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Macquarie Bank review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Macquarie Bank's credit card suits Australian cardholders who clear their balance each month and want a low rate on what they borrow, with an APR of 15.95%. The AUD 69 annual fee puts it out of reach for anyone unwilling to pay a yearly charge for a credit card.

Key facts

Best for
Australian spenders who pay balances down and want no currency conversion charge.
Annual fee
A$69 (Source, checked September 26, 2026)
APR
15.95% (Source, checked September 26, 2026)
Currency conversion fee
0% (Source, checked September 26, 2026)
Credit needed
Good (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
Macquarie Bank Limited (Source, checked September 26, 2026)
Headquarters
Australia (Source, checked September 26, 2026)
Founded
1985 (Source, checked September 26, 2026)
Support channels
Chat, Help-centre (Source, checked September 26, 2026)
Official website
macquarie.com.au

Apps and profiles

Get the app
App Store
Elsewhere
WikipediaLinkedIn

Pros and cons

Pros

  • Currency conversion fee of 0%, so spending abroad carries no extra charge
  • APR of 15.95%, under the site median of 20.97%
  • Backed by a named Australian bank, Macquarie Bank Limited, under ASIC licence 237502

Cons

  • Annual fee of AUD 69 against a site median of €0, the main cost drawback
  • Support runs on chat and help centre only, with no phone line
  • Interest applies to unpaid balances at 15.95% until you pay in full
Macquarie Bank

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Scored 9.1 / 10 by DebitCue.

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Who it suits

  • Australian cardholders with good credit who want a low rate on spending they pay back each month
  • People who buy in other currencies and would rather avoid a conversion charge
  • Anyone happy paying a yearly fee for a lower rate and a named bank behind the balance

Who should look elsewhere

  • Wise: its annual fee is £0, so holding the card costs nothing
  • Varo Believe Secured Credit Card: annual fee of $0 for anyone where good credit is not available yet
  • Chime Card (Secured Visa Credit Card): annual fee $0 on a secured structure rather than an open credit account

Who runs it

Macquarie Bank Limited issues the card from Australia, where the group is headquartered, and it dates back to 1985. It is regulated by ASIC under licence 237502, so the card comes from a licensed Australian bank rather than an unfamiliar name. Card help runs through chat and help centre: a help centre for detail questions and live chat for anything urgent.

How Macquarie Bank compares

Where Macquarie Bank is available

Available
Australia
Licence in Australia
ASIC (237502), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the Macquarie Bank credit card cost each year?+

The annual fee is AUD 69, which is the main reason to hesitate. The site median for annual fees is €0, and the listed alternatives charge £0, $0 and $0. The fee earns its place if you use the card often enough.

What interest rate do I pay if I carry a balance?+

The APR is 15.95%, which sits below the site median of 20.97%. Macquarie Bank ranks 44 of 133 brands on rate but 281 of 301 on annual fee, so the card rewards clearing the balance rather than revolving it.

Is there a charge when I spend in another currency?+

There is no charge on currency conversion: the fee is 0%, against a site median of 1% and a credit group median of 1.85%. Macquarie Bank ranks 1 of 181 brands on this measure, the part of the cost profile that rewards shopping abroad.

What credit do I need to be approved?+

The card asks for good credit, the most common requirement in this group, while 45.7% of brands ask for poor credit instead. Applicants with fair or poor credit are not the target, so a rebuilding card such as Varo Believe Secured Credit Card fits that group better.

Is my money with a regulated institution?+

Macquarie Bank Limited is the legal entity behind the card, headquartered in Australia, and it has been running since 1985. It holds ASIC licence 237502, so the balance sits with a licensed Australian bank rather than an intermediary you have never heard of.

How do I get help with the card?+

Support runs on chat and help centre, meaning a help centre and live chat, with no phone line listed. A help centre handles the account detail questions in writing, and chat suits anything you want answered while the card is open. If you prefer to call, a provider with phone support may suit you better.

How does it compare with fee free cards?+

The listed alternatives carry annual fees of $0 and $0, with Wise at £0. Macquarie Bank's AUD 69 is the outlier in this group, and what it offers in return is an APR of 15.95% and a currency conversion fee of 0%.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Rewards type.

Related by the facts

Macquarie Bank

Macquarie Bank

Australian spenders who pay balances down and want no currency conversion charge.

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