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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 April 2021

The Bendigo Bank Low Rate Credit Card offers 0% p.a. on balance transfers for 24 months from account opening. Reverts to 11.99% p.a. Annual fee of $45 and no fees for additional cardholders. Eligible with Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay.

T&Cs apply. Offer ends 30 June 2021

Purchase Rate (p.a)

11.99%

Balance Transfer (p.a)

0% for 24 months 2% balance transfer fee applies.
Reverts to 11.99% p.a.

Annual Fee (p.a)

$45

$0 over 24 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% on balance transfers for 24 months from account opening. Reverts to 11.99% p.a.
  • Up to 55 days interest free on purchases
  • $45 annual fee
  • Additional cardholders with no additional fees
  • Eligible with Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay

  • Charges a 2% balance transfer fee
  • No rewards program

Creditcard.com.au review

Editor Review

Bendigo Bank Low Rate Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. 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 has 0% on balance transfers for 24 months from account opening. Reverts to the low purchase rate of 11.99% p.a.

But, that’s not to say there isn’t anything to love about this card. 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. Plus, it offers up to 55 days interest free on purchases too.

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% on balance transfers for 24 months.

User reviews

Bendigo Bank Low Rate Credit Card ( based on 4 Creditcard.com.au user reviews )

90% rating based on 4 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.

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 24 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

Banks 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 card holder 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 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 card holder. 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, travellers 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 limit less all fees.

Key features

  • Up to 55 days interest free on purchases
  • 0% on balance transfers for 24 months from account opening. Reverts to 11.99% p.a.
  • $45 annual fee
  • Additional cardholders with no additional fees
  • 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. Temporary residents are eligible.

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

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

45 questions (showing the latest 10 Q&As)

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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