IMB Credit Cards
IMB is one of the oldest and most respected Building Societies in Australia. They are also a major non-bank presence in the credit card industry. The following types of IMB Credit Cards will highlight the differences and benefits as compared to other cards.
| Interest Rate (p.a.) | Cash Advance Rate (p.a.) | Balance Transfer Rate (p.a.) | Annual fee | Interest Free Days |
|---|
IMB Rewards MasterCard
There are two rewards cards available, the Silver MasterCard and the Gold MasterCard. Here is a summary of the features available in these two cards:
- Reward Points - You can collect 1 point for every dollar spent on either of your IMB Credit Cards, the Silver or the Gold one.
- Balance Transfer - Both these cards are featuring special balance transfer offers at the moment, for a low interest rate of 7.9% p.a. for 12 months.
- Comprehensive reward program - The reward points collected can be redeemed on a variety of goods and services, including but not limited to shopping gift cards, travel accommodation and fuel vouchers.
- Superior Credit Limit - Cardholders can gain access to a maximum credit limit of $7,500 on the Silver MasterCard. For the Gold MasterCard this goes up to $25,000.
- Moderate Annual Fee - The Silver card comes with an annual fee of $99 (plus additional fees of $10) while the Gold MasterCard has an annual fee of $99 (plus $30).
- Purchase Protection Insurance - For eligible purchases you are protected with a complimentary purchase cover available on both these cards. Your purchases are protected from accidental damages, loss and theft. The Gold MasterCard has higher insurance limits and covers more types and a greater amount of purchases than the Silver MasterCard.
The Gold MasterCard also has International Travel Insurance on top of the above benefits, at no extra cost.
IMB Low Rate MasterCard
Similar to the two IMB Credit Cards discussed, these low rate cards also come in two flavours, Silver and Gold. Except for the lack of the rewards program their fee structure and credit limit remain the same. The low rate cards do however differ on two counts:
- Low interest rate - % p.a. on purchases for general spending on the cards.
- Balance transfer - At an interest rate of for the introductory period of 6 months.
Additional Features
All the IBM Credit Cards come with an advanced security program, Fraudshield, which can detect irregular transactions on your account and confirm with you immediately over the phone. You can also choose to include up to 4 more cards on the same account for accelerated reward points earning capability.
