IMB Credit Cards

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Turning to IMB for a credit card presents you with two Mastercard alternatives. Do you want a low rate card or a platinum card?

IMB began operations in 1880, and is New South Wales’ longest standing Building Society. With more than 180,000 members and over $4.7 billion in assets, this financial institution offers its members a range of services and products, which include transaction and savings accounts, term deposits, personal and business lending, business banking, insurance solutions, and financial planning advice.

It has a growing network of branches spread across Sydney, Illawarra, NSW South Coast, ACT, and Melbourne; an extensive ATM network; and a widespread mobile lending team.

Comparison of IMB Credit Union Credit Cards

Rates last updated January 23rd, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
IMB Platinum Rewards Mastercard
20.24% p.a.
0% p.a. for 14 months
$99 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn 1 rewards point per $1 spent and enjoy complimentary travel, extended warranty and purchase protection insurances.
IMB Low Rate Mastercard
12.99% p.a.
0% p.a. for 12 months
$49 p.a.
Enjoy up to 55 days interest-free on retail purchases and receive complimentary purchase cover insurance and guaranteed pricing scheme.

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Types of credit cards that IMB offers

IMB, through its Mastercard offerings, gives you the ability to choose between a credit card that offers a low ongoing interest rate and one that offers rewards.

  • Low rate credit cards

If paying your credit card balance in full each month is not your cup of tea, you can save in the form of interest by getting a low rate card. The IMB Low Rate Mastercard enables you to transfer balances from existing credit cards, and if you do you can avail of an introductory rate for the first nine months. If you pay your balances in full each month you can get up to 55 interest-free days on purchases.
Learn more about low rate credit cards

  • Platinum credit cards

If you’re looking for a credit card with a whole bunch of extras you can consider getting a platinum card. The IMB Platinum Mastercard comes linked to the Card Services Rewards Program, it offers 24/7 access to a platinum concierge service, and it comes with a number of free insurance covers. Cardholders can avail of a special introductory interest rate on purchases and balance transfers for the first months. This card can give you up to 55 interest-free days on purchases.

Learn more about platinum credit cards

Benefits of getting an IMB credit card

Given the Mastercard connection, you can use both IMB credit cards just about anywhere in the world, with IMB Mastercard Online you can track all your transactions using the internet, and you can look forward to other benefits as well.

  • Discounted annual fee

If you apply for either the low rate or the platinum card before a given date you get to keep paying a discounted annual fee for the life of your card.

  • Wide ATM network

As an IMB member you can use all St. George, Westpac, BankSA, and Bank of Melbourne ATMs without paying any direct charge fees. This gives you access to over 3,000 direct charge fee free ATMs across Australia.

  • Free insurance covers

Low rate and platinum cardholders receive protection through guaranteed pricing scheme and purchase cover insurance. As a platinum cardholder you also get interstate flight inconvenience insurance and international travel insurance for free.

  • Platinum concierge service

Platinum cardholders receive 24/7 access to a platinum concierge service that assists them globally. This service can help you make travel plans, find restaurants, book tickets to events, and buy gifts.It can assist you in various other ways as well.

  • Mastercard benefits

Both these cards make use of microchip technology, which offers considerably more protection when compared to cards that rely on magnetic strips. PayPass technology allows you to use these cards to make contactless payments for purchases under $100.

Applying for an IMB credit card

You can visit any IMB branch to apply for an IMB credit card and you can also initiate the process over the phone. If you want to apply online simply click on the ‘Go to Site’ button next to the card you choose.

Eligibility criteria

  • You’re over 18 years old.
  • You’re a permanent resident of Australia.
  • You don’t have bad credit history.
  • You have to earn at least $25,000 p.a. to apply for the low rate card, and at least $35,000 p.a. to apply for the platinum card.

Required documents

  • Personal. This includes your name, date of birth, nationality, marital status, number of people dependent on your income, mother’s maiden name, and name and phone number of a friend or relative who does not reside with you.
  • Contact. This section requires your residential address, how long you’ve lived there, residential status, phone number, and email address.
  • Job. You have to mention your occupation, industry, employer’s name, and employer’s contact details.
  • Income and expenses. You have to mention how much you earn, annually or monthly, and this includes income from all sources. Expenses comprise monthly living expenses as well as other recurring expenses. You also have to provide details about existing loans, credit cards, store cards, and other debts.

What happens after you apply

A Card Services representative might contact you for additional information. Card Services makes an employment and income verification call to your employer, and if you payroll department knows of this call in advance it can help speed things along. If you’re new with IMB you’ll have to complete a legally required identity verification process, for which a trip to an IMB branch might be in order.

Frequently asked questions

If you have a question about IMB credit cards you might find the answer here, and if you don’t you can use the form at the end of the page to leave one behind.

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4 Responses

  1. Default Gravatar
    cherileeJune 20, 2014

    Good day i just start work at a new call centre in durban in south africa. And this company called phenomenon with simply talk sa is selling the same IMB mastercard debit card. Are u aware that they say that IMB is back up by standard bank card division? I went to my local standard bank and they have not heard of IMB. so i don’t know if the company is a scam or not. Please find out if south africa is offering IMB? thanks

    • Staff
      ShirleyJune 20, 2014Staff

      Hi Cherilee,

      Thanks for your question.

      IMB is a building society in Australia, it’s very unlikely that they will be offering products in South Africa.


  2. Default Gravatar
    AnthonyOctober 11, 2013

    Can I access my statement online?

    • Staff
      JacobOctober 14, 2013Staff

      Hi Anthony.

      IMB offer online banking services. You can use IMB Internet Banking to receive your credit card statements online. You will need to register for Internet Banking before you can receive online statements.

      Thanks for your question.

Credit Cards Comparison

Rates last updated January 23rd, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
Exclusive to, enjoy a no BT fee, 0% balance transfer offer for 25 months and seven complimentary insurance covers.
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you meet the offer criteria, a 0% p.a. for 14 month balance transfer offer and a $0 first year annual fee.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

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* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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