Latitude Financial Services offers credit cards to suit different requirements, so you can get a no-frills card, a platinum card, or even a store card
Latitude Financial Services (formally known as GE Money) is a consumer finance company that finds presence in Australia and New Zealand. With over 4,000 employees, it serves more than three million customers via local branches, retail partners, brokers, the internet, and phone.
Latitude Financial Services functions as a division of GE Capital, which is amongst the four main businesses of General Electric (GE). GE Capital operates in 55 countries and provides an array of financial services and products, including loans, personal insurance, retail finance, and credit cards. Its offerings of credit cards include MasterCard and Visa credit cards as well as Myer store cards.
Comparison of Latitude Financial Services Credit Cards
Rates last updated September 27th, 2016.
- Coles Low Rate MasterCard
Purchase rate has been updated from 12.99 to 9.99% p.a.
February 10th, 2016
- Coles Rewards Platinum MasterCard
2 flybuys reward points for every dollar spent + a low balance transfer offer
May 30th, 2016
- Coles No Annual Fee MasterCard
New offer of 10,000 bonus points which is valid until 30 September 2016.
September 1st, 2016
Types of credit cards from Latitude Financial Services
Compare credit cards from Latitude Financial Services by the card type below. Latitude Financial Services have a number of no annual fee credit cards, some with special promotions and some that reward your spending with points. Latitude Financial Services also offer a credit card with extended interest-free terms and rewards credit cards.
No annual fee credit cards
Pay your balance in full when your statement arrives and a no annual fee credit card will cost you nothing to own and use. Look out for no annual fee credit cards with perks like points earning, international fee waivers and insurance. These extras are a sign of a good offer.
Interest-free credit cards
Get approved for a credit card with an Interest-free purchase offer and you can buy what you want and pay no interest for the promotional term. The GEM Visa Card works a little differently. Get extended interest-free terms on any purchase over a certain amount. Read our review to learn how to use the interest-free offer.
Rewards credit cards
Points can be a great way to make spending on your card more rewarding. Rewards credit cards with a large annual fee are good if you’re a big spender. Compare these cards by the annual fee. The GO MasterCard is a no annual fee product and you get free access to the Go MasterCard Rewards Program. Another Latitude Financial Services rewards credit card, The Coles Rewards MasterCard is linked to the flybuys loyalty program.
Latitude Financial Services credit card benefits
Getting a credit card through Latitude Financial Services comes with its share of advantages, and here’s what you can look forward to as a Latitude Financial Services cardholder:
The Latitude Financial Services Hardship team is in place to provide assistance to cardholders in the event they have difficulties in keeping up with their payments. If you feel you’re having trouble making timely repayments, get in touch with them as soon as possible, and they can help establish alternative payment arrangements.
Visa & MasterCard perks
Both, Visa and MasterCard, find global acceptance so you can use your credit card while travelling overseas. MasterCard’s PayPass and Visa’s payWave technologies enable cardholders to make contactless payments for under $100. Both, MasterCard and Visa, make use of multiple layers of security to provide cardholders peace-of-mind when they use their cards in-store, online, or over the phone.
Ongoing interest-free finance
Not many credit card issuers give you the ability to avail of long-term interest-free periods, and this is something you can look forward to when using a suitable Latitude Financial Services credit card. A growing number of retailers are part of Latitude Financial Services’ retailer partner list, so you can expect to buy just about anything you need and save on interest.
Earn points as you spend
If you use a Latitude Financial Services card linked to the Myer one rewards program, you earn MYER one shopping credits that you can use to make purchases, and this program offers other benefits as well. Through the Go rewards program, you earn reward points based on your spending, which you can redeem for a variety of merchandise.
Latitude Financial Services credit cards features
The features that come with a Latitude Financial Services card depends on the product you choose, because while certain basic features remain the same, some features are limited to particular cards. If you’re considering applying for a Latitude Financial Services credit card, here’s what you can expect:
- No annual fees. The GO MasterCard and the 28 Degrees Platinum MasterCard do not charge any ongoing annual fees. With the Go MasterCard, you’ll have to pay an establishment fee and a nominal monthly account keeping fee.
- Interest-free purchases. If you choose the right card, you can benefit by making interest-free purchases. With the Gem Visa card, you can make use of up to six months interest-free periods when you make purchases of more than $250 at participating merchants, and some retailers offer even longer interest-free terms. You can also look forward to extended interest-free terms when you use the GO MasterCard to make purchases at participating retailers.
- Rewards. If you wish to earn rewards as per your spending, you can consider getting a rewards card, and with Latitude Financial Services, you can choose from cards linked to different reward programs. You can get a card linked to the Myer one rewards program or the GO rewards program.
How to apply for Latitude Financial Services credit card?
Applying for a Latitude Financial Services credit card is easy, and to apply online. Before applying, establish if you meet the eligibility criteria as listed below.
- You’re a permanent Australian resident
- You’re at least 18 years old
- You have a steady source of income.
- Your complete name, residential status, residential address, phone number, and email address
- Details from your Australian passport, driver’s license, or proof of age card
- Your employer’s name and contact details
- Your income details
- Details of all your existing debts.
Latitude Financial Services offer a variety of credit cards to suit many types of cardholders. In order to find the right card for you, compare your options and the cards that best compliment your financial situation.
Frequently asked questions
What happens after I submit my credit card application?
Apply online for a Latitude Financial Services credit card and you will be contacted moments after submitting your application confirming the status of your application. Latitude Financial Services will send you an email confirming your application and they’ll provide you with an application reference number. You can use this number to track your credit card application by calling Latitude Financial Services.
How does the online application process work?
Applying online takes around 10 minutes, and you get a response from Latitude Financial Services in less than a minute. Upon approval, you can begin shopping with your account number immediately, without having to wait for your card to arrive.
How do I transfer a balance to a Latitude Financial Services credit card?
Have a look at our credit card comparison tables to see whether a Latitude Financial Services credit card offers a balance transfer. If the credit card has a balance transfer promotional interest rate displayed in our tables and on our review pages, you can transfer a balance online when you apply for the credit card.
Some Latitude Financial Services cards allow cardholders to make use of promotional balance transfer rates that stay in place for given time periods.
What will my credit limit be?
Your credit limit is calculated on the ratio between how much you earn and your expenses. Your credit limit is based on more than your income. Factors like whether you own your home, dependent children, investments and other loans all play a part determining your credit limit.
There’s no way to accurately tell what your credit limit will be. You can make an estimate based on the maximum credit limit assigned to you in the past.
Call Latitude Financial Services to request a credit limit increase. The new limit is calculated on the same criteria as when you applied. If you accepted the maximum credit limit when you originally applied for the credit card and your circumstances have not changed, you may not be eligible for a credit limit increase.
Do Latitude Financial Services credit cards offer interest -free days?
Yes, Latitude Financial Services cards give cardholders the ability to make use of interest-free days on purchases, which can vary in between 55 days and 62 days, depending on the card you use.
Do Latitude Financial Services charge an overlimit fee?
Latitude Financial Services do not charge a fee if you spend over your credit limit.
How can I register for the Online Service Account?
Before you can view your Latitude Financial Services credit card transactions and manage your account online, you need to register for the Online Service Centre. The process takes a couple of minutes to complete and you will need your account details from a recent statement.
Once you’ve registered for the Online Service Centre, you’ll be able to view e-statements, set reminders to pay your credit card and view credit transactions.
How can I activate my credit card?
Once you get your Latitude Financial Services credit card, activate it by calling the Latitude Financial Services Customer Care Centre (1300 721 386). You can start shopping right away when you card is activated.