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Bendigo Bank Low Rate First Credit Card

1 review

Purchase rate

11.99% p.a.

Balance transfer

N/A

Annual fee

$29 p.a.
29% Complete (success)

Pros

11.99% p.a. on purchases

Cash advance interest rate 13.99% p.a.

$29 annual fee

Cons

No extra features

Bendigo Bank Low Rate First Credit Card

With a low annual fee of $29 the Bendigo Bank Low Rate First Credit Card is what the name entails and is exclusive to customers aged 18 – 25 years. Comes with a low 11.99% p.a. rate on purchases.

Key features

  • 11.99% p.a. on purchases
  • Cash advance interest rate 13.99% p.a.
  • $29 annual fee
  • Interest is calculated from the statement date, not from when you made the purchase
  • Up to 55 days interest free
100% of customers who have rated this card would recommend it
  • Rates
    93%
  • Fees
    100%
  • Rewards
    N/A
  • Customer Service
    56%
  • Value
    83%
Overall user rating 83%
1 reviews
Interest Rates
Purchase rate 11.99% p.a.
Cash advance rate 13.99% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Banks you can't balance transfer from Bendigo Bank
Credit limits
Minimum credit limit $500
Maximum credit limit N/A
Fees & repayments
Annual fee $29 p.a.
Additional cardholder fee $0 p.a.
Cash advance fee 0.5%
Foreign transaction fee 3%
Minimum repayment 3%
Late payment fee $15
Credit card type Mastercard
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No
Extras
Eligible with Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay

The Bendigo Bank Low Rate First Credit Card

There’s nothing like a little exclusivity. When it comes to credit cards, experiencing exclusivity usually means paying big bucks for platinum perks or black card benefits. But, there are other ways in which a credit card can be exclusive.

While it may not offer an abundance of exclusive – and expensive – extras, the Bendigo Bank Low Rate First Credit Card happens to offer exclusivity to customers aged 18 to 25. That means, if you’re under 18 or over 25, you’re out of the club and you cannot join.

With a low annual fee and low rate of interest, the Bendigo Bank Low Rate First Credit Card is the perfect first credit card, letting you find your way in the world of credit, before you apply for a card with a little more zing later on down the line.

What we love...

Oddly enough, low rate and low annual fee don’t always go hand in hand – especially with credit cards marketed to first time cardholders. So, to find a card that offers both of these moneysaving features, while also making it easier for younger cardholders to apply, is pretty neat indeed.

In terms of annual fees, you will pay $29 each year, which is teeny tiny compared to some of the big boys, which run to $400 or $500 per year. As for interest, this is also super low, both on purchases and cash advances. It’s also nice to know that as long as your clear your balance each statement period, you can benefit from up to 55 days interest free on purchases.

What’s not so great...

If you’ve been longing for your first credit card, thinking about all the amazing extras it could offer you, you may be somewhat disappointed with the Bendigo Bank Low Rate First Credit Card. This is a card that focuses on money-saving, not perks.

This card doesn’t have a rewards program or any wow-making extras. But it does offer you the ability to save money, while you get to grips with having a credit card. Later on, if you decide you want a fancier card, you can use this experience – and hopefully, your built-up credit rating – to apply for one.

To make this happen, be sure to clear your balance month-to-month, avoid cash advances and any unnecessary fees, and don’t spend more than you can afford to pay back.

Why should you choose this card?

If you’re looking for your first credit card, one that provides you access to credit while keeping costs low, the Bendigo Bank Low Rate First Credit Card could be the card for you. Here are some of the handy extras you could enjoy as a cardholder.

  • Peace of mind: 24/7 fraud monitoring and no liability for unauthorised transactions.
  • More money-saving: No fees for additional cardholders.
  • A little sparkle: Access to Mastercard Priceless Cities exclusive experiences and special offers.
  • Convenience: Tap & Go for purchases under $100.
  • Access: Accepted at over 43 million locations worldwide.
  • Greater control: Bendigo Bank’s Protect+Pay app provides additional security for your cards, allowing you to apply controls such as temporarily blocking your card, or choosing when to allow certain transactions.
  • Personalisation: You can change the image on your card by uploading your favourite photo or design, for only $10.

Overall Rating

The ideal first credit card for customers aged 18-25, offering a low annual fee and low interest rate, alongside a number of useful extras.

8 questions (showing the latest 10 Q&As)

darren brown

darren brown

16 June 2019
how do I aply
Lynette Carter

Lynette Carter

24 April 2019
I require an application for your low cost mastercard
Fransina

Fransina

21 February 2019
Hi just wondering i do not bank with Bendigo bank could i get a bank card to purchase a computer. And can i apply online
Shannyn

Shannyn

21 May 2018
Hi there, Just wondering what the chances of getting one would be? I have 2 accs with Bendigo and only pay about $60 a fortnight in debt and get $650 a fortnight if not what other card would you recommend
Robyn indich

Robyn indich

13 December 2017
Ap number is 30145237
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 December 2017
    Hi Robyn, what is your question?
Robyn c indich

Robyn c indich

12 December 2017
Minimum credit limit
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 December 2017
    Hi Robyn, the minimum credit limit is $500 on this card.
Suragit

Suragit

18 November 2017
Salary
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 November 2017
    Hi Suragit, there is no set income requirement that I can find for this card.
Carolyn musadeq

Carolyn musadeq

5 October 2017
Would like to apply for this credit card
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Resident or citizen of Australia
  • You have your personal details ready to complete the online application
Bendigo Bank Low Rate First Credit Card
Bendigo Bank Low Rate First Credit Card

Bendigo Bank Low Rate First Credit Card

Updated 18 June 2019

Purchase Rate (p.a)

11.99%

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$29

$0

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 11.99% p.a. on purchases
  • Cash advance interest rate 13.99% p.a.
  • $29 annual fee

  • No extra features

Creditcard.com.au review

Editor Review

The Bendigo Bank Low Rate First Credit Card

There’s nothing like a little exclusivity. When it comes to credit cards, experiencing exclusivity usually means paying big bucks for platinum perks or black card benefits. But, there are other ways in which a credit card can be exclusive.

