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Platinum Rewards Mastercard



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



Earn Rates

RateCard TypeEarnsCondition
1 point for $1 spentMastercardUp to $100,000 annuallyeligible transactions
  • Free Domestic Travel Insurance Available for up to 14 days when you use your card to pay for return domestic travel
  • Free International Travel Insurance Available when you use your Card to pay for return international travel. Covers for the loss or damage of personal or business items and for unexpected medical expenses.
  • Free Supplementary Cards
  • Purchase Protection Covers up to $20,000 per item
  • Price Guarantee
  • Extended Warranty Warranty is extended for the same duration as the original warranty.
  • Concierge


The IMB Bank Platinum Rewards Mastercard provides customers with a generous selection of perks and benefits. This card comes with a 24/7 concierge service and a number of complimentary insurances, including international travel, purchase cover, interstate flight inconvenience, as well as guaranteed pricing scheme.

As well as offering the ability to earn reward points for every dollar spent on eligible purchases, there is also a bonus points offer up for grabs when you spend over a particular amount in the first three months. IMB Bank are also offering a no-interest balance transfer for the first 14 months for new cardholders.

The interest rate on this credit is in the high range, with an additional moderately high annual fee, which is discounted in the first year to a more moderate fee.

  • Earn rewards points
  • Complimentary insurances
  • Balance transfer offer
  • Moderately high annual fee
  • High interest rate
  • Foreign exchange fees


Who is it good for?

The IMB Platinum Rewards Mastercard is yet another rewards credit card that incentivises spending on credit for cardholders’ everyday purchases. As with all rewards cards, the more you spend, the more points you earn, so this card is more suitable for moderate-to-big spenders who are already putting the majority of their expenses on a credit card.

It will also pay to already be in the habit of paying your credit card off in full each month if considering this card. With the typical high interest rate of a rewards credit cards, interest could quickly stack up on this card if you’re only used to paying off the minimum.

Current IMB Bank home loan customers may find additional value with this card. If you currently have a home loan with IMB Bank, you can apply for the IMB Platinum Rewards Mastercard in your local branch and have the annual fee waived.

What RateCity says

The IMB Platinum Rewards Mastercard has a number of benefits and free extras that could provide value for money to customers who choose it. With up to four complimentary insurance products, including travel and purchase protection, this credit card is aimed at customers who make travel and retail purchases frequently.

The discounted annual fee in the first year does not do much to offset the fact that this card falls within the higher range for rates and charges. However, current IMB home loan customers could take advantage of the no-annual-fee offer on this card, and potentially enjoy the perks and benefits for free.

Although a generous 14-month, no-interest balance transfer offer is also available, new customers should take care when considering this. After 14 months, any remaining balance will revert to the IMB Platinum Rewards Mastercard’s standard high interest rate on cash advances.


To apply for the IMB Platinum Rewards Mastercard, you must be at least 18 years old and have a good credit history. You must also meet a minimum income requirement, as well as any other serviceable criteria. You can apply in person, or online in five steps. When applying online, you will be asked to provide information on your finances, employment, as well as contact details so that your identity can be verified.

About the lender

IMB Banking & Financial Services, commonly known as IMB, is a building society founded in 1880 as the Illawarra Mutual Building Society. IMB is actually the oldest building society in New South Wales, and is currently headquartered in Wollongong. IMB offers products in credit cards, insurance, bank accounts, term deposits, business banking, personal loans, home loans and financial planning. Customers can contact IMB via phone during both standard and extended business hours.

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