Farmers Mastercard

The basics

• Additional cardholders. With the Farmers Mastercard, you can add up to 4 additional cardholders for free, making it easy to share the account with family members. The primary cardholder will be responsible for managing the account and repayments.
• Digital wallets. Farmers Mastercard supports Apple Pay.
• Gambling transactions. Gambling transactions are not blocked.

Rewards and benefits

• Complimentary travel insurance. The Farmers Mastercard does not come with complimentary international travel insurance.
• Concierge services. The Farmers Mastercard does not come with access to a concierge service.
• Insurances. This card does not offer any insurance coverage.
• Rewards points. Cardholders earn 1 point per $10 spent on eligible purchases, which can be redeemed for Farmers Club rewards. There is no cap on how many points can be earned monthly or annually. Points do not expire while the account is open.
• Sign up bonus. There is no sign up bonus for this card at this time.

Rates and fees

• Annual fee. The ongoing annual fee for this card is $50 p.a. This is similar to what other credit cards with rewards change.
• Balance transfers. This card does not have an introductory balance transfer offer.
• Cash advances. It's 27.50% p.a. for cash advances. Interest accrues immediately with no interest-free period. Cash advances on this card will incur a separate one-off cash advance fee. With interest as high as this, avoid cash advances as much as possible.
• Foreign exchange fee. Any purchases made in a foreign currency will incur a 1.40% fee. This is lower than what many similar cards charge for foreign currency transactions.
• Interest-free period. Enjoy up to 55 days interest-free on purchases with your Farmers Mastercard when you pay the balance in full by the due date or make the minimum required payments.
• Purchases. There is no introductory offer on purchases. All purchases made with this card will be subject to an ongoing interest rate of 25.95% p.a. Unfortunately, this rate is higher than what most similar cards charge.