What is Latitude GO Mastercard’s 6 months Interest Free feature?
A new Interest Free feature is now available in the Latitude App, allowing 6 months Interest Free on everyday purchases of $250 or more on Latitude GO Mastercard.
What transactions are eligible?
Everyday purchases of $250 or more can be selected to get 6 months Interest Free. You need to go to the Latitude App and select within 30 days.
Is there a fee for creating 6 months Interest Free on my everyday purchases of $250 or more?
No, there is no fee.
Is there a limit to how many purchases I can get on 6 months Interest Free?
There’s no limit - you can select all eligible purchases that are presented to you in the Latitude App.
Do I need to go into the app and select to get 6 months Interest Free every time I make an everyday purchase of $250 or more?
Yes, every time you make an everyday transaction of $250 or more, you’ll need to go into the app & select to get 6 months Interest Free. Any new purchases you add in the same statement cycle will be combined to the existing balance of purchases you already have 6 months Interest Free on.
How does Interest Free work?
With this new feature, you’ll pay no interest during the 6 month promotional period however you will need to make minimum monthly payments.
Keep in mind that at the end of the promotional term, any remaining balance will revert to the interest rate for everyday purchases, if it's not paid out on or before the expiry date.
What is an adjustment?
An adjustment is a repayment or credit, such as a refund, that has been made to your account and reduces the balance of your everyday purchases. You may notice an adjustment has occurred when the total balance of the 6 months Interest Free, is less than the total sum of purchases selected.