IMB Credit Cards

IMB has a history dating back to 1880, when it was established as a building society in the Illawarra region of NSW. It now has branches across Sydney, the NSW South Coast, the ACT and Melbourne, as well as digital banking options.

It previously offered a low interest credit card and a platinum rewards credit card, issued by Card Services. But as of September 2023, these cards are not available for new applications. If you are a customer, you can contact Card Services on 1300 135 538. You can also view the previous details for IMB credit cards here, or compare a range of credit cards currently on the market in Australia.

Compare credit cards currently available in Australia

Name	Purchase rate p.a.	Annual fee	Balance transfer rate p.a.	Amount Saved
Kogan Money Card – Exclusive Offer ExclusiveKogan Rewards Program	Purchase rate p.a. 20.99%	Annual fee $0	Balance transfer rate p.a. 0% for 18 months with 1% balance transfer fee, then 21.74%	Amount Saved $1,335.99 over 18 months	Go to siteMore Info Compare	0% Balance Transfer Offer Get 0% p.a. on balance transfers for 18 months with a 1% balance transfer fee. Plus an ongoing $0 annual fee. Ends 30 November 2023.
Bankwest Breeze Classic Mastercard	Purchase rate p.a. 0% for 12 months, then 12.99%	Annual fee $49	Balance transfer rate p.a. 0% for 12 months with 2% balance transfer fee, then 12.99%	Amount Saved $878.32 over 12 months	Go to siteMore Info Compare	0% Interest Offers Save with 0% p.a. on purchases and balance transfers for 12 months (with a 2% BT fee).
Coles No Annual Fee Mastercard Flybuys	Purchase rate p.a. 0% for 6 months, then 19.99%	Annual fee $0	Balance transfer rate p.a. 19.99%		Go to siteMore Info Compare	20,000 Bonus Flybuys Points Get 20,000 bonus Flybuys points (worth $100 Flybuys Dollars) and 0% interest on purchases for the first 6 months.
Westpac Low Rate Card	Purchase rate p.a. 13.74%	Annual fee $59	Balance transfer rate p.a. 0% for 28 months, then 21.49%	Amount Saved $1,768.59 over 28 months	Go to siteMore Info Compare	0% Balance Transfer Offer Save with a 0% p.a. interest rate on balance transfers for 28 months. Plus, a low 13.74% p.a. purchase interest rate.
Bankwest Breeze Platinum Mastercard	Purchase rate p.a. 0% for 12 months, then 12.99%	Annual fee $69	Balance transfer rate p.a. 0% for 12 months with 2% balance transfer fee, then 12.99%	Amount Saved $858.32 over 12 months	Go to siteMore Info Compare	0% Interest Offers Get 0% p.a. interest on purchases and balance transfers for 12 months (with a 2% BT fee). Plus 0% foreign fees and complimentary overseas travel insurance.
Latitude 28° Global Platinum Mastercard	Purchase rate p.a. 26.99%	Annual fee $0	Balance transfer rate p.a.		Go to siteMore Info Compare	0% Foreign Currency Conversion Fees Save with 0% international transaction fees on purchases. Plus, complimentary Flight Delay Pass and global data roaming.
American Express Qantas Business Rewards Card Qantas Business Rewards	Purchase rate p.a. 0%	Annual fee $450	Balance transfer rate p.a.		Go to siteMore Info Compare	100,000 Bonus Qantas Points Offer ABN holders w/ $75k revenue. Earn 100,000 bonus Qantas Points when you spend $3,000 in the first 2 months.
American Express Velocity Business Card Velocity Frequent Flyer	Purchase rate p.a. 0%	Annual fee $249	Balance transfer rate p.a.		Go to siteMore Info Compare	100,000 bonus Velocity Points ABN holders w/ $75,000 revenue. Get 100,000 bonus Velocity Points when you spend $3,000 in the first 2 months.
Qantas American Express Ultimate Card Qantas Frequent Flyer	Purchase rate p.a. 23.99%	Annual fee $450	Balance transfer rate p.a.		Go to siteMore Info Compare	60,000 bonus Qantas Points Get 60,000 bonus Qantas Points when you spend $3,000 in the first 3 months. Plus, a yearly $450 Travel Credit.
American Express Business Explorer Credit Card Membership Rewards Gateway	Purchase rate p.a. 23.99%	Annual fee $149	Balance transfer rate p.a.		Go to siteMore Info Compare	75,000 Bonus Points Offer ABN holders w/ $75,000 revenue. Get 75,000 bonus points when you spend $3,000 in the first 3 months.
American Express Explorer Credit Card Membership Rewards	Purchase rate p.a. 23.99%	Annual fee $395	Balance transfer rate p.a.		Go to siteMore Info Compare	50,000 Bonus Membership Rewards Points Get 50,000 bonus Membership Rewards Points when you spend $4,000 in the first 3 months.
American Express Platinum Business Card Membership Rewards Ascent Premium	Purchase rate p.a. 0%	Annual fee $1,750	Balance transfer rate p.a.		Go to siteMore Info Compare	200,000 Bonus Points ABN holders w/ $75,000 revenue. Get 200,000 bonus Membership Rewards points when you spend $8,000 in the first 3 months.
Qantas American Express Discovery Card Qantas Frequent Flyer	Purchase rate p.a. 23.99%	Annual fee $0	Balance transfer rate p.a.		Go to siteMore Info Compare	$0 annual fee Earn uncapped Qantas Points for every $1 dollar spent, plus an ongoing $0 annual fee.
Westpac Altitude Black Westpac Altitude Rewards	Purchase rate p.a. 19.99%	Annual fee $150 first year ($295 after)	Balance transfer rate p.a.		Go to siteMore Info Compare	Up to 150,000 Bonus Points Earn up to 150,000 bonus Altitude Rewards Points (100k when you spend $6,000 in the first 120 days and 50k in year 2).

