28 Degrees Platinum MasterCard

Information verified correct on February 22nd, 2017
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Access your cash worldwide, shop online and make overseas purchases without paying any 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 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% or $30 (whichever is greater)
Card TypeMasterCard
Late Payment Fee$20
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
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% or $30 (whichever is greater)
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)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
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 with the 28 Degrees Platinum MasterCard. Plus, with international acceptance via Mastercard, up to 55 days interest-free on purchases and a $0 annual fee, you can use this card internationally without the standard costs you'd expect from most cards.

Benefits of the 28 Degrees Platinum MasterCard

  • No currency conversion fees. This card comes with 0% currency conversion fees when you use the card to make a purchase in a foreign transaction overseas or online.
  • No international ATM withdrawal fees. You can access cash with convenience overseas with a $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 so long as you pay your balance in full before the statement period ends.

Features of the 28 Degrees Platinum MasterCard

  • Annual fee. $0 annual fee for every year using this card.
  • 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, you can complete the online application within 10 minutes. Before you apply though, make sure you've met the eligibility requirements and have the necessary documents on hand:

Eligibility criteria

  • Age. Applicants need to be over the age of 18.
  • Residential status. You must be a permanent resident of Australia to apply, as temporary residents and people visiting Australia on a long-stay visa are not eligible to apply for this product.
  • Good credit history. Only applicants with a healthy credit score and no recent evidence of bankruptcy or defaults will be approved.

Required documents

  • Proof of identification. A drivers licence, passport or proof of age card must be provided.
  • Financial details. You must submit details about your annual income, assets and liabilities.
  • Employer information. You'll need to include your employer's details including address and contact number.
  • Contact details. You'll be asked to provide contact information such as your email address, residential address and contact number.

Frequently asked questions

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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256 Responses to 28 Degrees Platinum MasterCard

  1. Default Gravatar
    Ken | February 13, 2017

    1) Can I use your card in the Czech Republic and Russia?
    2) Also I am a self funded retiree can I still apply
    3) can I preload the card for $5000 Aust dollars.

    • Staff
      Anndy | February 14, 2017

      Hi Ken,

      Thanks for your questions.

      The 28 Degrees Platinum MasterCard is accepted in millions of locations overseas. You can use it where there is a MasterCard logo at an ATM, over the counter or on the payment page of the merchant’s website.

      A retiree may apply for this credit card, provided that you submit a recent superannuation statement. If you have a term deposit account, you’ll have to provide your term deposit statement. If you have an investment property, provide rental income statements for 3 months. Please note that there are other eligibility criteria to apply for this credit card.

      You can preload the card so that 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.

      Cheers,
      Anndy

  2. Default Gravatar
    Priya | February 9, 2017

    Hi, Can I use this card for day to day shopping in Australia? Example: Buy groceries from Woolworth?

    • Staff
      Anndy | February 9, 2017

      Hi Priya

      Thanks for your question.

      Yes, you can use the 28 Degrees Platinum MasterCard for daily shopping in places where MasterCard is accepted. Please do note that it has 21.99% p.a. interest on purchases.

      Alternatively, you may also check this pagefor credit cards with 0% purchase rate for a limited time.

      Cheers,
      Anndy

  3. Default Gravatar
    Susan | February 9, 2017

    1. Which day of the month does the statement cycle start?
    2. Can I use BPAY to pay the outstanding amount on my credit card statement?
    3. Can I log in to my online account to check my statement when I am overseas?

    • Staff
      May | February 17, 2017

      Hi Susan,

      Thank you for your question and for contacting finder.com.au – we are a financial comparison website and general information service designed to help consumers make better decisions. Please note that we are not affiliated with any company we feature on our site.

      1. Which day of the month does the statement cycle start?
      Basically, the statement period/cycle is listed on the top right corner of your statement. As to the date when it starts and ends will be determined by the bank. If you wish to know more how to read a credit card statement, please click this link.

      2. Can I use BPAY to pay the outstanding amount on my credit card statement?
      Yes, you can pay your 28 Degrees card bills through BPAY. Your card number can be used as the reference number and it is recommended that you update this to the account number when your statement has been received. Please note though that there will be a payment handling fee of $2.50 when you pay in person and
      $0.95 through online (this excludes payments made via the Online Service Centre).

      3. Can I log into my online account to check my statement when I am overseas?
      Typically, you’ll receive a statement every month and you can choose to receive email alerts to remind you when your payments are due. Simply log-on to the Online Service Centre to set-up alerts. Please get in touch with the service centre if they can send you a paperless statement.

      Cheers,
      May

  4. Default Gravatar
    Bob | January 17, 2017

    Not so much a question as a warning.

