IMB Credit Cards

Compare IMB credit cards, assessing features, benefits, rates, and fees, to make an informed decision before applying.

By   |   Updated 5 Mar 2024

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Comparing IMB credit cards

IMB Low Rate Mastercard

On website

Highlights

  • Take advantage of 0% for 12 months on balance transfers with no balance transfer fee. Reverts to the cash advance rate of 21.74% p.a.
  • Benefit from a discounted annual fee of $37 in the first year (reverting to $75 p.a. thereafter).
  • Enjoy a low retail purchase interest rate of 12.99% p.a.

Pros

  • Get a discounted annual fee of $37 for the first year.
  • Low interest rate on purchases.
  • 0% balance transfer for 12 months.
  • Includes complimentary purchase Cover Insurance and Guaranteed Pricing Scheme.

Cons

  • Balance transfer revert rate is at 21.74% p.a.

IMB Platinum Mastercard

On website

Highlights

  • Experience 0% for 24 months on Balance Transfers with a 0% balance transfer fee. Reverts to the cash advance rate of 21.74% p.a.
  • Receive 20,000 rewards points when you spend $3,000 or more on eligible purchases within 3 months of approval.
  • Earn 1 reward point for every $1 spent on Eligible Transactions.

Pros

  • Enjoy 0% for 24 months on Balance Transfers with a 0% balance transfer fee.
  • Receive 20,000 bonus reward points when you meet the criteria.
  • Includes complimentary International Travel Insurance, Interstate Flight Inconvenience Insurance, Purchase Cover Insurance, and Guaranteed Pricing Scheme.

Cons

  • The ongoing annual fee of $129 p.a.
  • Ongoing rates on purchases are average.

IMB Bank, established in 1880, is one of Australia's enduring financial institutions, assisting people in achieving their financial goals. With a focus on community values and customer satisfaction, IMB Bank offers a range of financial products and services, including credit cards.

IMB Credit Card Options

IMB Bank provides a variety of credit card options to cater to different financial requirements and lifestyles. Here are some of the key IMB credit cards:

IMB Low Rate Mastercard

  • Features:
    • Competitive interest rates
    • Low annual fees
  • Benefits:
    • Ideal for individuals looking to save on interest charges
    • Suitable for those who carry a balance on their credit cards

IMB Platinum Rewards Mastercard

  • Features:
    • Rewards program
    • Additional perks such as complimentary insurance
  • Benefits:
    • Earn rewards on your everyday spending
    • Access to premium features and services

IMB Balance Transfer Credit Card

  • Features:
    • Introductory offers on balance transfers
    • Potential savings on interest payments
  • Benefits:
    • Consolidate your debts
    • Manage your repayments more effectively

Why Choose IMB Credit Cards

When selecting a credit card, there are several reasons why IMB credit cards stand out:

  • Competitive Rates: IMB offers competitive interest rates, making their credit cards cost-effective for users.
  • Reward Programs: With IMB credit cards, you can earn rewards on your purchases, providing additional benefits.
  • Customer Service: IMB Bank is known for its excellent customer service, ensuring that you receive support whenever you need it.
  • Community Focus: By choosing IMB, you are supporting a financial institution that values community initiatives and giving back.

How to Apply for an IMB Credit Card

Applying for an IMB credit card is a straightforward process. You can visit the official IMB Bank website or one of their branches to apply. Here are the general steps involved in the application process:

  1. Check Eligibility: Make sure you meet the eligibility criteria for the specific credit card you wish to apply for.
  2. Gather Documents: Prepare the necessary documents, such as proof of income and identification.
  3. Fill Out Application: Complete the credit card application form either online or in person.
  4. Submit Application: Submit your application along with the required documents for assessment.
  5. Wait for Approval: IMB Bank will review your application, and upon approval, you will receive your new credit card.

Help choosing an IMB credit card

Unlock tailored assistance in selecting the perfect IMB credit card, designed to match your individual financial goals and lifestyle preferences.

  • FAQs

How can I manage my IMB credit card account online?

To manage your IMB credit card account online, you can log in to your IMB Bank online banking portal. From there, you can view your balance, make payments, monitor transactions, and access other account management features.

What should I do if my IMB credit card is lost or stolen?

If your IMB credit card is lost or stolen, it is important to contact IMB Bank immediately to report the issue. You can reach their customer service team at the provided contact numbers, and they will assist you in blocking the card and arranging for a replacement.

Can I increase my credit limit on my IMB credit card?

Yes, you can request an increase in your credit limit on your IMB credit card. You will need to contact IMB Bank and discuss your requirements with them. They will assess your financial situation to determine whether an increase is suitable for you.

How can I earn rewards with my IMB Platinum Rewards Mastercard?

You can earn rewards with your IMB Platinum Rewards Mastercard by using the card for your everyday purchases. For every dollar spent, you will accumulate reward points, which can later be redeemed for a variety of options, such as gift cards, travel vouchers, or merchandise.

What are the fees associated with IMB credit cards?

IMB credit cards may have fees such as annual fees, late payment fees, cash advance fees, and foreign transaction fees. It is essential to review the specific fee structure of your chosen IMB credit card to understand all associated costs.