Arise teamed up with Latitude, the only provider that can offer you Interest Free payment plans* with terms from 24 to 60 months.
Minimum spend applies. Monthly payments required. T&Cs, fees & charges apply. Available on participating Latitude credit cards only.
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Latitude Interest Free FAQs
Latitude Interest Free offers flexible Interest Free payment plans to suit your needs. From 6-60 months, Latitude Interest Free gives you access to a range of Interest Free offers. Existing Latitude Gem Visa, Latitude GO Mastercard, CreditLine and Buyer’s Edge credit card customers can checkout using Latitude Interest Free payment plan.
Latitude Interest Free credit cards such as Latitude Gem Visa or Latitude GO Mastercard work like normal credit cards but offer the added functionality of Interest Free payment plans. There are three different types of Interest Free payment plans:
$2000 TV on 24 months Minimum Monthly = customer required to pay a minimum payment each month. The residual balance of the payment plan will incur interest once the Interest Free period is over. Customers can make extra payments at any time with no penalties.
$2000 TV on 24 months Equal Monthly = customer pays the purchase price in 24 equal monthly installments ($83.33). If paid on time the balance is cleared by the end of the Interest Free Plan period.
$2000 TV on 24 months flexible = customer not required to pay any amount during the Interest Free payment plan period. Customers can make payments at any time with no penalties. This unpaid balance of the payment plan will incur interest once the Interest Free period is over.
Your approved credit limit will depend on your financial situation. The minimum credit limit for Latitude Gem Visa is $1,000 and there is a monthly account service fee.
Look for the Latitude Interest Free logo when browsing online or in-store to know what products are eligible. The minimum purchase amount is different across retailers. Gift cards are excluded.
You will receive a monthly statement that highlights the minimum payment required and the available payment options. Bank transfer, direct debit,debit card and BPAY are available.
You can manage your account from the Latitude Mobile App or Latitude Service Centre. Search Latitude App in the App Store or Google Play.
*Approved customers only. Equal monthly payments required (exact amounts specified in your statement). Minimum spend applies to different plan term(s): minimum spend $xxx for months, $xxx for months and $xxx for months. If there is an outstanding balance after the interest free period ends, interest will be charged at the Expired Promotional Purchase Rate, currently 29.99% (subject to change). Interest may also apply to other credit card transactions or if you do not comply with the T&Cs. Conditions of use set out the T&Cs of the Latitude Gem Visa credit card. If you fail to make your minimum monthly payment for two consecutive months, you agree that your equal monthly payment plans (Instalment Interest Free Promotion) with a term of fewer than 33 months will change into a minimum monthly payment plan (Interest Free Promotion) for the remaining duration of the initial plan term. Credit provided by Latitude Finance Australia ABN 42 008 583 588 Australian Credit Licence number 392145
24 months Interest Free payment plan (equal monthly payments) – The plan is payable by 24 equal monthly instalments. As the equal monthly payment plan (Instalment Interest Free Promotion) is for a term less than 33 months, the minimum monthly payment will be greater than an interest free payment for the same term and you may pay more interest on any other outstanding balance on your credit card account, as your repayments will be allocated to this plan first.
If you don’t make your minimum monthly payment, for two consecutive months, you agree that all equal monthly payment plans (Instalment Interest Free Promotion) with a term less than 33 months will change to a minimum monthly payment plan (Interest Free Promotion) for the remainder of the original plan term. Minimum spend $600.
36, 48 & 60-months Interest Free payment plan (equal monthly payments) – The plan is payable by equal monthly instalments (exact amounts specified in your statement). 36 month minimum spend $900, 48 month minimum spend $1,200 and 60 months minimum spend $1,500.
