- 20,000 bonus reward points when you spend $3,000 on eligible transactions in the first 3 months from card approval
- 0% p.a. on balance transfers for 24 months, reverts to cash advance rate
- Platinum complimentary insurance covers
- Earn 1 reward point for every $1 spent on eligible transactions
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IMB Credit Cards
IMB Platinum Rewards Mastercard
Updated 1 September 2026
This card is not currently available for online application. Please visit an IMB Bank branch for information.
Enjoy money-saving features including 0% p.a. on balance transfers for 24 months when you apply and are approved for a new IMB Platinum Rewards Mastercard (reverts to cash advance rate). Plus, receive 20,000 reward points when you spend $3,000 on eligible purchases in the first 3 months from card approval. Earn 1 reward point for every $1 spent on eligible transactions and access a range of complimentary insurance covers. T&Cs apply.
Points Earn Rate (per $1 spent)
1 point
RewardsRewards Program
Card Services Rewards
Bonus Points
20,000 pts
Spend $3,000 in first 3 months
Pros and cons
- Purchase rate of 20.24% p.a.
- Ongoing annual fee of $129
Creditcard.com.au review
Editor Review
IMB Platinum Rewards Mastercard
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The IMB Platinum Rewards Mastercard
Offering cardholders the opportunity to earn points on a flexible rewards program, the IMB Platinum Rewards Mastercard offers a great earn rate plus 20,000 bonus points after spending $3,000 in the first three months. On top of some platinum perks, the card also offers 0% p.a. on balance transfers for 24 months.
What we love...
As the IMB Platinum Rewards Mastercard is a rewards card, let’s get into what it has to offer in the way of rewards first. As a new cardholder, you will receive 20,000 bonus points when you spend $3,000 on the card within the first three months. From there, your day-to-day earn rate will be 1 reward point for every $1 you spend.
Earning points on the Card Services Rewards program offers plenty of flexibility. You can redeem points for a huge range of merchandise, including fashion and jewellery, tech and gift cards. In terms of travel, you can redeem points for flights or holidays, or you can transfer your points to Emirates’ Skywards, Singapore Airlines’ KrisFlyer, Virgin Australia’s Velocity or flybuys.
Aside from rewards, the card has a few other tricks up its sleeve. If you’re looking to pay down credit card debt, you could take advantage of 0% p.a. on balance transfers for 24 months. This would give you more than a year to pay down your balance as you pay absolutely no interest on it.
What are those extras exactly? Like many platinum cards, the IMB Platinum Rewards Mastercard offers a range of complimentary insurance covers. These include International Travel Insurance, Interstate Flight Inconvenience Insurance, Extended Warranty Insurance, Purchase Cover Insurance and Guaranteed Pricing Scheme. These covers could provide an excellent way to save money, but be sure to read the PDS so you understand how they work.
As a cardholder, you can also take advantage of the card’s Platinum Concierge Service, available 24 hours a day, seven days a week. The card also offers up to 55 days interest free on purchases as long as you clear your balance each month by the due date, and don’t have a balance transfer on your account.
What’s not so great...
Balance transfers can offer a fantastic way to save on interest, making it easier to pay down debt. But, you need to understand how the offer works before you sign up. With this card’s balance transfer offer, you can transfer up to 80% of your approved credit limit. And, if you do not pay off your transferred balance within the intro period, it will revert to the card’s high cash advance rate.
Why should you choose this card?
If you are looking for some decent platinum perks on a card that earns rewards on day to day spending, the IMB Platinum Rewards Mastercard could be well worth looking in to. Its rewards program is flexible and fairly easy to understand, with the option to transfer points to frequent flyer partners.
While the extras may not blow you away, they are pretty much standard for this level of platinum card. Its balance transfer offer is low and long, but bear in mind that if you are spending to earn rewards, you will need to work harder to pay off your new balance on top of your transferred balance.
Overall Rating
A worthy platinum option, the IMB Platinum Rewards Mastercard makes it easy to earn rewards, offering 20,000 bonus points, plus 0% p.a. on balance transfers for 24 months.
User reviews
Rates and fees
Interest rates
Purchase rate 20.24% p.a.
Cash advance rate 21.74% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 24 months
Balance transfer revert rate 21.74% p.a.
Balance transfer from personal loan No
Balance transfer fee No fee
Balance transfer limit 80% of approved credit limit
Brands you can't balance transfer from Bank of Queensland, Citi, Coles, IMB, Qantas Money, Suncorp, Virgin Money
Credit limits
Minimum credit limit $6,000
Maximum credit limit N/A
Fees & repayments
Annual fee $129 p.a.
Additional cardholder fee Up to 4 at no extra cost
Foreign transaction fee 3.4%
Minimum repayment $30 or 2%, whichever is greater
Cash advance fee Local: $3.50 or 3.5%, whichever is greater; Foreign: $5
Late payment fee $30
Rewards and points
Rewards program
Rewards Program
Card Services Rewards
Bonus points 20,000 points
Annual points cap uncapped
Bonus points spend criteria Spend $3,000 in first 3 months
Earning points with this card
Rewards Rewards points 1 point per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes
Flight Inconvenience Insurance Yes
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance No
Extras
Guaranteed Pricing Scheme
Overview
IMB Platinum Rewards Mastercard
The IMB Platinum Rewards Mastercard offers useful perks for travellers, as well as a very generous credit limit. As an added bonus, if you’re not sure about extras such as flight inconvenience insurance, guaranteed pricing and transit accident insurance or dubious about whether you want a credit card with a concierge service then you can try this card with relatively low risk. Bonus offer of 20,000 reward points when you spend $3,000 in the first 3 months. The IMB Platinum Rewards card offers platinum benefits alongside rewards points earning – 1 points per $1 spent, alongside extensive complimentary insurance and a platinum concierge service.
Key features
- 20,000 bonus reward points when you spend $3,000 on eligible transactions in the first 3 months from card approval
- 0% p.a. on balance transfers for 24 months, reverts to cash advance rate
- Earn 1 reward points for every $1 spent on your card
- Complimentary international travel and purchase cover insurance
- Guaranteed pricing scheme
- Up to 4 additional card holders for free
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Resident or citizen of Australia
-
Minimum income of $35,000 p.a.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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