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28 Degrees Platinum Mastercard

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Pros and Cons

Pros:
  • No Annual Fee
Cons:

    Basic

    Electronic Wallet Service

    Important Rates

    Rates

    Balance Transfer

    Overseas spending

    Rewards

    Eligibility

    • Free Supplementary Cards
    • Concierge

    Features

    The Latitude Financial Services 28 Degrees Platinum Mastercard is a credit card with no annual fee, high interest rates, a moderate number of interest-free days and a moderate late payment fee. The card does not have an associated rewards scheme, though Mastercard does provide exclusive offers and experiences for card holders.

    This card is known for being a sensible travel card, as it has no fees on overseas purchases both abroad and online, as well as no international currency conversion fees. The Latitude Financial Services 28 Degrees Platinum Mastercard also comes with a free concierge service that can help you plan your next holiday, as well as special travel offers for card holders.

    The card is eligible for Apple Pay, allowing customers to pay simply and securely with their phone.

    Pros
    • No annual fee
    • No overseas spending fees
    • Mastercard exclusive offers
    Cons
    • High interest rates
    • No complimentary insurance
    • No frequent flyer points

     

    Who is it good for?

    The Latitude Financial Services 28 Degrees Platinum Mastercard is best for overseas travellers. In particular, this card is suitable for regular travellers who always pay their balance in full each month, as this will avoid the card’s high interest rates.

    Although the Latitude Financial Services 28 Degrees Platinum Mastercard has advantages for travelling, the card does not have an associated rewards scheme to earn card holders points or frequent flyer miles. For credit card users who want to receive travel benefits as they spend, there are other cards on the market that earn frequent flyer points for a range of airlines.

    This card is also not well suited to budget card holders who struggle to pay their balance in full each month. Though there is no annual fee, the high interest rates may become problematic for those who regularly pay only part of their balance.

    What RateCity says

    The Latitude Financial Services 28 Degrees Platinum Mastercard may be a sensible choice for card holders who often travel overseas. The card charges no fees for international spending while abroad and also does not have a currency conversion fee, as many other credit cards do. There are also no fees for online purchases from international vendors.

    However, frequent travellers may wish to have a credit card that offers travel perks as they make purchases. Some cards have a rewards scheme that earns frequent flyer points on eligible purchases. Customers seeking frequent flyer points may be better off searching for a credit card with a rewards scheme to fit their travel preferences.

    This card may also be a reasonable choice for card holders who don’t travel overseas, but do shop online often and want to minimise costs. 

    Applying/eligibility

    In order to be an eligible applicant for the Latitude Financial Services 28 Degrees Platinum Mastercard, you must be at least 18 years of age and be either an Australian citizen or Australian permanent resident. When applying, you must provide a driver’s licence, passport or proof of age card in addition to details of your income, assets and liabilities. Most applicants will also need their employer’s name and contact details. Customers can apply online. 

    About Latitude Financial

    Latitude Financial is an independent financial services provider in Australia and New Zealand. Latitude Financial Services delivers credit cards, loans and insurance to consumers. Their insurance offering includes credit card insurance, travel insurance and car insurance, and their loan offering provides debt consolidation, home improvement, car loans and personal loans. Latitude Financial serves over 2.5 million customers. Customers can contact Latitude Financial Services at any time either online or over the phone.

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