Macquarie Platinum credit card

Enjoy 20,000 bonus Macquarie Rewards points, complimentary travel insurance and a 24/7 concierge service.

The Macquarie Platinum is a rewards card that offers 20,000 bonus points when you apply as a new customer and spend $2,000 on eligible purchases in the first 60 days from card approval.

0% p.a.

Balance transfer rate

for 14 months


Bonus points

20.7% p.a.

Purchase rate


Reward points

Per $ spent

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Product NameMacquarie Platinum Card
Rewards programMacquarie Credit Card Rewards Program
Balance transfer rate0% p.a. for 14 months
Balance transfer revert ratePurchase Rate (20.7% p.a.)
Purchase rate20.7% p.a.
Annual fee$99
Interest-free periodUp to 55 days on purchases
Cash advance rate20.7% p.a.
Min credit limit$6,000
Card typeVisa
Foreign currency conversion fee0%
Minimum income$50,000
Available to temporary residentsNo
Joint applicationNo


  • 20,000 bonus Macquarie Reward points when you spend $2,000 within 60 days from card approval
  • Promotional balance transfer rate of 0% p.a. for 14 months
  • Up to 55 days interest-free on purchases
  • Up to 4 additional cardholders at no extra cost


  • Promotional balance transfer rate reverts to a relatively high purchase rate of 20.7% p.a.
Rewards programMacquarie Credit Card Rewards Program
Bonus points20,000
Rewards points per $ spent1.25
Rewards points cap250,000
Annual fee$99
Minimum monthly repayment2.5% of the closing balance or $50, whichever is greater
Late payment fee$20
Foreign currency conversion fee0%
Cash advance fee3% or $5, whichever is greater
Additional cardholder fee$0
Number of additional cardholders4

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

Complimentary overseas travel insurance, interstate flight inconvenience insurance and a concierge service are among the perks you can get with a Macquarie Platinum credit card. You also earn a competitive 1.25 points per $1 spent on eligible purchases, with the option of redeeming them for either eGift cards or cashback through Macquarie Rewards.

How to apply

You can apply for the Macquarie Platinum online by filling out a secure application form. Before you get started, make sure you meet the eligibility requirements and have all the details you need to complete your application.

Eligibility criteria

  • Minimum income. You must have a taxable income of at least $50,000 p.a.
  • New applicants. This offer is only available to new Macquarie Platinum customers.

Card benefits

  • 0% p.a. on balance transfers. This card offers an introductory 0% interest rate on balance transfers for the first 14 months. At the end of the introductory period, the variable interest rate of 20.7% p.a. will apply to any debt remaining from the balance transfer. You can request a minimum balance transfer amount of $500 from banks, other financial institutions or store cards (excluding any accounts issued by Macquarie). Note that Macquarie also reserves the right to not process a balance transfer request.
  • Bonus Macquarie Reward points. If you spend $2,000 on eligible purchases within the first 60 days of card approval, you'll receive 20,000 bonus points. The points will be credited to your account within 60 days of meeting these requirements.

Rates & fees

  • Annual fee. This card charges an annual fee of $99 p.a.
  • Purchase rate. The 20.7% p.a. interest rate on this card is similar to the purchase rates of other rewards cards.

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    Default Gravatar
    October 25, 2016

    Is there a cap on points per month or year? Which airlines can points be transferred to? How many visits to airport lounges per year and which lounge is available for use?

      Avatarfinder Customer Care
      October 27, 2016

      Hi Mark,

      Thanks for your questions.

      For Macquarie Platinum Card, there is a yearly cap of 250,000 rewards points.

      Unfortunately, the Macquarie Platinum Card does not offer complimentary airport lounge access. The points also can’t be transferred to any frequent flyer program.


    Default Gravatar
    September 20, 2016

    Am I able to balance transfer from a card not under my name? I also used to have a jetstar card from last year is the balance transfer offer still available to me?

      Avatarfinder Customer Care
      September 20, 2016

      Hi Leo,

      Thanks for your inquiry.

      To answer your first question, balance transfer between two people’s names is allowed by Macquarie Bank according to our balance transfer criteria guide.

      However, please take note that balance transfer is not possible between any account issued by Macquarie Bank and your account. It has to come from another bank or financial institution for the transfer to be accepted.

      For your next question, yes, the balance transfer offer is still available. However, the application for the Macquarie Platinum credit card is currently not available on our site. Should you wish to proceed with the application, you’ll need to visit the Macquarie Bank’s website.

      I hope this has helped.


    Default Gravatar
    December 27, 2015

    Does the new Macqaurie Bank Black card offer airport lounge access passes

      Avatarfinder Customer Care
      December 28, 2015

      Hi Johno,

      Thanks for your inquiry.

      The Macquarie Bank Black Card does not offer complimentary airport lounge access.

      We have a range of credit cards with free airport lounge access to compare. You can press the “Go to site” button of your preferred credit card to proceed with your application. You can also contact the provider if you have specific inquiries.

      A gentle reminder, please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply for the credit card.

      I hope this helps.


    Default Gravatar
    January 30, 2015

    Can I deposit money into my credit card to make payment into the card account

      Avatarfinder Customer Care
      January 30, 2015

      Hi Paul,

      Thanks for your inquiry!

      Deposits into the account are available by the following methods; BPAY, Cheque, Direct Debit, Phone banking, Internet banking transfers, In branch and mail.

      I hope this helps!



    Default Gravatar
    February 5, 2012

    how to apply this credit cad

      Avatarfinder Customer Care
      March 9, 2012


      This card is currently not available for application. Thanks.


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