Latitude Gem Visa Credit Card

Latitude Gem Visa Credit Card

4.0

Balance transfer

N/A

Purchase rate

6 months at 0% p.a.

Interest-free days

Up to 55 days on purchases

Annual fee

$131.40 p.a. ongoing

Highlights

  • Use the interest-free payment options at numerous stores.
  • Immediate 6 months interest-free for purchases totaling $250 and above.
  • Rather than an annual fee, Latitude Gem Visa imposes a monthly fee equating to $131.40 annually.

Pros and cons

Pros

  • 0% for 6 months on everyday purchases amounting to $250 and over.
  • The 0% on interest-free payment plans.
  • Up to 55 days interest free on everyday purchases.

Cons

  • The standard cash advance rate of 29.99% p.a.
  • 3% foreign exchange fee.
  • The late payment fee is $45.

About this credit card

Basics

Card usage

Apple Pay Enabled
Yes
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes

Eligibility

Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Good
Minimum Income
N/A
Temporary Residents Accepted
Yes

Additional cardholders

Additional Cardholders
9
Additional Card Fee Ongoing
$0.00

Credit limits

Minimum Credit Limit
$1,000.00
Maximum Credit Limit
N/A

Repayments

Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
3%

Balance transfers

Balance transfer offer

Balance Transfer Rate
N/A
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A

Balance transfer conditions

Balance Transfer From Personal Loan
N/A
Balance Transfer Limit Percentage
N/A
Balance Transfer Revert Rate
N/A

Rates, fees, charges

Cash advances

Cash Advance Rate
29.99% p.a.
Cash Advance Fee
$4.00
Cash Advance Fee Percentage
3.5%
Cash Advance Fee Threshold
N/A

Purchases

Purchase Rate Introductory Offer
0%
Purchase Rate Introductory Period
6 months
Purchase Rate Ongoing
27.49% p.a.

Account fees

Annual Fee Initial Year
N/A
Annual Fee Ongoing
$131.40
Dishonour Fee
N/A
Duplicate Statement Fee
$5.00
Foreign Exchange Fee Percentage
3%
Late Payment Fee
$45.00

Rewards

Rewards program basics

Rewards Program
N/A
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
N/A
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
N/A

Additional perks

Insurance

Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
No
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No

Travel and lifestyle

Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
N/A

Our review

Convenience

Customer service

Rates and fees

Rewards

Trust

The basics

  • Additional cardholders. You can add up to 9 additional cardholders at no extra cost. Note that the primary account holder will be responsible for managing the account.
  • Digital wallets. Compatible with major digital wallets, including Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.
  • Gambling transactions. Gambling transactions are not allowed on this card.

Rewards and benefits

  • Complimentary travel insurance. This card does not come with complimentary international travel insurance coverage.
  • Concierge services. The Latitude Gem Visa does not give cardholders access to a concierge service.
  • Insurances. Cardholders get fraud protection but do not offer other insurance protection.
  • Rewards points. This credit card does not have a rewards program.
  • Sign-up bonus. Latitude Financial Services does not offer any sign-up bonus for this card.

Rates and fees

  • Annual fee. Instead of calling it an annual fee, Latitude Gem Visa charges $10.95 as a monthly account service fee, which adds up to $131.40 annually.
  • Balance transfers. There is no introductory balance transfer on offer.
  • Cash advances. Cash advances made with the Latitude Gem Visa will be subject to an interest rate of 29.99% p.a., with interest accruing from the day of the cash advance. As well as interest, Latitude Financial Services will charge a one-off cash advance fee as well as interest.
  • Foreign exchange fee. A 3% fee will be charged for all purchases made in a foreign currency, whether shopping while overseas or ordering from an overseas online store.
  • Interest-free period. With the Latitude Gem Visa, you can get up to 55 days interest-free on purchases if you pay your balance in full by the due date or make the minimum required repayment. Cash advances are excluded.
  • Purchases. Purchases over $250 made with the Latitude Gem Visa qualify for 0% interest for 6 months. Additionally, you can save on interest with their Interest-Free Payment Plans. However, once these plans expire, the regular purchase interest rate of 27.49% p.a. will apply.

account

Reviewed by Credit Card Compare Staff

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    As seen on

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