28 Degrees Platinum Credit Card Review
Learn about the 28 Degrees Platinum Credit Card in this review to help you decide whether this is the card for you.
- No annual fee
- No overseas purchases fee
- No currency conversion fee
- No foreign transaction fee
- 55 days interest free
- Free 24/7 concierge service
- Worldwide emergency card replacement
Pros and cons of using 28 Degrees Platinum Credit Card
- Can have 9 additional cardholders
- No overseas purchase fee, or currency conversion fee
- No foreign transaction fee
- Free replacement card
- No introductory offers or rewards
- High interest rates after the initial 55 days
- Minimum credit limit is $6000
Benefits of the 28 Degrees Platinum Credit Card
Security
- Chip and PIN
- Completed fraud and protection and security
- The Falcon – fraud anagement system
- Mastercard secure code
- Repayment benefits if something happens to you
- Shoppers protection
Convenience
- 24/7 access to your money via online and mobile banking
- 9 additional cardholders
Savings
- No overseas purchase fee
- No foreign transaction fee
- No currency conversion fee
- Free replacement card
More Benefits
| Shoppers benefits cover* | Shoppers benefits limit |
|---|---|
| Price Protection |
|
| Merchandise Protection |
|
| Stolen Card Cover |
|
| Repayment Benefits Cover* | Repayment Benefits Limit |
|---|---|
| Life cover |
|
| Disability cover |
28 Degrees will not make more than 36 monthly benefit payments over the life of the policy. |
| Involuntary Unemployment Cover |
28 Degrees will not make more than 12 monthly repayments for any one instance of involuntary unemployment, or 36 monthly benefit payments over the life of the policy. |
Fees
All prices are in AUD
| Service fee | Overseas withdrawal | Foreign currency conversion |
|---|---|---|
| None | None | None |
| Account overdrawn | Interest rate on purchases after 6 months | Payment handling fee |
|---|---|---|
| $9 | 21.99% | $2.50 (in person)
$0.95 (online) |
| Cash advance fee | Late payment fee | Foreign transaction fee |
|---|---|---|
| 3% of amount or $4 | $30 | None |
Other info:
- Balance transfer rate p.a. for 6 months 4.99%
- Minimum repayment amount – $30.00
- Minimum repayment percentage – 2.5%
Case Study
Sophie and her husband frequently visit and travel the world in their retirement. Recently, they have been to Budapest, Paris, and Venice.
They were both using pre-paid travel cards for their trips, but found that some of them did not support their required currencies, charged them for overseas withdrawals, transactions, and to redeem their unspent funds when they returned home. They were tired of trying different cards, and wanted to find one that fitted them perfectly.
What they didn’t know was that there was an Award-winning credit card available to them that would take away all the hassle before they flew. A credit card that didn’t charge for overseas ATM withdrawals, transactions, or for any currency conversions, so they didn’t have to worry on their return home – all they had to do was pay off their balance.
All Sophie needs to worry about now is convincing her husband to go on another trip, ASAP!
Online Tools
Save time and let our online tools crunch the numbers for you.
Currency converter
Burning to know what the exchange rate is? Check today’s exchange rate on any amount.
Travel money comparison tool
Heading overseas? Find the best rates for exchanging currency online or find a store near you.
Knowledge centre
Learn the ins and outs of currency
Money transfer comparison tool
Finding the best deal can be nightmare. We bring together all your options by highlighting the fees and rates.
