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Skye Mastercard
Skye Mastercard

Skye Mastercard

Updated 26 November 2019

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Annual Fee (p.a)



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Pros and cons

  • No foreign transaction fees for online and overseas purchases
  • 90 interest free days on purchases and BPAY Payments
  • Allows you to convert purchases of $250 or more to your choice of 3 Interest Free Instalment Plans.
  • $99 annual fee and $10 p.a. for additional cardholders

  • 23.99% p.a. on purchases and 25.99% p.a. on cash advances
  • No rewards review

Editor Review

Skye Mastercard

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of about this card.

The Skye Mastercard

Offering all the convenience of a credit card, Skye Mastercard also provides a wide range of shopper-friendly features. Cardholders can enjoy no international transaction fees, Motion Code technology, 90 days interest free on purchases, interest free shopping via SkyePlans on purchases over $250, and Long Term Interest Free plans on purchases at Skye Retailer Partners.

What we love...

First things first. Who or what is Skye? We don’t blame you for asking. Skye is pretty new to the scene. In fact, Skye Mastercard was launched in 2018 by Flexigroup, putting a new face on Lombard and Once brands. But, just because it’s new – and not offered by one of the big banks – doesn’t mean it hasn’t got plenty to offer.

With a wide range of interest free options, Skye Mastercard is designed to be a shopper’s credit card. If used wisely, it can allow cardholders to enjoy interest-free shopping on everything from their day-to-purchases to big ticket items such as holidays and electronics. It does this in three specific ways.

First off, Skye Mastercard provides 90 days interest free on every card purchase (excluding cash advances). This gives cardholders around three months to pay back their purchases, with no interest to pay. If there is any balance remaining after that 90 day period, it will attract the card’s standard purchase rate.

Alternatively, for larger purchases, there is the option to create a SkyePlan. Any purchases of $250 or more can be converted to a SkyePlan, giving you 9, 12 or 15 months interest free. To do this, simply access your account online via Skye Self Service within 30 days of making your purchase, choose ‘Convert to SkyePlan’ next to the transaction, and choose your plan.

You will pay an establishment fee to access this feature, paying 3% of the purchase cost for a 9 month plan, 4% for a 12 month plan, or 5% for a 15 month plan. You will then pay 9, 12 or 15 fixed equal monthly repayments to pay off the purchase. If you miss a payment, any outstanding amount will attract the card’s standard purchase rate.

Last on the list is the Long Term Interest Free plan, which allows you to purchase items at Skye partner retailers and enjoy interest free terms ranging from 6 to 60 months. With this option, you can choose to make minimum monthly repayments plus extra repayments at any time, or you can set up equal monthly repayments to pay off the purchase within the interest free period.

With either option, you can repay extra at any time, and you can pay off the total amount at any time with no penalty. Interest is only applied to any balance remaining at the end of the interest free term. And how do you apply? You can apply instore, or before you go shopping, at home online.

What’s not so great...

One of the main things to be aware of with the Skye Mastercard is interest. While it may offer a number of options for interest free shopping, cardholders should ensure they repay their purchase before the interest free period expires. With a high standard purchase rate, any balance left unpaid will rack up interest quickly.

Cash advances are also best avoided. Skye Mastercard has an even higher cash advance rate, with interest accruing on cash advances from day one.

Why should you choose this card?

If you want a number of interest free options at your fingertips, Skye Mastercard could be an excellent choice for you. However, it would best suit someone who is organised with their finances. Someone who is able to stick to a repayment plan, to pay off each purchase before it starts accruing interest.

Aside from its interest free purchase options, Skye Mastercard also offers a selection of other features. In terms of card security, it provides all the standard Mastercard security features. On top of this though, it has Motion Code technology. So, instead of having a static 3-digit security code (CVV) printed on the back of the card, its code is always changing.

With a mini-screen on the back of the card, it refreshes the CVV every hour to a new random code. When you provide that code as part of a purchase, the code will be verified by the card provider. But, if the code ends up in the hands of those who shouldn’t have it, as dynamic data, it becomes rapidly unusable.

In addition, Skye Mastercard offers no international transaction fees on purchases made overseas or online at international retailers. Cardholders can also benefit from 24/7 account access via Skye Self Service, backed by worldwide 24/7 hour assistance with Mastercard Global Service for lost or stolen cards, emergency card replacement and emergency cash advance.

