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28 Degrees Mastercard vs travel money card vs debit card

Rates and fees last updated on

How does the 28 Degree Mastercard compare to other travel money options?

With no foreign transaction fee and no annual fee, the 28 Degrees Mastercard is designed to keep credit card costs affordable when you go overseas or shop online with international merchants. But there are many other options you can consider when you're planning to shop internationally. As well as other credit cards with 0% foreign fees and additional travel benefits, there are regular debit cards and travel cards you can use all over the world.

So what plastic should you take on holiday? Here, we’ve rounded up the key features of the 28 Degrees Mastercard and compared them to travel money cards and the Citibank Plus Transaction Account to help you find the right type of card for your next trip overseas.

Compare No Foreign Transaction Fee Credit Cards

Rates last updated November 24th, 2017
Name Product Foreign Currency Conversion Fee Overseas ATM Withdrawal Fee Overseas Cash Advance Fee Annual fee Product Description
Bankwest Zero Platinum Mastercard
0% of transaction value
$0
The greater of 2% or $4
$0 p.a.
Receive complimentary international travel insurance, access to a 24/7 concierge service and 0% foreign transaction fees.
Bankwest Breeze Platinum Mastercard
0% of transaction value
$0
Greater of 2% or $4.00
$99 p.a.
Offers an introductory balance transfer rate of 0% p.a. for 13 months with a 2% BT fee, plus platinum perks.
ANZ Rewards Travel Adventures card
0% of transaction value
$0
$0
$225 p.a.
Receive 40,000 bonus Velocity Points when you spend $500 on eligible purchases in the first three months.
Westpac Lite Card
0% of transaction value
$0
$108 p.a.
Keep credit card costs low with a maximum credit limit of $4,000 and no foreign transaction fees.
Bankwest Qantas Platinum Mastercard
0% of transaction value
$0
2% or $4, whichever is greater
$160 p.a.
Enjoy a high credit limit with complimentary travel insurances and earn 0.5 Qantas Points per $1 spent on eligible purchases.
Bankwest More Platinum Mastercard
0% of transaction value
$0
2% or $4, whichever is greater
$160 p.a.
No fees on overseas ATM withdrawal, no foreign transaction fees and earn 75,000 bonus More rewards points.

Compare up to 4 providers

Using the 28 Degrees Mastercard for travel and international purchases

The 28 Degrees Mastercard can help you save on fees when you're spending money overseas by offering 0% currency conversion fees. In comparison, most credit cards charge a currency conversion fee when you shop or spend overseas, which is usually between 2–4% of the total transaction. Depending on your travel plans, this could add up to hundreds of dollars over the course of your trip. Other key features of the 28 Degrees Mastercard include:

  • Annual fee. While many credit cards charge a yearly fee that could be worth hundreds of dollars, the 28 Degrees Mastercard has $0 annual fee for life.
  • Up to 55 days interest-free on purchases. The 28 Degrees Mastercard also offers up to 55 days interest-free on purchases when you pay your balance in full by the due date on each statement.
  • No international ATM withdrawal fees. You can access cash with convenience overseas with a $0 international ATM withdrawal fee. Note that cash advance fees and charges will still apply when you use this card to withdraw cash. Local ATM operator fees may still apply as well. Most of the time these fees are advised at the time of the transaction.
  • 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.

Compare more travel credit cards here

Using prepaid travel cards overseas

Qantas Cash

Qantas Cash

  • Earn up to 1.5 Qantas Points per eligible $1 spent
  • 11 currencies on one card
  • Lock in exchange rates

Qantas Cash

The Qantas Cash allows you to earn Qantas Points on all transactions including local and foreign transactions.

  • Choose from 11 currencies on the one card: USD, GBP, EUR, THB, NZD, SGD, HKD, CAD, JPY, AED and AUD.
  • Ability to load money and convert currencies 24/7 on the secure customer portal.
  • Locked-in exchange rates for multiple currencies and low and transparent fees.
  • Accepted electronically – at over 35 million locations in over 210 countries worldwide.

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Travel cards are designed to be used overseas. Secure and preload your funds onto the card before you travel at a set exchange rate and hold multiple foreign currencies on the card at the one time. Preloading your currency can help you save money and organise your travel money before you travel. This feature is only available with prepaid travel cards, making it an option to consider before you head overseas.

