- Flat earn rate: 1 point per $1 on eligible spend, with no cap on international transactions.
- Practical insurances: Includes complimentary Purchase Protection, Extended Warranty and Mobile Phone Insurance.
- Flexible redemption options: Choose from gift cards, Pay with Points or loyalty partner point transfers.
- Travel & lifestyle discounts: Up to 15% off Luxury Escapes and other partner offers.
- Good digital compatibility: Supports major mobile wallets for convenient, secure payments.
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MyCard Credit Cards
MyCard Rewards
Updated 3 December 2025
If you want to earn points on everyday spending while accessing flexible redemption options and useful complimentary insurance, the MyCard Rewards Credit Card may be a suitable choice.
Terms and conditions apply.
Points Earn Rate (per $1 spent)
1 point
MyCard RewardsRewards Program
MyCard Rewards
Bonus Points
N/A
Pros and cons
- The annual fee may not suit casual or low-frequency card users.
- Domestic points earning is capped at $10,000 spend per statement period.
- No lounge access or premium travel perks included.
Creditcard.com.au review
Editor Review
MyCard Rewards
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 Rewards Credit Card focuses on offering a versatile, easy-to-understand rewards program paired with practical built-in insurances. While the annual fee is moderately high, cardholders who use the rewards program actively and take advantage of the included insurance benefits may find solid value.
For those who pay off their balance each month, the combination of points, discounts and coverage can make this card a strong everyday option.
What I love about the MyCard Rewards Credit Card
Flexible rewards: Earn points on most everyday purchases with multiple redemption options including transfers to Flybuys and Velocity.
Complimentary insurance suite: Mobile phone, purchase protection and extended warranty add everyday protection and value on purchases.
Useful travel & lifestyle perks: Discounts on select hotel brands and travel partners offer money savings and enticing trips.
What’s Not So Great
The interest rate is on the higher side, meaning it is best suited for those disciplined in repaying the balance. Domestic points earning is capped (although the cap rate is very high at $10k), and premium perks like lounge access require upgrading to higher-tier MyCard products.
Who suits the MyCard Rewards Credit Card?
This card suits everyday spenders who want simple, flexible rewards and appreciate the practical insurance benefits included. It’s also appealing to users who regularly redeem points for travel, gift cards or Pay with Points, and who are comfortable paying an annual fee to access these perks.
If you frequently use your credit card and will take advantage of the insurance benefits and partner discounts, the MyCard Rewards Credit Card can deliver worthwhile value.
Verdict: MyCard Rewards Credit Card
Best for: Everyday cardholders who want a versatile rewards program with real-world extras.
Why we like it: Strong earn rate, flexible redemption and a package of useful insurance perks create a well-rounded offering.
Consider if: You spend regularly across domestic and international purchases and want multiple ways to use your points.
Not ideal for: Anyone seeking a low-rate card or premium travel perks like lounge access.
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 $2000
Maximum credit limit $100,000
Fees & repayments
Annual fee $199 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 uncapped
Bonus points spend criteria N/A
Earning points with this card
MyCard Rewards Rewards points 1 point per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance Yes
Purchase Protection Insurance No
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance No
Extras
Up to 15% off Luxury Escapes
10% off selected Expedia hotels
10% off selected Wotif hotels
Pay with Points
Points transfer (Flybuys, Velocity)
Instalment Plans
Overview
MyCard Rewards
The MyCard Rewards Credit Card is designed for cardholders who want to earn points on everyday spending and redeem them in flexible ways. With a $199 annual fee, it offers an earn rate of 1 point per $1 spent on both domestic and international eligible transactions, with a $10,000 monthly cap applying to domestic spend and no cap on international spend.
This card includes complimentary insurances such as Purchase Protection, Extended Warranty, and Mobile Phone Insurance, along with access to travel and lifestyle discounts including up to 15% off Luxury Escapes. Cardholders can redeem points for gift cards, Pay with Points or transfer points to partner programs.
With up to 44 days interest-free on purchases (when you pay in full each month) and support for multiple reward redemption options, the MyCard Rewards Credit Card may suit those who want a broad, easy-to-understand rewards program paired with everyday purchase coverage.
Key features
- Purchase rate: 22.49% p.a.
- Annual fee: $199 p.a.
- Cash advance rate: 22.99% p.a.
- Interest-free days: Up to 44 days on purchases
- Minimum credit limit: $2,000
- Card type: Mastercard
- Additional cardholders: Up to 4 complimentary cardholders (must be over 16 years old)
- Digital wallets: Supports Apple Pay, Google Pay, Samsung Pay
- Extras: Complimentary Purchase Protection, Extended Warranty and Mobile Phone Insurance
- 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
Recently Asked Questions
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