Latitude MasterCard – Rates & Fees

Information verified correct on September 27th, 2016

Now you can get a credit card that offers up to interest-free days on purchases, and it finds acceptance the world over.

The Latitude MasterCard offers cardholders up to interest-free days on purchases, and you can look forward to getting a manageable credit limit that suits your requirements.
Owing to the MasterCard connection you get great freedom when it comes to accessing funds, with millions of ATMs and over-the-counter locations ready to accept your card the world over.

Product NameLatitude MasterCard
Purchase rate (p.a.)24.50% p.a.
Annual fee$69 p.a.
Cash advance rate (p.a.)24.50% p.a.
Card TypeMasterCard
Late Payment Fee$20
Foreign Currency Conversion Fee (MC)3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationYes
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.
Annual Fee$69 p.a.
Late Payment Fee$20
Over Limit Fee$5
Cash Advance FeeGreater of $1.95 or 3% of the cash advance amount
Overseas Emergency Replacement$0
Overseas ATM Balance check$0
Overseas ATM Withdrawal Fee$4
Foreign Currency Conversion Fee (MC)3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders9
Direct DebitYes
Australia PostYes
Phone BankingNo
Internet Banking TransfersNo
In BranchNo

Latitude MasterCard Review

If you plan on paying your account’s closing balance in full each month, you can benefit by getting as many as interest-free days on purchases made using the Latitude MasterCard. This card does not charge any establishment fee or monthly account-keeping fee, although you do have to pay a nominal annual fee. While this card does not offer rewards, it gives you the ability to transfer balances from existing credit cards.

Benefits of Latitude MasterCard

  • Balance transfers. If you have outstanding balances on credit cards that charge high interest rates, you can consider transferring those balances to this credit card. You can transfer a minimum of $100, and the maximum should not exceed your card’s available credit limit.
  • Easy access to funds. MasterCard finds acceptance at over 28 million locations the world over, so you can use this card almost anywhere your travels take you. You can use it at EFTPOS terminals and ATMs that display the MasterCard logo, and you can also use it to make online and over-the-phone transactions.
  • Easy to track. The Latitude MasterCard Online Service Centre gives you easy access to all account-related information. Through this service you can receive your statements online, you can view and print current and past statements and you keep track of bills you pay via BPAY.

Latitude MasterCard Features

  • Annual fee. The Latitude MasterCard requires that you pay a $69 fee each year you hold the card.
  • Interest-free days. When you use this card in the right manner you can get up to interest-free days on purchases.
  • Additional cardholders. You can get up to 9 additional cards linked to your primary card at no extra cost. Details of transactions made using all cards appear on a single consolidated statement.
  • Multiple repayment options. You get various options when it comes to making repayments, which include mailing cheques, making payments at Australia Post outlets, setting up payments via BPAY, and setting up direct debits using just about any Australian bank account.
  • Cash advances. This card enables you to withdraw cash using any ATM that carries the MasterCard logo, and there are over 900,000 such ATMs across the world.
  • Online account management. You can access account-related information at any time of the day or night using the Latitude MasterCard Online Service Centre. Through this service you can maintain your account profile, go through your transaction history, and even apply for an increase in your card’s limit. You can grant access to the Online Service Centre to additional cardholders, as well.
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How to apply for the Latitude MasterCard

You can apply for the Latitude MasterCard by visiting your closest Latitude Financial Services branch. To apply for this credit card you have to meet certain eligibility criteria, which include the following:

Eligibility criteria:

  • You’re at least 18 years old
  • You have good credit history

The application requires that you provide a host of information, so prepare to bring along certain information to the branch. This may include identification documents, details of your employment and income and information surrounding your financials.

Required documents:

If you’re looking for a no-frills credit card that offers interest-free days on purchase, the Latitude MasterCard requires your attention. Given that there are other cards that charge competitive interest rates and offer similar features, take some time to compare your options.

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Credit Cards Comparison

Rates last updated September 27th, 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 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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