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28 Degrees Mastercard - $0 Monthly Fee for 12 Months (Normally $8 Per Month) @ Latitude Financial

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28 Degrees Mastercard - $0 Monthly Fee for 12 Months (Normally $8 Per Month) @ Latitude Financial
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epicttiimm on 12/09/2024 - 13:19 latitudefinancial.com.au (3291 clicks)
Last edited 12/09/2024 - 15:46 by 2 other users

Targeted deal - check your SMS for a $0 monthly fee offer.

Good thing I didn’t insta cancel like so many people - seems like I’ll keep this card for another year. I’m a longtime cardholder with the 12m price protection. I’ve got about $15k left on my lifetime claim limit - will try to use up as much as I can this year.

XXXXXX, we're waiving 12 months of the monthly card fee on your Latitude 28° Global Platinum Mastercard so you can enjoy more shopping in the Black Friday sales! Check your inbox for more info.

Financial 28 Degrees Credit Card Latitude Finance Australia MasterCard

Related Stores

Latitude Financial
Latitude Financial

closed Comments

                • Legoman on 14/09/2024 - 13:39
                  -1

                  @c9: Bankwest will not like you doing this as a credit card account does not hold an ADI licence. Same issue why GE Money had to close this loophole for the 28° and introduce fees for payment and downright banned payments in excess of the amount owing. If you keep doing this, you will ruin the product for all Bankwest card holders when they are forced to introduce all the fees to prevent it, just as the 28° was ruined by the same clowns using a credit card as a debit card.

                  If you want all the hate of the credit card using community raining down on you for destroying the Bankwest Platinum Credit Card by using it against the credit licence and TOS, then by all means, go ahead and keep doing this.

                • paullovesbargains on 16/09/2024 - 10:05

                  @c9: alot of cards won't allow this. they send the money back to your source account.

              • greennick on 12/09/2024 - 23:36

                @blazerunner: Good call out, can load up on the credit card to get around it which I did once. However it was annoying, so recently I just used a bank account and debit card with them for the same effect, no cost on the account.

                • watwatwat on 14/09/2024 - 14:02

                  @greennick: ^ Overloading the card seems like a convoluted way to take out cash.

                  Whenever I know I am travelling in the following month, I do 5 $0.01 transactions at woolworths self checkout to meet the requirements on ING. Then I have zero fee ATM withdrawal.

                  • UrMumsOnlyFan on 15/09/2024 - 00:15
                    +1

                    @watwatwat: ING Orange Everyday requires a $1,000 deposit plus 5 settled card purchases to activate the 100% rebate on any ING International Transaction fees charged on transactions made in the month and Full fee rebate on the first 5 eligible fee incurring ATM withdrawal transactions (excludes International ATM operator fees) benefits in the following calendar month. These hoops and limitations could be an annoyance for some.

                    The Bankwest Easy Transaction Account has no hoops (and no monthly fee). Shop in person and online from anywhere in the world and we'll charge $0 foreign transaction and ATM fees.

                    I have both Bankwest and ING for added redundancy.

      • jv on 12/09/2024 - 14:35
        +3

        Also, Bendigo Bank

        https://www.bendigobank.com.au/personal/credit-cards/ready/

  • lawyerz on 12/09/2024 - 13:45
    +2

    Lol

  • hiaaron on 12/09/2024 - 13:46

    Will the reward and new price protection be paused as well? If not I will just keep spending $1k to earn the gift card and get price protection.

    • utsc on 12/09/2024 - 15:05

      What gift card?

      • grasstown on 12/09/2024 - 17:39

        1000 spend a month for $10 gift card

  • beOson on 12/09/2024 - 13:46

    Stupid move by them.

  • mr_asstight on 12/09/2024 - 13:47
    +1

    I hit my $20k insurance limit after 14 years

    • xwx on 12/09/2024 - 13:53

      nice work, that feature was an absolute winner! Not getting one of these and then routinely paying full balance in the few days before statement close is comfortably my largest missed deal on a CC!

    • Vladdo on 12/09/2024 - 14:07
      +2

      Is there any way to find out what that is?

    • UnrealMacaw on 12/09/2024 - 14:15

      What happened when you hit it?

      • mr_asstight on 12/09/2024 - 15:31

        No more cover

        • leeroys_dad on 12/09/2024 - 15:39

          Same! I think we are part of an elite club

    • BlitzR on 12/09/2024 - 14:19
      +2

      What feature is this? I've been a member for a long time and don't know about this…

      • mr_asstight on 12/09/2024 - 15:32
        +1

        Grandfathered before 2019 or so I think

    • itsTricky83 on 12/09/2024 - 18:34

      How do you even start to make a claim?

