• In 23 days
  • long running

Spend $1000 in a Month with 28 Degrees Mastercard & Receive a $10 E-Gift Card ($8 Monthly Card Fee) @ Latitude Finance

933
Spend $1000 in a Month with 28 Degrees Mastercard & Receive a $10 E-Gift Card ($8 Monthly Card Fee) @ Latitude Finance
Go to Deal
His_Holiness on 07/08/2024 - 13:47 latitudefinancial.com.au (309 clicks)
Last edited 07/08/2024 - 13:52 by 1 other user

Effective from Tuesday 17 September 2024, there will be some important changes to your Latitude 28° Global Platinum Mastercard credit card product. A card fee of $8 per month will be introduced and the interest rate on purchases will increase to 27.99% p.a. New features will be available including a new rewards program where you will be eligible for a $10 e-gift card every statement period when you spend $1,000 or more on eligible transactions within the statement period, and access to complimentary E-Commerce Protection Insurance and Purchase Protection Insurance.

How does this impact me?

  • 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 rate on purchases - This rate is increasing to 27.99% p.a.
  • Under a new Latitude Rewards program, you will be eligible for a $10 e-gift card every statement period from a retailer of your choice via the Latitude App when you spend $1,000 or more on eligible transactions in each statement period.
  • Complimentary Purchase Protection Insurance will now be available covering the loss of purchases due to accidental damage or theft - up to $1,500.
  • Complimentary E-Commerce Protection Insurance will now be available covering the non-delivery and/or incomplete delivery of online purchases - up to $1,500.

All other existing card features will remain the same. If you would like to know more you can find the full list of features on our website.

Financial 28 Degrees Credit Card Latitude Finance Australia MasterCard

Related Stores

Latitude Financial
Latitude Financial
MasterCard AU
MasterCard AU
Marketplace

Comments

  • Rhodekil on 07/08/2024 - 13:51
    +59

    This can't be real… This is the worst offer I think I've ever seen lol

  • askbargain on 07/08/2024 - 13:51
    +14

    becomes a worse product

    let me post this as a deal

  • zakarados on 07/08/2024 - 13:52
    +34

    Thx for the heads up. Time to cancel my card.

    • Bdawg on 07/08/2024 - 14:19
      +1

      I cancelled months ago, if I didn't before, I certainly would now!

  • sirbangforbuck on 07/08/2024 - 13:53
    +2

    Have had this for years good for overseas trip looks like its time to cancel :( is there a better alternative?

    • nonpop on 07/08/2024 - 13:59
      +5

      Have a look at Bankwest Zero Platinum : https://www.bankwest.com.au/personal/credit-cards/no-annual-…

    • chanhoz on 07/08/2024 - 14:00
      +1

      Bendigo https://www.ozbargain.com.au/node/818657

      • mathew42 on 07/08/2024 - 14:11
        +4

        Bendigo Ready Credit Card is my recommendation as it includes $0 international transaction fees, no fee for additional card holders and 90 consecutive days international travel insurance.

        The only issue I had is that the application process is more rigorous than other cards.

        Now I need to work out how to cancel my 28 Degrees Card.

        • Gavman on 07/08/2024 - 14:15
          +5

          Login online and request to cancel (option there). I just did this 2 min ago - was fairly simple

    • Gavman on 07/08/2024 - 14:07
      +2

      Ubank Debit Card

      • SickDmith on 07/08/2024 - 14:36

        Probably going to open this while they still offer $30 referral bonus for opening an account.

      • CyberMurning on 07/08/2024 - 16:23

        That is debit this is credit card. Not same baby

        • SickDmith on 07/08/2024 - 23:02

          I know. But I don't think I would be able to get another credit card at this moment so I need to replace 28 degree one with some debit card without international transaction fees.

    • tabboy on 07/08/2024 - 14:16

      Macquarie bank also.

    • SickDmith on 07/08/2024 - 14:30

      is there a better alternative?

      What about ING Orange Everyday?
      Does it require jumping through hoops ($1000 deposit and 5 transactions) to get international fee waived?

      • CyberMurning on 07/08/2024 - 16:23

        That is debit this is credit card. Not same baby

        • SickDmith on 07/08/2024 - 23:02

          I know. But I don't think I would be able to get another credit card at this moment so I need to replace 28 degree one with some debit card without international transaction fees.

  • thisisscotts on 07/08/2024 - 13:54
    +10

    Looks like it's time to cancel!

  • Hinee on 07/08/2024 - 13:55
    +21

    After having this card for about a decade it's finally time to get the scissors out.

    • Hinee on 08/08/2024 - 12:54

      Wow that was way easier than I expected.

