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The Macquarie RateSaver credit card has the same 15.95% p.a. variable interest rate for purchases and cash advances.
0% p.a.
Balance transfer rate
for 14 months
15.95% p.a.
Purchase rate
$69 p.a.
Annual fee
55 days
Interest free period
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Product Name | Macquarie RateSaver Card |
---|---|
Balance transfer rate | 0% p.a. for 14 months |
Balance transfer revert rate | Purchase Rate (15.95% p.a.) |
Purchase rate | 15.95% p.a. |
Annual fee | $69 |
Interest-free period | 55 days |
Cash advance rate | 21.95% p.a. |
Min credit limit | $2,000 |
Card type | Visa |
Foreign currency conversion fee | 0% |
Minimum income | $50,000 |
---|---|
Available to temporary residents | No |
Joint application | No |
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 | $10 |
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.
As the name suggests, the Macquarie RateSaver is designed to give you low-cost access to credit. While the 14-month balance transfer offer isn’t the longest on the market, you won’t have to pay a balance transfer fee if you move existing debt onto this card.
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.