Macquarie Visa Platinum Credit Card

Updated 3 October 2024

Earn up to $23.50 in gift cards when you spend $5,000 per month on your Platinum card with Macquarie Rewards. Pay $0 on international transaction fees, online and in-person when you travel plus, get complimentary overseas and domestic insurance covers for you, your spouse and dependant children, and get a range of platinum perks.
T&Cs apply.

Earn up to $23.50 in gift cards when you spend $5,000 per month on your Platinum card with Macquarie Rewards
Earn 1.25 Macquarie Reward Points for every $1 spent
$149 annual fee
4 Free additional card holders
Complimentary overseas and domestic travel insurance
Extended warranty and premium insurance covers
$0 international transaction fees on purchases
Eligible with Apple Pay and Google Pay

Macquarie Reward points are earned on up to $200,000 of spend annually on the Macquarie Platinum Card

Macquarie Visa Platinum 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 Macquarie Reward Points

What we love...

You'll earn 1.25 Macquarie Reward points per $1 spent on purchases up to a total of $200,000 each year. If you spend $3,100 per month on your Platinum card, you can earn up to $20 in gift cards with Macquarie Rewards. You can check your points balance by signing into your account via the Macquarie Mobile Banking app or Macquarie Online. This is also where you redeem your points. So, what can you get?

Unlike many rewards programs out there, Macquarie Rewards seems to be fairly limited in its points redemption options. According to the bank’s site, you can redeem points for egift cards with popular brands such as Myer, Woolworths and Amazon, or exchange your points for cashback. Unfortunately, without a Macquarie account, we are unable to offer any info on how much you would receive in gift card or cashback value on your points.

So, how much will you pay to keep this card in your wallet? The annual card fee is $149 p.a. and the card does allow up to four additional cardholders with no annual fee, letting cardholders boost their spending power and their points earn.

What’s not so great...

Talking of interest, the Macquarie Platinum Card with Macquarie Reward Points is most definitely not a low rate card. With a relatively high rate on both purchases and cash advances, it’s best to avoid interest accruing by shunning the cash advance feature, and clearing your balance by the due date each month to take advantage of the card’s interest free feature (up to 55 days interest free on purchases).

Be aware that you can't apply for this card unless you are pairing it with a Macquarie home loan or be a Private or Business Bank client.

Why should you choose this card?

If you are looking for a card that earns points on a fairly straightforward rewards program, the Macquarie Platinum Card with Macquarie Reward Points may just be for you. Aside from offering you the opportunity to earn a nice selection of gift cards and cashback, the card also provides a platinum concierge service, access to Visa Entertainment, Apple Pay and Google Pay, peace of mind with Overseas Travel Insurance for you, your spouse, and any dependent children, Interstate Flight Inconvenience Insurance, and Extended Warranty Insurance on your card purchases.

You also won't pay international purchase fees when you shop online with international retailers or when you're buying in-store. You'll also get the Visa foreign exchange rate with no extra fees or charges, which can help keep your overseas spending costs down.

Overall Rating

Offering a generous range of offers and extras, the Macquarie Platinum Card with Macquarie Reward Points is a decent traveler's rewards card that can make local and overseas travel cheaper.

Macquarie Visa Platinum Credit Card ( based on 3 Creditcard.com.au user reviews )

19%

Rates

33%

Fees

38%

Rewards

33%

Customer Service

28%

Value

30%

100% of users who have rated this card would recommend it

30%

overall user rating (3 reviews )

100% of users who have rated this card would recommend it

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Sashi

9 November 2024

Does my CC have International travel, medical and rental car Insurance, what is the access for rental car please if it does have

Pauline

12 November 2024

Hi Sashi, upon checking on our end, I’ve seen that it does include International Travel Insurance, which lists Overseas Medical Emergency Expenses as part of its cover. It also includes Rental Vehicle Excess Insurance within Australia (you can read about eligibility and specific excess cover in the insurance PDS). It doesn’t offer standalone medical insurance. Thanks Sashi!

Jannatul Nomani

30 October 2024

I want to close my credit card

1 November 2024

Hi Jannatul, you can contact Macquarie directly at 1800 620 673.Thanks!

Ash

15 October 2024

I note that your credit card complimentary travel insurance only covers a spouse and dependent. Does a spouse include a defacto partner?

22 October 2024

Hi Ash, I checked the Insurance PDS and confirmed that "spouse" does indeed include a de facto partner. Thanks!

