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 September 22nd, 2017
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.

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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NAB Premium Card - Exclusive Offer
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St.George Vertigo Platinum
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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.

      Cheers,
      Shirley

  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 September 22nd, 2017
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 24 months
$90 p.a.
Until 1 October 2017, exclusive to finder.com.au, enjoy a no BT fee, balance transfer offer with platinum privileges, including travel insurance.
St.George Vertigo Visa
13.24% p.a.
0% p.a. for 18 months with 2% balance transfer fee
$55 p.a.
Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 18 months
$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.
St.George Vertigo Platinum
12.74% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$99 p.a.
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.

Compare up to 4 providers

* 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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