MyCard Rewards Velocity
$199 first year annual fee
60,000 points
$2,000 min limit
0.40 points per dollar
Spend $5,000 in 90 days
Offer Details
Mid-Tier
First Year Points
60,000 points
Velocity
Second Year Points
30,000 points
With $199 annual fee
Minimum Spend
$5,000
within 3 months
Ongoing Earn Rate
0.40x points per $1 spent
Fees
First Year Annual Fee
$199
Ongoing Annual Fee
$199
From year 2 onwards
Note: Additional fees may apply for cash advances, foreign transactions, overlimits, and late payments. Check the issuer's terms and conditions for complete fee details.
I'd like to use my bonus for:
Craig's Analysis60,000 bonus + 2,000 from $5,000 spend
62,000 Velocity pts × 1.7¢/pt = $1,054
− $199 first year fees
Est. profit $855
Bonus Difficulty
Moderate
●●○$56 per day required
First Year Cost
$199
annual fee
Earn Rate
Poor
●○○○0.40x Velocity points per $1
Did this help you make a decision?
$51 of profit after meeting spend requirements
+ $250 Coles gift cards
- $199
annual fee
$100
x 2
$50
x 1
in Coles gift cards, $250 total, with 8,410 points remaining.