28 Degrees Platinum MasterCard – Rates & Fees

Information verified correct on July 29th, 2016
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Shop online and make overseas purchases without paying extra fees or charges.

Made to be used overseas or at home, the 28 Degrees Platinum MasterCard offers fee-free international transactions, which can be used on a holiday or for shopping online and two cash advance fees waived if you apply and are approved by 22 September 2016. Combined with an annual fee of $0 p.a. and up to 55 days interest-free on purchases, the 28 Degrees Platinum MasterCard can stay in the wallet without burning a hole in the hip pocket.

Product Name28 Degrees Platinum MasterCard
Purchase rate (p.a.)21.99% p.a.
Offer end date22 September 2016
Annual fee$0 p.a.
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.)21.99% 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.
$6,000
Minimum Monthly Repayment2.5%
Card TypeMasterCard
Late Payment Fee$20
Foreign Currency Conversion Fee (MC)0% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
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.
Good
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.
$6,000
Annual Fee$0 p.a.
Minimum Repayment2.5%
Late Payment Fee$20
Cash Advance Fee3% of the cash advance or $4 (whichever is greater)
Overseas Cash Advance Fee3% of the cash advance or $4 (whichever is greater)
Overseas Emergency Replacement$0
Overseas ATM Balance check$0
Overseas ATM Withdrawal Fee$0
Foreign Currency Conversion Fee (MC)0% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders9

Latitude 28 Degrees Platinum MasterCard Review

Thinking of taking this card overseas? Pay 0% foreign currency conversion on international purchases and $0 for international ATM withdrawals. Additionally, new cardholders can also save with two cash advance fees waived if they apply and are approved by 22 September 2016.

This is a favourite credit card for the international traveller, because unlike many credit cards on the market there are no extra charges when the card is used outside of Australia. Cardholders pay 0% for foreign currency conversion, significantly lower than the industry average of 3% of the total cost of the transaction (this fee will not exceed $30 for that transaction if the cash advance is made by a direct transfer to a bank account nominated by you).

Benefits of the 28 Degrees Platinum MasterCard

  • Waived cash advances fees. Get the first two cash advance fees waived up until 31 December 2016, if you apply and are approved before 22 September 2016.
  • No currency conversion fees. There are no additional fees and charges when this card is used to make a purchase from an overseas merchant.
  • No international ATM withdrawal fees. $0 international ATM withdrawal fee.
  • MasterCard acceptance. As this is a MasterCard, it can be used at tens of millions of locations in Australia and abroad. Just look for the MasterCard logo at an ATM, over the counter or on the payment page of the merchant’s website.
  • Up to 55 days interest-free on purchases. This card also offers up to 55 days interest-free on purchases, which is ideal considering the purchase rate is comparable to the cash advance rate of interest. A 21.99% p.a. purchase rate of interest is a little high compared to low rate and low fee products, but if repayments are made to the account within the interest-free period, the purchase rate of interest is irrelevant as no interest will be charged on everyday purchases made on the card.

Thinking of taking this card overseas?

  • Make purchases overseas with no fees. The 28 Degrees MasterCard has no fees or charges for making purchases overseas, making this an ideal option for a travel credit card.
  • Annual fee. $0 annual fee for every year using this card.
  • Interest-free days on purchases. Take advantage of up to 55 interest-free days and purchase with zero interest overseas. You will receive interest-free days when you pay your closing balance in full by the due date of your statement.
  • Purchase rate. The purchase rate is 21.99% p.a. and is charged when you are carrying an outstanding purchase debt.
  • PayPass payment technology. Make payments the faster way for purchases under $100, allowing you to make contactless payments with MasterCard PayPass contactless technology.
  • Cash advance rate. The usual cash advance fee is 3% of the cash advance or $4 (whichever is greater) and is charged when the card is used to withdraw money from an ATM. Interest on cash advances will apply at 21.99% p.a. charged from the date of the cash advance.

How to apply for the 28 Degrees Platinum MasterCard

To apply for the 28 Degrees Platinum MasterCard, simply complete an online application. The application will only take ten minutes to complete. Once completed, 28 Degrees will send a confirmation to let you know whether the application has been approved, declined or conditionally approved.

Application criteria

Make sure you meet the following requirements before applying:

  • Applicants need to be over the age of 18.
  • Applicants must be a permanent residents of Australia, temporary residents and people visiting Australia on a long-stay visa are not eligible to apply for this product.
  • You’ll need to qualify for a credit limit. After this you can apply to have your credit limit reduced.

Required documents

  • A drivers licence, passport or proof of age card
  • Details about income, assets and liabilities
  • Employer’s details including address and contact number
  • Email address

Questions our users have asked about the 28 Degrees MasterCard

We’ve answered the most frequently asked questions about the 28 Degrees MasterCard from our users. If you still have a question please leave a comment in the box below.

Can I load my 28 Degrees MasterCard in credit to avoid being charged the cash advance interest rate?