These accounts let you hold multiple foreign currencies at once, so you can spend overseas without incurring additional costs for currency conversion. By loading a travel card with US dollars, for instance, and spending in US dollars, you can avoid this fee.

Security overseas

Unlike some credit cards, which charge a fee when an additional card is issued, a second travel card may be given to you for no charge when you open an account. The second card acts as a backup in case the first card is lost or stolen. Because these are usually either Visa or Mastercard products they also have anti-fraud protection built in.

ATM withdrawals

Travel cards attract an additional ATM fee for overseas withdrawals. In many cases the fee is less than the flat fee charged by your debit or credit card provider. For instance, the NAB Traveller Card, has an ATM fee of

Overseas: $0 per withdrawal via international ATMs

Domestic: $3.75 fee applies

Moving and transferring funds

NAB call it the "NAB Currency to Currency foreign exchange rate". This rate is used when you load and reload the NAB Traveller Card or move funds between currencies on the account.

The Mastercard exchange rate applies when you spend in a currency not loaded on to the card. It’s a little lower than the NAB travel card rate; however, the NAB currency conversion fee of 4% is charged on top of the exchange rate.

Travel Money Card Comparison

Rates last updated November 24th, 2017
Name Product Description Available Currencies ATM Withdrawal Fee Reload Fee Initial Load Fee
You can load and hold up to eleven currencies on the Qantas Cash Mastercard with a locked-in exchange rate. A travel card to be used at home as well as overseas, rack up Qantas Points on all eligible purchases. Debit cards incur a 1% reload fee.
AUD, AED, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD
AUD 1.95, CAD 2.00, EUR 1.50, GBP 1.25, HKD 15.00, JPY 160, NZD 2.50, SGD 2.50, USD 1.95, THB 70.00, AED 6.50
$0
$0
The NAB Traveller Card allows you to load up and lock in up to 10 currencies. Benefit from no fees for reloading funds. Comes with a secondary card for added security.
AUD, CAD, EUR, GBP, HKD, JPY, NZD, SGD, THB, USD

Overseas: $0 per withdrawal via international ATMs

Domestic: $3.75 fee applies

$0
$0

Compare up to 4 providers

Using debit cards overseas

It’s easy to take your debit card with you travelling – there’s nothing to sort out and you have access to your bank account. Although this option may be more convenient in the short term, it could be a more expensive option in the long run, with many debit cards charging currency conversion fees and foreign ATM fees.

The Citibank Plus Transaction Account is an example of one that doesn’t charge for international transactions. Citi’s global ATM presence also means you shouldn’t have to venture far to find an ATM where you can withdraw for free.

Security overseas

Unlike travel cards, transaction accounts generally hold the majority of a traveller’s budget. Much like other travel plastic, you’re protected if you’ve been defrauded by the card scheme’s anti-fraud guarantees.

ATM withdrawals

The Citibank Plus Everyday Account has no fees for foreign transactions or ATM withdrawals, making this card a product to consider for your overseas travels.

Compare travel debit cards

Rates last updated November 24th, 2017
$
Name Product Product Description Debit Card Access ATM Withdrawal Fee Monthly Account Fee Overseas ATM Withdrawal Fee Overseas Eftpos Fee
Bankwest Qantas Transaction Account
Earn Qantas Points on Debit Mastercard transactions, overseas ATM withdrawals and your account balance and get to travelling sooner.
Mastercard
$0
$0
2.95%
ING Orange Everyday Account
Receive an international ATM withdrawal fee rebate and an international transaction fee waiver when you meet the deposit and purchase criteria.
Visa
$0
$2.50
$2.50
Westpac Choice
Take advantage of Westpac's Global Alliance and save on overseas ATM fees at over 50,000 locations worldwide with fee-free cash withdrawals.
Mastercard
$0
$5
3%
St.George Complete Freedom Account
Part of the Westpac Global Alliance, save on overseas ATM fees at over 50,000 locations worldwide with fee-free cash withdrawals.
Visa
$0
$5
3%

Compare up to 4 providers

Popular questions for using the 28 Degrees Mastercard

  • Q: Can you use 28 Degrees Mastercard as a debit card?
    Yes. You can transfer money onto the 28 Degrees credit card and use it like a debit card.
    If you preload the account with a positive balance you won’t get charged interest on purchases and cash withdrawals as you’re using your own money.
  • Q: The 28 Degrees credit card cash advance fee and credit card cash withdrawals
    The 28 Degrees credit card cash advance fee is charged every time the Mastercard is used for an ATM withdrawal. A local ATM fee may also charged when you use the 28 Degrees Mastercard to withdraw cash overseas.
    By putting the 28 Degrees card into credit, you waive the Mastercard Zero Liability Guarantee. This guarantee protects you if you’re defrauded.

