Compare low rate and platinum credit cards from QTMB: a customer-focused mutual banking institution
Discontinued credit cardsQT Mutual Bank no longer offers credit cards. However, we have left this page up for those who may be interested in previous offerings. QT Mutual Bank merged with RACQ and RACQ offers products similar to those previously offered by QT. You can also compare a wide range of other low rate credit cards and rewards credit cards on Finder.
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QTMB is short for Queensland Teachers Mutual Bank. Originally a credit union, the history of the organisation dates back to 1965 when a group of teachers pooled their money together so they could lend money to other Queensland teachers. But QT Mutual Bank wasn't just a bank for teachers — QTMB was a full-service financial institution for all Queenslanders, no matter their occupation. Until the merger with RACQ, QTMB offered credit cards, bank and savings accounts, personal loans, mortgages and insurance.
What are the types of credit cards from QTMB?
QTMB offer the choice of two types of credit card: a low rate and platinum Mastercard. Both cards give you insurance as well as the suite of basic credit card features, like interest-free days. The low rate credit card may be suited to you if you can’t repay your balance in full some months. The platinum card could be an option if you’re prepared to pay a little more for the ‘bells and whistles’ and you’re a little more disciplined about how you use your credit card.
Low rate credit cards
More than just a low rate of interest, the QTMB Low Rate Mastercard goes a step further than most other low rate products by offering purchase cover insurance. QTMB will even replace lost or stolen credit cards in Australia or overseas for no extra charge. Like most other low rate cards, standard credit card features are included: interest-free days, contactless payments and free additional cards are all part of the deal.
Platinum credit cards
The QTMB Platinum Mastercard rewards you with points when you spend, it has a comprehensive suite of insurances and you can make interest-free purchases if you pay back what you spend. As far as platinum cards go, QTMB ticks all the boxes. Compare these credit cards by their fees. Platinum credit cards offer more than a low rate or no annual fee in terms of features, and they charge more for it. Also, keep an eye on balance transfer and purchase rate promotions, as these special deals can save you money.
The benefits of banking with QTMB
Find out about some of the benefits that come with choosing a product from QTMB:
NAB ATM access
If you have a QTMB credit card, you can make free ATM withdrawals at any NAB ATM in Australia. NAB are one of Australia’s Big Four Banks, and have an extensive ATM network throughout Australia.
QTMB Internet and mobile banking
Do your banking when you want to. QT Mutual Bank makes it easy to view and review your credit card information, as well as make and arrange payments to other accounts in Australia. You can also access some great Internet banking features from your smartphone with QTMB mobile banking.
QT Mutual Bank — customer-owned banking
When you apply and are approved for a QTMB credit card, you’re not just a customer, you’re a member with a share in the financial institution. As a member of a mutual, you have a stake in your bank and benefit from improving deals and rates. When the mutual makes a profit, you stand to benefit.
Frequently asked questions
Have a look at the FAQs below if you have a question about QTMB credit cards. You can also ask us a question directly by using the form at the end of this page.
Image: QT Mutual Bank