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Macquarie Black Credit Card
1 review

Macquarie Black Credit Card

points over 12 months Calculate your savings icon

Earn rate per $1

2 points Macquarie Rewards

Bonus points

60,000 points Spend $3,000 within first 60 days

Annual fee

$99 first year
then $249

Pros

60,000 bonus Macquarie Reward points when you spend $3,000 on the card within the first 60 days

Discounted annual fee the first year

Earn 2 Macquarie Reward points per $1 spent, uncapped

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

$0 international transaction fees

Cons

Ongoing annual fee of $249 p.a.

100% of customers who have rated this card would recommend it
  • Rates
    51%
  • Fees
    59%
  • Rewards
    54%
  • Customer Service
    93%
  • Value
    45%
Overall user rating 60%
1 reviews
Interest Rates
Purchase rate 20.70% p.a.
Cash advance rate 21.95% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 0% p.a. for 14 months
Balance transfer fee No fee
Balance Transfer revert rate 20.70% p.a.
Balance transfer from personal loan No
Banks you can't balance transfer from Macquarie Bank
Credit limits
Minimum credit limit N/A
Maximum credit limit N/A
Fees & repayments
Annual fee $249 p.a.
Annual fee first year $99
Additional cardholder fee Up to 4 at $0 p.a.
Cash advance fee 3%
Foreign transaction fee 0%
Minimum repayment 2.5%
Late payment fee $35
Credit card type Visa
Rewards program
Rewards program Macquarie Rewards Macquarie Rewards
Bonus points 60,000 Rewards points
Annual points cap uncapped
Bonus points spend criteria Spend $3,000 within first 60 days
Earning points with this card
Rewards points 2 points per $1 spent
Overseas earn rate same as standard earn rate
Points cap per month N/A
Complimentary insurance
International travel insurance yes - up to months
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

Macquarie Black Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au.

The Macquarie Black Card with Macquarie Reward Points

By applying for the Macquarie Black Card with Macquarie Reward Points, you can pick up 60,000 bonus Macquarie Reward points simply by spending $3,000 on the card within the first 60 days. Aside from some very nice traveller-focussed black card extras, the card also offers a discounted annual fee in the first year, and 0% p.a. on balance transfers for 14 months.

What we love...

When you sign up for a black card, you expect to benefit from some decent black card extras. So, what does the Macquarie Black Card with Macquarie Reward Points have to offer? Situated one step up from Macquarie’s platinum card, this card steps up both the extras and the intro offers. Let’s get into the intro offers first.

As a new cardholder, you can take home 60,000 bonus Macquarie Reward points when you spend $3,000 on the card within the first 60 days. As you would expect, this is a bigger points boost than what’s on offer on the platinum card. Similarly, the everyday earn rate on the black card is higher, allowing cardholders to earn 2 Macquarie Reward points per $1 spent, uncapped.

So, what can you spend those points on? The Macquarie Rewards program seems to focus on gift cards and cashback, as these are the only redemption options mentioned on the bank’s site and terms. While there is also no info on the value of points earned, this is something you can find out when tracking and redeeming points via the bank’s app and online banking options.

Helping to offer new cardholders value, the card is also currently offering a discounted annual fee for the first year. With this reduced annual fee and the card’s bonus points, you could really boost your points earn in the first year. But, bear in mind, you may have to work harder to see value on your rewards when the standard annual fee kicks in.

Adding other cardholders to your account could help with this. You can add up to four additional cardholders to the account with no annual fee. This not only helps to simplify family finances, it could also add more spending power to your account, allowing you to earn points faster and get more value from the card.

Last on the list of intro offers is the card’s balance transfer offer. Giving you 0% p.a. on balance transfers for 14 months, this could let you transfer an existing card balance to pay it down faster, as you pay nothing in interest on it. Remember that any unpaid transferred balance reverts to the card’s purchase rate, which is not particularly low.

What’s not so great...

Let’s talk a bit more about that interest rate. You will often find premium cards such as this have a high purchase rate. Yes, this card offers plenty in the way of intro offers and extras, and yes, it offers the opportunity to earn rewards – but if you want to make the most of all that, you need to avoid interest costs accumulating.

You can do this by paying off your balance transfer within the intro period. Once you’ve cleared your balance transfer, you can take advantage of up to 55 days interest free on purchases as long as you clear your balance by the due date each month.

Why should you choose this card?

This card is all about the extras, so naturally, it would likely suit a cardholder who wants more from their card, earning rewards while also enjoying valuable features. Time to run through some of the features you could benefit from on the Macquarie Black Card with Macquarie Reward Points.

