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Macquarie Visa Platinum Qantas Credit Card

1 review
points over 12 months Calculate your savings icon

Earn rate per $1

1 point
16.77% Complete (success)
Qantas Frequent Flyer

Bonus points

40,000 points
40,000% Complete (success)

Annual fee

$99 first year
99% Complete (success)
then $249

Pros

Earn rewards points on your purchases

Complimentary insurance covers

Additional cardholders at no extra cost

Bonus points offer

$0 international transaction fees

Cons

High purchase and cash advance rate

After first year the annual fee is $249

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

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 free insurance and extended warranties, plus 4 free additional card holders. 40,000 bonus Qantas Points when you spend $2,000 within 60 days of approval. Reduced annual fee of $99 first year, $249 ongoing.

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
  • Annual fee: $99 first year, $249 ongoing
  • 4 Free additional card holders
  • 0% p.a. for 14 months on balance transfers from card approval
  • 40,000 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
100% of customers who have rated this card would recommend it
  • Rates
    43%
  • Fees
    54%
  • Rewards
    63%
  • Customer Service
    57%
  • Value
    51%
Overall user rating 54%
1 reviews
Interest Rates
Purchase rate 20.70% p.a.
Cash advance rate 21.95% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 0% p.a. for 14 months
Balance transfer fee No fee
Balance Transfer revert rate 20.70% p.a.
Balance transfer limit 95% of your approved new credit limit
Balance transfer from personal loan No
Banks you can't balance transfer from Jetstar ,Macquarie Bank
Credit limits
Minimum credit limit $6,000
Maximum credit limit N/A
Fees & repayments
Annual fee $249 p.a.
Annual fee first year $99
Additional cardholder fee Up to 4 - $0 p.a.
Cash advance fee 3%
Foreign transaction fee 0%
Minimum repayment 2.5%
Late payment fee $35
Credit card type Visa
Rewards program
Rewards program Qantas Frequent Flyer Qantas Frequent Flyer
Bonus points 40,000 Qantas points
Annual points cap 200,000
Bonus points spend criteria Spend $2,000 within first 60 days
Earning points with this card
Qantas points 1 point per $1 spent
Overseas earn rate same as standard earn rate
Points cap per month Capped at $1000, then 0.5 pts per $1 spent
Complimentary insurance
Overseas travel insurance yes - up to months
Flight inconvenience insurance Yes
Transport accident cover Yes
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance Yes
Rental vehicle excess cover Yes
Extras
Eligible with Apple Pay

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 40,000 bonus Qantas Points when they spend $2,000 within the first 60 days. Also on offer is a discounted annual fee in the first year, 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 40,000 bonus Qantas Points simply by spending $2,000 on the card within the first 60 days. Considering the places you could go on 40,000 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. It’s nice to see that new cardholders can enjoy a discounted annual fee in the first year, but after that, cardholders will have to work much harder to get value back on those rewards.

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 40,000 bonus Qantas Points, the Macquarie Platinum Card with Qantas Points also offers a discounted annual fee in the first year, 0% p.a. on balance transfers for 14 months, and a range of platinum perks.

Showing one question (showing the latest 10 Q&As)

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.
  • Be over 18 years old
  • Good credit and 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
Macquarie Visa Platinum Qantas Credit Card
Macquarie Visa Platinum Qantas Credit Card

Macquarie Bank Credit Cards

Macquarie Visa Platinum Qantas Credit Card

Updated 5 July 2019

Points Earn Rate (per $1 spent)

1

point

Qantas

Rewards Program

Qantas Frequent Flyer

Bonus Points

40,000 pts

Spend $2,000 within first 60 days

0 points over 12 months spend

My monthly card spend

Pros and cons

  • Earn rewards points on your purchases
  • Complimentary insurance covers
  • Additional cardholders at no extra cost
  • Bonus points offer
  • $0 international transaction fees

  • High purchase and cash advance rate
  • After first year the annual fee is $249
  • 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

Creditcard.com.au review

Editor Review

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 40,000 bonus Qantas Points when they spend $2,000 within the first 60 days. Also on offer is a discounted annual fee in the first year, 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 40,000 bonus Qantas Points simply by spending $2,000 on the card within the first 60 days. Considering the places you could go on 40,000 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. It’s nice to see that new cardholders can enjoy a discounted annual fee in the first year, but after that, cardholders will have to work much harder to get value back on those rewards.

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 40,000 bonus Qantas Points, the Macquarie Platinum Card with Qantas Points also offers a discounted annual fee in the first year, 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 21.95% p.a.

Interest free 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 $249 p.a.

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

Foreign transaction fee 0%

Minimum repayment 2.5%

Annual fee the first year $99

Cash advance fee 3%

Late payment fee $35

Rewards and points

Rewards program

Rewards Program Qantas Frequent Flyer Qantas Frequent Flyer

Bonus points 40,000 Qantas points

Annual points cap 200,000

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

Earning points with this card

Qantas pointsQantas points 1 point per $1 spent

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

Overseas earn rateOverseas earn rate same as standard earn rate

Additional features

Complimentary insurance

Overseas travel insurance yes

Flight inconvenience insurance Yes

Transport accident cover Yes

Smartphone screen insurance No

Purchase protection insurance Yes

Extended warranty insurance Yes

Rental vehicle excess cover 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 free insurance and extended warranties, plus 4 free additional card holders. 40,000 bonus Qantas Points when you spend $2,000 within 60 days of approval. Reduced annual fee of $99 first year, $249 ongoing.

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
  • Annual fee: $99 first year, $249 ongoing
  • 4 Free additional card holders
  • 0% p.a. for 14 months on balance transfers from card approval
  • 40,000 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

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.

Showing one question (showing the latest 10 Q&As)

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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