Macquarie Bank Visa Platinum Credit Card – Details & Application

Information verified correct on August 28th, 2015

Get exclusive access and invitations to selected events with the Macquarie Bank Visa Platinum Card

Boost your rewards benefits with high points-earning potential and a rewards program that offers an extensive range of travel bookings, experiences, vouchers/gift cards, entertainment and merchandise.

With a Macquarie Bank Visa Platinum Card you can travel the world in style and with peace of mind and confidence with a range of complimentary insurance.

Product NameMacquarie Bank Platinum Visa Card
Rewards ProgramMacquarie Credit Card Rewards Program
Balance transfer rate (p.a.)0% p.a. for 9 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$200 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you don't 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
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%
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
Credit Rating RequirementGood
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$200 p.a.
Minimum Monthly Repayment2.5%
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
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 $ spent (VISA/MC)1.25
Rewards Points per $ spent (AMEX)0
Rewards Points per $ (VISA/MC) Cap250,000
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Macquarie Bank Visa Platinum Card Review

Benefit from travelling with Platinum and never experience blackout periods or seat restrictions with your Macquarie Bank Visa Platinum Card. You can also choose to travel on your preferred airlines and if you have enough points you can redeem them to pay for the full cost of a flight, including taxes and fees.

Macquarie Bank Visa Platinum Card Features

If you have an existing credit card balance you can transfer all of it to the Macquarie Bank Visa Platinum Card for a 0% p.a. for 9 months. Included features:

  • Rewards points - You can earn up to 1.25 rewards points on every dollar you spend.
  • Balance transfer offer - Benefit from the 0% p.a. for 9 months balance transfer offer
  • Interest free days - Receive up to 55 interest free days on purchases.
  • Exclusive access - Get access to exclusive Founding Member offers and events.
  • Annual fee - For the annual fee of $200 p.a. you get to use a fabulous Platinum credit card.
  • Interest Rate on Purchases - Get 20.70% p.a. on purchases.
  • Interest Rate on Cash Advances - Get 21.95% p.a. on cash advances.
  • Additional cardholder - You can receive up to four additional cards for $0.
  • Security feature - Get extra security with an in-built anti-fraud chip.

Applying for Macquarie Bank Visa Platinum Credit Card

To be eligible for the Macquarie Visa Platinum Card, make sure you meet the following 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 per annum.

Macquarie Bank Visa Platinum Card owners get many privileges. Conditions do apply so be sure to read the small print.

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5 Responses to Macquarie Bank Visa Platinum Credit Card – Details & Application

  1. 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

  2. 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

Credit Cards Comparison

Rates last updated August 28th, 2015
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
St.George Vertigo Platinum
A platinum card with a low interest rate on balance transfers and purchases with a low annual fee.
0% p.a. for 3 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. 21.49% p.a. Go to site More info
NAB Low Rate Credit Card
Low ongoing interest rate on purchases and balance transfers.
0% p.a. for 12 months (reverts to 13.99% p.a.) 4.99% p.a. for 6 months $59 p.a. 21.74% p.a. Go to site More info
American Express Velocity Escape Card
Enjoy 7,500 bonus Velocity Points when you spend $300 within the first 3 months and up to 2.00 points for every dollar you spend, together with a $0 annual fee. Offer ends on 30 September 2015.
20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. Go to site More info
HSBC Platinum Credit Card
Earn rewards points plus a balance transfer offer. Access to Platinum benefits 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

* 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.

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