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 December 9th, 2016.

IMB Low Rate MasterCard

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

July 7th, 2015

IMB Platinum MasterCard

Balance transfer offer is now to 0% for 14 months and has been extended to 31 January 2017

January 25th, 2016

IMB Low Rate MasterCard

Balance transfer and annual fee offer has been extended until 31 January 2017

January 25th, 2016

View latest updates

Jonathan Choi Jonathan
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
IMB Platinum MasterCard
Earn 1.25 rewards points per $1 spent and receive platinum card benefits.
20.24% p.a. 0% p.a. for 14 months $179 p.a. 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 9 months $75 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.

Rates last updated December 9th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
ANZ Low Rate Platinum Credit Card
$250 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 13.49% p.a.) $99 p.a. Up to 55 days on purchases Go to site More info
NAB Low Fee Card
Enjoy a low introductory rate of 0% p.a. on balance transfers and purchases for 15 months.
0% p.a. for 15 months (reverts to 19.74% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $30 p.a. Up to 44 days on purchases Go to site More info
ME Bank frank Credit Card
A low interest rate on purchases and cash advances with no annual fee charge.
11.99% p.a. $0 p.a. Up to 55 days on purchases Go to site More info
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Up to 55 days on purchases Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Up to 55 days on purchases Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Up to 55 days on purchases Go to site More info
Westpac Low Rate Card
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.
1% p.a. for 12 months (reverts to 13.49% p.a.) 0% p.a. for 16 months $59 p.a. Up to 55 days on purchases Go to site More info
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 18 months and an introductory purchase offer of 1% p.a. for 12 months with an annual fee waiver for the first year.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Up to 55 days on purchases Go to site More info
Coles Low Rate MasterCard
A low rate MasterCard with a competitive rate on purchases and a low annual fee.
12.99% p.a. 0% p.a. for 6 months $49 p.a. Up to 62 days on purchases Go to site More info
Bank of Melbourne Vertigo Visa Credit Card
Enjoy a low annual fee combined with 0% p.a. balance transfer offer for 18 months and 1% p.a. for up to 12 months on purchases.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Up to 55 days on purchases Go to site More info
Bank of Melbourne Vertigo Platinum
A platinum card with a low balance transfer offer of 0% p.a. interest for 18 months and 1% p.a. for 12 months on purchases combined with complimentary insurance covers.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Up to 55 days on purchases Go to site More info
Australian Military Bank Low Rate Visa Credit Card
Enjoy a low interest rate of 10.99% p.a. on purchases, combined with a balance transfer offer of 0% p.a. for 12 months and a low annual fee.
10.99% p.a. 0% p.a. for 12 months $49 p.a. Up to 55 days on purchases Go to site More info
ANZ Low Rate
$100 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 13.49% p.a.) $58 p.a. Up to 55 days on purchases Go to site More info
BankSA Vertigo Visa
Enjoy a low balance transfer offer of 0% p.a. for 18 months and a low ongoing purchase rate from BankSA.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Up to 55 days on purchases Go to site More info
Citi Clear Platinum Card
Enjoy 0% p.a. for 9 months interest-free purchasing and 0% p.a. for 9 months on balance transfers.
0% p.a. for 9 months (reverts to 14.99% p.a.) 0% p.a. for 9 months $99 p.a. Up to 55 days on purchases Go to site More info
BankSA Vertigo Platinum
Experience Platinum card benefits with complimentary insurance policies and 24/7 Visa Platinum Concierge Service. Get 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months if you apply by 4 January 2017.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Up to 55 days on purchases Go to site More info
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 p.a. 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 December 9th, 2016
Points per $ spent Complimentary Travel Insurance Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
ANZ Low Rate Platinum Credit Card
$250 Back plus 0% p.a. for the first 6 months on purchases from approval.
Yes 0% p.a. for 6 months (reverts to 13.49% p.a.) $99 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
VISA/MC: 1 AMEX: 0 Yes 19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Qantas Rewards Premium Card - Exclusive Offer
Get 75,000 bonus Qantas Points plus enjoy a low promotional offer of 4.99% p.a. for 6 months on balance transfers.
VISA/MC: 0.5 AMEX: 1.5 Yes 19.99% p.a. 4.99% p.a. for 6 months $250 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn bonus Velocity Points in the first 3 months and a low 0% p.a. for 18 months on balance transfers. Receive a free Virgin Australia $129 Gift Voucher each year. Available from mid-2016.
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
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.
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
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
VISA/MC: 1 AMEX: 0 Yes 19.99% p.a. $199 p.a. Go to site More info
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 18 months and an introductory purchase offer of 1% p.a. for 12 months with an annual fee waiver for the first year.
VISA/MC: 0 AMEX: 0 Yes 1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Go to site More info
Citi Rewards Credit Card - Platinum Card
Enjoy a long term balance transfer offer and earn 1.25 Citi Reward Points on per $1 spent for all domestic purchases.
VISA/MC: 1.25 AMEX: 0 Yes 20.99% p.a. 0% p.a. for 24 months with 1.5% balance transfer fee $199 p.a. annual fee for the first year ($249 p.a. thereafter) Go to site More info
American Express Platinum Edge Credit Card
