Latitude Low Rate Mastercard

Save with a competitive purchase interest rate and low annual fee with the Latitude Low Rate Mastercard.

The Latitude Low Rate Mastercard is designed to suit cardholders who want to cut their card costs with a competitive purchase interest rate. Plus, 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. Cardholders can shop with peace of mind thanks to price protection, purchase protection and extended warranty covers.

Product NameLatitude Low Rate Mastercard
Purchase rate (p.a.) 11.99% p.a.
Annual fee$69 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)20.99% p.a.
Card TypeMastercard
Foreign Currency Conversion Fee (MC)
Charged when you make a transaction that is converted by Mastercard from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available To Temporary ResidentsNo
Annual fee$69 p.a.
Late Payment Fee$30
Foreign Currency Conversion Fee (MC)
Charged when you make a transaction that is converted by Mastercard from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Overseas Cash Advance Fee$1.95 or 3% of the cash advance or cash equivalent transaction, whichever is greater
Overseas ATM Withdrawal Fee$4
Additional Cardholder Fee$0

Pros

  • Save with a 11.99% p.a. on purchases and balance transfers.
  • This card charges a low $69 annual fee.
  • Receive up to 55 days interest-free on purchases when you pay your balance in full by the statement due date.

Cons

  • This is a basic card that offers none of the perks like travel insurance or a rewards program.

Benefits of the Latitude Low Rate Mastercard

  • Purchase interest rate. This card has a competitive 11.99% p.a. standard 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.
  • Purchase protection. You can shop with peace of mind thanks to purchase protection. If an eligible purchase is accidentally damaged or stolen within 90 days, Latitude will help repair or replace it.
  • Extended warranty. You'll receive an additional one-year warranty on eligible purchases that have an existing one- to two-year manufacturer's warranty.
  • 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.

Rates and fees of the Latitude Low Rate Mastercard

  • Annual fee. This card charges a $69 p.a. annual fee.
  • Cash advance interest rate. If you use this card to make a cash advance (such as an ATM withdrawal), you'll be charged 20.99% p.a. interest.
  • Additional cardholder. You can request additional cardholders for $0.
  • 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.

How to apply for the Latitude Low Rate Mastercard

If you've compared your options and decided the Latitude Low Rate Mastercard is right for you, you can apply for the card online. Just make sure you meet the following eligibility requirements and prepare the necessary documents before you apply:

Eligibility criteria

  • You must be at least 18 years old.
  • Only permanent Australian residents can apply.

Required information and documents

  • Identification. You'll be asked to provide a copy of your driver's licence, passport or proof of age card.
  • Finances. You'll need to provide details of your income, assets and debts.
  • Employment. Be prepared to list employer's name and contact number.

The Latitude Low Rate Mastercard boasts features for cardholders who want to take advantage of complimentary protection cover while avoiding high interest rates. As this isn't the only low interest rate credit card on the market, make sure to compare your options before you apply.

Back to top
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

2 Responses

  1. Default Gravatar
    TomMarch 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?

    • Avatarfinder Customer Care
      NikkiMarch 6, 2019Staff

      Hi Tom,

      Thanks for reaching out to Finder. On this page, you’ll find a list of providers that accept applications without income. Just go to the part of the page that says “What discounts and eligibility criteria apply to student personal loans?” and review the eligibility of each provider carefully. 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.

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

      Best,
      Nikki

Credit Cards Comparison

Rates last updated May 24th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
ME frank Credit Card
11.99% p.a.
$0 p.a.
Save money with an ongoing $0 annual fee, the same low 11.99% p.a. interest rate on purchases and cash advances, and up to 55 days interest free.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
Go to site