Macquarie Bank Credit Cards

Over the years Macquarie bank has become a leading force for financial solutions in Australia and worldwide.

The Macquarie Bank offers a range of credit card choices, from a feature-rich Platinum card, to a low rate credit card, backed by Macquarie and their reputation for providing exceptional service to their customers.

Macquarie Bank provides services and products to different types of people and businesses. Everything from specialised products and services for government organisations, institutions, corporations and businesses to select personal products and services can be found at this bank.

Compare Macquarie Bank Credit Cards

Rates last updated October 23rd, 2014

Interest rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
Macquarie Bank RateSaver Visa Card
Macquarie Bank RateSaver Visa Card
A low fee and low rate card 14.95% p.a. 0% p.a. for 4 months $69 p.a. 21.95% p.a. More info
Macquarie Bank Visa Gold Card
Macquarie Bank Visa Gold Card
A gold card with Macquarie rewards points and complimentary insurance 20.70% p.a. 0% p.a. for 9 months $130 p.a. 21.95% p.a. More info
Macquarie Bank Hilton HHonors™ Platinum Card
Macquarie Bank Hilton HHonors™ Platinum Card
A platinum credit card with bonus Macquarie points when you spend at hotels and resorts within the Hilton Portfolio 20.70% p.a. 0% p.a. for 9 months $295 p.a. 21.95% p.a. More info
Macquarie Bank Platinum Visa Card
Macquarie Bank Platinum Visa Card
A platinum credit card that offers complimentary insurance and rewards 20.70% p.a. 0% p.a. for 9 months $200 p.a. 21.95% p.a. More info

Next to credit cards Macquarie Bank also provide a full service for stock market broking and various specialised investment services and products. It is a full range financial institution that can meet the needs of both individuals and major companies and corporations.

Other products and services include:

  • Investment and personal loans
  • Home loans
  • Superannuation products and retirement funds
  • Property products and cash management trusts.

Managing your Macquarie Bank credit card

There are a few things you should do in order to protect your credit card and to make the most of it. Some of the things you can do to manage your Macquarie Bank credit card effectively are:

  • Keep track of your spending using your online account – use it to keep track of your transactions and unused credit
  • Your online account can also be used to manage your payments – Paying your closing balance by the due date (indicated on your card statement) can help keep your card and account in order.

In addition to the tips just mentioned, there are some extra measures you can take to protect your credit card from fraud, and to make payments securely:

Sign your credit card and keep your pin secure:

Make sure that you sign your card on the back as soon as you receive it, remember your pin and keep it safe.

Contact card services in case of an emergency:

Don’t hesitate to contact Macquarie Card Services in case of any emergency. This could include events like losing your card, or having your card stolen. In addition, make sure you report any suspicious activities or transactions that appear on your account. The Card Services team is available 24/7 and can be contacted on 1300 150 300.

Be safe online:

Make sure you only shop on secure sites and do not provide card details on other websites. Aim to keep your computer’s firewall and anti-virus program up to date.

Back To Top


Understanding interests on your Macquarie Bank credit card

Payments made to your Macquarie Bank credit card account are based on the calculation of a minimum monthly spend amount.

How is Macquarie Bank credit card interest calculated?

Interest on your Macquarie Bank credit card is calculated on the amount of money you spend using the card. The calculated interest is then charged on the balance you have outstanding each day of the statement cycle.

Calculations are based on the Annual Percentage Rate or APR. The rate is displayed on each credit card statement that you receive. Interest is calculated daily, based off this annual rate. The formula used for this calculation is:

Daily percentage rate = APR/365 days

Interest rates vary over time and can change. Your next credit card statement will also contain information about rate changes.

The calculation of interest depends on the kind of transactions you make, and the method in which you make repayments.

Back To Top


Frequently Asked Questions

When must payments be made to my Macquarie Bank Credit Card account?

With every statement cycle you will be informed of a ‘minimum monthly payment’. This amount will appear on your statement, and you must pay this amount in full.

The minimum monthly payment is calculated as the greater of $20 or a percentage of your closing balance for the statement period. If your total balance is less than $20, you must pay the balance in full.

You may pay more than this minimum monthly payment if you choose to. In addition, you can make payments at any time. If your balance is more than your credit limit or you have an overdue payment outstanding, you should pay those off immediately.

