Credit Card Compare

MyCard Prestige

22.49%
Purchase rate
$700
Annual fee
250,000
Bonus points

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MyCard Prestige card
You may have seen us in
The Sydney Morning HeraldNews.com.auYahoo! FinanceDaily Mail Australia

CardIQ

49Fair

Fair

Overall score, out of 100 · How this works

  • Airport lounge41
  • Balance transfer49
  • Frequent flyer53
  • Rewards46
  • Sign-up bonus64
  • Travel36
  • Velocity Points53

Customer reviews

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Pros & cons

What's good

  • 250,000 bonus points to start, worth around $1,250 at our 0.5c-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.
  • Earns 3 points per $1 on bonus categories and 3 points per $1 on overseas spend.
  • Points transfer to Flybuys and Velocity Frequent Flyer.

Worth noting

  • The $700 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 1 point per $1 on everyday spend, around 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
MyCard Rewards

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
$700 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
1 pt per $1
Bonus categories
3 pts per $1 in bonus categories
Other purchases
None
Overseas spend
3 pts per $1 on overseas spend
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
250,000 points

Transfer partners

Flybuys
1 pt → 1 pt (≈ 1 pt per $1)
Velocity Frequent Flyer
2 pts → 1 pt (≈ 0.5 pts per $1)

Where these points could take you

Auckland
Flying Virgin Australia non-stop, using transferred Velocity points. Economy 17,900 pts, Business 35,500 pts.
London
Flying Qatar Airways via Doha, using transferred Velocity points. Economy 80,000 pts.
Los Angeles
Flying United Airlines non-stop, using transferred Velocity points. Economy 48,000 pts, Premium Economy 73,500 pts, Business 102,000 pts.
Singapore
Flying Singapore Airlines non-stop, using transferred Velocity points. Economy 29,000 pts, Premium Economy 57,500 pts, Business 74,000 pts.
Tokyo
Flying All Nippon Airways non-stop, using transferred Velocity points. Economy 45,000 pts.

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.

Sign-up bonus$1,250Top 25% (14th of 57 cards)
Balance transfer0% for 6 monthsNot as good as most cards (31st of 44 cards)
Rewards value$180 a yearNot as good as most cards (66th of 93 cards)
Interest-free days44 daysNot as good as most cards (141st of 190 cards)
Overseas fee3.50%Not as good as most cards (152nd of 198 cards)
Purchase rate22.49%Among the weakest we track (170th of 194 cards)
Annual fee$700 a yearAmong the most expensive (195th of 198 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
MyCard