- Earn up to $94 in gift cards when you spend $10,000 per month on your Black card with Macquarie Rewards
- Earn 2 Macquarie Reward points per $1 spent, uncapped
- Complimentary overseas travel Insurance for you, your spouse and any dependent children
- $0 international transaction fees
- $249 annual fee
- Access Visa exchange rates with no additional fees on top
- 24/7 concierge service and limousine discounts
- Eligible with Apple Pay and Google Pay
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Macquarie Bank Credit Cards
Macquarie Black Credit Card
Updated 8 July 2025
A big earner and travel buddy, the Macquarie Black card lets you earn uncapped points. If you spend $10,000 per month on your card, you can earn up to $94 in gift cards with Macquarie Rewards. Plus, enjoy a range of complimentary insurance covers, $0 fees on international online and in-store purchases, and Visa exchange rates with no extra fees on top.
Terms and conditions apply
Points Earn Rate (per $1 spent)
2 points
RewardsRewards Program
Macquarie Rewards
Bonus Points
N/A
Pros and cons
- Does not offer a balance transfer facility
Creditcard.com.au review
Editor Review
Macquarie Black Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Macquarie Black Card with Macquarie Reward Points
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?
As a rewards card, the everyday earn rate on the black card is higher, allowing cardholders to earn 2 Macquarie Reward points per $1 spent, uncapped.
The Macquarie Rewards program seems to focus on gift cards and cashback. You can earn up to $94 in gift cards when you spend $10,000 per month on your Black card with Macquarie Rewards. You can track and redeem points via the bank’s app and online banking options.
Adding other cardholders to your account could help you boost your points earn. You can add up to four additional cardholders to the account at no extra cost. This not only helps to simplify family finances, but it could also add more spending power to your account, allowing you to earn points faster and get more value from the card.
What’s not so great...
You'll 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.
One way to steer clear of interest charges is to 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.
- 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.
- Visa exchange rate: No additional fees are added to the exchange rate, making overseas spending cheaper.
- Complimentary Insurance: You can enjoy peace of mind thanks to overseas travel insurance for you, your spouse and any dependent children.
- Buying Insurance: Card Purchase Cover and Buyer’s Advantage Cover on eligible 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 no international purchase fees and great travel extras thrown in, all for a reasonable annual fee.
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
Credit limits
Minimum credit limit $15,000
Maximum credit limit N/A
Fees & repayments
Annual fee $249 p.a.
Additional cardholder fee Up to 4 at $0 p.a.
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 
Macquarie Rewards
Bonus points N/A
Annual points cap uncapped
Bonus points spend criteria N/A
Earning points with this card
Rewards Rewards points 2 points per $1 spent
Points cap per month N/A
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 Yes
Extras
Travel insurance underwritten by Chubb Insurance Australia Limited
Eligible with Apple Pay and Google Pay
Overview
Macquarie Black Credit Card
The Macquarie Black Credit Card is a strong points earner with uncapped rewards and travel-friendly features. Earn up to $94 in gift cards each month when you spend $10,000 using Macquarie Rewards. You’ll get 2 points per $1 spent, plus complimentary overseas travel insurance for you and your family. Enjoy $0 international transaction fees, access Visa exchange rates with no added costs, and take advantage of 24/7 concierge service and limousine discounts. Annual fee is $249. Compatible with Apple Pay and Google Pay. T&Cs apply.
Key features
- $249 annual primary cardholder fee
- Earn 2 Macquarie Reward points per $1 spent, uncapped
- $0 international transaction fees on purchases
- Visa exchange rates with no additional charges
- Complimentary Overseas Travel Insurance for you, your spouse and any dependent children
- Eligible with Apple Pay and Google Pay
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
A permanent resident of Australia, and be pairing the card with a home loan or be a Private or Business Bank client
-
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 9 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
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question13 questions (showing the latest 10 Q&As)
How can i found out the list of airport lounge that i can access with Macquarie CC?
Hi Alex, Macquarie isn’t aligned with one lounge service. Instead, they say you can access over 750 airport lounges overseas and you have to call the concierge service to find out what lounges are available for your trip. It also says service charges apply, so it’s possible you still have to pay for it.
