Bendigo Bank Basic Black Credit Card – Rates and Fees

Bendigo Bank Basic Black Credit Card Find out more Go to site

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  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
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Save on credit card costs with a competitive ongoing purchase rate, interest-free days and a low annual fee.

The Bendigo Bank Basic Black credit card has rewards program attached to it but is a simple card that can be used for the basics.

Things to consider with the Basic Black card

Product NameBendigo Bank Basic Black Credit Card
Purchase rate (p.a.)12.24% p.a.
Annual fee$45 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 44 days on purchases
Cash advance rate (p.a.)12.24% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Minimum Monthly Repayment$10 or 3% whichever is greater
Card TypeMastercard
Late Payment Fee$15
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationYes
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Annual Fee$45 p.a.
Minimum Repayment$10 or 3% whichever is greater
Late Payment Fee$15
Over Limit Fee$0
Cash Advance Fee0.50% min. $3.25
Overseas Cash Advance Fee$3.25 or 0.5% of the transaction amount
Overseas Emergency Replacement$100
Overseas ATM Balance check$1.50
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Bendigo Bank Basic Black credit card review

This extraordinary credit card offer has been able to be made because Bendigo Bank has stripped it of all the unnecessary. If you've never really been able to take advantage of a rewards program because it involves spending money that you don't really want to spend just to accumulate reward points, this could be the right card for you. Don't get the wrong idea though, because all the features a good credit card should have, have been retained. Things such as all balance transfers and cash advances are at the same low interest rate and in addition to that, you still get a total of up to 44 days free of any interest charges on every item you purchase.

Benefits of the Bendigo Bank Basic Black credit card

  • A low annual fee. This is an affordable card that only offers an annual fee of $45. This gives you a chance to save as much as $200 on annual fees, which is quite significant.
  • Competitive interest rates. The interest rates that are offered with this card are quite competitive. The standard rate of 12.24% p.a. applies for purchases, balance transfers, and cash advances.
  • Fairer interest on purchases. Interest on purchases does not start with the purchase but only when the statement is drawn up for that particular month. Full payment of balances is encouraged.
  • Up to 44 days interest-free. As long as you pay your monthly balance in full, you can take advantage of up to 44 days interest-free on purchases, thus saving you from more interest charges.
  • Card Security. You can download the free Bendigo Bank Protect+Pay app, which allows you to temporarily block your card if you’ve misplaced it, block specific types of transactions, update your PIN, check your balance, report a lost or stolen card, or cancel the card from your mobile.

Features of the Bendigo Bank Basic Black credit card

  • Interest rates. The low interest rate of 12.24% p.a. remains for balance transfers, cash advances, as well as for retail purchases.
  • No costly rewards program. No fancy gimmicks, just great value and useful features.
  • Additional cardholders free. Get an additional card at no extra cost.
  • Free 24-hour service. You get free 24-hour service on lost or stolen cards.
  • Worldwide access. You may access your funds through ATMs and EFTPOS worldwide, as well as Bendigo Bank phone and online banking.

Regular payments from your Bendigo Bank Basic Black credit card

You are able to make regular payments from your Basic Black credit card as you can with any other Bendigo Bank Credit Card. These types of payments can be arranged for instalment purposes or a simple recurring payment. Details may differ for each regular payment as this will depend on the agreement made between yourself, as the card holder, and the merchant who you have authorised to debit the payment from your card. Arrangements such as these can be of assistance when you are paying instalments off a product you have purchased or the rental payments on a product you are renting.

There are four main benefits you can derive when making regular payments from your credit card, these are:

  1. A saving of both time and money in that it removes the necessity of writing out cheques and posting them
  2. A way to avoid late fees
  3. The automatic and instant processing of the payment
  4. The merchant records you as being a person who meets their obligations

When making regular payments from your Bendigo Bank Basic Black credit card, you will need to record each payment yourself, as few merchants issue receipts for such payments. Regular repayments will show up on statements from the merchant and on your credit card expenditure for the month but in between you can tend to forget the payment was made, as it will occur automatically. You will also need to make sure your merchant is notified when you change cards from another supplier to Bendigo Bank. If this happens and you want to continue payments by the same means, you will have to notify the merchant of the details regarding the new card. It is best if you keep all correspondence that takes place between your merchant and yourself regarding any arrangements concerning regular payments. This will ensure that the right payments are being made at the right time.

How to apply for a Bendigo Bank Basic Black credit card

Required documents

You can apply for a Bendigo Basic Black credit card online in as little as 30 minutes but in order to do so smoothly you will need to have the following information with you:

  • Your driver's licence, expiry date and number
  • Your landlord's details, such as phone number and name, if you are renting
  • All your financial information such as savings and investment account numbers and appropriate balances
  • All the details you have on any outstanding loans and other personal debts, credit cards, leasing etc
  • Information about your employer which must include his or her name, address and phone number
  • Your monthly earnings from all sources

It will take Bendigo Bank five business days to assess your application, after which a representative will make contact with you either by phone or email.

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18 Responses

  1. Default Gravatar
    StevenJuly 8, 2017

    I want to replace my BP fuel card with a credit card, so that I can maximise cheaper diesel from any service station. I currently spend approx $15,000 a month on diesel. I would pay the balance in full on the 22nd of every month. What card would be the best?

