MyCard Premier Credit Card
Earn MyCard Reward Points on eligible spend and enjoy two complimentary airport lounge visits each year when you enrol in Priority PassTM.
This product is issued by National Australia Bank Limited.
2 MyCard Reward Points per $1 spent on Eligible Transactions online or overseas and 1 MyCard Reward Point per $1 spent on Eligible Transactions everywhere else, capped at 200,000 MyCard Reward Points over a 12-month period¹
- Receive complimentary membership and two airport lounge visits every year when you enrol in Priority Pass™.²
- Get up to 15% off Limited Time LUX Exclusive hotel offers (up to $250 per booking) and 10% off international tours (up to $250 per booking) booked by 1 March 2027⁷
- 10% off selected hotels with Expedia or Wotif⁸
- Receive complimentary mobile phone insurance for Accidental Damage and when you pay your Monthly Mobile Plan with your MyCard Premier Credit Card⁴
- Ability to earn MyCard Reward Points and transfer them to Velocity. You can automatically transfer your Points balance to Velocity each month with Points Autoredemption⁹
- Apple Pay, Google Pay & Samsung Pay¹²
Why we like the MyCard Premier Credit Card
If you’re looking for a Credit Card in Australia that earns points on domestic and international spend, then look no further than the MyCard Premier Credit Card!
You’ll earn 2 MyCard Reward Points per $1 spent on eligible transactions online or overseas, and 1 MyCard reward Point per $1 spent on eligible transactions everywhere else, capped at 200,000 MyCard Reward Points over a 12-month period.¹
MyCard Reward Points can be transferred to Velocity Frequent Flyer at a 2:1 ratio, giving you the ability to redeem Velocity Points for flights with Virgin Australia and its partner airlines like Qatar Airways, Singapore Airlines, United Airlines, Air Canada and more.
The MyCard Premier Credit Card also includes includes two complimentary airport lounge visits each year when you enrol with Priority PassTM.2
Cardholders also enjoy a range of complimentary insurances, including International and Domestic Travel Insurance³ and Mobile Phone Insurance⁴, Up to 15% off Limited Time LUX Exclusive hotel offers (up to $250 per booking) booked by 1 March 20277, as well as other card benefits and discounts.
Key Information & How to Apply
Key facts about this card
- Signup bonus
- 110,000 bonus Velocity Frequent Flyer Points⁹ , when you spend $8,000 on eligible purchases within 90 days from approval and enrol in Points Autoredemption⁹
- Annual fee
- $300 p.a. ongoing
- Interest rate
- 22.49% p.a. on retail purchases
- Interest-free days
- Up to 44 days
- Minimum credit limit
- $10,000
To apply for this card, you will need
- Permanent Australian resident, aged 18 years or older
- Receive a regular income
- Have a good credit rating
- Mobile phone and email
- 2 forms of identification: Australian Driver Licence OR Passport OR Medicare Card
- Proof of income i.e. payslips
- 10-15 minutes to complete your application
Sign-up bonus
For a limited time, earn 110,000 bonus Velocity Points9 when you apply for the MyCard Premier Credit Card!
To receive the bonus points, you must apply, be approved and spend $8,000 on eligible purchases within 90 days from approval and enrol in Points Autoredemption⁹.
MyCard Premier Credit Card benefits and features
The MyCard Premier Credit Card includes a range of features and benefits. Here’s what to expect…
Complimentary airport lounge access
Receive complimentary membership and two airport lounge visits every year when you enrol in Priority Pass™️.2
Access to Complimentary Insurance
You may be eligible for the following complimentary insurances with the MyCard Premier Credit Card:
- International and Domestic Travel insurance3 – up to 3 months for International Travel and up to 14 days for Domestic Travel when meeting eligibility criteria.
