- Enjoy 0% p.a. for 6 months on balance transfers. No balance transfer fee, reverts to purchase interest rate
- Low ongoing purchase interest rate 11.99% p.a.
- Mobile phone and tablet insurance protection if you lose your device or break the screen
- Extended warranty on eligible purchases
- 90 day purchase protection
- Add cardholders at no extra cost/li>
- Up to 55 days interest free on purchases
- Access to Mastercard Priceless® Cities exclusive experiences and offers
- Eligible with Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay
Hi, I’m a personal finance expert who loves to help you out! I’ll answer your question within a business day. Pinky swear.
Bendigo Bank Credit Cards
Discontinued: Bendigo Bank Low Rate Platinum Credit Card
Updated 22 October 2021
This card is no longer available for application. This information has been left for those who still have the card or were previously interested
The Bendigo Bank Low Rate Platinum credit card combines a low rate of 11.99% p.a. on purchases and 0% interest for 6 months on balance transfers (no BT fee, reverts to purchase rate). Handy features include mobile phone and tablet insurance protection if you lose your device or break the screen, 90 day purchase protection, free additional cardholders and up to 55 days interest free on purchases.
Purchase Rate (p.a)
11.99%
Balance Transfer (p.a)
0% for 6 months
No balance transfer fee.
Reverts to 11.99% p.a.
Annual Fee (p.a)
$89
Pros and cons
Creditcard.com.au review
Editor Review
Discontinued: Bendigo Bank Low Rate Platinum Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Bendigo Bank Low Rate Platinum Credit Card
When comparing credit cards, it’s a good idea to think about what you actually want in a card – and what you are willing to pay for it. While for some people saving money is the most important factor, for others, features and extras are where it’s at.
For the most part, you will find cards either offer you the ability to keep costs low, or they offer you extras such as features and rewards. Now and then, however, you may just find a card that offers you the best of both worlds.
Offering a low rate and a nice selection of features, the Bendigo Bank Low Rate Platinum Credit Card is one such card. So, if you want to save on interest while enjoying some very handy extras, this card could indeed be the credit card for you.
What we love...
Having reviewed one or two platinum credit cards in our time, at creditcard.com.au, we know platinum perks can be wide-ranging. Some platinum cards are simply stuffed with perks, while others offer just one or two select extras.
As this is a low rate card – with a relatively low annual fee – you know that the Bendigo Bank Low Rate Platinum Credit Card keeps things simple. So, what do you get in the way of platinum perks on this card?
One of the big ticket features on this card is its mobile phone and tablet insurance, allowing you to make a claim if you lose your device or break its screen. Bear in mind that to be eligible for this protection, you need to either use your card to buy the device outright, or pay with installments on your card.
Other useful extras on the Bendigo Bank Low Rate Platinum Credit Card include extended warranty on purchases, best price guarantee, and 90 day purchase protection, helping to give you some extra peace of mind when using your card.
Of course, what makes these extras special is the fact that you’re not paying through the nose to enjoy them. Unlike certain other platinum cards, the Bendigo Bank Low Rate Platinum Credit Card has a super low rate of interest on purchases, and it has an affordable annual fee.
Currently, it offers 0% p.a. for 6 months on balance transfers. At the end of 6 months from account opening, the rate reverts to the standard retail purchase interest rate of 11.99% which pretty much still sticks to being a money saving card.
What’s not so great...
Any time a credit card offers you extra protection in the form of insurance, it’s a good idea to check the small print before you rely on its cover.
For example, the mobile phone and tablet insurance on this card has a limit of $200 on screen breakage, and there is an excess of $50 on all claims made. Similarly, if you want to take advantage of the card’s extended warranty or purchase protection, you will have to pay an excess of $250 for each claim.
Why should you choose this card?
Needless to say, the Bendigo Bank Low Rate Platinum Credit Card has plenty to offer. As a cardholder, you can benefit from an affordable annual fee and a low rate purchase rate, with up to 55 days interest free on purchases. Plus, take advantage of the balance transfer offer.
You can also take advantage of 24/7 fraud monitoring and no liability for unauthorised transactions, no fees for additional cardholders and a low platinum card minimum credit limit of $3,000. And of course, your card has in-built contactless payment technology, and is accepted at more than 43 million locations worldwide.
Overall Rating
An affordable platinum option with a low purchase rate and relatively low annual fee, offering a decent array of platinum perks, including mobile and tablet insurance, purchase protection and extended warranty.
User reviews
Rates and fees
Interest rates
Purchase rate 11.99% p.a.
Cash advance rate 13.99% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 6 months
Balance transfer revert rate 11.99% p.a.
Balance transfer from personal loan N/A
Balance transfer fee No fee
Balance transfer limit Up to 100% of approved credit limit
Brands you can't balance transfer from Bendigo Bank
Credit limits
Minimum credit limit $3,000
Maximum credit limit N/A
Fees & repayments
Annual fee $89 p.a.
Additional cardholder fee $0 p.a.
Foreign transaction fee 3%
Minimum repayment $10 or 3%, whichever is greater
Cash advance fee $3.00 or 3% of the transaction amount, whichever is greater
Late payment fee $15
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance Yes
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance No
Extras
Eligible with Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay
Mobile phone and tablet insurance protection if you lose your device or break the screen
Overview
Discontinued: Bendigo Bank Low Rate Platinum Credit Card
Key features
- Enjoy 0% p.a. for 6 months on balance transfers. No balance transfer fee, reverts to purchase interest rate
- Low ongoing purchase interest rate 11.99% p.a.
