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Bendigo Bank Low Rate Credit Card
Bendigo Bank Low Rate Credit Card

Bendigo Bank Credit Cards

Bendigo Bank Low Rate Credit Card

Updated 30 June 2022

Save on interest costs with Bendigo Bank Low Rate credit card’s introductory offers - 0% p.a. on purchases and balance transfers for up to 20 months from account opening. Reverts to 11.99% p.a. Plus, enjoy a low ongoing annual fee of $45, up to 55 days interest-free on purchases, and $0 fees for additional cardholders. This is a no-frills card that focuses on providing offers and benefits while keeping your card costs worry-free.

T&Cs apply. Offer ends 31 July 2022

Purchase Rate (p.a)

0% p.a.

for up to 20 months. Reverts to 11.99% p.a.

Balance Transfer (p.a)

0% for 20 months 2% balance transfer fee applies.
Reverts to 11.99% p.a.

Annual Fee (p.a)

$45

$0 over 20 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% on purchases for up to 20 months from account opening. Reverts to 11.99% p.a.
  • 0% on balance transfers for up to 20 months from account opening. Reverts to 11.99% p.a.
  • Up to 55 days interest free on purchases
  • $45 annual fee
  • Free additional cardholders
  • Eligible with Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay

  • No rewards program

Creditcard.com.au review

Editor Review

Bendigo Bank Low Rate 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. about this card.

The Bendigo Bank Low Rate Credit Card

If you happen to be one of those cardholders who value saving money, the Bendigo Bank Low Rate Credit Card may just be for you. As you’ll find with most low interest, low fee cards, this Bendigo Bank offering is not exactly overflowing with features. But, what this card lacks in extras it makes up for in money smarts, allowing you to save not just on annual fees but on interest too.

What we love…

In this section, we usually review the card’s awesome introductory offers, its incredible rewards program or its exceptional extras. The Bendigo Bank Low Rate Credit Card currently offers 0% p.a. on purchases and balance transfers for up to 20 months from account opening allowing you to save on both existing and future interest costs.

With these money-saving introductory offers, you can move over up to 80% of the balances you already owe as well as make new purchases without having to pay interest for a year.

What’s even better is that the introductory rate reverts to a low standard purchase rate of 11.99% p.a. So while it's important to clear both balances before the offer period ends, in case you really won’t be able to pay it all off the fees won’t sting as much compared to other cards that have higher revert rate. Plus, it offers up to 55 days interest-free on purchases too.

If you simply want a card that can save you money on annual fees and interest, then you really could learn to love this card. Well, perhaps not love, but you may develop a fondness for it, at least.

The Bendigo Bank Low Rate Credit Card has a nice low annual fee, so even if you don’t use it that often, it won’t break the bank keeping it in your wallet. This can be a refreshing change from certain other cards with awesome introductory offers, incredible rewards and exceptional extras.

Similarly, while most feature-packed credit cards tend to charge higher rates of interest on purchases and cash advances, the Bendigo Bank Low Rate Credit Card has a nice low interest rate on both.

What’s not so great…

When it comes to low-cost cards, we try not to complain too much. So, it doesn’t have heaps of extras, but, if you’re not looking for extras – or you don’t want to pay for them – then a simple, low-cost card could be the perfect alternative.

As long as you apply knowing that this is a money-saver and not a perk-provider, then there’s not much to complain about. Treat this card right – by paying off the balance each month and avoiding unnecessary fees – and it should treat you right in return.

Why should you choose this card?

You should choose this card if you want access to credit, but you don’t want to pay over the odds for the privilege. If you’re new to credit or you’re not great at clearing your balance each month, this could be a card that allows you to find your feet and get on the right track.

As we said, there isn’t much in the way of extras on this card, but that’s not to say it doesn’t have any features to offer. In terms of security, the card offers 24/7 fraud monitoring and no liability for unauthorised transactions. It also offers additional protection with Mastercard SecureCode.

You can save even more money, with no fees for additional cardholders, and you can save time at the checkout with Tap & Go contactless payments for purchases under $100. You can personalise your card with an image of your choice (for an extra $10), and you can also enjoy access to Mastercard Priceless Cities exclusive experiences and special offers.

Overall Rating

A simple, low-cost card offering a low annual fee and low interest, perfect for cardholders who don’t want expensive, unnecessary extras. Take advantage of the 0% p.a. on purchases balance transfers for up to 20 months.

User reviews

Bendigo Bank Low Rate Credit Card ( based on 5 Creditcard.com.au user reviews )

68% rating based on 5 reviews

Rates
Fees
Rewards
Customer Service
Value
91%

Creditcard.com.au Visitor

28 January 2013

Great low rate low fee card. Purchases and cash advances both have same super low rate and you don’t pay a high annual fee just to use a credit card. Perfect.

Recommends this card

Rates and fees

Interest rates



Purchase rate 11.99% p.a.

