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 May 27th, 2017.

IMB Low Rate Mastercard

Balance transfer and annual fee offer has been extended until 31 January 2016

July 7th, 2015

IMB Low Rate Mastercard

Balance transfer period changed from 9 to 12 months, and is valid until 31 July 2017.

February 2nd, 2017

IMB Platinum Rewards Mastercard

New bonus points offer of 20,000 upon sign-up which is valid until 31 July 2017.

February 2nd, 2017

View latest updates

Jonathan Choi Jonathan
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
IMB Platinum Rewards Mastercard
Earn 1.00 rewards points per $1 spent and enjoy a long-term introductory balance transfer rate combined with platinum card benefits.
20.24% p.a. 0% p.a. for 14 months $99 p.a. annual fee for the first year ($179 p.a. thereafter) More info
IMB Low Rate Mastercard
Low rate card with balance transfer offer and low annual fee.
12.99% p.a. 0% p.a. for 12 months $49 p.a. More info

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.

Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate (p.a.) Product Description
IMB Low Rate Mastercard
12.99% p.a.
Up to 55 days on purchases
$49 p.a.
0% p.a. for 12 months
Low rate card with balance transfer offer and low annual fee.

Compare up to 4 providers

Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate (p.a.) Product Description
HSBC Low Rate Credit Card
13.25% p.a.
Up to 55 days on purchases
$55 p.a.
0% p.a. for 15 months with 2% balance transfer fee
Save with 13.25% p.a. on purchases. Also enjoy exclusive offers with the home&Away Privilege Program.
St.George Vertigo Visa
13.24% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 14 months
Save with 13.24% p.a. on purchases. Also enjoy up to 55 days interest-free.
St.George Vertigo Platinum
12.74% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 20 months
Save with 12.74% p.a. on purchases. Also enjoy Visa Platinum Concierge service.
Westpac Low Rate Card - Online Only Balance Transfer Offer
13.49% p.a.
Up to 55 days on purchases
$59 p.a.
0% p.a. for 24 months with 2% balance transfer fee
A low interest rate on everyday purchases and a long term balance transfer rate offer of 0% for 24 months.
Bendigo Bank Basic Black Credit Card
12.24% p.a.
Up to 44 days on purchases
$45 p.a.
A basic credit card that features low interest rates, low annual fee and up to 44 interest-free days on purchases.
ANZ Low Rate Platinum
11.49% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 16 months with 2% balance transfer fee
Enjoy platinum benefits with exclusive discounts, complimentary travel insurance and personal concierge. Also repay your credit card debt interest-free with 0% p.a. for 16 months on balance transfers.
NAB Low Rate Platinum Card
13.99% p.a.
Up to 55 days on purchases
$100 p.a.
0% p.a. for 18 months with 3% balance transfer fee
Save with 13.99% p.a. on purchases. Also enjoy access to 7 complimentary insurances.
ANZ Low Rate
12.49% p.a.
Up to 55 days on purchases
$58 p.a.
0% p.a. for 16 months with 2% balance transfer fee
Take advantage of 0% p.a. for 16 months on balance transfers and a low ongoing interest rate on purchases.
Coles Low Rate Mastercard
12.99% p.a.
Up to 62 days on purchases
$49 p.a.
0% p.a. for 6 months
Receive $100 off a single Coles Supermarket shop If you apply, are approved by 30 June 2017 and make a purchase within the first 30 days.
Bank of Melbourne Vertigo Platinum
12.74% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 20 months
Save with 12.74% p.a. on purchases. Also enjoy up to 55 days interest-free.
NAB Low Rate Credit Card
13.99% p.a.
Up to 55 days on purchases
$59 p.a.
0% p.a. for 18 months with 3% balance transfer fee
Save with 13.99% p.a. on purchases. Also enjoy special offers from Visa Entertainment.
American Express Essential®  Credit Card
14.99% p.a.
Up to 55 days on purchases
$0 p.a.
0% p.a. for 12 months with 1% balance transfer fee
A no annual fee card that collects up to 1 Membership Rewards point for every $1 spent.
Virgin Money Low Rate Credit Card
11.99% p.a.
Up to 44 days on purchases
$99 p.a.
0% p.a. for 12 months
Save with 11.99% p.a. on purchases. Also enjoy the protection of Fraudshield.
Westpac Low Rate Card
0% p.a. for 6 months (reverts to 13.49% p.a.)
Up to 55 days on purchases
$59 p.a.
0% p.a. for 12 months
A simple low interest rate card featuring a low ongoing rate on purchases, up to 55 days interest-free on purchases and a low annual fee.
Heritage Bank Gold Low Rate Credit Card
11.80% p.a.
0 interest free days
$0 p.a.
0% p.a. for 12 months
Save with 11.8% p.a. on purchases. Also enjoy $0 annual fee.
BankSA Vertigo Visa
13.24% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 14 months
Enjoy a low balance transfer offer of 0% p.a. for 14 months and a low ongoing purchase rate from BankSA.

