Bendigo Bank Low Rate Mastercard
Last updated:
Save on credit card costs with a low interest rate of 11.99% on purchases.
The Bendigo Bank Low Rate Mastercard combines a low purchase interest rate and a competitive annual fee for new cardholders.
0% p.a.
Balance transfer rate
for 18 months with 2% balance transfer fee
11.99% p.a.
Purchase rate
$45 p.a.
Annual fee
55 days
Interest free period
Details
| Product Name | Bendigo Bank Low Rate Mastercard |
|---|---|
| Balance Transfer Rate | 0% p.a. for 18 months with 2% balance transfer fee |
| Balance Transfer Revert Rate | Purchase Rate (11.99% p.a.) |
| Balance Transfer Limit | 80% of available balance |
| Purchase Rate | 11.99% p.a. |
| Annual Fee | $45 |
| Interest Free Period | 55 days |
| Cash Advance Rate | 13.99% p.a. |
| Minimum Credit Limit | $500 |
| Card Type | Mastercard |
| Foreign Currency Conversion Fee (Visa/Mastercard) | 3% of transaction value |
| Complimentary Travel Insurance | No |
| Minimum Age | 18 years of age |
|---|---|
| Available to Temporary Residents | No |
| Joint Application | No |
Pros
- 0% p.a. interest rate on balance transfers for 18 months
- Low interest rates of 11.99% p.a. on purchases and 13.99% p.a. on cash advances
Cons
- A 2% fee applies to any balances transferred
| Annual Fee | $45 |
|---|---|
| Minimum Monthly Repayment | 3% of the closing balance or $10, whichever is greater |
| Late Payment Fee | $15 |
| Foreign Currency Conversion Fee (Visa/Mastercard) | 3% of transaction value |
| Cash Advance Fee | 0.5% or $3.25, whichever is greater |
| Overseas Cash Advance Fee | 0.5% or $3.25, whichever is greater |
| Overseas ATM Withdrawal Fee | $5 |
| Additional Cardholder Fee | $0 |
Expert review
Review by
Sally McMullen
sally.mcmullen@finder.com.auSally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.
