Here’s a few things to know about interest rates and fees on your Macquarie credit card:

1. What is the annual fee for the card?

If you’re an existing Macquarie credit card customer, your annual fee will be displayed on the financial table you received with your new card, or notification letter if your annual fee has changed.

If you’re a new Macquarie credit card customer, please check the Macquarie website for all current offers.

2. How and when will the annual fee be charged?

The annual fee is charged when you activate your card, then annually on the anniversary of your account open date.

3. What are the purchase and cash advance interest rates?

If you’re an existing Macquarie credit card customer, your purchase and cash advance interest rates will be shown on the financial table you received with your new card. If you have made purchases or cash advances in the last statement cycle, these rates will also appear on your monthly statements.

If you’re interested in applying for a Macquarie credit card, please check the Macquarie website for all current offers.

Interest rates are variable and subject to change. You’ll be notified of any changes in writing, electronically, or through a national newspaper and a message in your monthly statement.

4. How is interest calculated?

Interest is calculated based on the balance you have outstanding on each day of the statement cycle. The interest rate, also known as the 'Annual Percentage Rate' (APR) is included on the front page of every statement you receive. Interest is calculated based on the daily rate of interest (the APR divided by the number of days per year). This rate is also included on each monthly statement and is effective for interest calculations in that statement period.

To find out more about how we calculate interest, view our Understanding Interest Guide.

5. How many interest free days will I receive?

You’ll receive up to 55 days interest free on purchases if your account is paid in full by the due date shown each month.

If you have a balance transfer or an interest free finance amount still within the promotional period, you don’t have to repay that amount to be eligible for up to 55 days interest free on purchases. Once that promotional period ends, your total balance will be subject to the standard variable interest rate.

For more information, view our Understanding Interest Guide.


6. What other fees and charges are applicable?

You can view the fees and charges applicable to you here.

For more information on credit card interest rates, download our Understanding Interest Guide.

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Thank you. If you’d like to provide further feedback about your recent experience, please head to our Feedback and Complaints page.

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