  • cloudy on 07/08/2024 - 13:55
    +1

    Thanks for posting, will make me think twice about keeping this card now

  • TheChief on 07/08/2024 - 13:56
    +1

    What a deal. This must be a post from either Commbank or Westpac's Creditcard department

  • Shikha966 on 07/08/2024 - 13:57
    +4

    Worst change ever. Time for mass cancellation.

  • j4ck on 07/08/2024 - 13:57

    Well.. This sure does suck!

  • drazenm on 07/08/2024 - 13:59

    Sure latitude, bend over just a little bit more, bit more, to the left…

    For $2?🤣

  • RogueWolf on 07/08/2024 - 13:59

    This would be fine if they were including travel insurance & extended warranty on electricals, the new inclusion are pretty meh

  • Wiadro on 07/08/2024 - 13:59

    Wow finally a generous deal

  • mini_wombat on 07/08/2024 - 13:59
    +3

    Wow !!! Time to cancel.

    I guess we get this slowly with all cards when we don't start using cash more. They lure you in with all these points in benefits but the endgoal is to just charge you some % of every transaction you make. What a business model! You might not get charged directly … but you pay it indirect!

  • tarkine on 07/08/2024 - 14:02
    +4

    I'm a beggar and I choose no.

  • isthisreallife22 on 07/08/2024 - 14:03

    oh no :(

  • krisspy on 07/08/2024 - 14:07

    Kept this for the grandfathered price protection, but I've really o ly used it maybe once. I don't see the value in it anymore considering the lowest prices are obtained from stacking discounts and jumping through hoops - none of which they'll bother accepting when making a claim.

    • bohn on 07/08/2024 - 14:33
      +5

      you are doing it wrong. best way is to purchase at the highest price, get the highest % cashback on that price through cashrewards etc, then price matching to the lowest.

      Numerous people no longer have the insurance cos they've hit the $20,000 policy limit. It's very good once you use it, and I can assure you, there are so many things you can price match that does not involve any stacking / hoops.

      • phihung on 07/08/2024 - 14:43

        I may be misunderstanding… but is the price protection being removed for those grandfathered as well? It's the main reason I still have the card and I'm nowhere near the policy limit.

        If not, and depending on requirements for the gift card, the changes may not be too bad for my circumstances…

        • roughana on 07/08/2024 - 15:05

          but is the price protection being removed for those grandfathered as well?

          All other existing card features will remain the same.

        • _tony on 07/08/2024 - 16:16

          Only reason for keeping mine.

      • krisspy on 07/08/2024 - 15:32

        What I'm saying is that they won't accept the lowest price due to how they're obtained. Take a look at Samsung phones, a phone goes from $2.2k to $1.3k by stacking 4 different discount codes on an affiliate program with current promotions. No way in hell they would accept that and refund the difference.

        Like I said, most of the stuff I would buy went cheapest when codes were stacked, either through ebay or otherwise. Buying something outright and getting a refund elsewhere would not have given me a bigger yield.

        • bohn on 07/08/2024 - 15:35

          yeah so that's one item. a samsung phone. do your parents buy everything else for you?? ;)

          you telling me the phone is the only thing you can think of to price match.

    • roughana on 07/08/2024 - 15:12

      How do I determine if I have price protection or not?

      • bohn on 07/08/2024 - 15:18
        +1

        check any statement you've received that has a balance owing > $0

        You'll be charged a 1% fee for the insurance

    • MeesusEff on 07/08/2024 - 16:01
      +1

      I buy games full price from EB games, then claim in a year's time from whatever deal is on. Or if I want something quick, I buy from Amazon with free shipping, then claim from whatever dodgy as site selling at half price since they don't care about the shipping fee. Never got a claim denied

      • grasstown on 07/08/2024 - 16:22

        Don’t they factor in shipping?

        • MeesusEff on 07/08/2024 - 17:00
          +1

          Nope, just item price in the claim

          • sssx on 07/08/2024 - 19:58

            @MeesusEff: Thought they wouldn't match the shipping part (or at least if they saw it as a separate item on the invoice, in the cases they request to see the invoice) - in that case I have another claim to make!

            • MeesusEff on 07/08/2024 - 22:05

              @sssx: Why would there be an invoice for a second if you already bought the item and just want to claim the price difference lol. If it's a big drop they just ask for proof of the cheaper price, and your original receipt. They won't ask if the cheaper price has shipping costs :)

  • grasstown on 07/08/2024 - 14:07
    +4

    People think we can live without cash but don’t realise what is coming once it’s gone

  • Nom on 07/08/2024 - 14:10
    +9

    A card fee of $8 per month will be introduced

    LOL

    $10 e-gift card every statement period from a retailer of your choice via the Latitude App when you spend $1,000

    Uh, why not just remove the fee for spends over $1K a month ?