- Rental Vehicle Excess insurance in Australia3
- Purchase Protection insurance3
- Extended Warranty insurance3
- Mobile Phone Insurance4 – pay your monthly mobile plan bill with your MyCard Premier Credit Card and you’ll receive accidental damage and theft insurance cover.
Before you consider using these insurances, we recommend reading the Policy Information Booklet to determine if the insurance cover meets your individual needs.
Luxury Escapes
Aside from the ability to earn points, the MyCard Premier Credit Card also includes up to 15% off Limited Time LUX Exclusive hotel offers (up to $250 per booking) booked by 1 March 2027.⁷
Earning points
The MyCard Premier Credit Card earns points towards the MyCard Rewards program at the following rates:
- 2 MyCard Reward Points per $1 spent on eligible transactions online or overseas.1
- 1 MyCard Reward Point per $1 spent on eligible transactions everywhere else.1
The points earn is capped at 200,000 MyCard Reward Points over a 12-month period.
Cardholders can opt-in to Points Autoredemption to automatically transfer your MyCard Reward Points balance to Velocity Frequent Flyer each month. The transfer rate is 2 MyCard Reward Points to 1 Velocity Point, with a minimum transfer of 2,000 MyCard Reward Points in 1-point increments.
If you travel overseas or make regular online transactions in foreign currency, then the MyCard Premier Credit Card can be a good way to earn MyCard Reward Points from international spend. Note that this card attracts a 3.5% overseas transaction fee, so consider if this fee is worth the points earned.
Provided your card account remains open and in good standing (for example – your account is not in default, suspended or closed), your MyCard Reward Points will not expire.
Using points
Transfer points to Velocity Frequent Flyer
When you opt-in to Points Autoredemption, your MyCard Reward Points will automatically convert to Velocity Points each month.
Velocity Points can be redeemed for domestic and international flights with Virgin Australia. You could also redeem Velocity Points for flights with Virgin Australia’s partner airlines, including Qatar Airways, United Airlines, Air Canada, Singapore Airlines, ANA, Hawaiian Airlines and more.
We’ve covered the best ways to redeem Velocity Points in our guide.
Pay with Points
There are many options for redeeming MyCard Reward Points, but a key feature of MyCard Credit Cards is the ability to ‘Pay with Points’. This allows cardholders to use MyCard Reward Points to offset eligible purchases made with their card.11
The redemption rate is 2,500 MyCard Reward Points for $10 back (0.4 cents per point), which will appear as a credit on your statement.
Summary
Pros
- Earn up to 2 MyCard Reward Points on eligible spend¹
- Two complimentary airport lounge visits each year when you enrol with Priority Pass2
- Exclusive cardholder discounts and benefits
- Access to Complimentary International and Domestic Travel Insurance3
- Complimentary Mobile Phone Insurance4
- Compatible with Apple Pay, Google Pay and Samsung Pay12
Cons
- Points-earning rate capped at 200,000 MyCard Reward Points over a 12-month period
- High interest rate on purchases (this is a potential issue if you think you’ll be unable to repay your balance in full each month)
2 MyCard Reward Points per $1 spent on Eligible Transactions online or overseas and 1 MyCard Reward Point per $1 spent on Eligible Transactions everywhere else, capped at 200,000 MyCard Reward Points over a 12-month period¹
- Receive complimentary membership and two airport lounge visits every year when you enrol in Priority Pass™.²
- Get up to 15% off Limited Time LUX Exclusive hotel offers (up to $250 per booking) and 10% off international tours (up to $250 per booking) booked by 1 March 2027⁷
- 10% off selected hotels with Expedia or Wotif⁸
- Receive complimentary mobile phone insurance for Accidental Damage and when you pay your Monthly Mobile Plan with your MyCard Premier Credit Card⁴
- Ability to earn MyCard Reward Points and transfer them to Velocity. You can automatically transfer your Points balance to Velocity each month with Points Autoredemption⁹
- Apple Pay, Google Pay & Samsung Pay¹²
Frequently Asked Questions (FAQs)
To apply for a MyCard Premier Credit Card, you would need to be a Permanent Australian resident, aged 18 years or older. You’ll also need a mobile phone, 2 forms of identification as well as proof of income.
