GEM terms

Finance terms and conditions

6 or 10 Months Interest Free

6 or 10 months interest free.  Amount payable will be shown on your monthly statement. Normal credit and lending criteria and fees apply (including a $52 Gem Visa / $50 Gem Creditline annual fee) Minimum purchase $250. Paying only the minimum monthly repayment of 3% of the outstanding monthly balance or $20, whichever is more, will not be sufficient to repay the purchase amount(s) within the promotional period. Prevailing interest rate (currently 25.99% p.a. for Gem Visa & 29.95% for Gem Creditline) applies to any outstanding balance on the expiry of the interest free period. Gem Visa & Gem Creditline is provided by Latitude Financial Services Limited.

Fees and Charges

Minimum monthly payments are required but you won’t be charged interest if you pay off your purchase before the expiry of the interest free period. Prevailing interest rate applies to any outstanding balance on the expiry of the interest free period.

Establishment Fee

A one off fee of $55 is charged for processing your application when you open your account and applied at the point of your first spend.

Annual Account Fee

A fee (of $52 for Gem Visa & $50 for Gem Creditline) is charged at the anniversary of your account and is for maintaining the account for the previous 12 months. It is then charged each subsequent year the account remains open.