Get $40 for Opening a Macquarie Platinum Transaction Account Plus Free Upgrade to Platinum

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Get $40 for Opening a Macquarie Platinum Transaction Account Plus Free Upgrade to Platinum

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Bargain4U on 25/01/2017 - 14:26 macquarie.com (6519 clicks)
Last edited 10/03/2017 - 16:36 by 3 other users

Use referral links at bottom of description, not the main link.

Open a Platinum Transaction Account by 31 March 2017 and automatically get upgraded to the Platinum Transaction Account, without the need to deposit $4,000 per month. Just spend more than $250 in the first 30 days using your new debit card.

For you to be eligible for the $40 reward, you must:

Open a Macquarie Platinum Transaction Account between 12:00am 25 January 2017 and 11:59pm 31 March 2017 using unique referral link.
Make $250 or more of purchases using new Macquarie Platinum debit MasterCard within 30 days of opening your account.
Not have held a transaction account with Macquarie prior to 24 January 2017.
Not be an employee of Macquarie Group.

Platinum Transaction Account Benefits:

$0 ATM Fees
$0 Account Fees
$0 International Purchase Fees
50c reward for the first 200 cash out transactions of $100 or more each year in retail stores

MOD: Referral wiki removed. Use randomised referral instead.

Financial Bank Account Banking Transaction Account

31 Mar 2017

Related Stores

Macquarie Bank

closed Comments

- antkey on 05/02/2017 - 17:15
  
  +5
  
  should press CR so it activate Mastercard Zero Liability protection against fraud and any ohter unauthorised purchases.
  - JIMB0 on 05/02/2017 - 19:39
    
    So your hoping the fraudster presses credit and not CHQ/SAV when they scam your card.
    - bluesky on 05/02/2017 - 21:11
      
      +1
      
      Cannot influence what fraudster having your card will do, but if using yourself, pressing CR provides chargeback possibility, if purchase turns out to be not as described.
nonpop on 05/02/2017 - 10:58

+1

@Bargain4U $40 coming your way
- Bargain4U on 10/03/2017 - 16:28
  
  +1
  
  Thank you Sir/Madam! :)
retiredfeline on 05/02/2017 - 13:15

+1

I have to say I'm very impressed with the app and backend services. No sooner than I had done a tap transaction I got a push notification on my phone with the amount and payee.
bluesky on 05/02/2017 - 18:55

+25
Rang them up. A good sign, polite and helpful support, although the 1st level cust personnel could not help with everything, she helped as much, then transferred me to 2nd level "specialist" to help with the rest. Sure, this is my first interaction, but so far so good.

Here are some things I found out, so thought I will share:

I wanted assurance the deposit exemption ($4000) is ongoing, not just first month. Apparently, this Platinum account currently does not require the $4000 deposit, irrespective of how you sign up. They haven't decided to enforce this for the account.

Since I noticed a good feature - i.e. you can pay directly from Savings account to external account, without having transfered to Transaction account first, I asked her if I can Direct Debit from Savings account as well. Good news, you can! (Have been looking for a savings account that allows this, so this is +1 for the account).

The $40 bonus will be deposited about 60 days from the $250 spend.

I asked about what constitutes acceptable spend for the bonus. She told me these are ruled out: ATM withdrawal, pay anyone. I specifically asked about BPAY. Although she looked into conditions and said BPAY was not ruled out, so should be fine, personally, I will not risk it by doing a BPAY from the Transaction account (the reason BPAY only requires biller and reference). I will, as someone said above, either (a) buy something with it, or (b) pay a bill where I have to specifically provide the Debit Card number (see Mcz's comment).

Max transfer limit per day is 20K, cut-off time is 5pm. If a higher limit is needed, one can call, and they will raise the temporary limit for the day.

Relevant for those contemplating this as a long term account. I asked how the interest tiers in Savings account applies, once 4-month introductory period is over. Does the interest rate in a tier applies to the entire balance, or will the first 25K get 1.3%, then funds after that get 2.3%. Was told it applies to entire balance. E.g. if balance is over 25K, the entire balance will get 2.3%. Not the best rate, but still useful for Direct Debit, free foreign fees etc.

Hope this info is helpful.
- dins on 05/02/2017 - 19:20
  
  +2
  
  cheers mate good stuff.
- lycaonz on 06/02/2017 - 18:08
  
  +4
  
  Does the interest rate in a tier applies to the entire balance, or will the first 25K get 1.3%, then funds after that get 2.3%. Was told it applies to entire balance. E.g. if balance is over 25K, the entire balance will get 2.3%.
  
