Macquarie Black Card with Qantas Points

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Enjoy an introductory 40,000 bonus Qantas Points offer, complimentary travel insurance and overseas airport lounge access

The Macquarie Black Card with Qantas Points offers you 40,000 bonus points when you apply, are approved and spend $3,000 on eligible purchases in the first 60 days.

0% p.a.

Balance transfer rate

for 14 months


Bonus points

20.7% p.a.

Purchase rate


Reward point

Per $ spent (Visa/Mastercard)


Product NameMacquarie Black Card with Qantas Rewards
Rewards ProgramQantas Frequent Flyer
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 ($299 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 ApplicationYes


  • 40,000 bonus Qantas points when you spend $3,000 on eligible purchases within the first 60 days
  • Discounted $99 first year annual fee
  • 0% interest rate on balance transfers for 14 months


  • High standard annual fee of $299 p.a.
Rewards ProgramQantas Frequent Flyer
Bonus Points40,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)1
Annual Fee$99 for the first year ($299 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

Expert review

Amy Bradney-George

Review by

Amy is an editor and writer at with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

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.

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.


  • Income. You must earn a minimum taxable income of $70,000 p.a.
  • New cardholder. The 40,000 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.

Card benefits

  • 40,000 bonus Qantas Points. If you're a new cardholder, you can collect a bonus 40,000 Qantas Points when you spend $3,000 in the first 60 days from card approval. That's enough for a return economy flight between Sydney and Perth (36,000 points) or a return business class flight between Melbourne and Sydney (32,000 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.

Rates & fees

  • Annual fee. The Macquarie Black Qantas credit card has an annual fee of $99 in the first year and $299 p.a. in subsequent years.
  • Additional cardholders. If you want to share this account with someone, you can request up to 4 additional cards with $0 additional cardholder fees.

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