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28 Degrees Platinum Mastercard by Latitude Financial Services

Save with $0 international transaction fees when you travel or shop online, a $0 annual fee and a 24/7 worldwide concierge service.

The 28 Degrees Platinum Mastercard is designed to help you keep costs down when you use your credit card overseas, with no foreign currency conversion or ATM fees. It also includes a concierge service, online service centre, fraud protection and Mastercard PayPass contactless technology.

Use this guide to learn how the 28 Degrees Platinum Mastercard works, discover its features and fees and decide if it's worth it for you. We also answer frequently asked questions on topics including applying for the credit card, managing your account and card security.

Latitude Financial Services Credit Card Offer

28 Degrees Platinum Mastercard

$0 annual fee

Eligibility criteria, terms and conditions, fees and charges apply

Latitude Financial Services Credit Card Offer

Enjoy up to 55 days interest-free on purchases, no annual fee and no international transaction fees.

  • $0 p.a. annual fee.
  • 21.99% p.a. on purchases
  • Cash advance rate of 21.99% p.a.
  • Up to 55 days interest free
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Rates last updated October 16th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
28 Degrees Platinum Mastercard
21.99% p.a.
4.99% p.a. for 6 months
$0 p.a.
Designed for travel, benefit from 0% foreign transaction fees on purchases, a $0 annual fee for life and a personal concierge service.

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What is the 28 Degrees Platinum Mastercard and how does it work?

The 28 Degrees Platinum Mastercard is a credit card designed for overseas use and online foreign transactions. While most credit cards charge an international transaction fee worth 2-4% of every payment made overseas or in a foreign currency, the 28 Degrees Platinum Mastercard helps you keep costs down by waiving this fee. It also has $0 foreign transaction fees at ATMs, although you will still have to pay cash advance fees and interest charges if you use your credit card to get cash out.

The features and benefits of the 28 Degrees Platinum Mastercard

As well as having no foreign transaction fees, the 28 Degrees Platinum Mastercard includes the following features:

  • Introductory balance transfer offer. For the first 6 months, cardholders are offered a 4.99% p.a. interest rate from account opening on balances transferred. This then reverts back to a 21.99% p.a. interest rate for all purchases.
  • Up to 55 days interest-free on purchases. If you pay your account in full by the due date each month, you can make purchases on this card without paying interest.
  • Cash advances. If you use a credit card to get cash out at an ATM, to buy foreign currency or for any other transaction defined as a cash advance, interest will be charged from the date of withdrawal. You will also have to pay a fee of 3% of the cash advance or $4 (whichever is greater).
  • Contactless payments. This card has Mastercard PayPass technology that allows you to "tap and go" without entering a PIN for purchases under $100 in Australia. You can still tap to pay at other times, but may be asked to verify the purchase with a PIN or signature.

How much does the 28 Degrees Platinum Mastercard cost?

While the 28 Degrees Platinum Mastercard does offer $0 foreign fees, there are still times when specific fees and charges will apply. Use this table to find out about these rates and fees, then compare them to other travel money credit cards so you can find an option that is affordable for your needs.

  • Tip: Preload funds onto the card to avoid interest charges.
Type of feesCharges/ cost
Cash advance fee3% of the cash advance or $4 (whichever is greater)
Annual fee$0
International transaction fee$0
Variable interest rate on purchases21.99% p.a.
Interest-free daysUp to 55 days
Late payment fee$30

Is the 28 Degrees Platinum Mastercard worth it?

If you're interested in getting the 28 Degrees Platinum Mastercard, consider the following questions to decide if it will offer value based on your spending habits and needs.

  • How often do you travel? If you regularly go overseas, this credit card could save you a lot of money on international transaction fees.
  • How much do you shop online? If you frequently pay with plastic at the online checkout, you'll find that additional charges for currency conversion and transactions that are processed overseas can quickly add up. As the 28 Degrees Platinum Mastercard does not apply these fees, it could help you make the most of online shopping bargains.
  • Are you planning to get cash out with a credit card overseas? While this card offers fee-free ATM withdrawals, if you get money out you will still be charged a cash advance fee worth 3% of the cash advance or $4 (whichever is greater). Interest will also be charged from the date of the transaction. These are standard terms that apply to most credit cards in Australia but make sure you consider these costs before you apply or use the 28 Degrees Platinum Mastercard for cash advances.
  • Do you pay off your credit card balance? The 28 Degrees Platinum Mastercard has an ongoing variable purchase rate of 21.99% p.a. that could quickly add up if you carry a balance. But if you pay the card off in full by the due date on each statement, you can enjoy up to 55 days interest-free on purchases.

