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RateSaver Card



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



  • Special Events Provided through Visa entertainment and includes ticket pre-sales and exclusive offers


The Macquarie Bank RateSaver Card is marketed as a low-fee and low-interest-rate credit card that can help you manage your spending. This card has a moderate annual fee and a moderate interest rate, making it fall firmly within the medium territory for rates and fees.

This credit card also comes with the ability to add additional cardholders, for an extra fee each year. There are a moderate number of interest-free days available each billing cycle, and the typical high interest rate on cash advances.

Macquarie Bank are also offering 24/7 customer service for cardholders, as well as fraud protection and zero liability for unauthorised transactions. There is also 14-month no-interest balance transfer offer up for grabs with this credit card. Cardholders can also enjoy entertainment offers with access to Visa Entertainment. 

  • Balance transfer offer
  • 24/7 customer service
  • Fraud protection
  • Annual fee charged
  • Moderate interest rate
  • Fee for additional cardholders

Who is it good for?

The Macquarie Bank RateSaver Card is moderate on fees and charges, so it could be a good option for credit card holders who currently have a higher-interest card and are shopping around for lower rates. The no-interest balance transfer offer could further add to the appeal of this card for customers who have existing credit card debt that they want to consolidate.

For customers who want to ask questions around the clock or at odd hours, the 24/7 customer service for the Macquarie Bank RateSaver Card could also be an appealing feature.

Entertainment-lovers may also find some value with access to Visa Entertainment, which includes ticket presales for concerts, sporting events, movies and more. Current Macquarie Bank customers may also find this to be a good mid-range credit card that helps to keep all of their financial products under one roof. 

What RateCity says

The Macquarie Bank RateSaver Card is a solid, mid-range credit card, with moderate fees and charges. It has a few perks and benefits, such as entertainment offers and 24/7 customer service, which help to increase its appeal.

The most generous perk is the balance transfer offer for new cardholders, which offers 14 months of no interest on consolidated debt. Even if the balance transfer is not paid off within this timeframe, the moderate variable interest rate it will revert to is more reasonable than that of many other balance transfer offers (which often revert to the same high interest rate on cash advances.)

The Macquarie Bank RateSaver Card is neither an extravagant, nor a thrifty credit card, but has enough from both sides of the coin to provide some value to some potential customers. 


To apply for the Macquarie Bank RateSaver Card, you must be at least 18 years old and a citizen or permanent resident of Australia. You also need to have a good credit rating and meet a minimum income requirement to be eligible. You can apply online in just 10 minutes, and will need to provide information on your salary, expenses, employer and/or accountant. It’s also good to have at least two forms of identification on hand. 

About the lender

Macquarie Bank is part of the Macquarie Group Limited, a global financial group headquartered in Sydney. Macquarie Group was established in 1969, then known as Hill Samuel Australia Limited and a subsidiary of the United Kingdom’s Hill Samuel & Co. Limited. Eventually established and rebranded as Macquarie Group in 1985, today this bank serves customers in 28 countries worldwide and has over 14,000 employees. Australian customers can contact Macquarie Bank via a toll-free phone number.

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