While it may not offer an abundance of exclusive – and expensive – extras, the Bendigo Bank Low Rate First Credit Card happens to offer exclusivity to customers aged 18 to 25. That means, if you’re under 18 or over 25, you’re out of the club and you cannot join.

With a low annual fee and low rate of interest, the Bendigo Bank Low Rate First Credit Card is the perfect first credit card, letting you find your way in the world of credit, before you apply for a card with a little more zing later on down the line.

What we love...

Oddly enough, low rate and low annual fee don’t always go hand in hand – especially with credit cards marketed to first time cardholders. So, to find a card that offers both of these moneysaving features, while also making it easier for younger cardholders to apply, is pretty neat indeed.

In terms of annual fees, you will pay $29 each year, which is teeny tiny compared to some of the big boys, which run to $400 or $500 per year. As for interest, this is also super low, both on purchases and cash advances. It’s also nice to know that as long as your clear your balance each statement period, you can benefit from up to 55 days interest free on purchases.

What’s not so great...

If you’ve been longing for your first credit card, thinking about all the amazing extras it could offer you, you may be somewhat disappointed with the Bendigo Bank Low Rate First Credit Card. This is a card that focuses on money-saving, not perks.

This card doesn’t have a rewards program or any wow-making extras. But it does offer you the ability to save money, while you get to grips with having a credit card. Later on, if you decide you want a fancier card, you can use this experience – and hopefully, your built-up credit rating – to apply for one.

To make this happen, be sure to clear your balance month-to-month, avoid cash advances and any unnecessary fees, and don’t spend more than you can afford to pay back.

Why should you choose this card?

If you’re looking for your first credit card, one that provides you access to credit while keeping costs low, the Bendigo Bank Low Rate First Credit Card could be the card for you. Here are some of the handy extras you could enjoy as a cardholder.

  • Peace of mind: 24/7 fraud monitoring and no liability for unauthorised transactions.
  • More money-saving: No fees for additional cardholders.
  • A little sparkle: Access to Mastercard Priceless Cities exclusive experiences and special offers.
  • Convenience: Tap & Go for purchases under $100.
  • Access: Accepted at over 43 million locations worldwide.
  • Greater control: Bendigo Bank’s Protect+Pay app provides additional security for your cards, allowing you to apply controls such as temporarily blocking your card, or choosing when to allow certain transactions.
  • Personalisation: You can change the image on your card by uploading your favourite photo or design, for only $10.

Overall Rating

The ideal first credit card for customers aged 18-25, offering a low annual fee and low interest rate, alongside a number of useful extras.

User reviews

Bendigo Bank Low Rate First Credit Card ( based on 1 Creditcard.com.au user review )

83% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 11.99% p.a.

Cash advance rate 13.99% p.a.

Interest free on purchases up to 55 days

Credit limits

Minimum credit limt $500

Maximum credit limit N/A

Fees & repayments

Annual fee $29 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 3%

Cash advance fee 0.5%

Late payment fee $15

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover No

Extras

Eligible with Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay

Overview

Bendigo Bank Low Rate First Credit Card

With a low annual fee of $29 the Bendigo Bank Low Rate First Credit Card is what the name entails and is exclusive to customers aged 18 – 25 years. Comes with a low 11.99% p.a. rate on purchases.

Key features

  • 11.99% p.a. on purchases
  • Cash advance interest rate 13.99% p.a.
  • $29 annual fee
  • Interest is calculated from the statement date, not from when you made the purchase
  • Up to 55 days interest free

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

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.

8 questions (showing the latest 10 Q&As)

darren brown

darren brown

16 June 2019
how do I aply
Lynette Carter

Lynette Carter

24 April 2019
I require an application for your low cost mastercard
Fransina

Fransina

21 February 2019
Hi just wondering i do not bank with Bendigo bank could i get a bank card to purchase a computer. And can i apply online
Shannyn

Shannyn

21 May 2018
Hi there, Just wondering what the chances of getting one would be? I have 2 accs with Bendigo and only pay about $60 a fortnight in debt and get $650 a fortnight if not what other card would you recommend
Robyn indich

Robyn indich

13 December 2017
Ap number is 30145237
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 December 2017
    Hi Robyn, what is your question?
Robyn c indich

Robyn c indich

12 December 2017
Minimum credit limit
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 December 2017
    Hi Robyn, the minimum credit limit is $500 on this card.
Suragit

Suragit

18 November 2017
Salary
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 November 2017
    Hi Suragit, there is no set income requirement that I can find for this card.
Carolyn musadeq

Carolyn musadeq

5 October 2017
Would like to apply for this credit card

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