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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
    Previous
    Next

    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.

    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
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    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
    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.

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    nski
    nskiSydney

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

    published
    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

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