Tl;dr: This deal only works if you’re financing purchases worth $6000+
Latitude financial is giving approx. 10% of purchase price in gift card when you finance between $750 to $10,000 on selected transactions made at independent Harvey Norman, Domayne or Joyce Mayne between 01/07/24 and 31/08/24
The top issue with this deal is $10.95 monthly fee on Go MasterCard.
If you do 48 months interest free finance with them, then you lose minimum $525.60 in fees.
Kind reminder to all Ozb readers: Don't get into trap of glittery deals presented by stores. Read the fine print and calculate your benefit.
Gift Card Levels
The applicable Gift Card value is based on the purchase price of the Eligible Purchase:
- spend $750 or more and receive a $75 Gift Card
- spend $1,000 or more and receive a $100 Gift Card
- spend $2,000 or more and receive a $200 Gift Card
- spend $3,000 or more and receive a $300 Gift Card
- spend $4,000 or more and receive a $400 Gift Card
- spend $5,000 or more and receive a $500 Gift Card
- spend $6,000 or more and receive a $600 Gift Card
- spend $7,000 or more and receive a $700 Gift Card
- spend $8,000 or more and receive a $800 Gift Card
- spend $9,000 or more and receive a $900 Gift Card
- spend $10,000 or more and receive a $1,000 Gift Card
Full T&Cs
Latitude Finance Australia ABN 42 008 583 588 Australian credit licence number 392145. Interest may apply on other Latitude credit card transactions and if you do not comply with the terms and conditions available at www.gomastercard.com.au/interest-free-offers. Monthly account service fee of $10.95 applies (subject to change).
48 Months Interest Free – No Deposit and No Interest
48 Months Interest Free - No Deposit and No Interest. New customers must apply and be approved. Minimum Financed Amount $750. Available on selected transactions made at independent Harvey Norman® franchisees between 01/07/24 and 31/08/24. Excludes purchases of mobile phones, gaming consoles, gift cards, digital cameras and lenses, hot water system supply & installation, Microsoft Surface Studio products, Apple, Miele and Harvey Norman Customer Direct products. Excludes brands and products that are purchased by customers directly from suppliers at Harvey Norman® franchisee stores. Interest free offer is available to customers who hold a Latitude GO Mastercard or other participating Latitude credit card including Latitude Gem Visa, CreditLine and Buyer’s Edge. Total amount is payable by 48 monthly repayments (the exact amount of each monthly repayment is specified in your statement). If there is an outstanding balance after the interest free period ends, Latitude customers will be charged interest at the then current expired promotional purchases annual percentage rate by Latitude Finance Australia (currently 29.99% per annum – subject to change). Visit www.gomastercard.com.au/interest-free-offers for more information on the provision of credit by Latitude Finance Australia.
Bonus Gift Card Offer
From 01/07/24 to 31/08/24, customers who purchase products from a Harvey Norman®, Domayne® or Joyce Mayne® franchisee using the Interest Free offer from Latitude Finance Australia (as described above in *1) with a purchase price of $750 or more (Eligible Purchase) will be eligible to receive one Harvey Norman®, Domayne® or Joyce Mayne® gift card (Gift Card). Each Gift Card is issued by Derni Pty Ltd, expires 36 months from the date of issue and is subject to the Gift Card Terms and Conditions available at www.harveynorman.com.au/gift-cards-terms-and-conditions. Gift cards may be used at any Harvey Norman®, Domayne® or Joyce Mayne® franchisee. The applicable Gift Card value is based on the purchase price of the Eligible Purchase: spend $750 or more and receive a $75 Gift Card; spend $1,000 or more and receive a $100 Gift Card; spend $2,000 or more and receive a $200 Gift Card; spend $3,000 or more and receive a $300 Gift Card; spend $4,000 or more and receive a $400 Gift Card; spend $5,000 or more and receive a $500 Gift Card; spend $6,000 or more and receive a $600 Gift Card; spend $7,000 or more and receive a $700 Gift Card; spend $8,000 or more and receive a $800 Gift Card; spend $9,000 or more and receive a $900 Gift Card; spend $10,000 or more and receive a $1,000 Gift Card.
You can still just pay it off straight away or in a few months, you don't have to take 48 months to pay it off. My understanding is there is no fee if you pay the entire balance every month.