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Latitude Low Rate Mastercard
$ 15000
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$ 15000
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Latitude Low Rate Mastercard

Latitude Low Rate Mastercard

Purchase with confidence with Latitude’s low 9.89% p.a. purchase rate and included purchase insurance. Save with a competitive $69 annual fee.

Balance Transfer Savings

0% Purchase Savings

You could save

$0

Savings is an estimate of the amount saved on interest charges and annual fees, as a result of transferring an eligible balance to the 0% balance transfer card for the interest-free period.

The savings estimate is based on a daily compound interest rate formula, taking into consideration your inputs above, as well as applicable balance transfer and annual fees, along with the following assumptions:
• No additional purchases or withdrawals are made
• A minimum 3% balance repayment is made each month
• Annual fees for the current year are charged in the first month
• If applicable, the annual fee refund is processed in the month eligibility is met
• There are 30 days in each month
• Your existing card will be closed and will incur no further fees
• Other fees are excluded

All estimates are based on our assumptions and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms & Conditions for more information.

Go to offer links directly to the bank’s website. Please ensure you review the full terms and conditions on the bank’s website prior to applying.

in months

You could save

$0

Savings is an estimate of the amount saved on interest charges and annual fees during the interest-free period, as a result of making a purchase on a 0% purchase card, rather than on your existing card.

The savings estimate is based on a daily compound interest rate formula, taking into consideration your inputs above, as well as the annual fee, along with the following assumptions:
• The purchase amount is incurred in the first month
• No additional purchases or withdrawals are made
• A minimum 3% balance repayment is made each month
• Annual fees for the current year are charged in the first month
• If applicable, the annual fee refund is processed in the month eligibility is met
• There are 30 days in each month
• Your existing card will be closed and will incur no further fees
• Other fees are excluded

All estimates are based on our assumptions and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms & Conditions for more information.

Go to offer links directly to the bank’s website. Please ensure you review the full terms and conditions on the bank’s website prior to applying.

More info links to a detailed product page on our site.

in months

9.89%
p.a.
Purchase Rate
$69

p.a.
Annual Fee
p.a.
% p.a.
Purchase Rate
$

p.a.
Annual Fee
% p.a.
Purchase Rate
$
p.a.
Annual Fee
$

annual fees
Total Fees
Total Fees is a calculation based on the total annual fees charged for the number of months the promotional period applies. An annual fee is charged in full for each year or part of a year. The calculation considers annual fee refunds for minimum spend thresholds, as well as variances between first and subsequent year annual fees. No other fees are included in this calculation.

Latitude Financial Low Rate Mastercard Review

What’s good?

Latitude Financial’s low rate mastercard is a great choice for those looking to avoid being stung by excessive credit card interest. With a low 9.89% ongoing interest rate and up to 55 days interest free, this card’s credit terms are among the best in the industry. It also comes with added complimentary insurances such as purchase protection, price protection, and extended warranty.
Purchase protection grants up to 90 days of protection for eligible items. This protection covers theft or accidental damage for up to $500 per item, with a $1,000 annual limit. Latitude’s price protection provides up to 30 days cover if you purchased an item at a physical store, however you happend to find the item cheaper at another retailer. This is fantastic, as nothing stings more than buying something you have had your eye on, only to see it go on sale the week after. Although the protection has a limit of up to $500 per item and $1,000 per year, this is enough to cover many on-sale discounts. Finally, extended warranty grants an additional 12 months warranty for eligible items that normally come with a one to two year warranty, providing you with extra peace of mind.

What could be better?

Latitude’s price protection insurance only covers you for purchases made within a physical location with a new price found at another retailers printed or in-store advertising. This means that if you purchase online you won’t be covered. In addition, the card comes with a 3% international transaction fee, which means this isn’t the best card to do overseas online shopping with.

Overall

Latitude’s Low Rate Mastercard is a fantastic option for those looking for a low annual fee credit card with included protection, however falls short for those looking to shop online.

Pros
  • Low 9.89% purchase rate
  • Up to 55 days interest free period
  • No additional cardholder fee
  • Low annual fee
  • Purchase Protection
  • Price Protection
  • Extended Warranty
Cons
  • Relatively high international transaction fee of 3%
Minimum Credit Limit$500
Mobile Cardless PaymentsYes
Apple Pay
Google Pay
Samsung Pay
Fitbit pay
Garmin Pay
Card TypeMastercard
Cash Advance Rate
Interest rate incurred for a cash advance
18.89% p.a.
Purchase Rate
The standard interest rate that applies to purchases on the card
9.89% p.a.
Annual Fee
An annual fee is charged in full for each year or part of a year that the card is held. The annual fee may differ between the first and subsequent years.
$69 p.a.
Interest Free Period
The maximum period of time that no interest is charged on new purchases. May not be applicable if the account or closing balance is not paid in full by the due date.
Up to 55 days
Minimum Age18 years of age or over
Temporary Resident ApplicationYes, conditions apply
Joint ApplicationNo
Rewards Earn Rate per $ spent
The number of rewards points earned for each eligible dollar spent on the card
0 points per $
International ATM Withdrawal Fee$4 plus cash advance fee
Additional Cardholder Fee
Fee incurred for adding an additional cardholder to the account
$0
International Transaction Fee
Fee incurred for transactions made in foreign currency
3% of the Australian dollar amount
Cash Advance Fee3% or $1.95, whichever is greater
International Cash Advance Fee3% or $1.95, whichever is greater
Late Payment Fee
Fee incurred if the minimum repayment is not paid by the due date
$30
Minimum Monthly Repayment
The minimum repayment that must be paid by the payment due date to avoid incurring late fees. Interest will still be charged on the remaining amount owing.
2.22% or $10, whichever is greater
Annual Fee
An annual fee is charged in full for each year or part of a year that the card is held. The annual fee may differ between the first and subsequent years.
$69 p.a.
Travel Insurance
Terms, conditions, limits and exclusions may apply, check product site for details
No
Purchase Insurance
Terms, conditions, limits and exclusions may apply, check product site for details
Yes
Purchase Protection
Price Protection
Extended Warranty

Like the sound of this card?

Apply now securely via the bank's website or email yourself a link to apply later.
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