- 0% p.a. on balance transfers for 24 months (new customers only, approved by 31 March 2026, 3% fee)
- 13.99% p.a. ongoing purchase rate
- Up to 55 days interest-free when paying balance in full
- 3% back on eligible recurring bills
- Complimentary E-Commerce Purchase Protection Insurance
- Works with all major digital wallets
- Free additional cardholder
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Latitude Financial Credit Cards
Latitude Low Rate Mastercard
Updated 3 March 2026
Manage your money with the Latitude Low Rate Mastercard. Enjoy 0% p.a. on balance transfers for 24 months with a 3% balance transfer fee. New customers approved by 31 March 2026 are eligible. After the promotional period, the rate reverts to the cash advance rate, currently 29.99% p.a.
Purchases carry a standard rate of 13.99% p.a., with up to 55 days interest-free when you pay your balance in full each month.
For a $69 annual fee, add value with 3% back in Latitude Rewards on eligible recurring bills, free E-Commerce Purchase Protection Insurance, and instant digital wallet access.
New customers only. Terms, conditions and eligibility criteria apply.
Purchase Rate (p.a)
13.99%
Balance Transfer (p.a)
0% for 24 months
3% balance transfer fee applies.
Reverts to 29.99% p.a.
Annual Fee (p.a)
$69
Pros and cons
- $69 annual fee applies every year (no waiver)
- 0% Balance Transfer ends after 24 months; then 29.99% p.a. applies
- Purchases charged at 13.99% p.a.; standard rate applies
- Rewards limited to recurring bill payments only
- No travel perks or extended insurance cover
- Cash advances attract high rates and fees (29.99% p.a.)
Creditcard.com.au review
Editor Review
Latitude Low Rate Mastercard
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
Editor’s Overall Rating
The Latitude Low Rate Mastercard is a solid option for anyone looking to manage existing credit card debt or make purchases with a clear, straightforward card. Its standout feature is the 0% p.a. balance transfer for 24 months (3% fee), which allows new customers approved by 31 March 2026 to consolidate debt or move balances without incurring interest during the promotional period. Purchases are charged at a standard rate of 13.99% p.a., with up to 55 days interest-free when the balance is paid in full each month, providing flexibility for everyday spending.
Editor’s Review: What I love about this card
This card is particularly useful for managing finances strategically. The long balance transfer period is ideal for paying down debt without interest, which can be a big saving compared to many mainstream cards. The ongoing purchase rate is reasonable, and the interest-free period on new purchases allows you to manage cash flow if used responsibly. Additionally, the card gives 3% back in Latitude Rewards on eligible recurring bills, which adds value for subscriptions and utilities you already pay for each month.
Other practical features include Complimentary E-Commerce Purchase Protection Insurance, which provides extra peace of mind when shopping online, and instant compatibility with digital wallets such as Apple Pay, Google Pay, Samsung Pay, Fitbit, and Garmin. Adding a free additional cardholder makes it convenient to manage expenses across a household.
What’s not so great
The card carries a $69 annual fee, which applies every year with no first-year waiver. The balance transfer offer is time-limited and once it ends, the interest rate reverts to the cash advance rate, currently 29.99% p.a.. Purchases outside the interest-free period are charged the standard rate, so carrying a balance can get expensive. Rewards are limited strictly to recurring bill payments, so everyday spend does not earn points. There are no travel perks or extended insurances included, meaning this card is best suited for practical financial management rather than lifestyle benefits.
Other extras
Application is straightforward, with most customers receiving a quick decision. Once approved, you can start using your card instantly via digital wallets. Overall, the Latitude Low Rate Mastercard is ideal for those looking to pay down debt through a balance transfer, manage purchases responsibly, and take advantage of simple rewards and protections — all while understanding the ongoing annual fee and standard purchase rate.
User reviews
Rates and fees
Interest rates
Purchase rate 13.99% p.a.
Cash advance rate 29.99% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 24 months
Balance transfer revert rate 29.99% p.a.
Balance transfer from personal loan N/A
Balance transfer fee 3% one off
Balance transfer limit 85% of approved credit limit
Brands you can't balance transfer from N/A
Credit limits
Minimum credit limit $1000
Maximum credit limit N/A
Fees & repayments
Annual fee $69 p.a.
Additional cardholder fee 0
Foreign transaction fee 3%
Minimum repayment 3% or $25, whichever is greater (Gem Visa, Go Mastercard & Low Rate Mastercard); 2.5% or $30, whichever is greater if closing balance is $30 or more (28° Global)
Cash advance fee 3.5% or $4, whichever is greater
Late payment fee $45
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Overview
Latitude Low Rate Mastercard
Key features
- 0% p.a. on balance transfers for 24 months (3% balance transfer fee applies, new customers approved by 31 March 2026)
- 13.99% p.a. ongoing purchase rate
- $69 annual fee
- Up to 55 days interest-free when paying balance in full
- 3% back in Latitude Rewards on eligible recurring bills (utilities, telco, streaming)
- Complimentary E-Commerce Purchase Protection Insurance
- Instant digital wallet access (Apple Pay, Google Pay, Samsung Pay, Fitbit, Garmin)
- Free additional cardholder
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Permanent Australian resident and supply a copy of your driver's licence, passport or proof of age card, details of income, assets and debts, and employer name and contact details
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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