      When I google "28 degrees price protection claim", the Latitude Financial link redirects to some shady looking Hallmark Insurance page.

      I've never bothered but maybe I should be making proper use of the feature now, better than never! I've been with them for yonks.

      • OzMeow13 on 12/09/2024 - 19:58
        +1

        As weird as it is that's the right page…I have an email from the 7th March this year with a 'make a claim' button which re-directs to hallmark.

        • itsTricky83 on 12/09/2024 - 21:28

          Thank you. I'll try to bother myself enough to claim on a few things as time goes by. I am an early adopter of tech so most of what I buy is sold cheaper within the year. In fact, my Pixel 8 Pro comes straight to mind, although it was bought through a complex jb-hifi ozbargain deal.

          • Todes Angst on 13/09/2024 - 08:45

            @itsTricky83: During Covid I bought a Nvidia 3080 for $2300 because i was sick of waiting. Over the next 6 months the price dropped to a low of $1099. 28º card price protection paid for itself in that one transaction.

      • UnrealMacaw on 12/09/2024 - 22:40
        +3

        Hallmark bought the insurance off the last provider I think.

        Hot tip - Even 12mths after you bought the item, you can still make a back claim if you can price there was a lower price somewhere within 12mths of purchase. I've made a few claims relying on ozbargain posts to prove the cheaper price in the past.

        • Notatightass on 13/09/2024 - 15:07

          So you used a screenshot of ozbargain and not the actual product page for a price reduction over $200?

          • UnrealMacaw on 18/09/2024 - 07:04

            @Notatightass: Yes that's right. When I realised I could back claim I went back through high value items from past statements and ended up getting hundreds back on a phone, if I recall correctly.

    • frogduck on 13/09/2024 - 23:50

      Were you counting? or did they advise that you reached it? I have no idea how much i've claimed in total.

  • youfnc on 12/09/2024 - 13:48
    +1

    Mine came through as an email so keep an eye on that too.

    • Cuddlah on 12/09/2024 - 13:50
      +2

      Mine did too, was bummed I had no SMS so checked my email and there it was!

  • parneli on 12/09/2024 - 13:51
    +4

    Too late for me canceled all cards in the house hold.

    • humperdoo on 12/09/2024 - 14:52
      +1

      Same, received the email lst night it was closed.

      was a solid card but I always had fraudulent transactions while overseas. Now that's cleared they are all canceled.

      A little too late.

  • edisonAU on 12/09/2024 - 13:52
    +44

    Not a bargain. Imagine every company raising prices, and then reducing it back to the original price for 12 months.

    They hope you don't cancel the card, and then forget about cancelling your card after 12 months and you start paying the fee.

    • epicttiimm on 12/09/2024 - 13:59

      By definition it’s a bargain - $0 instead of $96.

      I’ll get my grandfathered benefits (price protection), plus the additional benefits ($10 gift card etc etc).

      Flexiroam
      Amazon Prime

      Set a reminder on your phone next year.

      • xwx on 12/09/2024 - 14:09

        You paying all/most of your balance before the statement cycle closes? (Thus reducing your 1% fee to basically nothing)

        • theory on 12/09/2024 - 14:30
          +4

          Isn't this the OzB way? I've had my 28 Degrees card for 10+ years and never paid a cent of interest.

          • xwx on 12/09/2024 - 14:40
            +1

            @theory: For some of those smart folks like you who got on the train early! I wasn't paying attention and never got this card.

            • theory on 12/09/2024 - 14:43
              -1

              @xwx: Sure, but my point is you should pay off your purchases ASAP on whichever credit card you have so you never have to pay interest!

              • xwx on 12/09/2024 - 15:03
                +2

                @theory: Oh that yes. Always before due date. The great bargain with the 28D price protect was paying the balance early, before the statement closed not just by the due date. Therefore getting the 1% fee for PP benefit on a balance of $0ish; I missed jumping on that.

              • Legoman on 14/09/2024 - 15:04
                -2

                @theory: The primary use of a credit card is consolidation of expenditure behind the convenience of 44/55/62 days interest free. Paying off the card prematurely as suggested as a loophole way of gaming an insurance swindle to allow one to buy overpriced goods as an early adopter to then hopefully claim the overpayment back at some time in the future down to the price a sensible bargain hunting buyer would have paid in the first place, is counter-productive in the extreme.

