Sydney, 27 June 2019
Macquarie will no longer charge international transaction fees on overseas purchases across its Macquarie branded credit cards, to support customers travelling and making purchases online.
The change brings Macquarie’s credit cards in line with its award-winning transaction account which offers zero fees on overseas card purchases.
Head of Personal Banking for Macquarie’s Banking and Financial Services Group, Ben Perham, said the change meant Macquarie customers would benefit from a leading travel experience all packaged within their everyday banking accounts.
“We know many of our customers travel overseas and we’re always looking at ways to improve their experience. We understand that international transaction fees are frustrating, so we’re delighted to announce this change so our customers can use their Macquarie credit card more effectively on the go, wherever they are in the world.”
Macquarie is also making further changes across its credit card range in line with its commitment to improving the financial wellbeing of its customers.
“We’re being proactive in helping our customers manage their finances effectively and avoid problematic credit card debt,” Mr Perham said.
“The blocking of transactions that are registered under a gambling and lottery merchant code, as well as capping cash advance balances, are just some of the important steps we’re taking to support the financial wellbeing of our customers when they bank with Macquarie.”
Macquarie is also notifying customers on their monthly statements when they’re approaching the end of a promotional period on their balance transfer, making it simpler for customers to keep track of their credit card balance and stay on top of their repayments.