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Purchase rate

11.99% p.a.

Balance transfer

N/A

Annual fee

$69 p.a.
69% Complete (success)

Pros

11.99% p.a. on purchases

Additional cardholders at no extra cost

Purchase protection, price protection and extended warranty

No payment handling fee applies when you pay off your balance via online banking or direct debit.

Cons

Annual fee is relatively high for a low rate card

A payment handling fee of $0.95 applies for all payments made via BPAY® to pay your card account.

A payment handling fee of $2.50 applies to each transaction made in person at Australia Post.

Latitude Low Rate Mastercard

The Latitude Low Rate Mastercard comes with a low 11.99% p.a. on purchases. The annual fee is $69 and you can add additional cardholders at no extra cost. Extra benefits include Price Protection, Purchase Protection and Extended Warranty.

Key features

  • Annual fee $69
  • 11.99% p.a. on purchases
  • Additional cardholders at no extra cost
  • Up to 55 days interest free days on purchases
  • Price Protection
  • Purchase Protection
  • Extended Warranty
100% of customers who have rated this card would recommend it
  • Rates
    72%
  • Fees
    46%
  • Rewards
    N/A
  • Customer Service
    67%
  • Value
    62%
Overall user rating 62%
1 reviews
Interest Rates
Purchase rate 11.99% p.a.
Cash advance rate 20.99% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Banks you can't balance transfer from Latitude Financial Services
Credit limits
Minimum credit limit N/A
Maximum credit limit N/A
Fees & repayments
Annual fee $69 p.a.
Additional cardholder fee $0
Cash advance fee 3%
Foreign transaction fee 3%
Late payment fee $30
Credit card type Mastercard
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance Yes
Rental vehicle excess cover No

The Latitude Low Rate Mastercard

As you would expect from a card with ‘low rate’ in its name, the Latitude Low Rate Mastercard offers a low ongoing purchase rate, helping cardholders save on interest should they carry a balance. For an affordable annual fee, the card also offers a range of retail covers, including price protection, purchase protection and extended warranty, helping to provide extra peace of mind.

What we love...

The Latitude Low Rate Mastercard is not a card abundant in features. It doesn’t have any enticing introductory offers. It doesn’t offer a rewards program. It doesn’t shower cardholders with extravagant features, such as airport limo services and free flights. But it doesn’t have to. What the Latitude Low Rate Mastercard has going for it is low interest rates.

Helping to keep costs low with a low ongoing purchase rate, the Latitude Low Rate Mastercard helps cardholders to save on interest when they carry a balance. While clearing that balance will always provide the biggest savings, if that’s not possible, a low rate card could provide the next best option.

Unlike certain other providers’ low rate cards, Latitude offers a relatively low annual fee on its Low Rate Mastercard, and additional cardholders can be added to the account at no extra cost. This provides further opportunity for cardholders to keep costs to a minimum, providing access to credit, a low rate, and few decent features thrown into the bargain as well.

So, what are those features exactly? The Latitude Low Rate Mastercard provides cover on retail purchases in the form of price protection, purchase protection and extended warranty.

  • Purchase Protection: With this cover, if any eligible purchases are accidently damaged or stolen within 90 days, Latitude will help to repair or replace it. This is limited to $500 per item, up to a total of $1,000 per year.
  • Price Protection: With this cover, if you purchase an eligible item and then find it instore nearby within 30 days, Latitude will refund the difference. This is limited to $500 per item, up to a total of $1,000 per year.
  • Extended Warranty: With this cover, you’ll receive one year extra warranty on eligible purchases that have an existing 1-2 year manufacturer's warranty. This is limited to a value of $250 per item, up to a total of $1,000 per year.

Just as with any credit card cover, claim limits and exclusions apply, so be sure to read the PDS carefully before relying on the cover or making a claim.

What’s not so great...

To be honest, there’s not much to complain about on the Latitude Low Rate Mastercard. As long as you don’t expect rewards or fancy features, this card has plenty to offer in the form of potential savings. It is worth noting that the card has a high cash advance rate, so it’s best to avoid cash advances to enjoy the full benefits of savings elsewhere.

Why should you choose this card?

For cardholders looking for a way to save on interest day-to-day, the Latitude Low Rate Mastercard could be an option to consider. If you tend to carry a balance on your credit card, it can be beneficial to choose a low rate option such as the Latitude Low Rate Mastercard. By paying less in interest, you could put those savings towards clearing your balance faster.

Aside from its retail covers, the card also offers compatibility with Apple Pay, and up to 55 days interest free on purchases. Be aware, this feature is only offered to customers who pay the full balance of their account both for the statement before the purchases were made, and for the statement on which the purchases are listed.

Overall Rating

The Latitude Low Rate Mastercard keeps it fairly simple, providing a low ongoing purchase rate, basic features, and retail cover in the form of price protection, purchase protection and extended warranty.