  • 24/7 Concierge Service: You can access the card’s concierge service around the clock, to gain assistance with anything from organising travel arrangements to ordering a gift for that someone special.
  • Airport Fast Track and Meet and Greet: At more than 400 airports around the world, you can benefit from the services of an Airport Concierge, assisting you with both arrival and departure. Expedited transfer through immigration and security is provided where available. Service charges apply.
  • Discounted Concierge Limo Service: You can benefit from 20% off Concierge Service limousine travel when you book through the concierge and pay for it on your card.
  • Overseas Airport Lounge Access: You will have access to more than 750 airport lounges around the world, to enjoy a more relaxing travel experience complete with complimentary refreshments and snacks. Service charges apply, excludes airport lounges in Australia.
  • Complimentary Insurance: You can enjoy peace of mind thanks to 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 your purchases.
  • Visa Entertainment: You can access exclusive events and ticket pre-sales, with offers on music, movies, theatre and home entertainment with Visa Entertainment.

Overall Rating

Providing access to a wide range of black card perks, the Macquarie Black Card with Macquarie Reward Points entices you with a range of intro offers, including 60,000 bonus Macquarie Reward points, a discounted annual fee in the first year, and 0% p.a. on balance transfers for 14 months.

Showing one question (showing the latest 10 Q&As)

Onofrio D'Onghia

Onofrio D'Onghia

4 August 2019
How does the airport lounge access work in detail
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 August 2019
    Checking the MacBank site. From business trips to Singapore or family holidays to Bali, access over 750 airport lounges around the world, regardless of class of travel or airline you’re flying. Call our 24/7 Concierge Service on +61 2 9273 2705 to find out what lounges are available for your next trip and get a quote for access for you and your family. Service charges apply, excludes airport lounges in Australia. I cannot find any more information from their site.

Macquarie Black Credit Card

Receive 60,000 bonus Macquarie Reward points when you apply for a Macquarie Black Credit Card and you spend $3,000 on eligible purchases within 60 days of approval.

Key features

  • 60,000 bonus Macquarie Reward points when you spend $3,000 on the card within the first 60 days
  • $99 first year primary cardholder annual fee then $249 ongoing
  • Earn 2 Macquarie Reward points per $1 spent, uncapped
  • $0 international transaction fees
  • 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
  • Be over 18 years old
  • Good credit and 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
Macquarie Black Credit Card
Macquarie Black Credit Card

Macquarie Bank Credit Cards

Macquarie Black Credit Card

Updated 13 September 2019

Points Earn Rate (per $1 spent)

2

points

Rewards

Rewards Program

Macquarie Rewards

Bonus Points

60,000 pts

Spend $3,000 within first 60 days

0 points over 12 months spend

My monthly card spend

Pros and cons

  • 60,000 bonus Macquarie Reward points when you spend $3,000 on the card within the first 60 days
  • Discounted annual fee the first year
  • Earn 2 Macquarie Reward points per $1 spent, uncapped
  • 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
  • $0 international transaction fees

  • Ongoing annual fee of $249 p.a.

Creditcard.com.au review

Editor Review

Macquarie Black Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Macquarie Black Card with Macquarie Reward Points

By applying for the Macquarie Black Card with Macquarie Reward Points, you can pick up 60,000 bonus Macquarie Reward points simply by spending $3,000 on the card within the first 60 days. Aside from some very nice traveller-focussed black card extras, the card also offers a discounted annual fee in the first year, and 0% p.a. on balance transfers for 14 months.

What we love...

When you sign up for a black card, you expect to benefit from some decent black card extras. So, what does the Macquarie Black Card with Macquarie Reward Points have to offer? Situated one step up from Macquarie’s platinum card, this card steps up both the extras and the intro offers. Let’s get into the intro offers first.

As a new cardholder, you can take home 60,000 bonus Macquarie Reward points when you spend $3,000 on the card within the first 60 days. As you would expect, this is a bigger points boost than what’s on offer on the platinum card. Similarly, the everyday earn rate on the black card is higher, allowing cardholders to earn 2 Macquarie Reward points per $1 spent, uncapped.

So, what can you spend those points on? The Macquarie Rewards program seems to focus on gift cards and cashback, as these are the only redemption options mentioned on the bank’s site and terms. While there is also no info on the value of points earned, this is something you can find out when tracking and redeeming points via the bank’s app and online banking options.

Helping to offer new cardholders value, the card is also currently offering a discounted annual fee for the first year. With this reduced annual fee and the card’s bonus points, you could really boost your points earn in the first year. But, bear in mind, you may have to work harder to see value on your rewards when the standard annual fee kicks in.

