The Finance Algorithm
Macquarie logoMacquarie

Macquarie Black Card

The Macquarie Black Rewards Credit Card is designed for customers who are willing to consider incurring (and are in a financial position to pay) a higher annual fee and/or interest rates in order to obtain the additional benefits of a rewards credit card.

Credit cardsBank updated 13 Mar 2026
Apply at Macquarie Bank Limited ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Purchase rate
20.70%
Cash advance
20.70%
Interest-free days
55
Annual fee
$249
Rewards
Macquarie Rewards
Macquarie_VISA_SIGNATURE_front_Masked-01_CDR

How it compares

This credit card in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This credit card: 20.70%Every other institution's lowest, 50 in all

Ongoing purchase rate, not introductory offers. One dot per institution, at its lowest credit card purchase rate anyone can apply for; hover or tap a dot for its name.

RateThis credit cardBest anywhereTypical institutionWhere it sits
Any credit cardOngoing purchase rate, not introductory offers20.70%7.49%Unity Bank's Low Rate Visa Credit Card12.49%of 51 institutions47th lowest of 51
Rewards cardOngoing purchase rate on a card that earns points20.70%12.99%Virgin Money Australia's Virgin Money Low Rate Credit Card20.99%of 25 institutions11th lowest of 25
Interest-free daysDays without interest on purchases when the balance is paid in full55 days62 daysBeyond Bank Australia's Low Rate Credit Card55 daysof 42 institutions2nd longest of 42, level with 30 others

Rates

Every rate Macquarie publishes for this credit card, 2 in all.

TypeApplies toTermBandRateComparisonConditions
Cash advance---20.70%--
Purchase---20.70%--

Fees

4 fees published, grouped by when they're charged.

While you hold it1

  • Annual Fee Primary Cardholder

    Waived credit card annual fee

    $249 a year

When you make a transaction2

  • Cash advance fee

    $5.00 or 3% of the value of the transaction, whichever is the greater. Waived Cash Advance fee

    3.00% of transaction
  • International purchase fee

    We don't charge fees for card purchases made or processed outside Australia but others, such as the banks of international merchants and foreign ATM operators, may charge fees for these transactions.

    No fee

If a payment is late or fails1

  • Late payment fee

    Waived Late Payment fee

    $20

Features

Digital bankingFraud protection55 interest-free daysApple Pay and Google PayMacquarie RewardsOverseas Medical Emergency, Expenses Cover, Trip Cancellation and Amendment Cover, Trip Delay Cover, Rental Vehicle Excess Cover, Card Purchase Cover and Buyer's Advantage Cover.
  • We don’t charge international purchase fees when you shop overseas or with international online retailers. Receive the Visa foreign exchange rate, with no additional fees or charges.
  • Concierge Service

Eligibility and limits

  • Minimum age 18
  • Residency: Must be permanent resident of Australia.
  • Minimum income $70,000
  • Amount from $15,000, no maximum
  • Approval is subject to Macquarie credit criteria and suitability assessment.
  • Credit cards may be made available for Macquarie home loan customers, Business Bank clients and Private Bank clients.

Published by Macquarie Bank Limited under the Consumer Data Right, last changed by them on 13 Mar 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.