Latitude 28° Global Platinum Mastercard
Pros & cons
What's good
- Up to $500 Latitude Rewards
- $0 first-year annual fee
- 0% international transaction or currency conversion fees on purchases
Worth noting
- Purchase interest rate of 28.99% p.a.
- Charges a payment handling fee of $1.95 for BPAY payments and $3.95 for payment at Australia Post. You can avoid the fee by using Latitude Service Centre or via direct debit.
Card details
The basics
- Additional cardholders
- 1 ($0 p.a.)
- Card setup
- Single card
- Card tier
- Platinum
- Card type
- Mastercard
- Card use
- Personal
- Credit limit
- $1,000 – $100,000
- Credit rating
- Good
- Rewards program
- Latitude Rewards
Eligibility
- Instant approval
- No
- Joint application
- No
- Minimum age
- 18 years old
- Minimum income
- Not specified
- Residency
- Australian citizen or permanent resident
- Temporary residents
- Eligible
Repayments
- Interest charged from
- Purchase date
- Interest-free period
- Up to 55 days on purchases
- Minimum repayment
- 2.5% of the closing balance or $30, whichever is greater
Balance transfers
- Limit
- Up to your available credit limit
- Period
- 12 months
- Promotional rate
- 0% p.a.
- Revert rate
- 29.99% p.a.
- Transfer fee
- 3%
While you carry a transferred balance you may not receive interest-free days on new purchases.
Rates & fees
Ongoing interest rates
- Cash advances
- 29.99% p.a.
- Purchases
- 28.99% p.a.
Fees
- Additional cardholder fee
- $0
- Annual fee
- No annual fee
- Annual fee (year 2+)
- $96 p.a.
- Cash advance fee
- 3.5% of the amount
- Foreign transaction fee
- 0%
- Late payment fee
- $45
Rewards
Earn rate
- Points cap (monthly)
- Uncapped
- Points expiry
- Points don't expire while your account is open and in order.
Sign-up bonus
- Bonus spend required
- —
- Sign-up bonus
- —
How this card stacks up
Calculated estimates that show where this card sits against the 227 cards in our database.
Personalise these estimates
No annual fee — that puts it among the third of cards in our database that cost nothing to hold.
Lower than 98% of cards we list — that's a very high rate.
Carrying $5,000 at 28.99% p.a. costs roughly this much in interest each month.
Assumes the full balance is carried with no interest-free days applied.
Total annual fees across three years — year 1 is discounted to $0, then $96/year.
Days you can avoid interest by paying in full — above average for the market.
That's below average for Platinum cards — a fairer comparison than measuring it against $0 cards in other tiers.
A combined read on annual, foreign, cash-advance and late fees across all the ways a card can cost you.
Transferring $5,000 could save this much in interest over 12 months, after the 3% transfer fee.
Assumes the balance isn't paid down during the intro period — a conservative estimate.
After the intro period the rate jumps to this — high revert rate.
Clear the balance before this kicks in to avoid a costly rate.
Where this card ranks among balance transfer cards for intro period length.
Where this card ranks among no annual fee cards for annual fee.
Calculated metrics are estimates based on assumed spending patterns and point valuations and should not be taken as financial advice. Point values used: Qantas/Star Alliance 1.2c, Velocity 1.0c, all other programs 0.5–0.8c per point. Percentile rankings are based on 227 cards in the CreditCardCompare.com.au database as at June 2026. Seek independent financial advice before applying for any credit product.
User reviews
Based on 0 reviews
How it compares
| Card | Purchase rate | Annual fee | Rewards |
|---|---|---|---|
| Latitude 28° Global Platinum Mastercard (this card) | 28.99% p.a. | No annual fee | — |
| Latitude Low Rate Mastercard - Balance Transfer Offer | 13.99% p.a. | $69 p.a. | — |
| Kogan Money Credit Card - Balance Transfer Exclusive Offer | 21.99% p.a. | No annual fee | 1 pt per $1 spent |
| Qantas Money Platinum | 20.99% p.a. | $349 p.a. | 1 pt per $1 spent |
Compare more credit cards
This card appears in the types below. Open one to compare it against every other card we list.
You might also consider
1 pt per $1 spent · Kogan Rewards Program
