Macquarie Credit Union Visa Credit Card

The basics

• Additional cardholders. Add up to 3 additional cardholders for free and share the account with family members. The main cardholder will be responsible for any costs associated with the account.
• Digital wallets. Unfortunately, Macquarie Credit Union Visa Credit Card does not currently support Apple Pay, Google Pay, or Samsung Pay.
• Gambling transactions. Macquarie Credit Union has blocked any gambling-related transactions.

Rewards and benefits

• Complimentary travel insurance. The Macquarie Credit Union Visa Credit Card does not include complimentary international travel insurance.
• Concierge services. Cardholders do not have access to a concierge service.
• Insurances. This card offers repayment insurance and fraud protection.
• Rewards points. This credit card does not have a rewards program, which is typical of a no-frills card such as this.
• Sign up bonus. There is no sign up bonus on offer for new customers.

Rates and fees

• Annual fee. The ongoing annual fee for this card is $30 p.a.
• Balance transfers. Use their introductory balance transfer offer to transfer debt with no fee and get an interest rate of 6.95% p.a. for 6 months. This will revert to the ongoing rate of 12.99% p.a. once the introductory period has elapsed.
• Cash advances. Cash advances on the Macquarie Credit Union Visa Credit Card will attract interest at 12.99% p.a., payable immediately from the cash advance date. There is a one-off fee in addition.
• Foreign exchange fee. All purchases made in a foreign currency — overseas or online — will incur a 3.5% fee.
• Interest-free period. Use up to 55 days of interest-free purchases (excluding cash advances) when you pay off your previous balance or make the minimum required payments.
• Purchases. There is no introductory offer for purchases, meaning any purchases that are carried over attract interest at 12.99% p.a. This is a competitively low rate.