- Bonus points offers: Up to 150,000 MyCard Reward Points (includes 0% p.a. for 6 months on Balance Transfers, no fee) or 110,000 Velocity Points via Autoredemption (includes 0% p.a. for 12 months on Balance Transfers, 3% fee) — gives cardholders a strong head start on rewards accumulation.
- Stronger earn rate on online and international spend: 2 points per $1 on eligible international and online transactions, with 1 point per $1 on other eligible domestic spend.
- Travel-friendly perks: Includes 2 complimentary Priority Pass lounge visits per membership year for the primary cardholder.
- Comprehensive complimentary insurances: International and domestic travel insurance, rental vehicle excess cover, mobile phone insurance, purchase protection and extended warranty on eligible purchases.
- Higher minimum credit limit: Starting from $10,000, which may appeal to higher spenders who want more capacity.
- Flexible rewards program: Points can be used for Pay with Points, gift cards and transfers to selected partner programs.
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MyCard Credit Cards
MyCard Premier
Updated 26 January 2026
If you’re looking for a rewards credit card with significant bonus points, the MyCard Premier Credit Card offers up to 150,000 bonus MyCard Reward Points: 120,000 points when you spend $7,000 within 90 days + 30,000 points after 12 months (includes 0% p.a. for 6 months on Balance Transfers with no fee), or 110,000 bonus Velocity Points via Autoredemption when you spend $8,000 within 90 days (includes 0% p.a. for 12 months on Balance Transfers with 3% fee). It also includes lounge passes and complimentary travel insurance, making it a strong option for frequent travellers.
Terms and conditions apply.
Points Earn Rate (per $1 spent)
2 points
MyCard RewardsRewards Program
MyCard Rewards
Bonus Points
N/A
Pros and cons
- The annual fee of $300 p.a. means the value depends on how often you travel and use the included benefits.
- Points are capped at 200,000 per 12-month period, which may limit value for very high spenders.
- The foreign transaction fee of 3.5% can add cost when spending in foreign currencies.
Creditcard.com.au review
Editor Review
MyCard Premier
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
Overall Rating
The MyCard Premier Credit Card is tailored to cardholders who want more than basic rewards. With up to 150,000 bonus MyCard Reward Points (120,000 points when you spend $7,000 in 90 days + 30,000 points after 12 months; includes 0% p.a. for 6 months on Balance Transfers, no fee) or 110,000 bonus Velocity Points via Autoredemption when you spend $8,000 in 90 days (includes 0% p.a. for 12 months on Balance Transfers, 3% fee), the card adds significant upfront value. On top of these offers, it provides comprehensive travel insurance, mobile phone cover, airport lounge access, and a flexible rewards program.
For cardholders who maximise the rewards program, use the travel benefits, and keep their balance paid off each month, the overall package can present strong value, particularly when factoring in the bonus points and included extras.
What I love about the MyCard Premier Credit Card
Bonus points upfront: Up to 150,000 MyCard Reward Points (includes 0% p.a. for 6 months on Balance Transfers, no fee) or 110,000 Velocity Points via Autoredemption (includes 0% p.a. for 12 months on Balance Transfers, 3% fee) — gives cardholders a strong head start on rewards accumulation.
Enhanced earn rate where it matters: Earning 2 points per $1 on eligible online and international spend makes this card appealing for those who shop online or travel regularly.
Travel and lifestyle inclusions: The combination of lounge passes, travel insurance, and hotel discounts (such as up to 15% off Luxury Escapes and 10% off selected Expedia and Wotif hotels) helps support regular travellers.
Useful protection benefits: Complimentary purchase protection, extended warranty and mobile phone cover provide extra peace of mind on eligible purchases and phone plans.
What’s not so great
The relatively high purchase rate and sizeable annual fee mean this card is less suited to those who carry a balance or only use their card occasionally. The yearly points cap of 200,000 also limits the upside for very heavy spenders.
In addition, this version of the card does not earn Qantas Points, so those focused on Qantas Frequent Flyer rewards would need a different product within the MyCard range.
Who Suits the MyCard Premier Credit Card?
This card is best suited to frequent travellers and higher-spending cardholders who will make active use of the rewards program and travel benefits. It may appeal to people who value lounge access, complimentary travel insurance, hotel discounts, and who generally repay their balance in full to avoid interest charges.
