Macquarie Visa Platinum Qantas Rewards Credit Card

My monthly spend: 
$5,000
 
Offer
Card features
Rewards program
Earn rate
Sign up bonus
Points earned
Earn 1 pt per $1 spent on eligible purchases.
Earn 40,000 points when you spend $2,000 in 2 months.
Up to 4 additional cards with no annual fee.
Add to comparison
Macquarie Qantas Rewards
Macquarie Qantas Rewards
1 pt
per $1 spent
-
 
in 12 mths (approx.)
Similar cards

Pros & cons

What's good?

What's not so good?

Earn 1 pt per $1 spent on eligible purchases.
Earn 40,000 points when you spend $2,000 in 2 months.
Earn 1 pt per $1 spent on eligible purchases for up to $2,500 per statement period. Reverts to 0.5 pts per $1 spent thereafter.
0% p.a. for 14 months on balance transfers.
Use up to 95% of credit limit for a balance transfer.
Credit limits start from $6,000.
Up to 4 additional cards.
Range of complimentary insurances covering travel and purchases.
Visa payWave enabled.
Comes with Apple Pay.
A second year annual fee of $249 p.a.
Applicants must earn more than $50,000 each year.

User reviews

3.8 out of 5.0 based on 2 reviews50% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Good online account management

Reviewed and recommended by Adrian on 24 Sep 2016

Great-looking card with reasonable annual fees.

The biggest benefit is the great online account management facility, and the mobile apps. You can log in just using a stored fingerprint and be able to see all spend categories, to help track outgoing payments. Clear and easy-to-use menu systems and graphical user interface.

Downgraded the points you collect :(

Reviewed and not recommended by Luc on 30 Sep 2016

A few months ago they slashed the points from 1 to 1 to 0.5 per dollar spent. You earn no points for ATO debt payment etc. This has prompted me to shop around for a new card. Why do these greedy banks who charge 20% interest do this? Greed!

Furthermore they have just updated their online banking platform. Call me simple, but i find their graphic user interface too complicated. I suggest they keep it simple, and have this available in the background for the data-hungry users.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Single
Card tier
Platinum
Card type
Visa
Card use
Personal
Credit rating
Good
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$50,000
Minimum income for pensioners
N/A
Pensioners
N/A
Rewards program
Macquarie Qantas Rewards
Temporary residents
N/A

Cardholders

Additional cardholders
4
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$6,000
Maximum credit limit
N/A

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
2.5%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.14 months0%95% of credit limit20.70% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
95% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the Macquarie Visa Platinum Qantas Rewards Credit Card at the promotional balance transfer rate from:

  • Jetstar
  • Macquarie Bank

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.14 months0%95% of credit limit 20.70% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.83% 21.95% p.a.
Purchases 1.73% 20.70% p.a.

Fees

Annual fee
$99 p.a.
Annual fee 2nd year
$249 p.a.
Cash advance fee
3%
Dishonour fee
$10
Duplicate statement fee
$2.50
Foreign exchange fee
3%
Late payment fee
$35
Over limit fee
$30
Overseas ATM balance fee
N/A
Overseas ATM withdrawal fee
N/A
Overseas emergency card replacement fee
N/A
Transaction verification fee
$8

Rewards & points

Rewards program basics

First purchase bonus
40,000 points
Reward points expiry
N/A
Rewards program
Macquarie Qantas Rewards
Spend required for bonus points
$2,000 in 2 months

Earning points with this card

Frequent flyer points
1 pt per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
N/A
Points cap per year
200,000
Points earned on ATO payments
N/A
Reward points
1 pt per $1 spent

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
Yes

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $50,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Disclaimer: The minimum criteria pointers are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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