Macquarie Platinum Card

20.70% p.a.

0% p.a. for 14 months and then 20.70% p.a.

$249 $99 in the first year

Qantas Frequent Flyer

Macquarie Platinum Card

20.70% p.a.

0% p.a. for 14 months and then 20.70% p.a.

$249 $99 in the first year

Qantas Frequent Flyer

Rewards program details

Rates and fees information correct as at 22 August 2018.

What your points get you

Fly Sydney to London

120,000 points

Fly Sydney to Melbourne

8,000 points

$100 Giftcard

16,160 points

$100 Cash

-

Points earning

1 point per dollar on Visa, up to $1,000 per month, then
0.5 points per dollar on Visa, up to $16,667 per month

Rewards scheme

Points automatically credited to your Qantas Frequent Flyer account

All rewards are redeemed via Qantas Frequent Flyer.

Earn bonus points on selected Qantas products and services in Australia.

Special offers

Receive 40,000 bonus Qantas points when you spend $2,000 within 60 days of approval.

Value of rewards points

Spend $20,320 (Visa)

Spend $8,000 (Visa)

Spend $216,000 (Visa)

at $16,667 monthly

Never

How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,

  • figure out how many flights or gift cards or cashback credits you could get for those points,

  • work out what that's actually worth to you,

  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.

  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

  • Shopping rewards are based on $100 gift cards from a major national department store.

  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Close

Rate and fee details

Rates
  • 20.70% p.a.

  • none

  • 0% p.a. for 14 months and then 20.70% p.a.

  • no

  • 21.95% p.a.

  • 55

Fees
  • $249.00

  • $99 in the first 1 year

  • none

  • none

  • $35.00

  • 3%, min $5.00

  • 3.00%

  • $7.00

  • $8.00

  • $0.00

Features
  • $50.00

  • 2.5

  • 4

  • From 15 March 2018, 1 point per dollar cap reducing to $1,000 per month.

Payment options

Apple Pay
Google Pay

Rewards privileges

Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection

Customer Reviews

How are Macquarie credit cards rated by the Mozo community?

Overall customer rating
4.9/10
Price
5.7/10
Features
5.6/10
Customer service
4.4/10
Convenience
4.4/10
Trust
4.7/10

Latest reviews of Macquarie Platinum Card

  • Overall
    7/10
    Great customer service

    Only been with Macquarie for 6 months, so still 'testing the waters'.

    Only been with Macquarie for 6 months, so still 'testing the waters'.

    Price
    8/10
    Features
    6/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    7/10

    Katie | VIC

    08 Oct 2015

  • Overall
    7/10
    Great product, terrible service

    I have had a bpay go wrong due to the web site dropping out it has been 4 weeks and still have...

    I have had a bpay go wrong due to the web site dropping out it has been 4 weeks and still have not had money refunded. I rang the moment it happened and was treated like a fool which I am not. I rang again yesterday and they said it would be another two weeks very upset.

    Price
    8/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    5/10

    Sue | NSW

    02 Apr 2015

  • Overall
    5/10
    Competitive rates, poor service.

    I had 11 unauthorized transactions made on this account. When I called the number to advise the...

    I had 11 unauthorized transactions made on this account. When I called the number to advise the provider of the problem, the person I eventually spoke to was helpful. However none of what he said he would do has happened a week later. When I call this number again, all I get is put on hold and no help! Who else can I report to?

    Price
    5/10
    Features
    8/10
    Customer service
    0/10
    Convenience
    5/10
    Trust
    0/10

    Max | WA

    27 Mar 2015

  • Overall
    7/10
    Great Card for Qantas FF

    This is a good product for accruing Qantas frequent flier points as the earn rate is 1:$1. Annual...

    This is a good product for accruing Qantas frequent flier points as the earn rate is 1:$1. Annual fees are average to high among this type of Qantas FF credit card. However there's a sign up bonus of up to 40,000 points which is worthwhile.

    Price
    4/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    6/10

    Mike | NSW

    15 Aug 2014

  • Overall
    0/10
    Avoid!

    Avoid this card. I earn 185K a year, and have done so for the last 4 years, have a Platinum Card...

    Avoid this card. I earn 185K a year, and have done so for the last 4 years, have a Platinum Card with a 10k limit and 0 balance with NAB, 160K in my mortgage offset, 200k equity in my house and no other debt. They put me through the wringer, then declined, so I agree their assessment criteria is pathetic, as clearly I can service this card. Applied to NAB and card in my hand a week later. Phone staff helpful for NAB unlike Macquarie. Avoid at all costs, as I will for all Macquarie products from now on.

    Price
    3/10
    Features
    3/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10

    Mark |

    30 Jun 2014

Macquarie

About Macquarie

Macquarie a global financial provider offers a variety of services to its clients. Macquarie provides a variety of products including banking, financial, advisory, investment and funds management services. Since its founding in 1969 Macquarie has become one of Australia's largest companies today.

See Macquarie credit cards