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Macquarie RateSaver Card
Macquarie RateSaver Card

Macquarie RateSaver Card

Updated 25 March 2021

Purchase Rate (p.a)


Balance Transfer (p.a)

0% for 14 months No BT fee. reverts to 15.95% p.a.

Annual Fee (p.a)


$0 over 14 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. on balance transfers for the first 14 months. Reverts to the purchase rate.
  • Low purchase rate of 15.95% p.a.
  • $0 international transaction fees
  • Up to 55 days interest free on purchases
  • $69 annual fee
  • Eligible with Apple Pay

  • $10 annual fee for each additional cardholder review

Editor Review

Macquarie RateSaver Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of about this card.

The Macquarie RateSaver Card

An excellent option for anyone looking to pay down credit card debt, the Macquarie RateSaver Card is currently offering 0% p.a. on balance transfers for 14 months. For a reasonable annual fee, the card also offers up to 55 days interest free on purchases, access to Visa Entertainment and Apple Pay, all backed by dedicated client service available 24/7.

What we love...

If you have credit card debt you want to pay off, you’ve no doubt spent some time comparing balance transfer offers to see how much you could save by switching. With 0% p.a. on balance transfers for 14 months, the Macquarie RateSaver Card has one of the better offers in the market right now, giving new cardholders more than a year with no interest to pay on their transferred balance.

Another nice point to note on this offer is that there doesn’t seem to be a balance transfer fee to cover, helping cardholders save that little bit more. And, if you don’t manage to pay off your balance within the intro period, your balance will revert to the card’s purchase rate. This is much more appealing than balance transfers that revert to a card’s much higher cash advance rate.

Ongoing, the Macquarie RateSaver Card has plenty to offer cardholders, even if they are not in need of a balance transfer. For cardholders who clear their balance by the due date each month – and don’t have a balance transfer on their account – they can benefit from up to 55 days interest free on purchases.

In terms of ongoing interest, the card’s purchase rate is lower than average, but still not exactly low – despite the card being called a ‘RateSaver’. If you tend to carry a balance, you may want to look at cards offering a lower purchase rate. However, if you clear your balance, the purchase rate should not affect you, as you can take advantage of the card’s interest free feature.

As for fees, again, this is not low, but it’s not high either. But, you can choose to add additional cardholders to the account for a small fee per year, which can make organising the family finances a more efficient process.

What’s not so great...

This is a middle of the road low cost card. It doesn’t have a super low purchase rate or annual fee, but it can offer value if you make use of its features. You may find that you get sufficient value from the balance transfer offer alone, but whether you choose to keep the card in the long term will depend on whether you carry a balance, and whether you make good use of its extras.

Why should you choose this card?

While it may be a somewhat basic card, the Macquarie RateSaver Card is backed by dedicated customer support, available 24 hours a day, seven days a week. As a cardholder, you can also enjoy access to Visa Entertainment, providing exclusive offers on all things entertainment, from sporting events to the hottest gigs, as well as Apple Pay compatibility.

To be eligible for this card, you must be an Australian permanent resident, over the age of 18, with a good credit rating. You must also earn at least $50,000 per year, a minimum income requirement that is considerably higher than many other low rate cards in the market.

Overall Rating

With its excellent intro offer providing 0% p.a. on balance transfers for 14 months, the Macquarie RateSaver Card is certainly appealing, offering a decent purchase rate and annual fee, with a few nice features thrown into the mix.

User reviews

Macquarie RateSaver Card ( based on 2 user reviews )

49% rating based on 2 reviews

Customer Service

Scarlett Wheatley

28 January 2013

This card has a reasonably low interest rate and the BT is good if you can pay off your transfers fast. The annual fee is okay, but I wouldn't pay much more for what you're getting.

Recommends this card

Rates and fees

Interest rates

Purchase rate 15.95% p.a.

Cash advance rate 15.95% 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 15.95% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

Balance transfer limit 95% of approved credit limit

Banks you can't balance transfer from Jetstar, Macquarie Bank

Credit limits

Minimum credit limit $2,000

Maximum credit limit N/A

Fees & repayments

Annual fee $69 p.a.

Additional card holder fee $10 p.a.

Foreign transaction fee 0%

Minimum repayment

Cash advance fee 3% or $5 (whichever is greater)

Late payment fee $20

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No


Eligible with Apple Pay


Macquarie RateSaver Card

The Macquarie RateSaver credit card offers a low interest rate and limited features – designed as an everyday transactions card. Get up to 55 days interest free on purchases. Annual fee is $69 and an additional cardholder can be added for $10 per year.

Key features

  • 0% p.a. on balance transfers for the first 14 months. Reverts to the purchase rate.
  • Low purchase rate of 15.95% p.a.
  • $0 international transaction fees
  • Up to 55 days interest free period
  • Additional cardholder for $10 per year

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia

  • Minimum income of $50,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

5 questions (showing the latest 10 Q&As)

Kerrie Brown

Kerrie Brown

30 May 2018
Can I hook the rate saver card up to my Qantas frequent flyer card
John Bennett

John Bennett

22 April 2018
Hiw long does it normally take to be approved for a credit card
    Roland B Bleyer - Founder


    23 April 2018
    Hi John, 5-10 working days is a typically time frame for approval. Though this can vary on a range of factors.
Kelvin rethus

Kelvin rethus

18 September 2016
How do I apply
Grahame Bourne

Grahame Bourne

29 September 2014
How do I apply for it online?
    Roland B Bleyer - Founder


    30 September 2014
    Through the MacBank website -
Grahame Bourne

Grahame Bourne

29 September 2014
I have just spent the last 30 minutes trying to find an online application form for a Macquarie business credit card and am tearing out my hair by the roots. Where do I find this application form; I can find a personal application form but not a business one. Grahame Bourne
    Roland B Bleyer - Founder


    29 September 2014
    Ah Macquarie - yes they don't make it easy! I can only find personal credit card applications as well. I suggest you contact them directly -

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