What’s the exchange rate of the 28 degrees card? 2025
The Latitude 28 Degrees Card – officially called the Latitude 28° Global Platinum Mastercard – is a credit card with some great travel perks, rewards and benefits, available to customers in Australia.
The Latitude 28 Degrees Card has no foreign transaction fee for overseas use, and also offers global data roaming and lounge access if you’re on the move and your flight is delayed. But what’s the Latitude 28 Degrees Card exchange rate which you’ll get when you transact overseas? Let’s take a look.
How can I use the Latitude 28° Global Platinum Mastercard?
You can apply for a Latitude 28 Degrees Card online, and then if you’re approved based on your credit score, you’ll get a card with a minimum credit limit of 1000 AUD. You can then spend to your limit at home and abroad, and repay the amount at the end of the month when you get your invoice from the card provider. Or, if you’d prefer to pay over a few months you can also do that – but interest costs will apply in this case.
Tap and pay in stores, use your card online or add it to your preferred mobile wallet for on the go transactions. The Latitude 28 Degrees Card can also be used in an ATM if you need cash – but in this case cash advance fees do apply, which are 3.5%, plus interest which is higher than the level imposed on purchases.
Alternatives to travel credit cards
Travel credit cards can be very handy for secure payments, and options to earn rewards as you send. But they do have some downsides, too.
To get a travel credit card you may need to undergo a credit check, and you’ll only be issued a card if you meet the card provider’s eligibility criteria. Once you have a card there may be fees to pay – for the Latitude 28 Degrees Card for example, there’s a monthly fee of 8 AUD, no matter how often you use your card. Then on top of that there will be interest to pay if you don’t repay your bill in full and on time, every time.
Credit cards aren’t always the right choice. Costs can mount up pretty quickly and to get on in the first place you’ll need to meet the provider’s eligibility rules, which aren’t always that transparent. If you’re not sure about a travel credit card, compare your options with these alternatives to the Latitude 28 Degrees Card.
Wise travel debit card
Open a Wise account and order your Wise travel debit card to spend seamlessly in 150+ countries for a low one time fee. Wise accounts can hold 40+ currencies, and it’s free to spend a currency you have in your account with your linked Wise card. If you don’t have the currency you need in your account, the Wise card will manage the conversion at the point of payment, with the mid-market exchange rate and transparent fees which can be as low as 0.65%. Use your card in an ATM to get cash when you need it, with no Wise fee for the first 2 withdrawals up to 350 AUD every month*.
A Wise account can also be helpful if you’re looking for ways to receive, hold, send and exchange currencies, with local and SWIFT account details in a selection of 8+ global currencies to get paid, and ways to send money to 160+ countries.
How to get a Wise card
Getting a Wise card is easy – all you’ll need is your phone or laptop, and your ID such as your passport. Here’s how to get a Wise card, step by step:
- Open the Wise app or desktop site
- Select Register and confirm you want to open a personal account
- Register with your email, Facebook, Apple or Google ID
- Upload your ID document to complete the verification step
- Tap the Cards tab to order your card
- Pay the one time card order fee, confirm your mailing address, and your card will be on the way
*Wise will not charge you for these withdrawals, but some additional charges may occur from independent ATM networks
Revolut debit card
Revolut offers 3 different account plans for Australian customers, which can be opened and operated online or in the Revolut app. All accounts come with a linked debit card, and can hold and handle 30+ currencies. Get a Standard account with no monthly fee, or upgrade to a plan which has a monthly charge of up to 24.99 AUD to unlock more benefits. You’ll also be able to make withdrawals at ATMs internationally, with no fee for monthly withdrawals of up to 350 SGD for the standard plan.
How to get a Revolut card
You can open a Revolut account easily in the Revolut app which is available on Apple and Android phones. Here’s how to get a Revolut card step by step:
- Download the Revolut app
- Select Register and follow the prompts to enter your personal and contact information
- Confirm which type and tier of account you would like to open
- Upload your ID document to complete the verification step
- Once your account is verified, your card will be sent to you registered address
Travelex prepaid travel card
You can hold 10 currencies with a Travelex travel card, to spend and withdraw globally wherever you see the Mastercard symbol. It’s free to add money to your card with BPAY, or you can do so in a Travelex branch for a fee. Whenever you need to convert currencies, the exchange rate used is set by Travelex and Mastercard, and may include a markup – but there’s no Travelex ATM fee at home or abroad.
How to get a Travelex card
Order your card online for delivery or collection, or just call into a Travelex location with your normal ID documents to take your card away instantly. If you order your card online you’ll just need to follow the prompts from the Travelex website – but bear in mind that the name on the card you order must match the name on your bank account, in order to top up your card account.
28 Degrees Mastercard exchange rate
The Latitude 28 Degrees Card exchange rate is set by Mastercard, with no additional foreign transaction fee added by the card provider.
Generally the exchange rates provided by networks like Mastercard are pretty fair. The chances are that the rate will include a small markup on the mid-market rate that you might find on Google – but the markup will usually be pretty low compared to bank exchange rates.
You can check the Latitude 28 Degrees Card exchange rate on the Mastercard website. You’ll need to enter the date your transaction was processed – which may not be the same as the day you physically initiated the payment – to get the live rate for that day.
The Latitude 28 Degrees Card exchange rate does not include an additional foreign transaction fee added onto the rate used for exchange. That can mean that this card presents good value compared to alternative cards which apply a foreign transaction fee on all overseas purchases. Not all cards use a foreign transaction fee. None of the alternative cards we’ve highlighted in this guide use one for example, but when a foreign transaction fee does apply, this can push up your overseas cost by about 3%.
The main costs you’ll need to consider when using the Latitude 28 Degrees Card are the monthly fees of 8 AUD, and any interest, penalty or cash advance fees you run into when you transact. Compare the overall costs of this card against alternatives like Wise and Revolut, to see which works best for your needs.
Can you use the Latitude 28° card abroad?
Yes. The Latitude 28 Degrees Card is issued on the Mastercard network, which means it will be widely accepted overseas for spending and withdrawals. Just look out for the Mastercard logo on the payment terminal in a store, or shown on an ATM.
