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Skye Mastercard

Skye Mastercard

1.9 from 19 reviews

Pros

  • 90 days Interest Free on everyday purchases

  • 9, 12 or 15 month Interest Free Instalment Plans to choose from (minimum finance amounts apply)

  • No International Transaction Fees

  • Motion Code Technology

Cons

  • $99 Annual Fee

  • Establishment Fee for Interest Free Instalment Plans ranges from 3% - 5%

  • Payment Handling Fee - $0.95 charged each time a payment is made via BPAY

Details

The Skye Mastercard gives you two interest free finance options to choose from. Instead of the more common 44 or 55 interest free days, you can get up to 90 days breathing space on every card purchase. If you struggle to pay off your balance in full at the end of each statement period, this feature can help you save by reducing the amount of interest you would otherwise accumulate. This card does have a high standard purchase rate of 23.99% so if you don't pay off your balance in full within 90 days you could end up with a costly bill.

You also have the option to convert card purchases over $250 with a Skye retail partner to a long term interest free instalment plan of 9, 12 or 15 months (minimum monthly repayment applies). However, you'll have to pay a small establishment fee of 3, 4 or 5%. Keep this in mind because even if you don't have to pay interest on your purchase for a long period of time, the overall cost of your purchase will still be higher than if you pay it outright or within the 90 days interest free peiod

For overseas purchases you won't have to pay a foreign transaction fee and for added security, this card also features motion code technology. Instead of a static 3digit security code, it uses a dynamic CVV that automatically changes every hour. This feature will cost you $20.

With a 90 days interest free period, interest-free instalment options and no foreign transaction fee this card has several positive features that you may benefit from. If you choose Skye and wish to apply today, here's what you'll need:

  • Be a Permanent Australian resident
  • Earn $25,000 + p.a.
  • Clear credit file
  • Australian driver's licence, Medicare card or Australian passport
CategoryLow Rate Credit Cards
Card TypeMastercard
BenefitsNo Foreign Transaction Fee
Minimum Credit Limit $1,000
Maximum Credit Limit $50,000
Minimum Income $25,000
Additional Cardholder Fee $10 p.a.
Minimum Repayments3%
Contactless PaymentsApple Pay
Rates & Fees
Purchase Rate23.99% p.a.
Cash Advance Fee3%
Late Payment Fee$35
Annual Fee$99 p.a.
Foreign Transaction Fee 0%
Interest Free Period 90 days
Cash Advance Rate25.99% p.a.

Visit official website

Reviews

Review distribution

5 star
3
4 star
1
3 star
1
2 star
1
1 star
13

Be Careful

published

Be very careful with this company, when you try to close the account they try and talk you in to staying. Once you insist they then put you on hold for ages then come back with a lame excuse saying they cant process the payment as they are having computer troubles. This is in the hope that if you give up and call again the next day they will have received increased interest.
Dodgy, beware !!!!!

Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Card Start DateDecember 2018
Main Point of ContactOnline
Card / Account Used ForOverseas/Travel
See all answers
1 comment
Pre D.
Pre D.

Once I refused to let the consultant suggest he call me back and became very firm he finally put me on to another person who processed my payment.
Be firm if you are trying to close an account as they make it difficult for you to do so


Dani

DaniSydney, NSW

  • 2 reviews

Absolutely terrible!

published
Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card Start DateDecember 2018
See all answers
1 comment
Skye
janine l.Skye
Alireza Heravi

Alireza HeraviGreater Melbourne (Metropolitan), VIC

  • Verified customer

Dodgy system

published
Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Main Point of ContactPhone
Card / Account Used ForSpecial Purchases
See all answers
1 comment
Skye
janine l.Skye

Be aware - you cannot transfer the balance to another card!!!

published

Basically the fact is - you cannot transfer the balance to another card! So if you intend buying something over a period of time using a couple of credit cards with 0% balance transfers, be aware that Skye Card to not allow balance transfers.

