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Skye Mastercard

58 reviews

Purchase rate

23.99% p.a.

Balance transfer

N/A

Annual fee

$99 p.a.
99% Complete (success)

Pros

90 days interest free on every card purchase (excluding cash advances)

Any purchases of $250 or more can be converted to a SkyePlan, giving you 9, 12 or 15 months interest free.

No foreign transaction fees

Cons

High standard interest

No rewards

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
10% of customers who have rated this card would recommend it
  • Rates
    29%
  • Fees
    33%
  • Rewards
    N/A
  • Customer Service
    20%
  • Value
    19%
Overall user rating 28%
58 reviews

72% Cang

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

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

Interest Rates
Purchase rate 23.99% p.a.
Cash advance rate 25.99% p.a.
Interest free on purchases up to 90 days
Balance Transfer
Credit limits
Minimum credit limit $1,000
Maximum credit limit $50,000
Fees & repayments
Annual fee $99 p.a.
Additional cardholder fee $10 p.a.
Cash advance fee 3%
Foreign transaction fee 0%
Late payment fee $35
Credit card type Mastercard
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No
Extras
90 days interest free on all card purchases
No foreign transaction fees for online and overseas purchases

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.

48 questions (showing the latest 10 Q&As)

Aly

Aly

18 August 2019
I want to buy a digital product online. Can I use my card to make $2500 purchase on interest free. What it the term?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 August 2019
    Hi Aly, If it's $250 or more it's eligible for conversion to a SkyePlan. Login to Skye Self Service within 30 days of making your eligible purchase and convert your purchase to your chosen SkyePlan. The selected Interest Free instalment amount will then be debited to your account each month over the selected term. You can go up to 15 months at a 5% fee for doing so.
Cherie

Cherie

12 August 2019
Online it says the 99.00 annual fee is wavered for a new card holders first year but i have been chrged the 99.00 on my first statement. Why?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 August 2019
    Hi Cherie, looks like they have recently removed this incentive to sign up. Checking on the Skye Mastercard site. Annual Fee $99. Charged at the time the first debit is charged to your Skye Account and annually on the anniversary of that day.
Arielle

Arielle

12 August 2019
I have a bill to pay. How do i use my CC? and then add it to a payment plan thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 August 2019
    Hi Arielle, Make your purchase using your Skye Mastercard. If it's $250 or more it's eligible for conversion to a SkyePlan. Login to Skye Self Service within 30 days of making your eligible purchase and convert your purchase to your chosen SkyePlan. The selected Interest Free installment amount will then be debited to your account each month over the selected term.
Elena

Elena

11 August 2019
How do i apply!
ROWENA CAMAGAY

ROWENA CAMAGAY

5 August 2019
i want to look at my account skye mastercard
Pat

Pat

31 July 2019
why does the criteria not state that you must be an employee or self employed with an income in excess of $25000
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    1 August 2019
    Hi Pat, we do have on our page that the minimum income is $25,000 a year for this card. Also I just checked the Skye Mastercard website. They clearer state when you click the apply button who can apply. 18+ years old, Earn $25,000+ pa, Permanent Australian resident and a Clear credit file. Information needed: Email address, Mobile phone, Australian driver's licence or Australian passport (mandatory) and Medicare card (optional).
Tobes

Tobes

29 July 2019
Hi - wondering, if I use my Skye card to pay a bill on bpay, is that counted as a 90 day interest free purchase or a cash advance?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 July 2019
    Hi Tobes, it should be a purchase and thus have 90 days interest free. Though it will depend on how the bpay is handled. Reach out to the bpay company you are making a payment 2. Check to see if they consider a bpay from credit card a purchase or cash advance. Most are a purchase but some companies make any credit card bpay a cash advance.
Babs

Babs

27 July 2019
Can you buy an online ticket with skye mastercard for interest free period of 9 months
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 July 2019
    Hi Babs, SkyePlans can be used for any purchase over $250. They do charge an establishment fee which effectively some interest. Review the plans here - https://www.skyecard.com.au/skyeplans
  • Be over 18 years old
  • Good credit and 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
Skye Mastercard
Skye Mastercard

Skye Mastercard

Updated 13 August 2019

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

  • 90 days interest free on every card purchase (excluding cash advances)
  • Any purchases of $250 or more can be converted to a SkyePlan, giving you 9, 12 or 15 months interest free.
  • No foreign transaction fees

  • High standard interest
  • No rewards

Creditcard.com.au review

Editor Review

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 58 Creditcard.com.au user reviews )

28% rating based on 58 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 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

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover 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.

48 questions (showing the latest 10 Q&As)

Aly

Aly

18 August 2019
I want to buy a digital product online. Can I use my card to make $2500 purchase on interest free. What it the term?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 August 2019
    Hi Aly, If it's $250 or more it's eligible for conversion to a SkyePlan. Login to Skye Self Service within 30 days of making your eligible purchase and convert your purchase to your chosen SkyePlan. The selected Interest Free instalment amount will then be debited to your account each month over the selected term. You can go up to 15 months at a 5% fee for doing so.
Cherie

Cherie

12 August 2019
Online it says the 99.00 annual fee is wavered for a new card holders first year but i have been chrged the 99.00 on my first statement. Why?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 August 2019
    Hi Cherie, looks like they have recently removed this incentive to sign up. Checking on the Skye Mastercard site. Annual Fee $99. Charged at the time the first debit is charged to your Skye Account and annually on the anniversary of that day.
Arielle

Arielle

12 August 2019
I have a bill to pay. How do i use my CC? and then add it to a payment plan thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 August 2019
    Hi Arielle, Make your purchase using your Skye Mastercard. If it's $250 or more it's eligible for conversion to a SkyePlan. Login to Skye Self Service within 30 days of making your eligible purchase and convert your purchase to your chosen SkyePlan. The selected Interest Free installment amount will then be debited to your account each month over the selected term.
Elena

Elena

11 August 2019
How do i apply!
ROWENA CAMAGAY

ROWENA CAMAGAY

5 August 2019
i want to look at my account skye mastercard
Pat

Pat

31 July 2019
why does the criteria not state that you must be an employee or self employed with an income in excess of $25000
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    1 August 2019
    Hi Pat, we do have on our page that the minimum income is $25,000 a year for this card. Also I just checked the Skye Mastercard website. They clearer state when you click the apply button who can apply. 18+ years old, Earn $25,000+ pa, Permanent Australian resident and a Clear credit file. Information needed: Email address, Mobile phone, Australian driver's licence or Australian passport (mandatory) and Medicare card (optional).
Tobes

Tobes

29 July 2019
Hi - wondering, if I use my Skye card to pay a bill on bpay, is that counted as a 90 day interest free purchase or a cash advance?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 July 2019
    Hi Tobes, it should be a purchase and thus have 90 days interest free. Though it will depend on how the bpay is handled. Reach out to the bpay company you are making a payment 2. Check to see if they consider a bpay from credit card a purchase or cash advance. Most are a purchase but some companies make any credit card bpay a cash advance.
Babs

Babs

27 July 2019
Can you buy an online ticket with skye mastercard for interest free period of 9 months
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 July 2019
    Hi Babs, SkyePlans can be used for any purchase over $250. They do charge an establishment fee which effectively some interest. Review the plans here - https://www.skyecard.com.au/skyeplans

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