Macquarie Black Card
Data last updated 20 July 2026
20.70%
Purchase rate
$249
Annual fee
55 days
Interest-free
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CardIQ
55Good
Good
Overall score, out of 100 · How this works
- 55 days interest-free50
- No foreign fee63
- Rewards42
- Travel65
Customer reviews
No reviews yet. Be the first to review the Macquarie Black Card.
Pros & cons
What's good
- Complimentary international travel insurance.
- No foreign transaction fee on overseas or online spending.
- No fee to add an additional cardholder.
Worth noting
- The $249 annual fee is toward the top of the market (the median is $70).
- The 20.7% p.a. purchase rate sits above the 18.99% p.a. median if you carry a balance.
- The 2-point rate on everyday spend applies only to the first $10,000 spent each statement period, then drops to 0.5 points per $1.
- No balance transfer or introductory purchase offer.
Card details
The basics
- Additional cardholder fee
- $0 p.a.
- Card tier
- Black
- Card type
- Visa
- Card use
- Personal
- Credit limit
- $15,000 – $100,000
- Credit rating
- Good
- Rewards program
- Macquarie Credit Card Rewards Program
Eligibility
- Instant approval
- No
- Joint application
- No
- Minimum age
- 18 years old
- Minimum income
- $70,000 p.a.
- Residency
- Australian citizen or permanent resident
- Temporary residents
- Not eligible
Rates & fees
Ongoing interest rates
- Cash advances
- 20.70% p.a.
- Purchases
- 20.70% p.a.
Fees
- Additional cardholder fee
- $0
- Annual fee
- $249 p.a.
- Cash advance fee
- 3% of the amount
- Foreign transaction fee
- 0%
- Late payment fee
- $20
Repayments
- Interest-free period
- Up to 55 days on purchases
- Minimum repayment
- 2.5% of the closing balance or $50, whichever is greater
Balance transfers
This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.
Introductory purchase offer
This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.
Rewards
Earn rate
- Everyday spend
- 2 pts per $1 up to $10,000 per statement period
- Bonus categories
- None
- Other purchases
- None
- Overseas spend
- None
- ATO/government
- None
- Reduced rate above monthly cap
- 0.5 pts per $1 above $10,000 per statement period
- Points cap
- Uncapped
- Points expiry
- Points don't expire while your account is open and in order.
Sign-up bonus
- Bonus spend required
- —
- Sign-up bonus
- —
Complimentary insurance
Cover has conditions and exclusions, which are set out in the issuer's PDS. A missing row means we haven't captured that figure, not that the cover is absent.
Overseas travel
- Activation
- Prepay part of the trip on the card
- Age limit
- 85 years
- Excess
- $250
- Maximum trip length
- 90 days
- Not covered
- Pre-existing conditions, unless the insurer agrees in writing
- Underwriter
- Chubb Insurance Australia Limited
Rental vehicle excess
- Activation
- Book with the card and take the hire company's waiver
- Cover limit
- $5,000
- Excess
- $250
- Voids cover
- Unsealed roads, drink driving, a driver not on the agreement
- What it pays
- The hire company's excess, not the vehicle
Purchase protection
- Activation
- Pay for the item with the card
- Annual limit
- $25,000
- Cover period
- 90 days
- Excess
- $250
- Not covered
- Cash, consumables and animals
- Per-item limit
- $2,500
- Voids cover
- Leaving the item unattended in a public place
- What it pays
- Theft, loss and accidental damage
Extended warranty
- Activation
- Pay with the card for an item under manufacturer's warranty
- Annual limit
- $10,000
- Excess
- $250
- Not covered
- Anything the manufacturer's warranty already excluded
- Per-item limit
- $10,000
- What it pays
- Mechanical failure once that warranty ends
Where this card sits vs similar cards
Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.
FeatureThis cardWhere it ranks
Overseas feeNo feeTied for best (1st of 200 cards)
Interest-free days55 daysTop 10% (6th of 192 cards)
Rewards value$432 a yearTop 25% (13th of 95 cards)
Purchase rate20.70%Not as good as most cards (119th of 196 cards)
Annual fee$249 a yearNot as good as most cards (160th of 200 cards)
Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.
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Questions and answers
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Sources
- Credit Card Compare
- Australian credit card statisticsHow CardIQ scores cards
- Issuer
- Macquarie Bank