- $0 annual fee for the first year (then $69 p.a.)
- Low 13.99% p.a. purchase rate
- Up to 55 days interest-free when paying balance in full
- 3% back in Latitude Rewards on recurring bill payments
- Complimentary E-Commerce Purchase Protection Insurance
- Digital wallet compatibility (Apple, Google, Samsung, Fitbit, Garmin)
- Free additional cardholder
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Latitude Financial Credit Cards
Latitude Low Rate Mastercard – No Annual Fee Offer
Updated 7 November 2025
Start with savings. The Latitude Low Rate Mastercard – No Annual Fee Offer gives new customers $0 annual fee for the first year (then $69 p.a.), when approved by 12 January 2026 and you make a purchase within 90 days.
It combines a 13.99% p.a. purchase rate with up to 55 days interest-free, plus 3% back in Latitude Rewards when you set up eligible recurring bill payments.
You’ll also enjoy complimentary E-Commerce Purchase Protection Insurance and instant digital access with Apple Pay, Google Pay and more.
New customers only. Terms, conditions and eligibility criteria apply.
Purchase Rate (p.a)
13.99%
Balance Transfer (p.a)
6.99% for 12 months
3% balance transfer fee applies.
Reverts to 29.99% p.a.
Annual Fee (p.a)
$0 first year. Then $69 p.a.
Pros and cons
- Annual fee of $69 applies after first year
- 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 – No Annual Fee Offer
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 – No Annual Fee Offer is built for people who want to test-drive a low-cost credit card with minimal upfront commitment. With no annual fee for the first year and a 13.99% p.a. purchase rate, it combines affordability with a few useful extras that make it more than just a basic low-rate card.
Editor’s Review: What I love about this card
What makes this card stand out is its balance of value in the first year with a genuinely competitive ongoing purchase rate. While many “no fee” cards charge high interest, and many “low rate” cards add annual fees, this offer manages to give you both for at least the first 12 months. That makes it appealing if you’re unsure about committing long-term and want to trial a card without paying upfront fees.
Beyond the core rate, I like the practical extras Latitude includes. Earning 3% back in Latitude Rewards on recurring bills helps you squeeze value out of payments you’d be making anyway — utilities, streaming, and phone bills. Add in free E-Commerce Purchase Protection, and the card feels safer for regular online shopping. Plus, digital wallet support and free additional cardholder access are handy touches that make it family-friendly and easy to integrate into everyday spending.
What’s not so great
The biggest drawback is that the $69 annual fee kicks in from year two. At that point, you’ll need to decide whether the ongoing rewards and low interest rate justify the cost. Rewards are also quite limited — only bill payments earn the 3% back, so it’s not a general rewards card. And while the card covers online purchase protection, it doesn’t include broader insurances like travel or extended warranty.
Other extras
Applications are straightforward online, with Latitude usually giving an instant response. Once approved, you can use your digital card right away through Apple Pay, Google Pay, or other wallets. Overall, this is a good entry-level low-rate card with a year of fee-free breathing space — ideal for people dipping their toes into credit or those who want to trial Latitude before paying an ongoing fee.
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 6.99% p.a. for 12 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)
Annual fee the first year $0
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 – No Annual Fee Offer
Key features
- $0 annual fee first year (then $69 p.a.)
- 13.99% p.a. purchase rate
- Up to 55 days interest-free when you pay your statement 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
Recently Asked Questions
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Cory J Peisker
25 October 2025Pauline
28 October 2025