As well as rewards, the Macquarie Black Credit Card offers complimentary travel insurance and no foreign transaction fees – both valuable features for travellers. But unless you pay the total balance off each month (to make use of interest-free days on purchases), a 20.7% p.a. interest rate applies to purchases.
Macquarie Black Card
![Macquarie Black Card](https://www.finder.com.au/niche-builder/60b450ff63e54.png)
- Purchase rate
- 20.7% p.a.
- Reward points per $ spent
- 2
- Annual fee
- $249 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
Offers 2 points per $1 on eligible spending, no foreign transaction fees and complimentary travel insurance, with a $249 annual fee.
The Macquarie Black is a rewards credit card that earns 2 points per $1 for your everyday spending, which you can redeem for eGift cards or cashback on your account. With this earn rate is competitive, keep in mind that some rewards cards offer a wider range of ways to use points. If you wanted these points to balance out the $249 annual fee, you’d also need to spend at least $26,595.50 per year or $2,216 per month (which is enough to redeem $250 worth of eGift cards).
Pros
-
Earn 2 Macquarie Reward points for every $1 spent
-
0% international transaction fees
-
Complimentary overseas travel insurance and buyer's advantage cover on purchases
Cons
-
A high standard annual fee of $249
Details
Product details
Product Name | Macquarie Black Card |
Purchase rate p.a. | Purchase rate p.a. 20.7% |
Interest-free period | Up to 55 days on purchases |
Cash advance rate p.a. | 20.7% |
Min credit limit | $15,000 |
Card type | Visa |
Eligibility
Available to temporary residents | No |
Minimum income | $70,000 |
Joint application | No |
Rewards
Rewards program | Macquarie Credit Card Rewards Program |
Bonus points | N/A |
Rewards points per $ spent | 2 |
Fees
Annual fee | Annual fee $249 |
Minimum monthly repayment | 2.5% of the closing balance or $50, whichever is greater |
Late payment fee | $20 |
Foreign currency conversion fee | Foreign currency conversion fee 0% |
Cash advance fee | 3% or $5, whichever is greater |
Additional cardholder fee | $0 |
Number of additional cardholders | 4 |
Your reviews
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Amy Finder
Editor
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Amy Bradney-George Finder
December 05, 2023
Hi Hayley,
Yes, this card earns points on eligible purchases overseas, such as hotel bookings, dining, entertainment, retail purchases and so on. But if you used this card to withdraw cash when you were overseas, you wouldn’t earn points as cash advance transactions are not classified as eligible spending. We’ve included details about eligible transactions in our review, and you’ll find further details in the rewards program terms and conditions or by contacting Macquarie directly. I hope this helps.
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John
October 18, 2023
Am I able to apply online through my Macquarie accounts?
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2022/07/AmyBG_Supplied_1000x1000.jpg)
Amy Bradney-George Finder
October 19, 2023
Hi John,
Macquarie Bank credit cards are currently only available as part of a Macquarie home loan package or for Macquarie Private Bank or Business Bank clients that meet certain criteria. So you’ll need to speak to a Macquarie home loan specialist or your broker to find out if you meet the criteria. I hope this helps.
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Kevin
July 13, 2023
Does Macquarie Black Card give airport lounge privileges?
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2022/12/ElizabethBarry_Finder_600x600.jpg)
Elizabeth Barry Finder
July 24, 2023
Hi Kevin,
This card does not come with any airport lounge access privileges. You can find a list of cards that offer these privileges here.
Hope this helps,
Elizabeth
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Richard
August 22, 2019
Hi
Are these points transferable to airline awards, if so which ones exactly?
Thank you
Jeni Finder
August 23, 2019
Hi Richard,
Thank you for getting in touch with Finder.
Macquarie Reward Points are not transferable to any airline rewards program but can be used to book flights. You can redeem your Macquarie Reward Points through the Macquarie mobile app and Macquarie online page if you have a sufficient number of Macquarie Reward Points for your selected reward.
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
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Mariella
September 16, 2016
What is MyCurrency personal shopper?
And when does the $7 fee for information request apply as an example? Thanks
Jonathan Finder
September 20, 2016
Hi Mariella, thanks for your inquiry!
The MyCurrency personal shopper service is a dedicated customer consultant that sources the reward you want from almost any vendor in Australia. It requires that you have a Macquarie Black Card or Macquarie Platinum Card and have accumulated 150,000 Macquarie Reward points. The value of the item requested must also be a minimum of $1,000.
In regards to the $7 fee for information request can you clarify where you have seen this detail please?
Cheers,
Jonathan
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Hayley
November 27, 2023
Are the 2 points per $1 spent available for overseas transactions?