How to Apply for your Macquarie Platinum Credit Card
The Macquarie Platinum Credit Card offers a premium combination of rewards and flexibility, making it an excellent choice for travelers and everyday spenders. With a competitive 1 point per $1 on eligible purchases, cardholders can accumulate points without limits, all while enjoying zero foreign transaction fees on international purchases.
Paired with complimentary travel insurance and purchase protection, this Platinum credit card provides substantial value for a modest $149 annual fee.
Macquarie Platinum is among the best credit cards Australia offers for those looking to maximize rewards without the high costs.
Macquarie Platinum Credit Card Benefits
Earn Points on Every Purchase
With 1 Macquarie Reward Point earned per $1 on eligible purchases, this card offers a robust rewards system for daily spending. Whether dining out, shopping, or traveling, your spending quickly translates into valuable points that can be redeemed for eGift cards or cashback through Macquarie’s rewards program.
No Foreign Transaction Fees
Travelers will especially appreciate the 0% foreign transaction fees on international purchases. This feature saves you from the typical 2-3% fee most cards impose, making this one of the best credit cards for overseas use.
Complimentary Travel Insurance
In addition to great rewards, the Macquarie Platinum Credit Card provides complimentary international travel insurance and purchase protection. These benefits offer peace of mind for frequent travelers or those making large purchases.
Interest-Free Period
Cardholders can enjoy up to 55 days of interest-free purchases, giving them flexibility in managing their spending.
Considerations
Annual Fee
While the $149 annual fee is reasonable for a Platinum card with premium benefits, it’s important to consider whether the rewards and perks outweigh this cost, especially if you aren’t taking full advantage of the card’s travel benefits or high points-earning potential.
No Sign-Up Bonus
Unlike some of the best rewards credit cards, the Macquarie Platinum Credit Card does not offer an introductory points bonus for new applicants. If you’re looking to maximize your rewards upfront, you may want to consider cards with larger sign-up bonuses.
Higher Purchase Rate
With a 20.70% p.a. purchase rate, it’s crucial to pay off your balance within the interest-free period to avoid accumulating high-interest charges.
This card is best suited for those who can manage their spending and consistently clear their balance each month.
Eligibility for the Macquarie Platinum Credit Card
To qualify for the Macquarie Platinum Credit Card, applicants must meet certain requirements:
- Minimum Income: A minimum taxable income of $50,000 per year is required.
- Credit Rating: At least a good credit rating is necessary to apply. Macquarie typically favors applicants with a solid credit history and responsible financial management.
- Age & Residency: Applicants must be at least 18 years old and Australian citizens or permanent residents.
If you meet these requirements, you’ll need to provide documentation such as proof of income, bank statements, and other financial records.
About Macquarie Bank
Macquarie Bank is one of Australia’s leading financial institutions, known for its innovative products and customer-focused solutions.
The Macquarie Platinum Credit Card is a reflection of the bank’s commitment to offering premium services tailored to meet the needs of both everyday Australians and frequent travelers.
With a reputation for blending cutting-edge technology with top-tier customer service, Macquarie provides a seamless banking experience.
Whether you’re looking to earn rewards or travel with ease, Macquarie’s products are designed to enhance financial flexibility, offering practical benefits that align with a busy, modern lifestyle.
Who Should Get the Macquarie Platinum Credit Card?
The Macquarie Platinum Credit Card is perfect for:
- Frequent Travelers: With 0% foreign transaction fees and complimentary travel insurance, this card offers strong benefits for those who frequently travel overseas or shop with international retailers.
- High Spenders: Earning 1 point per $1 spent, the card rewards everyday spending on groceries, dining, and retail, making it ideal for those who want to maximize their rewards potential.
- Value-Conscious Users: For a $149 annual fee, the card provides a balanced mix of rewards and practical features, such as purchase protection. The modest fee makes it accessible for users seeking a Platinum Visa Credit Card without exorbitant costs.
If you’re looking for a card that combines flexibility, rewards, and travel benefits, the Macquarie Platinum Credit Card is a strong contender in the [best rewards credit cards] market.
How to Apply for the Macquarie Platinum Credit Card
Applying for the Macquarie Platinum Credit Card is quick and easy:
- Online Application: Visit the official Macquarie Bank website and navigate to the Platinum Credit Card section.
- Fill in Your Details: Complete the application by providing your personal, financial, and employment information. You’ll also need to upload supporting documents, such as recent payslips or bank statements.
- Submit for Review: After submitting your application, Macquarie will assess your eligibility, typically responding within a few business days.
Once approved, your card will be mailed to you, and you can activate it online or via Macquarie’s mobile app.
Activating Your Macquarie Platinum Credit Card
Once you receive your Macquarie Platinum Credit Card, activation is simple:
- Online Activation: Log into your Macquarie online banking or mobile app to activate your card.
- Phone Activation: Call the activation number provided on the card’s sticker for immediate access.
- ATM Activation: Alternatively, you can activate your card at a Macquarie ATM by making a transaction.
Macquarie Platinum Credit Card Fees and Tariffs
The Macquarie Platinum Credit Card offers premium benefits at a competitive cost. Here are the key fees:
- Annual Fee: $149 per year.
- Purchase Rate: 20.70% p.a. on purchases.
- Cash Advance Rate: 20.70% p.a.
- Interest-Free Period: Up to 55 days on purchases, provided the balance is paid in full each month.
- Foreign Transaction Fee: 0% on international purchases.
These fees make the Macquarie Platinum Credit Card one of the best rewards credit cards with practical benefits for travelers and everyday spenders alike.
Macquarie Customer Service
Macquarie Bank offers multiple customer support options for credit cardholders:
- Phone Support: Call Macquarie’s customer service team at 1300 150 300 for assistance with your Platinum card.
- Online Banking: Manage your card, track rewards, and make payments through the Macquarie online banking platform or mobile app.
Macquarie’s responsive and reliable customer service ensures cardholders can manage their account with ease, while also enjoying premium perks.
