Credit Card Compare

MyCard Rewards

Data last updated 17 July 2026
22.49%
Purchase rate
$199
Annual fee
44 days
Interest-free

Do you manage MyCard card listings? Claim on Partner Central

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

CardIQ

28Basic

Basic

Overall score, out of 100 · How this works

  • Rewards28

Customer reviews

No reviews yet. Be the first to review the MyCard Rewards.

Pros & cons

What's good

  • Points don't expire while your account is open and in order.

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

This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.

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
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
—

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.

Rewards value$180 a yearNot as good as most cards (67th of 92 cards)
Interest-free days44 daysNot as good as most cards (141st of 189 cards)
Annual fee$199 a yearNot as good as most cards (151st of 197 cards)
Overseas fee3.50%Not as good as most cards (152nd of 197 cards)
Purchase rate22.49%Among the weakest we track (170th of 193 cards)

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

Compare side by side

Browse by card type

Compare the MyCard Rewards against every other card in its category.

RewardsView all →

Questions and answers

No questions yet. Ask the first one about MyCard Rewards.

Sources

Credit Card Compare
Australian credit card statisticsHow CardIQ scores cards
Government
Product reference data (Consumer Data Right)
Issuer
MyCard