MyState Credit Cards

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MyState offers two types of credit cards – do you want one linked to a rewards program or one that attracts a low interest rate?

MyState has offered the Tasmanian community diversified financial services for over five decades, and boasts more than 120,000 customers and over $1.7 billion in assets. MyState functions as a completely owned subsidiary of MyState Limited, with the latter came into being in 2009 owing to the merger of MyState and Tasmanian Perpetual Trustees Limited. This institution is the largest Tasmanian-owned financial institution, with branches spread across the north, northwest, and south. You can turn to this financial institution if you want to apply for a credit card, and you get different options from which to choose

Comparison of MyState Credit Cards

Rates last updated May 23rd, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
MyState Financial Low Rate MasterCard
This is a card with a low ongoing interest rate on purchases bundled with a low annual fee.
12.99% p.a. 0% p.a. for 9 months $49 p.a. More info
MyState Financial Platinum Rewards MasterCard
Receive for up to months on purchases and balance transfers at an annual fee of $159 for life.
20.24% p.a. 0% p.a. for 14 months $99 p.a. annual fee for the first year ($159 p.a. thereafter) More info

Types of credit cards that MyState offers

MyState offers two credit cards and they differ in terms of interest, fees, and features, so choose one in accordance to your needs.

  • Low rate credit cards

While a typical low rate credit card does not offer too much in the form of features, its low interest rate is what works in your favour. You can apply for a low rate MasterCard through MyState, and in addition to its low interest rate you can get up to 55 interest-free days on purchases. You can use this card for balance transfers and take advantage of an introductory rate. In addition, cardholders receive peace of mind through the card’s guaranteed pricing scheme and purchase cover insurance.

Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate (p.a.) Product Description
MyState Financial Low Rate MasterCard
12.99% p.a.
Up to 55 days on purchases
$49 p.a.
0% p.a. for 9 months
This is a card with a low ongoing interest rate on purchases bundled with a low annual fee.

Compare up to 4 providers

Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate (p.a.) Product Description
HSBC Low Rate Credit Card
13.25% p.a.
Up to 55 days on purchases
$55 p.a.
0% p.a. for 15 months with 2% balance transfer fee
Save with 13.25% p.a. on purchases. Also enjoy exclusive offers with the home&Away Privilege Program.
St.George Vertigo Visa
13.24% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 14 months
Save with 13.24% p.a. on purchases. Also enjoy up to 55 days interest-free.
Westpac Low Rate Card - Online Only Balance Transfer Offer
13.49% p.a.
Up to 55 days on purchases
$59 p.a.
0% p.a. for 24 months with 2% balance transfer fee
A low interest rate on everyday purchases and a long term balance transfer rate offer of 0% for 24 months.
St.George Vertigo Platinum
12.74% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 20 months
Save with 12.74% p.a. on purchases. Also enjoy Visa Platinum Concierge service.
NAB Low Rate Platinum Card
13.99% p.a.
Up to 55 days on purchases
$100 p.a.
0% p.a. for 18 months with 3% balance transfer fee
Save with 13.99% p.a. on purchases. Also enjoy access to 7 complimentary insurances.
ANZ Low Rate
12.49% p.a.
Up to 55 days on purchases
$58 p.a.
0% p.a. for 16 months with 2% balance transfer fee
Take advantage of 0% p.a. for 16 months on balance transfers and a low ongoing interest rate on purchases.
Bendigo Bank Basic Black Credit Card
12.24% p.a.
Up to 44 days on purchases
$45 p.a.
A basic credit card that features low interest rates, low annual fee and up to 44 interest-free days on purchases.
ANZ Low Rate Platinum
11.49% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 16 months with 2% balance transfer fee
Enjoy platinum benefits with exclusive discounts, complimentary travel insurance and personal concierge. Also repay your credit card debt interest-free with 0% p.a. for 16 months on balance transfers.
NAB Low Rate Credit Card
13.99% p.a.
Up to 55 days on purchases
$59 p.a.
0% p.a. for 18 months with 3% balance transfer fee
Save with 13.99% p.a. on purchases. Also enjoy special offers from Visa Entertainment.
BankSA Vertigo Visa
13.24% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 14 months
Enjoy a low balance transfer offer of 0% p.a. for 14 months and a low ongoing purchase rate from BankSA.
American Express Essential®  Credit Card
14.99% p.a.
Up to 55 days on purchases
$0 p.a.
0% p.a. for 12 months with 1% balance transfer fee
A no annual fee card that collects up to 1 Membership Rewards point for every $1 spent.
Bank of Melbourne Vertigo Platinum
12.74% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 20 months
Save with 12.74% p.a. on purchases. Also enjoy up to 55 days interest-free.
Virgin Money Low Rate Credit Card
11.99% p.a.
Up to 44 days on purchases
$99 p.a.
0% p.a. for 12 months
Save with 11.99% p.a. on purchases. Also enjoy the protection of Fraudshield.
Westpac Low Rate Card
0% p.a. for 6 months (reverts to 13.49% p.a.)
Up to 55 days on purchases
$59 p.a.
0% p.a. for 12 months
A simple low interest rate card featuring a low ongoing rate on purchases, up to 55 days interest-free on purchases and a low annual fee.
Heritage Bank Gold Low Rate Credit Card
11.80% p.a.
0 interest free days
$0 p.a.
0% p.a. for 12 months
Save with 11.8% p.a. on purchases. Also enjoy $0 annual fee.
Coles Low Rate Mastercard
12.99% p.a.
Up to 62 days on purchases
$49 p.a.
0% p.a. for 6 months
Receive $100 off a single Coles Supermarket shop If you apply, are approved by 30 June 2017 and make a purchase within the first 30 days.

