MyCard Rewards - Purchase and Balance Transfer Offer
22.49%
Purchase rate
$199
Annual fee
44 days
Interest-free
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35Basic
Basic
Overall score, out of 100 · How this works
- 0% purchase36
- Balance transfer57
- Frequent flyer27
- Rewards28
- Velocity Points27
Customer reviews
No reviews yet. Be the first to review the MyCard Rewards - Purchase and Balance Transfer Offer.
Pros & cons
What's good
- 15 months at 0% p.a. on balance transfers, longer than the 12-month median (2% transfer fee, reverts to 22.99% p.a.).
- 15 months at 0% p.a. on purchases (reverts to 22.49% p.a.).
- Points transfer to Flybuys and Velocity Frequent Flyer.
Worth noting
- The $199 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
- $90 p.a.
- Card tier
- Standard
- Card type
- Mastercard
- Card use
- Personal
- Credit limit
- $2,000 – $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
- $90
- Annual fee
- $199 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
- 15 months
- Promotional rate
- 0% p.a.
- Revert rate
- 22.99% p.a.
- Transfer fee
- 2%
While you carry a transferred balance you may not receive interest-free days on new purchases.
Introductory purchase offer
- Intro purchase period
- 15 months
- Intro purchase rate
- 0% p.a.
- Reverts to
- 22.49% p.a.
The intro rate applies to new purchases for the period shown, then reverts to the standard purchase rate.
Rewards
Earn rate
- Everyday spend
- 1 pt 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
- —
Transfer partners
- Flybuys
- 1 pt → 1 pt (≈ 1 pt per $1)
- Velocity Frequent Flyer
- 5 pts → 2 pts (≈ 0.4 pts per $1)
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
Balance transfer0% for 15 monthsBetter than most (12th of 44 cards)
Rewards value$180 a yearNot as good as most cards (67th of 94 cards)
Interest-free days44 daysNot as good as most cards (141st of 191 cards)
Annual fee$199 a yearNot as good as most cards (151st of 199 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)
Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.
Compare side by side
- MyCard Rewards - Purchase and Balance Transfer OffervsAmerican Express Essential Rewards Credit Card
- MyCard Rewards - Purchase and Balance Transfer OffervsAmerican Express Explorer Credit Card
- MyCard Rewards - Purchase and Balance Transfer OffervsAmerican Express Platinum Card
- MyCard Rewards - Purchase and Balance Transfer OffervsAmerican Express Platinum Edge Credit Card
- MyCard Rewards - Purchase and Balance Transfer OffervsAmerican Express Velocity Escape Plus Card
- MyCard Rewards - Purchase and Balance Transfer OffervsAmerican Express Velocity Platinum Card
- MyCard Rewards - Purchase and Balance Transfer OffervsANZ First
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- MyCard Rewards - Purchase and Balance Transfer OffervsANZ Frequent Flyer Platinum
- MyCard Rewards - Purchase and Balance Transfer OffervsANZ Low Rate
- MyCard Rewards - Purchase and Balance Transfer OffervsANZ Low Rate - Credit Back Offer
- MyCard Rewards - Purchase and Balance Transfer OffervsANZ Platinum Credit Card
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Questions and answers
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Sources
- Credit Card Compare
- Australian credit card statisticsHow CardIQ scores cards
- Issuer
- MyCard