Our verdict

Enjoy 3% back in Latitude Rewards and pick the offer that suits you: 6.99% p.a. on balance transfers for 12 months, 0% p.a. purchase rate for 9 months, or a $0 first-year annual fee.

The Latitude Low Rate Mastercard is a no-frills credit card designed for those looking to save on everyday spending. With a competitive interest rate, low annual fee and flexible promotional offers, it suits cardholders who want simplicity and value. Right now, if you apply by 02 September 2025, you can choose from one of the three introductory offers: 0% p.a. interest on purchases for the first 9 months, $0 annual fee for the first year, or 6.99% p.a. on balance transfers for 12 months.

This card also includes complimentary E-Commerce Purchase Protection Insurance, plus 3% back in Latitude Rewards when you set up recurring payments directly with participating utility, telco, and streaming service providers.

Pros

Choose one: 0% interest on purchases for 9 months, $0 first-year annual fee, or 6.99% p.a. on balance transfers for 12 months
3% back in Latitude Rewards
Low ongoing 13.99% p.a. purchase rate
Complimentary E-Commerce Purchase Protection Insurance

Cons

If you choose the balance transfer option, a 3% balance transfer fee applies
29.99% p.a. cash advance rate is relatively high

Details

Product details

Product Name	Latitude Low Rate Mastercard
Purchase rate p.a.	Purchase rate p.a.0% for 9 months, then 13.99%
Interest-free days	Up to 55 days on purchases
Cash advance rate p.a.	29.99%
Min credit limit	$1,000
Card type	Mastercard

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Rewards program	Latitude Rewards
Bonus points	N/A

Fees

Annual fee	$0 first year ($69 after)
Minimum monthly repayment	3% of the closing balance or $25, whichever is greater
Late payment fee	$45
Foreign currency conversion fee	3%
Cash advance fee	3.5% of transaction value or $4, whichever is greater
Additional cardholder fee	$0

How to apply

You can apply for the Latitude Low Rate Mastercard online in a few minutes and should get a response within 60 seconds of submitting your completed application. Before you apply, make sure you meet the following eligibility requirements and have all the documents and details needed to apply.

Eligibility criteria

Age. You must be at least 18 years old to apply.
Residency status. You are an Australian citizen or permanent resident. If you are a temporary resident and want to apply, you must have a valid visa with at least 12 months remaining.

Required documents

Personal details. This includes your full name, date of birth, email address, phone number, residential address, marital status and number of dependents. You also need to provide a valid form of ID, such as your passport and driver's licence.
Employment details. This covers your employment status, salary, job title and employer's contact details. You may also need to provide recent payslips, bank statements or other documents that verify this information.
Financial details. This includes other forms of income, such as pension or government payments, your assets and savings, as well as any existing loans, cards and debts. You also need to share details of your regular household expenses, such as rent or mortgage payments, bills and groceries.

Card benefits

Introductory offers. Apply for a new Latitude Low Rate Mastercard by 2 September 2025 and choose from one of the three offers below. Note that these offers cannot be combined.
- 0% p.a. interest rate on purchases for the first 9 months,
- $0 annual fee for the first year, or
- 6.99% p.a. on balance transfers for 12 months, with 3% balance transfer fee
3% back in Latitude Rewards. Earn 3% back in Latitude Rewards when you set up recurring payments directly with participating merchants, including utilities, telecommunications and, streaming services.

Complimentary E-Commerce Purchase Protection Insurance. This covers eligible online purchases for non-delivery, incomplete delivery, or damage at delivery (up to $270) when the seller fails to refund within 60 days.
Mobile payments. You can use this card to make payments straight from a mobile device with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay or Garmin Pay.
Free additional cardholders. You can request an additional cardholder at no extra cost.

Rates & fees

Annual fee. Outside of any promotions, the Latitude Low Rate Mastercard charges a $69 annual fee.
Purchase rate. This card has a standard interest rate of 13.99% p.a. on purchases.

Cash advance rate. If you use this card to make a cash advance (such as an ATM withdrawal), interest will be charged at 29.99% p.a. This is the standard rate that applies once any promotional balance transfer period ends.
Interest-free days. If you pay your balance in full by the statement due date, you can take advantage of up to 55 interest-free days on purchases.
International transaction fee. You'll be charged 3% of the Australian dollar value if you use your card to make foreign transactions online or overseas.

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Latitude Low Rate Mastercard information PDF
2. Latitude Low Rate Mastercard TMD

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Richard Whitten is Finder’s Money Editor, with over seven years of experience in home loans, property and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Graduate Certificate in Communications from Deakin University. See full profile

Latitude Low Rate Mastercard

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