Compare up to 4 providers

Learn more about low rate credit cards

  • Platinum credit cards

A platinum card is ideal for individuals who wish to complement their lifestyles with premium rewards. The Platinum MasterCard that MyState offers rewards you in accordance to your spending, and it also offers a number of complimentary insurance covers. Cardholders get access to a free platinum concierge service as well. This card comes with a special introductory rate for balance transfers and purchases, and you can get up to 55 interest-free days on purchases.

Rates last updated May 23rd, 2017
Bonus Points Points per $ spent Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
MyState Financial Platinum Rewards MasterCard
Receive for up to months on purchases and balance transfers at an annual fee of $159 for life.
20,000 bonus points VISA/MC: 1 AMEX: 0 20.24% p.a. 0% p.a. for 14 months $99 p.a. annual fee for the first year ($159 p.a. thereafter) More info
Rates last updated May 23rd, 2017
Bonus Points Points per $ spent Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
NAB Rewards Platinum Card
Earn 1 NAB Rewards Point per $1 spent and receive double points on purchases made in major department and hardware stores.
80,000 bonus points 1 19.99% p.a. 4.99% p.a. for 6 months $0 p.a. annual fee for the first year ($195 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Earn 1 Reward Point per $1 spent and receive an annual fee refund with minimum spend.
VISA/MC: 1 AMEX: 0 19.99% p.a. 0% p.a. for 22 months with 2% balance transfer fee $99 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Take advantage of 0% p.a. for 18 months on balance transfers with a 1.5% BT fee. Plus, receive an exclusive $129 Virgin Australia Gift Voucher each year.
VISA/MC: 0.66 AMEX: 0 20.74% p.a. 0% p.a. for 18 months with 1.5% balance transfer fee $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
Citi Rewards Platinum Credit Card
Enjoy a long-term balance transfer offer and earn 1 Citi Reward Point per $1 spent on all eligible domestic and international spend.
VISA/MC: 1 AMEX: 0 20.99% p.a. 0% p.a. for 24 months with 1.5% balance transfer fee $49 p.a. annual fee for the first year ($149 p.a. thereafter) Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
VISA/MC: 0 AMEX: 0 0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
NAB Premium Card
Platinum credit card benefits including higher credit limits and travel insurance, plus a low interest rate on balance transfers.
VISA/MC: 0 AMEX: 0 19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 p.a. Go to site More info
Qantas American Express Ultimate Card
Fly faster with up to 2.5 Qantas Points per $1 spent and receive a complimentary Qantas domestic return Economy flight every year.
55,000 bonus points 1.5 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $450 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Fly faster with up to 1 Qantas Point per $1 spent and receive bonus Qantas Points on selected Qantas products, services and partners.
60,000 bonus points VISA/MC: 1 AMEX: 0 19.99% p.a. $199 p.a. Go to site More info
American Express Explorer® Credit Card
Earn up to 2 Membership Rewards Points per $1 spent and receive a $400 Travel Credit every year.
50,000 bonus points 2 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $395 p.a. Go to site More info
St.George Vertigo Platinum
Save with 12.74% p.a. on purchases. Also enjoy Visa Platinum Concierge service.
VISA/MC: 0 AMEX: 0 12.74% p.a. 0% p.a. for 20 months $99 p.a. Go to site More info
ANZ Frequent Flyer Platinum
Get 50,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months. Enjoy a waived annual fee for the first year and earn up to 0.750 Qantas Points for spending.
50,000 bonus points 0.75 19.99% p.a. $0 p.a. annual fee for the first year ($295 p.a. thereafter) Go to site More info
