MyCard Premier Credit Card: Rewards & Travel Perks

What this card is

The MyCard Premier Credit Card is a premium rewards credit card designed for frequent travellers and high spenders. It allows cardholders to earn flexible MyCard Reward Points on everyday purchases. These points can be redeemed for gift cards, statement credits, or transferred to partner programs like Velocity Frequent Flyer and Flybuys. While not a traditional co-branded card, its strong transfer options make it appealing for frequent flyers.

Why someone may consider it

This card provides a robust suite of premium perks tailored for travel and everyday protection. Key benefits include:

• Complimentary insurance: Coverage for international and domestic travel, plus up to $10,000 for rental vehicle excess in Australia.
• Airport lounge access: Two complimentary Priority Pass lounge visits per year for the primary cardholder.
• Flexible sign-up bonuses: A choice between a large bonus of Velocity Points via autoredemption or MyCard Reward Points.
• Everyday protections: Includes complimentary mobile phone insurance, extended warranty, and purchase protection.

Do you think this card is perfect for you? Then click the button below. A premium experience is just a few clicks away.

About MyCard

MyCard operates as a prominent credit card provider in Australia, backed by the traditional banking strength of National Australia Bank Limited (NAB). This hybrid positioning allows them to offer the stability of a major financial institution alongside modern digital wallet features like Apple Pay, Google Pay, and Click to Pay. Their core products focus heavily on flexible rewards programs and premium travel cards tailored to the Australian consumer market.

Trust is firmly established through strict ASIC regulation under Australian Credit Licence 230686. Users can also feel confident relying on accessible 24/7 customer support via both telephone and digital chat options. By combining established banking infrastructure with responsive online service, MyCard delivers a highly credible and secure premium credit experience.

Who this card is for (and who should avoid it)

The MyCard Premier Credit Card is built for high-earning Australians who want ultimate flexibility in how they redeem their everyday rewards. It is an excellent match for frequent domestic flyers who want to funnel their points directly into Velocity Frequent Flyer or Flybuys. Consumers who frequently rent cars or want to protect expensive tech purchases will also highly value the included $10,000 rental vehicle excess and the $1,650 mobile phone insurances.

To truly make the most of this product, you should naturally spend enough to secure the large introductory bonus offers. For example, acquiring the 110,000 Velocity Points bonus requires $8,000 of eligible spending within 90 days of account approval. Shoppers who regularly utilize the complimentary purchase protection and extended warranty on large ticket items will also maximize the card's ongoing value.

However, this card is definitely not the right fit for everyone. You should likely avoid this card if:

• You frequently make overseas purchases: The card charges a steep 3.5% international transaction fee, which sits above the typical Australian market average.
• You carry a monthly credit card balance: The high 22.49% p.a. purchase interest rate will quickly negate the value of any rewards earned.
• You require a low credit limit: The card enforces a strict minimum credit limit of $10,000.
• You are an ultra-high spender: MyCard Reward Points are strictly capped at 200,000 points per 12-month period, limiting unlimited earning potential.