28 Degrees MasterCard

Information correct at 12/09/2016.

28 Degrees is a credit card product provided by Latitude Financial Services. Latitude Financial Services is also a provider of other credit cards, personal loans and car loans, personal insurance, and interest-free and promotional retail finance.

“Travel overseas without getting overcharged on fees… Really.”

What is the 28 Degrees MasterCard?

28 Degrees Platinum MasterCardThe 28 Degrees credit card is a credit card designed for international travel and online shopping. It has no fees on overseas purchases, no currency conversion fee, and no foreign transaction fees. Even if you never leave the country, this card still offers benefits when making international purchases in your online shopping.

On top of all that, it has no annual fee.

This card won our CANSTAR 5-star rating for outstanding value travel credit cards in 2015 and 2016.

Source: 28 Degrees Platinum MasterCard

The inclusions mentioned represent a selection of what is covered at the time of writing. Additional terms and conditions may apply to different features. Additional fees may apply to the product. CANSTAR is not making any suggestion or recommendation to you about this product. Please ensure that you read the product disclosure statement to determine all the current options and inclusions for the product you are considering.

Compare Credit Cards

About the 28 Degrees Platinum MasterCard


  • Card type: MasterCard
  • Minimum credit limit: $6,000
  • Concierge: 24/7 personal concierge available worldwide.
  • Insurance (optional):
    • Shopper’s Protection Insurance costs 0.5% of your monthly balance (up to $50/month) and includes the following cover:
      1. Price Protection – claim back the difference if you find the same product for a lower price within 6 months of purchase.
      2. Merchandise Protection – protects your purchases for up to 6 months for the cost of repair or replacement after loss, theft, or damage.
  • Stolen Card Protection – if your card is stolen, the provider pays you $200 for the inconvenience.
  1. Repayment Cover – pays 10% of your monthly closing balance for up to 3 years while you are off work due to illness or injury, or for up to 1 year while you are unemployed.
  2. Life Cover – if you should die, the balance of your card is paid in full up to $20,000.
  • Optional Overseas Travel Insurance with Southern Cross Travel Insurance, for an additional cost.
  • Security: Card protected by MasterCard SecureCode for security verification of online shopping purchases, chip protection, anti-fraud protection, and The Falcon fraud detection system. Worldwide emergency credit card replacement for free.

Rates and Fees

  • Interest rate on purchases: 99% p.a.
  • Interest free days: Up to 55 days if balance paid in full every month
  • Cash advance rate: 99% p.a.
  • Cash advance fee: Greater of 3% or $4
  • Balance transfer rate: 99% p.a.
  • Balance transfer fee: $0
  • Annual fee: $0
  • Minimum monthly repayment: Greater of 2.5% of balance or $30
  • Payment handling fee: $2.50 in person or $0.95 online
  • International fees:
    • No overseas purchase fee.
    • No currency conversion fee.
    • No foreign transaction fee.
  • Paper statement fee: $2.50
  • Late fee for overdue minimum payment: $20
  • Over-the-limit fee: $0
  • Dishonour fee: $0

Compare Frequent Flyer Credit Cards

Eligibility to apply for 28 Degrees MasterCard

To apply for the 28 Degrees MasterCard product, you must be able to satisfy the following criteria:

  • At least 18 years old.
  • Permanent Australian resident.
  • Good credit rating.
  • If self-employed, you will need your accountant’s phone number.

CANSTAR provides an information service. It is not a credit provider, and in giving you information about credit products CANSTAR is not making any suggestion or recommendation to you about a particular credit product.

If you decide to apply for a credit card you will deal directly with the financial institution, and not with CANSTAR. Rates and product information should be confirmed with the relevant financial institution. For more information, read our detailed disclosure, important notes, and additional information.

About Latitude Financial Services

Latitude financial services

28 Degrees MasterCard is a credit card product provided by Latitude Financial Services, a financial institution in Australia and New Zealand that offers credit cards, personal loans and car loans, personal insurance, and interest-free and promotional retail finance.

Latitude Financial Services has more than 3.1 million customers and employs more than 4,600 employees.

Compare Credit Cards with CANSTAR

Source: 28 Degrees Platinum MasterCard

Written by: TJ Ryan