Ask Roland a Question

Hi, I’m the site founder and I will personally answer your question within a business day.

By submitting this question you agree to our privacy policy.

N/A
Skye Mastercard
Skye Mastercard

Skye Mastercard

Updated 10 January 2020

Purchase Rate (p.a)

23.99%

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$99

$0

My transfer amount

Balance transfer from:

My annual fee

My interest rate

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

Creditcard.com.au review

Editor Review

Skye Mastercard

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. 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 84 Creditcard.com.au user reviews )

26% rating based on 84 reviews

Rates
Fees
Rewards
Customer Service
Value
72%

Cang

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
0%

Adrian

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

Extras

90 days interest free on all card purchases

No foreign transaction fees for online and overseas purchases

Overview

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 Creditcard.com.au 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.

75 questions (showing the latest 10 Q&As)

John

John

22 January 2020
Hi Roland , application number XXXXX just wondering how the application is going after i have sent an email with bank statement?
Katrina

Katrina

16 January 2020
Hi, I had money taken out on 16.01.2020 when we arranged it for the 16.02.2020 and I hope to get a refund on this one
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    17 January 2020
    Hi Katrina, I suggest you reach out to Skye Mastercard customer service on this.
Ravi

Ravi

15 January 2020
Roland - Here comes a big issue for your company. You have accused me of defaulting a payment. I don't have a CC with your company. Your fraud Dept has been unable to respond and resolve it. My requests to contact your Internal resolution team and resolve it has not been heard. You have referred me to ARMA instead after sending you emails to resolve it as I NEVER had a Skye CC. I am being forced to take this legally where you are liable for paying me a compensation for wrongly accusing me of defaulting a payment and causing me issues with my Credit Reporting. It will be turning the other way round in a day or two
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    15 January 2020
    Hi Ravi, sorry to hear about your problems with Skye Mastercard. We have no relationship with Skye and are a credit card comparison site. Sounds like you are a in a hard place with them. Have you reached out to https://www.afca.org.au/. They are the organisation that provide independent dispute resolution for financial complaints. Best of luck with resolving the problem.
Joe

Joe

5 January 2020
When I go to set up a one time payment via direct debit, it asks for me to input my BSB and Acc No from the bank account I wish to pay with. Is it as simple as that, theres nothing further I need to do to make a payment? As long as my full name linked to my bank account matches the full name under my skye account? Also, do you know how long it takes for the payment to come out from when I set this up?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 January 2020
    Hi Joe, I am not completely familar with the Skye Mastercard system. I would assume that you just need to supply the bank details that you mention. Then that would be enough for them to take the payment out. I would assume up to 3 working days to be safe for the payment to come out. You can arrange for auto-direct debit that will clear you balance each month from an arranged account.
Joe

Joe

29 December 2019
If I have purchases on my card and also cash advances, would a payment contribute towards the items attracting the most interest first?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 December 2019
    Hi Joe, any payment will go off the highest interest bearing amount first.
Dulcie

Dulcie

25 December 2019
Can i find out what my CCV number is if I don't have my skye card wirh me ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    27 December 2019
    Hi Dulcie, this card has a dynamic CCV. That means that it changes. You need to have your card on you to see what it is.
Zoe

Zoe

24 December 2019
Why are there so many bad reviews?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    27 December 2019
    Hi Zoe, we get a heap of them. The customer service seems to be have been poor and causing people problems.
Simmo

Simmo

11 December 2019
I am a very very very unhappy customer I have been calling and emailing for a month now and no response. I have sent 3rd party authority form 2 times and you now have put my card on stop and I can't use the funds to book a flight for my in-law funeral on Friday. Your customer service team are so in professional and incompetent and keep asking for me to send you a certified copy of my licence. I have 15K credit on the account you approved me over a year ago for a fully ducted Aircon installation that was done last October 2018. All because my wife rang advising you that you have over charged us on the interest on this account and now the a account is on hold and can't be used. This is an absolute joke and I expect a response as to why emails are not read and you don't action things. No good telling your non speaking customer service team sorry you have to send your licence to us to the customer@flexicards.com.au email and you will get this matter resolved in 24-48 hours. Its been a month not sure what more can be done I guess social media and 2GB may be able to assist me in getting my account taken of hold as you think I may be a transgender imposter pretending to have an account and stole my own card. Lets see if I can get a response now from anyone in this company that has some common sense and intelligence.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 December 2019
    Hi Simmo, we are not Skye Mastercard or FlexiGroup how issue the card. We are a credit card comparison website. Unfortunately you will have to reach out and deal with the issuer directly. Sounds like the card needs to be cancelled. Then you can look at another bank that will provide you with the customer service you are after.
Abi

Abi

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 - CreditCard.com.au Founder

    Roland

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

Kalpesh

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 - CreditCard.com.au Founder

    Roland

    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.
Jenni

Jenni

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

    Roland

    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.
Denny

Denny

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

    Roland

    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.
Yenny

Yenny

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?
Krystelle

Krystelle

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

    Roland

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

BEV

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

    Roland

    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

Similar Credit Cards

Help us improve

By submitting this feedback you agree to our privacy policy.

My credit card is not listed

By submitting this form you agree to our privacy policy.