Flight value
Ended — kept for reference
156,000 Velocity points, estimated value · 150,000 Velocity points · spend $12,000 in 90 days
I'd like to use my bonus for:
156,000 Velocity points at 1.7¢ − $700 first-year fees. Flight value is an estimate, not cash. Assumes you earn the bonus and pay in full.
These terms ended and are kept for reference.
What this calculation assumes
- You make the required purchases and the bonus is paid.
- You pay the balance in full — any interest changes the outcome.
- The required spend is ordinary planned spending, not extra cost.
- Gift-card rates are the recorded redemption catalogue, rechecked at renewal.
Did this help you make a decision?
Can I get this?
This is a public offer.
Can I get this bonus if I have held a card before?
The bonus holding rule for this offer is unverified. Check the offer terms before applying. No fixed waiting period. MyCard's terms say the bonus is "only available when you apply for a new" card and "not available when closing or transferring from another MyCard branded credit card account." Whether closing one MyCard and immediately applying for another qualifies isn't spelled out — confirm with MyCard.
See exclusion periods for every Australian issuer →What must I spend?
$12,000 within 90 days — about $4,000 per month. The terms on this page don't record when the clock starts or how long the bonus takes to arrive after you qualify — check the issuer terms for both.
Can I get the card?
$20,000 minimum credit limit — a lending commitment, not a reward fact.
No minimum income recorded — this does not mean there is none.
Lending approval is separate from bonus eligibility: approval gets you the card, the conditions above get you the bonus.
How long is this available?
No recorded end date — this does not mean it never ends. Availability is rechecked against the issuer page.
Should I keep it after the first year?
Renewal costs $700 each year ($700 annual fee) — first year was $700.
Second year pays 50,000 Velocity points if you still hold the card into year two. The recorded terms don't detail the exact second spend hurdle — check the issuer terms before counting on it.
Ongoing earn: 0.50x Velocity points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $700/yr.
Year-two points aren't dollar-valued here: the redemption catalogue may change before renewal, so recheck the rate then.
Terms and evidence
Full current terms
Offer terms
First Year Points
150,000 points
Velocity
Second Year Points
50,000 points
With $700 annual fee
Minimum Spend
$12,000
within 90 days (about 3 months)
Ongoing Earn Rate
0.50x points per $1 spent
Fees
First Year Annual Fee
$700
Ongoing Annual Fee
$700
From year 2 onwards
Purchase Interest Rate
22.49% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
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.
Benefit history (14 changes)
- CashbackRemoved May 2026
- Installment PlansUpdated May 2026
- Lounge AccessUpdated May 2026
Was 15 visits/year · Priority Pass network lounges, selected airport restaurants (AUD$36 credit per visit) → now 15 visits/year · Priority Pass.
- Interest Free PeriodsUpdated May 2026
- Balance Transfer OffersUpdated May 2026
- Points Transfer BenefitsUpdated May 2026
- No Additional Cardholder FeeUpdated May 2026
- Concierge ServiceUpdated May 2026
- Mobile Phone InsuranceUpdated May 2026
- Rental Vehicle InsuranceUpdated May 2026
- Extended Warranty InsuranceUpdated May 2026
- Purchase Protection InsuranceUpdated May 2026
- Travel InsuranceUpdated May 2026
- Hotel BenefitsUpdated May 2026
Offer terms history
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Discussion
About these ended terms (published 19 Dec 2025) — not the current offer.
Community and personal tools
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