Rates and fees
| CreditLine |
Amount |
Description |
|
Interest rate
|
| Annual Percentage Rate (APR) |
29.99% |
Interest rate applicable on outstanding balances
that are not subject to a promotional period
|
| Cash rate |
29.99% |
Interest rate applicable on cash advances,
purchases & BPAY where biller doesn't accept
credit or we have otherwise told you that will
be treated as a cash advance.
|
| Services |
| Establishment fee |
$25 (one-off) |
This is a once-only fee for establishing your
account.
|
| Account servicing fee |
$9.95 |
Charged monthly if the outstanding balance is
greater than $10.
Note: Effective from 22nd May
2024, the monthly account service fee will
increase from $9.95 to $10.95.
|
| Paper statement fee |
$5.00 |
|
| Overdue fees |
| Late fee |
$45 |
This fee is charged if you do not pay any amount
that is due and payable (e.g. your minimum
monthly payment) by the due date.
|
| Cash fees |
| ATM withdrawal fee |
Greater of 3.5% or $4 |
Charged when you make a cash withdrawal from an
ATM.
|
| EFTPOS withdrawal fee |
$0.85 |
Charged when you make a cash withdrawal using
EFTPOS
|
| BPAY cash advance fee |
Greater of 3.5% or $4 |
Charged if you make a BPAY™ payment to a biller
who doesn't accept payments from credit cards or
we otherwise tell you that the payment is to be
treated as a cash advance. You'll be notified
before making your BPAY™ payment if this charge
is to be applied.
|
| Payment fees |
|
Payment handling fee
|
$3.95 (in person) |
Charged for each payment made in person. |
|
$1.95 (online) |
Charged for each payment made online (this
excludes payments made via the Online Service
Centre).
|
| Description |
Charge |
| Annual fee |
$0 |
| Purchase annual percentage rate |
20.40% p.a. |
| Cash purchase annual percentage rate |
24.40% p.a. |
| Cash advance fee |
$4 or 3.5% of the cash advance, whichever is
greater
|
| Establishment fee |
$25 |
| Late fee |
$45 |
| Paper statement fee |
$5.00 |
| Payment handling fee |
$3.95 (in person)
$1.95 (online)
|
| Monthly account keeping fee |
$4.95
Note: Effective from 22nd May
2024, the monthly account service fee will
increase from $4.95 to $5.95.
|
There are ways to reduce fees — or even avoid
paying some of them altogether.
Know how much you have
Keep track of your account by using the
Online Service Centre
or download the
Latitude App.
Need to change your limit?
We've got you covered. You can decrease your limit or
apply for a new limit increase
online.
Avoid late fees
-
Ensure you've paid at least your minimum payment
before the due date*.
-
Allow an extra day or two. Remember, payments like
BPAY™ and personal cheques can take 3 - 5
business days to process.
-
Make sure you have enough money in your account to
cover all direct debits and other scheduled payments.
