Targeted at a more exclusive audience, this Macquarie Black Credit Card offers a range of premium benefits designed to provide a unique financial experience. It’s not just a credit card—it comes with included insurance and rewards.
Moreover, it’s designed to never let you down because you can add it to digital wallets. Even if you lose or damage your card, you can still make purchases until you receive a new physical card.
If you value earning bonuses on your payments and extra services for travel, these are additional reasons to consider this credit card. Check out the full details below.
Benefits of Macquarie Black Credit Card
- Abundant points program: You’ll earn 2 points per dollar spent on any purchase. If your spending exceeds $10,000, each dollar will convert into 0.5 Macquarie Reward points.
- Freedom of choice: Redeem your points for gift cards or cashback through the Macquarie Marketplace within the app.
- Exclusive lounges: Enjoy comfort and experiences with access to VIP airport lounges worldwide.
- Comprehensive travel insurance: Protection for you and your family on international trips, helping you save significantly on unexpected costs.
- Personal concierge: 24/7 assistance to help with restaurant reservations, events, and other personal needs.
- No foreign transaction fees: Valid for purchases both in-store and online.
- Up to 55 interest-free days on purchases.
Limitations
As a premium credit card with significant services, its sophistication is reflected in the high annual fees, which may not be worth it if you don’t fully utilise the benefits.
If you’re concerned about avoiding interest charges, always pay your balance in full by the due date. Interest rates are variable and may change, so keep an eye on the terms.
Another important factor is the strict eligibility requirements, which limit access to a select group of customers.
Key Fees of Macquarie Black Credit Card
- Annual fee: $249 for new customers.
- Interest rate: 20.70% on purchases and 21.95% on cash advances.
- International transaction fee: $5 or 3% of the transaction value, whichever is greater.
- Additional charges: Late payment fees, which may vary depending on the outstanding balance.
Our Opinion
The perks and extra services are appealing, but if you don’t travel often, you might not fully take advantage of them.
However, the rewards program on this credit card is excellent, especially if you get additional cards that also contribute to earning more points. This benefit stands out because it’s an easy reward to earn—just by using the card, which is something you’d be doing anyway, and there’s no points cap.
Plus, any expense counts, whether it’s in-store, online, in Australia, or abroad. If you’re looking for a credit card with lots of features, this one is definitely a solid choice!