Latitude Financial Services Credit Cards

Latitude Financial Services is a provider of credit cards, personal loans and car loans.

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If you’re considering a credit card from Latitude, check out what’s on offer with our comparison table, based on a monthly spend of $2,000.

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Types of Latitude credit cards

At the time of writing, Latitude offers the following credit cards:

  1. Latitude Gem Visa
  2. Latitude GO Mastercard
  3. Latitude 28 Degrees Platinum Mastercard
  4. Latitude CreditLine
  5. Latitude Low Rate Mastercard
  6. Latitude Infinity Rewards Visa

We have summarised below some of the key features of these credit cards, according to the information available on G&C Mutual Bank’s website at the time of writing.

More information about Latitude credit cards

Latitude Gem Visa

Features

  • Card type: Visa
  • Establishment fee: $0
  • Annual fee: $99
  • Interest-free period: Up to 55 days interest-free for purchases under $250 and up to six months for purchases over $250
  • Insurance available: This card provides shopper’s protection insurance for existing policy holders, however Latitude are not currently issuing new policies.
  • Contactless: Contactless payments are enabled via Visa payWave and can be used with any eligible mobile or wearable device, including Apple Pay, Google Pay, Samsung Pay, Garmin Pay and Fitbit Pay.
  • Online: Online banking is available using the Gem Visa Online Service Centre
  • Security: This card is protected by CHIP technology, fraud protection and Verified by Visa

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Latitude GO Mastercard

Features

  • Card type: Mastercard
  • Establishment fee: $25 (one-off payment)
  • Annual fee: $0 
  • Account servicing fee: $5.95 per month
  • Interest-free period: Up to 55 days on all card transactions. There are also 12, 18, and 24 month interest-free payment plans available that provide flexible repayment options.
  • Insurance available: Buyer’s Protection insurance are available for existing policy holders, however, the GO Mastercard website states that no new policies are being issued.
  • Contactless: Contactless payments are enabled via Mastercard PayPass and can be used with any eligible mobile or wearable device, including Apple Pay, Google Pay, Samsung Pay, Garmin Pay and Fitbit Pay.
  • Online: Online banking is available using the GO Mastercard Online Service Centre.
  • Rewards program: This card rewards spending with one GO Reward Point for every dollar spent. GO Rewards Points may be redeemed on items such as homewares, electronics and movie tickets via the GO Rewards Program.

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Latitude 28 Degrees Global Platinum Mastercard

Features

  • Card type: Mastercard
  • Minimum credit limit: $6,00
  • Annual fee: $0
  • Global transaction and currency conversion fees: $0
  • Interest-free period: Up to 55 days on purchases
  • Rewards program: The card includes a Flight Delay Pass which provides you and four others with free access to select airport lounges, drinks and Wi-Fi if your flight is delayed.
  • Insurance available: This card offers Shopper’s Protection for existing policy holders, however, Latitude says no new policies are being issued.
  • Contactless: Contactless payments are enabled via Mastercard PayPass and can be used with any eligible mobile or wearable device, including Apple Pay, Google Pay, Samsung Pay, Garmin Pay and Fitbit Pay.
  • Online: Online banking is available using the 28 Degrees online portal.

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Latitude CreditLine Card

The CreditLine card is now exclusively offered by Apple, and is available from both their online store and in Apple stores. CreditLine allows you to buy Apple products on interest-free payment plans.

Latitude Low Rate Mastercard

Features

  • Card type: Mastercard
  • Annual fee: $69 per year
  • Additional cardholder fee: No fees for additional cardholders
  • Interest-free: Up to 55 interest-free days on everyday credit card purchases, when you have paid the full closing balance on each statement of account by the due date.
  • Insurance available: This card offers purchase protection insurance which covers theft or accidental damage of eligible items purchased on your card; price protection which covers you for up to 30 days where you find another retailer advertising a lower price on an item you purchased in a physical store; and extended warranty on certain eligible products purchased using your cards (claim limits apply for all insurance types).
  • Contactless: Contactless payments are enabled via Mastercard PayPass and can be used with any eligible mobile or wearable device, including Apple Pay, Google Pay, Samsung Pay, Garmin Pay and Fitbit Pay.
  • Online: Online banking available using the Latitude Online Service Centre or via the Latitude mobile app which is available for both iOS and Android.

