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Bonus points: 100,000
Purchase rate: 22.49% p.a.
Reward point per $ spent: 1
Annual fee: $199 p.a.

Our verdict

Earn 100,000 bonus MyCard Reward Points and complimentary insurance cover, with a 22.49% p.a. interest rate on purchases.

The MyCard Rewards Card has flexible rewards and perks that include complimentary mobile phone insurance, international travel insurance and discounts on travel bookings. It earns 1 point per $1 spent on eligible purchases. Right now, you can get 100,000 bonus MyCard Reward Points when you spend $5,000 on eligible purchases in the first 90 days from approval.

Like any credit card, there’s still the potential cost of interest charges – and the 22.49% p.a. purchase rate on this card is fairly high. So you should aim to pay the whole balance off by the due date on each statement to get the benefit of interest-free days for your purchases.

Pros

100,000 bonus MyCard Reward Points
Up to 15% off Luxury Escapes (up to $250)
Complimentary purchase protection insurance and extended warranty insurance

Cons

The 22.49% p.a. purchase interest rate is relatively high
Has a points cap of per statement period for spending in Australia

Details

Product details

Product Name	MyCard Rewards - Bonus Points Offer
Balance transfer rate p.a.	0% for 12 months with 3% balance transfer fee, then 22.99%
Balance transfer limit	80% of available limit
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	$2,000
Max credit limit	$100,000
Card type	Mastercard

Rewards

Rewards program	MyCard Rewards
Bonus points	100,000
Rewards points per $ spent	1

Fees

Annual fee	$199
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	$90
Number of additional cardholders	4

How to apply

You can apply for this MyCard Rewards Card offer online in around 10 minutes and should get a response within 60 seconds of submitting the form. Before you start the application, make sure you meet the eligibility requirements and have the key details on hand.

Eligibility criteria

Residency. You must be an Australian citizen or permanent resident.
Credit history. This card is only available to people with a good credit score and a history free of defaults and bankruptcy. You can get a free copy of your credit report and score through Finder.

Eligible balance transfer debt. If you plan to take advantage of the balance transfer offer, you can transfer from $500 up to 80% of your available credit limit from non-MyCard credit cards.
Minimum age. You must be at least 18 years of age to apply for a credit card in Australia.

Required documents

Personal information. Personal details such as your full name and contact details including your email address, home address and phone number.
Employment. Information about your job including your role and employer's contact details. You may also need to submit a letter from your employer declaring your income.
Financial details. You'll be asked to provide information about your income, liabilities and expenses.
Balance transfer debt. If you're requesting a balance transfer, you'll need to provide details about the account/s and the amount you want to transfer.

Card benefits

100,000 bonus points. This card offers 100,000 bonus MyCard Reward Points when you spend $5,000 on eligible purchases in the first 90 days from approval. Eligible purchases cover most everyday spending but exclude transactions including cash advances, balance transfers, and refunds. Note that it may take up to 2 months from meeting the spend requirement before you get the bonus points.
MyCard Rewards. With this card, you'll earn 1 MyCard reward Point per $1 on eligible spending in Australia and overseas. Points are capped at $10,000 spending per statement period for domestic transactions, but uncapped for international spend. You can redeem these points for rewards including gift cards, statement credits, charity donations, travel, frequent flyer point transfers and more through the MyCard Rewards program.
Complimentary mobile phone insurance. If you use your MyCard Rewards Card to pay for your phone on a contract, you can get cover for your eligible mobile phone or smartphone from accidental damage and theft for up to $1,000 per claim (up to $1,650 per year).

Complimentary international travel insurance. You can travel with peace of mind and save on necessary costs with complimentary international travel insurance. If you use your card to purchase your overseas travel ticket, you'll be covered for up to 6 months for medical, unexpected expenses, trip cancellation, and personal loss/liability. This insurance also covers your spouse or any dependent children travelling with you. See the terms and conditions for more details regarding the eligibility requirements, exclusions and claims process.
Luxury Escapes discount. Until 1 March 2026, you can get up to 15% off (up to $250) on Limited Time LUX Exclusive hotel offers and 10% off on international tours when you pay with your MyCard credit card through the Luxury Escapes website or app.
10% off selected hotels with Expedia or Wotif. You'll get a 10% discount on selected hotels booked through Expedia and Wotif when you pay with your MyCard credit card before 31 January 2027 and stay before 30 June 2027.
Balance transfer offer. You can consolidate existing debts with a 0% p.a. interest rate for the first 12 months, with a one-time 3% balance transfer fee when you apply online, request the balance transfer and get approved for this card. Any unpaid balance after the promotional period ends will be charged at the variable cash advance rate, currently 22.99% p.a.
Mobile payments. You can add your MyCard card to Apple Pay, Google Pay and Samsung Pay to make payments straight from your mobile devices.

Rates & fees

Annual fee. This card charges a $199 annual fee.
Purchase interest. This card has a 22.49% p.a. interest rate for purchases, which is charged if you do not pay your balance in full each statement period. If you do pay your balance in full, you can take advantage of up to 44 interest-free days on purchases.

Cash advance interest rate. If you use your card to make a cash advance (such as an ATM withdrawal), you'll immediately attract the 22.99% p.a. interest rate.
Cash advance fee. A fee worth 3.5% of the transaction amount or $3.50 (whichever is higher) is charged for cash advance transactions in Australia. A $5 fee applies to overseas cash advances.
Foreign transaction fee. When you make a purchase overseas or online with an international retailer, you will be charged a fee of 3.5% of the transaction amount.

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 Rewards Card

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Dan

April 14, 2024

I have a citi rewards card .. I can I get complimentary travel insurance.

Sarah Megginson Finder

September 20, 2024

Hi Dan,

Yes, this card comes with complimentary mobile phone insurance and international travel insurance.

Sam

October 05, 2023

I am holding Australian partner visa 309 , can i apply for this card?

Amy Bradney-George Finder

October 09, 2023

Hi Sam,

You need to be a permanent Australian resident to apply for a Citi credit card. You can compare credit cards available to temporary residents on Finder. I hope this 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 Rewards Credit Card

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How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

Sources

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