Introductory purchase rate 0% p.a. for up to 20 months

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 20 months

Balance transfer revert rate 11.99% p.a.

Balance transfer from personal loan N/A

Balance transfer fee 2% one off

Balance transfer limit 80%* of approved credit limit

Brands you can't balance transfer from Bendigo Bank

Credit limits

Minimum credit limit $500

Maximum credit limit N/A

Fees & repayments

Annual fee $45 p.a.

Additional cardholder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment $10 or 3%, whichever is greater

Cash advance fee $3.25 or 0.5% 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 No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

Eligible with Apple Pay, Samsung Pay and Google Pay

Overview

Bendigo Bank Low Rate Credit Card

The Bendigo Bank Low Rate Credit Card is a low interest credit card that’s designed for those who want to get the job done with a few frills. This card combines a low purchase rate and cash advance rate with a low annual fee, and still leaves you the chance to add a family member or your spouse as an additional cardholder. For those who pay their balance in full each month, there is also the interest-free period to take advantage of. With this card, you get up to 55 days to pay off purchases. The minimum for repayments is 3% of the balance due or $10, whichever is greater.

^ Ineligible purchases include cash advances, interest charges, credit fees and charges, disputed transactions, foreign exchange purchases, travelers cheques, credit card payments, gambling chip purchases, payments to the Australian Taxation Office, bill payments using BPAY® or utility bills paid over the counter at any financial institution or Post Office and any transactions, payments or purchases that are disputed, fraudulent, unauthorised, refunded or reimbursed. A direct debit will be classified as a cash advance if you have provided the debiting merchant with your BSB and account number.
* Balance transfer limit Approved credit limitless all fees.

Key features

  • 0% on purchases for up to 20 months from account opening. Reverts to 11.99% p.a.
  • 0% on balance transfers for up to 20 months from account opening. Reverts to 11.99% p.a.
  • $45 annual fee
  • Up to 55 days interest free on purchases
  • Free additional cardholders
  • 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

  • You must be an Australian citizen or have applied for permanent residency with visa subclasses 188, 489, 491, 494 and 482 (short term stream not included), and with minimum 12 months remaining.

  • You have your personal details ready to complete the online application

Pauline

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 a our credit card expert a question.

58 questions (showing the latest 10 Q&As)

Matt

Matt

13 June 2022
I am interested in using the interest free 20 month towards a real estate investment. Does the interest free purchase on this still apply?
    Pauline - CreditCard.com.au

    Pauline

    15 June 2022
    Hi Matt, real estate transactions are handled through PEXA, which is Australia's property transaction network. The 20 months interest free offer on this card is for retail transactions. Hope this has helped.
Creina

Creina

1 June 2022
How long does the application process take for this card?
    Pauline - CreditCard.com.au

    Pauline

    2 June 2022
    Hi Creina, the application process time actually varies but generally, it takes about 5-7 business days for you to receive your card in the mail. This will vary if Bendigo bank requests further information about your application.
Kirsty Morrison

Kirsty Morrison

27 April 2022
I want to apply for a credit card in my name. I only earn 26000 a yaer even though my husband earns 200K can i still apply? or do i earn too little
Nashlie

Nashlie

22 April 2022
Hi I would like to know the minimum allowed on this card and maximum spend that may be approved?
    Pauline - CreditCard.com.au

    Pauline

    2 May 2022
    Hi Nashlie, you may be approved as low as $500. Please note that the approved credit limit will depend on factors like your credit score, ability to pay, your debts, your income and other information banks keep close to their chest..
Lucky

Lucky

14 April 2022
Can you please guide me which card is good to apply for balance transfer? My rating is 800+. All minimum payments are on time. N looking for bal transfer upto 16k?
    Pauline - CreditCard.com.au

    Pauline

    19 April 2022
    Hi Lucky, although we don’t recommend one card over another, there are a number of credit cards that offer balance transfers. You can use our comparison tool to see all credit cards we have access to that offer balance transfers. You can enter your current balance and see the savings from a new card with our tool. You can then click the “heart” Save Card button and then compare your saved cards side by side.
Gary

Gary

22 February 2022
I have one default (optus) listed on my credit file. This was originally for $1100 but owing approx $800. This was a mob plan I took out for my son who lost his job due to covid and didn't tell me he wasn't paying the bill. My responsibility as account in my name so I have to wear that. However, how will that impact on an application for a credit card. I would prefer not to apply if it is going to be a definite no.
    Pauline - CreditCard.com.au

    Pauline

    23 February 2022
    Hi Gary, sorry to hear about your default. The bad news is that this will stay on your file for the next 5 years, and will drag your credit score down. Credit cards are reserved for those with good credit files, so any application may hurt your chances further down the road There are steps you can take to continue to build your credit score for when the default is lifted.
Tracy

Tracy

12 January 2022
What are the chances of getting a credit card on a carer pension and low credit score but no defaults
Steve Martin