Compare up to 4 providers

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.

Rates last updated May 27th, 2017
Points per $ spent Complimentary Travel Insurance Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
IMB Platinum Rewards Mastercard
Earn 1.00 rewards points per $1 spent and enjoy a long-term introductory balance transfer rate combined with platinum card benefits.
1 Yes 20.24% p.a. 0% p.a. for 14 months $99 p.a. annual fee for the first year ($179 p.a. thereafter) More info
Rates last updated May 27th, 2017
Points per $ spent Complimentary Travel Insurance Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
NAB Rewards Platinum Card
Earn double points on purchases made in major department and hardware stores and receive complimentary travel and purchase insurance.
1 Yes 19.99% p.a. 4.99% p.a. for 6 months $0 p.a. annual fee for the first year ($195 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Take advantage of a 0% p.a. for 22 months on balance transfers offer with a 2% p.a. balance transfer fee.
VISA/MC: 1 AMEX: 0 Yes 19.99% p.a. 0% p.a. for 22 months with 2% balance transfer fee $99 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Exclusive Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent on eligible transactions within the first 3 months.
VISA/MC: 0.66 AMEX: 0 No 20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
Citi Rewards Platinum Credit Card
Enjoy a long-term balance transfer offer of 0% p.a. for 24 months with a 1.5% p.a. balance transfer fee.
VISA/MC: 1 AMEX: 0 Yes 20.99% p.a. 0% p.a. for 24 months with 1.5% balance transfer fee $49 p.a. annual fee for the first year ($149 p.a. thereafter) Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
VISA/MC: 0 AMEX: 0 Yes 0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
NAB Premium Card
Platinum credit card benefits including higher credit limits and travel insurance, plus a low interest rate on balance transfers.
VISA/MC: 0 AMEX: 0 Yes 19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 p.a. Go to site More info
Qantas American Express Ultimate Card
Receive platinum benefits including complimentary insurance covers, airport lounge passes, and a complimentary return flight each year.
1.5 Yes 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $450 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Enjoy complimentary membership to the Qantas Frequent Flyer program and international travel insurance.
VISA/MC: 1 AMEX: 0 Yes 19.99% p.a. $199 p.a. Go to site More info
American Express Explorer® Credit Card
Get a $400 travel voucher every year, complimentary airline lounge passes and several travel insurances.
2 Yes 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $395 p.a. Go to site More info
St.George Vertigo Platinum
Take advantage of a 0% p.a. for 20 months on balance transfers offer with no balance transfer fee.
VISA/MC: 0 AMEX: 0 Yes 12.74% p.a. 0% p.a. for 20 months $99 p.a. Go to site More info
ANZ Frequent Flyer Platinum
Receive a complimentary Qantas Frequent Flyer membership and a range of included insurance covers.
0.75 Yes 19.99% p.a. $0 p.a. annual fee for the first year ($295 p.a. thereafter) Go to site More info
Citi Simplicity Card
Receive 10% cash back on all eligible purchases, capped at $50 per month for 4 months from card approval.
VISA/MC: 0 AMEX: 0 No 19.99% p.a. 0% p.a. for 6 months $0 p.a. Go to site More info
28 Degrees Platinum Mastercard
Benefit from no international transaction fees on purchases, no currency conversion fees and up to 55 days interest-free on purchases.
No 21.99% p.a. 4.99% p.a. for 6 months $0 p.a. Go to site More info
ANZ Low Rate Platinum
Enjoy platinum benefits with exclusive discounts, complimentary travel insurance and a 24/7 personal concierge.
Yes 11.49% p.a. 0% p.a. for 16 months with 2% balance transfer fee $99 p.a. Go to site More info
NAB Low Rate Platinum Card
Take advantage of a 0% p.a. for 18 months on balance transfers offer with a 3% p.a. balance transfer fee.
Yes 13.99% p.a. 0% p.a. for 18 months with 3% balance transfer fee $100 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Receive a $129 Virgin Australia Gift Voucher each year and complimentary insurance with this long-term 0% p.a. interest offer.
VISA/MC: 0.66 AMEX: 0 No 0% p.a. for 12 months (reverts to 20.74% p.a.) 0% p.a. for 6 months $129 p.a. Go to site More info
ANZ Rewards Travel Adventures card
No overseas transaction fee on purchases, plus a complimentary domestic return flight each year when you meet the eligibility criteria.
1.5 Yes 20.24% p.a. $225 p.a. Go to site More info
ANZ Rewards Platinum
Enjoy accelerated points earning and great platinum features including complimentary travel insurance and purchase protection.
1.5 Yes 18.79% p.a. $0 p.a. annual fee for the first year ($95 p.a. thereafter) Go to site More info
Heritage Bank Platinum Credit Card
Take advantage of 0% p.a. for 12 months on balance transfers. Plus, receive complimentary insurance when you travel.
Yes 16.75% p.a. 0% p.a. for 12 months $125 p.a. Go to site More info
Westpac 55 Day Platinum Credit Card
Take advantage of a 0% p.a. for 12 months on balance transfers offer, plus up to 55 days interest-free on purchases.
VISA/MC: 0 AMEX: 0 Yes 0% p.a. for 6 months (reverts to 19.84% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($90 p.a. thereafter) Go to site More info
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.

