IMB Platinum Mastercard | Review Details & Compare

IMB Platinum Mastercard

What do you want this card for?
Save money
Earn points
Offer
Card features
balance transfer
purchase rate
annual fee
Apply
IMB Platinum Mastercard
Apply by 31 jul 19
IMB Platinum Mastercard
0% p.a. on balance transfers for 14 months.
Earn 20,000 reward points when you spend $3,000 in the first 3 months.
Reduced annual fee of $99 p.a. for the first year.
Add to comparison
14 months
0% p.a.
then 21.74%
with a 0% fee
20.24% p.a.
ongoing
$99
1st year
then $129

Pros & cons

What's good?

What's not so good?

0% p.a. on balance transfers for 14 months.
Earn 1 reward points for every $1 you spend.
Earn 20,000 reward points when you spend $3,000 in the first 3 months.
Reduced annual fee of $99 p.a. for the first year. Reverts to $129 p.a. in the second year.
Complimentary International Travel Insurance, Interstate Flight Inconvenience Insurance, Purchase Cover Insurance, and Guaranteed Pricing Scheme.
24/7 platinum concierge service.
21.74% p.a. cash advance rate.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

The basics

About this card

Card setup
Single
Card tier
Platinum
Card type
MasterCard
Card use
Personal
Credit rating
Good
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$35,000
Minimum income for pensioners
N/A
Pensioners
N/A
Rewards program
Card Services Rewards
Temporary residents
N/A

Cardholders

Additional cardholders
4
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$6,000
Maximum credit limit
$30,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
3%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.14 months0%80% of credit limit21.74% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
80% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the IMB Platinum Mastercard at the promotional balance transfer rate from:

  • Bank of Queensland
  • Citi
  • Citi Rewards
  • IMB
  • Suncorp

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.14 months0%80% of credit limit 21.74% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.81% 21.74% p.a.
Purchases 1.69% 20.24% p.a.

Fees

Annual fee
$99 p.a.
Annual fee 2nd year
$129 p.a.
Cash advance fee
3.50%
Dishonour fee
$15
Duplicate statement fee
$0
Foreign exchange fee
3.4%
Late payment fee
$30
Over limit fee
$40
Overseas ATM balance fee
$5
Overseas ATM withdrawal fee
$5
Overseas emergency card replacement fee
$0
Transaction verification fee
N/A

Rewards & points

Rewards program basics

First purchase bonus
20,000 points
Reward points expiry
N/A
Rewards program
Card Services Rewards
Spend required for bonus points
$3,000 in 3 months

Earning points with this card

Frequent flyer points
N/A
Overseas earn rate
Same as standard earn rate
Points cap per month
N/A
Points cap per year
N/A
Points earned on ATO payments
N/A
Reward points
1 pt per $1 spent

Additional benefits

Airport lounge access
N/A
Complimentary flight voucher
No
Concierge service
Yes

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $35,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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