IMB Low Rate Mastercard

The basics

• Additional cardholders. This card allows you to add up to 4 additional cardholders for free, so you can share the account with family members. The account holder will be responsible for all repayments and managing the account.
• Digital wallets. Works with all major digital wallet services, including Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.
• Gambling transactions. Gambling transactions will not be permitted.

Rewards and benefits

• Complimentary travel insurance. Unfortunately, this card does not come with complimentary international travel insurance coverage.
• Concierge services. The IMB Low Rate Mastercard does not offer a concierge service.
• Insurances. Cardholders get fraud protection, purchase protection, price protection, and repayment insurance.
• Rewards points. This credit card does not have a rewards program.
• Sign up bonus. IMB does not offer a sign up bonus for this card.

Rates and fees

• Annual fee. This card has a discounted annual fee of $37 p.a. for the first year, reverting to $75 p.a.
• Balance transfers. With the IMB Low Rate Mastercard, you can take advantage of a 0% p.a. balance transfer offer for 12 months. The balance transfer limit is 80% of your credit limit and will revert to a rate of 21.74% p.a. There isn't an option to balance transfer from personal loans with this card.
• Cash advances. Cash advances made with the IMB Low Rate Mastercard will be charged interest at 21.74% p.a., with interest accruing from the withdrawal date. A one-off cash advance fee of 3.5% will be charged for all cash advances made with this card.
• Foreign exchange fee. Any purchases made in a foreign currency, either overseas or online, will be subject to a 3% fee.
• Interest-free period. This card provides up to 55 days interest-free on purchases if you have paid off your previous balance or made the required minimum payments. Cash advances are excluded from this offer.
• Purchases. There is no introductory offer on purchases, so the competitive ongoing rate of 12.99% p.a. will be applied.