Credit Card Compare

MyCard Simplicity

Data last updated 20 July 2026
22.49%
Purchase rate
$0
Annual fee
44 days
Interest-free

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

CardIQ

55Good

Good

Overall score, out of 100 · How this works

  • 0% purchase48
  • Balance transfer59
  • No annual fee56

Customer reviews

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

Pros & cons

What's good

  • 6 months at 0% p.a. on balance transfers, shorter than the 12-month median (no transfer fee, reverts to 22.99% p.a.).
  • 6 months at 0% p.a. on purchases (reverts to 22.49% p.a.).
  • No annual fee.
  • No fee to add an additional cardholder.

Worth noting

  • 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.
  • 3.5% foreign transaction fee on overseas spending, at the high end of the market.
  • Earns no rewards points on spending.
  • Up to 44 interest-free days on purchases (below the 55-day median).

Card details

The basics

Additional cardholder fee
$0 p.a.
Card tier
Standard
Card type
Mastercard
Card use
Personal
Credit limit
$2,000 – $100,000
Credit rating
Good
Rewards program
None

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
No annual fee
Cash advance fee
3.5% of the amount
Foreign transaction fee
3.5%
Late payment fee
$0

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

Intro purchase period
6 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

This card doesn't earn rewards points. It focuses on a low cost of ownership instead. If earning points matters to you, compare frequent flyer cards and rewards cards.

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.

Annual fee$0Tied for best (1st of 200 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 192 cards)
Overseas fee3.50%Not as good as most cards (152nd of 200 cards)
Purchase rate22.49%Among the weakest we track (170th of 196 cards)

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

Compare side by side

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

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Questions and answers

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Sources

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