Latitude Low Rate Mastercard - Annual Fee Offer

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Balance transfer rate for 12 months with 3% balance transfer fee: 6.99% p.a.
Purchase rate: 13.99% p.a.
Annual fee for the first year ($69 p.a. thereafter): $0 p.a.
Interest-free on purchases: Up to 55 days

Our verdict

Save with a $0 annual fee in the first year and earn 3% back in Latitude Rewards.

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 as a new customer, get approved by 12 January 2026, make a purchase on the card and choose this offer, you can save with a $0 annual fee in the first year, reverting to $69 p.a. thereafter.

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

$0 first-year annual fee ($69 p.a. after)
3% back in Latitude Rewards
6.99% p.a. on balance transfers for 12 months

Cons

Charges a 3% balance transfer fee and the 29.99% revert rate is relatively high

Details

Product details

Product Name	Latitude Low Rate Mastercard - Annual Fee Offer
Balance transfer rate p.a.	6.99% for 12 months with 3% balance transfer fee, then 29.99%
Balance transfer limit	85% of available limit
Purchase rate p.a.	Purchase rate p.a.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

Annual fee offer. New customers who apply and get approved by 12 January 2026, make a purchase on the card in the first 90 days and choose this offer can receive a $0 annual fee for the first year.
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.

Balance transfer offer. This card has a balance transfer rate of 6.99% p.a. for the first 12 months, with 3% balance transfer fee. After the introductory period, the interest rate reverts to the variable cash advance rate of 29.99% p.a.
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 p.a. 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.
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.

Sources

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 Senior Money Editor, with over eight years of experience in home loans, property, credit cards 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 started his career in education and textbook publishing in South Korea. He 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 Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full profile

Latitude Low Rate Mastercard – Annual Fee Offer

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

Sources

Sources

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