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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 22 September 2020

The Bendigo Bank Low Rate Mastercard offers a $150 Woolworths Supermarket Gift Card when you spend $1,000 on eligible purchases within 60 days of opening your account. 0% for 6 months on balance transfers from account opening. Comes with no annual fee first year ($45 p.a. thereafter) 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 September 2020

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)

$0 first year. Then $45 p.a.

$0 over 6 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • Receive a $150 Woolworths Supermarket Gift Card when you spend $1,000 on eligible purchases within 60 days of opening your account ^
  • Up to 55 days interest free on purchases
  • 0% for 6 months on balance transfers from account opening. Reverts to 11.99% p.a.
  • Pay no annual fee first year. $45 annual fee thereafter
  • Additional cardholders with no additional fees
  • Eligible with Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay

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% for 6 months on balance transfers 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. For a limited time the annual fee is waived the first year.

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.

Receive a $150 Woolworths Supermarket Gift Card when you spend $1,000 on eligible purchases within 60 days of opening your account.

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% for 6 months on balance transfers and $150 Woolworths Supermarket Gift Card.

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 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 80% of approved credit limit

Banks you can't balance transfer from Bendigo Bank

Credit limits

Minimum credit limt $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

Annual fee the first year $0

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.

Key features

  • Receive a $150 Woolworths Supermarket Gift Card when you spend $1,000 on eligible purchases within 60 days of opening your account ^
  • Up to 55 days interest free on purchases
  • 0% for 6 months on balance transfers from account opening. Reverts to 11.99% p.a.
  • Pay no annual fee first year. $45 annual fee thereafter
  • 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.

35 questions (showing the latest 10 Q&As)

Jodie

Jodie

29 August 2020
What credit card could I apply for on jobkeeper and not so good credit history
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 August 2020
    Hi Jodie, its tough to get approved with not good credit history for a new credit card. Basically there are no poor credit, credit cards in Australia. Assume that you are still working and if your income to expensives look good. Then the more easier cards to get approved for are say the ANZ Low Rate.
Justin

Justin

2 August 2020
Is it possible to pay my pending loan, $7000 . Through the purchase offer.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 August 2020
    Hi Justin, if you loan accepted credit card as a payment. Then it could be possible as long as its not seen as a cash advance. This 0% purchase offer has ended now though there are others in market still - https://www.creditcard.com.au/0-on-purchases/. The real way to pay out a personal loan is with a Citi balance transfer offer. Citi are the only issuer in Australia that will accept non-Citi loan debt as part or all of the transfer. If you can pay off in 12 months then look at the Virgin no annual fee offer. If you need longer then have a look at the Citi Rewards balance transfer offer.
Tenzing

Tenzing

22 July 2020
I am an international student currently working part time. Am I eligible to apply for a credit card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    27 July 2020
    Hi Tenzing, no, not for this offer. You need to look at a provider that can accept non-permanent residents. If you have more than 9 months left on your Visa. Then ANZ are one of the banks that will allow you to apply. I would suggest you are working for at least 6 months. Have a look at the ANZ Low Rate.
VINU

VINU

12 June 2020
15 months balance transfer means what.if i have 1000 borrowed from you.i am paying not interest on 1000 for 15 months right?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 June 2020
    Hi Vinu, for the first 15 months from card approval. Any purchases you make will have 0% interest. At the end of the 15 months, then any purchases that are unpaid will revert to the 11.99% purchase rate. This offer is great for people that want to spend now. Though pay it off over that 15 months without interest.
Parsa

Parsa

3 June 2020
There is a confusion between the following tow sentenses: 0% for 15 months on purchases from account opening. Reverts to 11.99% p.a. Up to 55 days interest free on purchases
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 June 2020
    Hi Parsa, The up to 55 days is not relevant when you have the 0% for 15 months active. Only after the intro purchase period does it apply.
Jonathan

Jonathan

26 May 2020
Hi I am looking for a credit card to manage the kids school fees separately? I would like to pay them off weekly as they are withdrawn. The fees are roughly $900 a fort night. Would this be classed as a purchase and would it qualify in the 55 day interest free transaction category? I would be setting the limit at $3000. Would there be any difference between low rate and low rate platinum.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    27 May 2020
    Hi Jonathan, this is classified as a purchase. That means you can get up to 55 days interest free. The important word is up. As it depends when you are making the purchase in your billing cycle. Though on this card right now there is a 0% for 15 months on purchases with the Low Rate. Therefore you will not pay interest on purchases during this time. This is the big difference from the Platinum which does not have the 0% purchase offer running.
Arcenitte

Arcenitte

25 May 2020
99 months for balance transfer?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 May 2020
    Hi Arcentitte, its basically infinite but 99 months is the highest our system can go up to. You can transfer non-Bendigo balances. Then pay the 11.99% on that balance transfer for life (until its paid off).
ONE

ONE

14 May 2020
is this real
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 May 2020
    Yes, this 0% on purchase offer is available with the Bendigo Bank Low Rate at this time.
Darlene

Darlene

1 May 2020
Wanting to transfer my balance of 2 credit cards for 1 with 0% fee for at least 12 to 15 months
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 May 2020
    Hi Darlene, this card does not have a balance transfer offer available at this time. Have a look at the HSBC Platinum and ANZ Low Rate. Both have 0% for 22 months available. A balance transfer must be between different banks.
John

John

11 April 2020
which transactions are classed as cash advance when all transactions only relate to purchasing something
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 April 2020
    Hi John, a cash advance is when you pull money out of an ATM or bank with your credit card. Some BPAY transactions are considered cash advances as well. If you are just doing standard purchases at stores or online. This is always going to be at the purchase rate when interest applies.
Ben

Ben

13 January 2020
Hi just want to know if is low rate Mastercard can be applied for asa joint account
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 January 2020
    Hi Ben, the Bendigo bank low rate is only for individual applications, not joint. Very few banks offer any joint applications any more. St George are one of the few credit card providers that do so. Check out their range of current offers as there are some good deals.
Beth

Beth

5 December 2019
Hi, how long do you take to assess application for low rate mastercard? i requested $10,000 limit, but is the maximum $4,500, and will they approve it for that much if eligible or do i need to reapply?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 December 2019
    Hi Beth, it varies based on things like how many apps are in the queue. Typically it should take around 5-10 working days to fully process and approve a card. Even though you requested 10k. They will look at your situation and if they think a lower amount. Then they will come back to you with that. There would be no need to put in a new application.
karen hagen

karen hagen

28 November 2019
how do I apply to increase my credit card limit
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 December 2019
    Hi Karen, you can visit any Bendigo Bank branch or call 1300 236 344 to request the credit limit increase.
Em

Em

27 November 2019
Hi. I currently have a Low Rate Credit Card with Bendigo. I would like to know if I can increae my credit limit to $4500 with this type of credit card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 November 2019
    Hi Em, Visit any Bendigo Bank branch or call 1300 236 344 to request your credit limit increase. A $4,500 limit is possible with this type of card.
Candice Catto

Candice Catto

9 November 2019
Can I apply being on a disability pension I get $13500/$1400 fortnight going up as I’m getting Carers allowance as I have a 7 yr old son with disabilities no other credit cards or applications for one thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 November 2019
    Hi Candice, I am not sure whether Bendigo bank will accept the pension as income. I would reach out to them directly to confirm before applying. Additionally make sure you meet all other minimum requirements.

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