Prepaying funds to your 28 Degrees MasterCard into a positive ‘credit balance’ is allowed. The cash advance interest rate will not be charged on ATM withdrawals if your account is in a credit balance, however the cash advance fee of 3% or $4 will still be charged on any ATM withdrawals. It is important to note local ATM fees may also apply.

To load your account in credit, simply deposit funds from a bank account to your 28 Degrees MasterCard via BPAY. You will need to repay any outstanding credit card debt in order to reach a credit balance.

What exchange rate will I receive when using this travel credit card overseas?

Any transactions made in a foreign currency will be converted at the daily MasterCard exchange rate. To find out the exchange rate for your destination, select the base currency as ‘AUD’ and the full list of exchange rates will be provided for the specified date.

MasterCard exchange rates

Does the pre-loaded AUD automatically convert to the currency of your current destination?

Yes. MasterCard will convert your AUD to the domestic currency at the daily exchange rate with 0% conversion fee.

Are there any fees or charges for making purchases overseas?

There are no fees or charges for making purchases overseas or online (in a foreign currency), making the 28 Degrees MasterCard ideal for travelling or online purchases. You can also take advantage of up to 55 interest-free days to make purchases with zero interest whilst travelling.

Which banks will accept the 28 Degrees MasterCard overseas?

To find out which banks you can withdraw from at your travel destination, use the Global ATM Locator from MasterCard.

Can you use the 28 Degrees MasterCard in China?

Yes. Banks which accept MasterCard include the Bank of China, Bank of Beijing, Standard Chartered, Travelex, China Merchant Bank and Industrial and Commercial Bank of China.

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216 Responses to 28 Degrees Platinum MasterCard – Rates & Fees

  1. Default Gravatar
    nq | July 19, 2016

    why this 28 degree card can’t be used to do shopping in changchun city and shengyang city in CHINA. it was tried in a few biggest shops in these cities .

    • Staff
      May | July 21, 2016

      Hi NQ,

      Thanks for your comment.

      As 28 Degrees Platinum is a MasterCard, should be able to use it at millions of locations in Australia and overseas including China. You can access cash at ATMs or pay at the shopping terminals with MasterCard logo.

      For your further information, you can withdraw cash from your 28 Degrees Platinum card from Bank of China, Bank of Beijing, Standard Chartered, Travelex, China Merchant Bank and Industrial and Commercial Bank of China – all these have MasterCard logo.

      Cheers,
      May

  2. Default Gravatar
    syed | June 19, 2016

    hi,i am in australia a month after how long i can apply cor this card
    thanks

    • Staff
      Anndy | July 8, 2016

      Hi Syed,

      Thanks for your question.

      It will just take about 10-15 minutes to complete your application online. Once approved, you will typically receive your credit card within 1-2 weeks.

      Please note that you need to be over 18 years old and must be a permanent resident of Australia to be eligible to apply for this card.

      Cheers,
      Anndy

  3. Default Gravatar
    Romina91 | June 18, 2016

    Hi
    I am going to Europe for 5 weeks and will be using my 28 degrees card

    Do I need to notify you of this?

    • Staff
      Ysa | June 22, 2016

      Hi Romina,

      Thanks for your question.

      Please note that you have come through finder.com.au, an online comparison service, and is not directly affiliated with 28 Degrees.

      However, it would be best to notify your credit card issuer before travelling to Europe. Usually, the issuer will require you to provide your contact information, destination and travel dates. Please refer to the contact details I have forwarded to your email.

      I hope this helps.

      Cheers,
      Ysa

  4. Default Gravatar
    Coco | June 10, 2016

    Hi,

    I was just wondering what is the currency conversion rate for when you use the card oversea?

    • Staff
      May | June 10, 2016

      Hi Coco,

      Thanks for your inquiry.

      The rate for the currency conversion would depend on the foreign exchange rate on the day you make a transaction. For your convenience and reference, I have emailed the MasterCard Currency Conversion tool.

      Hope this helps.

      Cheers,
      May

  5. Default Gravatar
    Yosl | May 31, 2016

    If I withdraw foreign cash from an ATM can I avoid an interest charge if my card account is in credit?

    • Default Gravatar
      Dave | June 4, 2016

      With the 28 Degrees Platinum Card can we set up a direct debit payment method for the entire amount owing at the end of each statement period?

    • Staff
      May | June 7, 2016

      Hi Dave,

      Thanks for your inquiry.

      Yes, you can. To set-up an automatic direct debit, simply complete the direct debit request form – I’ve sent to your email the form. After filling out, return the form to 28 Degrees – the address can also be found on the top-most right corner of the form.

      I hope this helps.

      Cheers,
      May

    • Staff
      May | June 1, 2016

      Hi Yosl,

      Thanks for your question.

      If you preload the 28 Degrees MasterCard account with a positive balance you won’t get charged interest on purchases and cash withdrawals as you’re using your own money. However, the card will still attract a cash advance fee when withdrawing funds from ATMs.

