MyCard Rewards Velocity
$199 first year annual fee
60,000 points
$2,000 min limit
0.40 points per dollar
Spend $5,000 in 90 days
Offer Details
Mid-Tier
First Year Points
60,000 points
Velocity
Second Year Points
30,000 points
With $199 annual fee
Minimum Spend
$5,000
within 3 months
Ongoing Earn Rate
0.40x points per $1 spent
Fees
First Year Annual Fee
$199
Ongoing Annual Fee
$199
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
Purchase Protection Insurance
Complimentary Purchase Protection Insurance on eligible purchases.
Extended Warranty Insurance
Complimentary Extended Warranty Insurance on eligible purchases.
Mobile Phone Insurance
Complimentary Mobile Phone Insurance covering Accidental Damage and Theft when monthly postpaid plan bill is paid with the MyCard Rewards card.
Installment Plans
Pay back large credit card expenses with monthly instalments via MyCard Instalment Plans.
Balance Transfer Offers
0% p.a. for 12 months on Balance Transfers with 3% Balance Transfer Fee. Rate reverts to Cash Advance rate (22.99% p.a.) after the promotional period. An alternative offer provides 0% p.a. for 15 months on purchases and balance transfers with 2% balance transfer fee.
Interest Free Periods
Up to 44 days interest-free on retail purchases.
Hotel Benefits
Up to 15% off eligible Luxury Escapes hotels with a discount cap of $250. 10% off selected Expedia hotels. 10% off selected Wotif hotels.
Points Transfer Benefits
Transfer MyCard Reward Points to loyalty partner programs including Flybuys and Velocity Frequent Flyer.
I'd like to use my bonus for:
Craig's Analysis60,000 bonus + 2,000 from $5,000 spend
62,000 Velocity pts × 1.7¢/pt = $1,054
− $199 first year fees
Est. profit $855
Bonus Difficulty
Moderate
●●○$56 per day required
First Year Cost
$199
annual fee
Earn Rate
Poor
●○○○0.40x Velocity points per $1
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