Steve Martin

4 January 2022
What are eligible purchases low rate card interest free 18 mnths
    Pauline - CreditCard.com.au

    Pauline

    6 January 2022
    Hi Steve, eligible purchases are your daily transactions like payments towards your groceries, car’s petrol, restaurants just to name a few..
Roxy

Roxy

30 December 2021
I would like to apply for credit card for the first time. I have debit account from bendigo since 2017 w recently have 20k in it . I'm Australian and im stucked overseas w no job since pandemic, is it possible to be approved of credit card it's my first time
    Pauline - CreditCard.com.au

    Pauline

    6 January 2022
    Hi Roxy, unfortunately credit card companies require you to have an income to be able to service the debt on the card. If you have a proof of income this may be acceptable by the bank. You can call Bendigo on +61 3 5445 0666 to chat to the team about your options. Best of luck!
Stephanie

Stephanie

19 July 2021
Can my partner and I apply for a joint application where both of us are liable for the card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 July 2021
    Hi Stephanie, thanks for writing. It is very rare where joint credit cards are requested and applied for but yes, you may do so. Provided that both you and your partner will apply together and have each other’s consent. We have written an article for things to keep in mind in getting a joint credit card. I also suggest reaching out to the bank directly at 1300 236 344 to get more information about their joint credit card application.
Martin

Martin

16 July 2021
Can a retiree get a credit card? If so, which is the best one and what are the income requirements.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 July 2021
    Hi Martin, there is no one best card. What will work for you will be different to the next person. You’ll need to ask yourself how you’re going to use the card and what perks and benefits you want from it. Applying as a retiree you might have to provide more detailed information, and prove that you have a sustainable income to service the line of credit. In some cases, calling your main bank to chat through options can provide you with more clarity.
KATRINA

KATRINA

20 June 2021
When you balance transfer are you still able to purchase on the card at the same time & if so would you still get the interest free periods that the card offers? Also are you able to use it for thing's like Power bills?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 June 2021
    Hi Katrina, thanks for your message. With this card if you have a balance transfer and make a purchase, that purchase will accrue interest immediately. If your power provider allows you to make credit card payments, then you should be able to use this card. If you’d like to learn more, you can read our guide to BPAY payments and credit cards.
Megan

Megan

17 May 2021
we would like to apply for a zero transfer credit card in joint names, therefore, taking into consideration both of our incomes, are we able to do this online?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 May 2021
    Hi Megan, thanks for your question! We’ve prepared a guide on joint credit card applications, but with your unique situation, we suggest giving the bank a call to discuss your options.
Kathy

Kathy

15 April 2021
So talk me thru the 2% balance transfer fee (which seems to contradict the no transfer fee...)
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    15 April 2021
    Hi Kathy, this card charges a 2% balance transfer fee (nowhere does it say that it doesn't charge a balance transfer fee). The Bendigo Bank Low Rate First card has an offer with no balance transfer fee right now but it's only 0% p.a. for 6 months instead of 24. The 2% is charged as a one-off percentage of your total balance transferred and added to the amount. For example, if you transfer a $3,000 balance, the fee is $60. I hope that helps.
Catherine

Catherine

18 February 2021
Is their a certain amount of income needed to get aBendigo Bank Low rate credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 February 2021
    Hi Catherine, Bendigo Bank doesn't list a minimum income requirement for this card. The eligibility criteria are that you are: An individual, not a company, An Australian citizen or Permanent resident, Over the age of 18 years and Not currently bankrupt or insolvent. Your income will be assessed against your expenses and liabilities during your application and will factor into the approval decision.
charmaine

charmaine

27 January 2021
How does balance transfers work? paying my other credit card off with Nab with this one? do i get a period of interest free?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    27 January 2021
    Hi Charmaine, this card has no special balance transfer offer. Suggest you look at the St George Vertigo. It has 0% for 24 months on balance transfer and no annual fee for the 1st year.
Jillian

Jillian

11 January 2021
I am interested in your low rate credit card. It says in the documentation that there is 0% interest on purchases for 15 months but it also says up to 55 days interest free on purchases. If we get a credit card and put a lump sum on it straight away, will have 55 days or 15 months interest free?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 January 2021
    Hi Jillian, the up to 55 days interest free is only relevant after the 0% for 15 months intro period ends. Bottom line, if you make a big purchase on day 1. Then you would have nearly 15 months to pay it off with no interest. You will still need to make minimum payments during the interest free period.
Gayle

Gayle

10 January 2021
Hello, I can show income since 1st July, 2020 as a sole trader. Is this long enough to apply for a card. With what I am making I am on track for an income of over $50000 for this financial year. Should I wait longer or could I apply now.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 January 2021
    Hi Gayle, I would suggest you wait until you have 1 year of trading under your belt. It would be better if you can do a tax return for the business first. Then apply.

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