Use a combination of travel money for best results

Each of the products on this page has it’s own advantages and disadvantages and will appeal to different people. It comes down to how you spend and the type of holiday or trip you’re going on. Compare your travel money options here.

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57 Responses

  1. Default Gravatar
    lucySeptember 3, 2017

    if I preload the 28 degree card with my money then will I attract a cash withdrawal fee if I select “savings account” at the ATM?

    • Staff
      HaroldSeptember 5, 2017Staff

      Hi Lucy,

      Thank you for your inquiry.

      If you preload the account with a positive balance you won’t get charged interest on purchases and cash withdrawals as you’re using your own money.

      I hope this information has helped.

      Cheers,
      Harold

  2. Default Gravatar
    DavidJune 8, 2017

    Is 28 degrees MasterCard widely accepted in England, Paris and Italy?

    • Default Gravatar
      JonathanJune 8, 2017

      Hi David!

      Thanks for the comment.

      Absolutely! As long as the MasterCard logo is on it.

      In case of cash withdrawals, You can use the Global ATM Locator on the MasterCard website to know the nearest one in a certain area.

      Hope this helps.

      Cheers,
      Jonathan

  3. Default Gravatar
    WarwickJune 5, 2017

    28 degrees MasterCard are hopeless when it comes to replacing a lost and stolen card .. be prepared to wait 7 to 10 days ( who can afford that timespan when overseas) and don’ t believe any of the promises they make about forwarding a replacement card to your hotel overseas. It’s happened to me twice now 1st time I requested a companion card for my employee visiting Tokyo on a business trip and second time a replacement card for my card swallowed by a parking station pay station.
    Why do they promise you all will be well .. after waiting forever, I found that in both instances the card had not even been sent .
    Why does it take such an inordinate amount of time and why is the process so inefficient ?

    • Staff
      DanielleJune 6, 2017Staff

      Hi Warwick

      Thank you for reaching out to us here at finder.com.au. We are a comparison website and general information service, we’re more than happy to offer general advice.

      We are sorry to hear that. The 28 Degrees credit card offers a round-the-clock support service for lost and stolen cards. If anything happens to your account, it would be best to call them through their hotline 1300 552 079 in Australia or +61 1800 005 809 overseas.

      I hope this helps.

      Cheers,
      Danielle

  4. Default Gravatar
    RichardApril 28, 2017

    Hi Finder Team, can you please confirm my understanding …

    I’m traveling to Europe and comparing 28 Degrees and my existing CBA credit card. Both use Mastercard. And both say exchange rates are set by the same MasterCard link you provided.

    So, does that mean that the same transaction on each card would hit my statement using the same exchange rate … so the only difference is the international transaction fees (charged by CBA but not by 28 degrees)?

    • Staff
      AnndyApril 30, 2017Staff

      Hi Richard,

      Thanks for your question.

      If both credit cards use MasterCard exchange rate, you’ll get the same exchange rate for the same transaction done at the same time.

      Since you did not mention what type of CBA credit card you are holding, I can’t determine what differences it may have with 28 Degrees MasterCard.

      You may want to check the following features of 28 Degrees MasterCard and compare them with the features of your CBA credit card:

      - The 28 Degrees MasterCard is among a handful of credit cards that don’t charge for International transaction fee.

      - It also doesn’t charge for international ATM withdrawals.

      - It attracts a cash advance fee of 3% of the cash advance or $4 (whichever is greater) when you withdraw money from an ATM.

      - It offers up to 55 interest-free days on purchases.

      These are some of the important features that can affect overseas transactions.