Once you have considered these questions, you'll be able to weigh up the benefits and features of the 28 Degrees Platinum Mastercard to decide if it's worth it for you. Remember to also compare other $0 foreign fee credit cards so you can find one with the right features for your needs.

Frequently asked questions

Applying for and activating a 28 Degrees Platinum Mastercard

Account management for the 28 Degrees Platinum Mastercard

Fraud, security and transaction disputes

If none of these scenarios apply and you are still uncertain about one or more of the transactions on your account, then contact the 28 Degrees team immediately on 1300 552 079 so they can open an investigation and block your card if necessary.

The 28 Degrees Platinum Mastercard is a popular travel credit card option with $0 foreign transaction fees and no annual fee. Now you know more about it, you can decide if you want to apply or compare other similar cards to find one that suits your needs.

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192 Responses

  1. Default Gravatar
    BrookeMay 17, 2017

    Hi there – With the $1000 daily cash withdrawal limit, does the same limit apply for transactions using the card online or in-store? Is there a daily limit on spend? Thank you

    • finder Customer Care
      MayMay 17, 2017Staff

      Hi Brooke,

      Thank you for your inquiry.

      Basically, your credit limit (given to you upon card approval) is also the total amount you can spend on your card for your in-store or online purchases. This is different from your cash limit. Although, with 28 Degrees, depending on your credit and cash limit, you are allowed to withdraw up to $1,000 per day at an ATM and up to $3,000 per day over the counter at a financial institution.

      Cheers,
      May

  2. Default Gravatar
    VickiApril 2, 2017

    I am going away and have a $1000 limit on my 28% card. I want to load it with $3000 before I go, however I don’t want to withdraw any cash just use it as a credit card. So that would mean my money would be used up first and then the credit limit of $1000. Basically giving me $4000 worth of credit.

    • finder Customer Care
      MayApril 2, 2017Staff

      Hi Vicki,

      Thank you for your inquiry.

      Yes, with 28 Degrees MasterCard, you can load it with cash to have a positive limit. If it’s on credit, the funds that will be used up first will be your own money. In case you will withdraw cash from your card, please note that you’d still be charged a fee of 3% of the cash advance or $4 (whichever is greater). For more information on fees, please refer to the details above or click on the green “Go to site” button to head over to 28 Degrees MasterCard’s official website.

      Cheers,
      May

  3. Default Gravatar
    MattJanuary 13, 2017

    Hi,

    If i have pre-loaded money on my 28 degrees card and go to take cash out @ the ATM will i only be charged the ATM fee of that specific ATM? (no cash advance fee?)

    • finder Customer Care
      MayJanuary 13, 2017Staff

      Hi Matt,

      Thanks for your question.

      If your 28 Degrees is in credit or have a positive balance, when you withdraw your money from an ATM, you won’t be charged an ATM fee and cash advance interest by 28 Degrees. However, you will still be charged CA fee of 3% of the cash advance or $4 (whichever is greater) and the local ATM operator may also charge a fee.

      Cheers,
      May

    • Default Gravatar
      January 13, 2017

      Hi

      OK I’m a little bit confused. I understand the cash advance fee when there is no pre loaded money on the card, however if I have $200 on my card, take out $200 will I still be charged a cash advance fee?

      I understand the ATM fee.

    • finder Customer Care
      MayJanuary 13, 2017Staff

      Hi Matthew,

      Thanks for getting back.

      Sorry about the confusion here. Unfortunately, the 28 Degrees credit card cash advance fee is charged every time this is used for an ATM withdrawal. So even if your card is in a positive balance, you will be charged a CA fee of 3% of the cash advance or $4 (whichever is greater). The only fee you won’t get billed in this case is the cash advance interest.

      Cheers,
      May

  4. Default Gravatar
    DeeOctober 19, 2016

    How long is the expiry date on 28 Degrees Mastercard credit card?

    • finder Customer Care
      JasonNovember 2, 2016Staff

      Hi Dee.

      Thank you for your inquiry.

      The expiration date of a 28 Degrees Mastercard will depend on the date indicated at the front part of the card.