Overall Rating

Providing a selection of interest free features, Skye Mastercard can help to save on interest, while offering extras such as no international transaction fees and Motion Code technology.

User reviews

Skye Mastercard ( based on 76 user reviews )

26% rating based on 76 reviews

Customer Service


6 April 2019

You will be put on hold for 17 minutes saying she will look into it but just waiting time to pass by and not get back to you then only you will find out calling again that service is no longer available until next business hours. Unreliable and terrible lady on the line; date 6/4/19.

Does not recommend this card


4 March 2019

SKYE asked for us to provide them with access to our bank account so they can download all our account statements, when we advised we wont be doing thsst but are happy to provide them with pdf copies they were ok with that once we provided them with statements they then insisted on a stastement to the day of the email which was not possible. The assistant at the offshore call centre was rude and arrogant. We didnt need to have the loan as we had ample cash to pay the trip. We would have preferred the interest free period so allow our funds to accrue interest. Dont waste your time with this mob.

Does not recommend this card

Rates and fees

Interest rates

Purchase rate 23.99% p.a.

Cash advance rate 25.99% p.a.

Interest free period on purchases up to 90 days

Credit limits

Minimum credit limt $1,000

Maximum credit limit $50,000

Fees & repayments

Annual fee $99 p.a.

Additional card holder fee $10 p.a.

Foreign transaction fee 0%

Minimum repayment

Cash advance fee 3%

Late payment fee $35

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No


90 days interest free on all card purchases

No foreign transaction fees for online and overseas purchases


Skye Mastercard

The Skye Mastercard gives you 90 days Interest Free and no repayments on every card purchase, no foreign transaction fees for online and overseas purchases, and more. $99 annual fee. Any outstanding balance after the 90 day Interest Free and no repayment period reverts to the standard Card Purchase Rate.

Key features

  • No foreign transaction fees for online and overseas purchases
  • 90 interest free days on Card Purchases and BPAY Payments
  • Allows you to convert purchases of $250 or more to your choice of 3 Interest Free Instalment Plans.
  • $99 annual fee and $10 p.a. for additional cardholders
  • 23.99% p.a. on purchases and 25.99% p.a. on cash advance rate

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 $25,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

67 questions (showing the latest 10 Q&As)



1 December 2019
If I bought my airline tickets on skye mastercard and the airline goes bankrupt do I get th emoney back for my flights
    Roland B Bleyer - Founder


    2 December 2019
    Hi Abi, Skye has no insurance with the card. Therefore it gives no protection like this.


18 November 2019
Hi Roland - Is there such charges for currency conversion fee charges (might be different to foreign transaction fee) on Sky MC if I used for international transaction?
    Roland B Bleyer - Founder


    18 November 2019
    Hi Kalpesh, this card is supposed to have no foreign fess or currency conversion fees. Whether it’s an overseas trip or something to make life more fun, get planning with Skye Mastercard. There's no foreign transaction fees when shopping online or travelling with your Skye Mastercard and up to 110 Days Interest Free.


12 November 2019
Can I balance transfer from Skye MasterCard to another card?
    Roland B Bleyer - Founder


    13 November 2019
    Hi Jenni, yes you should be able to do a balance transfer from your Skye Mastercard. To another issuers balance transfer credit card offer.


30 October 2019
Hi, is Skye backed by one of the larger banks? or who are they owned by?
    Roland B Bleyer - Founder


    30 October 2019
    Hi Denny, Skye provided by FlexiCards Australia Pty Ltd, ABN 31 099 651 877 Australian Credit Licence number 247415. Skye is a trademark of FlexiCards Australia Pty Ltd, subsidiary of FlexiGroup Limited. This is the group backing the card.


27 October 2019
Hi, just wondering what's the exchange rate like if I want to use my skye MasterCard overseas? And I believe there'll be no fee for overseas purchases right? Can I still use the 6,9,12 months instalment plan if I use it overseas?


23 October 2019
Can I purchase anything on my Skye card?
    Roland B Bleyer - Founder


    23 October 2019
    Hi Kyrstelle, you can use anywhere that Mastercard is accepted.


21 October 2019
Hi, Can I pay payments at a Post Office please
    Roland B Bleyer - Founder


    21 October 2019
    Hi Bev, this is not possible. There are three ways that you can make repayments to your Skye Mastercard: Setting up monthly Direct Debit payments from your nominated bank account, Via BPAY and a one-time payment through Skye Self Service

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