A due date will be indicated on your statement. You should make payments by that date to avoid debt and high interest charges. To allow you to do so effectively, you should allow a few days for funds to clear.

How are payments allocated to my Macquarie Bank Credit Card account?

Payments are allocated to your Macquarie Bank credit card account in the following order:

  1. Interest charges
  2. Special promotions such as balance transfer and introductory offers. After the offer period expires, interest will be charged at the regular rate
  3. Other fees and charges such as the annual fee
  4. Purchases: Interest will be charged on retail spending, BPAY and direct debit transactions. You can receive up to 55 days interest-free on these transactions.
  5. Cash advances

Back To Top


Macquarie Bank Overview

The Macquarie Bank has developed over the years to become a leading force for financial solutions in Australia and worldwide.

Macquarie Bank is an investment bank that provides services and products throughout Australia in financial trade. It is a financial and international investment institution that is based in Sydney. Internationally, it provides a wider range of services catering to America, Europe, Africa and the Middle East. It prides itself on giving value to different businesses in several regions.

This banking institution has an outstanding management style and structure. Operations have access to a certain amount of freedom and the balance is met between the management of professional standards and risk balancing. This is its management approach, and it can be seen at all levels, including in their standard of entrepreneurship.

Strong management approach is combined with entrepreneurial culture and risk management. It does focus on the many risks of the market and industry it is a part of. Macquarie Bank also focuses on motivation at all levels, recruitment, professionalism, and commitment to both growth and to its clients. A lot of positive energy is put towards retaining their highly qualified staff by offering rewards to keep them on board.

Risk management is a very strategic part of this bank and plays an important role in its very structure. It has remained successful and profitable for many years because it has been able to determine risks and work with them. The risks taken by the bank are always controlled and calculated.

Some of the major risks that the bank has to constantly deal with are legal compliance, documentation, market, operational, credit, equity and liquidity risks. Management and assessment of all of these risks are handled by their own Risk Management Group. Their duties include risk monitoring and assessment, giving prior approval to all activities related to business, prudential centralised management, and management principles of independence.

The bank has been operating successfully and profitably since 1992 on a consistent basis. Approximately 10,000 employees work for Macquarie Bank in different countries around the world. In March 31, 2007 the year-end report for income showed that 55% of it came from its international activities.

Operations are separated into seven different groups in marketing and production sectors. They include: the Funds Management Groups, Financial Services, Real Estate, Equity Markets, Banking and Security, Treasury and Commodities and the Investment Banking Group.

History of Macquarie Bank

Starting out with the name Hill Samuel Australia Limited in 1969, Macquarie Bank was a subsidiary of Hill Samuel & Co. This was a merchant bank in the United Kingdom, and at the beginning of its operations in 1970 there were only three staff running the company. In 1981, deregulation in the financial markets occurred, which led to HSA sending forth a proposal for it to be considered  a trading bank. It changed its name to Macquarie Bank Ltd. in 1985, on February 28, when the Federal Treasurer gave it the license to be called the new name. It was only the second trading bank that was private privately owned and operated in all of Australia.

The bank started its operations in Australia when one branch opened in Sydney. Not long after, a new branch was opened in Melbourne for trading, followed by another trading branch in Brisbane.

By 29 July, 1996, it was quoted in the Australian Stock Exchange, and in October of the same year it was listed in the All Ordinaries Index of the Australian Stock Exchange. At that point it had approximately $1.3 billion of market capitalisation. It has risen up the ranks to be considered a leader in the financial and banking industries.

Back To Top

Was this content helpful to you? No  Yes

Read more on this topic

  • Hilton Macquarie Platinum Visa – Rates & Fees

    The platinum credit card from Macquarie features a rewards program from the Hilton HHonors and a balance transfer option.

  • Macquarie Bank Gold Credit Card – Rates & Fees

    The new Macquarie Bank Visa Gold Card is a unique gold card with a special introductory offer on balance transfers, combined with a rewards program which allows you to earn rewards points which are redeemable for flights on all major airlines. Benefit also from complimentary travel insurance, extended warranty on purchases and 90 day purchase protection insurance!