      Cheers,
      Jason

  5. Default Gravatar
    WillOctober 11, 2016

    I may need to make a cash advance of up $18,000 as a direct deposit into my foreign bank account to satisfy long term visa requirements. This money only to keep the foreign account at a govt mandated balance for a month, thereafter another revenue source will allow the advance to be repaid in full. I have been granted maximum credit due to my good credit status. Will I be able to borrow this amount in one transaction, and is it correct the maximum charges won’t exceed $30? Also, is the interest that is triggered upon successful transaction additional to this? And if so is it the current p.a. rate? Thank you.

    • finder Customer Care
      MayNovember 4, 2016Staff

      Hi Will,

      Thank you for your inquiry and sorry for the delayed reply.

      1. Will I be able to borrow this amount in one transaction, and is it correct the maximum charges won’t exceed $30?
      Your available cash limit can be found under ‘Account Summary’ in the Online Service Centre, so you may need to log into your account to access this. You can also view this in your statement. Please note though that your available cash limit can be different from your credit limit and keep in mind that daily cash withdrawal limits apply.

      The fee for withdrawing cash will be 3% of the cash advance or $4 (whichever is greater).

      2. Also, is the interest that is triggered upon successful transaction additional to this? And if so is it the current p.a. rate?
      Yes, the cash advance interest will be charged and the rate would be 21.99% p.a.

      Cheers,
      May

  6. Default Gravatar
    27degreesOctober 7, 2016

    $0.95 is charged by 28 Degrees when you make your credit card payments through online (including BPay) and they also charge $2.50 when payments are made in person. There is no fee when pay your bill via Online Service Centre, but a visit to their Facebook page shows many customers cannot actually login and use that facility!

  7. Default Gravatar
    ZazOctober 5, 2016

    How could I check the FX rate charged?
    Also, I am given the possibility to choose to pay in the country’s currency or in AUD (and then translation). what is the difference and what is best for me?

    • finder Customer Care
      MayNovember 4, 2016Staff

      Hi Zaz,

      Thank you for your inquiry. As finder.com.au is a comparative financial service, we can’t actually recommend one specific service or product to our users as the best option depends ultimately on your own financial situation.

      With 28 Degrees, one of its benefits is that you won’t get charged for the international fee or currency conversion fee. Since this card is a credit card (but you can load funds into it), you will only have AUD on the account, so conversion from AUD to another currency will apply. The exchange rate varies daily and will depend on the FOREX rate on the date of the transaction and the MasterCard conversion tool will be used.

      Cheers,
      May

  8. Default Gravatar
    SowmyaJuly 23, 2016

    Disappointed that 28 degrees is now charging 95c per payment from my bank account via BPay. What is the reasoning behind this? I have all my statements sent online.

    I think I will be cancelling this card soon as I pay my current bill.

    • finder Customer Care
      MayJuly 28, 2016Staff

      Hi Sowmya,

      Thanks for your inquiry. Please note that you have come through to finder.com.au we are an Australian financial comparison website and general information service, not actually 28 Degrees.

      I’m sorry to hear about your disappointment about the payment handling fee that was charged to you. The $0.95 is indeed charged by 28 Degrees when you make your credit card payments through online (including BPay) and they also charge $2.50 when payments are made in person. There is no fee when pay your bill via Online Service Centre.

      For your reference, I’ve sent you the link where you can find the fees and rates charged by 28 Degrees.

      Cheers,
      May

  9. Default Gravatar
    AliceJuly 12, 2016

    How difficult is it to balance transfer from a 28 degree mastercard to say 0% interest for 18 months mastercard after your travels?
    like what are the charges involved?

    • finder Customer Care
      LouJuly 13, 2016Staff

      Hi Alice,

      Thanks for your question.

      It just takes about 10 – 15 minutes to apply for a balance transfer card online. Your approval depends on your eligibility and financial condition as supported by the documents the bank will require you to submit. Some balance transfer credit cards will charge you with one-time balance transfer fee which is generally 1% to 3% of the total balance being transferred.

      If you are looking for a credit card with 0% balance transfer rate for up to 18 months, you can compare your options on this page. You can find some cards with Mastercard logo.

      Cheers,
      Anndy

  10. Default Gravatar
    BGJune 3, 2016

    Hi, what is the minimum amount of credit allowable for this credit card?

    • finder Customer Care
      LouJune 3, 2016Staff

      Hi BG,

      Thanks for your comment.

      28 Degrees Platinum MasterCard has a minimum credit limit of $6,000.

      Cheers,
      Anndy

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