Redeem your points for travel, cashback, gift cards, retail rewards and shopping gift cards.
You can get flights via Velocity, Krisflyer, Virgin Australia Vouchers or TakeFlight.
Bonus points available at selected merchants. On first spend on the Gold MasterCard before 30/9/2011 receive 10,000 bonus reward points.
Privileges
Travel Accident Insurance
Purchase Protection
Value of rewards points
Example reward
You'd need to spend
$100 gift card
$17,200
$100 cash back
$20,000
Flight: Sydney-Melbourne
$14,700
Flight: Sydney-London
$187,500
Points are capped?
at $60,000 pa
Points expire?
Never
Details behind our 'value of rewards' calculations
Points earning
1.0 points per dollar on MasterCard, up to 60000 points per year
$100 gift card
17200 points buys a Myer $100 Gift Card
$100 cash back
20000 points buys a $100 credit
Flight: Sydney-Melbourne
1 points buys 0.66666667 Velocity points; 9800 Velocity points buys a Virgin Australia Syd-Mel flight
Flight: Sydney-London
1 points buys 0.66666667 Velocity points; 125000 Velocity points buys a Velocity partner London flight
(how did we do it? find out...)
Rewards scheme
Points are automatically credited to the Qantas Frequent Flyer program.
All rewards are redeemed via Qantas Frequent Flyer.
Bonus points available at selected merchants.
Privileges
Travel Accident Insurance
Purchase Protection
Value of rewards points
Example reward
You'd need to spend
Flight: Sydney-Melbourne
$12,850
Flight: Sydney-London
$128,000
$100 gift card
$13,500
Points are capped?
at $60,000 pa
Points expire?
Never
Details behind our 'value of rewards' calculations
Points earning
1.0 points per dollar on MasterCard, up to 60000 points per year
Flight: Sydney-Melbourne
12850 points buys a Qantas Syd-Mel flight
Flight: Sydney-London
128000 points buys a Qantas London flight
$100 gift card
13500 points buys a Myer $100 Gift Card
(how did we do it? find out...)
Rates
Purchase rate
19.74%
Intro purchase rate
none
Balance transfer rate
1.90% for 6 monthsand then 20.49%
Balance transfer term
6 Months
Balance transfer revert to cash
yes
Cash advance rate
20.49%
Interest free days
55
Other financial bits
Minimum repayment amount
$
Minimum repayment percent
none
Fees
Annual card fee
$90.00
Introductory fee
none
Annual fee spend threshold
none
Reward program fee
$
Late payment fee
$10.00
Overlimit fee
$40.00
Cash advance fee
$2.7%, min $2.70
Foreign exchange margin
3.40%
Duplicate statement fee
$7.00
Transaction verification fee
$0.00
Additional card fee
$15.00
Establishment fee
$
Features
Additional cardholders
yes
Other restrictions
Points capped at 60,000 each 12 month period. Income > $35,000pa
Other benefits
none
Rates
Purchase rate
19.74%
Intro purchase rate
none
Balance transfer rate
1.90% for 6 monthsand then 20.49%
Balance transfer term
6 Months
Balance transfer revert to cash
yes
Cash advance rate
20.49%
Interest free days
55
Other financial bits
Minimum repayment amount
$
Minimum repayment percent
none
Fees
Annual card fee
$118.00
Introductory fee
none
Annual fee spend threshold
none
Reward program fee
$
Late payment fee
$10.00
Overlimit fee
$40.00
Cash advance fee
$2.7%, min $2.70
Foreign exchange margin
3.40%
Duplicate statement fee
$7.00
Transaction verification fee
$0.00
Additional card fee
$15.00
Establishment fee
$
Features
Additional cardholders
yes
Other restrictions
Points capped at 60,000 each 12 month period. Income > $35,000pa.
Other benefits
none
About MyState
MyState Financial is a Tasmanian based group of credit unions who have assisted its customers within savings, investments and loans for first cars and homes. MyState provide a unique and personalised service within insurance, financial planning and quality banking. For over 50 years MyState has been providing these services to its customers within Tasmania and wider Australia.
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