Adding other cardholders to your account could help with this. You can add up to four additional cardholders to the account with no annual fee. This not only helps to simplify family finances, it could also add more spending power to your account, allowing you to earn points faster and get more value from the card.

Last on the list of intro offers is the card’s balance transfer offer. Giving you 0% p.a. on balance transfers for 14 months, this could let you transfer an existing card balance to pay it down faster, as you pay nothing in interest on it. Remember that any unpaid transferred balance reverts to the card’s purchase rate, which is not particularly low.

What’s not so great...

Let’s talk a bit more about that interest rate. You will often find premium cards such as this have a high purchase rate. Yes, this card offers plenty in the way of intro offers and extras, and yes, it offers the opportunity to earn rewards – but if you want to make the most of all that, you need to avoid interest costs accumulating.

You can do this by paying off your balance transfer within the intro period. Once you’ve cleared your balance transfer, you can take advantage of up to 55 days interest free on purchases as long as you clear your balance by the due date each month.

Why should you choose this card?

This card is all about the extras, so naturally, it would likely suit a cardholder who wants more from their card, earning rewards while also enjoying valuable features. Time to run through some of the features you could benefit from on the Macquarie Black Card with Macquarie Reward Points.

  • 24/7 Concierge Service: You can access the card’s concierge service around the clock, to gain assistance with anything from organising travel arrangements to ordering a gift for that someone special.
  • Airport Fast Track and Meet and Greet: At more than 400 airports around the world, you can benefit from the services of an Airport Concierge, assisting you with both arrival and departure. Expedited transfer through immigration and security is provided where available. Service charges apply.
  • Discounted Concierge Limo Service: You can benefit from 20% off Concierge Service limousine travel when you book through the concierge and pay for it on your card.
  • Overseas Airport Lounge Access: You will have access to more than 750 airport lounges around the world, to enjoy a more relaxing travel experience complete with complimentary refreshments and snacks. Service charges apply, excludes airport lounges in Australia.
  • Complimentary Insurance: You can enjoy peace of mind thanks to 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 your purchases.
  • Visa Entertainment: You can access exclusive events and ticket pre-sales, with offers on music, movies, theatre and home entertainment with Visa Entertainment.

Overall Rating

Providing access to a wide range of black card perks, the Macquarie Black Card with Macquarie Reward Points entices you with a range of intro offers, including 60,000 bonus Macquarie Reward points, a discounted annual fee in the first year, and 0% p.a. on balance transfers for 14 months.

User reviews

Macquarie Black Credit Card ( based on 1 Creditcard.com.au user review )

60% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 20.70% p.a.

Cash advance rate 21.95% p.a.

Interest free 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 N/A

Banks you can't balance transfer from Macquarie Bank

Credit limits

Minimum credit limt N/A

Maximum credit limit N/A

Fees & repayments

Annual fee $249 p.a.

Additional card holder fee Up to 4 at $0 p.a.

Foreign transaction fee 0%

Minimum repayment 2.5%

Annual fee the first year $99

Cash advance fee 3%

Late payment fee $35

Rewards and points

Rewards program

Rewards Program Macquarie Rewards Macquarie Rewards

Bonus points 60,000 Rewards points

Annual points cap uncapped

Bonus points spend criteria Spend $3,000 within first 60 days

Earning points with this card

Rewards pointsRewards points 2 points per $1 spent

Points cap per month N/A

Overseas earn rateOverseas 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

Macquarie Black Credit Card

Receive 60,000 bonus Macquarie Reward points when you apply for a Macquarie Black Credit Card and you spend $3,000 on eligible purchases within 60 days of approval.

Key features

  • 60,000 bonus Macquarie Reward points when you spend $3,000 on the card within the first 60 days
  • $99 first year primary cardholder annual fee then $249 ongoing
  • Earn 2 Macquarie Reward points per $1 spent, uncapped
  • $0 international transaction fees
  • 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

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

Showing one question (showing the latest 10 Q&As)

Onofrio D'Onghia

Onofrio D'Onghia

4 August 2019
How does the airport lounge access work in detail
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 August 2019
    Checking the MacBank site. From business trips to Singapore or family holidays to Bali, access over 750 airport lounges around the world, regardless of class of travel or airline you’re flying. Call our 24/7 Concierge Service on +61 2 9273 2705 to find out what lounges are available for your next trip and get a quote for access for you and your family. Service charges apply, excludes airport lounges in Australia. I cannot find any more information from their site.

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