Citi Simplicity Card
A no annual fee Platinum card with Visa Front Line Access.
VISA/MC: 0 AMEX: 0 19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
28 Degrees Platinum Mastercard
Benefit from no international transaction fees on purchases, no currency conversion fees and no annual fee.
21.99% p.a. 4.99% p.a. for 6 months $0 p.a. Go to site More info
ANZ Low Rate Platinum
Enjoy platinum benefits with exclusive discounts, complimentary travel insurance and personal concierge. Also repay your credit card debt interest-free with 0% p.a. for 16 months on balance transfers.
11.49% p.a. 0% p.a. for 16 months with 2% balance transfer fee $99 p.a. Go to site More info
NAB Low Rate Platinum Card
Save with 13.99% p.a. on purchases. Also enjoy access to 7 complimentary insurances.
13.99% p.a. 0% p.a. for 18 months with 3% balance transfer fee $100 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
An interest-free period on both purchases and balance transfers.
VISA/MC: 0.66 AMEX: 0 0% p.a. for 12 months (reverts to 20.74% p.a.) 0% p.a. for 6 months $129 p.a. Go to site More info
ANZ Rewards Travel Adventures card
Pay no overseas transaction fee on purchases, earn up to 1.5 for every dollar spent on eligible purchases, plus receive complimentary domestic return flight and lounge passes each year you hold the card when you spend $500 on eligible purchases within the first three months.
1.5 20.24% p.a. $225 p.a. Go to site More info
ANZ Rewards Platinum
Enjoy accelerated points earning and great Platinum features with ANZ Rewards Platinum card. Also get the chance to receive 50,000 bonus Reward Points when you spend $2,500 in the first 3 months from card approval plus a waived annual fee for the first year.
50,000 bonus points 1.5 18.79% p.a. $0 p.a. annual fee for the first year ($95 p.a. thereafter) Go to site More info
Heritage Bank Platinum Credit Card
Take advantage of 0% p.a. for 12 months on balance transfers. Plus, receive complimentary insurance when you travel.
16.75% p.a. 0% p.a. for 12 months $125 p.a. Go to site More info
Westpac 55 Day Platinum Credit Card
Enjoy platinum card benefits offering 0% p.a. introductory rate on purchases and balance transfers, combined with an annual fee waiver in the first year.
VISA/MC: 0 AMEX: 0 0% p.a. for 6 months (reverts to 19.84% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($90 p.a. thereafter) Go to site More info

Learn more about platinum credit cards

Benefits of banking with MyState

Both credit cards that MyState offers come with their share of advantages, and here’s what you can look forward to as a cardholder:

  • Complimentary insurance covers

The Low Rate MasterCard offers cardholders protection through the guaranteed pricing scheme and purchase cover insurance. While these are standard with the Platinum MasterCard, this card also offers additional cover through complimentary international travel insurance, interstate flight inconvenience insurance and transit accident insurance.

  • Platinum concierge service

If you have the Platinum MasterCard you can access round-the-clock platinum concierge service that can assist you in various ways. For example, it can help you with pre-trip information regarding flight and hotel availability as well as help you make bookings. Some of the other services you can expect include pet services, conference services, interpretation services and even assistance with restaurant reservations.

  • Promotional rates

The low rate credit card comes with a discounted interest rate for balance transfers, which stays in place for nine months. The platinum card, on the other hand, offers a 0% p.a. promotional interest rate for six months, and this applies to balance transfers and purchases.

