Get the Finder app 🥳

Track your credit score


Macquarie Bank credit card rewards program

Earn reward points for every dollar you spend and redeem them for gift cards or cashback.

Updated . What changed?

Fact checked

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

Macquarie Rewards is a credit card rewards program lets you earn points on all eligible purchases you make with a Macquarie Platinum Card or Macquarie Black Card. You can redeem your points online for eGift cards or cashback to an eligible Macquarie account.

Earning Macquarie Rewards points

The Macquarie Platinum and Macquarie Black credit cards offer the following earn rates on your spending.

Card typeReward points earn rate
Macquarie PlatinumEarn 1.25 points per $1 spent on eligible purchases, up to $200,000 a year.
Macquarie BlackEarn 2 points per $1 spent on eligible purchases.

Certain transactions, such as cash advances and balance transfers as well as any restricted transactions specified under the Macquarie Rewards Program’s terms and conditions, are not eligible for points.

Learn more about Macquarie credit cards

Redeeming Macquarie Rewards points

You can redeem your Macquarie Rewards points through the Macquarie Mobile Banking app or Macquarie Online. Once you have logged in to your account, you will be able to see your point balance and browse rewards from the following two categories:

  • eGift cards. You can redeem your points for digital gift cards from leading brands including Bunnings Warehouse, Myer, JB Hi-Fi and Woolworths. Redemptions start from 3,850 points for a $20 digital gift card.
  • Cashback. You can redeem Macquarie Rewards points for cashback to an eligible Macquarie account, starting from $20 cashback for 5,500 points.

Ways to boost your Macquarie Rewards balance

  • Sign-up bonus points. The Macquarie Platinum credit card offers 20,000 bonus Macquarie Reward points when you spend $2,000 on eligible purchases within 60 days of approval, while the Macquarie Black offers 20,000 bonus points when you spend $2,000 within 60 days of card approval.
  • Additional cardholders. Sharing your account with a partner or other family member gives you a way to earn points faster, as any eligible spending they do with their additional card will also earn you points. Note that you will still be responsible for paying off the balance and keeping the account in good standing.

Mistakes to avoid with a Macquarie Rewards credit card

As with all credit cards, there are some pitfalls to avoid at all costs:

  • Overspending. With the prospect of earning points for every $1 spent, you may find yourself tempted to buy more with a credit card, which could lead to ongoing debt.
  • Carrying a balance. This is a sure route to debt, since carrying a monthly balance means paying interest on it. It also means you won’t be eligible for interest-free days in the following month, which results in even more interest fees accrued on your purchases.
  • Not considering the standard rates. Even if a card’s promotional interest rate is 0%, it will eventually come to an end. Failing to consider the revert or standard rates on a card can lead to high interest fees and debt when the promotional period is over.
  • Making new purchases when you have transferred a balance. As long as you carry an outstanding balance on your account, you will not enjoy interest-free days on new purchases. Whether you’ve had a balance transfer or haven’t paid your bill in full for other reasons, making new purchases on the card will incur interest fees immediately.
  • Making cash advance transactions. Cash advance transactions aren’t eligible for points and commonly attract high interest charges and fees. Cash advances include ATM withdrawals as well as the purchase of money orders, foreign currencies, prepaid cards, shopping or gift cards and gambling items.
  • Not using other complimentary extras. Since you’re indirectly paying for the card’s perks (via the annual fee), it would be wise to make full use of them. This is why it’s prudent to choose a card with complimentary extras that you’ll regularly use, since all these features affect the value of your card.

The Macquarie Rewards Program is one of many credit card reward programs on the market. This makes it’s important to compare a variety of options so you can find a card that fits with your spending patterns and goals.

Image: Shutterstock

Back to top

More guides on finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

Credit Cards Comparison

Data indicated here is updated regularly
Name Product Purchase rate Balance transfer rate Annual fee
Coles No Annual Fee Mastercard - Exclusive Offer
0% for 12 months, reverts to 19.99% p.a.
0% p.a. for 12 months
Finder Exclusive. Ends 29 October 2020
Save on new and existing interest charges with 0% interest on both balance transfers and purchases for the first 12 months.
ANZ Low Rate
12.49% p.a.
0% p.a. for 25 months with 1.5% balance transfer fee
$0 annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a on balance transfers for 25 months (with a 1.5% BT fee) and $0 first year annual fee. Plus a 12.49% p.a. purchase interest rate.
Qantas American Express Premium Card
20.74% p.a.
Enjoy 100,000 bonus Qantas Points, 50 bonus Status Credits and 2 complimentary Qantas Club lounge invitations per year.
Citi Rewards Card - $500 Voucher Offer
21.49% p.a.
0% p.a. for 12 months
$99 annual fee for the first year ($199 p.a. thereafter)
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points with the Citi Rewards Program.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Go to site