Macquarie Platinum Card with Qantas Rewards

Book your next holiday sooner with 20,000 bonus Qantas Points and save with a 0% interest on balance transfers for 14 months.

You can use the Macquarie Platinum Card to reward your spending with Qantas Frequent Flyer points. You can also take advantage of complimentary travel insurance and a 24/7 concierge service. You can also repay an existing debt with 0% on balance transfers for 14 months, but you won’t earn points this way.

0% p.a.

Balance transfer rate

for 14 months


Bonus points

20.7% p.a.

Purchase rate


Reward point

Per $ spent

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Product NameMacquarie Platinum Card with Qantas Rewards
Rewards programQantas Frequent Flyer
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 Qantas Points when you spend $2,000 on eligible purchases within days of card approval
  • No international transaction fees
  • Complimentary overseas travel insurance and extended warranty on purchases


  • High interest rates on purchases and cash advances
Rewards programQantas Frequent Flyer
Bonus points20,000
Rewards points per $ spent1
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

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Macquarie Platinum Card with Qantas Rewards combines a competitive annual fee with a decent bonus points promotion. It isn’t the biggest bonus points offer on the market, but it’s enough to book an overseas getaway. For example, you could use 20,000 Qantas Points for a return economy flight between Melbourne and Canberra (16,000 points) or a one-way economy flight between Sydney and Cairns (18,000 points).

How to apply

You can apply for the Macquarie Platinum Card with Qantas Rewards online in 10 minutes. Before you apply, make sure that you meet the eligibility criteria and have the details you'll need to complete the application.

Eligibility criteria

  • Income. You'll need to earn a taxable income of at least $50,000.
  • Credit history. You must have a good credit score and history.

Card benefits

  • Bonus Qantas Points. Score 20,000 bonus Qantas Points when you are approved for a Macquarie Platinum Card with Qantas Rewards and spend $2,000 within 60 days of card approval.
  • Earn Qantas Points. You'll collect 1 Qantas Point per $1 spent on eligible purchases up to $1,000 spend per statement period and 0.5 Qantas Points per $1 spent after that. You'll also earn 1 additional Qantas Point per $1 spent on Qantas products and services. You can redeem your Qantas Points for flight rewards, flight upgrades, accommodation as well as a variety of merchandise through the online Qantas Store.

Rates & fees

  • Annual fee. This card charges a $99 annual fee.
  • Purchase rate. Your purchases will attract a 20.7% p.a. interest rate.

Ask an expert

To ask a question simply log in via your email or create an account.

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.


    Default Gravatar
    August 19, 2018

    How do you transfer a credit card balance from another bank to Macquarie platinum credit card? Will I earn Qantas ff points (only activated the credit card a week ago) when I transfer the funds?

      Avatarfinder Customer Care
      August 20, 2018

      Hi Natalie,

      Thank you for getting in touch with Finder.

      You can request a balance transfer when you apply for this card, or any time after by completing a balance transfer request online through Macquarie Online. Please allow up to five business days for balance transfer requests to be processed. The limit on balance transfers is equal to the credit limit on your card, less $500. Should the amount of your balance transfer exceed your limit, they will contact you before processing your request. The minimum balance transfer is $500.

      You may also want to look for other balance transfer offers that can help you save money.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!


    Default Gravatar
    June 12, 2015

    I am trying to obtain your terms and conditions related to fees & charges applicable for cash advances on Macquarie Visa cards.

      Avatarfinder Customer Care
      June 15, 2015

      Hi Donn, thanks for your inquiry!

      Please refer to the PDF I have sent to your email for the Macquarie Bank Credit Cards conditions of use.



Go to site