It is a period of time in which you do not have to pay any interest on your Skye purchase. Interest is payable on any balance outstanding after the Interest Free Term at the Expired Promotional Rate applicable to your Skye account.

Anyone can apply for a Skye Mastercard® as long as they are;
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18+ years old
Earn $25,000+ p.a.
An Australian citizen or permanent resident of Australia
Clear credit file

Yes, fees do apply including a $99 Annual Fee charged at the time the first debit is charged to your Skye Account and annually on the anniversary of that day. Annual Fee must be paid in full within Interest Free period or it will attract interest. If you do not meet the Interest Free Criteria the Annual Fee will attract interest from the date the Annual Fee is debited to your Skye Account. Minimum monthly repayment required.

Yes. The next time you wish to shop and take advantage of an Interest Free offer at participating Skye retailers, simply have your Customer ID handy, and present this to the sales consultant. Your Customer ID can be found on the back of you Skye Mastercard.
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The store will process an additional purchase for you. For all other purchases at non-Skye retailers, simply use your Skye Mastercard to make your purchase to take advantage of 90 days Interest Free and no repayments on every Skye purchase.

You can apply for a credit limit up to $50,000. Your eligibility for credit is subject to Skye lending criteria and a credit assessment.

Yes – through Skye Self Service. If you haven’t already registered for Skye Self Service, and you’d like to, visit skyecard.com.au and click ‘Login’ to register.

There are three ways that you can make repayments to your Skye Mastercard:
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Setting up monthly Direct Debit payments from your nominated bank account
Via BPAY
A one-time payment through Skye Self Service.

The minimum payment for each statement period that you must pay is the greater of:
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3.00% of the Eligible Unpaid Balance at the date of the statement; or$30.00. However, if the Eligible Unpaid Balance is less than $30.00, you must pay that amount in full.

You must also pay:
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overdue repayments plus the amount (if any) by which the Unpaid Balance exceeds your credit limit; and
scheduled Installment Repayments (if any) you have agreed with Skye at the times agreed with Skye.

An email notice that your statement is available in Skye Self Service will be sent to you two weeks before your minimum monthly payment is due.
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You can elect to receive paper statements but please note that there is a $2.50 paper statement fee that is charged for each paper statement we provide you.

If you are having any concerns or difficulties in making your minimum monthly repayments or immediately paying any overdue amounts, please contact Skye immediately on 1300 115 533.

After your Skye account is paid in full, you can request to close your Skye account by contacting Skye on 1300 115 533.

Customers who pay out their account before the Interest Free period do not incur an early payment fee. It's completely up to you if you want to pay the loan out sooner or later.

BPAY payments can be made through your financial institution to repay your Skye account.
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To make a payment via BPAY you will need the following information;
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Skye Mastercard BPAY Biller Code: 287714
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Reference Number: You can find your unique Reference Number in the ‘Payments’ section in your Skye Self Service account or on the second page of your statement.

To set up a recurring Direct Debit you will need to complete the Direct Debit Request form. You will be able to set up either:
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A minimum monthly payment; or
A fixed monthly payment

Please note that Direct Debits can only be set up on a monthly basis. Payments will only be taken on the due date of the account.

Yes. If you make a one-time payment your recurring Direct Debit payment will still be taken. Once you have set up a recurring Direct Debit, this will automatically be taken on a monthly basis.