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20,000 Spend $2,000 within first 60 days
Macquarie Visa Platinum Qantas Credit Card
Macquarie Visa Platinum Qantas Credit Card

Macquarie Bank Credit Cards

Macquarie Visa Platinum Qantas Credit Card

Updated 2 January 2020

Points Earn Rate (per $1 spent)

1

point

Qantas

Rewards Program

Qantas Frequent Flyer

Bonus Points

20,000 pts

Spend $2,000 within first 60 days

0 points over 12 months spend

My monthly card spend

Pros and cons

  • Earn 1 Qantas Point per $1 spent on eligible purchases on up to $1,000 spend per statement period, then 0.5 Qantas Points per $1 spent
  • $99 annual fee
  • 4 Free additional card holders
  • 0% p.a. for 14 months on balance transfers from card approval
  • 20,000 bonus Qantas Points when you spend $2,000 within 60 days of approval
  • Complimentary insurance covers including extended warranty and premium insurance covers
  • $0 international transaction fees
  • Eligible with Apple Pay

  • 1 Qantas Point per $1 spent on eligible purchases on up to $1,000 spend per statement period, then 0.5 Qantas Points per $1 spent

Creditcard.com.au review

Editor Review

Macquarie Visa Platinum Qantas Credit Card

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

The Macquarie Platinum Card with Qantas Points

Giving new cardholders a boost to their points earning, the Macquarie Platinum Card with Qantas Points is currently offering 20,000 bonus Qantas Points when they spend $2,000 within the first 60 days. Also on offer up to four free additional cardholders, complimentary insurance covers, and access to a Platinum Concierge Service.

What we love...

Bonus points are pretty exciting, so let’s start there. When you apply and are approved for the Macquarie Platinum Card with Qantas Points, you can earn 20,000 bonus Qantas Points simply by spending $2,000 on the card within the first 60 days. Considering the places you could go on 20,000 Qantas Points, we think this is a pretty good deal indeed.

Ongoing, the card also offers a decent earn rate, although it does feature points shaping after the first $1,000 spent per statement period. You will earn:

  • 1 Qantas Point per $1 spent on eligible purchases up to $1,000 spent per statement period,
  • 0.5 Qantas Points per $1 spent on eligible purchases for the remainder of that statement period,
  • 1 additional Qantas Point on selected Qantas products and services.

So, how much will the card cost you? When comparing rewards cards, it’s always important to weigh the value of the points you will earn against the cost of the card’s annual fee of $99.

Helping you to earn points faster, you can add up to four additional cardholders to the account at no extra cost. While that points shaping still applies, earning extra points on additional cardholder spending could certainly offer more value on this card.

Before we move on to the card’s extras, we should also point out the Macquarie Platinum Card with Qantas Points is currently offering 0% p.a. on balance transfers for 14 months. This is an awesome balance transfer offer, but it’s worth bearing in mind that with a rewards card, you spend to earn points. You would need to work hard to pay off those new purchases alongside your transferred balance to really make the most of the offer.

What’s not so great...

As with most platinum cards – especially platinum rewards cards – the Macquarie Platinum Card with Qantas Points has a high rate of interest on both purchases and cash advances. But, as long as you clear your balance before it starts accruing interest, you can avoid these higher rates. This will make it easier to find value in the rewards on offer too.

Why should you choose this card?

If you want to earn Qantas Points on your card spending, the Macquarie Platinum Card with Qantas Points could be the ideal option for you. You can enjoy a nice boost to your points balance with the card’s bonus points offer, and depending on your card spend, you could see real value in your points earn as well.

If platinum perks are your thing, this card offers a few nice extras, including complimentary insurance cover, offering Overseas Travel Insurance for you, your spouse and any dependent children, Interstate Flight Inconvenience Insurance to cover meals or clothing, and Extended Warranty Insurance on your purchases. Read the PDS for full info.

As a cardholder, you will also have access to Macquarie Bank’s concierge service, available 24 hours a day, seven days a week. Whether you want to book tickets on Broadway, or reserve a table in the hippest restaurant in Berlin, your concierge could make that happen. You can also benefit from access to Apple Pay for faster, easier payments with your synced device.

Overall Rating

Drawing you in with 20,000 bonus Qantas Points, the Macquarie Platinum Card with Qantas Points also offers 0% p.a. on balance transfers for 14 months, and a range of platinum perks.

User reviews

Macquarie Visa Platinum Qantas Credit Card ( based on 1 Creditcard.com.au user review )

54% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 20.70% p.a.

Cash advance rate 20.70% 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 20.70% 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 limt $6,000

Maximum credit limit N/A

Fees & repayments

Annual fee $99 p.a.

Additional card holder fee Up to 4 - $0 p.a.

Foreign transaction fee 0%

Minimum repayment 2.5%

Cash advance fee 3%

Late payment fee $35

Rewards and points

Rewards program

Rewards Program Qantas Frequent Flyer Qantas Frequent Flyer

Bonus points 20,000 points

Annual points cap 200,000

Bonus points spend criteria Spend $2,000 within first 60 days

Earning points with this card

Qantas Rewards points 1 point per $1 spent

Points cap per month Capped at $1000, then 0.5 pts per $1 spent

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance Yes

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance Yes

Extras

Eligible with Apple Pay

Overview

Macquarie Visa Platinum Qantas Credit Card

The Macquarie Visa Platinum card offers 1 Qantas Point per $1 spent on eligible purchases on up to $1,000 spend per statement period, then 0.5 Qantas Points per $1 spent on eligible purchases for the remainder of that statement period. Get a number of other platinum benefits such as complimentary insurance and extended warranties, plus 4 free additional card holders. 20,000 bonus Qantas Points when you spend $2,000 within 60 days of approval.

Key features

  • Earn 1 Qantas Point per $1 spent on eligible purchases on up to $1,000 spend per statement period, then 0.5 Qantas Points per $1 spent on eligible purchases for the remainder of that statement period
  • $99 annual fee
  • 4 Free additional card holders
  • 0% p.a. for 14 months on balance transfers from card approval
  • 20,000 bonus Qantas Points when you spend $2,000 within 60 days of approval
  • Complimentary insurance covers including extended warranty and premium insurance covers
  • $0 international transaction fees
  • Eligible with Apple Pay

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 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.

Recently Asked Questions

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

2 questions (showing the latest 10 Q&As)

sue

sue

28 January 2020
Macquarie Platinum Card does it have travel insurance and what level of travel insurance does it cover. thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 January 2020
    Hi Sue, When you pay using your Macquarie Platinum Card, you will receive: Overseas Travel Insurance for you, your spouse and any dependent children + Interstate Flight Inconvenience Insurance to cover meals or clothing depending on delay + Extended Warranty Insurance on your purchases. Limitations and exclusions apply. For more details check this page - https://www.macquarie.com/au/personal/credit-cards/expertise/visa-card-insurance-benefits
Miyoung

Miyoung

28 March 2017
I herd if i create this card i will become a honors member. Is it right?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 March 2017
    Hi Miyoung, I have reviewed the MacBank website and I find no mention on this within the product page. It could have been a feature of the past but it looks like it is not there now.

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