[PaulZ]

There is a new Platinum Card in town and it looks like it could be pretty good.

Rewards points are probably the most important feature for most.
According to the website you can earn 1.25pts per $1 spend (up to $200,000 annually).
The only question is whether they can be redeemed for Qantas Frequent Flyer Points. If so, I believe this card is FAR superior to CBA and Citibank Platinum Cards.

The fee is only $200.

You are able to get 4 cards on the account, which is a bonus if you want to give one to the kids.

Looks like you will be able to apply from 18/6/07. (And get some further details.)

See Introducing the Macquarie Bank Visa Platinum Card
Also Welcome to the Macquarie Bank Visa Platinum Credit Card - The New Form of Currency


Some of the features:

Become a Founding Member and enjoy these exclusive rewards:

• 0% for 4 months on balance transfers and purchases1
• Up to 55 interest free days
• A discounted interest rate of 17.50%p.a.
• A discounted annual fee of $200
• Up to 4 free additional cardholders
• 1.25 points for every dollar spent2
• 'Founding Member' embossed on your credit card

[Mal]

Looks ok at first glance, but will need to wait till the launch for full details.

I can't see a Points Transfer option - although you can buy flights using your points directly.

The Insurance cover looks promising, but will need fine print to confirm. It includes domestic (interstate) rental car excess cover which is unusual for Australian CC's.

It has the usual tie-in's with various airlines for oober cool airfare deals (cough).

At least will provide more competition in the Plat space to encourage Westpac/Commbank/Amex et.al to provide better service and features.

[NM]

Will be interesting to see where/how the points can be used. I can just imaging redeeming 10K points for a 3 hour parking voucher at SYD domestic terminal.

[oz_mark]

A $100 Macquarie Bank Rewards Universal Gift Card comes at a price of 16,575 points. They look incredibly like a Visa debit card

Macquarie Bank Rewards

[PaulZ]

Bad News Unfortunately!

It seems that you cannot transfer your points to Qantas FF.

They said maybe in the future, but not at the moment.

Obviously this makes the card less attractive.

[DTM1]

the other point that is conveniently not addressed is whether the discounted fee only applies for the first year. my guess is that that would be the case.

[Coathanger]

Originally Posted by PaulZ

• 'Founding Member' embossed on your credit card

Wow!

Pity about the APA takeover bid, otherwise there would have certainly been QFF points on offer.

The card looks nice, but I like the all in one (credit and debit) card that I currently have.

[sparoy]

I was invited sometime last year for their paid market research on this card. Looks like they are implementing some of my suggestions such as better than 1:1 earning ratio and free additional cards but not the uncapped annual limit and no annual fee (at least for the first year).
Well you can't have it all

sparoy

[gregff]

Anyone got a pdf of the Terms and Conditions and/or Fees and charges?
Seems like they are not on the website?

[BiziBB]

What benefit is there above those already included in Gold cards?

Insurance from ACE - does anyone already have an ACE policy through another card?

Would existing premium Macquarie customers get a waiver on the annual fee (which I take the foundation fee to be $200pa until a fee 'change' once the intro period ends)?

Maybe June is a good time to get one, if the fee is tax-deductible?