- Mobile phone and tablet insurance protection if you lose your device or break the screen
- Add cardholders at no extra cost/li>
- Up to 55 days interest free on purchases
- Extended warranty on eligible purchases
- 90 day purchase protection
- Access to Mastercard Priceless® Cities exclusive experiences and offers
- Eligible with Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Resident or citizen of Australia
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question11 questions (showing the latest 10 Q&As)
Hi, I have a Bendigo Platinum Master Card with a credit limit to $5000.00. Presently a Zero Balance on this card. I also have a Coles Platinum Mastercard with a Credit limit to $7000.00. My daughter will be having surgery in Feb 2020. Her surgeon and hospital fees come to a total of $5,500.00 which they would like paid either by Mastercard(2% surcharge applies) or via direct deposit. Should I pay for her surgery on the Coles Master card in the first instance and then Bank Transfer from my Bendigo Card? (How much cover does Bendigo Bank offer on balance transfers 80% of monies wanting paid out?). I understand that Bendigo Bank offer a 6 month period of 0% to pay out this balance and then high interest after this period. …. Or should I look at taking out a Personal Loan for the $5,500.00 over a 6month or 12 month period. I have so many questions. Thank you. Ellen
Hi Ellen, I suggest that you cancel whatever card you are not really using - be it the Coles or the Bendigo. Make the purchase on the one that's left. Then look to transfer that amount to a 0% balance transfer. These balance transfers are typically only available at the time of application. Therefore you would not be able to do it with your current Bendigo card. The 80% is just of your approved credit limit. You could still transfer the whole amount. An offer like the HSBC Platinum Qantas could work with 0% for 12 months, no balance transfer fee and no annual fee for the first year. Also its a great card for earning Qantas points for lower spenders.
I have a commonwealth credit card that I want to pay out so I can change over to this one as I have so much trouble with them messages are never recorded so I get fines when I am in the hospital or like this last time my sister was dieing and I did notify them but they say I didn't not arguing with them anymore just want out
Hi Gwendolyn, Bendigo bank will accept balance transfers from CBA, subject to credit approval. If you are not happy with Commbank (or any bank). Then its always a good idea to move.
hey!!! I am the international student... with the monthly salary of $4000..... just wanna a Credit Card with the limit of around $4000-$5000.... What will u Suggest ?
Thanks :)
Hi Ravishu, it can be hard on your visa type to get approved for a credit card. I Would look at the big4 banks, CBA, ANZ, NAB or Westpac. I would suggest that you speak to your everyday bank as well where your pay is deposited and see if they can assist you with a card.
Am I eligible
Hi Jonathan, you need to be over 18, be a permanent resident or citizen and have good credit to apply.
DO you know what the points earning rate is for Government charges and ATO payments?
Hi Charlie, I believe there is no points earnt with the ATO for Bendigo Bank credit cards
Can you use Bpay( future payments etc) on this Visa card? Or is that a basic feature of all Visa cards or just some banks? thanks
Hi Helen, its a basic feature. In the end it will depend on the institution that you are paying with bpay whether they accept or not through credit cards. Some will not accept bpays from credit cards.
when will I get a reply saying if I am accepted
Hi Derek, it typically takes banks 5-10 working days to process an application. I personally have not had much dealings with Bendigo. You can give there customer service a call to check up on it 1300 236 344
What is the maximum amount accessible to use on this card?
Hi Kieron, there is no defined maximum limit for this card.
Can the points be converted to Qantas or virgin frequent flyer points? If so what is the conversion rate ?
Hi Julie - here is a link to the rewards program - https://rewards.bendigobank.com.au/ - this gives you full details of what you can redeem points for. As far as I can see there is no way to convert to flyer points. If you want to earn these types of points check out our frequent flyer section as there are some great offers available.
Are disability pensioners / family tax benefit with a owned house n car as a assett entitled to get a credit card . I only need a 1500$ catd for emergency items . Breakdowns etc . I do have 2 defaults as im aware of at moment now wich are veey old but were living with someone that dident pay there way but bills were in my name over 9-10 year ago . Pls reply rhankyou robyn
Hi Robyn, I would give Bendigo bank a call directly to discuss. 1300 BENDIGO (1300 236 344) / +61 3 5445 0666
Do I have bad credit with use
HI Nathelia - not completely sure of your question. If you have bad credit, it is very difficult to get a credit card in Australia. If you are asking, will a credit card give me bad credit, then if you use it wisely a credit card can be a great resource. Different types of defaults paid or unpaid will effect your ability to get a credit card differently.
Yapi Akore
31 March 2023very good card
Recommends this cardTheo Theodoratos
22 May 2022I believe Low Rate Platinum Credit Card is on my best interest based on what i read and heard about it good services to customers.
Recommends this cardCreditcard.com.au Visitor
28 January 2013You pay a low annual fee plus you get rewards – great combination IMO. Easy to earn points, and a great choice of rewards. Only downside is high interest. Make sure you don’t leave the balance unpaid from month to month and you’ll be fine.
Recommends this card