The minimum credit limit is $10,000.
MyCard Reward Points do not expire provided that your account remains open and in good standing and is not in default, suspended or closed.
Yes, you can link your MyCard Premier Credit Card to contactless payment solutions like Apple Pay, Google Pay and Samsung Pay.¹²
All rewards are subject to the Terms and Conditions of the MyCard Rewards Program, opens in new window. MyCard Premier Credit Card earns 2 Points per $1 for Eligible Transactions made online, 1 Point per $1 spent everywhere else on eligible Domestic Spend and 2 Points per $1 spent on eligible International Spend. The Points earn is capped at 200,000 points over a 12 month period. The annual cap will reset on your next statement cycle date following the anniversary of your enrolment to your Rewards program. The cap includes points earned on Domestic and International spend. Domestic Spend and International Spend means any Eligible Transaction made with a merchant who respectively tells us they are located within Australia or outside Australia. Points do not expire while the card remains open and in good standing (for example – your account is not in default, suspended or closed). Transactions made indirectly with the online merchants (e.g. through a third party provider such as BPAY and PayPal), mobile wallet or recurring payments are not eligible for the higher earn rate. Please note, a transaction qualifies as an Eligible Transaction made online if it is made via the internet or a mobile application, which is reflected as an online transaction by system indicators and processed by the respective merchants/ acquirers as an online transaction through Visa/Mastercard networks. If a transaction with an online merchant is not classified as an online transaction by the card scheme, it will not be treated as an online transaction for calculating Points. The annual cap will reset on your next statement cycle date following the anniversary of your enrolment to your Rewards program. Please refer to the Terms and Conditions of the MyCard Rewards Program, opens in new window for the full definition of Eligible Transactions. The cap includes Points earned on Domestic and International spend.
One complimentary digital Priority Pass™ Standard Membership, with two complimentary lounge visits, for the primary cardholder is a Special Feature of the MyCard Premier Credit Card. MyCard Premier cardholders must enrol for the Priority Pass™ Standard Membership at www.prioritypass.com/premieraumc, opens in new window and follow the prompts. You will need to download the Priority Pass™ App via the Apple App Store or get it on the Google Play Store to access your Digital Membership Card. The first two visits within each 12-month membership period from registration (membership year) are complimentary to the primary cardholder only, after which any additional visits by you and visits by your guests will be charged directly to you by Priority Pass™ at their ordinary standard rates. Unused visits cannot be carried forward to the following membership year. The total number of complimentary visits will be reset to two at the beginning of each membership year while you remain a MyCard Premier cardholder. The membership is subject to the Priority Pass™ Conditions of Use. Please note that within Australia, Priority Pass™ is available at select airports. For the full list of up-to-date airport lounges and Priority Pass™ Conditions of Use please refer to www.prioritypass.com, opens in new window. Cardholders can use their lounge entitlement to receive AUD$36 off their bill. 1. Each AUD$36 deduction represents a single lounge visit within the cardholders’ existing lounge visit allocation for which the cardholder will, where applicable, be charged. Only 1 card per visit per primary cardholder will be accepted and at point of registration. 2. the AUD$36 is valid for the purchase of any meal/or drinks. To be eligible, cardholders must present a valid Card and Boarding Pass with confirmed same-day travel before placing an order. 3. AUD$36 is non-transferrable & cannot be exchanged for cash substitute or refund if the final bill is lower than AUD$36 per person. 4. Cardholder is responsible for the balance if the total bill exceeds AUD$36 per person. Any remaining balance cannot be used towards gratuity. 5. Priority Pass and its Affiliates Companies shall not be liable should the offer value be less than Customers lounge visit entitlement. Customers who pay for lounge and guest visits are advised to review programme Conditions of Use prior to accessing the offer. Visit www.prioritypass.com, opens in new window for more information.
AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 (trading as Allianz Global Assistance) under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz) has issued a Complimentary insurance group policy to National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) which allows eligible NAB account holders and cardholders to claim under it as third party beneficiaries by operation of s48 of the Insurance Contracts Act 1984 (Cth). NAB is the credit provider and issuer of MyCard branded credit cards. Our/us/we/The MyCard Team means NAB unless the context otherwise requires it. Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. The terms, conditions, exclusions, limits and applicable sub-limits of the group policy are set out in the MyCard Credit Cards Complimentary Insurance Policy Information Booklet (PDF, 619KB), opens in new window which may be amended from time to time. Neither NAB nor any of its related corporations guarantee this insurance.
Mobile Phone Insurance (Cover) is provided under and by way of a group policy (Group Policy) issued by AIG Australia Limited (ABN 93 004 727 753, AFSL 381 686) (AIG) to National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”). NAB is the credit provider and issuer of MyCard branded credit cards. Our/us/we/The MyCard Team means NAB unless the context otherwise requires it. This Cover is available to Cardholders (“you/your”) while you remain an eligible Mastercard and/or Visa cardholder of NAB, subject to NAB’s and AIG’s right to alter the Cover. The terms, conditions and excluded cover are specified in the MyCard Credit Cards Complimentary Mobile Phone Insurance Terms and Conditions (PDF, 190KB), opens in new window as amended from time to time. When eligible, you have the benefit of cover as a third party beneficiary solely by reason of the statutory operation of Section 48 of the Insurance Contracts Act 1984 (Cth). To make sure that the Cover meets your needs and is suitable for you and your personal circumstances, these terms and conditions must be reviewed by you and, if necessary, you should also seek independent financial advice. NAB is not the issuer or insurer of the Cover. NAB nor any of its related corporations guarantee any of the benefits under the Cover. Please note that you must have a contract with a mobile phone provider and a monthly automatic billing arrangement.
Concierge Services is a complimentary service available to the primary cardholder. Refer to the Terms and Conditions (PDF, 250KB), opens in new window of the MyCard Rewards Program. Concierge Services is provided by Mastercard® Travel & Lifestyle Services. Mastercard® Travel & Lifestyle Services are provided by Ten Lifestyle Management Limited.
Refer to the MyCard Rewards and MyCard Qantas Rewards Program Terms and Conditions, for the full Terms of Use which can be found on mycard.com.au/terms.
10% discount is valid on ‘Limited Time LUX Exclusive’ hotel offers in Australia and 15% discount on ‘Limited Time LUX Exclusive’ international hotel offers and a 10% discount on international tours (excluding flights) at luxuryescapes.com/au, opens in new window or on the Luxury Escapes mobile app. Offer is valid at Australian website only. Offer is exclusive to MyCard branded cardholders and is not transferable. Maximum discount available per transaction is $250. Offer is valid if booked by 1 March 2027. To be eligible, customers must use their MyCard branded card at checkout along with the promo codes MYLUXPROMO when purchasing ‘Limited Time LUX Exclusive’ hotels or MYLUXTOURS10 when purchasing an international tour, and the discount will be applied automatically. Excludes transactions made through a third-party establishment or payment processor. We may vary or end this offer at any time acting reasonably. We will notify you of any changes electronically (including via www.mycard.com.au/credit-cards/benefits) or other appropriate method as soon as reasonably practicable. Offer is not valid on flights, LUX Partner Properties, LUX Premium Collection, Last Minute Escapes, Cruises, Experiences or Gift Cards. Offer is not combinable with any other discount or offer. Offer ends 1 March 2027.
