CreditLine

Shop interest-free at Apple both in-store and online but watch out for the revert interest rate.

The CreditLine credit card from Latitude Financial offers interest-free finance for purchases of $150 or more at Apple. While actual offers vary by promotion, you can expect to up to 60-month 0% interest payment plans throughout the year – along with other seasonal offers of different lengths.

Similar to other interest-free finance products, this could be useful if you need to pay for big expenses but don’t have enough savings to pay for it all at once. But keep in mind that an interest rate of 22.99% p.a. applies if you don’t pay off the entire purchase by the end of the promotional period.

Elizabeth Barry

Last Updated Oct 26, 2021

22.99% p.a.

Purchase rate

$59.4 p.a.

Annual fee

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Details

Product Name	CreditLine
Balance transfer revert rate	Cash Advance Rate (22.99% p.a.)
Purchase rate	22.99% p.a.
Annual fee	$59.40
Interest-free period	0 interest free days
Cash advance rate	22.99% p.a.
Min credit limit	$1,000

Pros

Offers 0% interest offers on purchases of $150 or more at Apple
Monthly fee is refunded when your outstanding balance is less than $10
Includes flexible payment options

Cons

No rewards program or perks
Very high interest rate on purchases & cash advances

Bonus points	N/A

Annual fee	$59.40
Minimum monthly repayment	3% of the closing balance or $25, whichever is greater
Late payment fee	$30
Cash advance fee	3% or $3, whichever is greater
Number of additional cardholders	1

Elizabeth Barry

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Elizabeth Barry is senior editor for Finder's global financial niches. She has written about finance for over six years and has been featured in a range of publications and media including Seven News, the ABC, Mamamia, Dynamic Business and Financy. Elizabeth has a Bachelor of Communications and a Master of Creative Writing from the University of Technology Sydney. In 2017, she received the Highly Commended award for Best New Journalist at the IT Journalism Awards. Elizabeth's passion is writing about innovations in financial services (which has surprised her more than anyone else).

How to apply

You can apply for CreditLine online or in-store at Apple when you're taking out a 0% p.a. interest payment plan. It's a good idea to check that you meet the following eligibility criteria and have all the documents and details needed to complete the application.

Eligibility criteria

Residency. Australian citizens and permanent residents are eligible to apply.
Credit history. You should only apply for this card if you have a clean credit file. You can check your credit score for free through Finder.

Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, date of birth, email address, contact number, residential address and marital status. You also need to provide a valid form of ID, such as your driver's licence or passport.
Employment details. You need to provide details of your employment status, salary, job title and your employer's contact details. You may also be asked to provide recent payslips to verify these details.
Financial details. This covers your other financial details, including any other forms of income, assets and savings, along with existing debts, loans, cards or other liabilities. You also need to give an estimate of your share of regular household expenses, such as rent, mortgage payments, bills and groceries.

Card benefits

Interest-free payment plans. These plans vary by purchase amount and promotional period, but as an example you could get 0% interest for:
- 6 months on purchases from $150 - $299
- 12 months on purchases from $300 - $599
- 24 months on purchases of $600 or more
Instant activation. You don't need to wait for your physical card to arrive. If approved, you'll be able to shop with just your account number right away.

Rates & fees

Monthly fee. The CreditLine credit card charges a monthly account service fee of $4.95. This will be waived if your balance is less than $10. If you pay the monthly service fee each month, it would add up to $59.40 over a year.
Purchase rate. Outside of any promotions, this card charges a standard interest rate of 22.99% on purchases.

Minimum repayment amount. Your monthly payment varies depending on your balance and how you've used the card.
- $0 if your closing balance is $0.50 or less
- The greater of $25 or 3% of the closing balance. This excludes any part of that balance made up of advances under unexpired buy now pay later promotions, unexpired instalment interest free promotions, or unexpired promotions
- Any existing arrears
- Any amount you owe that is over your credit limit
- Any instalment payment from a promotion for that period
Cash advance rate. If you use this card to withdraw cash or make cash advance transactions, an interest rate of 22.99% p.a. will apply.
Payment handling fee. A fee of $0.95 (online) and $2.50 (in-person) applies when you make payments towards the balance on this card. This includes BPAY payments. You can avoid this fee by paying via direct debit, mail or through the Online Service Centre.

