QT Mutual Bank MyCard Rewards Mastercard

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credit cards

Purchase rate
19.74%
Balance transfer rate
Annual card fee
$90.00
Interest free days
55

Product info
Customer reviews

Rewards scheme

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

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 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 0.66667 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...)

Rates

Purchase rate: 19.74%
Intro purchase rate: none
Balance transfer rate: none
Balance transfer term: none
Balance transfer revert to cash: none
Cash advance rate: 19.74%
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: $0.00
Late payment fee: $10.00
Overlimit fee: $40.00
Cash advance fee: $2.70%, min $2.70
Foreign exchange margin: 3.40%
Duplicate statement fee: $8.00
Transaction verification fee: $8.00
Additional card fee: $30.00
Establishment fee: $

Features

Additional cardholders: yes
Other restrictions: none
Other benefits: none

About QT Mutual Bank

A mutual organisation Queensland Teachers Credit Union (QTCU) offers a range of financial solutions to its members of the wider Queensland community. QTCU offers a range of financial products aimed at helping you save, borrow and insure, with its specially designed products for teachers. Products that QTCU offers are: term deposits, savings accounts, home loans, car loans, personal loans, overdrafts, debit cards and credit cards.