- Low $30 annual fee
- 6.95% p.a. on balance transfers, purchases and cash advances for the first 6 months
- 12.99% p.a. on purchases and cash advances
- $0 late payment fee
New cardholders could enjoy some serious savings when they apply for the Macquarie Credit Union Visa Credit Card, with 6.95% p.a. on balance transfers, purchases and cash advances for the first 6 months currently on offer. For a tiny annual fee, the card also provides up to 55 days interest free on purchases, and a low ongoing purchase rate.
Designed to help you save money both in the short term and the long term, the Macquarie Credit Union Visa Credit Card has one very tempting introductory offer right now. When you apply for this card, you can benefit from 6.95% p.a. on balance transfers for the first six months. So, why would you need an offer such as this?
This offer could help you save if you have existing credit card debt on other cards. By transferring the balance to your new Macquarie Credit Union Visa Credit Card, you could take advantage of a much lower rate, allowing you to pay down that balance faster, as you pay less in interest. At the end of the intro period, any balance remaining reverts to the card’s low purchase rate.
But, this card is much more than its introductory offer. With a low annual fee and purchase rate, it could work well as a low cost card in the longer term. That annual fee is seriously low, plus you can choose to add up to three additional cardholders at no extra charge. Additional cardholders do not have to be members, but must satisfy the 100 point check identification criteria.
With its low ongoing purchase rate, this card could work well for cardholders who carry a balance. And as a nice touch, Macquarie Credit Union also seems to offer its interest free feature to cardholders regardless of whether they carry a balance month to month. Unlike other cards, which typically require cardholders to pay their balance in full to benefit from interest free days on their purchases, with this card all new purchases receive up to 55 days interest free each month.
Like most credit unions, Macquarie Credit Union requires cardholders to become a member before they apply for the Macquarie Credit Union Visa Credit Card. Unfortunately, membership is limited to:
With its introductory offer on balance transfers, the Macquarie Credit Union Visa Credit Card could be a real money-saver. It could be a great option for cardholders who tend to carry a balance – both in the long and short term – and for cardholders who want to pay down existing credit card debt.
While it may not be packed with features, it does offer cardholders access to the vast Visa network, allowing them to make purchases from more than 450,000 merchant locations in Australia and over 24 million merchants in 220 countries around the world. As the card is a Visa, it also provides access to handy features such as Verified by Visa and Visa payWave.
The Macquarie Credit Union Visa Credit Card has an incredibly low annual fee, a low ongoing purchase rate, and an intro offer of 6.95% p.a. on balance transfers, purchases and cash advances for the first 6 months.
Purchase rate 12.99% p.a.
Introductory purchase rate 6.95% p.a. for 6 months
Cash advance rate 12.99% p.a.
Interest free period on purchases up to 55 days
Balance transfer rate 6.95% p.a. for 6 months
Balance transfer revert rate 12.99% p.a.
Balance transfer from personal loan N/A
Balance transfer fee No fee
Balance transfer limit N/A
Banks you can't balance transfer from Macquarie Credit Union
Minimum credit limit $1,000
Maximum credit limit N/A
Annual fee $30 p.a.
Additional cardholder fee $0
Foreign transaction fee N/A
Minimum repayment $20.00 or 5% (whichever is greater)
Cash advance fee N/A
Late payment fee $0
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
Be over 18 years old
Good Credit and have not applied for multiple credit cards recently
Permanent Resident or Australian Citizen
You have your personal details ready to complete the online application
Roland B Bleyer founded Creditcard.com.au 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.
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