MyCard Prestige Qantas

Name: MyCard Prestige Qantas
Brand: MyCard

22.49%

Purchase rate

$749

Annual fee

125,000

Bonus points

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CardIQ

33Basic

Basic

Overall score, out of 100 · How this works

Airport lounge24
Balance transfer49
Frequent flyer31
Qantas Points31
Rewards26
Sign-up bonus48
Travel23

Customer reviews

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Pros & cons

What's good

125,000 bonus Qantas Points to start, worth around $1,500 at our 1.2c-per-point valuation.
6 months at 0% p.a. on balance transfers, shorter than the 12-month median (no transfer fee, reverts to 22.99% p.a.).
Complimentary airport lounge access.
No fee to add an additional cardholder.

Worth noting

The $749 annual fee is high for a Standard card, where the typical fee is about $50.
The 22.49% p.a. purchase rate sits in the most expensive quarter of cards (the median is 18.99% p.a.) if you carry a balance.
Earns 0.5 points per $1 on everyday spend, below the dataset average.
3.5% foreign transaction fee on overseas spending, at the high end of the market.

Card details

The basics

Additional cardholder fee: $0 p.a.
Card tier: Standard
Card type: Mastercard
Card use: Personal
Credit limit: $20,000 – $100,000
Credit rating: Good
Rewards program: Qantas Frequent Flyer

Eligibility

Instant approval: No
Joint application: No
Minimum age: 18 years old
Minimum income: Not specified
Residency: Australian citizen or permanent resident
Temporary residents: Not eligible

Rates & fees

Ongoing interest rates

Cash advances: 22.99% p.a.
Purchases: 22.49% p.a.

Fees

Additional cardholder fee: $0
Annual fee: $749 p.a.
Cash advance fee: 3.5% of the amount
Foreign transaction fee: 3.5%
Late payment fee: $30

Repayments

Interest-free period: Up to 44 days on purchases
Minimum repayment: 2% of the closing balance or $25, whichever is greater

Balance transfers

Can't transfer from: Coles, Kogan Money, MyCard, NAB, Qantas Money
Limit: Up to your available credit limit
Period: 6 months
Promotional rate: 0% p.a.
Revert rate: 22.99% p.a.
Transfer fee: 0%

While you carry a transferred balance you may not receive interest-free days on new purchases.

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: 0.5 pts per $1
Bonus categories: None
Other purchases: None
Overseas spend: None
ATO/government: None
Reduced rate above monthly cap: None
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: 125,000 points

Where these points could take you

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

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

Sign-up bonus$1,500Top 25% (12th of 58 cards)

Rewards value$216 a yearMiddle of the market (54th of 94 cards)

Balance transfer0% for 6 monthsNot as good as most cards (31st of 44 cards)

Interest-free days44 daysNot as good as most cards (141st of 191 cards)

Overseas fee3.50%Not as good as most cards (152nd of 199 cards)

Purchase rate22.49%Among the weakest we track (170th of 195 cards)

Annual fee$749 a yearAmong the most expensive (196th of 199 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Sources

Credit Card Compare: Australian credit card statisticsHow CardIQ scores cards
Issuer: MyCard
Program: Qantas Frequent Flyer