Redeem points

Our rewards program is digital and offers a range of eGift cards for you to choose from. You can redeem your Macquarie Rewards points for eGift cards at over 50 leading retailers including Myer, Woolworths, Harvey Norman, Amazon, Amart, JB Hi Fi and Bunnings Warehouse. For more information visit our Marketplace website.

As our program is now fully digital, we don’t offer physical gift cards.

You can also choose to redeem points for Cashback into an eligible Macquarie account. 

The table below outlines the number of Macquarie Rewards points and eligible credit card spend required to redeem eGift cards. This applies to all gift cards, regardless of brand:

 Required eligible spend on Macquarie Credit Card
 RewardPoints RequiredPlatinumBlack
eGift cards

$20

3,850

$3,080

$1,925

$50

9,625

$7,700

$4,813

$100

19,250

$15,400

$9,625

$200

38,500

$30,800

$19,250

$500

96,250

$77,000

$48,125

$1000

192,500

$154,000

$96,250

The table below outlines the number of Macquarie Rewards points and eligible credit card spend required to redeem Macquarie Rewards points into cashback: 

 Required eligible spend on Macquarie Credit Card
 RewardPoints RequiredPlatinumBlack
Cashback

$20

5,500

 $4,400

 $2,750

$50

13,750

 $11,000

 $6,875

$100

27,500

 $22,000

 $13,750

$200

55,000

 $44,000

 $27,500

$500

137,500

 $110,000

 $68,750

$1,000

275,000

 $220,000

 $137,500

 

Redeeming cash or eGift cards

You (as the primary cardholder) can redeem your points for cashback or eGift cards at any time via Macquarie Online Banking or the Macquarie Mobile Banking app.

To redeem using Macquarie Online Banking:

  1. Select the Macquarie Marketplace icon from the side menu; or first click on the  icon in top left-hand corner to display the side menu
  2. Select the eGift card brand and denomination or cashback 
  3. If you choose cashback select the eligible account you’d like the Cashback to be transferred to and the amount 
  4. Select Use points and Redeem.

To redeem using the Macquarie Mobile Banking app:

  1. Select your credit card account
  2. Select the I want to button
  3. Select Redeem gift cards and denomination or scroll down to Macquarie Rewards Cashback
  4. If you choose cashback select which eligible account, you’d like the Cashback to be transferred to
  5. Redeem.

Cashback can take up to four business days to appear in your nominated Macquarie account. You can view your Cashback redemption history when you log on. 

Please note that if your nominated Macquarie account is a Macquarie home loan, cashback is not treated as a payment to this account. You must still pay the full contractual amount required under your Macquarie account terms and conditions.

You may be prevented from redeeming points if you haven’t activated your credit card or you’re in breach of your account Conditions of Use, for example, if you haven’t made your minimum monthly repayments.

Redeeming points on a closed account

If your account is closed for any of the reasons set out in the Macquarie Rewards Program Terms and Conditions including switching your credit card loyalty program, your participation in the Macquarie Rewards Program will be automatically cancelled and you’ll forfeit all Macquarie Reward points you haven’t redeemed.

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