HomeCredit CardsMacquarie

Compare Macquarie Credit Cards

Compare the latest Macquarie Credit Card offers. Review your existing Macquarie Credit Card. Get a better deal today.


Updated 27 March 2024


(0)
Sort:
Product Category
Low Rate / Low Fee
Qantas Frequent Flyer
Macquarie Rewards

Offers 1 - 5 of 5

Are Macquarie Rewards or Qantas Frequent Flyer rewards better?

If you take out a Macquarie loyalty points Credit Card you’ll generally have the option to link it to Qantas Frequent Flyer or Macquarie Rewards. We look at the pros and cons of each rewards program to help you choose which is right for you.

How do Macquarie Rewards credit cards work?

The Macquarie Rewards program is designed to give you flexibility in the way you choose to redeem rewards points. It allows you to accumulate rewards on your everyday purchases and doesn’t cap the number of points you can earn.


You can then spend these points across a range of categories, including Gift cards and Cashback.


The following provides more information about these redemption options:

  • Gift cards. You can convert your Macquarie Rewards points for gift cards through a number of retail partners. These include Woolworths, Coles, Harvey Norman, Myer, Big W, JB Hi Fi, and more.
  • Cashback.Macquarie Rewards has a cashback scheme that offers you $5 in return for every 1,375 points you redeem.

Which cards come with Macquarie Rewards?

Macquarie offers 2 different cards that come with Macquarie Rewards. These include the entry-level Macquarie Platinum card, as well as the Macquarie Black. For a higher fee, these offer the opportunity to earn more rewards points, and feature other travel-related benefits.


Summary of the benefits of Macquarie Rewards cards

Macquarie Platinum
Fee$99
International transaction fee0%
Purchase rate20.7% p.a.
Free Daysup to 55
Rewards points earned

Earn Macquarie Rewards Points

1.25points per $1 spent

250,000 annual points cap

Other benefits

No international transaction fees

Complimentary travel insurance

Macquarie Black
Fee$149
International transaction fee0%
Purchase rate20.7% p.a.
Free Daysup to 55
Rewards points earned

Earn Macquarie Rewards Points

2points per $1 spent

Other benefits

No international transaction fees

Complimentary travel insurance

How do the Macquarie Qantas Frequent Flyer credit cards work?

As the name suggests when you spend money on your Macquarie Qantas Frequent Flyer card, you earn Qantas Frequent Flyer Points directly. Points are uncapped and the amount you’ll receive depends on how much you spend.


Qantas Frequent Flyer program is extensive, giving you the opportunity to use points for domestic and international flights and upgrades. You can also redeem points for:

  • hotels
  • shopping, including gift cards and direct purchases from the Qantas Store
  • purchases through Qantas Wine
  • Qantas Travel Insurance, and
  • hire cars and fuel through BP

Which cards come with Qantas Frequent Flyer?

Macquarie offers 2 different cards that link to Qantas Frequent Flyer. These include the entry-level Macquarie Platinum - Qantas card, as well as the Macquarie Black - Qantas. For a higher fee, these offer the opportunity to earn more rewards points, and feature other travel-related benefits.

Summary of Macquarie Qantas Frequent Flyer Cards

Macquarie Platinum - Qantas
Fee$99
International transaction fee0%
Purchase rate20.7% p.a.
Free Daysup to 55
Rewards points earned

Earn Qantas Points

1point per $1 spent up to $1,000, then 0.5 per statement

106,000 annual points cap

Other benefits

No international transaction fees

Complimentary travel insurance

Macquarie Black - Qantas
Fee$149
International transaction fee0%
Purchase rate20.7% p.a.
Free Daysup to 55
Rewards points earned

Earn Qantas Points

1point per $1 spent up to $4,000, then 0.5 per statement

Other benefits

No international transaction fees

Complimentary travel insurance

Which should you get: Macquarie Rewards or Qantas Frequent Flyer?

Ultimately, whether you should choose a Macquarie Rewards or a Macquarie Qantas Frequent Flyer credit card depends largely on how you intend to redeem the points.


If you’re happy flying Qantas and shopping through its partners, then earning Qantas Frequent Flyer points directly can be a great option.


If cost is a consideration, it’s also worth noting that the Macquarie Rewards cards tends to be slightly cheaper than the Macquarie Qantas Frequent Flyer cards.


Alternatively, if you don’t feel like you’ll get value out of rewards points, a low-cost no-frills card could save you money.

In short…

Both cards offer great rewards programs and the choice ultimately comes down to personal preference.


More information
* Select “learn more” for additional information regarding fees, interest rates, rewards and other features.
^ Credit card reward programs can be difficult to compare due to tiered and capped points earn rate structures. To simplify comparison, we estimate the number of points you could earn per $1 spent, assuming $5,000 of spend on eligible purchases each month.
Copyright © 2024 Stay or Go Pty Ltd
Stay or Go Pty Ltd (“Stay or Go”) provides information about and compares credit products in the Australian market and is authorised to do so as the holder of Australian Credit Licence 527092. We do not compare every credit product in the Australian market. We are not a credit provider and we do not provide credit assistance. When we provide information via this website, we are not providing you with a recommendation or suggestion about a particular credit product. When you apply for a credit product via our website, you are not applying with us, you are applying directly with the credit provider and will be redirected to their website. We endeavour to ensure that the information on this website is current and accurate however, before entering into any credit product with a credit provider displayed on our website, you should confirm the fees, rates, product information, and eligibility criteria with the credit provider and read the Target Market Determination (TMD) available via their website. All information on this website is general advice only and does not take into account your objectives, financial situation or needs. You should consider whether this advice is right for you and we encourage you to seek independent financial advice. The use of any trade name or trademark on this website is for identification, comparison and reference purposes only and does not imply any association with the trademark holder or their brand. Please refer to our Terms of Use for more details.