Macquarie Platinum Card – Details & Application

Information verified correct on July 27th, 2016

Enjoy 40,000 bonus Reward points and interest-free days with the Macquarie Platinum Card.

Manage your expenses and access a variety of exclusive extras with the Macquarie Platinum Card. Not only will you earn points on purchases, you can also earn 40,000 bonus Macquarie Reward points when you spend $2,000 within 60 days of approval. You can redeem these points for travel, gift cards, vouchers, experiences and more. You’ll also enjoy a reduced annual fee for the first year, a 0% p.a. for 14 months balance transfer offer and up to 55 interest-free days on purchases. Discover how you can apply for the card and take advantage of its benefits below.

Product NameMacquarie Platinum Card
Rewards ProgramMacquarie Credit Card Rewards Program
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$99 p.a. annual fee for the first year ($199 p.a. thereafter)
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 Repayment2.5% or $50 whichever is greater
Minimum Income$50,000
Card TypeVisa
Late Payment Fee$35
Foreign Currency Conversion Fee (VISA)3% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover4 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$50,000
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$99 p.a. annual fee for the first year ($199 p.a. thereafter)
Minimum Repayment2.5% or $50 whichever is greater
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$0 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes
Rewards ProgramMacquarie Credit Card Rewards Program
Bonus Points on Sign-up40,000
Rewards Points per $ (VISA/MC)1.25
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) Cap250,000
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Macquarie Platinum Card review

The Macquarie Platinum Card offers cardholders a number of perks. If you’re planning to use the card for purchases, you could benefit from interest-free days, the Macquarie Rewards program and bonus points offer that allows you to earn rewards as you spend. If you’re looking to repay a debt rather than spend, you can save on interest costs with a 0% p.a. for 14 months balance transfer offer. Plus, a reduced annual fee for the first year, range of complimentary insurances and a 24/7 concierge service are just some of the ways you can enjoy savings and convenience with this card.

Benefits of Macquarie Platinum Card

  • Bonus rewards points. You can earn up to 1.25 rewards points on every dollar you spend. These rewards can be redeemed for travel bookings, gift cards, vouchers, experiences, entertainment and merchandise. Plus if you spend $2,000 within the first 60 days of approval, you’ll receive 40,000 bonus points.
  • Balance transfer offer. Consolidate your debt and save on interest costs with a 0% p.a. for 14 months balance transfer offer.
  • Interest-free days. Receive up to 55 interest-free days on purchases when you repay your balance in full by the end of the statement period.
  • Complimentary insurances. Travel and spend with peace of mind thanks to complimentary Overseas Travel Insurance, Interstate Flight Inconvenience Insurance and Extended Warranty Insurance on your purchases.
  • 24/7 Concierge service. Enjoy the convenience of 24/7 Concierge Service as a platinum cardholder. Receive professional assistance to find the goods and services you need, whether you’re trying to book a restaurant reservation, find the perfect gift or secure tickets to an upcoming show.

Features of Macquarie Platinum Card

  • Annual fee. This card comes at the cost of a reduced $99 p.a. annual fee for the first year ($199 p.a. thereafter).
  • Interest rates. You’ll collect 20.70% p.a. on purchases and 21.95% p.a. on cash advances.
  • Additional cardholder. You can receive up to 4 additional cards for $0.
  • Security feature. Get extra security with an inbuilt anti-fraud chip.
  • Visa Entertainment. You’ll receive exclusive access to offers on music, movies, theatre and home entertainment with Visa Entertainment.

How to Apply for Macquarie Platinum Credit Card

To receive approval for this card, you’ll need to meet the following eligibility requirements:

Eligibility criteria

  • You are 18 years old or over
  • You are a permanent resident of Australia
  • You have a good credit rating
  • You must earn a minimum taxable income of $50,000 p.a.

The Macquarie Platinum credit card offers a number of perks and beneficial features, but it’s important to compare your options to find the right card for you.

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7 Responses to Macquarie Platinum Card – Details & Application

  1. Default Gravatar
    Johno | December 27, 2015

    Does the new Macqaurie Bank Black card offer airport lounge access passes

    • Staff
      Ysa | December 28, 2015

      Hi Johno,

      Thanks for your inquiry.
      Unfortunately, the Macquarie Bank Black Card does not offer complimentary airport lounge access.
      However, you may wish to check this page to compare other credit card options with free airport lounge passes.
      I hope this helps.

      Cheers,
      Ysa

  2. Default Gravatar
    Paul | January 30, 2015

    Can I deposit money into my credit card to make payment into the card account

    • Staff
      Jonathan | January 30, 2015

      Hi Paul,

      Thanks for your inquiry!

      Deposits into the account are available by the following methods; BPAY, Cheque, Direct Debit, Phone banking, Internet banking transfers, In branch and mail.

      I hope this helps!

      Cheers,

      Jonathan

  3. Default Gravatar
    Vikram | February 5, 2012

    how to apply this credit cad

    • Staff
      Jeremy | March 9, 2012

      Hi,

      This card is currently not available for application. Thanks.

      Cheers,
      Jeremy

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