Latitude Gem Visa

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.