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Latitude Infinity Rewards Visa

  • Card type: Visa
  • Minimum credit limit: $1,000
  • Annual fee: $69 per year
  • Additional cardholders: $9 each year per additional cardholder
  • Interest-free: Up to 55 interest-free days
  • Insurance available: This card offers purchase protection, price protection and extended warranty for claims up to $1,000 per year.
  • Contactless: Contactless payments is enabled via Visa payWave and can be used with any eligible mobile or wearable device, including Apple Pay, Google Pay, Samsung Pay, Garmin Pay and Fitbit Pay.
  • Online: Online banking available using the Latitude Online Service Centre or via the Latitude mobile app which is available for both iOS and Android.
  • Rewards: This card earns one Infinity Rewards point for every dollar spent on eligible purchases. Infinity Rewards points can be redeemed on electronics, giftcards or fuel and groceries, among other things. Visa also offer exclusive deals and discounts for Visa card customers.

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Latitude Financial Services FAQs

To be eligible for one of Latitude’s credit card products, you must meet several eligibility criteria:

  • Be at least 18 years old
  • Be an Australian citizen or permanent resident

If you meet the eligibility criteria above, you can apply for a Latitude credit card by completing an online application through the Latitude Financial website or over the phone for the card of your choice.

According to the Latitude website, the following items are needed in order to complete an application:

  • A copy of your driver’s licence, passport or proof of age card
  • Details of your income, assets and debts
  • Your employer’s name and contact details

Latitude also says that an application takes about 10 minutes and you will have a response from Latitude 60 seconds after applying.

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You will have to activate the credit card when it arrives before you are able to use it. The activation process may vary slightly for each of Latitude’s credit card products. For example, with the Gem Visa, you can activate your card over the phone. Contact Latitude for more information. 

All latitude cards are accessible online through an online service centre where you can login to check your balance, request changes to your credit limit and more. There is also a Latitude mobile app that allows you to access your credit card account and make payments via bank transfer.

When interest is charged

Interest is charged on purchases when you carry a balance on your Latitude credit card. Latitude calculates interest daily on the remaining unpaid balance of your account. Interest is charged on cash advances from the date of withdrawal.

When interest is not charged

Depending on which card you apply for, an interest free period may apply to Latitude credit card purchases. Interest-free days will only be available if you have paid the balance in full for the previous month’s statement and for the current month’s statement. 

Interest-free payment plans are slightly different. Interest-free payment plans will not be charged interest during the scheduled repayment period.

Your initial credit limit is set out in your application based on the information that you provide in your application. You can apply to increase or decrease your credit limit at your own discretion, and Latitude may approve or reject a request based on their lending criteria.

You can close your Latitude credit card by filling out the Close Account Form on the Latitude website.  Your card balance will need to be repaid in full before your account can be closed. You will continue to receive monthly statements until your card balance is fully repaid.

If you’re cancelling your credit card because you are not satisfied with it, then consider checking out what else is on the market by clicking the button below to compare credit cards using the Canstar website:

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Founded as GE Consumer Finance Australia and New Zealand, it was rebranded as Latitude Financial Services in 2015 after being acquired by Värde Partners, Deutsche Bank, and KKR. According to the Latitude Financial Services website, it currently has 2.6 million customer accounts and supports more than 1,900 merchant partners across Australia and New Zealand.

If you’re comparing credit cards, the table below displays a snapshot of the low interest credit cards currently available on Canstar’s database for Australian’s looking to spend around $2,000 per month. Please note that this table features links direct to the providers website, and is sorted by Star Rating (highest to lowest). Use Canstar’s credit card comparison selector to view a wider range of credit cards..

Written by: Sam Bloom | Last updated: November 5, 2019