Receive 10,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Enjoy a $200 travel credit every year and get 0% p.a. for 12 months on balance transfers.
VISA/MC: 0 AMEX: 1 Yes 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $195 p.a. Go to site More info
Bank of Melbourne Vertigo Platinum
A platinum card with a low balance transfer offer of 0% p.a. interest for 18 months and 1% p.a. for 12 months on purchases combined with complimentary insurance covers.
VISA/MC: 0 AMEX: 0 Yes 1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Go to site More info
Citi Qantas Signature Credit Card
Earn up to 50,000 bonus Qantas Points when you spend $2,000 or more on eligible purchases in the first 90 days. Plus, enjoy introductory interest rates on balance transfers and purchases with a discounted annual fee of $199 in the first year.
VISA/MC: 1 AMEX: 0 Yes 20.99% p.a. 0% p.a. for 6 months $199 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
American Express Velocity Platinum Card
Enjoy up to 50,000 bonus Velocity Points when you meet the minimum required spend and earn up to 3 rewards points per dollar spent. Also receive a complimentary return flight every year.
VISA/MC: 0 AMEX: 1 Yes 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $349 p.a. Go to site More info
ANZ Frequent Flyer Platinum
Get 50,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months. Enjoy a waived annual fee for the first year and earn up to 1.5 Qantas Points per dollar spent.
VISA/MC: 0.5 AMEX: 1.5 Yes 19.99% p.a. $0 p.a. annual fee for the first year ($295 p.a. thereafter) Go to site More info
American Express Explorer Credit Card
Receive 100,000 Membership Rewards Bonus Points on eligible spend within the first 2 months of Card Membership. Also enjoy a $400 travel voucher and two complimentary airline passes per year.
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
ANZ Rewards Travel Adventures card
Pay no overseas transaction fee on purchases and receive complimentary domestic return flight and lounge passes each year you hold the card when you spend $500 on eligible purchases within the first three months.
VISA/MC: 1 AMEX: 2 Yes 20.24% p.a. $225 p.a. Go to site More info
American Express Qantas Premium Card
Earn as much as 30,000 bonus Qantas Points when you meet the minimum spend requirement. Enjoy frequent flyer benefits including uncapped Qantas Points per $1 spent, complimentary travel insurance and Qantas Club lounge invitations.
VISA/MC: 0 AMEX: 1 Yes 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $249 p.a. Go to site More info
Citi Rewards Platinum Card - Cashback Offer
Earn $250 cashback on eligible spend, plus enjoy 0% p.a. balance transfer offer for 12 months, discounted annual fees for the life of the card and a complimentary travel insurance.
VISA/MC: 1.25 AMEX: 0 Yes 20.99% p.a. 0% p.a. for 12 months $99 p.a. annual fee for the first year ($199 p.a. thereafter) Go to site More info
American Express Platinum Card
Receive 100,000 Membership Rewards Bonus Points when you meet the minimum spend requirement and earn up to 3 points per dollar spent. Gain access to travel insurance, $300 Platinum Travel Credit every year and access to 900 VIP airport lounges.
VISA/MC: 0 AMEX: 1 Yes $1,200 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
An interest-free period on both purchases and balance transfers.
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
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Receive 30,000 bonus Velocity Points and earn 1 Velocity Points per $1 spent. Receive an exclusive $129 Virgin Australia Gift Voucher and two complimentary Single Entry Virgin Australia domestic Lounge passes each year.
VISA/MC: 1 AMEX: 0 Yes 20.74% p.a. 1.9% p.a. for 15 months $144 p.a. annual fee for the first year ($289 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.

Application 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

Completing the application requires that you submit a variety of personal, work related, and financial information

  • 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.

How much time would I take to complete the online application?

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

Can I check the status of my application?

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.

How long does the application take to process?

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

How can I make repayment?

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.

Is there is limit on balance transfers?

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

When should I apply for a balance transfer?

You should provide all relevant details during the application process.

What credit limit might I get and can I ask for an increase?

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.

Can I get an additional card, and if so, how?

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.

Is there anything I need to know about my credit card statement?

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.

How do I earn reward points?

You earn reward points when you use your platinum card to make eligible purchases, where every dollar spent earns 1.25 reward points. You don’t earn reward points on the following

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

How do I redeem reward points?

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

What can I get for my reward points?

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.

Who can use my reward points?

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 Essential Credit Card
American Express Essential Credit Card

Interest rate

14.99

Annual fee

0
ME Bank frank Credit Card
ME Bank frank Credit Card

Interest rate

11.99

Annual fee

0
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

149

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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 December 9th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
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
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 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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