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The Latitude Gem Visa is a credit card that gives you a few different ways to shop interest-free. It has partnered with a range of stores around Australia to offer interest-free payment plans that range from 6 to 60 months, depending on the offer. It also offers 0% p.a. for 6 months automatically when you make purchases over $250 and up to 55 days interest-free on eligible everyday purchases.
21.45% p.a.
Purchase rate
$107.4 p.a.
Annual fee
55 days
Interest free period
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Product Name | Latitude Gem Visa |
---|---|
Balance transfer revert rate | Cash Advance Rate (24.99% p.a.) |
Purchase rate p.a. | 21.45% |
Annual fee | $107.40 |
Interest-free period | Up to 55 days on purchases |
Cash advance rate | 24.99% p.a. |
Min credit limit | $1,000 |
Card type | Visa |
Foreign currency conversion fee | 3% |
Available to temporary residents | Yes - Conditions apply |
---|---|
Joint application | No |
Bonus points | N/A |
---|
Annual fee | $107.40 |
---|---|
Minimum monthly repayment | 3% of the closing balance or $25, whichever is greater |
Late payment fee | $30 |
Foreign currency conversion fee | 3% |
Cash advance fee | 3% or $3, whichever is greater |
Overseas cash advance fee | 3% |
Review by
Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.
October 24, 2019
Is it possible to withdrawal cash from gem visa card. ??
October 25, 2019
Hi CSB,
Thanks for your comment. Yes, you can access cash using your Latitude Gem Visa to make cash withdrawals from any ATM displaying the Visa logo. When withdrawing cash overseas, your account will be debited for the amount in Australian dollars at that day’s exchange rate, for further details refer to your Gem Visa card Conditions of Use.
Hope this helps and feel free to reach out to us again for further assistance.
Best,
Nikki
October 17, 2019
Hi
Just wondering how the credit limits work on my card? So i want to buy a bed but it cost more than my limit. I want to pay off in installments l. Can I do this?
October 17, 2019
Hi Kata,
Thanks for reaching out to us. Generally, you are not allowed to purchase any amount on the card that is higher than your credit limit and you would have to request a credit limit increase and if approved, then you can purchase the bed you are looking to buy.
You are able to pay the bed in installments. You can find the Interest-free payment plans of the card by reading “CARD BENEFITS.”
Hope this helps and feel free to reach out to us again for further assistance.
Best,
Nikki
September 27, 2019
Can I spend over my card limit?
September 28, 2019
Hi Zac,
Thanks for getting in touch! Generally, credit cards have an overdraft limit when you have used up your credit limit. You’ll receive a message within 2 business days via either email, SMS or post from the time your account goes over limit. This is a free service provided to you. You should only receive one over limit alert between each statement period. There are no charges for going over your credit limit.
We recommend checking your transactions and monitoring your balance via the Latitude Online Service Centre.
Hope this helps!
Best,
Nikki
July 30, 2019
Do you have 55 days to pay off cash advance before interest affects it or is it only the interest of 3% or $30 which ever is greater?
So let’s say, I took out $450 how long do I have to pay it off and what is the interest?
July 30, 2019
Hi Jarvis,
Thank you for getting in touch with Finder.
The charge of 3% of your transaction value or $3, whichever is greater, is called the cash advance fee. If you take out $450 cash from your Gem Visa card you will see a $13.50 added to your $450 withdrawn cash and the balance will earn 24.99% p.a. as cash advance interest rate. Unlike purchases, cash advance transactions are not eligible for interest-free days. The transaction accrues interest at the cash advance rate of interest from the time it is made until you pay it off in full.
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
October 17, 2018
Hi I’m Brad, I just want to know if I spend $1500 on my Gem card at a retailer not on the list does that still give me 6 months free interest . And if I only repay $1000 in the 6 months do I only pay interest on the $500 balance
October 22, 2018
Hi Brad,
Thank you for getting in touch with finder.
It is YES on both of your questions. If you use this Gem Visa card outside the partner network to make a purchase of $1500 – which is more than $250, you don’t have to pay any interest for 6 months. Now, if you just pay $1000 within 6 months, the remaining balance of $500 will be charged at 24.99% p.a.
I hope this helps.
Please feel free to reach out to us if you have any other enquiries.
Thank you and have a wonderful day!
Cheers,
Jeni