Dorothy Ditton

1 July 2024

Can’t find Macquarie platinum visa acc details(original Myer Visa card) wish to pay Myer account due! Thanks

5 July 2024

Hi Dorothy, please contact Macquarie directly at 1800 442 370 to get your account details.

jodie weber

27 May 2024

could i please have an up to date statement on my Myer credit card for my home loan jodie weber 23 llewellyn st oatley nsw 2223 0416295747

31 May 2024

Hi Jodie, you’re on Australia’s leading credit card comparison site, Creditcard.com.au. You can contact Myer directly at 13 69 37 for your request.

Alex

22 May 2024

Does the Macquarie Visa Platinum credit card offer travel insurance? I was told that it is available. Thanks.

23 May 2024

Hi Alex, you’ve heard correctly! The Macquarie Rewards Platinum card does in fact have travel insurance included in the card’s features. You can check the Macquarie Platinum card insurance T&Cs PDS for more information on eligibility, coverage, and some of the general exclusions.

Will Reichel

18 April 2023

Hello , I have been researching a lot to find a credit card that best suites me. I am looking for something that has pretty good flight benefits without foreign transaction fees which seems to be harder to find than I initially thought. Do you have any suggestions? I have found a few but they don't have the best online ratings. Thank you!

19 April 2023

Hi Will, it’s actually rare to find credit cards that offer both flight and no foreign fee features together, but there are some options you can consider (aside from the ones you already have in mind). The catch is that you’ll earn points but pay foreign fees, so you’ll need to do the math on whether you’re OK with that. One option is to look for travel credit cards that are designed for travellers and offer perks such as airline miles or points, airport lounge access, and travel insurance. Some of these cards may also have no foreign transaction fees, making them a good choice if you plan to use your card for international purchases. Another option is to consider rewards credit cards that offer points or cashback on your everyday spending, and then use the rewards to offset travel expenses. These types of cards may also have flexible redemption options, including travel rewards. Best of luck in finding the best card for your needs!

Christine McCain

19 January 2023

I have a platinum visa card & wish to view online however I am unable to

20 January 2023

Hi Christine, you’re currently on Creditcard.com.au, a website that provides information on a range of different credit card options. To contact Macquarie directly, you can call them at +61 2 8232 3333 or visit their website directly.

[email protected]

16 June 2022

Can you use the points from Macquarie platinum visa card on flight purchases?

17 June 2022

Hi there, I see that Macquarie Rewards points can be redeemed for eGift cards at their partner retailers like Jetstar, Myer, Woolworths, and more. You can check their official Macquarie Marketplace for more offers.

Louise Watkins

9 March 2021

what is the billing cycle for this card? That is, is it by the calendar month or from the date you received the card?

Roland

10 March 2021

Hi Louise, the billing cycle starts when your account is opened, not by the calendar month. For example, if you open an account on 3 December, your first billing cycle will be 3 December - 2 January, and then 3 January - 2 February and so on.

Neville Roberts

28 February 2017

What is the transfer rate from Macquarie points to Qantas FF Qantas points

1 March 2017

Hi Neville, I am not sure of the transfer rate but there is a straight earn rate on this card. You get 1.25 Macquarie Reward Points per $1 spent or 1 Qantas Reward Point per $1 spend up to $2,500 per statement period, and 0.5 Qantas Point per $1 spend thereafter.

armando rigo

4 September 2014

I have a Platinum card and want to change my Pin . How do I do it??

5 September 2014

I am not sure with Macquarie but typically you should be able to logo into your internet banking with them and update the PIN. If you cant find anywhere then give customer service a call, its possible that this function is done over the phone.

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Macquarie Visa Platinum Credit Card

The Macquarie Platinum Card with Macquarie Reward Points

What we love...

What’s not so great...

Overall Rating

Rates

Fees

Rewards

Customer Service

Value

100% of users who have rated this card would recommend it

100% of users who have rated this card would recommend it

Macquarie Visa Platinum Credit Card

Key features

Recently Asked Questions

12 questions (showing the latest 10 Q&As)

Sashi

Pauline

Jannatul Nomani

Pauline

Ash

Pauline

Dorothy Ditton

Pauline

jodie weber

Pauline

Alex

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Will Reichel

Pauline

Christine McCain

Pauline

[email protected]

Pauline

Louise Watkins

Roland

Neville Roberts

Roland

armando rigo

Roland

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