Bendigo Bank Low Rate Mastercard | Reviewed & Compared

Bendigo Bank Low Rate Mastercard

My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
All banks
Offer
Card features
balance transfer
purchase rate
annual fee
Money saved
NEW
Bendigo Bank Low Rate Mastercard
Apply by 30 sep 20
Bendigo Bank Low Rate Mastercard
No annual fee for the first year ($45 p.a. thereafter).
Receive a $150 Woolworths Supermarket Gift Card when you spend $1,000 on eligible purchases within 60 days of account opening.
0% p.a. on balance transfers for 6 months. Purchase rate applies thereafter.
Add to comparison
6 months
0% p.a.
then 11.99%
11.99% p.a.
ongoing
$0
1st year
then $45

Pros & cons

What's good?

What's not so good?

No annual fee for the first year ($45 p.a. thereafter).
Receive a $150 Woolworths Supermarket Gift Card when you spend $1,000 on eligible purchases within 60 days of account opening.
0% p.a. on balance transfers for 6 months. Purchase rate applies thereafter.
Up to 55 days interest free on purchases.
Cash advance rate of 13.99% p.a.
Minimum credit limit of $500.
Tap & goTM for purchases under $100.
Use with Google Pay™, Apple Pay, Samsung Pay, Fitbit Pay™ and Garmin Pay™.
Late payment fee of $15
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

The basics

About this card

Card setup
Single
Card tier
Standard
Card type
Mastercard
Card use
Personal
Credit rating
N/A
Gambling transactions allowed
No
Joint application
Yes
Minimum age
18 years old
Minimum income
N/A
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
None
Temporary residents
N/A

Cardholders

Additional cardholders
Unlimited
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$500
Maximum credit limit
$50,000

Repayments

Interest charged from
Statement date
Interest free period
Up to 55 days on purchases
Minimum repayment
whichever is greater, $10 or 3%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 monthsN/A80% of credit limit11.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
80% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the Bendigo Bank Low Rate Mastercard at the promotional balance transfer rate from:

    Rates & fees

    Promotional interest rates

    Interest ratePeriodFeeLimitRevert rate
    Balance transfers0% p.a.6 monthsN/A80% of credit limit 11.99% p.a.
    PurchasesN/AN/AN/AN/A N/A

    Ongoing interest rates

    MonthlyAnnually
    Cash advances 1.17% 13.99% p.a.
    Purchases 1.00% 11.99% p.a.

    Fees

    Annual fee
    $0 p.a.
    Annual fee 2nd year
    $45 p.a.
    Cash advance fee
    0.50%
    Dishonour fee
    $40
    Duplicate statement fee
    $5
    Foreign exchange fee
    3%
    Late payment fee
    $15
    Over limit fee
    N/A
    Overseas ATM balance fee
    $15
    Overseas ATM withdrawal fee
    $3.25
    Overseas emergency card replacement fee
    $100
    Transaction verification fee
    N/A

    Minimum criteria for this card

    What you need before applying

    Be over 18 years old
    You are a resident or citizen of Australia
    You have your personal details ready to complete the online application
    Have not applied for multiple credit cards recently
    Joint applications are allowed
    Age Pension and Disability Pension are acceptable.
    Overseas Pension, Veteran's Pension and Widower's Pension are not acceptable.
    Income from pensions is not allowed
    Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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