Latitude Gem Visa
Virgin Money Virgin Australia Velocity Flyer Card (Balance Transfer Offer)
Balance Transfer0% p.a. for 22 months on balance transfers. Earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 points per month).
Balance Transfer Rate
Max Free Days
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
Balance Transfer Fee
Foreign Exchange Fee
3% on Visa
Estimated ATM Cost
for AU $300 withdrawal
Australia Citizen, Permanent Resident
- Free Supplementary Cards
0% interest for 6 months on purchases over $250.
55 days interest free only for purchases under $250
Compare and review credit cards with similar features
We’re a brand new name with a brand new look and big plans to be the best independent financial services provider in Australia and New Zealand. Whilst we may be a new name in the consumer finance market, we look after more than 2.5 million customers with sales finance, credit cards, personal loans and consumer credit insurance. We’ve also forged successful partnerships with some of the region’s most iconic and successful retailers. We’d love to hear from you whether it’s to enquire about one of our products, how we can help your business grow or even if you want to speak to someone about your existing relationship with us.
The Latitude Gem Visa is advertised with a number of interest-free offers. This credit card provides six months interest-free on purchases over $250 and a standard moderate number of interest free days each billing cycle for purchases under $250.
The standard interest rate on purchases for this credit card is one of the highest on the market, which is certainly worth noting for customers weighing up interest-free offers. Cash advances are offered on this credit card at the same high interest rate. There is also a moderately high annual fee to pay each year.
The Latitude Gem Visa is also partnered with multiple retailers to offer additional interest-free payment plans on purchases. Customers who choose this card can also enjoy shopper’s protection insurance for an additional fee each month.
- Six-month interest-free offer
- Interest-free payment plans
- Free additional cardholders
- High interest rate
- Annual fee charged
- Foreign transaction fees
Who is it good for?
The Latitude Gem Visa’s main selling point is its multiple interest-free offers on purchases. For customers with a few big ticket items on the horizon, this credit card’s six-month interest-free offer could be a good option.
With additional interest-free payment plans available with Australian retailers for as long as 12, 18 and 24 months, customers could also use this credit card for major purchases. Offers are available in travel, home and appliances, electrical and more.
However, with multiple offers and different expiry dates on the interest-free period, this credit card is more suitable for financially- savvy customers who regularly stay on top of their credit card payments. After the interest-free period, the balance reverts to this credit card’s standard high interest rate, making it less suitable for customers who don’t keep up to date on their bills.
What RateCity says
The Latitude Gem Visa has a moderately high annual fee, and not many perks or benefits to speak of. Additional insurance is offered, but for an extra fee.
This credit card offers multiple interest-free options, with six-, 12-, 18- and even 24-month offers available. For customers considering some bigger purchases (such as furniture, white goods or appliances) these interest-free offers could certainly be appealing.
However, it’s worth noting that once the interest-free period ends, the Latitude Gem Visa reverts to its standard interest rate, which is one of the highest on the market. It would be far too easy for optimistic customers to not quite pay off their balance in time, and suddenly accrue a large amount of interest. Unless you are a financially savvy shopper and keep regular track of your bills, proceed with caution when considering this credit card.
To apply for the Latitude Gem Visa, you must be at least 18 years old and meet any other serviceable criteria. Latitude Financial Services do not disclose any specific criteria that need to be met in order to be eligible for this credit card. You can apply online in less than 10 minutes, and will need to provide identification, personal details, income and employment information, as well as any other information required.
About the lender
Latitude Financial Services is a consumer finance provider that operates throughout Australia and New Zealand. They provide various products in loans, insurance and credit cards to consumers. Latitude Financial Services can be contacted via phone during standard and extended business hours, with different phone lines available for the different credit cards that they issue. Customers can also send an email to make a complaint or for information on hardship or financial difficulty.
The numbers on your credit card actually follow a universal standard which is used to identify specific functions. Each credit card has a different amount of numbers: Visa and Mastercard have 16, American Express has 15 and Diner’s Club has 14. The first number on a credit card always identifies what type of credit card it is. Visa cards start with a 4, whereas Mastercard starts with a 5 and American Express with a 3. The remainder of the digits represent the account number, including the last number which is used to verify that your credit card is actually valid. Credit cards also have additional verification numbers, which are mainly used when the card isn’t present for phone and online purchases. These are the three-digit numbers on the back of Visa and MasterCard or the four-digit numbers on the front of an American Express card.
Looking to get your first credit card? You might be confused as to exactly where to go to apply for one. Here’s where to go when you are ready to put in that application.
The bank: Your bank is a great place to start, provided that you have a good banking history. Since you already have a financial history, you have more chance of your application being approved.
Credit card provider: Another option is to apply for a credit card directly from the issuer, such as Visa, Mastercard or Amex. This will most likely be an online application, so do your research and apply for a suitable card for your circumstances.
Major retailers: Coles, Woolworths, Myer and David Jones all have credit cards available. But watch out for the interest rate and annual fees – these cards are designed to help you spend more in store.