How are my payments allocated to my credit card?

Payments you make are applied to your last statement to the balances with the highest Annual Percentage rate, then applied in descending order of applicable Annual Percentage rate.

This means payments would go in order to:

  1. Purchases
  2. Cash advances
  3. Special promotions
  4. Balance transfers
  5. Interest free finance amounts.

The easiest way to remember this is “last statement, highest interest to lowest interest.”

Can my credit card payment be allocated to a future statement?

Payments cannot be allocated to any unbilled transactions (i.e. something we have not sent you a statement for).

Related articles

Search Help Centre

Input search

    Chat with us

    You can contact us anytime via Q in the Macquarie Mobile Banking app or Macquarie Online Banking.
     

    Log in
    Discover Q

    Experiencing financial difficulty?

    Please get in touch as soon as possible so we can work together to find the right solution for you.

    Get financial assistance

    Resolve a complaint

    Everyone at Macquarie is committed to providing our clients with the highest standard of products and services available. If you have feedback we would like you to tell us about it. 

    Find out more
    Download Macquarie App

    Unless stated otherwise, this information is provided by Macquarie Bank Limited AFSL and Australian Credit Licence 237502 (MBL) and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. Finance is subject to our credit approval criteria. Terms and conditions apply and may change without notice.

    Apple Pay, the Apple logo & iPhone are trademarks of Apple Inc, registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android Pay, the Android Logo and Google Play are trademarks of Google Inc. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. BPAY is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.

    Other than MBL, none of the Macquarie Group entities referred to are authorised deposit-taking institutions for the purposes of the Banking Act 1959 (Cth), unless noted otherwise. Their obligations do not represent deposits or other liabilities of MBL. Unless otherwise stated, MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity.

    © Macquarie Group Limited