(showing the latest 10 Q&As)

  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Australian permanent resident
  • You have your personal details ready to complete the online application
Latitude Low Rate Mastercard
Latitude Low Rate Mastercard

Latitude Low Rate Mastercard

Updated 12 April 2019

Purchase Rate (p.a)

11.99%

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$69

$0

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 11.99% p.a. on purchases
  • Additional cardholders at no extra cost
  • Purchase protection, price protection and extended warranty
  • No payment handling fee applies when you pay off your balance via online banking or direct debit.

  • Annual fee is relatively high for a low rate card
  • A payment handling fee of $0.95 applies for all payments made via BPAY® to pay your card account.
  • A payment handling fee of $2.50 applies to each transaction made in person at Australia Post.

Creditcard.com.au review

Editor Review

The Latitude Low Rate Mastercard

As you would expect from a card with ‘low rate’ in its name, the Latitude Low Rate Mastercard offers a low ongoing purchase rate, helping cardholders save on interest should they carry a balance. For an affordable annual fee, the card also offers a range of retail covers, including price protection, purchase protection and extended warranty, helping to provide extra peace of mind.

What we love...

The Latitude Low Rate Mastercard is not a card abundant in features. It doesn’t have any enticing introductory offers. It doesn’t offer a rewards program. It doesn’t shower cardholders with extravagant features, such as airport limo services and free flights. But it doesn’t have to. What the Latitude Low Rate Mastercard has going for it is low interest rates.

Helping to keep costs low with a low ongoing purchase rate, the Latitude Low Rate Mastercard helps cardholders to save on interest when they carry a balance. While clearing that balance will always provide the biggest savings, if that’s not possible, a low rate card could provide the next best option.

Unlike certain other providers’ low rate cards, Latitude offers a relatively low annual fee on its Low Rate Mastercard, and additional cardholders can be added to the account at no extra cost. This provides further opportunity for cardholders to keep costs to a minimum, providing access to credit, a low rate, and few decent features thrown into the bargain as well.

So, what are those features exactly? The Latitude Low Rate Mastercard provides cover on retail purchases in the form of price protection, purchase protection and extended warranty.

  • Purchase Protection: With this cover, if any eligible purchases are accidently damaged or stolen within 90 days, Latitude will help to repair or replace it. This is limited to $500 per item, up to a total of $1,000 per year.
  • Price Protection: With this cover, if you purchase an eligible item and then find it instore nearby within 30 days, Latitude will refund the difference. This is limited to $500 per item, up to a total of $1,000 per year.
  • Extended Warranty: With this cover, you’ll receive one year extra warranty on eligible purchases that have an existing 1-2 year manufacturer's warranty. This is limited to a value of $250 per item, up to a total of $1,000 per year.

Just as with any credit card cover, claim limits and exclusions apply, so be sure to read the PDS carefully before relying on the cover or making a claim.

What’s not so great...

To be honest, there’s not much to complain about on the Latitude Low Rate Mastercard. As long as you don’t expect rewards or fancy features, this card has plenty to offer in the form of potential savings. It is worth noting that the card has a high cash advance rate, so it’s best to avoid cash advances to enjoy the full benefits of savings elsewhere.

Why should you choose this card?

For cardholders looking for a way to save on interest day-to-day, the Latitude Low Rate Mastercard could be an option to consider. If you tend to carry a balance on your credit card, it can be beneficial to choose a low rate option such as the Latitude Low Rate Mastercard. By paying less in interest, you could put those savings towards clearing your balance faster.

Aside from its retail covers, the card also offers compatibility with Apple Pay, and up to 55 days interest free on purchases. Be aware, this feature is only offered to customers who pay the full balance of their account both for the statement before the purchases were made, and for the statement on which the purchases are listed.

Overall Rating

The Latitude Low Rate Mastercard keeps it fairly simple, providing a low ongoing purchase rate, basic features, and retail cover in the form of price protection, purchase protection and extended warranty.

User reviews

Latitude Low Rate Mastercard ( based on 1 Creditcard.com.au user review )

62% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 11.99% p.a.

Cash advance rate 20.99% p.a.

Interest free on purchases up to 55 days

Credit limits

Minimum credit limt N/A

Maximum credit limit N/A

Fees & repayments

Annual fee $69 p.a.

Additional card holder fee $0

Foreign transaction fee 3%

Minimum repayment

Cash advance fee 3%

Late payment fee $30

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance Yes

Extended warranty insurance Yes

Rental vehicle excess cover No

Overview

Latitude Low Rate Mastercard

The Latitude Low Rate Mastercard comes with a low 11.99% p.a. on purchases. The annual fee is $69 and you can add additional cardholders at no extra cost. Extra benefits include Price Protection, Purchase Protection and Extended Warranty.

Key features

  • Annual fee $69
  • 11.99% p.a. on purchases
  • Additional cardholders at no extra cost
  • Up to 55 days interest free days on purchases
  • Price Protection
  • Purchase Protection
  • Extended Warranty

Minimum criteria to apply for this card

  • Be over 18 years old

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

  • Australian permanent resident

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

Roland B Bleyer

Roland B Bleyer founded creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

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

(showing the latest 10 Q&As)

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