Card Start DateMay 2019
Main Point of ContactOnline
Card / Account Used ForSpecial Purchases
1 comment
Skye
Lorenz Ann V.Skye

Charmaine K.

Charmaine K.South East Queensland, QLD

Repayment still pending on account after 3 days. Flawed repayment system!

published
Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card Start DateOctober 2018
Main Point of ContactOnline
Card / Account Used ForEveryday Expenses and Overseas/Travel
See all answers
4 comments
Skye
Lorenz Ann V.Skye
Charmaine K.
Charmaine K.
Charmaine K.
Charmaine K.

Unfair charges- no refund for unfair charges- still waiting for reply

published

Skye assured if I closed my account before a certain date, I wont be paying annualfee. After unfair charge , Fernando Cabilla reported unfair charge of $99 supervisor. Still awaiting refund

Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Card Start DateSeptember 2018
Main Point of ContactPhone
Card / Account Used ForOverseas/Travel
See all answers
1 comment
Skye
Lorenz Ann V.Skye

Kel

KelNorth Queensland, QLD

WARNING

published

As of the 21st of June, Lombard (flexigroup) changed to skye, cancelled a lot of peoples credit cards.
If this has happened to you, contact AFCA Australian Financial Complaints Authority and lodge a formal complaint. This formal complaint will halt any phone calls and/or legal proceedings against you until investigated. They cancelled my card due to their restructure.

Transparency
Customer Service
Rates and Fees
3 comments
Skye
Lorenz Ann V.Skye
Kel
Kel
Skye
Lorenz Ann V.Skye

Fatty

FattySydney, NSW

Promotion not honoured

published
Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card Start DateOctober 2018
Main Point of ContactOnline
Card / Account Used ForEveryday Expenses, Overseas/Travel and Special Purchases
See all answers
5 comments
Skye
janine l.Skye
Fatty
Fatty

Response sent

Fatty
Fatty

Received email from Skycard. Timer is set- 24 to 48 for a response.

Sarah T.

Sarah T.Perth, WA

Terrible service.

published

I took well over a week to get a replacement card. I had to email four times, each with different identifying information for compliance purposes. Every time I called the 24-hour line I record a voicemail saying I had called out of hours. Two weeks later and no closed to having my lost card replaced. I will be applying elsewhere before my international travel.

Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card Start DateJuly 2019
Main Point of ContactOnline
Card / Account Used ForOverseas/Travel and Special Purchases
See all answers
3 comments
Skye
janine l.Skye
Sarah T.
Sarah T.

I have forwarded all correspondence.

Sarah T.
Sarah T.

Still no resolution, have received unhelpful and rude emails, having a lot of trouble contacting anyone for help.

Stevie Q

Stevie QAdelaide

  • 5 reviews
  • 1 like

No International Transaction Fees

published

No International Transaction Fees makes this a good option but they have internal process/customer service issues that can be difficult to resolve. It should be straight forward to make repayments but there always seem to be hiccups.

Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card Start DateNovember 2018
Main Point of ContactPhone
Card / Account Used ForOverseas/Travel
See all answers
1 comment
Skye
janine l.Skye

Hayden T.

Hayden T.Illawarra, NSW

  • 4 reviews

Good benefits

published

I've had good dealings with these guys. It used to be Lombard but then became Skye. Has a good deal for Virgin Velocity Frequent Flyer points currently. Making repayments could be easier

Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Card Start DateMarch 2019
Main Point of ContactOnline
Card / Account Used ForEveryday Expenses and Special Purchases
See all answers
1 comment
Skye
janine l.Skye

CJM

CJMPerth, WA

  • 3 reviews
  • 7 likes

Avoid this skye mastercard

published

Yes, good interest free days on offer. But the ongoing problems regarding repayment after that geez wheez, was charged dishonor fee. But the money was withdrawn from other bank account to make a repayment. Contacted their customer service was like talking to a brick wall or broken record, no resolution could be reached, when insisting there is nothing wrong with their system. SO AVOID AVOID AVOID like a plague.

Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Main Point of ContactPhone
Card / Account Used ForOnline Shopping and Overseas/Travel
See all answers
5 comments
Skye
janine l.Skye
CJM
CJM
CJM
CJM

Horrible and deceptive

published

This company tripped up several times while I was with them. My statements were incorrect, my interest was calculated incorrectly, I was charged late fees when I was not late with payments and then once I payed out my account they also tried to charge me a dishonour fee due to another mistake on their end. They also do not return calls like they say they will. You have to continually follow up with any issues and expect to be transferred to many different people to try and resolve anything.
DO NOT get finance through this company

Transparency
Customer Service
Rates and Fees
Online Experience
Main Point of ContactPhone
See all answers
1 comment
Skye
janine l.Skye

Yousef

YousefSydney, NSW

  • 3 reviews
  • 4 likes

The worst company I’ve ever dealt with stay away seriously you’ll regret the decision if u take up this acocunt

published

I have contacted this company over 40 times not returning my calls no Resoultions team they block your account if your want to set up a direct debit stay away

2 comments
Skye
janine l.Skye
Yousef
Yousef
Kevin

KevinSydney, NSW

  • 7 reviews

Nothing quite like this on the market

published

Have had other credit cards before, and 90 days interest + payment free seems to be something that is unique to this product. Love the Motion Code technology too - still struggling to get my head around how they managed to pack a battery in there. Very clever indeed.

Transparency
Rates and Fees
Online Experience
Application Process
Card Start DateDecember 2018
Main Point of ContactOnline
Card / Account Used ForEveryday Expenses and Online Shopping
See all answers
1 comment
Skye
janine l.Skye
Ross

RossSydney, NSW

  • 2 reviews
  • 1 like

90 days interest free!

published

Just got this card from flight centre. I bought my tickets and accommodation to Malaysia. Because it has no commission on overseas purchases I used it over there. I reckon I saved myself $100s in commissions. Plus it’s 90 days interest free. Love it!

1 comment
Skye
janine l.Skye

Amy

AmyPerth, WA

  • 3 reviews
  • 1 like

Resolution Flop

published

Had to switch onto this card and money was withdrawn twice on a different day of my direct debit. 3 customer service calls & supervisor advice, the issue has still not been resolved.

Transparency
Online Experience
Card Start DateJune 2019
Main Point of ContactPhone
Card / Account Used ForSpecial Purchases
See all answers
1 comment
Skye
janine l.Skye

Stay away

published
1 comment
Skye
janine l.Skye

Geelong

GeelongGeelong

  • 16 reviews
  • 11 likes

A great alternative to a regular credit card

published

I signed up for the Skye card when my hot water service needed to be replaced urgently, and I needed access to interest free. It was very easy to approved over the phone. There are plenty of interest free offers that are available, or you can convert any purchase over $250 into an interest free payment plan by paying a small set up fee. I find this feature so appealing, you can spread payments over up to 15 months with a 5% set up cost or chooses smaller plans if desired. The other thing I love is that there are no fees for international transactions. There is an easy to use app so you can do everything you need on your phone, but the call centre is also super helpful if needed.

1 comment
Skye
janine l.Skye

Questions & Answers

Simon G.

Simon G.asked

Is it true that skye do not accept balance transfers to other cards. Recently tried to get another card provider to balance transfer the outstanding balance and it failed because Skye will not allow it. The T&Cs say, 'You may make repayments to us in the manner we
specify from time to time' Can you clarify what you current specify please

2 answers
Fatty
Fatty

Hi Simon, never tried to do this but it wouldnt surprise me that they dont do this

Skye
Lorenz Ann V.Skye

Hi Simon,

Thank you for your question.

Currently, Balance Transfer option is not available. This is the reason for the error. We will get in touch with you as soon as the option becomes available.

Regards,
Skye Team


Get an answer from our members and Skye representatives

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