  That's interesting since it appears to be in direct contrast to their website which says:
  
  Each standard stepped variable rate applies to the portion of the total balance that falls within that balance bracket.
  - bluesky on 06/02/2017 - 18:14
    
    Well spotted! Thanks. The specialist must have got it wrong. The wording seems pretty clear. 1.3% is pretty low. I will probably still keep it, but won't be leaving much money in the account.
- Zaenille on 07/02/2017 - 11:20
  
  +1
  
  Thanks. I was wondering about BPAY as well. Seems questionable so I'll try to make $250 in purchases.
  - bluesky on 07/02/2017 - 16:12
    
    I used mine to pay an insurance bill, by going to insurer's site, and paying by credit card. Did not want to risk BPAY, which is what I will normally do for this.
Tomodachi on 06/02/2017 - 18:02

+1

Sorry but I couldn't find any prints

When can I expect $40 after $250 spends? Thanks

Just saw it, sorry, 60 days after
- sween64 on 25/02/2017 - 07:53
  
  60 days after meeting the spend requirements?
cartwheelz623 on 10/02/2017 - 10:41

Jumped on this deal, thanks OP!

Looking at their Savings Accounts, currently with ANZ at 1.25%. Mac has 1.30% and 2.65% for first 4 months.

Anyone have any experience with Mac as their "primary" bank?
beohs on 10/02/2017 - 12:54

+3

Hi Guys,
Just wanted to make you all aware that Macquarie is not the safest bank to be with. Once i signed up with them through this offer, someone stole the card they sent me and tried to activate it. I got an sms and an email notifying me about an inquiry i made about my account (which i did not as I was waiting for the card to arrive).

I called up Macquarie straight away and informed them of this and told them to investigate. They said they would, two days later they called me up to inform me that someone has successfully changed my mobile and email address for the account and that they are concerned. How can they allow someone to change the details while an investigation is ongoing.

Get the $40 dollars and get out.

If you are not aware of their history with fraud read the article below

http://www.smh.com.au/business/banking-and-finance/identity-…
- Turd on 10/02/2017 - 13:05
  
  +3
  
  So SOMEONE got the letter from your mail box?
  
  Sounds like Australia Post might be in a scam where post people are stealing letters and packages! :o
  
  Avoid using a mail box and maybe invest in a PO Box? The area you live in might have thieves or scammers
  - 17833 on 10/02/2017 - 13:10
    
    Yep, same thing happened to me with the recent NAB credit card offer posted here. Did not receive card, all my accounts now blocked, now I have been through 2 weeks of trying to prove who I am with the bank to confirm my ID, even though I have been a customer with them for years.
    - Turd on 10/02/2017 - 13:12
      
      That sucks!!! Use a PO Box I say. Or move to a safer area with less crime, but then price of rent homes will be higher. :|
    - beohs on 10/02/2017 - 14:26
      
      i wonder if these scammers are active on ozbargain and phishing us
    - Turd on 10/02/2017 - 14:39
      
      +1
      
      @beohs: To steal someone's Card you must, live close to the target and/or be a postman or work in the postal organisation where the CEO makes 5.8Million and doesnt care about the small people.
  - beohs on 10/02/2017 - 14:25
    
    Funny thing is I have been at this address for the past 5 years and never had anything pinched from the mailbox. But yeah, getting a PO Box now and signing up for Veda reporting to avoid this in the future.
    - Turd on 10/02/2017 - 14:40
      
      +1
      
      Times have changed… People get desperate etc… Cost of living in Australia is high thus the looting/scamming.
pluto on 10/02/2017 - 14:21

+3

Does anyone know putting money into Coles reloadable card from Macquarie debit card valid purchase?
- Turd on 10/02/2017 - 14:25
  
  +2
  
  Yes valid, since it will be going via the VISA/Mastercard nextwork and treated as a PUR. :) I did it with the ANZ one when I had like $2 remaining on it.
  - pluto on 10/02/2017 - 14:42
    
    Thanks. Transaction shows as coles online services hawthorn. Hope they dont deny this as valid purchase as we can cash out from coles reloadable card.
    
