| Card Name | Key Features | Annual Fee | Interest Rates | Official Website |
|---|---|---|---|---|
| Latitude 28° Global Platinum Mastercard | No foreign transaction fees, complimentary global Wi-Fi access, flight delay pass, and no annual fee | $0 | 21.99% p.a. on purchases | Latitude 28° Global Platinum Mastercard (Latitude Financial) |
| Latitude Gem Visa | Long-term interest-free plans, up to 55 days interest free on everyday purchases, exclusive retailer promotions | $99 ($0 first year) | 27.49% p.a. on purchases and cash advances | Latitude Gem Visa (Latitude Financial) (Latitude Financial) |
| GO Mastercard | Interest-free shopping with participating retailers, up to 55 days interest free on purchases | $0 | 27.49% p.a. on purchases, 29.49% p.a. on cash advances | GO Mastercard (Latitude Financial) (Latitude Financial) |
| Latitude Infinity Rewards Visa | Earn points on everyday purchases, no annual fee, up to 55 days interest free on purchases | $0 | 27.49% p.a. on purchases, 29.99% p.a. on cash advances | Latitude Infinity Rewards Visa (Latitude Financial) |
Latitude Financial Services is a known bank in Australia and New Zealand that gives you many credit cards, personal loans, and some other financial services. I am giving you a best look at Latitude credit cards, like their features, pros, and cons, with advice on how to select the privilege card.
About Latitude Financial Services
Latitude Financial Services, which is called GE Money, is one of the biggest companies in Australia and New Zealand that helps many people with their money. Latitude has over 2.7 million customer accounts, and they work with many major stores to offer a range of financial services, such as credit cards, interest-free retail finance, and personal loans.
A group of investors led by Värde Partners, KKR, and Deutsche Bank bought GE Capital’s consumer lending business in Australia and New Zealand in 2015. This is when Latitude Financial Services was founded. The business changed its name to Latitude and has since been focusing on getting more customers and products.
Types of Latitude Credit Cards
Latitude gives you many types of credit cards that are designed to meet different types of financial needs and lifestyles. Here are some of the popular Latitude credit cards:
- Latitude 28° Global Platinum Mastercard: It is a travel credit card with no foreign transaction fees and complimentary global Wi-Fi access.
- Latitude Gem Visa: This credit card gives you long-term interest-free plans and exclusive retailer promotions.
- GO Mastercard: A credit card tailored for interest-free shopping with participating retailers and some promotional offers.
- Latitude Infinity Rewards Visa: It is a rewards card. You can earn points every day on your purchases, redeemable for different types of rewards.
Key Features and Benefits
Latitude credit cards also have some features and benefits that can help you with different financial needs:
- Interest-Free Offers: There are some Latitude cards, like the GO Mastercard and Latitude Gem Visa, that offer interest-free payment plans with participating retailers. You can spread the cost of purchases over time without incurring interest.
- No Foreign Transaction Fees: The Latitude 28° Global Platinum Mastercard is good for travellers, and it does not charge any foreign transaction fees on any purchases. You can save money when you spend abroad.
- Rewards Programmes: With some credit cards like the Latitude Infinity Rewards Visa, you can earn points on everyday purchases, which can be redeemed for travel, merchandise, gift cards, and many more.
- Complimentary Insurance: Some credit cards, like Latitude cards, give you complimentary travel insurance and purchase protection.
- Global Wi-Fi Access: The Latitude 28° Global Platinum Mastercard gives you complimentary access to over 1 million global Wi-Fi hotspots through Boingo, ensuring you stay connected while travelling.
Fees and Charges
Even though Latitude credit cards have different perks, it’s important to know the fees and charges that come with each one:
- Fees Every Year: There are some Latitude cards that have fees every year, and the fees are very different for each credit card type. The Latitude Infinity Rewards Visa has an annual fee, but the Latitude 28° Global Platinum Mastercard does not.
- Interest Rates: The interest rates on Latitude credit cards change with time for both sales and cash advances. It is very important to remember to check your card’s interest rates and know how interest is given.
- Late Payment Fees: If you do not pay your bills on time, you may have to pay late payment fees, which can add up over time.
- Cash Advance Fees: If you use your Latitude credit card to get cash from an ATM, you will be charged a cash advance fee, and the interest rate on the cash will be very high.
- Foreign Transaction Fees: The Latitude 28° Global Platinum Mastercard does not charge any foreign transaction fees. but some other Latitude cards may charge, so it is very important to read the terms and conditions.
How to Choose the Right Latitude Credit Card
Assess Your Financial Needs
Before you apply for a Latitude credit card, consider your financial needs and spending habits. You can ask yourself the following questions:
- Do you travel frequently? If you travel very frequently, you can choose the Latitude 28° Global Platinum Mastercard for its low foreign transaction fees and global Wi-Fi access
- Do you shop at specific retailers? If you shop often at retailers that give you interest-free payment plans with Latitude, the GO Mastercard or Latitude Gem Visa could be very beneficial.
- Are you looking to earn rewards? If earning rewards on everyday purchases is very important to you, you can choose the Latitude Infinity Rewards Visa.
Compare Card Features and Benefits
After you know what you need to pay, you can look at the features and perks of different types of Latitude credit cards to choose the best one. Take these things into account:
- Interest Rates: If you want to keep a sum, you choose credit cards with interest rates that are competitive.
- Yearly fees: You should think about whether the credit card’s perks are worth the yearly fee. The Latitude 28° Global Platinum Mastercard is a very good choice if you want a card that does not charge a yearly fee.
- Benefits Programmes: If you want to get many benefits, you should look at how much you can make and how you can cash in your points on different credit cards.
- Extra Benefits: You should think about any extra benefits that might be very useful to you, like free insurance or access to Wi-Fi networks around the world.
Read the Terms and Conditions
Before you apply for a Latitude credit card, you need to make sure that you read all the terms and conditions very carefully to know about the fees, charges, and interest rates that come with it.
Conclusion
Latitude credit cards offer a range of features and benefits designed to meet different financial needs and lifestyles. Whether you’re looking for interest-free shopping, no foreign transaction fees, or a rewards programme, there’s likely a Latitude credit card that suits your needs. By understanding the features, benefits, and potential drawbacks of each card, you can make an informed decision and manage your credit responsibly.
Remember to assess your financial needs, compare card options, and read the terms and conditions before applying. Once you have a Latitude credit card, practice responsible credit management by budgeting, making timely payments, and monitoring your account. By doing so, you can maximise the benefits of your Latitude credit card and achieve your financial goals
You can also visit some more pages of this website for more information on different credit cards in Australia.