  • MasterCard benefits

Given the MasterCard connection, you can use both these cards globally. Both these cards make use of PayPass technology, enabling you to make contactless payments for purchases less than $100. Fraudshield is also in place to monitor and detect irregular transactions.

How to apply for a MyState credit card

To apply for a MyState credit card you can call their customer service centre or walk into your nearest MyState branch. You can also complete your application online, and to get started simply click on the ‘Go to Site’ button located next to the credit card of your choice. Establish if you meet the following criteria before you apply. You need to:

  • Be over 18 years old
  • Be a permanent Australian resident
  • Not have poor creditworthiness
  • Meet minimum income requirements ($25,000 for the low rate card, and $35,000 for the platinum card)
  • Have a valid email address

The application requires you to part with different types of information, which includes the following:

  • Personal details. This include your name, date of birth, nationality, marital status, number of dependents, residential address, phone number and email address.
  • Employment details. Your employment status, occupation and industry, as well as your employer’s name and contact details will be required.
  • Income and expenses. Provide income details from all sources. Expenses include your share of general living expenses and any other recurring expenses. You also have to provide details about existing credit cards, store cards, loans and overdrafts.

What happens next?

After you submit your application, you can expect a phone call in case the MyState requires any more information. An income verification call will then be made to your employer. Upon approval, individuals who are not existing MyState customers have to undergo an identity verification process, as mandated by the Australian government, and to do this you might have to visit a MyState branch.

Frequently asked questions

Here are answers to frequently asked questions about MyState credit cards, and if you have a question of your own you can use the form at the end of the page to ask.

If you begin with all the required information close at hand the process should take around 10 to 15 minutes.

Yes, you can check the status of your application by visiting the Card Services website.

The minimum credit limit of the low rate card is $2,000, and for the platinum card it's $6,000. The maximum limits for the low rate and platinum cards at the time of initial approval are $25,000 and $35,000, respectively. You can apply for an increase in your credit limit, but keep in mind you have to fulfil certain criteria.

At the end of the introductory period (six months for the platinum card and nine months for the low rate card) any outstanding balance from a balance transfer attracts the card’s cash advance rate. In the case of the platinum card, any outstanding balance from purchases will attract the card’s purchase rate.

Yes. You cannot transfer balances exceeding 80% of your card’s credit limit.

You can apply for as many as four additional cardholders.

The Platinum MasterCard comes linked to the Card Services Rewards Program. When you use your platinum credit card to make in-store, online, or over-the-phone purchases, every dollar you spend earns 1 reward points. These points accumulate in your Card Services Rewards account.

Your credit card statement tells you just how many points you have. You can visit the Card Services website to check how many points you have and you can also call MyState directly.

No, your reward points don’t expire as long as you keep using your card and you account remains in good standing.

With the platinum card you can earn up to 100,000 reward points in every 12-month cycle, which begins from the time you enrol in the rewards program.

One way is to visit the Card Services website, and another is to call them directly.

You can use your reward points to get airline tickets, hotel vouchers, store vouchers and a range of merchandise. You also have the option to transfer your reward points to popular frequent flyer programs like Velocity, KrisFlyer and Emirates Skywards.

While you and the first additional cardholder have authority to redeem reward points, you can grant this same authority to the other additional cardholders as well.

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American Express Velocity Platinum Card
American Express Velocity Platinum Card

Interest rate

20.74

Annual fee

375
ANZ Platinum Credit Card - Exclusive Offer
ANZ Platinum Credit Card - Exclusive Offer

Interest rate

19.74

Annual fee

87
St.George Vertigo Platinum
St.George Vertigo Platinum

Interest rate

12.74

Annual fee

99

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2 Responses to MyState Credit Cards

  1. Default Gravatar
    Venie | March 27, 2015

    I have a MyState platinum MasterCard. How do I go about accessing the free international travel insurance? I have mislaid the original documentation that I assume I was given several years ago when I first received the card.

    • Staff
      Jonathan | March 27, 2015

      Hi Venie, thanks for your inquiry!

      Please refer to the terms and conditions PDF I have sent to your email.

      Cheers,

      Jonathan

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