Macquarie Black Card Review

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Receive 60,000 bonus Macquarie Reward Points when you meet the minimum spend requirement, plus receive complimentary insurances with the Macquarie Black Card.

Manage your expenses wisely and indulge in premium features with the Macquarie Black Card. This card offers Macquarie Rewards allowing you to earn points as you spend on your card. Plus, you’ll rack up a bonus 60,000 Macquarie Reward points when you spend $3,000 within 60 days of approval.

0% p.a.

Balance transfer rate

for 14 months


Bonus points

20.7% p.a.

Purchase rate


Reward points

Per $ spent (Visa/Mastercard)


Product NameMacquarie Black Card
Rewards ProgramMacquarie Credit Card Rewards Program
Balance Transfer Rate0% p.a. for 14 months
Balance Transfer Revert RatePurchase Rate (20.7% p.a.)
Purchase Rate20.7% p.a.
Annual Fee$99 for the first year ($249 thereafter)
Interest Free Period55 days
Cash Advance Rate20.7% p.a.
Minimum Credit Limit$15,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)0%
Complimentary Travel InsuranceYes
Minimum Income$70,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo


  • A discounted annual fee of $99 applies on the first year.
  • Receive up to 60,000 bonus points when you apply, are approved and meet the required spend.
  • Earn 2 Macquarie Reward points for every $1 spent.
  • Request up to 4 additional cards for no extra fees.
Rewards ProgramMacquarie Credit Card Rewards Program
Bonus Points60,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)2
Annual Fee$99 for the first year ($249 thereafter)
Minimum Monthly Repayment2.5% of the closing balance or $50, whichever is greater
Late Payment Fee$35
Foreign Currency Conversion Fee (Visa/Mastercard)0%
Cash Advance Fee3% or $5, whichever is greater
Additional Cardholder Fee$0
Number of Additional Cardholders4

Benefits of the Macquarie Black Card

Some of the reasons you might want to consider the Macquarie Black Card include:

  • Bonus points offer. You’ll receive 60,000 bonus points if you spend $3,000 within the first 60 days.
  • Macquarie Rewards. You can earn up to 2 Macquarie Reward points per $1 spent on eligible purchases. You can redeem from an extensive range of rewards.
  • Balance transfer offer. Free yourself from debt with a 0% p.a. balance transfer offer for the first 14 months after approval. This will revert to the variable interest rate on purchases when the offer ends.
  • Interest-free days. If you pay your balance in full before the due date each month, you can enjoy up to 55 interest-free days on future purchases.
  • Complimentary insurances. So long as you meet the eligibility requirements, you’ll receive Overseas Travel Insurance for you, your spouse and any dependent children. Plus, you can also take advantage of Interstate Flight Inconvenience Insurance and Extended Warranty Insurance on your purchases.
  • Concierge service. Receive top service to help organise your tasks whether you’re booking a flight, picking a restaurant or buying the perfect gift, your own professional assistant is available over the phone 24/7.
  • Limousine travel. Arrive in style by booking a limousine transfer through your 24/7 Concierge service and receive 20% off your booking. These discounts are capped at $100 per year.

Features of the Macquarie Black Card

  • Reduced annual fee. The card has a reduced annual fee of $99 for the first year and reverts back to the standard annual fee of $249 thereafter, if you sign up for the Macquarie Rewards program.
  • Additional cards. You can receive up to 4 additional cards for no extra annual fee.
  • Purchase rate. You’ll pay an interest rate of 20.7% p.a. on all purchases.
  • Cash advances. Cash advances, such as ATM withdrawals, will collect 20.7% p.a.
  • Minimum repayment. If you conduct a balance transfer, each month you’ll need to pay a minimum repayment of either 2.5% of the total balance or $50, whichever is greater.
  • Security. You can shop safely thanks to Visa’s Zero Liability policy and 24/7 online account monitoring.

How to apply for the Macquarie Black Card

If you’ve compared your options and decided to apply for this card, you can begin your online application by selecting the green “Go to Site” button. Before you apply though, make sure you’ve met the following eligibility requirements and have organised the necessary documents to improve your chances of approval.

Eligibility criteria

  • Applicants must be at least 18 years old to apply.
  • Only permanent residents of Australia can apply.
  • You’ll need to have a good credit history to receive approval.
  • You must earn a minimum taxable income of $70,000.

Required documents

  • You’ll need to provide your Australian driver’s licence number.
  • You’ll be asked to provide your gross annual salary and monthly expenses.
  • Make sure to have your current employer’s contact details (address and phone number) ready. If you’re self-employed or retired, you’ll need to provide your accountant’s details.

The Macquarie Black Card offers both premium and practical features. As this isn’t the only Black rewards card on the market though, you’ll benefit from comparing your options before applying to determine whether it’s the right card for you.

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  1. Default Gravatar
    August 22, 2019

    Are these points transferable to airline awards, if so which ones exactly?

    Thank you

    • AvatarStaff
      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!


  2. Default Gravatar
    September 16, 2016

    What is MyCurrency personal shopper?
    And when does the $7 fee for information request apply as an example? Thanks

    • AvatarStaff
      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?



    • Default Gravatar
      September 20, 2016

      In list of card fees and charges


    • AvatarStaff
      September 22, 2016

      Hi Mariella thanks for the response, we can’t seem to find this detail on our end. Would you mind linking us to the page where this detail is outlined?



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