MyState Financial Rewards Mastercard

MyState Financial offers an excellent rewards card that comes with great benefits as well as very competitive fees. Let's review some of the ways that you will be able to benefit from this great Rewards credit card from MyState Financial.

No longer offered in the market

The MyState Platinum Rewards Mastercard is no longer available for new applications. However, we've kept the information online for the benefit of existing customers and for those who are interested.

You can compare the current range of Platinum credit cards here.

Credit card fees and charges

Despite the fact that this is a rewards credit card, the annual fees are very reasonable at $99 ($129 p.a. thereafter). It is very competitive fees, especially when you take into account the rewards that are offered with the card. You will also be able to add as many as 4 additional credit cards to your account for no charge.

In addition to a great annual fee, there is an introductory balance transfer rate of only 0% p.a.for 14 months. A balance transfer is a great way for you to reduce any existing credit card debt, as you can transfer your balances to this card to take advantage of this great introductory rate. This low interest rate will mean that you can reduce your existing debts a lot faster because you will have less interest to pay.

There are also 55 interest-free days, which allows you to have a little bit more time to pay off your balances, so that you won't incur any interest charges. The purchase interest rate is 20.24% p.a.

What Rewards Can I Earn?

For each dollar that you spend, you will be rewarded with 1 point. Unlike many other reward cards, the rewards on this card do not have an expiry, so you can take as much time as you want to choose your rewards and save up for the ones that you really want.

The rewards program allows you to redeem your rewards points for things such as: travel, cashback, gift vouchers, electronics and gifts for you or your children.

What other benefits are there?

With these great credit cards you will get complimentary purchase insurance for items that you have purchased with your MyState Financial Rewards Mastercard. Items are covered from theft, loss or damage for three months after their purchase.

In addition to this, if you decide to have the Gold card, you and your family will be covered with complimentary insurance that includes overseas travel.

Is this credit card right for me?

This is a very generous credit card. It offers competitive fees and excellent rewards and will be beneficial for a lot of people. But if you do not think that you will be able to pay your balances off every month, then you may want to consider another credit card, since this card does have very high interest rates for purchases.

But if you do plan to spend a lot with this card, then will be a great rewards card for you as you will be able to accumulate a lot of reward points. Contact your local MyState branch to get more information about this great Rewards Mastercard.

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