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Skye Mastercard

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Take advantage of up to $300 cashback, up to 110 interest-free days on purchases and $50 off the first year annual fee.

The Skye Mastercard offers 110 days interest-free on everyday purchases, and 9-, 12- or 15-month 0% interest instalment plans for purchases of at least $250 or those made with selected retailers.

23.99% p.a.

Purchase rate

$49 p.a.

Annual fee

for the first year ($99 p.a. thereafter)

110 days

Interest free period


Product NameSkye Mastercard
Purchase rate (p.a.)23.99% p.a.
Annual fee$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Interest free period110 days
Cash advance rate (p.a.)25.99% p.a.
Min credit limit$1,000
Max credit limit$50,000
Card typeMastercard
Foreign currency conversion fee (Visa/Mastercard)0%
Complimentary travel insuranceNo
Minimum Income$25,000
Minimum age18 years of age
Available to temporary residentsNo
Joint applicationYes - Conditions apply


  • Up to 110 days interest-free period on everyday purchases
  • Ability to convert large purchases into 9-, 12- or 15-month 0% p.a. instalment plans
  • 0% foreign transaction fees on online and overseas purchases
  • Optional MOTION CODE feature, offering extra security against fraudulent transactions


  • Very high interest rates on purchases and cash advances when promotional rates expire
  • $20 per card fee applies for the MOTION CODE technology feature
Annual fee$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Minimum monthly repayment3% of the closing balance or $30, whichever is greater
Late payment fee$35
Foreign currency conversion fee (Visa/Mastercard)0%
Cash Advance Fee3% or $3, whichever is greater
Overseas cash advance fee3% or $3, whichever is greater
Overseas ATM withdrawal fee$0
Additional cardholder fee$10
Number of Additional Cardholders4

Expert review

Amy Bradney-George

Review by

Amy Bradney-George is the acting editor for Finder X and a senior writer for credit cards and Finder Green. She has more than 13 years' experience as a journalist and writer, with bylines in publications including The Equity Magazine, The Sydney Morning Herald, ABC News and produce industry website FreshPlaza. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not putting (virtual) pen to paper, she spends her time as an actress.

Expert review

As well as the $300 cashback offer and discounted first year annual fee, the Skye Mastercard gives you 2 different interest-free options depending on how you use this credit card. For everyday purchases, you can get up to 110 days interest-free. This is much longer than the 55 days offered by many other cards but its 23.99% p.a. purchase rate is also significantly higher than most cards on the market. If you know you'll pay the balance before the due date this could be a great option. However, if you think you might carry a balance from month to month, you may want to consider a lower rate credit card.

How to apply

You can submit a secure, online application in a few minutes through the Skye Mastercard website. To get started, make sure you meet the following eligibility requirements and have all the essential documents and details on hand.

Eligibility criteria

  • Minimum income. You must earn at least $25,000 to apply for this card.
  • Credit history. You should only apply for this card if you have clean credit file without any black marks (such as defaults or previous bankruptcy listings). You can check your credit score for free through Finder.

Card benefits

  • Up to $300 cashback. For the first 3 months from account opening, you will earn 7.5% cashback on eligible purchases, up to $100 per month. Eligible purchases include most everyday transactions but do not include cash advances or purchases that are refunded. The cashback will be applied to your account within 30 days of the spend requirement being met. To take advantage of this offer, you must apply and be approved before 31 August 2020.
  • $50 first year annual fee discount. When you apply and are approved for a new Skye Mastercard before 31 August 2020, you will save with a discounted first year annual fee of $49. After the first year, the annual fee reverts to $99.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges an annual fee of $99.
  • Purchase rate. The standard purchase rate is 23.99% p.a. This means interest charges will quickly add up if you don't pay off purchases within the 110 interest-free days.

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  1. Default Gravatar
    May 15, 2019

    Two questions, fist I have a zip money account that allows me to control how much I pay within the interest free period, is skye the same? Secondly, I notice the 90 day interest free, but will this be subjected to promotions cause I see others using skye offering longer interest free periods? Is this due to the business that uses skye and what interest free period they want to offer on their goods and serives?

    • Default Gravatar
      May 16, 2019

      Hi Paul,

      Thanks for getting in touch with Finder! Different from another installment service, Skye Mastercard offers interest-free installment plans of 9, 12 and 15 months when you use it for purchases of $250 or more. SkyePlan installment plans are subject to approval and attract a fee that’s calculated based on the total balance you want to pay off in installments.

      The 90 days interest-free purchase won’t be subject for promotions. When you make a purchase using the Skye Mastercard, you are given 90 days to pay. At the end of the 90-day period, the standard purchase rate will apply to the balance. Note that you will still need to make minimum payments on your account by the due date listed on each statement.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.


  2. Default Gravatar
    January 16, 2019

    Hi, just some comments not a question on skye mastercard.
    I’ve had mine for almost a month.
    They charge a fee for making repayments, it was $0.95 on a $99 repayment!

    Also Skye were unable to tell me what retailers I can use it at when asked on 2 separate occasions, they just pointed to the website which as far as I can tell does not list any retailers. I joined skye because it is Ikea’s preferred card. Ikea may accept their older interest free provider, HSBC, but ask the checkout supervisor.

  3. Default Gravatar
    October 5, 2018

    Can i pay for accommodation on my skye master card?
    (thats not threw flight center?)

    • Avatarfinder Customer Care
      October 5, 2018

      Hi Samantha,

      Thank you for leaving a question.

      Yes you may use the Skye Mastercard as long as the merchant you are transacting with accepts payments through Mastercard. Hope this helps!


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