Saving through a credit card balance transfer


A credit card balance transfer can save you interest and simplify your finances

How you can save with a balance transfer

A balance transfer is a request to transfer part, or all, of your outstanding balance from one credit card to another. Balance transfers can help you pay off debt sooner by consolidating your outstanding balances on a single card – then you’ll only need to make one monthly payment which can help simplify your finances.

How do I request a balance transfer?

You can request a balance transfer when you apply for a Macquarie credit card, or at a later date by completing a balance transfer request online.

The limit on balance transfers is equal to the credit limit on your card, less $500. Should the amount of your balance transfer exceed your limit, we will contact you before processing your request. The minimum balance transfer is $500.

Macquarie cards feature a special low balance transfer rate. If you are looking to consolidate balances and potentially save on interest on a card with a low annual fee, the Macquarie RateSaver Card can be a good choice. If you are also seeking to be rewarded for everyday spending and prefer the privileges of rewards and insurance, our Flexible Rewards cards may suit you: the Macquarie Black Card or the Macquarie Platinum Card.

Make sure you consider closing the credit card you’re transferring from to avoid unwanted fees and further debt.

To find out more about balance transfers, call 1300 150 300 to speak with a credit card specialist and have your credit card questions answered.

If you enjoyed reading this article, why not share it?

Simply copy and paste the text and include a link to the article. Please read the Expertise Articles Terms of Use before sharing.

Macquarie says hello to Apple Pay

A smarter way to pay

We're excited to tell you that Apple Pay is now available on all Macquarie debit and credit cards. It is an easy and secure way to make payments instore, in apps and on the web with Safari on your Apple device.

Macquarie Bank Limited ABN 46 008 583 542 AFSL & Australian Credit Licence 237502 (MBL). All applications are subject to Macquarie's standard credit approval criteria. Before acting on this information, you must consider its appropriateness having regard to your own objectives, financial situation and needs. You should obtain independent financial, legal and taxation advice.

Apple, the Apple logo, Apple Pay, Apple Watch, iPhone and Touch ID are trademarks of Apple Inc., registered in the US and other countries. App Store is a service mark of Apple Inc.