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Purchase rate: 22.49% p.a.
Reward point per $ spent: 1
Annual fee: $700 p.a.
Interest-free on purchases: Up to 44 days

Our verdict

This card offers travel insurance, hotel perks and complimentary airport lounge access, with a $700 annual fee.

MyCard is not currently accepting applications for this credit card but will accept them soon.

The MyCard Prestige is a premium rewards card designed for frequent travellers and big spenders. The card lets you earn MyCard Reward Points at a high rate. It offers 15 complimentary airport lounge visits per year through Priority Pass. When you book four or more nights at select Luxury Escapes hotels, you can receive a credit back for one night.

The Prestige is only available to applicants who meet the requirements and comes at the cost of $700 p.a.

Pros

Complimentary insurance on travel and mobile phones
15 airport lounge visits per year
Discounts available at select hotels and 4th night free hotel offers

Cons

$700 annual fee is relatively high
3.5% foreign transaction fee

Details

Product details

Product Name	MyCard Prestige
Purchase rate p.a.	Purchase rate p.a.22.49%
Interest-free days	Up to 44 days on purchases
Cash advance rate p.a.	22.99%
Min credit limit	$20,000
Max credit limit	$100,000
Card type	Mastercard

Rewards

Rewards program	MyCard Rewards
Bonus points	N/A
Rewards points per $ spent	1

Fees

Annual fee	$700
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3.5%
Cash advance fee	3.5% of transaction value or $3.50, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$0
Number of additional cardholders	4

How to apply

MyCard is not currently accepting applications but will start accepting them soon, according to the MyCard website.

Card benefits

Earn rates. The MyCard Prestige earns 3 points per $1 spent for all eligible international spend and selected domestic purchases made and booked directly from a range of major restaurants, hotel chains and airlines (flights only), 2 points per $1 spent for selected domestic purchases made at major petrol outlets, supermarkets and national retailers and 1 point per $1 spent on all other eligible domestic transactions.
10% off selected hotels with Expedia or Wotif. You'll get a 10% discount on selected hotels booked through Expedia or Wotif when you pay with your MyCard credit card before 31 January 2027 and stay before 30 June 2027.

Rewards and frequent flyer options. You can transfer your points to a range of frequent flyer program partners, including Virgin Australia Velocity Frequent Flyer and Flybuys. You can also redeem points for other rewards including travel, gift cards and cashback through the MyCard Rewards Program.
4th night on Us. When you book a minimum of four consecutive nights at available hotels through Luxury Escapes, you can get a credit back for one night (up to $1,000 per credit per booking). To redeem this benefit, you must use the promo code "PRESTIGE4N" upon checkout.
Complimentary mobile phone insurance. Use the MyCard Prestige Card to pay for your monthly mobile phone on a contract and you'll get cover for accidental damage and theft for up to $1,000 per claim (up to $1,650 per year). This complimentary insurance is underwritten by AIG Insurance and, as with any policy, it's a good idea to check the policy document for full details of what's covered and how to make a claim.
Luxury Escapes discount. Until 1 March 2026, you can get up to 15% off on Limited Time LUX Exclusive hotel offers (up to $500 per booking) and 10% off on international tours (up to $250 per booking) when you pay with your MyCard credit card through the Luxury Escapes website or app.
Mastercard benefits. With Mastercard Priceless Cities, you’ll get access to exclusive entertainment, dining, travel and other lifestyle experiences in more than 40 cities around the world.
Mobile payment technology. You can make contactless payments using your qualifying device once you enable Samsung Pay, Apple Pay or Google Pay.

Rates & fees

Annual fee. The MyCard Prestige card comes with a $700 annual fee.
Interest rates. This card charges a purchase rate of 22.49% p.a. and a cash advance rate of 22.99% p.a.

Interest-free days. If you pay the full amount owed by the due date on each statement, you'll enjoy up to 44 days interest-free on purchases. Note that you will be charged interest on retail purchases if you carry debt from a balance transfer or for any cash advance transactions.
Foreign transaction fees. If you use your MyCard Prestige card to make a foreign transaction, the standard 3.5% fee will apply.
Additional card. You can add up to 4 supplementary cards without any extra fees.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. MyCard Prestige Card information

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Will

October 31, 2024

Hello all, with no minimum income being published, what are the chances if ones income is above $85,000?

Angus Kidman Finder

November 02, 2024

Hi Will, The TMD for this card notes that the target card holder is not expected to carry debt for a significant period of time – so as well as earning a regular income, a good track record of paying off existing debt is likely to be relevant. The minimum credit limit for the card is $20,000, which is close to a quarter of $85,000, and that might raise serviceability concerns. If you specifically want to check if an $85,000 income is appropriate, you’d need to contact Citi directly on 13 24 84. Hope this helps.

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Dean

September 28, 2024

What points are earned on government (ATO) payments?

Can payment platforms such as SNIIP be used to make payments?

Angus Kidman Finder

September 30, 2024

Hi Dean, you can use City PayAll to pay the ATO with this card – note that there’s a service fee for this (0.95% of the value) and the ATO might also charge a fee, so weigh up if those points are worth it after the fee. Hope that helps!

Trev

July 10, 2024

Hi there. I recently spoke to someone via the Chat function on the Citi website and was told there is no minimum income requirement. Is the above $150,000 minimum income requirement correct as of Jun-2024? Even the Citi Website doesn’t state a minimum income requirement so I’m just interested to know where you’re information has come from and/or is it still up to date. thank you!!

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Sarah Megginson Finder

July 16, 2024

Thanks Trev, Citi recently changed their policy on this, so we’ve updated the page to reflect this. Appreciate the feedback!

Maggie

May 31, 2023

Can the rewards points be converted to Asia miles for Prestige card?

Amy Bradney-George Finder

June 01, 2023

Hi Maggie,

Unfortunately Citi Points can’t be transferred to Asia Miles, according to details publicly available on the Citi Rewards website. They can be transferred to Flybuys Points, Singapore Airlines KrisFlyer Miles or Velocity Points. There are also other rewards credit cards that do offer point transfers to Asia Miles, including ANZ Rewards, CommBank Awards, Westpac Altitude Rewards and American Express Rewards. I hope that helps.

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Alex

May 14, 2023

Currently I am NAB Credit holder, if I apply Citi card, will I still eligible for the bonus point?

Amy Bradney-George Finder

May 15, 2023

Hi Alex,

Yes you would still be eligible for the bonus points offer on this card, as long as you meet the other requirements. I hope that helps.

Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full profile

MyCard Prestige Credit Card

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