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Latitude Low Rate Mastercard

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Save with a low 9.89% interest rate for purchases and a competitive annual fee.

A no-frills card suited to those looking to save, the Latitude Low Rate Mastercard offers a competitive interest rate, protection for your purchases and a low minimum credit limit.

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
Purchase rate9.89% p.a.
Annual fee$69
Interest-free period55 days
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
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

Expert review

Amy Bradney-George

Review by

Amy Bradney-George is the acting editor for credit cards and has more than 13 years’ experience writing about personal finance. She has bylines in publications including The Sydney Morning Herald, ABC News and The Equity Magazine. A passionate writer, she’s also acting editor for Finder X and senior writer for Finder Green. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not writing she spends her time as an actress.

Expert review

The combination of a competitive purchase rate and annual fee on the Latitude Low Rate Mastercard could help you keep credit card costs down. When compared to other low rate cards, the 9.89% p.a. interest rate for purchases is at the lower end of the scale and could help you save on interest charges if you want to pay off purchases over time. The $69 annual fee is also competitive with other cards in this category.

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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  1. 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. 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.


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