1 photo
Macquarie Bank Platinum

Macquarie Bank Platinum

Qantas Rewards, Macquarie Rewards
2.1 from 13 reviews · View Statistics
See the Best Frequent Flyer & Travel Credit Cards in 2021 as rated by Australians on ProductReview.com.au.
Listing monitored by Macquarie Bank

Pros

  • 0% p.a. balance transfer for 14 months

  • No international transaction fees

  • Some Travel and Purchase insurances included

Cons

  • Need to spend ~$3,200 to receive a $20 gift card

Details

Compare both Macquarie Bank Platinum
Pros
  • Receive 20,000 bonus Qantas Points when you spend $2,000 on eligible purchases within 60 days of approval

  • 0% p.a. balance transfer for 14 months

  • No international transaction fees

  • 0% p.a. balance transfer for 14 months

  • No international purchase fees

  • Some Travel and Purchase insurances included

Cons
  • Need to spend ~$3,200 to receive a $20 gift card

  • Need to spend ~$3,100 to receive a $20 gift card

CategoryCredit Cards, Frequent Flyer & Travel Credit Cards, Balance Transfer Credit Cards and Rewards Credit CardsFrequent Flyer & Travel Credit Cards, Balance Transfer Credit Cards and Rewards Credit Cards
Card TypeVisaVisa
BenefitsComplimentary Travel Insurance, No Foreign Transaction Fee, Reduced First Year Annual Fee and Sign-Up Bonus Points OfferComplimentary Travel Insurance, No Foreign Transaction Fee and Sign-Up Bonus Points Offer
Minimum Credit Limit $6,000$6,000
Minimum Income $50,000$50,000
Additional Cardholders 44
Additional Cardholder Fee $0 p.a.$0 p.a.
Rewards ProgramQantas Frequent FlyerMacquarie Rewards
Points Earn Rate 1 points per $11.25 points per $1
Points Conditions
  • 1 Qantas Point per $1 spent on eligible purchases up to $1,000 spend per statement period
  • 0.5 Qantas Points per $1 spent after the first $1,000 per statement period

Points are capped at $200,000 of eligible spend annally.

  • 1.25 Macquarie Reward Points per $1 spent

Points are capped at $200,000 of spend annually.

Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay and Google PayApple Pay, Fitbit Pay, Garmin Pay and Google Pay
Rates & Fees
Purchase Rate20.70% p.a.20.70% p.a.
Late Payment Fee$35$35
Annual Fee$249 p.a.$99 p.a.
Foreign Transaction Fee 0%0%
Overseas ATM Withdrawal Fee$5$5
Interest Free Period 55 days55 days
Cash Advance Rate20.70% p.a.20.70% p.a.
Introductory Offers
Sign-Up Bonus

Receive 20,000 bonus Qantas Points when you spend $2,000 on eligible purchases within 60 days of approval.

Receive 20,000 Macquarie Reward points when you spend $2,000 on eligible purchases within 60 days of approval.

Reduced First Year Annual Fee $99$99
Balance Transfer Rates
Balance Transfer Period 14 months14 months
Balance Transfer Rate 0% p.a.0% p.a.
Release dateOct 2008
Compare both Macquarie Bank Platinum
Visit official website

Reviews

2.1
13 reviews
  • Transparency
    4.5 (2)
  • Customer Service
    4.0 (2)
  • Rates and Fees
    4.5 (2)
  • Rewards
    4.5 (2)
  • Online Experience
    4.5 (2)
  • Application Process
    4.5 (2)
Previous
Next
Jo L
Jo L
  • 2 reviews

Great credit card

published

The Macquarie card is a good looking card that come decent benefits. May not be the best value for the annual fee, but it's decent free one that comes with their home loan. It comes with international and domestic travel insurance, many other policies only cover overseas travel. The card paired with their app is incredible. Instant notification of any spend on your card. The app is also great for budgeting as it can seperated your spending between categories like food, transport, finance, bills etc. Down side of this card is the capped 1:$1 qantas points.

Incentivised Review No
Vic Ya
Vic YaGreater Melbourne (Metropolitan), VIC

No currency conversion fees

published

Signed up for this card with a good Qantas frequent flyer points sign up bonus and will be keeping it for its no foreign transaction / currency conversion fees with all my international purchases.

Transparency
Customer Service
RLCD09
RLCD09Sydney, NSW
  • 9 reviews

Great card for everyday use

published

This is a great visa card that earns Qantas frequent flyer points. The Macquarie banking app is first class so it's easy to monitor spend and pay bills. I definitely recommend if you are looking for a card for everyday use.

