IMB Low Rate Mastercard

IMB Low Rate Mastercard

Highlights

  • Enjoy 0% for 12 months on balance transfers with no balance transfer fee. Reverts to cash advance rate of 21.74% p.a.
  • Discounted annual fee of $37 in the first year (reverts to $75 p.a. thereafter).
  • Low retail purchase interest rate of 12.99% p.a.

Pros and cons

Pros

  • Get a discounted annual fee of $37 for the first year.
  • Low interest rate on purchases.
  • 0% balance transfer for 12 months.
  • Includes complimentary purchase Cover Insurance and Guaranteed Pricing Scheme.

Cons

  • Balance transfer revert rate is at 21.74% p.a.

Our review

Convenience

Customer service

Rates and fees

Rewards

Trust

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.

Nilooka Dissanayake

Reviewed by Nilooka Dissanayake

Writer

User reviews

Convenience

Customer service

Rates and fees

Rewards

Trust

Great service when I really needed it

Reviewed by Kerrie

I am very happy with my credit card and the service provided by the customer service and the local credit centre. Hunter United was very swift to return my money when the card was stolen and used by the thief when I was suffering from cancer in 2015. Thank you for the opportunity to thank Hunter United publicly.


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