Credit card FAQs: Balance transfers


What is a balance transfer?

A balance transfer is a request to transfer part, or all, of your outstanding balance from another credit card to your Macquarie credit card account.

Balance transfers are one of the easiest ways to consolidate your existing credit card debts and potentially save on interest repayments.

How does a balance transfer work?

When you request a balance transfer, we will either BPAY® funds or arrange a cheque to your nominated card account and debit this to your Macquarie card account. Please allow up to five business days for balance transfer requests to be processed. Balance transfers are subject to the Balance Transfer Terms and Conditions.

What is the limit for balance transfers?

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.

When can I request a balance transfer?

You can request a balance transfer when you apply for a card, or any time after by completing a balance transfer request online through Macquarie Online.

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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.

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