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MacquarieMacquarie Black
MacquarieMacquarie Platinum
Credit cards · Side by side
Macquarie Black vs Macquarie Platinum
vs
Compare on
First-year value after costs, on an assumed $2,000 a month
−$23
$226 rewards, less costs
−$36
$113 rewards, less costs
Macquarie Black's first-year value is $13 higher than Macquarie Platinum's, on an assumed $2,000 a month.
An assumed $2,000 a month on the card. Drag to try yours
Figure by figure
First-year value
after costs, on an assumed $2,000 a month
−$23
$13 more · Higher value after costs
−$36
Sign-up bonus
in dollars, points at what a point buys
None
None
Annual fee
ongoing, with any rewards program fee
$249
$149
$100 less · Lower annual fee
First-year fee
$249
the same as later years
$149
the same as later years
$100 less · Lower first-year fee
Rewards program
Macquarie Rewards
0.47¢ a point
Macquarie Rewards.
0.47¢ a point
Earn rate
on everyday spend, at what a point buys
2
Macquarie Rewards points per $1 · about 0.94% back
0.47% more back · Higher earn rate
1
Macquarie Rewards. points per $1 · about 0.47% back
Purchase rate
20.70%
a year
20.70%
a year
Interest-free days
on purchases, at most
55 days
55 days
Overseas transaction fee
None
of each overseas purchase
None
of each overseas purchase
Cash advance rate
20.70%
a year
20.70%
a year
Additional cardholder fee
None
a year for each extra card
None
a year for each extra card
Minimum credit limit
$15,000
$6,000
Minimum income
$70,000
a year
$50,000
a year
Complimentary travel insurance
No
No
Airport lounge access
No
No
Network
Visa
Black
Visa
Platinum
Over time
Each card's figure as it stood each week since we began tracking cards. A move shows as ▲ or ▼ in the week it happened.
As of 14 October 2026, Macquarie Black charges $249 a year and its sign-up offer is no sign-up bonus; Macquarie Platinum charges $149 a year and its sign-up offer is no sign-up bonus. Points are valued at what a point buys (a bank's own points at its gift card rate, airline points at 0.8¢), and the value after costs is worked out on the spend above. Each row says which figure is higher or lower; it doesn't rank the cards.
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