Compare Macquarie Credit Cards
Compare the latest Macquarie Credit Card offers. Review your existing Macquarie Credit Card. Get a better deal today.
Updated 8 December 2023
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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.