    • Gavman on 07/08/2024 - 14:16

      thought they would be smart by incentivizing with $2 net profit offered with the e-gift card.

    • khadro on 07/08/2024 - 14:20
      +1

      Because "you will be eligible".

      It won't be automatically sent to you, you will need to fill something in online or in the app to receive the card.

      And some quite large percentage of people won't do that, so they get north of 60% (likely much higher than that) of their customers paying $8 a month more for no benefit except higher interest rates.

    • rompastompa on 07/08/2024 - 14:24
      +2

      They can then remove the $10 e-gift card in a years time, and by then, they'll hope everyone is used to paying $8/month.

    • sssx on 07/08/2024 - 19:59
      +1

      maybe they buy the gift card with cashback discounts so it's not costing them $10

  • divinekaos on 07/08/2024 - 14:12
    +1

    Cancelling for sure!!

  • drogba on 07/08/2024 - 14:16
    +1

    Cancelled after holding this card for over a decade.

  • shoppe on 07/08/2024 - 14:17

    up to $1,500 ????

    Hmm…. per item, per claim, per order, per month, per year, per century, per…….

    • Travelling panda on 07/08/2024 - 14:22

      Looking at the terms and conditions, looks like it's max $1,500 per occurrence and is also capped at $1,500 per year

      E-Commerce Purchase
      Protection
      Per Occurrence Limit: AUD 1,500
      Annual Aggregate Limit: AUD 1,500
      Excess: NIL

  • mbck on 07/08/2024 - 14:21

    Wow 28 degrees used to be the leader in benefits. The days of great cc are officially over.

  • test8888 on 07/08/2024 - 14:26
    +1

    Interest rate on purchases - This rate is increasing to 27.99% p.a.

    highest ever see!

    • djkelly69 on 07/08/2024 - 14:53

      Anyone remember when CC interest rates used to be around 10-12%, then went up (exponentially) as interest rates went up, but strangely never came back down (like when interest rates were at record lows around Covid)?

      Yes, yes, always pay balance, avoid paying interest, etc, but it is not that simple for some households.

  • nfr on 07/08/2024 - 14:28
    +1

    Will cancel. Paying a monthly fee for such puny benefits is just wrong.

  • mrblu on 07/08/2024 - 14:30
    -4

    In the last 15 months I've saved 1.2k with this card even after going for the cheapest specials on ozb at the time, I'm definitely keeping this one even if they introduce this fee.

  • justtoreply on 07/08/2024 - 14:30

    Should have been on top of my price protection claims. Darn.

  • rmsprs on 07/08/2024 - 14:36
    +2

    They will drop the monthly fee once they notice the number of cancellations. They will lose more in interchange fee than they will make with the monthly fee.

    • Capitalshark on 07/08/2024 - 15:09

      They are probably doing it for that reason, to get rid of all the cards only used once a blue moon, which would cost them a bunch in compliance and admin

  • Jimothy Wongingtons on 07/08/2024 - 14:39

    TIL there are a whole heap of people holding this card without grandfathered price protection plans…

  • thisisscotts on 07/08/2024 - 14:40

    @His_Holiness , you might like to add a link to the discussion in the forum about alternatives: https://www.ozbargain.com.au/node/860487

  • lostincanberra on 07/08/2024 - 14:49
    +1

    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.

  • Lets Go Brandon on 07/08/2024 - 14:58

    Has anybody finalised cancellation TODAY? How did it go?

  • whatisk on 07/08/2024 - 14:58
    +1

    Time to say goodbye. Why don't they just call it an annual fee of $96?
    Best thing about it has been no annual fee and no international fees, etc. The added bonus was the international wifi and more recently free 3GB for 14 days data. I never bothered paying the extra for price protection.

    • kerfuffle on 07/08/2024 - 18:09

      A lot of credit card companies are moving to monthly fees instead of annual fees

  • nekro on 07/08/2024 - 15:08
    +1

    Cheers for the heads up op… just dumped it

  • saiyonic on 07/08/2024 - 15:17
    +1

    Cancelling after a decade of loyalty. There's no benefit for staying and paying the monthly fee when compared with the alternative cards discussed above. Unless you've got the grandfathered price protection.

  • Timetraveler on 07/08/2024 - 15:20

    How do you know if you’re on the godfather plan ?

    • asubtleviolence on 07/08/2024 - 15:29
      +5

      They would’ve made you an offer you couldn’t refuse

      • Timetraveler on 07/08/2024 - 15:31
        +1

        Thanks but example?

