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Latitude Gem Visa Credit Card
Latitude Gem Visa Credit Card

Latitude Financial Credit Cards

Latitude Gem Visa Credit Card

Updated 22 May 2024

We don't have a partnership with this card, but check out some other interest free credit providers.

Enjoy long-term interest free payment plans from a range of retailers, plus 0% interest for 6 months on any purchase over $250. Keep track of your spending with Latitude app and shop from your phone with instant cardless payment feature. T&Cs apply.

Purchase Rate (p.a)

27.49%

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$0*

$0 over 0 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% for 6 months on everyday purchases $250 and over
  • Access 10% off selected hotels at Expedia and Wotif when you book before 30 September 2024, and stay before 31 December 2024
  • Long term interest-free plans (up to 60 months) with a range of Gem retail partners. Extended Interest-Free terms may vary.
  • Receive up to 55 days interest free if you make purchases under $250
  • *No monthly account servicing fee if you have less than $10 outstanding each month

  • High cash advance rate and expired interest Free purchase rate of 29.99% p.a.
  • *A monthly account service fee of $10.95 to balances of $10 or more.
  • No rewards program

Creditcard.com.au review

Editor Review

Latitude Gem Visa Credit Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. about this card.

Compare cards with the same features as Latitude Gem Visa

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The Latitude Gem Visa

With a range of interest free options available, the Latitude Gem Visa is most definitely a shopper’s credit card. While other cards may provide interest free introductory offers, this card allows cardholders to benefit from interest free shopping at any time, with 0% interest for six months on any purchase over $250, and longer interest free plans on purchases made at participating stores.

This card also comes with travel perks, giving you 10% off selected hotels at Expedia and Wotif when you book with the Latitude Gem Visa before 30 September 2024, and stay before 31 December 2024

What we love...

Used correctly, the Latitude Gem Visa could help you save big on interest. As an everyday credit card, the Latitude Gem Visa lets you enjoy up to 55 days interest free on all your everyday purchases worth below $250, as long as you clear your balance both for the statement before the purchases were made, and for the statement on which the purchases are listed.

On larger purchases of $250 or more, you can benefit from some extra breathing room, with 0% interest for six months. That gives you a good long time to repay your purchase, while paying nothing in interest. You don’t need to set up anything to enjoy this interest free period – all purchases over $250 made on the card will automatically receive it.

But that’s not all. If you use your Latitude Gem Visa at any of the card’s participating retail partners and service providers – such as The Good Guys, JB-HiFi and Apple – you can take advantage of even longer 0% interest free plans. Simply present your card and the salesperson will let you know which 0% Interest Payment Plans are currently available.

You can then choose from three repayment plan options. With the Interest Free plan, you will make minimum monthly payments; with the Instalment Interest Free plan, you will pay equal monthly payments; and with the Buy Now, Pay Later plan, there are no set payments required during the interest free period, so you pay what you want, when you want.

When you take into account the fact that this card removed its annual fee and replaced it with a monthly account service fee, it’s quite a pretty good deal if you have less than $10 outstanding balance each month. As long as you maintain your balances to the threshold and avoid interest charges, you could be paying nothing for the card, while taking advantage of the long term interest-free offers.

What’s not so great...

We’ve talked a lot about how Latitude Gem Visa provides you access to a range of interest free offers at hundreds of Australia’s best brands and retailers; however you could be stung with an expired interest Free purchase rate of 29.99% p.a. if you don’t meet the repayments. As long as you deal with these correctly – paying them off before they start to accrue interest – they can obviously be very beneficial.

With the monthly account service fee of $10.95 to balances of $10 or more, this adds to the things you need to be mindful of every month to keep your card active. If balances are left unpaid, it could pile up to $131.40 a year.

Why should you choose this card?

If you want to save on interest when using your credit card, the Latitude Gem Visa could certainly help you do that. But, you need to be smart and you need to be organised if you want to take advantage of the various interest free options on offer. Be sure to read the small print, and know exactly what needs to be paid off and when.

Aside from its potential to save on interest, the Latitude Gem Visa does have a few nice features up its sleeve. Of course, being a Visa card, it offers all the card features that come as standard on a Visa, such as contactless payments through Visa PayWave, and card security in the form of fraud detection and zero liability, and Verified by Visa for online shopping.

Overall Rating

A shopper’s credit card that could help you save on interest, the Latitude Gem Visa offers up to 55 days interest free on purchases under $250, 0% interest for six months on purchases over $250, and longer interest free plans at participating retailers.

User reviews

Latitude Gem Visa Credit Card ( based on 30 Creditcard.com.au user reviews )

31% rating based on 30 reviews

Rates
Fees
Rewards
Customer Service
Value
0%

yunus

31 August 2021

I have been using gem visa card about 10 years and clearly the best credit card in the market. Highly recommended.