                You gain an unguaranteed cheap price for something you want right now, based on an assumption the price will fall in the future. But in that gamble, you are forfeiting some of the interest free period you get from the credit card and thus the interest earning capacity of the money used to pay it off. If you miss the repayment date you get stung with a 1% fee. If you need to pay by BPay you get stung with a payment fee. If the price doesn't drop, you lose the gamble entirely, if your claims are rejected for whatever spurious reason determined soley at the discretion of the insurance company, who let's not forget is in the business of denying claims, then you lose the gamble.

                Lots of ways to lose or be caught out, very few ways of winning and none of them without risk or guaranteed.

      • jv on 12/09/2024 - 15:41
        -2

        By definition it’s a bargain - $0 instead of $96.

        No, it's actually still $0…

      • pauper on 12/09/2024 - 18:21

        What is this Amazon Prime deal using this card?

    • jonomatic on 12/09/2024 - 16:15

      Raising the RRP and then putting something on sale close to the original price? I've seen that quite a lot recently. The PS5 and PS Plus price increases come to mind.

      Then when they go on sale people think that is a bargain.

      • Legoman on 14/09/2024 - 15:09
        -2

        This is the very concept of every single "sale" ever in the history of retailing of anything and literally everything! It's why every single store you walk into at any time of year is always having a "sale". The "sales" are constant. Ergo, if the "sales" were real and genuine, no business would ever make a profit and they'd all go bust… oh wait… it seems that's exactly what is happening.

  • recession1 on 12/09/2024 - 13:53
    +10

    Sounds like they’ve gone into damage control. There must have been thousands of cancellations.

    • leiiv on 12/09/2024 - 14:05
      +3

      Too little too late, probably only those with the price protection stay now, which is probably not what they want.

    • bdl on 12/09/2024 - 14:36

      They are becoming experienced at damage control. Wouldn't say they've mastered the art of damage control - however have given themselves lots of opportunities to do so :P

      • blazerunner on 12/09/2024 - 16:43
        +4

        Lots of damage. Control? Not so much. 😅

    • Atomic117 on 12/09/2024 - 21:02

      apparently all those cancellations have applied for a bendigo card. i'm awaiting the longest card approval i've ever had, and i keep recieving SMSes about my progress (or lack there of) in the queue, and how they're experiencing an unprecedented number of applications in the last month beyond their capacity to process them

    • prankster on 12/09/2024 - 23:16
      -1

      i was surprised when i cancelled the card before and they didn't even try to stop me. it was just like ok its done thankyou have a nice day lol

  • virtualds on 12/09/2024 - 13:53
    +4

    How to find out the remaining limit of price protection? @epicttiimm

    • tg786 on 12/09/2024 - 14:23

      Would like to know this too!

  • CDG on 12/09/2024 - 13:55

    worth to keep if if you got price protection i guess

  • SilentX on 12/09/2024 - 13:55

    How do I know if I have the price protection? I have had this card for a while…

    • b-radicool on 12/09/2024 - 14:00

      Try putting a claim in 😀

    • recession1 on 12/09/2024 - 14:07
      +1

      Leave $5 on your balance at the end of the month and see if you get charged the insurance fee

    • MeesusEff on 12/09/2024 - 14:44

      If you've never received an email reminding you to use it then you don't have it

    • ntb on 12/09/2024 - 16:15

      You have to opt in when it was still an option. If you don't remember then you probably don't have it.

  • captbollocks on 12/09/2024 - 13:56
    +2

    I cancelled but not before claiming the 3 months Amazon Prime offer lol.

    I'm with Up Bank now and they seem really good.

    • b-radicool on 12/09/2024 - 14:00

      Any price protection?

    • eagerfisherman on 12/09/2024 - 14:07

      Up are an amazing bank, I do use that card for all my International day to day spending and cash out.

      But it's not a credit card and those do offer a lot of benefits.

  • thisisscotts on 12/09/2024 - 13:56
    +8

    After cancelling my 28Degrees card, I signed up with Bankwest. I have no good reason to go back to 28Deg.

  • CDG on 12/09/2024 - 13:58

    any chance can call and ask to waive the fees?

    • competitions on 12/09/2024 - 14:05

      No chance if you don't call

    • kevmev12 on 12/09/2024 - 17:21

      Unlikely - I called to cancel my 28D card last week, after waiting in the queue for about 45 mins, they did it on the spot without any questions or counter-offer.

      • Amaris on 13/09/2024 - 08:48

        I think card companies are now not allowed to offer sweeteners to stop a member cancelling a card

        • kevmev12 on 13/09/2024 - 13:29

          That's a shame… there was a time when my Citibank CC annual fee was due, I just called them and threatened to cancel my card, they'd put me through to the 'retention team' and they waive the fee pretty much straight away. Good times!