        I don’t recall seeing hardly anything from them as I only use it to travel abroad

        • haz on 08/08/2024 - 07:48
          +1

          asubtleviolence was making a joke in reference to the Godfather, I think you meant grandfathered plan.

          • Timetraveler on 08/08/2024 - 11:33
            +1

            @haz: Thanks haz, I see now, went over my head lol

            Senior citizen (me) loosing it more and more.
            Setbacks of aging.

            Appreciate it that you took the time to write and you are 100% correct about godfather/grandfather mistakes.
            By the time I realised what I wrote, I wasn’t able to change it as someone had commented on my post.

  • chinaman on 07/08/2024 - 15:28
    +1

    Ha ha no deal

  • finger on 07/08/2024 - 15:31

    Lol I had a gem visa never used it. If balance was $0 there was no fee. Lucky I checked my junk mail as there was an email stating July 1st or similar you would be charged $11.95 a month regardless of balance.

    Can't wait to see attitude fold when everyone starts closing their accounts and only people left are the dregs of society that never repay their debts.

    • lostincanberra on 07/08/2024 - 16:38
      +1

      'attitude'? Freudian slip? Very fitting!

  • DamonT on 07/08/2024 - 15:34
    +2

    Don't cancel without checking if you can get 3 months free Amazon prime and 6 months free uber One.
    Then, definitely cancel.

    • whatisk on 07/08/2024 - 15:41
      +1

      Just claimed the 3 months free Prime the other day.

    • nekro on 07/08/2024 - 15:46

      Good call.. got free amazon the other week

    • sssx on 07/08/2024 - 20:01
      +1

      think you only get the uber one benefit if you pay with that particular card, so won't help much there?

      • DamonT on 11/08/2024 - 21:41

        You can load up with discounted gift cards

        • sssx on 11/08/2024 - 22:22

          Does uber one give you discounted gift cards?

          • DamonT on 12/08/2024 - 09:17

            @sssx: No you'd need to buy it separately and add to the app

            • sssx on 12/08/2024 - 23:36

              @DamonT: From what I saw with the previous free uber one I got from the 28d credit card - you have to pay with the credit card in order to use the uber one benefit. So unless you can pay with both gift card and a tiny bit on credit card to get the best of both worlds…

              • DamonT on 14/08/2024 - 07:45

                @sssx: ahh fair enough, well there goes that theory

  • n0mad on 07/08/2024 - 15:42
    +1

    this is terrible, had this for so many years and will not be holding.

  • dtrinh on 07/08/2024 - 15:49

    Hi all, so what’s the equivalent that everyone is moving to? Tia

  • freewhere on 07/08/2024 - 15:53
    +1

    Card Cancelled. Thx OP

  • Vortexdiego on 07/08/2024 - 16:05

    Literally got my card yesterday - and looks like I’m going to cancel it today. This was one card I wasn’t going to churn.

  • CyberMurning on 07/08/2024 - 16:24

    After the recent hack they need to collect $ from customers, ie the victim, to boost up their security team.
    Sad….

  • sistermay on 07/08/2024 - 16:30

    I have this card almost a decade, mainly use it for overseas like in Japan for their great exchange rate and no international transaction fees, looks like time to cancel.
    BTW the National debit card which replaced the Citi debit card, does anyone get charged a fee when drawing yen from ATM machine in Japan ? I remember clearly it didn't had a fee when I withdrew yen from the ATM machines in 7 11 in Japan and this time, it did charge a fee, just wondering if it is the case for all ATM mahcines in Japan since the change to NAB card ??

  • orly on 07/08/2024 - 16:34
    +1

    Thank you ozbargain for the PSA of new fees. Been with them for years and years and it's time to cut the card. Sad.

  • coxymla on 07/08/2024 - 16:35
    +1

    Had this card for 15 years or so, ever since it was the "Wizard Clear Advantage" card with a clear hole in the card if memory serves.

    RIP

    • UrMumsOnlyFan on 07/08/2024 - 22:41

      Yep, the card had a little gloryhole.

      Also a customer for >15 years and actually found my original card not too long ago. You used to be able to do cash advances (including from overseas ATMs) with no fee.

  • AzuAzu on 07/08/2024 - 16:55
    +1

    Thanks for the heads up, wouldn't have noticed otherwise.
    Time to cancel…

  • Supercool on 07/08/2024 - 17:12

    Hardest part will be transferring my Turkish Spotify account payment. Shame, have been with them since wizard days.

    Have opened a uBank account whilst I look at others.

Login or Join to leave a comment
Login Join