Hey all,
Just got an email about the 28 Degrees Mastercard introducing a new monthly card fee of $8 per month, which is quite steep as I only use it for travel and YouTube Argentina.
Any other recommendations for alternatives?
28 Degrees - New $8 Monthly Fee. Alternatives?
ifcw on 07/08/2024 - 12:41
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Just wonder what exchange rates are macquarie using for FX transactions. Interested in knowing how they are compared to the ones used by 28 degrees. Thanks.
I believe they use the Mastercard FX rate, same as 28 degrees.
thanks
Merged from Changes to 28degrees Card | $8 Card Fee
Just received the following from Latitude:
We are writing to let you know about upcoming changes to your Latitude 28° Global Platinum Mastercard credit card. Please note that from 17 September 2024, the following changes will take effect:
- A card fee of $8 per month will be introduced. You will see this fee being charged on your first statement from 17 September 2024.
- Interest rates on purchases – your rate will increase to 27.99% p.a.
- Under a new rewards program, you will be eligible for a $10 e-gift card every statement period from participating retailers when you spend $1,000 or more on eligible transactions in each statement period1.
- Complimentary Purchase Protection Insurance will now be available covering the loss of purchases due to accidental damage or theft – up to $1,5002.
- Complimentary E-Commerce Protection Insurance will now be available covering the non-delivery and/or incomplete delivery of online purchases – up to $1,5003.
I’m planning to cancel it due to the $8 card fee. The only reason I kept it for so long was because of the Shopper's Protection feature.
i dont even get that shopper protect im not sure why i was with them for so so sooooooo long
You'll have it if you pay $8 a month ahaha
Closed it. What a joke. They'll get a flood of cancellation requests.
Makes me think that they are trying to kill the product.
I'm thinking the same. This is a suicide move if they're not. As soon as I get an acceptable alternative, I'll be cancelling too.
Just got the email, no way I will pay $8 a month.
I have a Maquarie platinum debit account with mastercard no overseas fees which I can use. Or the Citibank transaction account which was moved over to NAB I think is grandfathered into no overseas fees still.
And 27.99% - WTF ??
Did NAB still offer these benefits? I thought they removed them so that didn't use the NAB one for this purpose.
Citibank transaction account which was moved over to NAB I think is grandfathered into no overseas fees still.
Yep still no overseas fees
I was about to close that NAB account as I thought for sure they'd remove the no international fees. Just checked the terms and conditions and sure enough they grandfathered that feature over. Just saved me $8/month and opening a new account.
i think after the leak/hack they now need $ from us to rump up their security team.
very sad. we are the victim and then we need to foot the bill.
welcome to the greedy corporation world we lived inLMAO what jokers… freaking $96 a year no way I'm doing this. Goodbye Latitude!
LMAO i will write feedback to them no way even $69 a year you better shove the card to your axxxx latitude
Following.
Haven't got the email yet but no way am I going to pay monthly fee for 28D. Will also start looking for alternative :(
Check your spam folder.
ozb rule number #96 - CANCEL 28degree card NOW or your pay 96$ a year
For the lazies, can we just cancel this card online? Pretty much the only thing that goes through my card is $3.50ish a month for youtube.
Yes, you can. Just closed it via the app:
https://latitudefs.zendesk.com/hc/en-au/articles/36000714321…Thank you. I annoyingly have a credit balance due to something getting refunded so now I need to find something to spend it on before cancelling.
Get Amazon or Coles/WW GC :)
On the APP, you can apply to have the credit balance refunded to a bank account. Quick and easy to do…..I just did it!
Bendigo B ready!
What do they offer?
https://www.bendigobank.com.au/personal/credit-cards/ready/
pretty much everything from the 28D including insurance.
Doesn't have Shopper's protection feature :( That was the only reason for me to use 28degrees card :/
The original main attraction of the card was no hidden FX mark-up. Can anyone clarify on this for bendigo bank or other alternatives?
I got one last week but everything related to this bank is so slow. The online application doesn’t offer to take details for additional card holder. You (account holder and the other adult) have to visit a branch with photo id. cant recall stepping into a bank even for a mortgage but yeah, backward.
Yep, this looks to be my 28D replacement too
Bendigo Bank - Ready Credit Card - $0 Annual Fee, 0% International Fee, Travel Insurance
From the comments, looks like the application process is a pain in the arse. I'm not sure if I'm up to it lol.
With the number of 28Degrees customers jumping ship, the pain might be long and hard. Also disappearance of $0 fee credit card seems to be a trend now — who knows how long Bendigo Bank can keep up.
Yep, I actually applied for this a month or two ago and they wanted way more in the way of documents than they had initially said and I just cbf continuing. Now 28 degrees goes and does this I wish I'd stuck it out.