    Discovered the hard way, I used BPay to pay off the 28 Degrees balance and they have a processing fee when you give them money, very annoying. The whole point of the 28 Degrees card is that there is ABSOLUTELY no link back to my normal banking when I use it outside Australia so I didn’t really want to use any payment method that involved entering my main banking details into their system.

    • Staff
      May | January 17, 2017

      Hi Bob,

      Thank you for your comment and feedback.

      With 28 Degrees, when paying your credit card bills through a direct debit arrangement from your nominated bank account, you won’t be charged anything. You would need to phone 28 Degrees to set up this type of payment method.

      If you do not want to give your banking details to them (through direct debit), other options would be through BPay and Australia Post (in person). Unfortunately, these two methods would mean that you pay for the payment handling fee of $2.50 (in person) or $0.95 via online.

      Cheers,
      May

  5. Default Gravatar
    kim | January 5, 2017

    can a self funded retire qualify for a 28 degree credit card?

    • Staff
      Anndy | January 5, 2017

      Hi Kim,

      Thanks for your question.

      Yes, you can apply for a 28 Degrees Platinum MasterCard if you are a self-funded retiree provided that you submit a recent superannuation statement. If you have a term deposit account, you’ll have to provide your term deposit statement. If you have an investment property, provide rental income statements for 3 months. Please note that there are other eligibility criteria to apply for this credit card.

      You may also want to visit this page to check for other credit card brands that accept applicants who are self-funded retirees.

      Cheers,
      Anndy

  6. Default Gravatar
    aldo | December 1, 2016

    Can I deposit money into a bank?

    • Staff
      May | December 1, 2016

      Hi Aldo,

      Thanks for your question.

      If you’re planning on loading your 28 Degrees account to make it in credit, simply deposit funds from a bank account to your 28 Degrees MasterCard via BPAY. You will also need to repay any outstanding credit card debt in order to reach a credit balance.

      Cheers,
      May

  7. Default Gravatar
    | November 10, 2016

    Where can I go in person to set this card up?

    • Staff
      May | November 10, 2016

      Hi Sue,

      Thank you for your inquiry.

      Just to confirm, are you interested in applying for the 28 Degrees Platinum MasterCard? If so, you can apply for this card through online and no need to go to a branch. To apply, please click here.

      Hope this has helped.

      Cheers,
      May

  8. Default Gravatar
    Yama | November 8, 2016

    Hi, are there any ATM withdrawal fees within Australia?
    Can i use this card for trading purposes such as overseas stock market, binary options via online?

    • Staff
      May | November 8, 2016

      Hi Yama,

      Thank you for your inquiry.

      1. Are there any ATM withdrawal fees within Australia?
      The 28 Degrees MasterCard does not have atm withdrawal fees in Australia, however, when you withdraw funds from an ATM, you’re likely charged 3% of the cash advance or $4 (whichever is greater) and cash advance interest rate of 21.99% p.a.

      2. Can I use this card for trading purposes such as overseas stock market, binary options via online?
      Generally, you can your card for online payments, but it’s best to be sure how these payments for stocks being treated – as purchases or cash advances? To verify, I suggest that you contact 28 Degrees directly.

      Cheers,
      May

  9. Default Gravatar
    jack | October 18, 2016

    I have a Coles MasterCard (joint account) and have had it for almost 20 years with a high credit limit. Is there an easy way to transfer to 28 degrees card?

    • Staff
      May | November 3, 2016

      Hi Jack,

      Thank you for your inquiry.

      Sorry for the delayed reply. If you’re asking if you can transfer your credit limit with Coles MasterCard to the 28 Degrees, I’m afraid that that may not be possible. If you wish to acquire the 28 Degrees card, you must apply for it and get approved for a new credit limit for that card.

      Cheers,
      May

  10. Default Gravatar
    Helen | October 15, 2016

    I recently travelled to Macau to visit relatives. When I was there I ran out of my normal daily tablet. My travel insurance did not cover it as they said I did not mention it as a prior illness. Because I have had the Thyroid problem for approx. 40 years it was just daily routine for me and I didn’t expect to have any problems with it. The trouble was that I had been in hospital for 2 months previously and I was very weak and kept on dropping things (as well as my tablets) so I ran out. I had to visit a doctor in Macau and it cost something like $35 AUD that I added to my 28 Degrees credit card. Would the Credit Card insurance cover this?

    • Staff
      May | November 4, 2016

      Hi Helen,

      Thank you for your question.

      The complimentary travel insurance is not actually automatically attached to the 28 Degrees card, so you will have to contact 28 Degrees if you wish to get a travel insurance at additional cost. The insurance will be provided by Southern Cross Travel Insurance.

      Just in case you got a policy from Southern Cross Travel Insurance prior to your travel, I suggest that you revisit the terms and conditions again and see if they will cover your hospital expenses and bills if the cause of your hospitalisation was your pre-existing medical condition.

      Cheers,
      May

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