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

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Product NameMacquarie RateSaver Card
Balance transfer rate0% p.a. for 14 months
Balance transfer revert ratePurchase Rate (15.95% p.a.)
Purchase rate15.95% p.a.
Annual fee$69
Interest-free periodUp to 55 days on purchases
Cash advance rate21.95% p.a.
Min credit limit$2,000
Card typeVisa
Foreign currency conversion fee0%
Minimum income$50,000
Available to temporary residentsNo
Joint applicationNo


  • 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


  • There is no rewards program linked to this card.
Bonus pointsN/A
Annual fee$69
Minimum monthly repayment2% 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$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.

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.

How to apply

You can apply for the Macquarie RateSaver credit card online in around 10 minutes. Get started by checking that you meet the following eligibility criteria and have all the documents and details you need to complete the secure 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.
  • Age. You must be at least 18 years old to apply.

Card benefits

  • 0% balance transfer offer. Pay of existing debt with a 0% p.a. interest rate for the first 14 months. With this offer, you can transfer a minimum of $500 from banks, other financial institutions or store cards that are not issued by Macquarie. The introductory period begins on the date your Macquarie RateSaver account is approved and ends 14 months later. If you have remaining debt from your balance transfer at the end of the introductory period, the card's 15.95% p.a. interest rate will apply to the debt. Note that interest-free days do not apply to purchases when you carry a balance transfer debt.
  • 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.

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 $10 annual fee per additional card. Note that you will still be responsible for keeping the account in good standing.

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    Default Gravatar
    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?

      Avatarfinder Customer Care
      January 14, 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.



    Default Gravatar
    August 7, 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

      Avatarfinder Customer Care
      August 8, 2013

      Hi Annette,

      Thanks for your comment.

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


    Default Gravatar
    November 8, 2011

    Would a dual pension
    be excepted ?
    Balance transfer of $10.000
    Thank you.

      Avatarfinder Customer Care
      November 9, 2011

      Hi Noel

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



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