Macquarie Black Card with Qantas Points

Last updated: Nov 5, 2020

Enjoy an introductory 20,000 bonus Qantas Points offer, complimentary travel insurance and overseas airport lounge access.

The Macquarie Black Card with Qantas Points offers you 20,000 bonus points when you apply, are approved and spend $2,000 on eligible purchases in the first 60 days.

You can also get 0% p.a. on balance transfers for the first 14 months from card approval.

0% p.a.

Balance transfer rate

for 14 months

20,000

Bonus points

20.7% p.a.

Purchase rate

Reward point

Per $ spent

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Details

Product Name	Macquarie Black Card with Qantas Rewards
Rewards program	Qantas Frequent Flyer
Balance transfer rate	0% p.a. for 14 months
Balance transfer revert rate	Purchase Rate (20.7% p.a.)
Purchase rate	20.7% p.a.
Annual fee	$149
Interest-free period	Up to 55 days on purchases
Cash advance rate	20.7% p.a.
Min credit limit	$15,000
Card type	Visa
Foreign currency conversion fee	0%

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

Pros

20,000 bonus Qantas points when you spend $2,000 on eligible purchases within the first 60 days
0% interest rate on balance transfers for 14 months
Complimentary overseas travel insurance and extended warranty on purchases

Cons

High standard annual fee of $149 p.a.

Rewards program	Qantas Frequent Flyer
Bonus points	20,000
Rewards points per $ spent	1

Annual fee	$149
Minimum monthly repayment	2.5% of the closing balance or $50, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	0%
Cash advance fee	3% or $5, whichever is greater
Additional cardholder fee	$0
Number of additional cardholders	4

Expert review

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

Macquarie’s Black Qantas credit card gives you a competitive earn rate of 1 Qantas Point per $1 spent on eligible purchases, up to $4,000 per statement period. After that, you’ll earn a lower rate of 0.5 points per $1 for the remainder of the statement period. You can also get 1 additional Qantas Point per $1 spent on Qantas products and services.

This premium frequent flyer credit card also comes with complimentary overseas travel insurance and interstate flight inconvenience insurance, a 24/7 concierge service, discounted limousine bookings and access to over 750 airport lounges around the world. It has an ongoing $149 p.a. annual fee and a 20.7% p.a. interest rate on purchases.

How to apply

You can apply for the Macquarie Black Card with Qantas Points online by filling out a secure application form. Get started by checking that you meet the eligibility requirements and have all the details and documents you need to provide.

Eligibility

Income. You must earn a minimum taxable income of $70,000 p.a.
New cardholder. The 20,000 bonus Qantas Points offer is only available to new applicants. You also won't be eligible if you have applied for a credit card as part of a Macquarie home loan package.

Residency status. Only permanent residents of Australia can apply.
Credit history. You need to have a good credit history to receive approval.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, date of birth, email address, phone number, residential address, residential status and relationship status. You also need to provide proof of ID, such as your driver's licence or passport.
Frequent flyer number. You need to provide your Qantas Frequent Flyer membership details to earn Qantas Points with this card. If you're not an existing member, you can get complimentary membership with this card when you apply via qantas.com/joinffmacquarie.
Employment details. This covers your salary, job title, length of employment and your employers contact details. You may also need to provide documents that verify these details, such as recent payslips or your accountant's contact information.
Financial details. This includes any savings, shares or other assets, as well as existing loans, cards and debts. You also need to give an estimate of your regular household expenses, including rent or mortgage payments, power bills and groceries.

Card benefits

20,000 bonus Qantas Points. If you're a new cardholder, you can collect a bonus 20,000 Qantas Points when you spend $2,000 in the first 60 days from card approval. That's enough for a return economy flight between Melbourne and Canberra (16,000 points) or a one-way economy flight between Perth and Sydney (18,000 points).
0% p.a. balance transfer offer. If you want to pay off existing card debt or consolidate your credit card accounts, this card offers 0% p.a. on balance transfers for the first 14 months from card approval. Note that you can only request balance transfers from cards not issued by Macquarie. At the end of the introductory period, a 20.7% p.a. interest rate applies to any balance remaining from the transfer. Note that balance transfers are not eligible for interest-free days.

Qantas Points per $1 spent. Receive 1 Qantas point per dollar spent on eligible purchases, up to $4,000 per statement period, then 0.5 Qantas Points per $1 for the remainder of the statement period. Eligible purchases cover most everyday spending – including on dining, petrol and supermarket shopping. Transactions that are not eligible include cash advances, balance transfers and account fees and charges.
Additional 1 point per $1 with Qantas. Earn an additional 1 Qantas Point per $1 spent on Qantas flights with a QF flight number, Qantas Frequent Flyer membership fees and Qantas Club membership fees when you pay directly through Qantas Australia.
Overseas airport lounge access. Relax before your next flight with access to over 750 airport lounges around the world, regardless of the class of travel or airline you're flying with. This offer excludes airport lounges in Australia and attracts service charges. For lounge options and pricing, call the 24/7 Concierge Service on +61 2 9273 2705.
Discounted limousine travel. Get 20% off limousine transfers when you book through the concierge service (discount capped at $100 per year).
Complimentary insurance. With this card you get complimentary overseas travel insurance, interstate flight inconvenience insurance, transport accident insurance, purchase security insurance and a global hire car excess waiver policy, well-suited for saving money and reducing hassle when travelling.
24/7 concierge service. This card's concierge service can help you with tasks such as booking airport lounges, flights and accommodation to making restaurant reservations and sourcing gifts. You can also arrange airport meet-and-greets, as well as fast-tracked transfers through immigration and security at participating airports. Call the concierge on +61 2 9273 2705 to start planning your next trip, event or special request.
Contactless payments. Use your eligible smartphone to tap and pay when you link your account with Apple Pay or Google Pay. You can also make contactless payments with your fitness tracker through Fitbit Pay and Garmin Pay.

Rates & fees

Annual fee. The Macquarie Black Qantas credit card charges an annual fee of $149 p.a.
Additional cardholders. If you want to share this account with someone, you can request up to 4 additional cards with $0 additional cardholder fees.

Purchase rate. This card has a 20.7% p.a. interest rate for purchases, which is higher than the purchase rates on some other black credit cards.
Interest-free days. If you pay the closing balance in full by the due date on your statement, you can get up to 55 days interest-free on purchases made with this card. Note that you won't be eligible for interest-free days if you carry a balance transfer debt or if you use the card for cash advance transactions.
Cash advances. If you use this card to withdraw cash or make any other cash advance transactions, a fee of $5 or 3% of the value of the transaction, whichever is the greater. You'll also attract the cash advance interest rate of 20.7% p.a. from the time the transaction is made.
Security features. This card offers 24/7 online account monitoring and Visa's Zero Liability policy for fraudulent transactions.

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Macquarie Black Card with Qantas Points