Recommends this card
0%

Meagan

12 October 2020

I paid out my card on the 27/09/2020. On the 05/08/2020 a Layla Smith emailed me and advised that my account was closed. I currently had a home loan on a tight deadline being processed and have found out today that it has been delayed due to this card (debt) still being open. Phoned two people today - one told me it was closed as of 05/08/2020 - the other told me it was still open, closed it and told me I would get a reference code text message in one hour so that I could print off a closure letter. One hour later, call centre now closed and no text or closure letter, which I needed to send onto the bank to prevent my loan and house settlement being delayed any further. Pretty disappointed that Latitude continued to keep this debt open when I gave them specific instructions to close it twice and have no faith in their customer service, considering I have had three employees, who have all given me completely different answers RE my account being closed. It’s like no one knows what’s going on at their end - which is scary when it’s our credit rating on the line!! I pleaded with the third customer service person to escalate my case and get me a closure letter ASAP today/ tomorrow - I was given a false promise and am now left stressing and delaying my house settlement until the call centre opens tomorrow at 0830. Will never be going with Latitude again!!

Does not recommend this card
0%

Ashley

24 August 2020

Very dishonest with fees, I will give you my scenario and you make up your mind, paid an outstanding balance of 9000 dollars, with multiple interest free periods expired and not one of them was finalised have to pay the entire balance before they will remove don't use them

Does not recommend this card
55%

Shannon

29 May 2020

For weeks its been telling me that bank transfer is unavailable because I have used it in the last 5 days, when I havent. I set up direct debit for it to come out BEFORE the due date, it comes out the day after. I try calling, an automated person tells me they can help when they can't and I cant ever find an option to speak to a customer service consultant

Recommends this card

Rates and fees

Interest rates



Purchase rate 27.49% p.a.

Cash advance rate 29.99% p.a.

Interest free period on purchases up to 55 days

Credit limits

Minimum credit limit $1,000

Maximum credit limit N/A

Fees & repayments

Annual fee $0* p.a.

Additional cardholder fee Up to 9 at no extra cost

Foreign transaction fee 3%

Minimum repayment 3% or $25, whichever is greater (Gem Visa & Go 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 No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

0% for 6 months on everyday purchases $250 and over

12, 24 or up to 60 month interest free plans

Overview

Latitude Gem Visa Credit Card

The Latitude Gem Visa card offers an almost unparalleled 6-month interest-free rate on purchases over $250. The rate reverts to 27.49% p.a. after the 6-month promo period. Receive up to 55 days of interest-free if you make purchases under $250.

Key features

  • 0% for 6 months on everyday purchases $250 and over
  • Access 10% off selected hotels at Expedia and Wotif when you book before 30 September 2024, and stay before 31 December 2024
  • Long term interest-free plans (up to 60 months) with a range of Gem retail partners. Extended Interest-Free terms may vary.
  • Receive up to 55 days interest free if you make purchases under $250
  • Gem Visa Fraud Security Protection
  • Standard interest rate of 27.49% on purchases
  • Cash advance rate and expired interest Free purchase rate of 29.99% p.a.
  • *A monthly account service fee of $10.95 to balances of $10 or more.

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • A resident of Australia or a temporary resident who legally has the right to work in Australia (and intend to stay) for at least the next 12 months

  • You have your personal details ready to complete the online application

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 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

Recently Asked Questions

Something you need to know about this card? Ask our credit card expert a question.

163 questions (showing the latest 10 Q&As)

Bengu

Bengu

20 April 2024
David jones transfer to the latitude credit card
    Pauline - CreditCard.com.au

    Pauline

    28 April 2024
    Hi Bengu, you can read my take on the new offerings from David Jones. They’ve inked an exclusive 10-year agreement with Latitude Financial.
Farah

Farah

16 April 2024
If i apply today for Gem credit card, what is the fee and when will it be deducted?
    Pauline - CreditCard.com.au

    Pauline

    28 April 2024
    Hi Farah, the Gem Visa is $9.95 per month (going up to $10.95 per month on 22 May). The fee is waived if you have a balance under $10 at the end of the statement period. So, if your balance is under $10 at the end of the first month, you'll have no fee on your statement. Thanks Farah!
Cathy

Cathy

16 January 2024
If I pay $300 on my afterpay using my latitude gem visa (total is $300 in one payment) will it still be counted as a 6 months interest free?
    Pauline - CreditCard.com.au

    Pauline

    23 February 2024
    Hi Cathy, I'm not sure how Latitude would see an Afterpay payment. It's not listed specifically in the terms, but I'd still call Latitude directly to find out before you make the payment. Sorry I can't be of more help on that one but I'd be keen to hear the answer!

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