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 March 1st, 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.

Rates last updated March 1st, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
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. Up to 55 days on purchases More info
Rates last updated March 1st, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on balance transfers for the first 18 months combined with a low annual fee.
13.99% p.a. 0% p.a. for 18 months with a one off 3% balance transfer fee $59 p.a. Up to 55 days on purchases Go to site More info
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Up to 55 days on purchases Go to site More info
Bank of Melbourne Vertigo Visa Credit Card
Enjoy a low annual fee combined with 0% p.a. balance transfer offer for 12 months and 0% p.a. for up to 6 months on purchases.
0% p.a. for 6 months (reverts to 13.24% p.a.) 0% p.a. for 12 months $55 p.a. Up to 55 days on purchases Go to site More info
HSBC Low Rate Credit Card
This card comes with a balance transfer offer, a low interest rate and up to 55 days interest-free on purchases.
13.25% p.a. 0% p.a. for 15 months with 2% balance transfer fee $55 p.a. Up to 55 days on purchases Go to site More info
Bankwest Breeze MasterCard
Enjoy an introductory rate of 0% p.a. on balance transfers for 21 months (2% balance transfer fee applies). Limited time only.
12.99% p.a. 0% p.a. for 21 months with 2% balance transfer fee $59 p.a. Up to 55 days on purchases Go to site More info
ANZ Low Rate Platinum
$250 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 11.49% p.a.) $99 p.a. Up to 55 days on purchases Go to site More info
NAB Low Rate Platinum Card
Offers a low introductory rate of 0% p.a. on balance transfers for 18 months plus enjoy premium benefits including international travel insurance.
13.99% p.a. 0% p.a. for 18 months with a one off 3% balance transfer fee $100 p.a. Up to 55 days on purchases Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 12 months on balance transfers and 0% p.a. for 6 months on purchases, plus a low annual fee.
0% p.a. for 6 months (reverts to 13.24% p.a.) 0% p.a. for 12 months $55 p.a. Up to 55 days on purchases Go to site More info
Westpac Low Rate Card
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.
0% p.a. for 6 months (reverts to 13.49% p.a.) 0% p.a. for 12 months $59 p.a. Up to 55 days on purchases Go to site More info

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 March 1st, 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 March 1st, 2017
Bonus Points Points per $ spent Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
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 a one off 3% balance transfer fee $90 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
VISA/MC: 1 AMEX: 0 19.99% p.a. 0% p.a. for 15 months $149 p.a. 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
Citi Rewards Credit Card - Platinum Card
Enjoy a long term balance transfer offer and earn 1.25 Citi Reward Points on per $1 spent for all domestic purchases.
VISA/MC: 1.25 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
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 bonus Velocity Points in the first 3 months and a low 0% p.a. for 18 months on balance transfers. Receive a free Virgin Australia $129 Gift Voucher each year.
VISA/MC: 0.66 AMEX: 0 20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
American Express Qantas Ultimate Card
Enjoy up to 50,000 bonus Qantas Points on eligible spend, earn up to 3 Qantas Points per $1 spent and get a free domestic return flight every year.
50,000 bonus points VISA/MC: 0 AMEX: 1 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $450 p.a. Go to site More info
American Express Explorer Credit Card
Receive 50,000 Membership Rewards Bonus Points on eligible spend within the first 3 months of Card Membership. Also enjoy a $400 travel voucher and two complimentary airline passes per 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
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
60,000 bonus points VISA/MC: 1 AMEX: 0 19.99% p.a. $199 p.a. Go to site More info
Bankwest Breeze Platinum MasterCard
A Platinum card offer with a 0% p.a. for 21 months on balance transfers and $0 on foreign transactions. Limited time only.
VISA/MC: 0 AMEX: 0 12.99% p.a. 0% p.a. for 21 months with 2% balance transfer fee $99 p.a. Go to site More info
Citi Simplicity Card
Take advantage of the 0% p.a. for 15 months offer on balance transfers, a low interest rate on purchases, an annual fee waiver for life, plus 5% cash back on retail purchases.
VISA/MC: 0 AMEX: 0 19.99% p.a. 0% p.a. for 15 months with 1.5% balance transfer fee $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
$250 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 11.49% p.a.) $99 p.a. Go to site More info
NAB Low Rate Platinum Card
Offers a low introductory rate of 0% p.a. on balance transfers for 18 months plus enjoy premium benefits including international travel insurance.
13.99% p.a. 0% p.a. for 18 months with a one off 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
Commonwealth Bank Business Platinum Awards Credit Card
Earn up to 3 Awards points per dollar spent and enjoy a range complimentary insurances.
VISA/MC: 1 AMEX: 3 20.74% p.a. 5.99% p.a. for 5 months $300 p.a. Go to site More info

Learn more about platinum credit cards

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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 p.a. for the low rate card, and $35,000 p.a. 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.

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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.

How much time does it take to complete the online application?

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

Can I check the status of my application?

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

What is the credit limit and can I request for an increase?

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.

What happens to the interest rate when the introductory period is up?

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.

Is there a maximum limit for balance transfers?

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

Can I apply for an additional cardholder?

You can apply for as many as four additional cardholders.

How do I earn reward points?

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 1.25 reward points. These points accumulate in your Card Services Rewards account.

How do I find out how many points I have?

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.

Do my reward points expire?

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

Is there a cap on the number of reward points I can earn?

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.

How do I redeem my rewards?

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

What rewards options do I have?

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.

Who can redeem my reward points?

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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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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