Macquarie Visa RateSaver Credit Card

My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
All banks
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Offer
Card features
balance transfer
purchase rate
annual fee
Money saved
Macquarie Visa RateSaver Credit Card
0% p.a. balance transfer for 14 months.
Low rate of 15.95% p.a. on purchases.
Up to 55 days on purchases.
Add to comparison
14 months
0% p.a.
then 15.95%
15.95% p.a.
ongoing
$69
ongoing
 
saved over 14 months
Similar cards

Pros & cons

What's good?

What's not so good?

0% p.a. on balance transfers for 14 months.
You can use up to 95% of credit limit for a balance transfer.
15.95% p.a. on purchases.
Up to 55 days on purchases.
A credit range from $2,000 to $50,000.
Up to 8 additional cardholders.
Comes with Apple Pay.
There is a $10 p.a. fee for each additional cardholder.
Has a $35 late payment fee.

The basics

About this card

Card setup
Single
Card tier
Standard
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
$Same as standard
Pensioners
Rewards program
None
Temporary residents
N/A

Cardholders

Additional cardholders
8
Additional card fee
$10 p.a.

Credit limits

Minimum credit limit
$2,000
Maximum credit limit
$50,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.14 months0%95% of credit limit15.95% 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 RateSaver 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 15.95% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.83% 21.95% p.a.
Purchases 1.33% 15.95% p.a.

Fees

Annual fee
$69 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

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
Age Pension, Disability Pension and Veteran's Pension are acceptable.
Overseas Pension and Widower's Pension are not acceptable.
Child Support Payments is acceptable.
Austudy, Carer's Allowance, Family Tax Benefits and Parenting Payments, Foster Care Allowance and Youth Allowance are not acceptable.
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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