If you regularly spend on travel, online and overseas purchases, and you are likely to use the insurance, lounge access, bonus points offers, and included extras, the MyCard Premier Credit Card can be a strong contender in the mid-to-premium rewards space.
Verdict: MyCard Premier Credit Card
Best for: Travellers and higher-spending cardholders who want a mix of rewards, lounge access, bonus points and complimentary insurance cover.
Why we like it: The card combines bonus points (with included extras), an elevated earn rate on online and international spend, airport lounge access, travel insurance and purchase protection — features that can deliver strong value when used regularly.
Consider if: You want a rewards card with meaningful travel benefits, bonus points offers, included extras, and you typically clear your balance each month.
Not ideal for: Low-spending or rate-sensitive users, or those focused specifically on Qantas Points rather than a broader rewards program.
User reviews
Rates and fees
Interest rates
Purchase rate 22.49% p.a.
Cash advance rate 22.99% p.a.
Interest free period on purchases up to 44 days
Credit limits
Minimum credit limit $10000
Maximum credit limit $100,000
Fees & repayments
Annual fee $300 p.a.
Additional cardholder fee Up to 4 – $0 p.a. each
Foreign transaction fee 3.5%
Minimum repayment
Cash advance fee 3.5% or $3.50 (whichever is greater)
Late payment fee $30
Rewards and points
Rewards program
Rewards Program
MyCard Rewards
Bonus points N/A
Annual points cap 200,000
Bonus points spend criteria N/A
Earning points with this card
MyCard Rewards Rewards points 2 points per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance Yes
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance Yes
Extras
Two complimentary Priority Pass lounge visits per membership year
MyCard Rewards Program with Pay with Points, gift cards and partner transfers
Up to 15% off eligible Luxury Escapes hotels (offer terms and caps apply)
10% off selected Expedia hotels
10% off selected Wotif hotels
Personal concierge service for the primary cardholder
Eligibility for MyCard Instalment Plans on eligible purchases
Overview
MyCard Premier
The MyCard Premier Credit Card is a rewards card focused on travel perks, combining a higher minimum credit limit with a range of complimentary benefits. With a $300 annual fee, a 22.49% p.a. retail purchase rate and a 22.99% p.a. cash advance rate, it is designed for cardholders who are likely to use the card regularly and pay off their balance to maximise value.
Cardholders earn 2 points per $1 on eligible international and online transactions and 1 point per $1 on other eligible domestic spend, with points capped at 200,000 per 12-month period. Points can be redeemed through the MyCard Rewards Program for options such as Pay with Points, gift cards and points transfers to selected loyalty partners like Flybuys and Velocity.
The card also offers complimentary international and domestic travel insurance, purchase protection, extended warranty insurance, mobile phone insurance, and two Priority Pass airport lounge access passes per year. With up to 44 days interest-free on purchases (when you pay your balance in full each month) and a minimum credit limit of $10,000, the MyCard Premier Credit Card may suit frequent travellers and higher-spending cardholders looking for a blend of rewards, bonus points and travel-related benefits.
Key features
- Bonus offer option 1: Up to 150,000 MyCard Reward Points: 120,000 points when you spend $7,000 within 90 days + 30,000 points after 12 months (includes: 0% p.a. for 6 months on Balance Transfers, no fee; Balance Transfer rate reverts to Cash Advance rate after promotional period)
- Bonus offer option 2: 110,000 Velocity Points via Autoredemption when you spend $8,000 in 90 days (includes: 0% p.a. for 12 months on Balance Transfers, 3% fee; Balance Transfer rate reverts to Cash Advance rate after promotional period)
- Purchase rate: 22.49% p.a. (ongoing retail)
- Annual fee: $300 p.a.
- Cash advance rate: 22.99% p.a.
- Interest-free days: Up to 44 days
- Minimum credit limit: $10,000
- Card type: Mastercard
- Additional cardholders: Up to 4 complimentary additional cardholders (must be at least 16 years old)
- Airport lounge access: 2 complimentary Priority Pass lounge visits per year for the primary cardholder
- Extras: Complimentary international & domestic travel insurance, mobile phone insurance, purchase protection and extended warranty
- Foreign currency fee: 3.5% of transaction amount
- Accepted globally: Yes, anywhere Mastercard is accepted
- Late payment fee: $30
Minimum criteria to apply for this card
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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