Bendigo Bank Low Rate Credit Card

This low rate card offers 0% interest on purchases and balance transfers for the first 12 months but also charges a 2% balance transfer fee.

The Bendigo Bank Low Rate Credit Card is a no-frills credit card designed to help you keep your card costs low, with a competitive interest rate of 11.99% p.a. for purchases and an annual fee of $45.

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0% p.a.

Balance transfer rate

for 12 months with 2% balance transfer fee

0% p.a.

Purchase rate

for the first 12 months (reverts to 11.99% p.a.)

$45 p.a.

Annual fee

55 days

Interest free period

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Product NameBendigo Bank Low Rate Credit Card
Balance transfer rate0% p.a. for 12 months with 2% balance transfer fee
Balance transfer revert ratePurchase Rate (11.99% p.a.)
Balance transfer limit80% of available limit
Purchase rate0% p.a. for 12 months, reverts to 11.99% p.a.
Annual fee$45
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. on purchases for 12 months
  • 0% p.a. for 12 months on balance transfers (reverts to 11.99% p.a. thereafter)
  • Low annual fee of $45
  • No fees for additional cardholders


  • Charges a 2% balance transfer fee
  • Does not offer a rewards program or travel insurance covers
Bonus pointsN/A
Annual fee$45
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

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 Credit Card gives you a way to cut down on card costs with 0% interest for the first 12 months on your purchases and balance transfers. After the introductory period, the remaining purchase balance and debt from your balance transfers will attract the standard purchase interest rate of 11.99% p.a. While this rate is competitive with other low rate cards (and some other balance transfer cards revert to a higher cash advance rate), it’s still ideal to pay off your entire balance transfer during the 0% period. Also keep in mind that if you’re planning to use it for existing debt, the one-time 2% balance transfer fee is on the higher end of the scale for balance transfer offers currently on the market.

How to apply

You can apply for the Bendigo Bank Low Rate Credit Card online. Before you get started, check if you meet the eligibility criteria and have the necessary information to complete the application:

Eligibility criteria

  • New cardholder. To apply for this offer, you cannot hold or have held a Bendigo Bank Low Rate in the previous 12 months.
  • Age. You must be at least 18 years of age to apply for this card.

Card benefits

  • 0% interest on balance transfers for up to 12 months. Apply by 31 October 2021 and you'll get a 0% p.a. interest rate for up to 12 months on balance transfers, with a 2% balance transfer fee. Any balance remaining at the end of the introductory period will be charged interest at the card's standard purchase rate, currently 11.99% p.a.
  • 0% purchase rate offer. Save with a 0% p.a. interest rate on purchases for up to 12 months if you apply by 31 October 2021. A standard purchase rate of 11.99% p.a. applies to your purchase balance after that period. Remember that you also need to meet repayment requirements during the interest-free period.

Rates & fees

  • Annual fee. This card charges a standard annual fee of $45.
  • Purchase rate. The 11.99% p.a. purchase rate on this card is competitive with other low rate cards.

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    Default Gravatar
    June 18, 2019

    Hi i’m a old age pensioner i want to know if i can get acredit card for 1000 or $2000

      Default Gravatar
      June 19, 2019

      Hi Lazlo,

      Thanks for your inquiry.

      Your eligibility for a credit card would depend on the provider’s requirements and discretion. You may want to refer to our list of providers offering a credit card for a pensioner to see the documents you’ll need to improve your chances of approval.

      Just a reminder, please ensure to read the details, as well as the relevant Product Disclosure Statements / Terms & Conditions of the option is right for you.

      I hope this helps.

      Kind regards,

    Default Gravatar
    March 12, 2019

    Can I cancel the card after 90 days ? what is going to be happened ?

      Default Gravatar
      March 13, 2019

      Hi Wayne,

      Thanks for reaching out!

      You can cancel the card after 90 days and your account will be closed after then. You can use our guide on how to close and cancel your credit card to know how to properly do it. Hope this helps and if you have questions, just email us back.


    Default Gravatar
    May 28, 2018

    Do any Bendigo cards have tap and go facility included?

      Avatarfinder Customer Care
      May 28, 2018

      Hi John,

      Thank you for getting in touch with finder.

      Yes, they have. Once you have added your Bendigo Bank card to Google Pay you can simply unlock your phone and tap on a shop’s contactless card reader. There’s no need to open an app.

      For transactions under $100 you won’t need to enter your card Personal Identification Number (PIN).

      The purchase amount will then be debited from the card you have loaded as the default card.

      When you make a purchase, you’ll see a payment confirmation that shows you exactly where the transaction happened, along with the merchant’s name and number.

      If you have a Bendigo Bank credit card with rewards you’ll continue earn points when using Google Pay.

      As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice.

      I hope this helps.

      Have a great day!


    Default Gravatar
    May 25, 2018

    I have a Citibank credit card with MasterCard.The limit is $11,500 approx. and amount outstanding is approximately $3,000. Can I transfer this to a new card with Bendigo.

      Default Gravatar
      May 25, 2018

      Hi Ron,

      Thanks for your inquiry.

      You can opt for this card’s balance transfer offer to move the $3,000 debt from Citi provided that your approved credit limit is equal to or above $3,750. This is because this card’s balance transfer limit is only at 80%. Check out our review on balance transfer limit for more details. If you would like to apply for this card, please ensure you meet the eligibility criteria and can provide the needed documents above. If you do, press the “Go to Site” button to start your application.

      You can also check our list of balance transfer credit cards to check your other options. On the page is a comparison table you can use to see which card suits you.

      Hope this information helps


    Default Gravatar
    April 25, 2018

    Will a guarantor be accepted if applied for

      Avatarfinder Customer Care
      April 25, 2018

      Hi Bara,

      Thanks for getting in touch with Finder.

      The Bendigo Bank Low Rate Mastercard doesn’t necessarily need a guarantor for your application to be approved. However, some credit card companies do provide an option for you to bring along a guarantor. As a guarantor, the person basically signs a contract saying that any credit card debt will be transferred to him/her should the owner default, or not be able to pay it back.

      Please refer to our guide on on joint credit card for more details.

      I hope this helps. Should you have further questions, please don’t hesitate to reach out again.

      Have a wonderful day!


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