Skye credit cards

Discover how you can take advantage of interest-free days, no foreign transaction fees and repayment plans with a Skye Mastercard credit card.

The Skye Mastercard offers cardholders multiple ways to pay off their credit card purchases with no interest. Whether you want to take advantage of interest-free days, a repayment plan or promotional interest rates with partnered retailers, you can use this guide to compare the features, rates and fees you can expect from the Skye Mastercard.

Comparison of Skye credit cards

Rates last updated December 17th, 2018
Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate (p.a.) Product Description
Skye Mastercard
23.99% p.a.
Up to 90 days on purchases
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Get 90 days interest-free, $0 foreign transaction fees and a $0 annual fee for the first year.

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Types of cards and plans from Skye

  • Skye Mastercard

The Skye Mastercard is designed to suit cardholders who want options to pay off their credit card without the pressure of interest. Cardholders can take advantage of 90 days interest-free, giving you more breathing room to pay off your purchases.

You still need to make minimum repayments by the due date listed on each statement. However, it’s wise to pay your balance in full by the end of the 90 days as any unpaid balances will collect the 23.99% p.a. standard card purchase rate. This is higher than most purchase rates, so it’s best suited to cardholders who can pay off their balance in full by the due date. If you use the card to make a cash advance, such as an ATM withdrawal, you’ll also attract the high 25.99% p.a. cash advance rate.

You can also use this card when you’re travelling overseas or shopping with an international merchant without attracting foreign transaction fees. This card charges a $0 p.a. annual fee for the first year ($99 p.a. thereafter).

You can apply for a credit limit up to $50,000, but your approved credit limit is based on lending criteria and a credit assessment.

This card is provided by FlexiCards Australia, an independent credit card company that’s owned by FlexiGroup Australia (which also provides Lombard Finance credit cards).

  • SkyePlans

If you want more than 90 days to pay off purchases on your Skye Mastercard, you can also convert card purchases of $250 or more to a 9, 12 or 15 month interest-free instalment plan. This can come in handy if you have large purchases (such as a new mobile phone or a holiday) that you’d like more time to pay off. If you sign up for a SkyePlan, you’ll be charged an establishment fee which will vary depending on your interest-free term.

TermEstablishment fee
9 months3%
12 months4%
15 months5%

After you’ve made the eligible purchase on your Skye Mastercard, you can log in to your Skye Self Service account within 30 days to convert your purchase to your chosen SkyePlan. The selected interest-free instalment amount will then be debited to your account each month over the nominated term.

You can also take advantage of promotional interest rates with retail partners. The rates will vary between retailers, but remaining balances will attract the 25.99% p.a. expired promotional rate. This is a high interest rate, so it’s important that you aim to pay your purchase off in full before this applies.

What are the benefits of banking with Skye?

  • Interest-free days

This card offers 90 interest-free days on purchases. Most credit cards offer up to 44 or 55 interest-free days, so this is one of the longest interest-free features on the market.

  • Repayment plans

You can also tailor your cards interest-free days to best suit your ability to repay. With the option of a 9, 12 or 15 month interest-free instalment plan, you can choose a repayment plan that suits your purchases and financial goals.


Skye Mastercard is the first Australian credit card to offer MOTION CODE technology. This means that the three-digit dynamic card verification value (CVV) refreshes to a random security code every hour. Similar to a regular credit card, it’s displayed on a CVV screen on the back of your card. This feature can help protect you from fraudulent transactions, as the dynamic data becomes unusable once refreshed (unlike the static CVV on most cards). If you’re approved for a card with MOTION CODE capability, you’ll be charged a $20 fee.

  • Security

As well as MOTION CODE security, your purchases are safeguarded by Mastercard SecureCode to protect you when you’re shopping online or Mastercard Zero Liability to protect you from fraud and other unauthorised transactions. You can also contact the 24/7 Mastercard Global Service if your card is lost or stolen or you require an emergency card replacement or cash advance.

How to apply for a card with Skye?

You can apply for the Skye Mastercard online if you meet the following eligibility requirements:

  • Age. You must be at least 18 years old.
  • Income. You must earn at least $25,000
  • Residential status. You must be a permanent Australian resident to apply.

When you’re applying, you’ll also need to provide the following details to complete your application:

  • Contact details. Including your mobile number and email address.
  • Proof of identification. You’ll be asked to provide copies of your Australian driver’s licence, Medicare card or Australian passport.

The Skye Mastercard and SkyePlans could be a competitive offer for cardholders looking to cut interest costs. As this isn’t only low interest offer on the market, make sure to compare a few options before applying.

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