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Our verdict

Offers long-term 0% payment plans at participating stores across Australia and no interest for 6 months on purchases of $250 or more, with a $10.95 monthly account fee.

The Latitude Gem Visa has partnered with a wide variety of retailers including JB Hi-Fi, The Good Guys, Harvey Norman, Forty Winks, and Webjet Exclusives to offer interest-free finance for major purchases. While actual offers vary by store and promotion, you can expect to find 12-, 24- and up to 60-month 0% interest payment plans at a range of participating stores throughout the year – along with other seasonal offers of different lengths. Often, you’ll even have the option of applying when you’re in-store and ready to make a purchase.

This can be a useful option if you need to pay for big expenses – like a new washing machine or holiday – but don’t have enough savings to pay for it in one go. But keep in mind that an interest rate of 29.99% p.a. applies if you don’t pay off the entire purchase by the end of the promotional period.

This rate is high when compared to the majority of credit cards in Australia. So think carefully about how you plan to use this card and whether you can stick to payment plans that will help you cut down your costs.

Pros

0% interest rate for 6 months on purchases $250 or more
Up to 60 months interest-free payment plans
Up to 55 days interest-free on everyday purchases

Cons

A 27.99% p.a. purchase rate kicks in after the 6-month period
Expired promotional purchase rate of 29.99% p.a. is high
No rewards program and travel insurance
Charges a payment handling fee of $1.95 for BPAY payments and $3.95 for payment at Australia Post. You can avoid the fee by using Latitude’s Online Service Centre or via direct debit.

The Latitude Gem Visa is a credit card that gives you a few different ways to shop interest-free. It has partnered with a range of stores around Australia to offer interest-free payment plans that range from 6 to 60 months, depending on the offer. It also offers 0% p.a. for 6 months automatically when you make purchases over $250 and up to 55 days interest-free on eligible everyday purchases.

But with a 27.99% p.a. purchase rate and 29.99% p.a. expired promotional rate (which applies after a long-term interest-free plan ends), it could get expensive if you don’t stay on top of your repayments.

Details

Product details

Product Name	Latitude Gem Visa
Purchase rate p.a.	Purchase rate p.a. 27.99%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	29.99%
Min credit limit	$1,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	Annual fee $131.40
Minimum monthly repayment	3% of the closing balance or $25, whichever is greater
Late payment fee	$45
Foreign currency conversion fee	Foreign currency conversion fee 3%
Cash advance fee	3.5% or $4, whichever is greater
Overseas cash advance fee	3%

How to apply

You can apply for the Latitude Gem Visa online or in-store at participating retailers when you're taking out a 0% p.a. interest payment plan. With either option, it's a good idea to check that you meet the following eligibility criteria and have all the documents and details needed to complete the application.

Eligibility criteria

Residency. Australian citizens, permanent residents and temporary residents are eligible to apply. Temporary residents need to hold a visa that is valid for at least the next 12 months.
Credit history. You should only apply for this card if you have a clean credit file without any black marks (such as defaults or previous bankruptcy listings). You can check your credit score for free through Finder.

Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, date of birth, email address, contact number, residential address and marital status. You also need to provide a valid form of ID, such as your driver's licence or passport.
Employment details. You need to provide details of your employment status, salary, job title and your employer's contact details. You may also be asked to provide recent payslips to verify these details.
Financial details. This covers your other financial details, including any other forms of income, assets and savings, along with existing debts, loans, cards or other liabilities. You also need to give an estimate of your share of regular household expenses, such as rent, mortgage payments, bills and groceries.

Card benefits

Interest-free payment plans. These plans vary by store and purchase, with three main options:
- Equal Monthly. This plan is available during promotional periods and allows you to repay your purchase in equal monthly payments. Plans for this option vary.
- Minimum Monthly. With Minimum Monthly, terms start from 6 months and you only need to make a minimum monthly payment each month. You can also make extra repayments at any time.
- Flexible. This plan comes with terms starting from 3 months and doesn't require any payments during the promotional period, but you can make payments at any time.
0% interest on purchases for 6 months. Any purchases you make that are worth $250 or more will automatically be eligible for a 0% p.a. interest rate for 6 months from the date of the purchase (27.99% p.a. interest rate applies thereafter). Note that minimum repayments still apply.

