Latitude
Enjoy $0 annual fee for Year 1, earn up to $500 in rewards, with low introductory rate of 6.99% p.a. and flexible spending for global travel.
Latitude’s 28 Degrees Global Platinum Mastercard stands out among cashback credit cards for Australian consumers seeking strong rewards and an introductory rate. With a $0 annual fee in the first year and the opportunity to earn up to $500 in Latitude Rewards within the first year, this card is ideal for frequent global spenders. The introductory interest rate is set at 6.99% p.a. for the first 12 months (with a 29.99% rate thereafter), and a 3% fee on balance transfers applies. To qualify for the $500 in rewards, you must make eligible purchases as a new approved customer by 26 February 2026.
How to Apply Step-by-Step
- Check your eligibility online to ensure you meet Latitude’s lending criteria.
- Complete the secure online application form with your personal and financial details.
- Upload required documents, like proof of income and identification.
- Review the product disclosure statement for important terms and conditions.
- Submit your application and wait for approval, usually within a few business days.
Key Pros of the Card
The $0 annual fee for the first year is a major plus, letting you trial the card at no upfront cost. You also have the potential to earn substantial rewards in your first year with up to $500 Latitude Rewards.
The Mastercard network delivers flexibility, particularly if you’re travelling internationally or spending online with global retailers. Their introductory balance transfer rate of 6.99% p.a. for 12 months provides added financial breathing room.
Potential Cons to Consider
After the first year, the annual fee increases to $96, and the balance transfer rate soars to 29.99%, which can be costly if you carry a balance.
The 3% balance transfer fee adds immediate upfront cost, which may offset some of your rewards if not managed carefully. Make sure to check the minimum spend and reward eligibility requirements before applying.
Our Verdict
If you regularly use your credit card and meet the eligible spend criteria, this Latitude Platinum Mastercard offers rewarding value in its first year. Be sure to pay off your monthly balance in full to maximise benefits and avoid paying high interest. This card appeals mainly to those comfortable with short-term deals and confident they can meet spending requirements for the advertised gains.