    • Staff
      JonathanJuly 11, 2017Staff

      Hello Steven!

      Thanks for your inquiry!

      You can visit this page for comparison among the issuers for fuel cards. You can choose on any of them based on your personal needs.

      We recommend that you review their Product Disclosure Statement if you wish to sign-up and their application requirements.

      Hope this helps.

      Cheers,
      Jonathan

  2. Default Gravatar
    MeincranbourneMay 20, 2017

    The Bendigo Bank Basic Black Credit Card sounds great. If I spend a certain amount per year on this card (or any Bendigo Bank card) will they waive the annual fee like Westpac does?

    • Staff
      JasonMay 21, 2017Staff

      Hi Meincranbourne,

      Thank you for your enquiry.

      The Bendigo Bank Basic Black credit card nor the other Bendigo Bank credit cards does not have the offer that waives the annual fee even when you spend a certain amount but they require lower annual fee compared with other card providers.

      Please check out this link for more information on the features and annual fee of Bendigo Bank credit cards.

      Kind regards,
      Jason

    • Default Gravatar
      May 21, 2017

      Thanks for the reply, greatly appreciated.

    • Staff
      JasonMay 21, 2017Staff

      Hi Meincranbourne,

      You’re welcome. I’m glad to assist you.

      Cheers

  3. Default Gravatar
    normaOctober 3, 2016

    if paying balance of credit card is there any discount

    • Staff
      MayOctober 4, 2016Staff

      Hi Norma,

      Thank you for your question.

      No. There is no discount when paying a credit card balance, however, if you are consistent of paying off your balance in full each month, you will be able to avoid unnecessary hefty interest rates on your on card. You may also like to read our article about tips on how to pay your credit card bill on time, which you may find useful.

      Cheers,
      May

  4. Default Gravatar
    jodieJuly 19, 2016

    I am looking for a credit card that does not charge cash advance fees when you deposit into a sporting betting account such as sportsbet or ladbrokes.
    anz never used to but appears to be doing it now so i wish to swap

    • Staff
      MayJuly 21, 2016Staff

      Hi Jodie,

      Thanks for your comment.

      Unfortunately, we may not be able to determine which of the credit cards we feature on the site that does not charge cash advance fees when you deposit into a sporting betting accounts, as cash advance transactions vary from card to card.

      Generally, when using your credit card to deposit or transfer cash to another account, most credit card companies treat that transaction as a cash advance. You may want to read this article that provides information on what transactions are considered as a cash advance.

      In the meantime, if you’d like to check and compare your credit card options, please feel free to visit this page.

      I hope this has helped.

      Cheers,
      May

  5. Default Gravatar
    LindaMarch 20, 2015

    Can we transfer existing balances with other credit cards and if so, what would the interest rate be and is there any interest free period? We are current Bendigo customers however our credit cards are with other providers.

    • Staff
      JonathanMarch 20, 2015Staff

      Hi Linda, thanks for your inquiry!

      The balance transfer rate is 12.24% pa standard with no interest free period. For a list of balance transfer credit cards with 0% promotions please see this page.

      Cheers,

      Jonathan

  6. Default Gravatar
    maryFebruary 17, 2015

    do you do 0% on balance transfers

    • Staff
      ElizabethFebruary 17, 2015Staff

      Hi Mary,

      Thanks for your question.

      Bendigo Bank doesn’t currently offer 0% on balance transfers. According to their website, ‘Your Bendigo Bank credit card interest rate applies to the amount transferred from the date the balance transfer request is approved until the balance on the Bendigo Bank credit card account is paid in full.’ If you’d like to compare 0% p.a. balance transfer offers, you can do so on this page.

      I hope this has helped.

      Thanks,

      Elizabeth

    • Default Gravatar
      March 4, 2015

      Hello Mary,
      when would you offer 0% Transfer?

    • Staff
      JonathanMarch 4, 2015Staff

      Hi Marky, thanks for your inquiry!

      Please note that finder.com.au is a comparison service and is not directly affiliated with Bendigo Bank. Unfortunately Bendigo Bank does not currently have a 0% transfer offer, however please see this page for a list of 0% balance transfer cards.

      Cheers,

      Jonathan

  7. Default Gravatar
    MoniqueJanuary 3, 2015

    Can single mums on centerlink go for basic black credit card? If not which one would best sort.

    • Staff
      ElizabethJanuary 5, 2015Staff

      Hi Monique,

      Thanks for your question.

      The requirements for this credit card state that applicants need to be in paid employment subject to their lending criteria. If this does not apply to you, you might want to find out about more options on this page.

      I hope this will help.

      Thanks,

      Elizabeth

Credit Cards Comparison

Rates last updated July 23rd, 2017
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13.24% p.a. 0% p.a. for 14 months $0 p.a. annual fee for the first year ($55 p.a. thereafter) Go to site More info
Virgin Australia Velocity Flyer Card - Exclusive Offer
Apply by 31 July 2017 to earn bonus Velocity Points for the first three months and a $129 Virgin Australia Gift Voucher each year.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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