Macquarie RateSaver Card
Get 0% on balance transfers for 14 months, 0% foreign transaction fees and a $69 annual fee.
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
Details
| 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 (p.a.) | 15.95% p.a. |
| Annual fee | $69 p.a. |
| Interest free period | 55 days |
| Cash advance rate (p.a.) | 21.95% p.a. |
| Min credit limit | $2,000 |
| Card type | Visa |
| Foreign currency conversion fee (Visa/Mastercard) | 0% |
| Complimentary travel insurance | No |
| Minimum Income | $50,000 |
|---|---|
| Minimum age | 18 years of age |
| Available to temporary residents | No |
| Joint application | No |
Pros
- 0% p.a. balance transfer for the first 14 months
- Low interest rate of 15.95% p.a. on purchases
- Up to 55 days interest-free on purchases
Cons
- There is no rewards program linked to this card.
| Annual fee | $69 p.a. |
|---|---|
| Minimum monthly repayment | 2% of the closing balance or $50, whichever is greater |
| Late payment fee | $35 |
| Foreign currency conversion fee (Visa/Mastercard) | 0% |
| Cash Advance Fee | 3% or $5, whichever is greater |
| Additional cardholder fee | $10 |
Expert review
Review by
Amy Bradney-George
amy.bradney-george@finder.comAmy Bradney-George is the acting editor for Finder X and a senior writer for credit cards and Finder Green. She has more than 13 years' experience as a journalist and writer, with bylines in publications including The Equity Magazine, The Sydney Morning Herald, ABC News and produce industry website FreshPlaza. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not putting (virtual) pen to paper, she spends her time as an actress.
Expert review
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.
