IMB Credit Cards

IMB Bank is a provider of credit cards, home loans, personal loans, bank accounts, travel money and travel insurance, and other insurance products.

“I’m with IMB Bank.” (IMB Bank)

Compare IMB Credit Cards

If you’re considering an IMB card, check out what’s available below in our comparison table based on a monthly spend of $1,000. Please note that this table has been sorted by purchase rate (lowest to highest).

Types of IMB credit cards

There are 2 different IMB Bank credit cards at the time of writing:

  1. IMB Platinum Rewards Mastercard
  2. IMB Low Rate Mastercard

Sign-up offers apply from time to time. For example, at the time of writing, the IMB Platinum MasterCard offers 20,000 bonus reward points when you spend $3,000 in the first 3 months (offer ends 31 January 2017).

The inclusions mentioned represent a selection of what is covered at the time of writing. Additional terms and conditions may apply to different features. Additional fees may apply to the product. CANSTAR is not making any suggestion or recommendation to you about this product. Please ensure that you read the product disclosure statement to determine all the current options and inclusions for the product you are considering.

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IMB Platinum Rewards Mastercard

imb mastercard

Features

  • Card type: Mastercard
  • Minimum credit limit: $6,000
  • Minimum income required for eligibility: $35,000 p.a.
  • Contactless: Contactless payments are enabled via Mastercard PayPass.
  • Security: Card protected by Fraudshield 24/7 fraud monitoring for suspicious transactions.
  • Online and mobile: Cards can be managed using online banking.
  • Rewards program: Earn rewards points for money spent on purchases using the card. Concierge services available 24/7.

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IMB Low Rate Mastercard

imb mastercard

Features

  • Card type: Mastercard
  • Minimum credit limit: $2,000
  • Minimum income required for eligibility: $25,000 p.a.
  • Contactless: Contactless payments are enabled via Mastercard PayPass.
  • Security: Card protected by Fraudshield 24/7 fraud monitoring for suspicious transactions.
  • Online and mobile: Cards can be managed using online banking.

Compare Low Rate Credit Cards

Compare Low Fee Credit Cards

Eligibility to apply for IMB credit cards

To apply for any of the IMB credit cards, you must be able to satisfy the following criteria:

  • At least 18 years old.
  • Permanent Australian resident.
  • Earning minimum income specified for each card (see above).
CANSTAR provides an information service. It is not a credit provider, and in giving you information about credit products CANSTAR is not making any suggestion or recommendation to you about a particular credit product.
If you decide to apply for a credit card you will deal directly with the financial institution, and not with CANSTAR. Rates and product information should be confirmed with the relevant financial institution. For more information, read our detailed disclosure, important notes, and additional information.

How to apply for a IMB Bank credit card

First, check whether you are eligible to apply for a IMB Bank credit card. See above for the eligibility requirements.

If you meet the eligibility requirements, you can apply online, call 1300 78 08 97, or visit a branch in-store. Have your ID and income details handy and check our list of documentation you may need when applying for a credit card.

In some cases, an instant response cannot be made and you will need to provide further information before the card can be approved; in this case, the card provider will contact you. You can check your application status at any time by calling 1300 78 08 97 with your application ID number.

Can I get a balance transfer on an IMB Bank credit card?

Yes. Depending on your situation, you can put a balance transfer of up to 80% of your credit limit on an IMB credit card.

While a balance transfer remains on your card balance, you will be charged interest on the total balance of your card, including balance transfer amounts and all new purchases. Rewards points are not earned on balance transfers.

How do I manage my IMB Bank credit card through online banking?

You can manage your IMB Bank credit card through IMB Internet Banking or using the mobile banking app. Use online banking or mobile banking to do things like view your recent transaction history, view your balance, and more.

How is interest calculated on my IMB Bank credit card?

Interest is charged when you carry a balance on your IMB Bank credit card. Interest is charged on cash advances from the date of withdrawal (fees and charges apply) and balance transfers from the date of transfer.

Up to 55 interest-free days apply to IMB Bank credit card purchases if you have paid the balance in full for the previous month’s statement and for the current month’s statement (the statement on which the purchases are listed).

Your credit limit for an IMB Bank credit card will be determined based on the information you provide in your application, keeping in mind the minimum and maximum credit limits available for each card. Find out more about how credit limits are determined here.

You can close your IMB Bank credit card account at any time by contacting IMB Bank:

  • Phone: 1300 78 08 97 (within Australia) or +61 2 4227 9111 (from overseas) (open Mon-Sat)

Your card balance will need to be repaid in full even after the card is closed. You will continue to receive monthly statements until your card balance is fully repaid.

If you are experiencing financial hardship, contact the Financial Hardship team to get help in making repayments:

  • Phone: 133 462 (within Australia) or +61 2 4227 9111 (from overseas) (open Mon-Sat)

If you are closing your IMB Bank credit card because you’re not satisfied with it, consider your other options when it comes to credit cards:

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IMB Bank was founded in 1880 as the Illawarra Mutual Building Society, and became a mutual bank in 2015. They have a growing branch network throughout Illawarra, Sydney, the NSW South Coast, ACT, and Melbourne, as well as a locally-based call centre, and a team of mobile lending specialists who can come to you.

Today IMB has around 180,000 members and assets of $5 billion. IMB members get a 15% discount of membership to the University of Wollongong’s Early Start Discovery Space for kids.

Through the IMB Community Foundation, established in 1999, IMB Bank has contributed $8.1 million to more than 550 projects.

IMB Community Sponsorships are another way that IMB Bank gives back to their local communities. From local sports events to music festivals, school fetes, and moonlight movies, you can find out what’s happening in your local area on the website. Most branches have an IMB Community Marquee donated by IMB Bank, so if you would like to use a free marquee for your upcoming event, simply call your local branch.

Compare Credit Cards with CANSTAR

Showing Rewards products in Canstar’s database with links to lenders’ websites. The display is sorted by purchase rate (lowest to highest) for credit cards that offer signup bonuses to consumers for a spend of $5,000 per month.

Table only displays five products. Click here to see more. Be sure to read the full terms and conditions of each deal before signing up.

Compare Rewards Credit Cards

IMB Low Rate MasterCard

CANSTAR Research
Rating:
Award: 3-Star Rating - Credit Card

Low Rate Credit Cards 2016

Low Rate MasterCard

View the 2016 Credit Card Star Ratings Report

Written by: TJ Ryan | Last updated: January 24, 2017