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IMB credit cards update - September 2023: IMB credit cards are not available for new applications. If you are a customer, you can contact Card Services on 1300 135 538 or visit an IMB branch. We have kept the previous details for IMP credit cards here for existing customers and anyone else who is interested.

Types of credit cards from IMB

• Low rate credit cards

The IMB Low Rate Mastercard has a 12.99% p.a. interest rate for purchases, which is similar to other low rate credit cards. It also offers interest-free days on purchases when you pay your balance in full by the due date on each statement, as well as complimentary purchase insurance cover and a guaranteed pricing scheme for eligible purchases. Outside of any promotions, it has a $75 annual fee that's on par with other, similar cards.

• Platinum credit cards

The IMB Platinum Rewards Mastercard earns 1 rewards point per $1 on eligible spending, which you can redeem for gift cards, frequent flyer point transfers and other rewards through the Card Services Rewards Program.

Other perks include complimentary international travel insurance, interstate flight inconvenience insurance when you're flying in Australia and a platinum concierge service. It has a $129 p.a. annual fee, which could be waived if you also have an IMB home loan.

Benefits you can get with an IMB credit card

• Complimentary insurances

Both IMB credit cards offer complimentary purchase cover insurance and a guaranteed pricing scheme for eligible items you buy. The IMB Platinum Rewards Mastercard also includes complimentary international travel insurance and interstate flight inconvenience insurance.

• Discounted and waived annual fees

The Low Rate Mastercard comes with a discounted first-year annual fee of $37. If you are a home loan customer, you can also enquire in-branch about the no fee credit card offer if you have the Platinum Rewards Mastercard.

• Security

IMB credit cards offer 24/7 fraud monitoring through Fraudshield. Mastercard Zero Liability protection also helps keep your money safe if your card is used for fraud or unauthorised transactions.

• Banking

IMB offers internet and a mobile app. You can also call 133 462 to bank over the phone, or visit one if its branches – with a search tool on its website.

• Mastercard benefits and offers

IMB credit cards can be used anywhere Mastercard is accepted, including for contactless payments. You also get access to exclusive shopping, dining, travel and experience offers through Mastercard Priceless.

Applying for an IMB credit card

You can apply for an IMB credit card online in around 15 minutes. Before you apply, make sure you meet the following eligibility criteria and have all the documents and details you'll need to complete the application.

Eligibility criteria

• Age. You must be at least 18 years of age.
• Australian residency. You must be an Australian citizen or a permanent resident of Australia.
• Minimum income. To apply for the IMB Low Rate Mastercard, you need a minimum income of per year. For the IMB Platinum Rewards Mastercard, you need a minimum income of to apply.

Documents and details

• Personal. This includes your name, date of birth, residential address and contact information. You also need a valid form of ID, such as your Australian driver's licence or Medicare card details.
• Employment. This includes your occupation, employer’s name and employer’s contact details.
• Income and expenses. This covers your regular income and other assets, such as savings or investments. It also covers expenses including rent or mortgage payments, groceries, bills and other essentials – as well as existing loans, credit cards, store cards and other debts.

Once you submit your application, you'll receive confirmation and details of the next steps. IMB credit cards are issued by Card Services, so if you have any questions or want to follow up on your application, you can call Card Services on 1300 135 538 or IMB on 133 462.

Credit card brands similar to IMB

If you're looking for a credit card options similar to what is on offer from IMB, you can consider the following brands:

• Bank Australia credit cards
• Great Southern Bank credit cards
• Heritage Bank credit cards

Contact details and related links

• IMB customer service: 133 462
• IMB savings and bank accounts
• IMB home loans

Frequently asked questions

• Is there is limit on balance transfers?

  Yes, you can only get a balance transfer for up to 80% of your approved credit card’s limit.

• Can I get an additional card?

  If you want to share your account with someone, you can request up to 4 additional cards, with no additional cardholder fee. The additional cardholder must be over 16 years of age and complete an ID checl.

• What spending is eligible to earn points per $1 on IMB Platinum Rewards Mastercard?

  Eligible spending covers most everyday transactions, such as supermarket shopping, petrol, dining out and travel bookings. Transactions that don't earn points include cash advances, balance transfers, BPAY payments and government spending.

Image: IMB