      Cheers,
      May

  6. Default Gravatar
    trevor | May 15, 2016

    with the 28 Degrees platinum mastercard can I get a supplementary card for my wife with no annual fee also?

    • Staff
      Sharon | May 16, 2016

      Hi Trevor,

      Thanks for your inquiry.

      You can add up to 9 additional cardholders without paying additional fees.

      Cheers,

      Sharon

  7. Default Gravatar
    RH | May 12, 2016

    I am a 28 degree card holder. I checked my transaction online and found out there was a fraudulent transaction. So I called 28 degree and lodged a claim dispute.

    Subsequently I received a text message from 28 degree advising “security code to complete online purchase”. I then logged in my account and found out there was a pending transaction (in addition to the previous fraudulent transaction). I immediately called 28 degree card informing them that was a fraudulent transaction and asked them to STOP the transaction. They told me it was a “pending” transaction and I could lodge a claim dispute AFTER the transaction has been completed. I immediately request to block my card.

    10 hours later I received another “security code” text to complete online purchase. I immediately call 28 degree. They said I should not be alarmed as there maybe some computer cliche and time delayed in sending such text. I immediately cancel my card. I also lodged claim dispute for these fraudulent transactions.

    It appears when you find a “pending” fraudulent transaction, you can not stop the transaction. The way 28 degree card is to have the fraudulent transaction completed, then you can lodge a dispute. And it can take up to 45 days to resolved such “dispute”.

    I did everything I could as a card holder. Check transaction regularly, immediately report fraudulent transaction, block the card and even cancel the card. These fraudulent transactions were still approved by 28 degree. It will take up to 45 days to resolve the dispute. So by the time I receive statement and payment due, the dispute would still be pending.

    My question is: Do I still have to pay for these when the statement arrives and wait for credit back when the dispute is resolved? Thanks.

    • Staff
      May | May 12, 2016

      Hi RH,

      Thanks for your question.

      While a dispute is under investigation, you should continue with your payments as normal in order to avoid late fees or added interest. You may like to do a further reading of our article and get some important tips about how to reverse a credit card transaction here.

      I hope this has helped.

      Cheers,
      May

  8. Default Gravatar
    Trevor | April 26, 2016

    Travelling overseas wanting to know do you have partners for using ATMs or are they all the same. Do I just look for the MasterCard sign?

    • Staff
      May | April 26, 2016

      Hi Trevor,

      Thanks for your question.

      You have come through to finder.com.au we are a financial comparison website and general information service and we do not represent any credit card company like 28 Degrees.

      Yes, as 28 Degrees is a MasterCard, it can be used at several locations abroad. Just look for the MasterCard logo at an ATM, over the counter or on the payment page of the merchant’s website.

      I hope this has helped.

      Cheers,
      May

  9. Default Gravatar
    Julie | April 20, 2016

    Your website advertises zero fees and yet we are charged a $4.95 per month account service fee. Other Banks do not charge a service fee. Why should I keep my GoCard?

    • Staff
      May | May 6, 2016

      Hi Julie,

      Thanks for your inquiry.

      Just to confirm, though, that you’ve come through to finder.com.au, we are an Australian financial comparison website and general information service and we don’t represent any credit card company such as 28 Degrees.

      Whilst a number of benefits that the 28 Degrees MasterCard offers such as no annual, overseas emergency replacement, overseas ATM balance check, overseas ATM withdrawal, foreign currency conversion and additional cardholder fees, this card, however, may also impose fees and charges in connection with (a) the credit contract; (b) the use of a card; (c) any transaction concerning the account; or (d) the provision of credit to you under the credit contract.

      For your reference and further information about the 28 Degrees’ fees and charges, I’ve forwarded to your email the link to their Conditions of Use and Credit Guide.

      I hope this has helped.

      Cheers,
      May

  10. Default Gravatar
    Bill | April 14, 2016

    If I use an ANZ Platinum Visa Card to purchase goods or a service and the goods or service is not provided, I believe I can claim the funds back from ANZ Platinum Card. This is covered in its Disputing a Transaction brochure.

    Does the same apply for the 28 Degrees Platinum Card. I rang them and a representative said the same applies for the 28 Degrees Platinum Card and said it was covered in its Conditions of Sue booklet. However, I cannot locate anything in this booklet.

    Also, does this protection apply to all credit cards?

    • Staff
      Anndy | April 14, 2016

      Hi Bill,

      Thank you for getting in touch. Please note that finder.com.au is a financial comparison and information service and is not a representative of any credit card company.

      Yes, if you have a 28 Degrees Platinum MasterCard, you can file a transaction dispute in case the goods or services are not received/rendered. You can use the link I sent to your email as a reference.

      Other credit card companies may have their own rules on filing transaction disputes.

      I hope this answers your question.

      Cheers,
      Anndy

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