    Earlier i was thinking to buys cards from this deal https://www.ozbargain.com.au/node/290123
    But this seemed better option.
    - Turd on 10/02/2017 - 14:48
      
      It should apply. Because they do not know what product you purchased from Coels Online Services. :)
      
      Enjoy your free money! Dont forget to get others and friends into it!! Sign one up for family members etc… use referal wiki :) https://www.ozbargain.com.au/wiki/macquarie_referrals
      
      You can cashout at ATM too from Coles!! Just dont do it too often otherwise Indue (Representing Coles) will email you asking to verify the top-ups and where it came from. a bit PITA, but yeah
    - Master Bates on 14/02/2017 - 11:42
      
      @Turd: Hey Turd, do you know if cashout is a valid way to achieve the $250 spend required for the $40 bonus?
      
      I can't see any other comments pointing in that direction, so hoping that's what you mean in your post above.
      
      TIA!
    - Turd on 14/02/2017 - 11:46
      
      @Master Baiter: Dont think so. It says purcahses. so must be purchases instead of cash out, the Transferal to Coles card is a purchase not a cashout.
    - bluesky on 14/02/2017 - 16:25
      
      @Master Baiter: ATM withdrawal was specifically excluded from the methods to spend the $250, in the conversation I had with Macquarie, see comment. Hope this helps.
    - Master Bates on 14/02/2017 - 17:19
      
      +1
      
      @bluesky: Yep, I saw your very informative post, thanks.
      
      I thought cashout might be different to an ATM withdrawal for some reason.
    - redwood on 09/03/2017 - 17:18
      
      @Turd: I'm just wondering how would a purchase+cash out at Coles show up? Would it show up separately as a single purchase transaction?
    - Turd on 09/03/2017 - 17:20
      
      @Redwood: don't quote me but…
      If you do purchase and cash out it would count as a eftpos purchase and not go through the MasterCard network.
      
      That's just my guess. Can be wrong.
    - redwood on 09/03/2017 - 17:30
      
      @Turd: And if it's an eftpos purchase it won't go through the requirement of "using new Macquarie Platinum debit MasterCard"?
    - Turd on 09/03/2017 - 17:33
      
      @Redwood: afaik it won't? Since eftpos and MasterCard debit are two different systems?
      
      That's my understanding, but I could be wrong!
    - redwood on 09/03/2017 - 17:57
      
      @Turd: I'm not sure. Is the option of credit given when trying to do a cash out+purchase at all?
    - Turd on 09/03/2017 - 18:41
      
      +1
      
      @Redwood: don't think cash out is credit. Thus I think it is EFTPOS
legen.dary on 13/02/2017 - 13:14

:O Apple pay is coming!!!!

http://www.afr.com/technology/apple-pay-boss-says-cba-nab-we…
kosh52 on 14/02/2017 - 00:08

how do we get a referral link?
- Turd on 14/02/2017 - 10:49
  
  +1
  
  The referral link comes from users who took part in brain sourcing program 3-4 months ago.
  
  If you need your friends to get on it to get free money get them to click on one of the referral links in wiki
  
  https://www.ozbargain.com.au/wiki/macquarie_referrals
  
  Another method…
  
  You must go into your time machine to 10//10/2016 then sign up to the brain sourcing bank account - https://www.ozbargain.com.au/node/269799
  Once that is done and do the steps involved. wait 2 months or take your time machine to 25/01/2017 and find your referral link in your email.
  Since you are at it might as well travel back in time to 1995 and buy up all the Sydney house properties!! :)
SBOB on 14/02/2017 - 17:39

Anyone have issues seeing their transaction history?

I put $500 in the new account I made, made 2 small purchases using paywave which show up and a large purchase via PostPay (credit card) which doesn't, when I look at the transaction history, but the available balance reflects the correct amount

The purchase was made 10 days ago so definitely should have been fully processed by now I would have though
- retiredfeline on 14/02/2017 - 17:52
  
  Yeah some transactions take a while to appear in the history, and not just Macquarie, happens with ING too. Strange as you get an immediate push notification of tap transactions.
  - SBOB on 14/02/2017 - 18:40
    
    well hopefully it shows up, as thats the transaction I was doing for the $40 :)
noskich on 16/02/2017 - 10:34

How soon can we expect to get $40? I satisfied all of the conditions. Thanks.
- Turd on 16/02/2017 - 11:25
  
  +2
  
  The $40 bonus will be deposited about 60 days from the $250 spend.
mitty on 17/02/2017 - 11:51

+1

Got my card today. Will I Likely get my own referral link emailed to me? My partner would like to sign up as well, but obviously it would be better if he referred to me rather than an ozbargain random ;) I've already shared the love with a random from the list (Enjoy the $40 Julian).
- Turd on 17/02/2017 - 12:12
  
  No you can not get your own link unless you took part in the brain sourcing program 3-4 months ago.
  
