The Macquarie RateSaver credit card is a lifesaver for your wallet, preventing it from drowning in costly fees!
With one of the lowest fees and rates at Macquarie, the RateSaver is the ideal option for those seeking low maintenance costs, both annually and in terms of interest, without sacrificing convenience and savings.
Additionally, you’ll have more purchasing power with 55 interest-free days on purchases and zero transaction fees both domestically and internationally.
And more: with features like Visa Entertainment, Apple Pay, and Google Pay, it’s the perfect card for those seeking a hassle-free financial solution, especially for travelers and online shoppers.
In summary, it was designed to offer the best value for money. Check out the main benefits to make your decision to apply.
Key benefits of the Macquarie RateSaver credit card:
- Low Annual Fee: Pay just US$69 per year and enjoy all the benefits of the card.
- 15.95% Interest Rate: With lower annual interest, you can save in the long run and have more money in your pocket.
- 55 Interest-Free Days: Take advantage of making purchases and paying more conveniently without additional costs for this benefit.
- Favorable Conversion and Zero International Transaction Fees: Travel the world and make online purchases without worrying about extra fees.
- Protection Against Fraud and Unauthorized Activities: Visa’s Zero Liability policy protects cardholders against fraud, ensuring peace of mind in transactions. Additionally, 24/7 monitoring ensures continuous protection, detecting suspicious activity before it becomes a problem.
- Compatible with Digital Wallets: Pay for your purchases quickly and securely with Apple Pay and Google Pay.
RateSaver for Travelers: It’s worth packing this card in your suitcase!
The Macquarie RateSaver credit card may not offer free travel insurance or accumulate miles, but it stands out for not charging international transaction fees.
In other words, expenses on trips, purchases in physical stores or online abroad are free of additional charges, which translates into real savings.
However, it’s important to remember that a cash advance fee will still apply for cash withdrawals abroad. For frequent travelers, this fee-free freedom on purchases is very advantageous, as it means fewer financial worries.
How Does Foreign Currency Conversion Work?
Conversion by Visa
When you choose to pay in foreign currency, such as the US dollar, Visa converts the amount to Australian dollars using the exchange rate on the day the purchase is recorded. This guarantees a reliable and transparent conversion, as the rate applied is always the official Visa rate.
Conversion Done by the Merchant (Payments in Australian Dollars)
If you choose to pay in Australian dollars, the merchant will convert the foreign currency at the time of purchase, called a “dynamic conversion”. While it may be convenient, the merchant’s exchange rate may be less favorable and, in some cases, include additional fees.
Which Option to Choose?
Choosing to pay in foreign currency generally offers greater transparency, as you know the Visa exchange rate.
However, if you prefer to pay in Australian dollars, check the merchant’s rates to avoid unwanted charges.
Main fees
- 15.95% p.a. – Interest rate on purchases.
- 15.95% p.a. – Interest rate on cash advances.
- $69 – Annual fee. US$0 – International purchase fee.
- $20 – Late payment fee per statement period.
Final analysis: Is the Macquarie RateSaver credit card worth it?
Despite the significant financial benefits, the RateSaver has some limitations. In summary, it’s not a credit card for those seeking robust rewards, so don’t expect points, miles, and free insurance.
However, for those who prioritize low fees and savings on transactions, it stands out as an advantageous choice!
Whether you want to take advantage of Visa’s exchange rates on international purchases or enjoy 55 interest-free days on retail purchases, this card offers basic but practical and real benefits.
Additionally, the savings on fees and compatibility with digital wallets make the RateSaver an ideal choice for the modern consumer concerned with saving.
The Macquarie RateSaver credit card will certainly make a positive difference in your budget! Now see how accessible it is and how easy it is to apply.