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GO Mastercard

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Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

Earn Rates

RateCard TypeEarnsCondition
1 point for $1 spentMastercardUp to $100,000 annuallyeligible transactions
  • Free Supplementary Cards
  • Purchase Protection Cover lasts for 365 days per year
  • Price Guarantee

Features

The Latitude Financial Services GO Mastercard features a high interest rate, a high number of interest-free days and a low annual fee. It also has a low minimum credit limit.

This card is attached to the GO Rewards program, which means cardholders can earn points for spending on eligible purchases. Earned points can then be redeemed for gifts such as homewares and appliances from various retailers.

Customers can also take advantage of 12-, 18- and 24-month interest-free payment plans from a range of retailers.

Various insurance policies are available with this card for a monthly premium.

There is no balance transfer offer associated with this card. Up to nine supplementary cards are allowed at no extra cost.

If you set up your GO Mastercard with Apple Pay, you can leave your card at home and use your iPhone or Apple Watch to pay for purchases while you are out.

Pros
  • Low annual fee
  • High interest-free period
  • Nine free additional cardholders
Cons
  • High interest rate
  • Late payment fee charged
  • No complimentary insurance

 

Who is it good for?

This card is good for people who want the ability to earn rewards for spending and don’t have trouble paying off their balance each month. It would also be suitable for those who need to make a sizeable purchase but want to delay payment for a period of time (thanks to the associated interest-free payment plans).

This card is also good for families and other shared cardholders as it offers a generous nine additional cardholders at no added cost.

The Latitude Financial Services GO Mastercard doesn’t offer much to those with existing credit card debt, as balance transfers are subject to the card’s cash advance rate from day one.

Additionally, it’s not a great choice for frequent travellers or frequent flyer members as it isn’t associated with a frequent flyer rewards program and high fees are charged for international spending.

What RateCity says

The Latitude Financial Services GO Mastercard offers some advantages for potential cardholders who prefer to earn rewards such as merchandise rather than frequent flyer points. The interest-free payment plans are also nice to have for those who aren’t able to pay for a purchase outright but want to delay having to pay interest.

However, despite the high interest rate – which is fairly typical for a rewards card – this card doesn’t have many additional benefits such as complimentary insurance. The rewards program is also limited to certain retailers, so it doesn’t offer a great deal of diversity.

So if your main motivation for choosing a credit card is the chance to earn rewards, you may be better off shopping around to find one that has a more versatile program. And if you’re on a tight budget, you’d also probably benefit more from a card with a lower interest rate.

Applying/eligibility

To be eligible for the Latitude Financial Services GO Mastercard you must be at least 18 years old and a permanent resident of Australia. You must also meet the lender’s serviceability criteria. To apply, you will need to provide proof of ID (such as a driver’s licence or passport), details of your income, assets and liabilities, and your employer’s name and contact number. Applications can be completed online at the Latitude Financial Services website.

About Latitude Financial Services

Latitude Financial Services (formerly known as GE Capital Finance) is an independent financial services provider based in Australia and New Zealand. They offer customers products such as sales finance, credit cards, personal loans, car loans and consumer credit insurance. GO Mastercard customers can manage their account online at the Go Mastercard website and via the GO Mastercard app, or get support by calling the lender’s phone support line or Global Mastercard Services.

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