The application takes around 10 to 15 minutes to complete, but it requires that you have access to different types of information.

Once you complete your online application you get an Application ID. You can use this ID to check your application’s status online or over the phone.

It can take up to three weeks for your application to process.

You can use a transaction or savings account to set up direct debits, and this way you don’t have to remember making your repayments each month. You can make over-the-counter payments at IMB branches and you can mail in cheques.

Yes, you cannot transfers balances exceeding 80% of your credit card’s limit.

You should provide all relevant details during the application process.

Your initial credit limit is subject to multiple factors. The maximum credit limits of the low rate card and the platinum card are $15,000 and $30,000, respectively. While you can request for an increase in your card’s limit you have to meet certain criteria to qualify.

You can get up to four additional cards for free, and you can apply for one online, over the phone, or by visiting an IMB branch. The additional cardholder should be over 16 years of age and must fulfill required identity verification requirements.

If you submit your application online you give consent to receive your statements and all other documents electronically. Once you open your account you can change these preferences at any time. You receive a statement each month.

You earn reward points when you use your platinum card to make eligible purchases, where every dollar spent earns 1 reward points. You don’t earn reward points on the following:

  • Cash advances
  • Balance transfers
  • Refunded purchase
  • Special promotions
  • Interest, bank fees, and charges

You can redeem your reward points by visiting the Card Services website or by calling Card Services on 1300 135 538.

You can book flight tickets through Take Flight, or you can transfer your reward points to a frequent flyer program. You can use your reward points in the form of cashback, to pay your card’s annual fee or to reduce your account’s balance. You also get a plethora of travel and store vouchers from which to choose.

While you and the first additional cardholder have automatic access when it comes to redeeming your reward points, you can grant this access to other cardholders as well.

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Read more on this topic

American Express Velocity Platinum Card
American Express Velocity Platinum Card

Interest rate

20.74

Annual fee

375
ANZ Platinum Credit Card - Exclusive Offer
ANZ Platinum Credit Card - Exclusive Offer

Interest rate

19.74

Annual fee

87
St.George Vertigo Platinum
St.George Vertigo Platinum

Interest rate

12.74

Annual fee

99

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4 Responses to IMB Credit Cards

  1. Default Gravatar
    cherilee | June 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
      Shirley | June 20, 2014

      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.

      Cheers,
      Shirley

  2. Default Gravatar
    Anthony | October 11, 2013

    Can I access my statement online?

    • Staff
      Jacob | October 14, 2013

      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 May 27th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Exclusive Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent within the first 3 months, plus a $129 Virgin Australia Gift Voucher each year.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Earn 1 Reward Point per $1 spent and receive an annual fee refund with minimum spend.
19.99% p.a. 0% p.a. for 22 months with 2% balance transfer fee $99 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
NAB Premium Card
An introductory rate of 0% p.a. for 24 months on balance transfers combined with premium benefits such as travel insurance covers.
19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au 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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