Macquarie Platinum Card with Qantas Rewards – Rates & Fees

Information verified correct on September 23rd, 2016

Receive 40,000 bonus Qantas Points and earn 1 Qantas Point per $1 spent on everyday purchases. Also receive 0% p.a. on balance transfers for 14 months.

The Macquarie Platinum Card with Qantas Rewards gives you the ability to earn rewards in accordance to how much you spend, and it charges an introductory 0% p.a. balance transfer rate for 14 months. This card comes with a number of complimentary travel and purchase insurance covers, it provides cardholders round-the-clock access to a concierge service, and you stand to get as many as 55 interest-free days on purchases.

Product NameMacquarie Platinum Card with Qantas Rewards
Rewards ProgramQantas Frequent Flyer
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 ($249 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.
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 Cover3 months
Available To Temporary ResidentsNo
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.
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.
Annual Fee$99 p.a. annual fee for the first year ($249 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, whichever is the greater
Foreign Currency Conversion Fee (VISA)3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders4
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
  • Receive a balance transfer rate of 0% p.a. for 14 months from credit card approval.
  • Purchase rate will apply for the remaining balances after the promotional period ends.
Rewards ProgramQantas Frequent Flyer
Bonus Points on Sign-up40,000
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (VISA/MC) Cap2,500
Points ExpiryNever

Macquarie Platinum Card with Qantas Rewards review

If you’re looking for a credit card that comes linked to the Qantas Frequent Flyer Program while also offering a promotional rate on balance transfers, this platinum card provided by Macquarie requires your attention. What also helps is that you can access a concierge service at any time of the day or night, and that you can make use of various complimentary insurance covers.

Benefits of the Macquarie Platinum Card with Qantas Rewards

      • Balance transfer offer. Upon the opening your credit card account you get the ability to use this card to transfer balances from existing cards and save, owing to this card’s 0% p.a. introductory balance transfer rate that stays in place for 14 months from the date of the card’s approval.
      • More Qantas Points. Enjoy 40,000 bonus Qantas Points when you are approved for a Macquarie Platinum Card with Qantas Rewards and spend $2,000 within 60 days of approval. Every dollar you spend on eligible Qantas products and services earns 1 Qantas Point, and every dollar you spend on other eligible purchases earns 1 Qantas Point. You can redeem your Qantas Points for flight rewards, flight upgrades, as well as a variety of merchandise through the online Qantas Store.
      • Complimentary insurance covers. As a Macquarie Platinum cardholder you get a range of complimentary insurance covers. When you make purchases using this card they receive cover through purchase security insurance and extended warranty insurance. If you use this card to pay for travel, you get cover through interstate flight inconvenience insurance, overseas travel insurance, and transport accident insurance.
      • Concierge service. Access to the Visa Concierge service is free for platinum cardholders, and you can use this service to book flight tickets, get tickets to different kinds of events, look for a local business, organise gifts, and more.
      • Android Pay. Tap and pay with Android Pay on your Macquarie credit card. When you’re ready to pay, all you need to do is wake up your phone and place it near the contactless terminal.

Macquarie Platinum Card with Qantas Rewards features

  • Annual fee. To avail of the benefits this card has to offer, you have to pay an ongoing annual fee of $249.
  • Balance transfer offer. This card charges no interest on transferred balances for the first 14 months, and this can lead to significant savings in a relatively short period.
  • Rewards. When you use this card to make eligible purchases you earn Qantas Points that credit to your Qantas Frequent Flyer Program account. If you’re not an existing Qantas Frequent Flyer Program member, you might have to pay a joining fee, and you have to pay an ongoing annual fee of $50. You can earn a maximum of 200,000 Qantas Points from spending per year.
  • Interest-free days. You have to pay the account’s closing balance in full every month to avail of up to 55 interest-free days on purchases.
  • Complimentary insurances. You get complimentary travel insurances when you use this card to book travel tickets, and products bought using this card receive complimentary purchase covers.
  • Concierge service. This global 24/7 concierge service can provide assistance in spheres like dining, entertainment, business, and travel.
  • Additional cards. You can get up to 4 additional cards for family members and friends, and you don’t have to worry about paying any additional card fee.
  • Card security. An online 24/7 account monitoring system provides protection against fraudulent use of your card, and you also receive protection through Visa’s Zero Liability policy.

How to apply for the Macquarie Platinum Card with Qantas Rewards

You can apply online or you can speak to a Macquarie credit card specialist over the phone. To apply online, simply click on the ‘Go to Site’ button.
Eligibility criteria:

      • You’re at least 18 years of age
      • You’re a permanent Australian resident
      • Your annual taxable income is at least $50,000
      • You don’t have poor credit history

Required documents:

      • Personal details like your date of birth, driver’s license number, and number of dependents
      • Your employer’s phone number and address
      • Your gross annual salary and monthly expenses
      • You accountant’s contact details, if you’re retired or self-employed

While this credit card enables you to earn Qantas Points and comes with a balance transfer offer, so do some other cards, so take some time to compare a few similar ones before applying.

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2 Responses to Macquarie Platinum Card with Qantas Rewards – Rates & Fees

  1. Default Gravatar
    Donn | June 12, 2015

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

    • Staff
      Jonathan | 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.



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Rates last updated September 23rd, 2016
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* The credit card offers compared on this page are chosen from a range of credit cards 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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