  If you need your friends to get on it to get free money get them to click on one of the referral links in wiki
  
  https://www.ozbargain.com.au/wiki/macquarie_referrals
  
  Another method…
  
  You must go into your time machine to 10//10/2016 then sign up to the brain sourcing bank account - https://www.ozbargain.com.au/node/269799
  Once that is done and do the steps involved. wait 2 months or take your time machine to 25/01/2017 and find your referral link in your email.
  Since you are at it might as well travel back in time to 1995 and buy up all the Sydney house properties!! :)
  - mitty on 17/02/2017 - 13:32
    
    Thanks Turd. Sadly my Time Machine is in the shop so I'll just use a random from the list for my partner.
    - Turd on 17/02/2017 - 14:00
      
      Yes a "random" :)
      
      Same I wish I have a Time Machine!
Ahan on 24/02/2017 - 13:32

Still didnt receive bank card. Very strange.
- bluesky on 24/02/2017 - 14:18
  
  +1
  
  If it has been a while since your application, best to give them a ring.
- Turd on 24/02/2017 - 14:21
  
  Strange, usually it is sent pretty quickly, perhaps it is lost in the Australia Postal system?
  - Ahan on 27/02/2017 - 20:45
    
    Thanks. I have reported the issue last week. Just realised i missed the 30 day deadline due to the fact that I never received the card. I deposited $300 3/4 weeks ago. I will be pretty shocked if Macquarie wont honor the deal, given that it wasn't my fault.
    - Turd on 27/02/2017 - 23:04
      
      Email them make sure they can confirm your bonus
Turd on 25/02/2017 - 06:16

+2

Just letting everyone know those who opened their account on the 25th of Jan, that 24th of Feb was 30days after the account creation, and you should have spent the 250 by then to get this 40 bucks. If you haven't done so please do it asap.

Pay a water bill or electricity bill or buy gift cards from Coles or cashrewards for woolies
Peck on 26/02/2017 - 17:34

So let's see who is the first to report receiving the $40
- Turd on 27/02/2017 - 16:42
  
  I check account every day no $40 yet :( Another 30-40 days to wait.
kosh52 on 27/02/2017 - 16:32

spent my $250 bucks overseas so hopefully that counts. it should also be noted that the $0 ATM withdrawal fees only apply in Australia. If you withdraw cash overseas you will incur a $5 fee as well as the local ATM fee. Used it in Fiji and got stung quite badly with fees :(
- Turd on 27/02/2017 - 16:42
  
  +1
  
  yeah should be counted since it is via the VISA/MC network so you will be fine.
yuzeng1 on 02/03/2017 - 20:43

Thanks, Superbad, use ur referral link
yuzeng1 on 04/03/2017 - 17:03

+1

Sorry, wrong typing, it is superbass. Thanks , superbass, use your referral link. Just find the typing mistake today.
- superbass on 09/03/2017 - 15:09
  
  wow! Thank you!
jwl81124 on 06/03/2017 - 13:35

+1

I check account every day no $40 yet :( Another 21 days to wait.
- Hogg on 06/03/2017 - 15:42
  
  Keep us updated! :)
lycaonz on 08/03/2017 - 18:58

If anyone's interested my $40 came through today. I spent $250+ on the 7th of Feb so it took about a month for me.
nickomac on 08/03/2017 - 19:12

My $40 just posted - finished spending on 28th Jan
drakdaystar on 08/03/2017 - 20:19

how do we open up an account now without the referral wiki?
- Master Bates on 08/03/2017 - 21:27
  
  Grey box at the bottom of the description marked Referral Links, click on "random".
  - drakdaystar on 09/03/2017 - 00:24
    
    I'm wondering why stage 2 still shows up as saying "enjoy platinum benefits by depositing $4,000 per month"?
    - Master Bates on 09/03/2017 - 11:48
      
      Not sure what you're doing, I just clicked on "random" and on the page it opened it says: "Open a Platinum Transaction Account before 31 March using the button below. As part of this offer you'll be automatically upgraded to the Platinum Transaction Account, without the need to deposit $4,000 per month."
pyramid on 08/03/2017 - 20:24

My $40 credited in account. Profit…
b3au on 08/03/2017 - 21:05

Received my money today.
Munki on 09/03/2017 - 08:02

Confirming I received my money yesterday too. Profit!
Turd on 09/03/2017 - 08:19

Excellent news everyone!

