28 Degrees Platinum MasterCard – Rates & Fees

Information verified correct on September 27th, 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. 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
Balance transfer rate (p.a.)4.99% p.a. for 6 months
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 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

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.

This is a credit card to consider for the international travellers. 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

  • 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.

Features of the 28 Degrees Platinum MasterCard

  • 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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236 Responses to 28 Degrees Platinum MasterCard – Rates & Fees

  1. Default Gravatar
    Phil | September 27, 2016

    Hi There,

    If I load the 28 Degrees Platinum MasterCard in $AU and withdrawn in a Foreign money I still being charged on cash in advance? The 3% fee will be converted from the local currency money to Australian dollar?

    Thanks

    • Staff
      May | September 27, 2016

      Hi Phil,

      Thanks for your inquiry.

      1. If I load the 28 Degrees Platinum MasterCard in $AU and withdrawn in a Foreign money I still being charged on cash in advance?
      If you load your 28 Degrees Mastercard with funds and use them overseas, you’re are still charged cash advance fee of 3% of the cash advance or $4 (whichever is greater), but not cash advance interest of 21.99% p.a.

      2. The 3% fee will be converted from the local currency money to Australian dollar?
      Yes, you are correct.

      Cheers,
      May

  2. Default Gravatar
    Megan | September 21, 2016

    Hi There,

    Can you load Foreign money onto this card?
    Eg. CAD

    thanks

    • Staff
      Jonathan | September 22, 2016

      Hi Megan, thanks for your inquiry!

      Since 28 Degrees MasterCard is a credit card you are only able to load the domestic currency (AUD) onto the card. To load foreign currency e.g. CAD you may like to compare prepaid travel cards.

      Cheers,

      Jonathan

  3. Default Gravatar
    Q | September 20, 2016

    Will you require to contact my employer?

    • Staff
      Ysa | September 20, 2016

      Hi Q,

      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, we can confirm that 28 Degrees will require you to provide your employer’s address and contact number upon submitting your credit card application. Should you wish to clarify on this further, it would be best to get in touch with a 28 Degrees customer representative at 1800 005 809.

      I hope this helps.

      Cheers,
      Ysa

  4. Default Gravatar
    Bj | September 17, 2016

    My 28 degrees mastercard has a $4000 limit, I recently paid it off, and made another large purchase. I was unaware my health insurance bill had arrived and tried to pay off my credit card once again so I could renew my insurance, but was not allowed to pay off my credit card because you have this stupid rule where you must wait 5 business days. Why have you introduced this rule? I used to be able to pay it off whenever I wanted

    • Staff
      Jonathan | September 20, 2016

      Hi Bj, thanks for your inquiry.

      Please note that you have reached finder.com.au and not Latitude Financial/ 28 Degrees MasterCard. To contact their Customer Resolutions Team please call 1300 369 340.

      Cheers,

      Jonathan

  5. Default Gravatar
    Tan | August 31, 2016

    Does the 28 Degrees’ MC have a rewards program?

    • Staff
      May | August 31, 2016

      Hi Tan,

      Thank you for your question.

      Unfortunately, 28 Degrees Platinum MasterCard does not have a rewards program. However, if you want to find out other credit cards with rewards programs, you may like to visit this page.

      Cheers,
      May

  6. Default Gravatar
    Tan | August 31, 2016

    Are all my purchases & transactions covered by insurance on the 28 Degrees’ MC?

    • Staff
      May | August 31, 2016

      Hi Tan,

      Thank you for your inquiry.

      The 28 Degrees Platinum MasterCard has “Shopper’s Protection” that serves as an “insurance” for your purchases. However, this insurance is not free. The cost is 0.5% of your monthly closing balance, up to a maximum of $50 a month, but will not exceed that amount. If you wish to add a Shopper’s protection to your account, simply contact 28 Degrees directly.

      Cheers,
      May

  7. Default Gravatar
    Greg | August 15, 2016

    Hi, your card looks really great. However is it true that you charge your customers to make repayments on their cards via BPay? This would seem to negate the benefits of using this card overseas.

    • Staff
      May | August 15, 2016

      Hi Greg,

      Thanks for your comment. Just to confirm though you’ve come through to finder.com.au we are an Australian financial comparison website and general information service, not actually 28 Degrees.

      I understand your opinion about the fees, unfortunately, as outlined under the “rates and fees” on 28 Degrees MasterCard’s website, they charge payment handling fee of $2.50 when you pay your bills in person, particularly in Australia Post. Also, a $0.95 when paying online, though you will not be charged when payments are made via the Online Service Centre.

      Cheers,
      May

  8. Default Gravatar
    Nicole | August 2, 2016

    What about United States currency conversion rate?

    • Staff
      May | August 2, 2016

      Hi Nicole,

      Thanks for your inquiry.

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

      Hope this helps.

      Cheers,
      May

    • Default Gravatar
      Joe | August 25, 2016

      There is no USD exchange rate on the currency drop down box.

    • Staff
      May | August 26, 2016

      Hi Joe,

      Thank you for your inquiry.

      When I tried using the exchange rate tool and selecting AUD as the base currency, I was able to find the exchange rate (from AUD to USD) in the results (at the bottom part).

      Cheers,
      May

  9. Default Gravatar
    Nicole | July 31, 2016

    Hi, my husband and I have our own company, what financials would be required for the application and can you have a secondary card holder?

    • Staff
      May | August 1, 2016

      Hi Nicole,

      Thanks for your inquiry.

      The 28 Degrees Platinum MasterCard is a personal credit card, so if you meet the eligibility requirements outlined above and you can provide the details about your income, assets and liabilities, either you or your husband can apply for this card. This card also allows you to have up to 9 additional cardholders.

      Cheers,
      May

  10. 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

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