Transfer points to a range of airline programs or redeem your points for travel, cashback, gift cards, retail rewards and shopping gift cards.
You can get flights via Velocity, Krisflyer, Virgin Australia Vouchers, Harvey World Travel vouchers or TakeFlight.
Bonus points available at selected merchants.
Privileges
Travel Accident Insurance
Purchase Protection
Value of rewards points
Example reward
You'd need to spend
$100 gift card
$17,200
$100 cash back
$20,000
Flight: Sydney-Melbourne
$14,700
Flight: Sydney-London
$187,500
Points are capped?
at $60,000 pa
Points expire?
Never
Details behind our 'value of rewards' calculations
Points earning
1.0 points per dollar on MasterCard, up to 60000 points per year
$100 gift card
17200 points buys a Myer $100 Gift Card
$100 cash back
20000 points buys a $100 credit
Flight: Sydney-Melbourne
1 points buys 0.66666667 Velocity Points; 9800 Velocity Points buys a Virgin Australia Syd-Mel flight
Flight: Sydney-London
1 points buys 0.66666667 Velocity Points; 125000 Velocity Points buys a Velocity partner London flight
(how did we do it? find out...)
Rewards scheme
Points are automatically credited to Qantas Frequent Flyer Program.
All rewards are redeemed via Qantas Frequent Flyer
Bonus points available at selected merchants.
Privileges
Travel Accident Insurance
Purchase Protection
Value of rewards points
Example reward
You'd need to spend
Flight: Sydney-Melbourne
$12,850
Flight: Sydney-London
$128,000
$100 gift card
$13,500
Points are capped?
at $60,000 pa
Points expire?
Never
Details behind our 'value of rewards' calculations
Points earning
1.0 points per dollar on MasterCard, up to 60000 points per year
Flight: Sydney-Melbourne
12850 points buys a Qantas Syd-Mel flight
Flight: Sydney-London
128000 points buys a Qantas London flight
$100 gift card
13500 points buys a Myer $100 Gift Card
(how did we do it? find out...)
Rates
Purchase rate
19.49%
Intro purchase rate
none
Balance transfer rate
1.90% for 6 monthsand then 20.49%
Balance transfer term
6 Months
Balance transfer revert to cash
yes
Cash advance rate
20.49%
Interest free days
55
Other financial bits
Minimum repayment amount
$30.00
Minimum repayment percent
2.0
Fees
Annual card fee
$99.00
Introductory fee
none
Annual fee spend threshold
none
Reward program fee
$
Late payment fee
$10.00
Overlimit fee
$40.00
Cash advance fee
$2.7% or $2.70
Foreign exchange margin
3.40%
Duplicate statement fee
$7.00
Transaction verification fee
$15.00
Additional card fee
$15.00
Establishment fee
$
Features
Additional cardholders
1
Other restrictions
none
Other benefits
none
Rates
Purchase rate
19.49%
Intro purchase rate
none
Balance transfer rate
1.90% for 6 monthsand then 20.49%
Balance transfer term
6 Months
Balance transfer revert to cash
yes
Cash advance rate
20.49%
Interest free days
55
Other financial bits
Minimum repayment amount
$30.00
Minimum repayment percent
2.0
Fees
Annual card fee
$118.00
Introductory fee
none
Annual fee spend threshold
none
Reward program fee
$
Late payment fee
$10.00
Overlimit fee
$40.00
Cash advance fee
$2.7% or $2.70
Foreign exchange margin
3.40%
Duplicate statement fee
$7.00
Transaction verification fee
$15.00
Additional card fee
$15.00
Establishment fee
$
Features
Additional cardholders
1
Other restrictions
none
Other benefits
none
About IMB
IMB is one of Australia’s largest building society servicing the lower east coast of Australia. IMB’s better value banking offers its customers lower cost banking and secure services. IMBs’ face-to-face facilities allow them to offer a more personalised service in taking care of the IMB community. IMB offers a range of products including insurance, business banking, term deposits, saving & transaction accounts and home & personal loans.
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