In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Macquarie Black Card
Terms and conditions apply
Purchase rate
20.7% p.a.
Reward points per $ spent
Annual fee
$149 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 $149 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 $149 annual fee, you’d also need to spend at least $14,438 per year or about $1,204 per month (which is enough to redeem $150 worth of eGift cards).


  • Earn 2 Macquarie Reward points for every $1 spent
  • 0% international transaction fees
  • Complimentary overseas travel insurance and buyer's advantage cover on purchases


  • A high standard annual fee of $149

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
From 1 July 2024, the annual fee will increase from $149 to $249.

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.


Product details

Product Name Macquarie Black Card
Purchase rate p.a.
Interest-free period
Up to 55 days on purchases
Cash advance rate p.a. 20.7%
Min credit limit $15,000
Card type Visa


Available to temporary residents No
Minimum income $70,000
Joint application No


Rewards program Macquarie Credit Card Rewards Program
Bonus points N/A
Rewards points per $ spent 2


Annual fee
Minimum monthly repayment 2.5% of the closing balance or $50, whichever is greater
Late payment fee $20
Foreign currency conversion fee
Cash advance fee 3% or $5, whichever is greater
Additional cardholder fee $0
Number of additional cardholders 4

How to apply

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. You'll also need to meet the following eligibility requirements and have all the required documents and details to complete your application.

Eligibility criteria

  • Minimum income. You must earn a minimum taxable income of $70,000.
  • Australian residency status. You can apply for this card if you are a citizen or permanent resident of Australia.

Card benefits

  • No foreign transaction fees. If you use the Macquarie Black credit card overseas or online with an international retailer, you won't have to pay a foreign transaction fee. This can save you around 2-3% compared to cards that charge a foreign transaction fee.
  • Macquarie Rewards. This card earns 2 Macquarie Reward points per $1 spent on eligible purchases. This covers most of your everyday spending, but exclusions include balance transfers, cash advances and BPAY payments. You can redeem your points for cash back on your account or digital gift cards with over 50 retailers including Amart, Bunnings Warehouse, Harvey Norman, JB Hi-Fi, Jetstar, Myer and Woolworths. Learn more about the Macquarie Rewards program in this guide.

Rates & fees

  • Annual fee. This card has a standard annual fee of $149, which is on par with other premium credit cards.
  • Additional cards. If you want to share this account with your partner or other family members, you can get up to 4 additional cards. While the Macquarie Black doesn't charge an additional cardholder fee, you will be responsible for all transactions and payments on the account.

Your reviews

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November 27, 2023

Are the 2 points per $1 spent available for overseas transactions?


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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October 18, 2023

Am I able to apply online through my Macquarie accounts?


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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July 13, 2023

Does Macquarie Black Card give airport lounge privileges?


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,




August 22, 2019


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!



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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?



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