Transparency
Customer Service
Frequent Flyer & Travel Credit Cards

Find out how Macquarie Bank Platinum compares to other Frequent Flyer & Travel Credit Cards

Know better, choose better.

Compare all

Applied for Macquarie Hilton Platinum card purely for automatic Gold Status

published

However found out 2 months later still not upgraded to Gold and had to call multiple times for them to understand what i am talking about and they even fwd me to Hilton who had no idea either. Finally had to get it escalated for accounts team to follow up and still waiting on resolution and my holidays are coming soon so hope its resolved before that. Call centre staff have no idea about this Hilton.

Terrible dealing with customers in hardship

published

Macquarie credit cards are really intrusive and unhelpful. The service is very poor. Member benefits are terrible and the card is way too expensive.

Related Articles

Previous

How to get in front of credit card debt with a credit card balance transfer.

Credit card balance transfers are becoming an increasingly popular way for people with growing credit card debts to manage their finances. But are they really a magic bullet? We're going to look at the ins and outs of credit balance transfers, so you can find the best way to manage credit card debt and get your finances back in the black.

Nathan S.
Nathan S.12 Nov 2019
how-to-get-in-front-of-credit-card-debt-with-a-credit-card-balance-transfer

Best Super Funds in 2020!

A good super fund can make a substanial difference to the amount you retire with. From retail super funds to self managed super funds, view reviewer ratings for the best super funds of 2020!

Wendy Z.
Wendy Z.7 Nov 2019
best-super-funds-in-2020

Best Credit Cards in 2020!

Whether it's the sign up bonus, rates and fees, or reliable customer service that you look for in a credit card, a credit card is often used everyday, so it's important you choose one that meets your needs and that you're happy with. These are the best credit cards this year, as decided by ProductReview.com.au reviewers.

Wendy Z.
Wendy Z.19 Nov 2019
best-credit-cards-in-2020
Next

Terrible processes and service

published

Overly long and complex procedures, and call centre service unhelpful. The only good thing is their call centre usually picks up. Would not go there again.

AEC
AECMetropolitan Adelaide, SA
  • 3 reviews
  • 14 likes

Worst experience ever

published
LaNZ
LaNZSydney
  • 40 reviews
  • 32 likes

Call centre is in Manilla and is inefficient, website is terrible, too many different departments

published
SarahG
SarahGSydney
  • 25 reviews
  • 7 likes

Archaic

published
Frequent Flyer & Travel Credit Cards

Find out how Macquarie Bank Platinum compares to other Frequent Flyer & Travel Credit Cards

Know better, choose better.

Compare all
nicoel
nicoelGreater Melbourne (Metropolitan), VIC
  • 2 reviews
  • 1 like

TERRIBLE

published

There are better credit card providers out there. As the credit card came with my loan, I was not aware that it was not cancelled when I refinanced. They did not provide me with new login details to check my outstanding amounts (which I assume it was taken care off when the refinance occurred). It accrued interest (obviously) and did not bother to contact me for outstanding payment. Called customer care, they only transferred me to 5 other people. Not worth it.

nski
nskiSydney

Understand what "eligible" purchases means before you apply for the Qantas Freq Flyer bonus points

published

Good

published

macquarie bank is a stable financial institution which provides excellent customer service however lacks compared to other banks when it comes to branch offices & competing interest rates, while i realise the global financial crisis does not help, it would be nice to see macquarie return to where it was in the middle of 2008
founding member benefits
4 free additional card holders
still a high yearly fee $200
no founding member benefits yet in WA

Neecy1406
Neecy1406
  • 6 reviews
  • 1 like

Terrible

published

I got this card as they told me it would cover vehicle rental excess up to $5000 in Australia. Just purchase car rental on card to activate. The insurance company says it is only for interstate travel if you purchase the return airflights on the card. Rang Macquarie Bank to check they told me we dont cover vehicle excess, I corrected them, so they checked and then gave me the same story as the insurance company, then sent me an email stating they dont its only international travel. Useless! Dont trust what they say as no one seems to know what they are talking about, I still dont know what I am covered for, neither do they.
It has a reward system and insurances included
No one seems to know exactly what their product covers

Questions & Answers

Sorry, there are no questions yet.

Get an answer from our members and Macquarie Bank representatives

Macquarie Bank Platinum

ProductReview.com.au has affiliate partnerships. These do not influence our content moderation policies in any way, though ProductReview.com.au may earn commissions for products/services purchased via affiliate links.