Rates and fees
| CreditLine |
Amount |
Description |
| Interest rate |
| Annual Percentage Rate (APR) |
29.99% |
Interest rate applicable on outstanding balances that aren't 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. |
| Paper statement fee |
$2.50 |
| Overdue fees |
| Late fee |
$35 |
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% or $3 |
Charged when you make a cash withdrawal from an ATM.
Effective from 9 January 2024, the cash advance fee will increase from 3% of the cash advance or $3 whichever is greater to 3.5% of the cash advance or $4 whichever is greater.
|
| EFTPOS withdrawal fee |
$0.85 |
Charged when you make a cash withdrawal using EFTPOS |
| BPAY cash advance fee |
Greater of 3% or $3.00 |
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.
Effective from 9 January 2024, the cash advance fee will increase from 3% of the cash advance or $3 whichever is greater to 3.5% of the cash advance or $4 whichever is greater.
|
| Direct credit advance fee |
Greater of 3% or $3 (with a maximum of $30 per transaction) |
This fee is charged for each occasion on which you request funds to be transferred to a nominated bank account. (Note: Direct credits are not currently available)
Effective from 9 January 2024 the ability to make a direct credit transfer will be removed.
|
| Payment fees |
| Payment handling fee |
$3.95 (in person) |
Charged for each payment made in person.
|
| |
$0.95 (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% pa |
| Cash purchase annual percentage rate |
24.40% pa |
| Establishment fee | $25 |
| Late fee | $35 |
| Paper statement fee | $2.50 |
| Payment handling fee |
$3.95 (in person)
$0.95 (online) |
| Monthly account keeping fee | $4.95 |
Effective from 9 January 2024, the cash advance fee will increase to 3.5% of the cash advance or $4 whichever is greater.
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.
