Flight value
$351 after fees
40,000 Krisflyer points, estimated value · 60,000 Velocity points · spend $5,000 in 90 days
Available
I'd like to use my bonus for:
40,000 Krisflyer points at 1.5¢ − $249 first-year fees. Flight value is an estimate, not cash. Assumes you earn the bonus and pay in full.
These terms are currently available (site published 2 Oct 2026).
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?
$5,000 within 90 days — about $1,667 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?
$2,000 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.
What else makes the card useful?
Reward use
Ways to turn points into value.
- Points Transfer Benefits Compare across cards →Earn MyCard Reward Points (1 point per $1; domestic spend capped at $10,000 per statement period, international spend uncapped) redeemable as Pay with Points, gift cards, or transferred to loyalty partners including Flybuys and Velocity Frequent Flyer
Check membership, transfer ratios, minimums, and fees before choosing gift cards or flights.
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Earn MyCard Reward Points (1 point per $1; domestic spend capped at $10,000 per statement period, international spend uncapped) redeemable as Pay with Points, gift cards, or transferred to loyalty partners including Flybuys and Velocity Frequent Flyer
No source recorded for this benefit.
Purchase protection
Cover on things you buy with the card. Limits, excesses, and activation conditions apply.
- Purchase Protection Insurance Compare across cards →Eligible items charged in full to the card account are covered against theft, accidental damage or permanent loss for 90 days; up to the purchase price (jewellery, watches and new works of art limited to $5,000 per claim), max $200,000 per card account per 12 months
Check the cover period, the card-payment condition, claim limits, and excess.
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Eligible items charged in full to the card account are covered against theft, accidental damage or permanent loss for 90 days; up to the purchase price (jewellery, watches and new works of art limited to $5,000 per claim), max $200,000 per card account per 12 months
- Extended Warranty Insurance Compare across cards →Extends the manufacturer's Australian warranty by up to one year on eligible items charged in full to the card account (no cover where the manufacturer's warranty exceeds five years); up to $10,000 per item, max $40,000 per card account per 12 months
Check how much extra cover it adds, which warranty lengths qualify, limits, and excess.
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Extends the manufacturer's Australian warranty by up to one year on eligible items charged in full to the card account (no cover where the manufacturer's warranty exceeds five years); up to $10,000 per item, max $40,000 per card account per 12 months
- Mobile Phone Insurance Compare across cards →Covers accidental damage or theft of the mobile phone when the prior month's postpaid mobile plan bill is paid in full with the card; up to $1,000 per occurrence, $1,650 annual aggregate, $50 excess
Check the payment condition, limits, and excess.
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Covers accidental damage or theft of the mobile phone when the prior month's postpaid mobile plan bill is paid in full with the card; up to $1,000 per occurrence, $1,650 annual aggregate, $50 excess
Travel
Travel cover and perks. Most need qualifying bookings or payment with the card.
- Hotel Benefits Compare across cards →Up to 15% off eligible Luxury Escapes hotels (max discount $250 per transaction), 10% off selected Expedia hotels, and 10% off selected Wotif hotels when booked and paid with the card
Check qualifying bookings and availability.
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Up to 15% off eligible Luxury Escapes hotels (max discount $250 per transaction), 10% off selected Expedia hotels, and 10% off selected Wotif hotels when booked and paid with the card
No source recorded for this benefit.
Account management
Tools for running the account — repayment helpers, not reward value.
- Installment Plans Compare across cards →MyCard Instalment Plan lets cardholders pay back large credit card expenses in monthly instalments using part of their existing credit limit, subject to eligibility
Check applicable charges and eligibility — a repayment plan, not reward value.
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MyCard Instalment Plan lets cardholders pay back large credit card expenses in monthly instalments using part of their existing credit limit, subject to eligibility
No source recorded for this benefit. - Balance Transfer Offers Compare across cards →0% p.a. for 12 months on balance transfers (3% balance transfer fee), reverting to the 22.99% p.a. cash advance rate after the promotional period
Check the rate, period, revert rate, and fees.
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0% p.a. for 12 months on balance transfers (3% balance transfer fee), reverting to the 22.99% p.a. cash advance rate after the promotional period
No source recorded for this benefit. - Interest Free Periods Compare across cards →Up to 44 interest-free days on retail purchases
Interest-free terms change often — confirm the current days with the issuer before applying. This recorded term may be out of date.
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Up to 44 interest-free days on retail purchases
No source recorded for this benefit.
Should I keep it after the first year?
Renewal costs $249 each year ($249 annual fee) — first year was $249.
Second year pays 20,000 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: 0.40x Velocity points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $249/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
60,000 points
Velocity
Second Year Points
20,000 points
With $249 annual fee
Minimum Spend
$5,000
within 90 days (about 3 months)
Ongoing Earn Rate
0.40x points per $1 spent
Fees
First Year Annual Fee
$249
Ongoing Annual Fee
$249
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 (8 changes)
- Purchase Protection InsuranceUpdated May 2026
- Extended Warranty InsuranceUpdated May 2026
- Mobile Phone InsuranceUpdated May 2026
- Installment PlansUpdated May 2026
- Balance Transfer OffersUpdated May 2026
- Interest Free PeriodsUpdated May 2026
- Hotel BenefitsUpdated May 2026
- Points Transfer BenefitsUpdated May 2026
Offer terms history
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 2 Oct 2026
Changes from terms version 3
Changes from terms version 2
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 the current terms (published 2 Oct 2026).
Community and personal tools
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