      Cheers,
      Anndy

  5. Default Gravatar
    March 14, 2017

    Hi Sally,

    I have been preloading my 28 Degree card with AUD when travelling to Europe. When I draw this cash out at an overseas ATM it asks “do I accept the conversion rate?” I get the cash whether I click yes or no but can not work out from my statements if one is a better (cheaper) choice. What should I select?

    Walter

    • Staff
      MayMarch 16, 2017Staff

      Hi Walter,

      Thank you for your inquiry.

      If you will use your 28 Degrees MasterCard overseas, the conversion/exchange rate is determined by MasterCard International by the time you access the cash, so we may not be able to tell when you can get a better rate.

      Cheers,
      May

  6. Default Gravatar
    BusterSeptember 29, 2016

    I am spend USD 20k per month online and am looking for ways to reduce my fees and costs which about to over $1000 per month. I was about to switch from using my CBA credit cards to using a CBA travel card as it had no intl transaction fees. It turned out that the rate they use on their travel cards meant that i would be worse off than using my credit card, even with 3% fees.

    28degrees have told me that they use the exchange rate found at xe.com (which is the ‘mid rate’ with no buy/sell differential) and also charge no fees. They were, however, unable to provide me this important detail in writing.

    Are they telling the truth?

    • Staff
      SallyOctober 17, 2016Staff

      Hi Buster,

      Thanks for your question.

      According to the 28 Degrees Mastercard website (in the frequently asked questions section), the exchange rate is determined by MasterCard International on a daily basis in accordance with daily foreign exchange fluctuations. The conversion will involve two calculations if the transaction is made in foreign currency. First, it will be converted to US dollars and then converted to Australian dollars for listing on your transactions. You can calculate the conversion rate using the Mastercard currency conversion tool.

      The foreign exchange rate is calculated by MasterCard International on a daily basis according to daily foreign exchange fluctuations. The conversion will consist of two calculations if the transaction is made in foreign currency – it will first be converted to US dollars and then converted to Australian dollars for listing on your transactions. You can calculate the conversion rate using the MasterCard currency conversion tool.

      I hope this has helped.

      Cheers,

      Sally

  7. Default Gravatar
    bluSeptember 26, 2016

    hello i will be going to peru only, for 4 months and am needing to find best card to use there. What might be the best debit card and travel load card available with least fees namely the atm use and currency convert fees. thx

    • Staff
      AnndySeptember 26, 2016Staff

      Hi Blu,

      Thanks for reaching out.

      If you are travelling to Peru, you can compare your prepaid, credit and debit card options here.

      I hope this helps.

      Cheers,
      Anndy

  8. Default Gravatar
    WendyMay 28, 2016

    When overseas and using the 28 degrees card as a debit card with own funds , which option do you choose when transacting at an ATM savings or credit and if using the card for credit do you choose credit?

    • Staff
      SallyMay 31, 2016Staff

      Hi Wendy,

      Thanks for your question.

      If you’re using the card for a credit purchase, select “credit”. If you’d like to withdraw funds that are loaded on your card, try selecting “Savings” at the ATM. Please note that while your withdrawals won’t incur the standard interest rate, you will be charged a cash advance fee of either 3% or $4 (whichever is greater).

      I hope this has helped.

      Cheers,

      Sally

  9. Default Gravatar
    SharonMay 12, 2016

    does the card offer complimentary travel insurance o/s.
    tks

    • Staff
      SallyMay 13, 2016Staff

      Hi Sharon,

      Thanks for your question.

      Unfortunately, the 28 Degrees MasterCard doesn’t offer complimentary travel insurance.

      You can compare cards with complimentary travel insurance here.

      I hope this has helped.

      Cheers,

      Sally

  10. Default Gravatar
    JonoMay 11, 2016

    Hi,
    If I have a 28 degree master card, am I able to deposit the money I get in the 28 degree account into another bank account without any fees? With a 0% for 12 months MasterCard?

    • Staff
      SallyMay 17, 2016Staff

      Hi Jono,

      Thanks for your question.

      Just to confirm, are you looking to conduct a balance transfer your debt from your 28 Degrees MasterCard to a card with a 0% offer for 12 months?

      If so, you can compare balance transfer cards with 0% for 12 months here.

      I hope this has helped.

      Cheers,

      Sally

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