Bendigo Bank Low Rate First card review |

Bendigo Bank Low Rate First Credit Card

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Enjoy low interest rates and fees with this Bendigo Bank credit card that's just for 18 to 25 year olds.

The Bendigo Bank Low Rate First Credit Card offers an interest rate of 11.99% p.a. for purchases, a $29 p.a. annual fee and mobile payments through Apple Pay, Google Pay or Samsung Pay.

0% p.a.

Balance transfer rate

for 6 months

11.99% p.a.

Purchase rate

$29 p.a.

Annual fee

55 days

Interest free period

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Product NameBendigo Bank Low Rate First Credit Card
Balance transfer rate0% p.a. for 6 months
Balance transfer revert ratePurchase Rate (11.99% p.a.)
Balance transfer limit80% of available limit
Purchase rate11.99% p.a.
Annual fee$29
Interest-free periodUp to 55 days on purchases
Cash advance rate13.99% p.a.
Min credit limit$500
Card typeMastercard
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • 0% p.a. for 6 months on balance transfers
  • Low purchase rate of 11.99% p.a.
  • Competitive annual fee of $29 p.a.


  • No option for perks, rewards or extras
Bonus pointsN/A
Annual fee$29
Minimum monthly repayment3% of the closing balance or $10, whichever is greater
Late payment fee$15
Foreign currency conversion fee3%
Cash advance fee0.5% or $3.25, whichever is greater
Overseas cash advance fee0.5% or $3.25, whichever is greater
Overseas ATM withdrawal fee$5
Additional cardholder fee$0

Expert review


Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Bendigo Bank Low Rate First Credit Card is one of the only cards on the market designed specifically for people aged between 18 and 25. If you’re in that age bracket, this card’s $29 p.a. annual fee and 11.99% p.a. purchase rate could help you keep costs down when you first get a credit card account.

How to apply

You can apply for the Low Rate First Credit Card online by filling out a secure application form. Before you get started, make sure you meet the eligibility requirements and have all the details you need to complete your application.

Eligibility criteria

  • Age. You can apply for this card if you're between 18 and 25 years old.
  • Residency. Permanent Australian residents and Australian citizens are eligible to apply. Temporary residents are eligible to apply as long as you have a 188, 457 or 489 visa, have applied for permanent residency and have at least 12 months remaining on the visa.

Card benefits

  • 0% balance transfer offer. You can take advantage of a 0% p.a. interest rate on balance transfers for 6 months with no balance transfer fee. Any remaining balance transfer amount will attract the standard purchase rate of 11.99% p.a. at the end of the introductory period.
  • Low-cost credit card account. The Bendigo Bank Low Rate First Credit Card has an annual fee of $29 p.a. It also offers no additional cardholder fee if you want to share this account with a family member or partner. Just remember that you'll be responsible for all transactions, fees and charges on the account.

Rates & fees

  • Cash advance interest rate. If you use the Low Rate First Credit Card for cash advance transactions such as ATM withdrawals, you'll pay an interest rate of 13.99% p.a. from the date of the transaction.
  • Cash advance fee. If you use the Low Rate First Credit Card for cash advance transactions, a fee worth 0.5% of transaction amount or $3.25 (whichever is greater) will apply.

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