  • Macquarie Bank Visa PayWave Contactless Payment Technology

    The Macquarie Bank Visa Platinum Credit Card has recently become the official credit card of the Sydney Cricket Ground and Sydney Football Stadium. If you are Macquarie Bank Platinum credit card holder then you will get even more benefits. You get access to contactless payment technology and advantage lines technology at both the SCG and SFS. Read to find out more.

  • Macquarie Bank Platinum Credit Card Rewards Program

    One of the best rewards program is the Macquarie Bank Platinum Credit Card Rewards Program by Macquarie Bank Platinum Credit Card. This entitles the card holder various types of rewards ranging from gift cards and vouchers to movie passes which you can access simply by redeeming points you earned by using your card.

  • Macquarie Visa Platinum Rewards Program

    The Macquarie Visa Platinum Card offers some of the most comprehensive benefits that Australians can enjoy on their credit cards. In addition to low annual fees and competitive interest rates, the Macquarie Visa Platinum Card offers a unique Rewards program. Every time you purchase something using your card, points are accumulated. These points can then be exchanged for a wide range of goods and services.

  • Maximise Your Rewards Points with A Macquarie Bank Visa Platinum Card

    The Macquarie Bank Platinum Visa Card enables you to earn a very high 1.25 points for every dollar you spend making this card one of the best value Platinum Cards available.

  • Macquarie Bank Credit Cards FAQ: Complete Guide To Your Macquarie Bank Credit Card

    If you have any questions about Macquarie Credit Cards, this guide and series of frequently asked questions will no doubt have the answers you need.

  • Macquarie Bank Visa Platinum Credit Card – Details & Application

    The Macquarie Bank Visa Platinum is an excellent platinum credit card with some exclusive perks that you won’t find with any other credit card.

  • Macquarie Bank Visa RateSaver Credit Card – Rates & Fees

    Now there’s a low rate credit card with a touch more style. Backed by the strength of Macquarie Bank and the global reach of Visa, the new Macquarie Bank Visa RateSaver is a card you’ll be happy to take out!



Ask a Question

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

4 Responses to Macquarie Bank Credit Cards

  1. Default Gravatar
    Gleno | September 9, 2014

    I currently have a Founding Member Platinum Visa Card and want to know what your best offer interest rate would be if I wish to do a Balance Transfer to this account?

    • Staff
      Shirley | September 10, 2014

      Hi Gleno,

      Thanks for your question.

      At the time of writing, the BT offer for the Macquarie Bank Platinum Visa is 5.99% p.a. for 9 months.

      If you’d like, you can compare more offers on this page.

      Cheers,
      Shirley

  2. Default Gravatar
    Richard | August 16, 2013

    What is the minimum amount of income required to apply for a card?

    • Staff
      Jacob | August 16, 2013

      Hi Richard.

      There are number of credit cards, the each currently have a minimum income requirement of $50,000 per annum. You will have to apply direct through the Macquarie website.

      Thanks for your question.

      Jacob.

Credit Cards Comparison

Rates last updated October 23rd, 2014
Interest rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
ANZ Low Rate
ANZ Low Rate
A low rate on purchases, balance transfer and a low annual fee. 13.49% p.a. 0% p.a. for 16 months $58 p.a. 21.74% p.a. Go to site More info
Citi Simplicity Card
Citi Simplicity Card
$0 annual fee credit card with a long term balance transfer offer. 19.99% p.a. 0% p.a. for 12 months $0 p.a. 19.99% p.a. Go to site More info
HSBC Platinum Credit Card
HSBC Platinum Credit Card
Earn rewards points plus a balance transfer offer. Access to prestige services including a personal concierge service and VISA Platinum reward program. 19.99% p.a. 0% p.a. for 8 months $0 p.a. 21.99% p.a. Go to site More info
Westpac Low Rate Card
Westpac Low Rate Card
A low interest rate credit card with a low annual fee and balance transfer offer. 12.49% p.a. 0% p.a. for 14 months $45 p.a. 21.49% p.a. Go to site More info
HSBC Credit Card
HSBC Credit Card
No annual fee for the life of the credit card. Plus a low balance transfer offer. 17.99% p.a. 0% p.a. for 6 months $0 p.a. 21.99% p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
feedback