Credit Card Compare

Macquarie Platinum Card

2 reviews
Data last updated 20 July 2026
20.70%
Purchase rate
$149
Annual fee
55 days
Interest-free

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Macquarie Platinum Card card
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CardIQ

54Fair

Fair

Overall score, out of 100 · How this works

  • 55 days interest-free55
  • No foreign fee69
  • Rewards32
  • Travel61

Customer reviews

4.6

Based on 2 reviews

PinaRecommends

No complaints

The interest rate is competitive, the card is accepted everywhere, and customer service is very helpful. The rewards scheme has a large range of products to choose from as well as insurance and a concierge service if you need help finding a product. They even called me when…

Bob PunchRecommends

Good rewards system

This card offers a good rewards system with 1.5 points per dollar spend. There is no need to use frequent flyer points for air travel as flights can be purchased directly from the airlines using reward points. There is a good range of other reward items similar to Westpac…

Pros & cons

What's good

  • Complimentary international travel insurance.
  • Complimentary concierge service.
  • No foreign transaction fee on overseas or online spending.
  • No fee to add an additional cardholder.

Worth noting

  • The 20.7% p.a. purchase rate sits above the 18.99% p.a. median if you carry a balance.
  • Earns 1 point per $1 on everyday spend, around the dataset average.
  • The 1-point rate on everyday spend applies only to the first $5,000 spent each statement period, then drops to 0.5 points per $1.
  • No balance transfer or introductory purchase offer.

Card details

The basics

Additional cardholder fee
$0 p.a.
Card tier
Platinum
Card type
Visa
Card use
Personal
Credit limit
$6,000 – $100,000
Credit rating
Good
Rewards program
Macquarie Credit Card Rewards Program

Eligibility

Instant approval
No
Joint application
No
Minimum age
18 years old
Minimum income
$50,000 p.a.
Residency
Australian citizen or permanent resident
Temporary residents
Not eligible

Rates & fees

Ongoing interest rates

Cash advances
20.70% p.a.
Purchases
20.70% p.a.

Fees

Additional cardholder fee
$0
Annual fee
$149 p.a.
Cash advance fee
3% of the amount
Foreign transaction fee
0%
Late payment fee
$20

Repayments

Interest-free period
Up to 55 days on purchases
Minimum repayment
2.5% of the closing balance or $50, whichever is greater

Balance transfers

This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend
1 pt per $1 up to $5,000 per statement period
Bonus categories
None
Other purchases
None
Overseas spend
None
ATO/government
None
Reduced rate above monthly cap
0.5 pts per $1 above $5,000 per statement period
Points cap
Uncapped
Points expiry
Points don't expire while your account is open and in order.

Sign-up bonus

Bonus spend required
—
Sign-up bonus
—

Complimentary insurance

Cover has conditions and exclusions, which are set out in the issuer's PDS. A missing row means we haven't captured that figure, not that the cover is absent.

Overseas travel

Activation
Prepay part of the trip on the card
Age limit
85 years
Excess
$250
Maximum trip length
90 days
Not covered
Pre-existing conditions, unless the insurer agrees in writing
Underwriter
Chubb Insurance Australia Limited

Rental vehicle excess

Activation
Book with the card and take the hire company's waiver
Cover limit
$5,000
Excess
$250
Voids cover
Unsealed roads, drink driving, a driver not on the agreement
What it pays
The hire company's excess, not the vehicle

Purchase protection

Activation
Pay for the item with the card
Annual limit
$25,000
Cover period
90 days
Excess
$250
Not covered
Cash, consumables and animals
Per-item limit
$2,500
Voids cover
Leaving the item unattended in a public place
What it pays
Theft, loss and accidental damage

Extended warranty

Activation
Pay with the card for an item under manufacturer's warranty
Annual limit
$10,000
Excess
$250
Not covered
Anything the manufacturer's warranty already excluded
Per-item limit
$10,000
What it pays
Mechanical failure once that warranty ends

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Overseas feeNo feeTied for best (1st of 200 cards)
Interest-free days55 daysTop 10% (6th of 192 cards)
Rewards value$216 a yearMiddle of the market (54th of 95 cards)
Purchase rate20.70%Not as good as most cards (119th of 196 cards)
Annual fee$149 a yearNot as good as most cards (128th of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Questions and answers

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Sources

Credit Card Compare
Australian credit card statisticsHow CardIQ scores cards
Government
Product reference data (Consumer Data Right)
Issuer
Macquarie Bank