          • Legoman on 14/09/2024 - 15:21

            @kevmev12: Citibank never were particularly concerned with rules. Citibank followed their own rules.

          • timhn on 29/09/2024 - 08:25

            @kevmev12: Not any more. Banks are not allowed to give you any incentives to keeping your credit card longer if you have asked to cancel first.

            On other hand, if you asked them to drop the annual fee else you may considering close it, then they could do something.

  • watwatwat on 12/09/2024 - 14:02
    +9

    They should call it the 360 Degrees card because when you see it, you turn 360 degrees and walk away.

  • badbadtz on 12/09/2024 - 14:02

    Oh crap, I didn't even read the variation notice email so didn't know they were going to charge a monthly fee…. I would have cancelled too if I knew, but have got the SMS and email about $0 for 12mths, so I guess i'll keep it for now.

    • d123 on 12/09/2024 - 22:20

      Is there any action you need to take to get the $0 for 12 months or is it automatic?
      I'm in the same position as you, I think, but I haven't received any SMS or email offer unfortunately.

  • competitions on 12/09/2024 - 14:04
    +7

    Thanks for the reminder - to cancel the card

  • Aminn on 12/09/2024 - 14:04
    +8

    im closing my account today 😂

  • placard on 12/09/2024 - 14:05
    +10

    Cancelled today. Good riddance.

    Who would choose this card over any of the big banks now?

    Like it was good for travel and you paid it off before interest accrued, but with monthly fees and high interest, why would you choose it to sign to today?

    • Frozensage on 12/09/2024 - 14:34

      if u can't get a new cc and fail credit check?

      • placard on 12/09/2024 - 15:00

        Why would Latitude have any less requirements to get one than any other bank?

        • shkippy on 12/09/2024 - 17:01

          Well, I'm in that boat. Was considering cancelling, but first applied for another card and was denied due to the fact that I now have a mortgage, a dependant and a $20k Citi Prestige CC that I'm rorting. So this is a welcome relief, as I am planning on traveling in December & January.

          • rokufan on 12/09/2024 - 18:59

            @shkippy: What's the Citi Prestige CC rort? PayAll?

            • shkippy on 12/09/2024 - 23:29
              +1

              @rokufan:

              PayAll?

              Yep, so don't want to give that up anytime soon, well at least until the recurring payments stop.

  • lawyerz on 12/09/2024 - 14:06
    +3

    This is like price jacking with extra steps.

  • Leem87 on 12/09/2024 - 14:07

    I got an email saying they have waived the month fees for a year.

  • Iwantthebestprice on 12/09/2024 - 14:08

    Does any other CC offer price protection? I cancelled this card recently and checked all Citi and Amex cards and nothing.. I assume the party is over for PP?

    • OzBrogains on 12/09/2024 - 14:21

      No card I know of has/had a PP policy as good as Latitude's one. Any retailer in Australia, within 12 months, up to $1k per item. Other price protections require it to from the same retailer, but Latitude's one allowed any retailer.

      • mr_asstight on 12/09/2024 - 15:33

        Coles had it but that got grandfathered too and was only price protecting from the same retailer

      • andyfc on 12/09/2024 - 17:11
        +2

        Maybe I'm too good with finding bargains, I've never been able to use it…

        • odysseus on 12/09/2024 - 17:53
          +2

          Exactly.

          That benefit is more for those who buy hot new releases early on, then the price drops over the coming year. But if you're more a bargain hunter, not so much or any benefit.

  • ClaudeVL on 12/09/2024 - 14:09

    Got ine for 3 months interest free! Would have preferred 12 months fee free!

  • rmsprs on 12/09/2024 - 14:14

    I paid my outstanding balance today and waiting for the funds to settle in order to cancel but now that 28 degrees did a 360 degrees, I am keeping the card IF I get this offer. lol

  • fatpizza on 12/09/2024 - 14:15

    I decided to keep mine for a month to see what options I get with the $10 gift card. If it turns out to be useless then I'll cancel. Unless I get this SMS of course!

  • bdl on 12/09/2024 - 14:17
    +5

    Pricks

  • Zodiacmindwarp on 12/09/2024 - 14:17
    +6

    Thes clowns closed my account for no reason and with no notification. I was told my account had been dormant for 18 months even though I had a statement with transactions from eight months ago. They told me I would have to reapply, so I never did. I now use my Macquarie or Ubank debit card.

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