To receive the 10% discount on your stand-alone prepaid hotel booking at participating hotels you must book via the unique www.expedia.com.au/traveloffer, opens in new window or www.wotif.com/traveloffer, opens in new window link from 25 February 2025 to 31 January 2027 for stays completed by 30 June 2027, enter the Coupon code on the payment page, and pay with your valid MyCard Credit Card issued by NAB. Discount applies to the first room in multi-room bookings and cannot be combined with other Coupon codes or applied to past bookings. Taxes, fees, and other charges are not included in the discount. The offer is subject to availability and Expedia and Wotif booking terms (see Expedia, opens in new window and Wotif, opens in new window). We may vary or end this offer at any time acting reasonably. We will notify you of any changes electronically (including via www.mycard.com.au/credit-cards/benefits) or other appropriate method as soon as reasonably practicable. NAB may receive a commission from Expedia or Wotif on all hotel bookings made under this offer.
To be eligible to receive 110,000 bonus Velocity Points (automatically redeemed from 220,000 bonus MyCard Reward Points), you must apply for a new MyCard Premier Credit Card before the offer is withdrawn spend a minimum of $8,000 on eligible purchases using your new Card within 90 days from approval, and enrol into Autoredemption for Velocity with your Velocity membership number via Online Servicing. Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, interest and fees. Any refunds and Chargebacks on purchases will also be excluded and will not form part of the spend criteria. 220,000 bonus MyCard Reward Points (equivalent to 110,000 Velocity Points) will be credited to your MyCard Rewards Balance within 2 months of meeting the spend criteria and automatically transferred to Velocity provided you have enrolled in Autoredemption. Once transferred, it may take up to 1 month for the Velocity Points to appear in your Velocity account. Your MyCard Premier Account must remain open and in good standing (for example – your account is not in default, suspended or closed), for the bonus MyCard Reward Points to be awarded and transferred. Membership of Velocity Frequent Flyer and ensuring your Velocity account is valid as at the date of transfer is your responsibility. The redemption of MyCard Reward Points will be administered solely by us and are subject to the Terms and Conditions of the MyCard Rewards Program (PDF, 250KB), opens in new window. Velocity membership and Velocity Points earn and redemption are subject to the Velocity Membership Terms and Conditions, as amended from time to time, available at velocityfrequentflyer.com, opens in new window. This offer commenced 15 December 2025. We may vary or end this offer at any time. This offer is not available when closing or transferring from another MyCard branded credit card account or in conjunction with any other MyCard branded credit card offer.
Your total Balance Transfers may not exceed 80% of your Credit Limit. The 0% p.a. interest rate will apply to balance transfers requested at card application, and the Balance Transfer Fee, for a period of 12 months, commencing from the date the Balance Transfer is processed. The Balance Transfer Fee is 3% of the balance transferred and will be debited to your account on the day or the day after your Balance Transfer is processed. At the end of the balance transfer period, the interest rate on any outstanding transferred balance, and Balance Transfer Fee, will revert to the variable Annual Percentage Rate for Cash Advances, currently 22.99% p.a. This offer excludes balances transferred from MyCard branded unsecured credit products. Read the important Balance Transfer information, before considering taking up a Balance Transfer. This offer commenced 15 December 2025. We may vary or end this offer at any time. This offer is not available when closing or transferring from another MyCard branded credit card account or in conjunction with any other MyCard branded credit card offer.
Pay with Points is available on eligible transactions and is only available for MyCard Rewards, Premier, Prestige, Classic Plus and Platinum cardholders. An eligible purchase is a transaction we will present to you in your MyCard App or MyCard Online that can be paid by redeeming your Reward Points. The types of transactions that may be paid by redeeming your Reward Points may change and we will present these to you in the MyCard App or MyCard Online.
Apple Pay is a trademark of Apple Inc., registered in U.S. and other countries. Google, Android, Google Pay and Google Wallet are trademarks of Google LLC. Samsung and Samsung Pay are trademarks or registered trademarks of Samsung Electronics Co., Ltd.
