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Macquarie Black Qantas Rewards Credit Card
1 review

Macquarie Black Qantas Rewards Credit Card

points over 12 months Calculate your savings icon

Earn rate per $1

1 point

Capped at $4,000, then 0.5 pts per $1 spent

Qantas Frequent Flyer

Bonus points

40,000 points Spend $3,000 within first 60 days

Annual fee

$99 first year
then $299

Pros

40,000 bonus Qantas Points when you spend $3,000 on eligible purchases within 60 days of approval

Discounted annual fee the first year

0% p.a. on balance transfers for 14 months

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.

24/7 Concierge Service

Up to 4 additional cards at no extra cost

$0 international transaction fees

Cons

Ongoing annual fee of $299 p.a.

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

100% of customers who have rated this card would recommend it
  • Rates
    54%
  • Fees
    52%
  • Rewards
    57%
  • Customer Service
    59%
  • Value
    60%
Overall user rating 56%
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 $299 p.a.
Annual fee first year $99
Additional cardholder fee Up to 4 at no extra cost
Cash advance fee 3%
Foreign transaction fee 0%
Minimum repayment 2.5%
Late payment fee $35
Credit card type Visa
Rewards program
Rewards program Qantas Frequent Flyer Qantas Frequent Flyer
Bonus points 40,000 Qantas points
Annual points cap uncapped
Bonus points spend criteria Spend $3,000 within first 60 days
Earning points with this card
Qantas points 1 point per $1 spent
Overseas earn rate same as standard earn rate
Points cap per month Capped at $4,000, then 0.5 pts per $1 spent
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 Qantas Rewards 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 Qantas Points

With three intro offers currently on the table, the Macquarie Black Card with Qantas Points is offering 40,000 bonus Qantas Points after a $3,000 spend, a discounted annual fee in the first year, 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 40,000 bonus Qantas Points after spending $3,000 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, 40,000 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.

On to the second part of this card’s intro offer. As a new cardholder, you will benefit from a discounted annual fee in the first year. Bear in mind that after that first year, the annual fee almost triples, so you may find it harder to gain real value from the rewards you earn. But, 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 40,000 bonus Qantas Points, a discounted annual fee in the first year, and 0% p.a. on balance transfers for 14 months.

(showing the latest 10 Q&As)

Macquarie Black Qantas Rewards Credit Card

With the Macquarie Black Credit Card with Qantas Rewards you can receive 40,000 bonus Qantas Points when you spend $3,000 on eligible purchases within 60 days of approval. Discounted annual fee the first year.

Key features

  • 40,000 bonus Qantas Points when you spend $3,000 on eligible purchases within 60 days of approval
  • Discounted annual fee the first year
  • 0% p.a. on balance transfers for 14 months
  • Complimentary Overseas Travel Insurance for you, your spouse and any dependent children
  • $0 international transaction fees
  • Access over 750 airport lounges around the world, regardless of class of travel or airline you’re flying.
  • 24/7 Concierge Service
  • Up to 4 additional cards at no extra cost
  • 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 Qantas Rewards Credit Card
Macquarie Black Qantas Rewards Credit Card

Macquarie Bank Credit Cards

Macquarie Black Qantas Rewards Credit Card

Updated 13 September 2019

Points Earn Rate (per $1 spent)

1

point

Qantas

Rewards Program

Qantas Frequent Flyer

Bonus Points

40,000 pts

Spend $3,000 within first 60 days

0 points over 12 months spend

My monthly card spend

Pros and cons

  • 40,000 bonus Qantas Points when you spend $3,000 on eligible purchases within 60 days of approval
  • Discounted annual fee the first year
  • 0% p.a. on balance transfers for 14 months
  • 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.
  • 24/7 Concierge Service
  • Up to 4 additional cards at no extra cost
  • $0 international transaction fees

  • Ongoing annual fee of $299 p.a.
  • 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

Creditcard.com.au review

Editor Review

Macquarie Black Qantas Rewards 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 Qantas Points

With three intro offers currently on the table, the Macquarie Black Card with Qantas Points is offering 40,000 bonus Qantas Points after a $3,000 spend, a discounted annual fee in the first year, 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 40,000 bonus Qantas Points after spending $3,000 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, 40,000 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.

On to the second part of this card’s intro offer. As a new cardholder, you will benefit from a discounted annual fee in the first year. Bear in mind that after that first year, the annual fee almost triples, so you may find it harder to gain real value from the rewards you earn. But, 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 40,000 bonus Qantas Points, a discounted annual fee in the first year, and 0% p.a. on balance transfers for 14 months.

User reviews

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

56% 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 $299 p.a.

Additional card holder fee Up to 4 at no extra cost

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 Qantas Frequent Flyer Qantas Frequent Flyer

Bonus points 40,000 Qantas points

Annual points cap uncapped

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

Earning points with this card

Qantas pointsQantas points 1 point per $1 spent

Points cap per month Capped at $4,000, then 0.5 pts per $1 spent

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 Qantas Rewards Credit Card

With the Macquarie Black Credit Card with Qantas Rewards you can receive 40,000 bonus Qantas Points when you spend $3,000 on eligible purchases within 60 days of approval. Discounted annual fee the first year.

Key features

  • 40,000 bonus Qantas Points when you spend $3,000 on eligible purchases within 60 days of approval
  • Discounted annual fee the first year
  • 0% p.a. on balance transfers for 14 months
  • Complimentary Overseas Travel Insurance for you, your spouse and any dependent children
  • $0 international transaction fees
  • Access over 750 airport lounges around the world, regardless of class of travel or airline you’re flying.
  • 24/7 Concierge Service
  • Up to 4 additional cards at no extra cost

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 the latest 10 Q&As)

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