- 20,000 bonus Qantas Points when you spend $2,000 on eligible purchases within 60 days of approval
- 0% p.a. on balance transfers for 14 months
- $0 international transaction fees
- 1 Qantas Point per $1 spent up to $4,000 per statement period, then 0.5 Qantas Points per $1 spent for the remainder of that statement period
- 24/7 Concierge Service
- Up to 4 additional cards at no extra cost
- Complimentary Overseas Travel Insurance for you, your spouse and any dependent children
- Access over 750 airport lounges around the world, regardless of class of travel or airline you’re flying.
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Macquarie Bank Credit Cards
Discontinued: Macquarie Black Qantas Rewards Credit Card
Updated 25 October 2022
This card is no longer available for application. This information has been left for those who still have the card or were previously interested
Save with 0% p.a. on balance transfers for 14 months plus $0 international transaction fees. Receive up to 20,000 bonus Macquarie Reward Points when you spend $2,000 on eligible purchases within 60 days of approval. Plus, enjoy complimentary insurance covers, airport lounge access worldwide, and other handy features.
T&Cs apply.
Points Earn Rate (per $1 spent)
1 point
Capped at $4,000, then 0.5 pts per $1 spent
Rewards Program
Qantas Frequent Flyer
Bonus Points
20,000 pts
Spend $2,000 within first 60 days
Pros and cons
- High standard annual fee
Creditcard.com.au review
Editor Review
Discontinued: Macquarie Black Qantas Rewards Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Macquarie Black Card with Qantas Points
With three intro offers currently on the table, the Macquarie Black Card with Qantas Points is offering 20,000 bonus Qantas Points after a $2,000 spend and 0% p.a. on balance transfers for 14 months. In terms of black card extras, the card provides a number of enticing features, with a strong focus on travel.
What we love...
When you sign up for the Macquarie Black Card with Qantas Points, you will receive 20,000 bonus Qantas Points after spending $2,000 within the first 60 days. In terms of points boosts, this is not a bad one at all. Depending on when you choose to travel, 20,000 Qantas Points could whisk you away to Fiji perhaps, or to your next adventure in South East Asia.
As for everyday points earning, the card offers an earn rate of:
- 1 Qantas Point per $1 spent up to $4,000 per statement period,
- 0.5 Qantas Points per $1 spent for the remainder of that statement period, with no points cap,
- 1 additional Qantas Point on selected Qantas products and services.
As Qantas has one of the best known rewards programs in Australia, it’s likely you know most of what it’s got to offer. For those that don’t, you can redeem points for flights or upgrades, for Qantas Club membership, for Qantas Insurance or Qantas Wine, or within the Qantas Store, for more than 3,000 items. If you are not yet a member, Macquarie Bank will provide complimentary Qantas Frequent Flyer membership, saving you $99.50.
The annual fee is $149 and you may choose to boost your points earning power by adding up to four additional cardholders to the account with no annual fee.
Last but not least is the balance transfer offer. With this, you will get 0% p.a. on balance transfers for 14 months, giving you more than a year to pay down credit card debt as you pay zero interest on your transferred balance.
What’s not so great...
It’s always important to compare your options when choosing a card, especially on premium cards such as the Macquarie Black Card with Qantas Points. You may notice that its platinum cousin has a pretty similar offering, providing the same bonus point earn with a lower spend requirement, and the same earn rate, but with a lower threshold for points shaping.
Take into account each card’s annual fee, to then weigh up your likely spend. Also take note of the extras on offer to find out which card offers the most value to you.
Why should you choose this card?
Typically, cardholders choose black cards such as the Macquarie Black Card with Qantas Points for their features and rewards. As we’ve already discussed this card’s potential to earn rewards, let’s get into the features on offer:
- 24/7 Concierge Service: This concierge service is available around the clock, offering assistance with everything from travel bookings to restaurant reservations.
- Airport Fast Track and Meet and Greet: This Airport Concierge service is available at more than 400 airports around the world, assisting cardholders with arrival and departure, including expedited transfer through immigration and security where available. Service charges apply.
- Discounted Concierge Limo Service: This provides 20% off the limo service booked through the card’s concierge, up to a value of $100 per year.
- Overseas Airport Lounge Access: This allows access to more than 750 airport lounges around the world, helping to ease the stress of travel. Service charges apply, excludes airport lounges in Australia.
- Complimentary Insurance: This provides Overseas Travel Insurance for you, your spouse and any dependent children, Interstate Flight Inconvenience Insurance to cover meals or clothing, and Extended Warranty Insurance on eligible card purchases.
- Visa Entertainment: This offers access to a wide range of exclusive events and offers on music, sports, movies and theatre.
Overall Rating
With a definite focus on travel, the Macquarie Black Card with Qantas Points provides a number of excellent extras, alongside 20,000 bonus Qantas Points and 0% p.a. on balance transfers for 14 months.
User reviews
Rates and fees
Interest rates
Purchase rate 20.70% p.a.
Cash advance rate 20.70% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 14 months
Balance transfer revert rate 20.70% p.a.
Balance transfer from personal loan No
Balance transfer fee No fee
Balance transfer limit 100% less $500 of approved credit limit
Brands you can't balance transfer from Macquarie Bank
Credit limits
Minimum credit limit $15,000
Maximum credit limit N/A
Fees & repayments
Annual fee $149 p.a.
Additional cardholder fee Up to 4 at no extra cost
Foreign transaction fee 0%
Minimum repayment 2% or $50 whichever is greater (RateSaver); 2.5% or $50 whichever is greater (Platinum & Black)
Cash advance fee 3% or $5 (whichever is greater)
Late payment fee $20
Rewards and points
Rewards program
Rewards Program
Qantas Frequent Flyer
Bonus points 20,000 points
Annual points cap uncapped
Bonus points spend criteria Spend $2,000 within first 60 days
Earning points with this card
Qantas Rewards points 1 point per $1 spent
Points cap per month Capped at $4,000, then 0.5 pts per $1 spent
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes
Flight Inconvenience Insurance Yes
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance No
Overview
Discontinued: Macquarie Black Qantas Rewards Credit Card
With the Macquarie Black Credit Card with Qantas Rewards you can receive 20,000 bonus Qantas Points when you spend $2,000 on eligible purchases within 60 days of approval.
Key features
- 20,000 bonus Qantas Points when you spend $2,000 on eligible purchases within 60 days of approval
- 0% p.a. on balance transfers for 14 months
- 1 Qantas Point per $1 spent up to $4,000 per statement period, then 0.5 Qantas Points per $1 spent for the remainder of that statement period
- $0 international transaction fees
- Up to 4 additional cards at no extra cost
- 24/7 Concierge Service
- Access over 750 airport lounges around the world, regardless of class of travel or airline you’re flying.
- Complimentary Overseas Travel Insurance for you, your spouse and any dependent children
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Permanent resident of Australia
-
Minimum income of $70,000 p.a.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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