Latitude Financial
0% annual fee in the first year & up to $500 cashback on eligible spend. Low introductory balance transfer rate for the first 12 months. Perfect for frequent travellers.
The Latitude 28 Degrees Global Platinum Mastercard offers a compelling combination of cashback on eligible spend and a $0 annual fee for the first year, making it attractive for savvy Aussies. New customers can earn up to $500 in Latitude Rewards in their first year if minimum spend requirements are met, and an introductory balance transfer rate of 6.99% applies for the first 12 months (then reverts to 29.99% p.a.). The standard annual fee after the first year is $96. There isn’t a fixed maximum credit limit disclosed publicly; approval depends on Latitude’s assessment of your application and financial circumstances.
How to Apply for Latitude 28 Degrees Global Platinum Mastercard
- Start your online application and fill out your personal and financial details.
- Submit documents verifying your income and employment status.
- Latitude will assess your credit and eligibility.
- If approved, you’ll receive your card in the mail.
- Activate your card and meet the eligible spend to enjoy the cashback offer.
Pros of the Latitude 28 Degrees Global Platinum Mastercard
The $0 annual fee for the first year helps you save on card costs initially while accessing premium features. The chance to earn up to $500 cashback in the first year on eligible spending is a standout benefit, especially if you plan larger purchases shortly after opening your account. Additionally, the introductory balance transfer rate provides a great opportunity for cardholders wanting to manage debt more affordably during the honeymoon period.
Cons of the Latitude 28 Degrees Global Platinum Mastercard
After the first year, a $96 annual fee kicks in, which may be more than some comparable cards. The revert rate for balance transfers jumps substantially after the 12-month introductory period, so it’s important to pay off balances within that window. Furthermore, to maximise cashback, minimum spend requirements must be met, which may not suit everyone’s lifestyle or budget.
Our Verdict
The Latitude 28 Degrees Global Platinum Mastercard is an enticing pick if you’re looking for a simple way to earn substantial cashback on everyday spend or larger purchases, with the additional perk of the first 12 months fee-free. Be mindful of the higher ongoing annual fee and potential interest rates, and make sure the required spend aligns with your budget and lifestyle to leverage the full value of the offer.
