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Macquarie Black Credit Card
Macquarie Black Credit Card

Macquarie Bank Credit Cards

Macquarie Black Credit Card

Updated 27 November 2019

Points Earn Rate (per $1 spent)

2

points

Rewards

Rewards Program

Macquarie Rewards

Bonus Points

20,000 pts

Spend $2,000 within first 60 days

0 points over 12 months spend

My monthly card spend

Pros and cons

  • 20,000 bonus Macquarie Reward points when you spend $2,000 on the card within the first 60 days
  • $149 annual fee
  • 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
  • Eligible with Apple Pay

    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 20,000 bonus Macquarie Reward points simply by spending $2,000 on the card within the first 60 days. Aside from some very nice traveller-focussed black card extras, the card also offers 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 offer. Let’s get into the intro offer first.

    As a new cardholder, you can take home 20,000 bonus Macquarie Reward points when you spend $2,000 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.

    Adding other cardholders to your account could help you boost your points earn. 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 20,000 bonus Macquarie Reward points 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 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 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 $149 p.a.

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

    Foreign transaction fee 0%

    Minimum repayment 2.5%

    Cash advance fee 3%

    Late payment fee $35

    Rewards and points

    Rewards program

    Rewards Program Macquarie Rewards Macquarie Rewards

    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

    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 No

    Extras

    Eligible with Apple Pay

    Overview

    Macquarie Black Credit Card

    Receive 20,000 bonus Macquarie Reward points when you apply for a Macquarie Black Credit Card and you spend $2,000 on eligible purchases within 60 days of approval.

    Key features

    • 20,000 bonus Macquarie Reward points when you spend $2,000 on the card within the first 60 days
    • $149 annual primary cardholder fee
    • 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
    • Eligible with Apple Pay

    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.

    2 questions (showing the latest 10 Q&As)

    Bill

    Bill

    4 November 2019
    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 ?
      Roland B Bleyer - CreditCard.com.au Founder

      Roland

      4 November 2019
      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/
    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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