IMB Platinum Rewards Mastercard

Earn 20,000 bonus reward points and save with 0% on balance transfers for 24 months.

You can use the IMB Platinum Rewards Mastercard to reward your spending and repay existing debts. This card charges 0% p.a. on balance transfers for 24 months. You’ll collect reward points as you spend and can boost your points balance with 20,000 bonus points when you spend $3,000 in the first 3 months.

0% p.a.

Balance transfer rate

for 24 months


Bonus points

20.24% p.a.

Purchase rate


Reward point

Per $ spent

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Product NameIMB Platinum Rewards Mastercard
Rewards programCard Services Rewards Program
Balance transfer rate0% p.a. for 24 months
Balance transfer revert rateCash Advance Rate (21.74% p.a.)
Balance transfer limit80% of available limit
Purchase rate20.24% p.a.
Annual fee$129
Interest-free periodUp to 55 days on purchases
Cash advance rate21.74% p.a.
Min credit limit$6,000
Max credit limit$30,000
Card typeMastercard
Foreign currency conversion fee3.4%
Minimum income$35,000
Available to temporary residentsNo
Joint applicationNo


  • 0% on balance transfers for the first 24 months
  • Earn 1 reward point per $1 spent on eligible purchases
  • Complimentary insurance covers


  • Has a relatively high cash advance interest rate of 21.74% p.a.
Rewards programCard Services Rewards Program
Bonus points20,000
Rewards points per $ spent1
Annual fee$129
Minimum monthly repayment2% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee3.4%
Cash advance fee3.5% or $3.50, whichever is greater
Overseas cash advance fee$5
Additional cardholder fee$0
Number of additional cardholders4

Review by

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The IMB Platinum Rewards Mastercard offers features to suit two different types of cardholders: people who want to reward their spending and those who want to get their debts under control.

The 0% interest balance transfer could help you repay your balance and save, but you should note that you won’t earn points on these repayments. If you have a large debt to repay, there are other cards that offer longer interest-free periods on the market.

How to apply

You can apply for the IMB Platinum Rewards Mastercard online but you should check if you meet the eligibility requirements and have the necessary information to complete the application.

Eligibility criteria

  • Income. You must earn at least $35,000 p.a.
  • Credit history. You’ll need a good credit score and healthy credit history.

Card benefits

  • Balance transfer offer. Repay an existing debt with 0% p.a. for the first 24 months on balance transfers to this platinum card when you apply by 30 June 2022. You can transfer up to 80% of your approved credit limit and any remaining debt will attract the 21.74% p.a. cash advance rate at the end of the promotional period.
  • Rewards. You’ll earn 1 reward point per $1 spent on eligible purchases, which will be debited to your Card Services Rewards account. You can redeem your points for rewards including travel, gift cards with popular retailers and cashback to your account. You can also exchange your points with frequent flyer and reward partners for Virgin Australia Velocity Points, Emirates Skywards Miles, Singapore Airlines KrisFlyer and Flybuys.

Rates & fees

  • Annual fee. This card charges a $129 p.a. annual fee.
  • Purchase rate. Purchases will attract a 20.24% p.a. interest rate.

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    Default Gravatar
    April 20, 2018

    Is this the Mastercard underwritten by Citi Bank?

      Avatarfinder Customer Care
      April 20, 2018

      Hi Magoo,

      Thank you for getting in touch with Finder.

      Yes, IMB’s credit cards are Citi-issued accounts. If you are looking to apply for a balance transfer, balance transfers are not allowed from other Citigroup accounts to IMB. Please review each credit card balance transfer restrictions to know which Australian institutions you can balance transfer your debts to.

      I hope this helps.

      Have a great day!


    Default Gravatar
    April 5, 2017

    How does the complimentary travel insurance work with my platinum mastercard ,are we covered for things like hire cars ,luggage loss cancellations and medical and do we need to register with our details?

      Avatarfinder Customer Care
      April 7, 2017

      Hi Graeme,

      Thank you for your inquiry.

      Complimentary insurance covers provide protection in various scenarios. It would be nice to contact the provider directly to inquiry the detailed information about the complimentary insurance cover.

      I hope this information has helped.


    Default Gravatar
    September 16, 2015

    How can I increase my credit limit?

      Avatarfinder Customer Care
      September 17, 2015

      Hi Carol,

      Thanks for your question.

      Thanks for your inquiry.

      Please note that the maximum credit limit for IMB Platinum Mastercard is A$30,000.

      You can request for an increase on your credit limit, provided that you qualify Card Services’ credit criteria.

      You may wish to speak directly to the Card Services customer service for further inquiries regarding credit limit increase. Please refer to the contact details I have forwarded to your email.

      I hope this has helped.



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