28 Degrees Platinum MasterCard – Rates & Fees

Information verified correct on December 10th, 2016
28 Degrees Platinum MasterCard Find out more Go to site

Don't worry, by clicking "Go to site" this won't leave a mark on your credit file. An enquiry will only appear on your file once you have submitted a credit card application.

What happens when I click Go to site?
  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
Click here to start your application >>

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 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)
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%
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  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:

Application 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.

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.

Back to top
Was this content helpful to you? No  Yes

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

246 Responses to 28 Degrees Platinum MasterCard – Rates & Fees

  1. 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

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. Default Gravatar
    | 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

  8. Default Gravatar
    | 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

  9. Default Gravatar
    | 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

  10. 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

Credit Cards Comparison

Rates last updated December 10th, 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
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
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au 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.

Ask a question
feedback