MyCard Premier Velocity
$300 first year annual fee
110,000 points
$10,000 min limit
0.50 points per dollar
Spend $8,000 in 90 days
Offer Details
Premium
Signup Bonus
110,000 points
Velocity
Minimum Spend
$8,000
within 3 months
Cash Bonus
$72Priority Pass lounge credit (2 visits × $36)
Ongoing Earn Rate
0.50x points per $1 spent
Fees
First Year Annual Fee
$300
Ongoing Annual Fee
$300
From year 2 onwards
Note: Additional fees may apply for cash advances, foreign transactions, overlimits, and late payments. Check the issuer's terms and conditions for complete fee details.
Benefits
Lounge Access
2 per year, Priority Pass (1,700+ lounges worldwide)
2 complimentary Priority Pass lounge visits per 12-month membership period for primary cardholder across 1,700+ airport lounges worldwide. Must enrol at prioritypass.com/premieraumc and download the Priority Pass app. Alternatively, each visit entitlement can be used for AUD$36 off at selected airport restaurants. Additional visits and guest visits charged at Priority Pass standard rates.
Travel Insurance
Complimentary international and domestic travel insurance. Group policy issued by Allianz Australia Insurance Limited (via AWP Australia / Allianz Global Assistance) to NAB.
Mobile Phone Insurance
Covers Accidental Damage and Theft when monthly postpaid mobile phone plan bill is paid with the MyCard Premier card. Must have a contract with a mobile phone provider and a monthly automatic billing arrangement. Cover issued by AIG Australia Limited.
Purchase Protection Insurance
Complimentary purchase protection insurance on eligible purchases. Issued by Allianz Australia Insurance Limited.
Extended Warranty Insurance
Complimentary extended warranty insurance on eligible purchases. Issued by Allianz Australia Insurance Limited.
Rental Vehicle Insurance
Complimentary rental vehicle excess insurance included in the complimentary insurance group policy issued by Allianz Australia Insurance Limited.
Concierge Service
Personal concierge service available to the primary cardholder. Provided by Mastercard Travel & Lifestyle Services via Ten Lifestyle Management Limited.
No Additional Cardholder Fee
$0 additional cardholder fee. Up to 4 additional cardholders permitted, who must be at least 16 years old.
Balance Transfer Offers
0% p.a. for 12 months on balance transfers requested at card application (Velocity offer). 3% Balance Transfer Fee applies. Total balance transfers may not exceed 80% of credit limit. Reverts to Cash Advance rate (currently 22.99% p.a.) after promotional period. Excludes balances from MyCard branded unsecured credit products.
Interest Free Periods
Up to 44 days interest-free on retail purchases.
Installment Plans
MyCard Instalment Plan allows paying off eligible purchases at a set interest rate over a set term. Uses part of existing credit limit. Subject to account being in good standing.
Points Transfer Benefits
Transfer MyCard Reward Points to loyalty partner programs including Flybuys and Velocity Frequent Flyer. Autoredemption available for Velocity to automatically convert points.
Hotel Benefits
Up to 15% off Luxury Escapes hotels (10% domestic, 15% international, max $250 discount per transaction, code MYLUXPROMO, valid until 1 March 2027). 10% off selected Expedia hotels (via expedia.com.au/traveloffer, valid until 31 January 2027). 10% off selected Wotif hotels (via wotif.com/traveloffer, valid until 31 January 2027).
I'd like to use my bonus for:
Craig's Analysis110,000 bonus + 4,000 from $8,000 spend
73,548 Krisflyer pts × 1.5¢/pt = $1,103
+ $72 cashback
− $300 first year fees
Est. profit $875
Sydney → Singapore · Business (72,000 pts/way)
0 return trip + 1 one way trip.
Points via Singapore Airlines
Bonus Difficulty
Moderate
●●○$89 per day required
First Year Cost
$300
annual fee
Earn Rate
Average
●●○○0.50x Velocity points per $1
Travel Benefits
Lounge Access
One complimentary digital Priority Pass Standard Membership with two complimentary lounge visits per 12-month membership for the primary cardholder
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