On Macquarie Bank's website
Macquarie Black Credit Card with Macquarie Rewards
Balance transfer
N/A
Purchase rate
20.7% p.a. ongoing
Interest-free days
55 days
Annual fee
$249.00 p.a. ongoing
Highlights
- Earn 2 Macquarie Reward points per $1 spent.
- Receive up to $94 in gift cards when you spend $10,000 per month.
- Enjoy up to 4 free additional cardholders.
Pros and cons
Pros
Cons
About this credit card
Basics
Card usage
Apple Pay Enabled
Yes
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
No
Eligibility
Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Good, Very Good, Excellent
Minimum Income
$70,000.00
Temporary Residents Accepted
No
Additional cardholders
Additional Cardholders
4
Additional Card Fee Ongoing
$0.00
Credit limits
Minimum Credit Limit
$15,000.00
Maximum Credit Limit
N/A
Repayments
Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2%
Balance transfers
Balance transfer offer
Balance Transfer Rate
N/A
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A
Balance transfer conditions
Balance Transfer From Personal Loan
N/A
Balance Transfer Limit Percentage
N/A
Balance Transfer Revert Rate
N/A
Rates, fees, charges
Cash advances
Cash Advance Rate
20.7% p.a.
Cash Advance Fee
$5.00
Cash Advance Fee Percentage
3%
Cash Advance Fee Threshold
N/A
Purchases
Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
20.7% p.a.
Account fees
Annual Fee Initial Year
N/A
Annual Fee Ongoing
$249.00
Dishonour Fee
N/A
Duplicate Statement Fee
N/A
Foreign Exchange Fee Percentage
0%
Late Payment Fee
$20.00
Rewards
Rewards program basics
Rewards Program
Macquarie Rewards
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A
Rewards points per $1 spent
Domestic Rewards Points Earn Rate
2.00
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
2.00
Additional perks
Insurance
Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
Yes
Cardholder's International Travel Insurance
Yes
Cardholder's Interstate Flight Inconvenience
Yes
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
Yes
Cardholder's Purchase Protection Insurance
Yes
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
Yes
Travel and lifestyle
Airport Lounge Access Included
No
Concierge Service Included
Yes
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
No
Our review
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The basics
- Additional cardholders. You can add up to 4 additional cardholders for free on this credit card. Each additional cardholder (above 4) will cost $10 each. The main account holder will be responsible for managing the account and repayments.
- Digital wallets. This card is enabled for Apple Pay and Google Pay but not for Samsung Pay.
- Gambling transactions. Gambling transactions are not permitted with this card.
Rewards and benefits
- Complimentary travel insurance. The Macquarie Black Card with Macquarie Rewards comes with complimentary international travel insurance. To be eligible, the card must have been used to purchase travel expenses related to the trip before departure. Eligibility criteria apply.
- Concierge services. The Macquarie Black Card with Macquarie Rewards provides access to a 24 / 7 concierge service. You can use the concierge to help make travel reservations, find gifts and services, compare prices, and more.
- Insurances. Cardholders get fraud protection, purchase protection insurance, transport accident insurance, international travel insurance, and price protection insurance.
- Rewards points. The Macquarie Black Card with Macquarie Rewards earns 2 Macquarie Rewards points per $1 spent. You can earn up to $94 in gift cards when you spend $10,000 per month on your Black card with Macquarie Rewards. Balance transfers and cash advances are not eligible transactions for earning points.
- Sign up bonus. No sign up bonus right now.
Rates and fees
- Annual fee. The annual fee for this card is $249 p.a.
- Balance transfers. There is no introductory balance transfer offer on the Macquarie Black Card with Macquarie Rewards at the moment.
- Cash advances. All cash advances on the Macquarie Black Card with Macquarie Rewards will attract interest at 20.70% p.a., which begins accruing immediately from the date of the transaction. Additionally, there is a one-off cash advance fee.
- Foreign exchange fee. 0% international purchase fees on purchases made in a foreign currency.
- Interest-free period. Up to 55 days interest-free on purchases (except cash advances) when you make at least the minimum payment required each month.
- Purchases. There is no introductory offer on purchases with the Macquarie Black Card with Macquarie Rewards. Purchases made with this card will attract interest at the ongoing rate of 20.70% p.a. This rate is typical of a rewards-earning card such as this.
Reviewed by Credit Card Compare Staff
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