Enjoy 90 days interest-free on purchases with no minimum spend.
Use anywhere Mastercard is accepted, in-store and online.
Exclusive cardholder days when Q Mastercard cardholders can enjoy exclusive deals and extended finance promotions.
Pros and cons
Enjoy 3 months of 0% p.a. interest on all purchases.
No annual fee for the first year.
Annual fee in later years are spread out over two equal instalments.
No minimum spend required.
A relatively high purchase interest rate of 26.69% p.a.
Long term advances come with a $55 establishment fee at the first use.
Long term finance purchases have a fee of $35.
Rates and fees
Additional cardholders. Share your account with others by adding additional cardholders at no additional cost. Be aware that you will be responsible for managing the account and repayments.
Digital wallets. The Q Mastercard is compatible with Apple Pay and Google Pay.
Gambling transactions. Gambling transactions are treated as cash advances.
Rewards and benefits
Complimentary travel insurance. The Q Mastercard does not provide complimentary international travel insurance for cardholders.
Concierge services. Cardholders have no access to a concierge service, usually the preserve of more exclusive cards.
Insurances. This card does not include complimentary insurance, which is unsurprising given the market it's aimed at.
Rewards points. This credit card does not have a rewards program.
Sign up bonus. There is no sign up bonus for new Q Mastercard customers.
Rates and fees
Annual fee. There is no annual fee for the first year, reverting to $50 p.a. thereafter. There will be a $25 charge at the beginning of the year, followed by another $25 six months later.
Balance transfers. The Q Mastercard does not currently offer an introductory balance transfer deal.
Cash advances. Cash advances incur interest at 27.99% p.a. from the transaction date with no interest-free days. There is a separate one-off fee of $2 and $3 on any domestic and overseas cash advances respectively. This interest rate is high, so avoid cash advances if at all possible.
Establishment fee. A $55 fee will be changed the first time you use the card for long-term finance.
Foreign exchange fee. Any purchases made overseas or online in a foreign currency will incur a 1.40% fee.
Interest-free period. Get up to 90 days interest-free on all purchases when you pay your balance in full by the due date or make the minimum required payments. This is significantly more interest-free days than what the average card has.
Purchases. There is no introductory offer on purchases. The ongoing rate on purchases is 26.69% p.a. This is higher than average.
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