Card
Offer
MyCard Rewards Velocity
Public offer
Selected terms version
Temporarily unavailable
Published 2 Oct 2026
View current offer termsOffer terms historyThis offer is currently unavailable.
Source wording historyOffer terms
First Year Points
60,000 points
Velocity
Second Year Points
20,000 points
With $249 annual fee
Minimum Spend
$5,000
within 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
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.
Recorded benefits
- Points Transfer Benefits
More detailsLess details
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
- Hotel Benefits
More detailsLess details
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
- Installment Plans
More detailsLess details
MyCard Instalment Plan lets cardholders pay back large credit card expenses in monthly instalments using part of their existing credit limit, subject to eligibility
- Balance Transfer Offers
More detailsLess details
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
- Interest Free Periods
More detailsLess details
Up to 44 interest-free days on retail purchases
- Purchase Protection Insurance
More detailsLess details
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
More detailsLess details
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
More detailsLess details
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
Benefit history
- 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
I'd like to use my bonus for:
Craig's AnalysisBonus Difficulty
Moderate
●●○$56 per day required
First Year Cost
$249
annual fee
Bonus Value
$250
62,000 points redeemed in Coles gift cards
Earn Rate
Poor
●○○○0.40x Velocity points per $1
Did this help you make a decision?
Can I get this bonus if I've had a card from MyCard before?
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 →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