I see that you've updated the annual fee, now $249 up from $149 from 1 July 2024, however Maq also "enhanced" the points redemption rates from 1 July 2024. So your example of $54 in gift cards for $5000 spend should now be about $47. This was the best value Black Cr card IMO but, with the new enhancements, I've now moved on (to ANZblack but DYOR)
Hi Tony, thanks for the update. I’ve changed the points redemption amount as per Macquarie’s new rate.
HI , I am going to brasil with my kids on the 23rd this month. we bought our tickets with our visa black + points. what travel insurance is included in this? Also, we are stoping in Aukland - NZ, Santiago - CH , Sao Paulo and Rio -BR, what lounges do i have access with this card? thank you
Hi Erica, sounds like a fabulous trip! The Macquarie Black insurance will apply if you meet eligibility, which includes buying your airfares on the card. You can find the full eligibility on the PDS, which is worth reading to know what you’re covered for. Macquarie doesn’t have a list of lounges available. Instead, it says to call the concierge service on +61 2 7907 0815 to book your lounge visit before you travel. All the best Erica!
what airport lounges are available for black card holders
Hi Anne Marie, you’re actually on Creditcard.com.au, Australia’s top credit card comparison site. While searching for details, I couldn't find a specific list of available lounges from Macquarie. However, you can reach out to their customer service at +61 2 7907 0815 to obtain the lounge listings for your next trip.
what's the minimum credit card
Hi John! There are a few minimums you might be talking about, so I’ll go through each one. The minimum credit limit is $15,000. The minimum repayment each statement period is 2.5% or $50, whichever is greater. Lastly, the minimum income for you to apply is $70,000p.a. Thanks John, hope that helps.
How does the airport lounges work? Just need to show the card for free access? which airport lounges are available for use?
Hi Alice, yes you just need to show your card at the lounge for access. And I checked that you can definitely access more than 750 airport lounges worldwide with the Macquarie Black card. You can call their Concierge Service at +61 2 7907 0815 for further information and to check what lounges are available for your next trip.
When redeeming awards is it approx. 20,000 points for all e gift cards and can they be printed and used physically in the store?
Hi John, those are great questions! I did a deep dive on this and you’ll actually get an eGift card or cashback. Redemption for eGift cards actually start from 3,850 points for a $20 gift card. eGift cards are mostly digital and you’ll probably get a code you add to your account, or as a coupon code at checkout. You can redeem your Macquarie Rewards points either via their online banking or their banking app.
Do I have to pay any fees and pay for the card if I do I will not get it and I will rate it a0/0
Hi Alex, the Macquarie Black card comes with an annual fee of $149 each year. If you're looking for a credit card with no annual fees, you can start a comparison right here on CreditCard.com.au
When will Macquarie Bank restart applications for personal credit cards? They've been on pause for 24 months now as of Feb 2022
Hi Jason, unfortunately, we don’t have information as well on when Macquarie Bank will reopen for credit card applications. However, you can always reach out to them directly at 13 31 74 for updates.
additional card holder is free or any fees?
Hi Shiva, on the Macquarie black credit card you can have up to 4 additional cardholders for free and any more than 4 are $10 per year each.
Hi there I currently have this creditcard... what is the maximum credit limit???
Hi Antonio, there is no defined credit limit supplied by Macquarie for this card. If you would like a credit limit increase. Reach out to Macbank customer service.
If I have 100000 points what would be the actual reward in the form of a credit to my card that I would receive if I cashed them in ? And can I set up an auto repay from a Macquarie offset account to the Macquarie Black Card ?
Hi Bill, How can I redeem my points? You can redeem your points at any time via the Macquarie Mobile Banking app or Macquarie Online. I do not have access myself to the rewards program. Though check in the app or on the website. Most providers do allow for cash back using points. Though I am not sure if Macbank does. In regards to the direct debit - yes you can do this. Have a look at this page and download the form - https://www.macquarie.com/au/personal/credit-cards/expertise/setting-up-direct-debit/
How does the airport lounge access work in detail
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.
BEETEE
19 June 2023I have this card mainly for the (no longer offered) Qantas points @ 1:1 up to $4000 & its 0% international transaction fees. I did a rough calculation that I was only paying an additional 0.04% (to Visa) for all my payments when travelling on this card. Great for security when travelling through multiple countries. Macquarie's customer service is also great. For only a $149.00 annual fee, I think this is great value.
Recommends this card