Enjoy the same interest rate on purchases and cash advances, manage your finances online and safeguard your spending with a Latitude Mastercard.
The Latitude Mastercard comes with worldwide acceptance at millions of ATMs and merchants around the world. You'll also enjoy no monthly account-keeping fees and a credit limit to suit your financial needs.
| Product Name | Latitude Mastercard |
|---|---|
| Purchase rate (p.a.) | 24.50% 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.) | 24.50% p.a. |
| Min credit limit This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure. | $500 |
| Card Type | Mastercard |
| 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 Insurance | No |
| Minimum Age | 18 years of age |
|---|---|
| Available To Temporary Residents | No |
| Joint Application | Yes |
| Annual fee | $69 p.a. |
|---|---|
| Minimum Monthly Repayment | 2.4% or $30 whichever is greater |
| 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 |
| Cash Advance Fee | Greater of $1.95 or 3% of the cash advance amount |
| Overseas ATM Withdrawal Fee | $4 |
| Gambling Transactions Allowed | No |
| Additional Cardholder Fee | $0 |
| Number of Additional Cardholders | 9 |
Benefits of using a Latitude Mastercard
- Easy access to funds. Mastercard finds acceptance at over 28 million locations the world over, so you can use this card almost anywhere your travels take you. You can use it at EFTPOS terminals and ATMs that display the Mastercard logo, and you can also use it to make online and over-the-phone transactions.
- Easy to track. The Latitude Mastercard Online Service Centre gives you easy access to all account-related information. Through this service you can receive your statements online, you can view and print current and past statements and you keep track of bills you pay via BPAY.
- Additional cardholders. You can get up to 9 additional cards linked to your primary card at no extra cost. Details of transactions made using all cards appear on a single consolidated statement.
Latitude Mastercard features
- Annual fee. The Latitude Mastercard requires that you pay a $69 fee each year you hold the card.
- Multiple repayment options. You get various options when it comes to making repayments, which include mailing cheques, making payments at Australia Post outlets, setting up payments via BPAY, and setting up direct debits using just about any Australian bank account.
- Online account management. You can access account-related information at any time of the day or night using the Latitude Mastercard Online Service Centre. Through this service you can maintain your account profile, go through your transaction history, and even apply for an increase in your card’s limit. You can grant access to the Online Service Centre to additional cardholders, as well.
- Eligible for Samsung Pay. Enjoy the convenience of making contactless payments when you shop just by tapping your qualifying Samsung device on a contactless terminal.
How to apply for the Latitude Mastercard
You can apply for the Latitude Mastercard by visiting your closest Latitude Financial Services branch. To apply for this credit card you have to meet certain eligibility criteria, which include the following:
Eligibility criteria
- You’re at least 18 years old
- You have good credit history
The application requires that you provide a host of information, so prepare to bring along certain information to the branch. This may include identification documents, details of your employment and income and information surrounding your financials.
Required documents
- Proof of identification such as your passport, driver's licence or medicare card.
- Details of your income, including any assets or government payments.
- You'll need to provide your employer's contact information. If you're self-employed, include your accountant's details.
While the Latitude Mastercard offers international acceptance and additional cardholders for free, you should compare other options to ensure you're choosing the right card before you apply.
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