Latitude launches new low rate and rewards credit card

27 November 2024

Latitude Financial has launched a new Low Rate Mastercard® credit card, offering shoppers the benefit of a low rate credit card with an extensive range of retail discounts and a great rewards program that allows cardholders to redeem across cinema, dining, everyday shopping and more.

New customers who apply before 28 February 2025 will get up to $300 bonus cashback into their Latitude rewards program when they spend $1,000 or more on eligible transactions every statement period in the first six months from approval.

"We are excited to launch an all-new Latitude Low Rate Mastercard® credit card. Our research has told us that consumers want tangible benefits and discounts from their preferred brands. They are also feeling the pinch from the increased cost of living and essential spend across utilities, so we packaged up these insights and have created a product that will resonate with consumers, where they will see tangible value,” said Adriana Martinez, Executive General Manager, Latitude.

“At a time when cost-of-living pressures are top of mind, our Low Rate Mastercard® credit card will give Latitude customers better bang for their buck while benefitting from offers and discounts from hundreds of leading brands."

Key features of the Latitude Low Rate Mastercard® credit card include:

  • Customers can shop online at hundreds of retailers and receive extra discounts as cashback i into the Latitude Rewards program. These rewards can be used to purchase e-gift cards via the Latitude App and Latitude Service Centre;

  • 3% back in Latitude Rewardsii when customers set up recurring payments direct with participating utilities, telco and streaming services. T&Cs apply;

  • Interest rate of 13.99% per annum for purchases plus a $69 credit card fee charged annually. Other fees and charges may apply;

  • New customers can access either up to $300 in bonus Latitude Rewardsiii OR 0% per annum for 18 months in balance transfers;

  • Complimentary E-Commerce Purchase Protection Insuranceiv to cover non delivery and/or incomplete delivery of online purchases; and

  • $0 for an additional cardholder, sharing all the features and benefits at no extra cost

For more information on the Latitude Low Rate Mastercard® credit card, please visit www.latitudefinancial.com.au

Background on Latitude

Latitude Financial is Australia and New Zealand’s largest non-bank consumer lender, offering credit cards, sales finance, personal loans and auto loans. The company has more than 2 million customers and more than 470 merchant partners across 6000 locations.

Matthew Abbott
Matthew.Abbott@latitudefinancial.com
+61 402 543 128

End notes:

i) Terms and Conditions apply: By shopping in the merchant offers portal, customers can earn a percentage back in the form of Cashback into their Latitude Rewards program. Cashback cannot be exchanged for physical cash or transferred to your credit card or bank account. Cashback rates are subject to retailer terms and conditions. Other T&Cs may apply.

ii) Subject to eligibility requirements, Latitude will issue customers a redeemable amount in the form of Latitude Rewards equivalent to 3% of eligible purchases. Customers can use this amount to select an e-gift card via the Latitude App and Latitude Service Centre. Other T&Cs may apply.

iii) Up to $300 in Latitude Rewards offer is available to new and approved Latitude Low Rate Mastercard® credit card customers from 20 November 2024 to 28 February 2025 and is limited to one offer per customer.

iv) E-Commerce Purchase Protection Insurance is underwritten and issued by AIG Australia Limited ABN 93 004 727 753, AFSL 381 686, Level 19, 2 Park Street, Sydney NSW 2000 (“AIG”) under a group policy of insurance issued to Mastercard®. In arranging the insurance Mastercard acts a group purchasing body under ASIC Corporations (Group Purchasing Bodies) Instrument 2018/751. Eligible Persons who can access the complimentary e-commerce purchase protection insurance are Latitude customers who hold the relevant credit card which entitles them to these e-commerce purchase protection insurance benefits. Other T&Cs may apply.