Latitude Gem Visa

Name: Latitude Gem Visa
Brand: Latitude Financial Services
Rating: 4.0 (1 reviews)

Earn up to $200 cashback when you spend at least $1,000 on eligible purchases every month for the first 3 months after card approval. Terms and Conditions apply.
Get 0% interest for 6 months on purchases of $250 or more, ideal for spreading out larger expenses.
Use the interest-free payment options at numerous stores like Harvey Norman, Domayne, Joyce Mayne, and more.

Pros and cons

The 0% on interest-free payment plans.
Save up to 10% on your next holiday when booking with Expedia, Booking.com, or Wotif.
Pay off interest-free plans early without penalties, giving you flexibility and savings.
Track and manage your card using the Latitude App.
It supports Apple Pay, Google Pay, Samsung Pay, and Garmin Pay.

The $10.95 monthly fee adds up to $131.40 per year.
The standard cash advance rate is 29.99% p.a., which is on the higher side and typical for this type of transaction.
A 3% foreign exchange fee applies to overseas transactions.
The late payment fee is $45.

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.

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.

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 27.99% p.a. will apply.

Reviewed by Finty Staff

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