Up to 55 days interest-free. This card offers up to 55 days interest-free on your other purchases, as long as you pay the full closing balance by the due date on each statement. This excludes the balance for any active 0% p.a. payment plans.
Mobile payments. You can use this card to make payments straight from a mobile device with Apple Pay, Garmin Pay, Google Pay or Samsung Pay.

Rates & fees

Monthly fee. The Latitude Gem Visa credit card charges a monthly account service fee of $10.95. If you pay the monthly service fee each month, it would add up to $131.40 over a year.
Purchase rate. Outside of any promotions, this card has a standard interest rate of 27.99% p.a. on purchases.

Interest rate for expired long-term interest-free payment plans. If you get an interest-free payment plan through a participating retailer and do not pay it off in full by the end of the promotional period, an interest rate of 29.99% p.a. applies.
Cash advance rate. If you use this card to withdraw cash or make cash advance transactions, an interest rate of 29.99% p.a. will apply.
Foreign transaction fee. A fee of 3% applies for transactions made overseas or online with a merchant that's based overseas.
Payment handling fee. A fee of $1.95 (online) and $3.95 (in-person at Australia Post) applies when you make payments towards the balance on this card. This includes BPAY payments. You can avoid this fee by paying via direct debit, mail or through the Online Service Centre.

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Amy Finder

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Gregory

September 18, 2024

Hi trying to find out if this card is active and if there is money owed on it as we cancelled it a while ago

Angus Kidman Finder

September 18, 2024

Hi Gregory, You’ll need to contact Latitude directly to find out if the card is still active. You can contact the Latitude credit card team on 13 10 24.

Syed

December 12, 2023

Hi. If I make a payment of $1000 to clear my Centrelink debt using gem Visa card will I get 6 months interest free for this?

Thank You.

Syed

Amy Bradney-George Finder

December 12, 2023

Hi Syed,

This card offers 6 months interest-free on purchases over $250. So it would depend on whether or not the payment was considered as a purchase. For example, BPAY payments with this card are not considered purchases. As this is a very specific payment, you may want to contact Latitude directly on 1300 552 079 or through the app to check how it would be classified. I hope this helps.

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Shaz

November 30, 2023

Can Lattitude Gem be use online and in store for Woolworths or Cole’s

Amy Bradney-George Finder

December 04, 2023

Hi Shaz,

Yes, you can use Latitude Gem at Woolworths or Coles, as well as other businesses that accept Visa credit cards. Just keep in mind that the long-term 0% interest plans are only available at participating stores, which does not include Woolworths and Coles. So if you wanted to shop interest-free, you would need to meet the requirements for either interest-free days or 0% for 6 months on purchases of $250 or more, as outlined in this review and by Latitude. I hope that helps.

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Jan

September 10, 2023

For service fee, it is stated that the service fee is only applicable when your outstanding balance is $10 or more.

If I make a purchase of $5000 under 50 months interest free plan and I repay the monthly instalment of $100 per month promptly before the due date, would I be charged of service fee every month?

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Amy Bradney-George Finder

September 12, 2023

Hi Jan,

Based on the details in the Key Facts Sheet, the monthly service fee would apply in that situation until the total outstanding balance for the account was less than $10. If you have a specific purchase in mind, you could check the offer terms and conditions or contact Latitude Gem on 1300 630 977 to discuss details of potential costs and payments. I hope this helps.

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Cheru

July 27, 2023

Do we need to pay account fees monthly when i paid full?

Amy Bradney-George Finder

July 31, 2023

Hi Cheru,

The monthly account fee is waived if your outstanding balance is less than $10. If you have further questions, you can contact Latitude on 1300 552 079. I hope this helps.

Latitude Gem Visa Credit Card

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