Bendigo Bank Ready looks the pick with free travel insurance, 3k minimum limit
Bankwest Zero Platinum has a 6k minimum limit and no travel insurance.
ING Orange One Low Rate, no travel insurance, requires hoops (1k transfer and 5 transactions), 1k minimum limitAny others worth considering (credit cards, not debit) ?
I just want a $0 annual fee credit card. Any feedback on Coles Mastercard? vs the Bendigo Bank one commented above?
International Transaction Fee 3.00% on all Retail Purchases and Cash Advances.
No thanks.
https://www.ing.com.au/credit-cards/orange-one.html
If you apply for an Orange One Low Rate Credit Card and are approved for a credit limit of $6,000 or more, you will receive an Orange One Low Rate Platinum card with access to complimentary international travel insurance. Fees and charges are the same for both Orange One Low Rate Classic and Low Rate Platinum.
To me, only downside compared to Bendigo is the $10 fee for an additional card.
Before everyone is all trigger happy to cancel, make sure that you claim:
Very good reminder.
6 Months Free Uber One with Latitude Mastercard -
will have to use this credti card to get uber one offers.
You need to have the card selected, but if you happen to have ubereats gift card that can cover the entire purchase, then there is no charge to the card 😏
correct. but codexd way is also good to overcome
Unfortunately, the offer you're trying to claim will expire before your current offer ends.
Wow didn't realise I could claim it again. Perfect timing because my last 6 months free expires soon.
Uber One
6 months free thanks to Mastercard until Saturday, 17 August, 20246 months free from Mastercard starts on 17 Aug, 2024
Tips like these are why I come to ozb, thanks dude. My Prime subscription trial was about to expire - now I have another 3 months. Awesome
Anyone know if you can pick a start date for the 3GB free data? Heading OS in December and was going to use it then. But with fees being introduced, I'll be cancelling this card before then.
Not sure if I could set a date to activate the data plan….
I used it in June and I think you've got a week or two to start the SIM, definitely won't hold off to December. Still, may as well claim the eSIM now and then just recharge it in December when you do travel.
I found it really good in the US, even though all my data was being routed through Dallas.
Cool, the Amazon offer is good! thanks
checked all 3 and i have claimed them all last year lol
Thanks for info @ifcw
Just confirming I'm not misunderstanding it… I currently spend more than $1000 each month on the card, so the $10 credit will offset the $8 fee?
Ugh, just realised that it's not a credit, it's an "e-gift card", not worth it for the muck around bleh.
damn. the only hassle is updating my card detail on youtube premium.
hmm it was easy. no vpn required to update to new card.
What new card did you update it to? Looking for a new no international transaction fee card specifically for youtube premium and buying Turkish netflix gift card from turgame haha
Bankwest.
Good to know. Seeing your comment reminded me that it's got my Argentina Youtube sub on it so will need to shift that when I ditch the card.
Same, but let's see if the next payment actually goes through.
You should have your ozbargain licence confiscated.
True ozbargainers cancelled after the ATM loophole was closed.
The shoppers/price drop protection is well worth it to keep the card even when they closed the ATM loophole.
"ozbargain license" is probably the cringiest thing i've read on this website
It's a joke dude, obviously it doesn't exist.
The company has closed off many benefits over time (and continues to do so). I don't know why anyone would stick with them.
End of an era; what lousy news. I've had this card since 2009 when it was branded Wizard Clear Advantage.
$96 annual fee and 28% interest is not even remotely competitive. Agreed that it seems like they intend to discontinue the product and are just grubbing some gotcha fees out of anyone not paying attention to the change.
RIP wizard.
Doubt they woulda bothered with the gift card and what not if killing it was the plan.
Most likely not profitable so turning it into something else with the same name.
Same, had it since 2008 and it's been used quite a bit. Over the years I've seen it be sold by Wizard to GE Money, and then sold by GE Money to Latitude Financial - and somehow, all that time, they kept my goddamn driver's license scans and personal information on file (apparently illegally) from the 2008 application to Wizard, so it was lost in the breech last year. I needed to get my license reissued, etc, which Latitude reimbursed. I've only kept the card in order to make it easier to claim on the hopefully positive outcome of the class action that's slowly making its way through the court system.. but I'm not going to pay them for the privilege. Will be bailing now.
Regarding their future, I presume like you do, they're sqeezing the remaining customers and chasing off frugal customers (that're lower value to them) to see what they can recoup - but I don't think they'll kill the product. I think we'll see Latitude Financial sell off the credit card customers/service to yet another financial entity, it's worth more under a new brand as Latitude now has negative brand recognition.
So is Price protection worth $96?
For me, yes, easily make $100+/year off full price purchase with cashback then price matching lowest price.
