Latitude Mastercard – Rates & Fees

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 NameLatitude 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 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
Joint ApplicationYes
Annual fee$69 p.a.
Minimum Monthly Repayment2.4% 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 FeeGreater of $1.95 or 3% of the cash advance amount
Overseas ATM Withdrawal Fee$4
Gambling Transactions AllowedNo
Additional Cardholder Fee$0
Number of Additional Cardholders9

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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Credit Cards Comparison

Rates last updated March 22nd, 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. Ends 31 March 2019.
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
0% p.a. for 22 months on balance transfers with no BT fee. Plus, a yearly annual fee refund when you spend $6,000 and 2 lounge passes per year.
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.

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* 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.

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