How to apply for your MyCard Clear Credit Card

The MyCard Clear Credit Card is an excellent choice for those looking to consolidate debt or manage everyday expenses with minimal costs. Offering one of the longest balance transfer periods in the market—0% p.a. for 24 months—this card is designed to give you the breathing room needed to pay down existing debts without the stress of accumulating interest.

With a low ongoing purchase rate of 14.99% p.a., the MyCard Clear Credit Card serves as an ideal financial tool for individuals seeking both debt relief and effective budgeting for their daily expenses.

This card was previously offered under the Citi brand as the Citi Clear Credit Card, and it moved to the MyCard brand on 24 November 2025. National Australia Bank Limited (NAB) is the issuer and credit provider — ABN 12 004 044 937, AFSL and Australian Credit Licence 230686.

MyCard Clear Credit Card Benefits

Balance Transfer Offer

One of the standout features of the MyCard Clear Credit Card is its 0% p.a. balance transfer offer for an extended period of 24 months, making it one of the longest balance transfer periods available. MyCard also offers a longer alternative of 5.99% p.a. for 36 months.

This allows cardholders to focus on reducing their debts without worrying about accumulating interest during this significant timeframe.

However, it’s essential to note that a 3% balance transfer fee applies when transferring existing debt to this card. After the promotional period ends, any remaining balance from the transfer will revert to the cash advance rate of 22.24% p.a.

Low Purchase Rate

The MyCard Clear Credit Card features a competitive ongoing purchase rate of 14.99% p.a. This low interest rate makes the card particularly suitable for everyday spending, allowing you to manage your expenses without the worry of high interest rates typically associated with many credit cards.

Important Considerations

While the MyCard Clear Credit Card presents many advantages, there are important considerations to keep in mind:

1. Interest-Free Days on Hold

The card offers up to 44 days interest-free on retail purchases, which is a valuable benefit. However, this feature is paused if you have an active balance transfer.

This means that any new purchases made during the balance transfer period will accrue interest at the ongoing purchase rate of 14.99% p.a.

Therefore, if you plan to use the card for significant purchases while simultaneously paying down transferred debt, it’s crucial to understand how this may impact your overall financial strategy.

2. Balance Transfer Revert Rate

As previously mentioned, after the 24-month promotional period, any remaining balance from the transfer will revert to the 22.24% p.a. cash advance rate.

It is vital to have a repayment strategy in place to ensure that the balance is cleared before this higher revert rate kicks in.

Failing to do so could result in substantial interest charges that undermine the benefits of the initial balance transfer offer.

What You Should Have to Apply

To apply for the MyCard Clear Credit Card, you must meet the following eligibility criteria:

• Age: applicants must be at least 18 years old to apply
• Residency: only Australian citizens and permanent residents can apply
• Credit Rating: applicants should have a good credit rating, to improve their chances of approval

Before submitting your application, it’s wise to ensure that you meet all the eligibility criteria. NAB may request supporting documents, such as payslips or bank statements, to verify your financial standing.
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MyCard Clear Credit Card Fees and Tariffs

Understanding the fees and tariffs associated with the MyCard Clear Credit Card is crucial for effective financial planning. Here’s a breakdown of the key fees:

• Annual Fee: $149 p.a.
• Balance Transfer Rate: 0% p.a. for 24 months, with a 3% balance transfer fee. Reverts to 22.24% p.a. after the promotional period.
• Balance Transfer Alternative: 5.99% p.a. for 36 months.
• Purchase Rate: 14.99% p.a.
• Cash Advance Rate: 22.24% p.a.
• Interest-Free Period: Up to 44 days on purchases (if no balance transfer is active).
• Foreign Transaction Fee: 3.5% on overseas purchases.
• Late Payment Fee: $30.
• Credit Limit: $2,000 to $100,000.

Fees and rates correct as at 26 August 2026; MyCard has advised changes from 1 October 2026.

Customer Service

Support for this card sits with National Australia Bank Limited (NAB) following the move to the MyCard brand. Current contact channels, account management and card activation details are published on the official MyCard website at mycard.com.au.

Conclusion

The MyCard Clear Credit Card is designed to provide a balanced approach to debt management and everyday spending.

Its generous balance transfer offer and low ongoing purchase rate make it an attractive choice for consumers looking to optimize their financial strategies.

However, it is essential to be aware of the terms and conditions, especially regarding interest rates and fees, to make the most informed decision.

In summary, whether you are consolidating debt or managing regular expenses, the MyCard Clear Credit Card provides competitive rates, ensuring that your financial needs are met with flexibility and ease.

As with any credit product, careful consideration and planning are key to maximizing its benefits while minimizing costs.