Bendigo Bank Low Rate Mastercard

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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


Product NameBendigo Bank Low Rate Mastercard
Balance Transfer Rate0% p.a. for 18 months with 2% balance transfer fee
Balance Transfer Revert RatePurchase Rate (11.99% p.a.)
Balance Transfer Limit80% of available balance
Purchase Rate11.99% p.a.
Annual Fee$45
Interest Free Period55 days
Cash Advance Rate13.99% p.a.
Minimum Credit Limit$500
Card TypeMastercard
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo


  • 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
  • Request an additional card at no extra cost


  • A one-time 2% fee applies to any balances transferred
Annual Fee$45
Minimum Monthly Repayment3% 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 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

Sally McMullen

Review by

Sally 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.

Expert review

The Bendigo Bank Low Rate Mastercard is suited to people who prefer competitive rates and fees over extra trimmings. It charges a low purchase interest rate, cash advance rate and annual fee compared to most cards.

The Bendigo Bank Low Rate Mastercard also charges interest from the statement date rather than the date of purchase, which could help you to reduce your interest costs.

How to apply

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

Eligibility criteria

  • Eligible balance transfer debt. If you're looking to transfer a balance to this card, Bendigo Bank allows you to transfer up to 80% of your approved credit limit from accounts not serviced by Bendigo.
  • New cardholder. To apply for this offer, you cannot hold or have held a Bendigo Bank Low Rate in the previous 12 months.

Card benefits

  • Balance transfer offer. You can take advantage of 0% interest on balance transfers for up to 18 months, with a one-time 2% balance transfer fee. Any balance remaining at the end of the introductory period will be charged at the purchase rate, currently 11.99% p.a.
  • Interest calculations. While most credit cards calculate interest from the date a purchase is made, Bendigo Bank credit cards calculate interest from the statement date. Depending on when you make a purchase, this has the potential to almost halve your interest costs when compared to the charges that would apply on most other credit cards. It also means you can take advantage of interest-free days even if you carry a balance.

Rates & fees

  • Annual fee. This card charges a standard annual fee of $45 p.a.
  • Up to 55 days interest-free. You can save with up to 55 days each statement period. This interest-free period consists of your 30-day statement cycle, plus the 25 days to the payment due date.

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  1. 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

    • AvatarStaff
      June 19, 2019

      Hi Lazlo,

      Thanks for your inquiry.

      Your eligibility for a credit card would depend on the provider’s requirements and discretion. While we’re unable to give a specific recommendation which provider offers a credit card for a pensioner, you may click this PAGE for a list of credit card providers that accept retired and pensioner applicants, and to 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,

  2. Default Gravatar
    March 12, 2019

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

    • AvatarStaff
      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. Here is a page on how to close and cancel your credit card the right way. Hope this helps and if you have questions, just email us back.


  3. Default Gravatar
    May 28, 2018

    Do any Bendigo cards have tap and go facility included?

    • AvatarStaff
      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!


  4. 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.

      Upon checking Bendigo Bank’s website, I’m afraid they currently do not have balance transfer offers. Not to worry, there are other options for you. If you would like to compare your balance transfer credit card options, please click on this link.

      Hope this information helps


  5. Default Gravatar
    April 25, 2018

    Will a guarantor be accepted if applied for

    • AvatarStaff
      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. (You may know more about this by reading this guide.)

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

      Have a wonderful day!


  6. Default Gravatar
    April 23, 2018

    What does an offer end date mean?

    • Default Gravatar
      April 24, 2018

      Hi Rochelle,

      Thanks for leaving a question on finder.

      Bendigo Bank Low Rate Mastercard is currently on it’s promotional period of $0 p.a. annual fee for the first year ($45 p.a. thereafter). This offer will end on 30 June 2018.


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