Credit card interest rates and fees

Your interest rate information, including interest earned and interest rates, is displayed on your monthly credit card statement.

To view your statement in Macquarie Online Banking: 

1. Hover over your credit card account
2. Select I want to
3. Select View account statement & reports in the menu drop-down
4. Select a statement and select the View icon. A PDF version of the statement will be downloaded.

To view your statement in the Macquarie Mobile Banking app:

1. Select the account from the account list
2. Select the I want to button
3. Select View account statements from the menu
4. Select a statement.

When you use your credit card to access cash, such as making an ATM withdrawal, this is considered a cash advance.

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.

Credit card interest is the charge for borrowing money through your credit card account. How much interest you’ll pay depends on which card you have, the type of transactions you make and when you make your payments.

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.

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

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. 

If your account is not paid in full by the due date, interest will be charged on any outstanding balance. Any new purchases (excluding interest free finance amounts) and fees will not receive an interest-free period.  

The interest-free period can be reinstated by making payment equal to the Payment to Receive Interest Free Period on your next statement by the Payment Due Date.

The minimum monthly payment is calculated as a percentage of your closing balance for the statement period or up to $50 (whichever is greater). Please note, the minimum monthly payment calculation is dependent on your credit card product. 

You must pay the full amount of the closing balance if it’s less than $50. You may always pay more than this amount and payments can be made at any time. If your balance exceeds your credit limit or you have an overdue payment outstanding, over-limit and overdue amounts as indicated on your statement must be paid immediately to your account.