual fee $69
Minimum monthly repayment 2% of the closing balance or $50, whichever is greater
Late payment fee $20
Foreign currency conversion fee 0%
Cash advance fee 3% or $5, whichever is greater
Additional cardholder fee $0

How to apply

Macquarie Bank credit cards are currently only available as part of a Macquarie home loan package or for Macquarie Private Bank or Business Bank clients that meet certain criteria. You'll also need to meet the following eligibility requirements and have all the required documents and details to complete your application.

Eligibility criteria

  • Minimum income. You must earn a minimum taxable income of $50,000 per year.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • No foreign transaction fees. The Macquarie RateSaver offers a 0% foreign transaction fee when you use your card overseas or online with a retailer that's based overseas. This can help you save on costs compared to cards that charge fees for currency conversion.
  • Low interest rates. This card has a variable rate of 15.95% p.a. that will apply to your purchases when you're not eligible for interest-free days. If you use this card to withdraw cash or make any other cash advance transactions, the same interest rate will apply from the date of the transaction. Note that cash advances are not eligible for interest-free days.

Rates & fees

  • Annual fee. This card has an annual fee of $69 p.a. for the primary cardholder, which is charged when the account is first opened and then each year around the anniversary of that date.
  • Additional cardholders. Add your partner or a loved one to this account for a $0 annual fee per additional card. Note that you will still be responsible for keeping the account in good standing.

Your reviews

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January 13, 2016

Can I transfer the balance from my husband’s Westpac credit card (Which I am an additional card holder) to the Visa RateSaver Credit Card?


Jonathan Finder

January 13, 2016

Hi Emma,

Thanks for your inquiry!

Transferring a balance between two separate primary cardholder names is not eligible even if

you are applying as a current additional cardholder. Your husband may like to compare more balance transfer credit cards

Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

I hope this helps.



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August 07, 2013

we have 3 home loans with macquarie and we have 3 credit cards totalling 15,000 is there any way we can transfer all our cards over to u


Shirley Finder

August 08, 2013

Hi Annette,

Thanks for your comment.

Please contact Macquarie directly as they can assess you against their lending criteria.




Noel A

November 08, 2011

Would a dual pension

be excepted ?

Balance transfer of $10.000

Thank you.



Jeremy Finder

November 09, 2011

Hi Noel

I would suggest speaking to BoQ Customer Service to see if they can assist.



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