Offer still works and expires end of March 2017

Remember to use the random referral to get the money and spend 250 within the 30days
- drakdaystar on 09/03/2017 - 09:28
  
  I'm wondering why stage 2 still shows up as saying "enjoy platinum benefits by depositing $4,000 per month"?
  - Turd on 09/03/2017 - 09:45
    
    +1
    
    Standard template.
    
    It is waived if you use the referral links, hope u used the referral links.
jwl81124 on 09/03/2017 - 09:19

If anyone's interested my $40 came through 08.03.17. I spent $250+ on the 4th of Feb so it took about a month for me.
doweyy on 09/03/2017 - 10:04

I just got paid for the promotion, thanks again OP :)
Sweet3st on 09/03/2017 - 10:49

I received a nice little referral credit surprise in my account today :) How did you go @Turd? Must be raking it in…
jimmyuhsiang on 09/03/2017 - 11:29

I received the money today also!
Thanks OP.
TrailerTrash on 09/03/2017 - 11:36

Thanks guys - can't believe I missed this one until today!
Just signed up, so fingers crossed it's all good! Thanks to the Referrer too and enjoy your $40
Hogg on 09/03/2017 - 14:42

+1

Yes! I can live for another week. :)
superbass on 09/03/2017 - 15:16

I assume everyone got the credit description as "I Bank With Macquarie Winner" ?

googled and went to https://www.ozbargain.com.au/node/296058

wow someone managed to get $480!
- SBOB on 09/03/2017 - 15:53
  
  and the one with the most posts in here hasnt shared his referal $ value..
  I'm going to guess its more than that, based on the comments before it became a random referral link
  - Turd on 09/03/2017 - 17:29
    
    Four figures right now on day 1.
    
    I referred my parents like 2 weeks later they have got their cash back yet.
    
    I did and do spend the time to reply to each person if I know the answer :)
    - SBOB on 09/03/2017 - 17:37
      
      crazy…
    - Sweet3st on 09/03/2017 - 22:02
      
      So will there be more referral payments??? A nice little earner for those that did the brain sourcing…
tess1988 on 09/03/2017 - 16:04

so if i dont spend the $250 within 30 days of opening account will it still be a Platinum Transaction Account with $0 fees per year, also how do you make a referal link for Macquarie
- Turd on 09/03/2017 - 17:18
  
  I have a suspicion it still will be but don't quote me on it.
  
  The referral links were only for users who part took in the brain sourcing program about 5 months ago.
  - tess1988 on 09/03/2017 - 18:40
    
    thanks
shonofear on 09/03/2017 - 18:52

+1

cheers, $40- arrived today
Turd on 10/03/2017 - 10:55

FYI.. I opened one for mum on 25th of Jan, but only made the payment 32 days after. She didnt get $40. I made account for dad on Feb 3rd, Made payment 25 days later. Got the $40 March 10.

So yeah sucks mum missed out on the $40 coz it was lapsed 30+ days. :(
wutang01 on 10/03/2017 - 11:08

My $40 cleared on the 8th of March: "I Bank With Macquarie Winner"
Turd on 10/03/2017 - 11:15

Not sure why this hasnt got more upvotes.

It is simple free $40 by clicking buttons. Using referral link in the above.

I suspect a lot of people didnt click on the referral link and just clicked the main image thinking it will lead to the offer.

Since main OP doesnt suggest to NOT click the image —> and instead should use referal link at bottom.
- Bargain4U on 10/03/2017 - 11:22
  
  My initial posting has been edited a few times by others, but I'll edit it again. :)
  - Turd on 10/03/2017 - 11:25
    
    Put in large big font.
    
    I suspect a lot of random (non commenters) lurkers are wondering where their $40 is and due to conditions and/or original offer referral link not being clicked on
  - Sweet3st on 10/03/2017 - 12:11
    
    +1
    
    Hope you got lots of referral credits Bargain4U! Great post :)
    - Bargain4U on 10/03/2017 - 16:10
      
      Thanks, it's my pleasure! I didn't because my link was halfway down the referral wiki when the mods created it. C'est la vie. :D
    - bluesky on 10/03/2017 - 18:10
      
      @Bargain4U: Yes, great post! :-) Good account too. Thanks OP.
bnjmn on 10/03/2017 - 16:26

May i please ask if this account has an overdraft?

My Bankwest account has a $100 overdraft, which is great for automatic debits - for when i have forgotten to transfer $ from savings.

Looking to get out of Bankwest ASAP!

This was posted 7 years 2 months 30 days ago, and might be an out-dated deal.

Get $40 for Opening a Macquarie Platinum Transaction Account Plus Free Upgrade to Platinum

Use referral links at bottom of description, not the main link.

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