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Macquarie Platinum Card

Purchase rate
20.70% p.a.
Balance transfer rate
0% p.a. for 14 months and then 20.70% p.a.
Annual fees
$99
Interest free days on purchases
55

Rewards program details

Rates and fees information correct as at 7 June 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

110,400 points

Fly Sydney to Melbourne one-way

8,000 points

$100 Giftcard

18,690 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, uncapped

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 20,000 bonus Qantas points when you spend $2,000 within 60 days of approval.

Value of rewards points

Spend $25,380 (Visa)

Spend $8,000 (Visa)

Spend $208,800 (Visa)

Uncapped

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

  • 20.70% p.a.

  • 55

Fees
  • $99.00

  • none

  • none

  • none

  • $35.00

  • 3%, min $5.00

  • 0%

  • $7.00

  • $8.00

  • $0.00

Features
  • $50.00

  • 2.5

  • 4

  • none

Payment options

Apple Pay, Google Pay, Garmin Pay, Fitbit 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
5.3/10
Price
5.2/10
Features
5.7/10
Customer service
5.1/10
Convenience
4.7/10
Trust
5.5/10

Latest reviews of Macquarie Platinum Card

  • Overall 7/10
    Great little card for every day purchases.

    Comes with rewards and complimentary insurance for travel and extended warranty, etc. Everything that is charged to my credit card I get a little notification which is great. Direct debit is a bit of a hit and miss as it takes 3 days to clear however if you transferred payment yourself, funds are available almost instantly.

    Read full review

    Comes with rewards and complimentary insurance for travel and extended warranty, etc. Everything that is charged to my credit card I get a little notification which is great. Direct debit is a bit of a hit and miss as it takes 3 days to clear however if you transferred payment yourself, funds are available almost instantly.

    Price
    10/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Angie, Queensland reviewed 17 days ago
  • Overall 10/10
    Quite happy.

    Happy with my card, however wish they offered Qantas points.

    Read full review

    Happy with my card, however wish they offered Qantas points.

    Price
    10/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    0/10
    Trust
    10/10
    Less
    Katelyn, New South Wales reviewed 7 months ago
  • Overall 7/10
    Great customer service

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

    Read full review

    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
    Less
    Katie, Victoria reviewed over 4 years ago
  • 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 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.

    Read full review

    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
    Less
    Sue, New South Wales reviewed about 5 years ago
  • Overall 5/10
    Competitive rates, poor service.

    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?

    Read full review

    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
    Less
    Max, Western Australia reviewed about 5 years ago
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.

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