MyCard Premier Credit Card
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- Purchase rate
- 22.49% p.a.
- Reward point per $ spent
- 1
- Annual fee
- $300 p.a.
- Interest-free on purchases
- Up to 44 days
Our verdict
Earn MyCard Reward Points and complimentary airport lounge access, hotel discounts and complimentary travel insurance.
The MyCard Premier is a premium credit card that offers MyCard Reward points on your spending. Benefits include 2 yearly Priority Pass airport lounge access, complimentary travel and mobile phone insurance, and a personal concierge service. You can also enjoy 10% off selected hotels with Expedia or Wotif and up to 15% off LUX Exclusive hotel offers.
Pros
-
Discounts available at select hotels
-
Complimentary Priority Pass membership and 2 airport lounge visits per year
-
Complimentary travel insurance
Cons
-
Annual fee $300 is relatively high
-
3.5% foreign transaction fee
Details
Product details
| Product Name | MyCard Premier |
| 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 | $10,000 |
| Max credit limit | $100,000 |
| Card type | Mastercard |
Rewards
| Rewards program | MyCard Rewards |
| Bonus points | N/A |
| Rewards points per $ spent | 1 |
| Rewards points cap | 200,000 |
Fees
| Annual fee | $300 |
| 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.
Sources
Your reviews
Richard Finder
Senior Money Editor
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Angus Kidman Finder
September 13, 2024
Hey Sue, The Citi T&Cs note that PayAll payments are added to the retail purchase balance, so the interest free period should still apply. If you’re going to use this extensively though, it would be worth double checking with Citi itself – you can contact the bank on 13 24 84. Hope this helps!
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Gary
January 09, 2019
What is the conversion rate if I would like to convert the Citi rewards point to Kris Flyer?
Jhezelyn Finder
January 10, 2019
Hello Gary,
Thank you for your comment.
The conversion is 1 Citi Mile to 1 KrisFlyer Mile (or 5 Citi Points to 2 KrisFlyer Miles).
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
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Robert
June 18, 2017
How many Qantas points do I get for each Citi Reward Point? Do the rewards points change per $ spent after 30 June 17? Is there an international transaction fee for overseas purchases? I already have a Citibank Visa debit card – does this effect me in any way?
Jonathan
June 18, 2017
Hi Robert!
Your existing Citi Reward Points cannot be converted to Qantas. Qantas Points are earned in accordance with the Citibank Qantas Rewards Program and you need to contact them to switch you over.
Qantas point per dollar is:
1.5 point for all eligible International Spend;
1.5 point for selected domestic purchases made and booked directly from a range of major: restaurants and restaurant chains, hotel chains and airlines (flights only);
1 point for selected domestic purchases made at major: petrol outlets, supermarkets, and national retailers;
0.5 point everywhere else on domestic eligible transactions
As for the changes this year, we have a full list of how every Australian bank will change its rewards program for your guidance.
Hope this helps.
Cheers,
Jonathan
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Lorraine
October 05, 2016
We are planning a 5 day (round trip) cruise from Fremantle WA and have paid for it on our Citibank signature card. Are we covered for complimentary travel insurance?
May Finder
October 06, 2016
Hi Lorraine,
Thank you for your question.
Just to confirm, are you travelling outside of Australia? If so, with your Citi Signature Rewards Credit Card, you are covered for international travel insurance at no cost to you. Please feel free to read our Citibank complimentary insurance guide where you can find more details about the complimentary travel insurance attached to your Citi Signature Rewards Credit Card.
Hope this has helped.
Cheers,
May
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Bernard Joffe
August 17, 2016
I am currently a citibank rewards cardholder – Can I apply for the signature card?
Chester
August 17, 2016
Hello Bernard,
Thanks for your question.
Yes you may as long as you meet the specific criteria set by the credit card issuer. Please note that you must have an annual income of $75,000 and your credit rating must be in good standing.
Required documents are:
Required documents
Required documents
* Personal information. Your name, age, address, and contact details will be necessary to complete the application.
* Employment. Have your employer’s contact information ready.
* Income. Using tax forms or your current pay slips, you will need to disclose your current income.
* Proof of identity. Identifying documents include an Australian driver’s licence, passport, Medicare card or birth certificate.
You may also feel free to contact Citibank for more info.
I hope this helps
Cheers!
Chester
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Sue Bromley
September 12, 2024
We have a new Citi premier credit card.
We always pay our balance by the monthly due date and will looking at adding City pay for monthly payments for domestic bills.e.g. Insurance and utilities.
They do attract .95% fee.
I’m having trouble trying to establish if these payments still fall under the 44 days interest free. I do understand that all retail purchases are covered.
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