Latitude Low Rate Mastercard review | Finder

Latitude Low Rate Mastercard

Last updated:  

No longer offered in the market

The Latitude Low Rate Mastercard is no longer available for new applications. We have kept the information on this page for the benefit of existing customers. You can compare the current range of Latitude credit cards here.

9.89% p.a.

Purchase rate

$69 p.a.

Annual fee

55 days

Interest free period

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Product NameLatitude Low Rate Mastercard - DISCONTINUED
Purchase rate9.89% p.a.
Annual fee$69
Interest-free periodUp to 55 days on purchases
Cash advance rate18.89% p.a.
Min credit limit$500
Card typeMastercard
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • 9.89% p.a. on purchases
  • Up to 55 days interest-free on purchases
  • Purchase insurance, price protection and extended warranty cover


  • Does not feature travel insurance or access to a rewards program
Bonus pointsN/A
Annual fee$69
Minimum monthly repayment2.22% of the closing balance or $10, whichever is greater
Late payment fee$30
Foreign currency conversion fee3%
Cash advance fee3% or $1.95, whichever is greater
Overseas cash advance fee3% of transaction amount or $1.95 (whichever is greater)
Overseas ATM withdrawal fee$4
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 do that, make sure you meet the following eligibility requirements and have all the documents and details needed to apply.

Eligibility criteria

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

Card benefits

  • Purchase interest rate. This card has a competitive 9.89% p.a. purchase interest rate.
  • Price protection. When you use your card to make an eligible purchase and the price drops within 30 days, Latitude will refund the difference.

Rates & fees

  • Annual fee. This card charges an annual fee of $69 p.a.
  • Cash advances. If you use this card to make a cash advance (such as an ATM withdrawal), you'll be charged interest at the 18.89% p.a. cash advance rate. You will also be charged a fee of 3% of transaction amount or $1.95 (whichever is greater).

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    Default Gravatar
    March 5, 2019

    is there any loan/credit card I can apply for given I’m a full time student on scholarship and my other form of employment is recently commenced self employed contracting?

      Default Gravatar
      March 6, 2019

      Hi Tom,

      Thanks for reaching out to Finder.

      You may refer to our list of student personal loans. Please use our table to help you find the lender that suits you. Before lodging an application, read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy. When you are ready, press the ‘Go to site’ button to apply.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.


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