YBR Empower Platinum Card

Information verified correct on September 28th, 2016

Earn 1% cashback on purchases and pay 0% p.a. interest for 6 months on balance transfers.

The YBR Empower Platinum Card comes with a distinct rewards program that lets you earn cashback of 1% of your purchases. This card comes with a 0% p.a. balance transfer rate that stays in place for the first 6 months, it offers cardholders access to a platinum concierge service, and cardholders get a range of other privileges as well.

Product NameYellow Brick Road Empower Platinum Card
Balance transfer rate (p.a.)0% p.a. for 6 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (20.7% p.a.)
Purchase rate (p.a.)20.70% p.a.
Annual fee$99 p.a. annual fee for the first year ($129 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.95% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Minimum Monthly Repayment2.5% or $50 whichever is greater
Minimum Income$30,000
Card TypeMasterCard
Late Payment Fee$35
Foreign Currency Conversion Fee (VISA)3% of transaction value
Complimentary Travel Insurance Cover0 months
Available To Temporary ResidentsNo
Minimum Income$30,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Annual Fee$99 p.a. annual fee for the first year ($129 p.a. thereafter)
Minimum Repayment2.5% or $50 whichever is greater
Late Payment Fee$35
Over Limit Fee$30
Cash Advance Fee$5 or 3%, whichever is greater
Foreign Currency Conversion Fee (VISA)3% of transaction value
Additional Cardholder Fee$29 p.a.
Number of Additional Cardholders4

YBR Empower Platinum Card Review

This card is an option for people who’re looking for credit cards that offer cash rewards. It can also be useful if you want a card that comes with an introductory interest rate offer on balance transfers. A global platinum concierge service is at your disposal 24/7, and can offer assistance in realms as varied as entertainment and business. If you get this card linked to a YBR mortgage, you can also look forward to paying a discounted annual fee.

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Benefits of the YBR Empower Platinum Card

  • Balance transfer offer

    Pay down debt from existing credit cards and take advantage of a 0% p.a. that stays in place for 6 months. If you use this card to transfer balances from cards that charge higher interest rates you can save significantly.

  • Cash rewards

    The 1% cashback offer translates into $10 in cash rewards for every $1,000 you spend. Redeeming cashback credits is automatic and takes place in $100 increments. You can get these credits paid to your credit card account, your YBR Empower variable rate mortgage, or your YBR Cash Manager account.

  • Priceless Cities

    This service is particularly useful if you live in Sydney or are visiting. You get access to premium reserved seating, fast-track access, and pre-booked ticketing. Offers range from entertainment and hotels to shopping and dining.

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YBR Empower Platinum Card Features

  • Annual fee - In the first year you’ll be charged $99 to hold this card, and you have to pay an annual fee of $129 for all subsequent years. If you have a mortgage-linked platinum card, the first year’s annual fee is $99, and the ongoing annual fee for the following years is $129
  • Balance transfer offer - If you use this card to transfer balances from existing cards you get to keep paying 0% p.a. interest for the first 6 months, which begins from the date of the card’s approval.
  • MasterCard Privileges - This service provides cardholders access to a wide range of local and global experiences spread across entertainment, shopping, dining, and travel.
  • Interest-free days - If you pay the account’s closing balance completely at the end of each billing cycle, before the given due date, you can get as many as 55 interest-free days on purchases.
  • Concierge service - The 24/7 platinum concierge service can assist you in more ways than one. You can use it to book flight tickets, reserve tables at restaurants, make hotel reservations, organise gifts, book tickets to different types of events, and much more.
  • Additional cardholders - You can get up to 4 additional cards, and each card attracts an additional cardholder fee of $29. If your primary YBR Empower Platinum Card is mortgage-linked, you don’t have to pay any additional card fee.
  • PayPass - With this technology, you can make contactless payments of under $100 at any merchant that displays the PayPass logo.
  • Fraud Protection - SecureCode monitors your account for suspicious online activity, so you know that every online transaction making use of your card details is secure. MasterCard Zero Liability is in place so you don’t have to take liability for any unauthorised transactions.
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How to apply for the YBR Empower Platinum Card

Completing the online application should take around 10 minutes, and to get started simply click on the ‘Go to Site’ button.

Before you begin, make sure you meet the following application criteria:

  • You’re a permanent Australian resident
  • You’re at least 18 years old
  • You earn at least $30,000 as taxable income
  • You don’t have poor creditworthiness

Completing the application requires that you part with different types of information, so keep the following handy:

  • Your Australian driver’s license number, if you have one
  • Contact details of your current employer
  • Details of annual salary
  • Your monthly expenditure
  • Your accountant’s contact details, if you’re self-employed or retired

While the cashback that this credit card offers in the form of rewards is a plus, know that there are other cards that offer cash rewards and other similar features. So, take some time to compare a few before applying to ensure you get the right card for your needs.

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Credit Cards Comparison

Rates last updated September 28th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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