Frequent question: What is GEM finance?

Which bank owns Gem Visa?

Who We Are. We’re part of Latitude Financial Services, which looks after more than 2.5 million customers across New Zealand and Australia.

Can you withdraw money from gem visa?

You CAN withdraw money on your GEM Visa, but it’s not interest-free. As the GEM Visa is a credit card, you can withdraw money on it (known as a “cash advance), although fees do apply: Cash advance fee: New Zealand ATM withdrawal: $1.00.

Who is latitude Finance owned by?

Latitude Financial Services

Type Private
Key people Ahmed Fahour (CEO) Mike Tilley (Chairman)
Products Personal Loans Credit Cards Car Loans Personal Insurance Interest Free Retail Finance
Owner Deutsche Bank, KKR and Värde Partners

Is it easier to get approved for a loan?

It’s not hard to get a personal loan in general, but some personal loans are much more difficult to get than others. Unsecured personal loans often require a credit score of 660+, and some are only available to people with scores of 700+.

Can gem visa be used anywhere?

Gem Visa lets you shop for whatever. you want. Enjoy 6 months interest free on all Visa purchases $250 and over,^ anywhere Visa is accepted, worldwide.

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Is latitude and gem the same?

Gem Visa is a credit card product provided by Latitude Financial Services, a financial institution in Australia and New Zealand that also offers other credit cards, personal loans and car loans, personal insurance, and interest-free and promotional retail finance.

Does Gem Visa have an app?

Our easy to use app lets you take charge of your money, where you can view all your accounts, transactions, payments and timelines in one go.

What is the cash credit limit?

Understanding Cash Credit

Borrowing limits on the amount of cash available for credit for the company varies between commercial banks. The interest charged is on the daily closing balance instead of the upper borrowing limit, so the repayment is only on the amount spent from the available limit.

How can I increase my gem visa limit?

Go to Manage Account, click on the account and Decrease Credit Limit , then it’s as easy as filling out the required fields and letting us know what you want the new limit to be. If you would like to increase your credit limit, select the Increase credit limit option and fill in the required fields.