Latitude Financial Services

Latitude Financial Services help people from all walks of life to shop and live better, and for our merchants to grow their businesses. The bank offers simple, flexible options to help you get ahead. From loans to credit cards to insurance, you can do better.

Latitude Financial Services credit cards

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Latitude 28° Global Platinum Mastercard®

Latitude 28° Global Platinum Mastercard®

Highlights

  • $0 annual fee.
  • No currency conversion fees.
  • No foreign transaction fees on purchases when travelling or shopping online.
  • 22.99% p.a. interest rate on purchases and cash advances.

Pros

  • The $0 annual fee.
  • No currency conversion free or foreign transaction fee.
  • Enjoy up to 55 days interest-free on purchases.
  • Free Global Wi-Fi at more than 1 million hotspots worldwide.

Cons

  • A high purchase interest rate of 22.99% p.a.
  • There is no rewards program on this card.
  • In-person payment handling fees of $2.50 is expected to increase to $3.95.
Latitude GO Mastercard

Latitude GO Mastercard

Highlights

  • Interest-free offers from thousands of retailers online and in-store.
  • No account establishment fee and up to 55 interest-free days.
  • A monthly account service fee of $8.95 for outstanding balances above $10.

Pros

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

Cons

  • High 25.90% p.a. interest rate on everyday purchases.
  • High late payment fee of $35.
  • A monthly account service fee instead of an annual fee.
Latitude Gem Visa

Latitude Gem Visa

Highlights

  • Take advantage of their interest-free payment plans at thousands of stores.
  • Instant 6 months interest-free on purchases $250 and over.
  • Instead of an annual fee, Latitude Gem Visa charges a monthly fee which adds up to $119.40 annually.

Pros

  • 0% for 6 months on everyday purchases amounting to $250 and over.
  • The 0% on interest-free payment plans.
  • A $9.95 monthly account service fee will be waived if you make payments in full and keep a balance less than $10).

Cons

  • The standard cash advance rate of 25.90% p.a.
  • 3% foreign exchange fee.
  • Large late payment fee.

Q&As

What is Latitude Financial Services?

It’s a financial services company, a subsidiary of GE Capital Finance Australasia Pty Ltd, which is in its turn owned by a consortium consisting of US group Värde Partners, Germany’s Deutsche Bank, and global investment firm KKR.

Operating in Australia and New Zealand and employing around 2,200 staff, Latitude Financial Services has over 2.4 million financial product customers. It specialises in partnerships with retailers to assist customers with financing their major purchases.

What services do Latitude Financial Services offer?

As well as issuing a number of credit cards, Latitude Financial Services also offers personal loans, car loans, insurance, and interest-free finance for retail purchase.

What is the connection between Latitude Financial Services, GE Money and Gem Finance?

Latitude Financial Services previously operated under the name GE Money in Australia, and currently operates as Gem Finance in New Zealand.