28 Degrees Platinum MasterCard – Rates & Fees

Information verified correct on May 27th, 2016
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Shop online or overseas without paying extra for purchases.

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. 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.
Annual fee$0 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you dont 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  foreign currency conversion on international purchases and  for international ATM withdrawals.

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 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

  • 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.
  • 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. international ATM withdrawal fee.

Features of the 28 Degrees Platinum MasterCard

  • Annual fee. annual fee for every year using this card.
  • Interest-free days on purchases. Receive up to 55 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.
  • Cash advance fee. The cash advance fee is 3% of the cash advance or $4 (whichever is greater), is charged when the 28 Degrees Platinum MasterCard is used to withdraw money from an ATM. This fee is charged regardless of whether or not the account has a positive balance, which is when money is deposited onto the card to take it into ‘credit’. Some of the sting of withdrawing money from an ATM is taken away by the charged for international ATM withdrawals.
  • PayPass payment technology. Make payments the faster way for purchases under $100, allowing you to make contactless payments with MasterCard PayPass contactless technology.
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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.

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
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.
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204 Responses to 28 Degrees Platinum MasterCard – Rates & Fees

  1. 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

  2. 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

  3. 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

  4. 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

  5. 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

  6. Default Gravatar
    Helen | April 8, 2016

    If I am retired and self funded retiree can I apply for 28 degrees platinum mastercard

    • Default Gravatar
      Laurel | May 6, 2016

      I am a self funded retiree. There is nowhere on the application form where you can confirm your self funding, i.e.., the application asks for income per week, month etc but does not give a self funded person the ability to state their case. How does one go about applying for this card when you can’t supply a weekly income because you are retired and choose to have a super pension?

    • Staff
      Ysa | May 10, 2016

      Hi Laurel,

      Thanks for your question.

      For self-funded retirees, I would suggest that you get in touch with a member of 28 Degrees customer service team directly, to further discuss your self-funding, eligibility and likelihood of acceptance.

      Please refer to the contact details I have forwarded to your email.

      I hope this helps.

      Cheers,
      Ysa

    • Staff
      Ysa | April 9, 2016

      Hi Helen,

      Thanks for your question.

      Self-refunded retirees are still eligible to apply for the 28 Degrees Platinum MasterCard as long as you meet the eligibility requirements set by the bank.

      Please note that there is no income requirement stated on this card. However, the bank still needs to assess the entire application including your personal details, financial information and credit history. You may need to contact 28 Degrees directly to further discuss your eligibility and likelihood of acceptance.

      Please refer to the contact details I have forwarded to your email.

      Cheers,
      Ysa

  7. Default Gravatar
    Adrian | March 30, 2016

    If I currently had a Latitude 28 Degrees Platinum Master Card and purchased goods overseas today for say 100 Euro at what rate would that be converted to Australian Dollars on the Credit Card. Thanks

    • Staff
      Sharon | April 11, 2016

      Hi Adrian,

      Thanks for your inquiry.

      The Latitude 28 Degrees Platinum MasterCard offers no international transaction fees on purchases as well as no currency conversion fees. This means you can shop online or overseas without paying extra for your purchases.

      Cheers,

      Sharon

  8. Default Gravatar
    Andrew | March 28, 2016

    Hi there,

    I’m located in New Zealand and was wondering if I would be able to apply for your MasterCard?

    • Staff
      Ally | March 29, 2016

      Hi Andrew,

      Thanks for reaching out.

      Kindly note that finder.com.au is an online comparison website that does not represent any consumer finance company such as Latitude Financial Services, which is the issuer of 28 Degrees Platinum.

      Nonetheless, we were able to confirm on your behalf that unless you’re earning and paying taxes in Australia, you won’t be able to apply for this card. The good news however is that there is also a Latitude Financial Services in NZ where you can apply for a credit card.

      That said, I have emailed you the link to their NZ website for your reference.

      For more options, you might also want to check and compare the different available credit cards to New Zealand residents on our Credit Card Finder NZ page here.

      I hope this has helped.

      Cheers,
      Ally

  9. Default Gravatar
    Rosemary | March 11, 2016

    If I preload my 28degrees credit card with my own funds, will this incur any fees?

    • Staff
      Ysa | March 12, 2016

      Hi Rosemary,

      Preloading your 28 Degrees MasterCard with a positive balance won’t incur you interest charges, as you’re using your own funds.

      Cheers,
      Ysa

    • Default Gravatar
      Rosemary | March 13, 2016

      Continuing my conversation…
      And it won’t incur any other fees?

    • Staff
      Ysa | March 14, 2016

      Hi Rosemary,

      Thanks for following this up and apologies for the confusion.

      Your account will still attract a cash advance fee of 3% or $4 (whichever is greater), when used to withdraw money from an ATM, regardless of whether or not the account has a positive balance.

      Cheers,
      Ysa

  10. Default Gravatar
    josh | March 9, 2016

    hi, Say i had a balance of $7000 and my card limit was $6000 and i withdrew $500, leaving a balance of $6500. ($500 in credit) would i be charged the 3% cash advance fee overseas? as it technically isn’t a cash advance?

    • Staff
      Jonathan | March 10, 2016

      Hi Josh, thanks for your inquiry!

      The cash advance rate does not apply if you have loaded your credit card account in credit. The cash advance fee of 3% or $4 is still charged on a positive balance.

      Cheers,

      Jonathan

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