Looks like they are changing it to a reward card? $10 gift card with $1000 monthly spent, at extra $8/month.
i probably spent $1000 a year lol
Wonder how the fee will work with shoppers protection insurance premiums (charged as 1% of the closing balance).
The FAQ states for the $8 monthly fee: "The fee will form part of your closing balance". If your balance was $0 prior to the $8 fee, will you be charged 1% of the $8 (8 cents)?I asked online chat and they couldn't give me a straight answer and deferred me to call their insurance team (haven't done so yet).
Wow, will definitely be closing (been a customer since 2011). Should probably get a rewards card instead as I already have ING for 0% international txn fee. At least my BMW Amex is still going strong 😂
i haven't received this email yet…. is this across the board>
still might be worthwhile for the shoppers protection.
Looks like you will be only customer left there by end of sept. I am calling to cancel as soon as i get this email
same, haven't received it.
LOL same here!
How can a card have an annual fee and a monthly fee?
It is $8 monthly fee, which equates to $96 per year
Just makes it easier to compare against cards that have annual fee to bring it all to the same period
End of an era. I've had this card for over 10 years I think. It was a good run while it lasted.
Kinda glad though, my card got compromised twice this year. Their fraud prevention must be terrible.Echoing the sentiments of everyone else, had this card since 2013, will be canceling after my NZ trip which thankfully is at the end of August.
I've gotten thousands back this year from the protection insurances alone. I'll probably keep it till they boot me from the insurance.
Which items did you claim it on? And what was the price difference?
Stuff I bought and damaged. A tip for finding price protection is to search on google and go through to the last pages and sometimes there will be .com.au pages selling for crazy prices that meet the requirements for price protection.
Bunch of w**kers! Isn't this the mob that can't even safeguard their own customer data? Hmmm… Yep!
From their website:
"…These were customers and applicants in Australia and New Zealand who had one or more of the following compromised:
Approximately 7.9 million driver licence numbers and some but not necessarily all of: name, address, telephone and date of birth
Approximately 103,000 copies of driver licences or passports
Approximately 53,000 passport numbers
Less than 100 monthly account statements
Income and expense information used to assess approximately 900,000 loan applications, including approximately 308,000 bank account numbers (but not passwords) for the disbursement of funds and approximately 143,000 credit card or credit card account numbers (but not card expiry or 3-digit CVC) for debt consolidation, the overwhelming majority of which are expired or closed…"
Count me cancelling.
I haven't got this email yet, Does that mean this email is only applicable to people on sign-in for purchase protection? If that is the case, there is NO alternative to a reward credit card like Amex. Look like they want to kill the product, costing them too much. So for everyone else, just use as normal ?
Wish OP actually copy/pasted the email details for those of us who haven't received it.
I found this link which has all the details, it is applicable to everyone (so everyone should have received the email) so even tho I haven't received the email I'm going to assume I am going to be impacted and take measure to cancel.
https://latitudefs.zendesk.com/hc/en-au/articles/25970394220…
Fair enough, oh well, I don't think they ever made money from me even though I been using for a decade lol
Could the hackers always stealing customer data from them do me a solid and cancel my card for me. Thanks.
Hey mate, there are quite a few Kabal in the leaks, can you please send me your full name, drivers license, and credit card number (inc cvc) so I can match it up and cancel for you.
Thank you.
I used Ubank Visa Debit for international purchases and overseas trips. I thought their rate is pretty good.
28 degrees seems slightly cheaper around $2-3 per $1000. And yes I will cancel it if they do the monthly sub. Too bad. They have been great.
Bankwest zero platinum credit card - no annual fee, no foreign exchange fee
Also no travel insurance
There doesn't seem to be any mention of keeping Merchandise and Price protection.
I sure as hell hope it doesn't convert to complimentary insurance.
If they don’t mention it then it hasn’t changed.
The stupid thing about this is I spend way over $1000 a month every single month so I'd get the gift cards but it's just too much of a PITA to remember to use gift cards. If only they applied it as a statement credit…
So sad, just got the email and have had this card for many years.
It was good for travel, I would load the card up for $5k in credit and use it overseas to draw Cash out of an ATM. Getting a great rate paying hardly anything in fees.Any recommended cards you can load money on and pay no or hardly any fees?
Macquarie debit card
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are you serious…. ok then cancel for sure.
hmmm how about bankwest? theres is ozb wiki or whirlpool wiki for travel friendly CC check it out.
but for me travelling nowadays, macquarie debit is just good enough. atm everywhere. … tap to pay everywhere… conversion is amazing.
backup: ING orange. similar as above.
but yeah those are DC, few cases we still need CC to pay hotel etc etc or online purchases from here