|Balance Transfers Offers||N/A|
Rates & Fees
|Ongoing Purchase Interest Rate||21.99%|
|Maximum free days||Up to 55|
|Late Payment Fee||$20|
|Over Limit Fee||$0|
|Currency Conversion Fee||0%|
|Overseas ATM Charges||$4 or 3% (the higher of)|
|Estimated ATM Cost for AU$300 withdrawal||$9.00|
|$ Minimum Repayment||$30|
|% Minimum Repayment||2.5%|
|Minimum Credit Limit||$6,000|
|Maximum Credit Limit||No Limit|
About Latitude Financial Services - 28 Degrees Platinum Mastercard
The 28 Degrees MasterCard has gained a reputation on having features to make international travel and purchases easier, which has made this platinum card is a popular option for the jet-set. The card gets regular mentions by a range of travel forums and review sites.
The card has no annual fee and no currency conversion fee, which is uncommon for cards branded as Platinum.
The fees for the GE Money 28 Degrees MasterCard
The 28 Degrees MasterCard is a no annual fee credit card, with features that appear may appeal to regular travellers and online shoppers. Fees for this card include:
- No annual fee
- No fees on international purchases
- Zero currency conversion fees
- Australian Post payments — $2.00
- Late payment fees — $20
- Paper statement fee — $2.00
The interest rate on the card is 20.99 percent, as is the cash advance interest rate. There is a cash advance fee — 3 percent or $4, whichever is greater.
What features does the 28 Degrees MasterCard have?
The regular features that this card has includes a 55 day interest free period, if the statement before was paid in full, and so is the statement in which the purchase price is paid. There is also free emergency card replacement — wherever you are in the world.
Is there more?
As previously mentioned, this is a card geared towards international travel. Aside from the international purchase benefits previously mentioned, this low fee international credit card includes additional benefits.
Online international transactions can make a big impact on the overall cost of spending when travelling — so travellers are drawn to the fact there are no currency conversions or transaction fees. There is however a fee for getting cash out at ATM’s overseas, which limits the main travel benefit of the card to purchasing rather than drawing out cash. You can also access 28 Degrees' worldwide concierge, free of charge.
The concierge service is like your telephonic personal assistant. If you've just stepped off your plane after a delayed flight, you can call up the 28 Degrees Platinum Customer Solutions line, ask for the concierge and ask them to find a nice restaurant for dinner.
They search options and present them to you with the cost information, then if you'd like them to, they'll make a reservation for you and help arrange other things you may need. The same applies to securing concert tickets, making hotel bookings or whatever you can think of - provided you make sure you're within the Conditions of Use.
Travel not essential...You can also benefit from the zero currency conversion fee when shopping online from overseas retailers. If the website you are using does not convert your shopping cart to AUD, normally you will get charged a fee for your credit card transaction if it is in a different currency. This is not the case with the 28 Degrees MasterCard.
Other things to note
As this is a platinum card, there is a minimum opening account balance of $6000. The card also gives you optional access to insurance from preferred suppliers, which will protect you while at home or abroad. You can ask for shopper's protection, which covers your purchases from theft, damage or loss for 6 months from the purchase date.
Other insurance options include paying the balance of your card (up to $20,000) if you pass away, or 10 percent of your monthly balance for up to three years if you are unexpectedly unemployed due to illness or injury and can no longer work. You can even get a year's cover like this if you lose your job and are unemployed.