28 Degrees Platinum Mastercard

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Pros:
  • No Annual Fee
Cons:

    Basic

    Card Level
    Card Level
    Platinum
    Interest Free Days
    Interest Free Days
    0
    Maximum credit limit
    Maximum credit limit
    No set max
    Minimum credit limit
    Minimum credit limit
    $6,000
    Minimum repayment dollars
    Minimum repayment dollars
    Minimum repayment percent
    Minimum repayment percent
    Number free supplementary
    Number free supplementary
    9
    Annual Fee
    Annual Fee
    Late Payment Fee
    Late Payment Fee
    $20
    Over limit fee
    Over limit fee
    $0
    Duplicate statement fee
    Duplicate statement fee
    $3
    Supplementary card annual fee
    Supplementary card annual fee
    $0
    Apple Pay available
    Apple Pay available
    Google Pay available
    Google Pay available
    Samsung Pay available
    Samsung Pay available
    Card Level
    Card Level
    Platinum
    Interest Free Days
    Interest Free Days
    0
    Maximum credit limit
    Maximum credit limit
    No set max
    Minimum credit limit
    Minimum credit limit
    $6,000
    Minimum repayment dollars
    Minimum repayment dollars
    Minimum repayment percent
    Minimum repayment percent
    Number free supplementary
    Number free supplementary
    9
    Annual Fee
    Annual Fee
    Late Payment Fee
    Late Payment Fee
    $20
    Over limit fee
    Over limit fee
    $0
    Duplicate statement fee
    Duplicate statement fee
    $3
    Supplementary card annual fee
    Supplementary card annual fee
    $0
    Apple Pay available
    Apple Pay available
    Google Pay available
    Google Pay available
    Samsung Pay available
    Samsung Pay available

    Rates

    Purchase Rate
    Purchase Rate
    21.99%
    Cash advance rate
    Cash advance rate
    21.99%
    Purchase Rate
    Purchase Rate
    21.99%
    Cash advance rate
    Cash advance rate
    21.99%

    Balance Transfer

    Balance Transfer Rate
    Balance Transfer Rate
    Transfer Limit
    Transfer Limit
    No set max
    Balance Transfer Fee
    Balance Transfer Fee
    $0
    Balance Transfer Rate
    Balance Transfer Rate
    Transfer Limit
    Transfer Limit
    No set max
    Balance Transfer Fee
    Balance Transfer Fee
    $0

    Overseas spending

    Foreign Exchange Fee
    Foreign Exchange Fee
    Overseas charges
    Overseas charges
    $4
    Estimated ATM Cost
    Estimated ATM Cost
    Foreign Exchange Fee
    Foreign Exchange Fee
    Overseas charges
    Overseas charges
    $4
    Estimated ATM Cost
    Estimated ATM Cost

    Rewards

    Program name
    Program name
    Rewards Available
    Rewards Available
    Program name
    Program name
    Rewards Available
    Rewards Available

    Eligibility

    Minimum age
    Minimum age
    18
    Minimum income
    Minimum income
    Eligibility conditions
    Eligibility conditions
    Minimum age
    Minimum age
    18
    Minimum income
    Minimum income
    Eligibility conditions
    Eligibility conditions

    Perks

    • Concierge
    • Free Supplementary Cards
    Other Restrictions
    Overseas cash withdrawals from ATMS are treated as cash advances and incur a fee of 3% of the cash advance or $4, whichever is greater.

    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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