Compare other credit cards with instalment plans

Name	Purchase rate	Balance transfer rate	Annual fee	Interest-free period
Bankwest Breeze Classic Mastercard	0% p.a. for 15 months, reverts to 9.9% p.a.	0% p.a. for 15 months	$0 annual fee for the first year ($49 p.a. thereafter)	Up to 55 days on purchases	Save with 0% p.a. on purchases and balance transfers for 15 months (with no BT fee). Plus, a $0 first-year annual fee.	Go to site More Info	Compare	loading Fetching your data...
Citi Rewards Card - Purchase and Balance Transfer Offer	0% p.a. for 14 months, reverts to 21.49% p.a.	0% p.a. for 14 months	$49 annual fee for the first year ($149 p.a. thereafter)	Up to 55 days on purchases	Save with 0% on purchases and balance transfers for 14 months with no balance transfer fee. Plus, $49 first-year annual fee.	Go to site More Info	Compare	loading Fetching your data...
Bendigo Bank Low Rate Credit Card	0% p.a. for 18 months, reverts to 11.99% p.a.	13.99% p.a.	$45	Up to 55 days on purchases	Save on interest costs with 0% p.a. on purchases for up to 18 months (reverts to 11.99% p.a.). Plus, a $45 annual fee.	Go to site More Info	Compare	loading Fetching your data...
humm90 Mastercard	23.99% p.a.		$0 annual fee for the first year ($99 p.a. thereafter)	Up to 110 days on purchases	Offers $400 cashback when you spend $4,000 on eligible purchases within the first 120 days. Plus, a $0 first-year annual fee.	Go to site More Info	Compare	loading Fetching your data...
Bankwest Breeze Platinum Mastercard	0% p.a. for 15 months, reverts to 9.9% p.a.	0% p.a. for 15 months	$0 annual fee for the first year ($69 p.a. thereafter)	Up to 55 days on purchases	Get 0% interest on purchases and balance transfers for 15 months, a $0 first-year annual fee and no foreign transaction fees.	Go to site More Info	Compare	loading Fetching your data...
Bendigo Bank Platinum Rewards Credit Card	0% p.a. for 12 months, reverts to 19.99% p.a.	21.99% p.a.	$89	Up to 55 days on purchases	Offers 0% p.a. for up to 12 months on purchases, complimentary travel and purchase insurance options for an annual fee of $89.	Go to site More Info	Compare	loading Fetching your data...
St.George Vertigo Card	0% p.a. for 6 months, reverts to 13.99% p.a.	0% p.a. for 32 months	$0 annual fee for the first year ($55 p.a. thereafter)	Up to 55 days on purchases	Get a 0% interest rate on balance transfers for 32 months (with no balance transfer fee) and a $0 annual fee for the first year.	Go to site More Info	Compare	loading Fetching your data...
St.George No Annual Fee	0% p.a. for 12 months, reverts to 20.74% p.a.		$0	Up to 55 days on purchases	Save with a 0% p.a. interest rate offer and a $0 annual fee. Plus, a minimum credit limit of $500.	Go to site More Info	Compare	loading Fetching your data...
NAB StraightUp Card	0% p.a.		$0		Save with 0% interest charges and 0% foreign transaction fees. Plus, $0 monthly fees when you don't use the card or carry a balance.	Go to site More Info	Compare	loading Fetching your data...
BankSA No Annual Fee	0% p.a. for 12 months, reverts to 20.74% p.a.		$0	Up to 55 days on purchases	Offers 0% p.a. on purchases for 12 months and an ongoing $0 annual fee.	Go to site More Info	Compare	loading Fetching your data...

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2 Comments

Sonia
May 26, 2017

Are pensioners with a good record accepted?

finder Customer Care

Harold
May 26, 2017

Hi Sonia,

Thank you for your inquiry.

If you’re referring to CreditLine interest-free payments, the answer is yes. They can accept pensioners. However, you must ensure you meet their eligibility criteria:

You must be at least 18 years old.
You must be a permanent resident of Australia.

Aside from CreditLine, you can check our list of pensioner loans. On that page, there’s a table that you can compare your options. Read through the page, learn more about your loans, and select the “Go to site” button of your chosen lender.

I hope this information has helped.

Cheers,
Harold

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