Hilton Macquarie Platinum Visa – Rates & Fees

Information verified correct on September 29th, 2016

Earn HHonours Points on everyday purchases, save with up to 55 interest-free days and save on interest with 0% p.a. on balance transfers for 14 months.

Are you a regular Hilton customer? If so, reward your loyalty everytime with bonus Hilton HHonours Rewards everytime you make a purchase at the hotel with your Hilton Macquarie Platinum Visa. Plus, if you repay your balance in full each month, you can take advantage of up to 55 interest-free days. Otherwise, if you’re struggling to repay a high interest debt, you can start consolidating faster with 0% p.a. on balance transfers for 14 months.

Product NameMacquarie Bank Hilton Honors Platinum Card
Rewards ProgramHilton HHonors
Balance transfer rate (p.a.)0% p.a. for 14 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (20.7% p.a.)
Purchase rate (p.a.)20.70% p.a.
Annual fee$295 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.95% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Minimum Monthly Repayment2.50% of the closing balance (rounded up to the nearest dollar)
Minimum Income$30,000
Card TypeVisa
Late Payment Fee$35
Foreign Currency Conversion Fee (VISA)3% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover3 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$30,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Annual Fee$295 p.a.
Minimum Repayment2.50% of the closing balance (rounded up to the nearest dollar)
Late Payment Fee$35
Over Limit Fee$30
Cash Advance Fee$5 or 3% of the value of the transaction
Foreign Currency Conversion Fee (VISA)3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$49 p.a.
BPAYYes
ChequeYes
Direct DebitYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes
Rewards ProgramHilton HHonors
Rewards Points per $ (VISA/MC)4
Rewards Points per $ (AMEX)0
Points ExpiryNever

Hilton Macquarie Platinum Visa Review

If you’re looking to earn rewards as you spend while saving on interest costs, the Hilton Macquarie Platinum Visa card could be the right one for you. You can stand to earn points on everyday purchases, plus bonus points on purchases made with Hotel Hotels and its partners. If you repay your balance before the end of the statement period, you can look forward to future savings with up to  55 interest-free days. Transfer your high interest balance to the Hilton Macquarie Platinum Visa and you could repay your debt faster without the cost of interest with the 0% p.a.  balance transfer offer for 14 months. Plus, access to a 24/7 concierge service and complimentary travel insurance will give you some extra convenience and peace of mind.

Benefits of Hilton Macquarie Platinum Visa

  • Hilton HHonours Rewards. If you use your credit card in any of the resorts or hotels under the Hilton portfolio, you’ll earn a bonus 4 HHonors Bonus Point with the rewards program. You’ll earn 1 HHonors Bonus Point per $1 spent on all other eligible purchases. If you are not a member of the HHonors Reward Program, you can join when you apply for your credit card.
  • Balance transfer offer. Consolidate your debt faster without the burden of high interest with the promotional offer of 0% p.a. for 
    0% p.a.  for 14 months. This offer will revert to the standard purchase rate of 20.7% p.a.
  • Complimentary insurance. If you use your Hilton Macquarie Platinum Visa Card to cover the costs of your trip, you’ll receive complimentary travel insurance for yourself and your spouse or dependent children that are travelling with you. The travel insurance policy is valid for 3 months and you are covered against injury or accidental death as a passenger as well as for medical emergencies. You’ll have unlimited medical cover while overseas and you also get a dental cover with limits.
  • Up to 55 interest-free days. Repay your balance in full before the end of the statement period and you’ll receive up to 55 interest free days on future purchases.

Hilton Macquarie Platinum Visa Card features

  • Annual fee. This credit card charges an annual fee of $295
  • Interest rates. This card charges 20.7% p.a. on purchases and 21.95% p.a. on cash advances.
  • 24/7 Complimentary Concierge Service. Enjoy exclusive access to the platinum concierge service offering round-the-clock professional service to organise the goods and services you need, whether it be flights, tickets to a show/ game or a private yacht.
  • Additional cardholders. You can have additional cardholders. A fee of $49 is applicable for additional cards.

How to apply for the Hilton Macquarie Platinum Visa Card

Before you apply for this card, make sure you’ve met the eligibility requirements and organised the necessary documents:

Eligibility criteria

  • The age limit is 18 years old
  • Applicants must be permanent Australian residents
  • Applicants must have good credit rating
  • Applicant must earn a taxable income of at least $30,000 p.a.

Required information

  • Gross annual income
  • Australian driver’s license number (if available)
  • Address and contact information of current employer
  • Contact information of accountant if retired or self-employed
  • Monthly expenses

The Hilton Macquarie Platinum Visa offers a range of benefits and useful features, but as it’s not the only rewards credit card on the market, you’ll benefit from comparing your options before you apply.

Macquarie Bank credit cards FAQ

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3 Responses to Hilton Macquarie Platinum Visa – Rates & Fees

  1. Default Gravatar
    Gavin | December 8, 2014

    Hi, do you have any promotions to join ie, free membership for the first year? Hilton Macquarie Platinum Visa

    • Staff
      Elizabeth | December 8, 2014

      Hi Gavin,

      Thanks for your question.

      Membership to the program is free, so no such promotion exists. Although, if you spend above $40,000 in your first year you’ll be upgraded to HHonors Diamond status.

      I hope this has helped.

      Thanks,

      Elizabeth

  2. Default Gravatar
    Dean | January 17, 2012

    Are we able to attach our Qantas FF to this card ?

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