- 20,000 bonus Qantas Points when you spend $2,000 within 60 days of approval
- Earn 1 Qantas Point per $1 spent on eligible purchases on up to $1,000 spend per statement period, then 0.5 Qantas Points per $1 spent
- No international transaction fees
- 0% p.a. for 14 months on balance transfers from card approval
- 4 Free additional card holders
- $99 annual fee
- Complimentary insurance covers including extended warranty and premium insurance covers
- Eligible with Apple Pay
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Macquarie Bank Credit Cards
Discontinued: Macquarie Visa Platinum Qantas Credit Card
Updated 18 August 2022
This card is no longer available for application. This information has been left for those who still have the card or were previously interested
Enjoy 20,000 bonus Qantas Points when you spend $2,000 within 60 days of card approval and redeem them for travel, shopping, and other great reward options. Save with 0% p.a. balance transfer for 14 months, $0 international transaction fees plus a range of complimentary insurance covers. T&Cs apply.
Points Earn Rate (per $1 spent)
1 point
Capped at $1000, then 0.5 pts per $1 spent
Rewards Program
Qantas Frequent Flyer
Bonus Points
20,000 pts
Spend $2,000 within first 60 days
Pros and cons
- High interest rates on purchases and cash advances
Creditcard.com.au review
Editor Review
Discontinued: Macquarie Visa Platinum Qantas Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Macquarie Platinum Card with Qantas Points
Giving new cardholders a boost to their points earning, the Macquarie Platinum Card with Qantas Points is currently offering 20,000 bonus Qantas Points when they spend $2,000 within the first 60 days. Also on offer up to four free additional cardholders, complimentary insurance covers, and access to a Platinum Concierge Service.
What we love...
Bonus points are pretty exciting, so let’s start there. When you apply and are approved for the Macquarie Platinum Card with Qantas Points, you can earn 20,000 bonus Qantas Points simply by spending $2,000 on the card within the first 60 days. Considering the places you could go on 20,000 Qantas Points, we think this is a pretty good deal indeed.
Ongoing, the card also offers a decent earn rate, although it does feature points shaping after the first $1,000 spent per statement period. You will earn:
- 1 Qantas Point per $1 spent on eligible purchases up to $1,000 spent per statement period,
- 0.5 Qantas Points per $1 spent on eligible purchases for the remainder of that statement period,
- 1 additional Qantas Point on selected Qantas products and services.
So, how much will the card cost you? When comparing rewards cards, it’s always important to weigh the value of the points you will earn against the cost of the card’s annual fee of $99.
Helping you to earn points faster, you can add up to four additional cardholders to the account at no extra cost. While that points shaping still applies, earning extra points on additional cardholder spending could certainly offer more value on this card.
Before we move on to the card’s extras, we should also point out the Macquarie Platinum Card with Qantas Points is currently offering 0% p.a. on balance transfers for 14 months. This is an awesome balance transfer offer, but it’s worth bearing in mind that with a rewards card, you spend to earn points. You would need to work hard to pay off those new purchases alongside your transferred balance to really make the most of the offer.
What’s not so great...
As with most platinum cards – especially platinum rewards cards – the Macquarie Platinum Card with Qantas Points has a high rate of interest on both purchases and cash advances. But, as long as you clear your balance before it starts accruing interest, you can avoid these higher rates. This will make it easier to find value in the rewards on offer too.
Why should you choose this card?
If you want to earn Qantas Points on your card spending, the Macquarie Platinum Card with Qantas Points could be the ideal option for you. You can enjoy a nice boost to your points balance with the card’s bonus points offer, and depending on your card spend, you could see real value in your points earn as well.
If platinum perks are your thing, this card offers a few nice extras, including complimentary insurance cover, offering Overseas Travel Insurance for you, your spouse and any dependent children, Interstate Flight Inconvenience Insurance to cover meals or clothing, and Extended Warranty Insurance on your purchases. Read the PDS for full info.
As a cardholder, you will also have access to Macquarie Bank’s concierge service, available 24 hours a day, seven days a week. Whether you want to book tickets on Broadway, or reserve a table in the hippest restaurant in Berlin, your concierge could make that happen. You can also benefit from access to Apple Pay for faster, easier payments with your synced device.
Overall Rating
Drawing you in with 20,000 bonus Qantas Points, the Macquarie Platinum Card with Qantas Points also offers 0% p.a. on balance transfers for 14 months, and a range of platinum perks.
User reviews
Rates and fees
Interest rates
Purchase rate 20.70% p.a.
Cash advance rate 20.70% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 14 months
Balance transfer revert rate 20.70% p.a.
Balance transfer from personal loan No
Balance transfer fee No fee
Balance transfer limit 100% less $500 of approved credit limit
Brands you can't balance transfer from Jetstar, Macquarie Bank
Credit limits
Minimum credit limit $6,000
Maximum credit limit N/A
Fees & repayments
Annual fee $99 p.a.
Additional cardholder fee Up to 4 - $0 p.a.
Foreign transaction fee 0%
Minimum repayment 2% or $50 whichever is greater (RateSaver); 2.5% or $50 whichever is greater (Platinum & Black)
Cash advance fee 3% or $5 (whichever is greater)
Late payment fee $20
Rewards and points
Rewards program
Rewards Program
Qantas Frequent Flyer
Bonus points 20,000 points
Annual points cap 200,000
Bonus points spend criteria Spend $2,000 within first 60 days
Earning points with this card
Qantas Rewards points 1 point per $1 spent
Points cap per month Capped at $1000, then 0.5 pts per $1 spent
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes
Flight Inconvenience Insurance Yes
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance Yes
Extras
Eligible with Apple Pay
Overview
Discontinued: Macquarie Visa Platinum Qantas Credit Card
The Macquarie Visa Platinum card offers 1 Qantas Point per $1 spent on eligible purchases on up to $1,000 spend per statement period, then 0.5 Qantas Points per $1 spent on eligible purchases for the remainder of that statement period. Get a number of other platinum benefits such as complimentary insurance and extended warranties, plus 4 free additional card holders. 20,000 bonus Qantas Points when you spend $2,000 within 60 days of approval.
Key features
- Earn 1 Qantas Point per $1 spent on eligible purchases on up to $1,000 spend per statement period, then 0.5 Qantas Points per $1 spent on eligible purchases for the remainder of that statement period
- $99 annual fee
- 4 Free additional card holders
- 0% p.a. for 14 months on balance transfers from card approval
- 20,000 bonus Qantas Points when you spend $2,000 within 60 days of approval
- Complimentary insurance covers including extended warranty and premium insurance covers
- $0 international transaction fees
- Eligible with Apple Pay
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Permanent resident of Australia
-
Minimum income of $50,000 p.a.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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