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Bendigo Bank Low Rate Platinum

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Enjoy a 0% interest for 6 months on balance transfers and a low purchase rate of 11.99% p.a. with the Bendigo Bank Low Rate Platinum Mastercard.

The Bendigo Bank Low Rate Platinum charges an annual fee of $89 and gives you access to a selection of platinum perks – including complimentary mobile phone and tablet insurance.

0% p.a.

Balance transfer rate

for 6 months

11.99% p.a.

Purchase rate

$89 p.a.

Annual fee

55 days

Interest free period


Product NameBendigo Bank Low Rate Platinum Mastercard
Balance transfer rate0% p.a. for 6 months
Balance Transfer Revert RatePurchase Rate (11.99% p.a.)
Balance Transfer Limit80% of available limit
Purchase rate (p.a.)11.99% p.a.
Annual fee$89 p.a.
Interest free period55 days
Cash advance rate (p.a.)13.99% p.a.
Min credit limit$3,000
Card typeMastercard
Foreign currency conversion fee (Visa/Mastercard)3%
Complimentary travel insuranceNo
Minimum age18 years of age
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • A low interest rate of 11.99% p.a. on purchases
  • 0% p.a. on balance transfers for 6 months, with no balance transfer fee
  • Extended warranty and 90-day purchase protection
  • Mobile phone and tablet insurance protection


  • Does not offer perks like travel insurance or a rewards program
Annual fee$89 p.a.
Minimum monthly repayment3% of the closing balance or $10, whichever is greater
Late payment fee$15
Foreign currency conversion fee (Visa/Mastercard)3%
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

Amy Bradney-George

Review by

Amy Bradney-George is the acting editor for Finder X and a senior writer for credit cards and Finder Green. She has more than 13 years' experience as a journalist and writer, with bylines in publications including The Equity Magazine, The Sydney Morning Herald, ABC News and produce industry website FreshPlaza. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not putting (virtual) pen to paper, she spends her time as an actress.

Expert review

The Bendigo Bank Low Rate Platinum Mastercard combines a competitive purchase rate and annual fee with platinum extras. Not many credit cards offer complimentary insurance for mobile devices if you lose or damage them, so that particular perk sets this card apart. Keep in mind that you’d have to buy the device using this card to be able to make a claim.

How to apply

You can apply for the Low Rate Platinum Mastercard online by filling out Bendigo Bank's secure application form. To speed up the process, make sure you meet the eligibility requirements and have all the information and documents you'll need to complete your application.

Eligibility criteria

  • 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.
  • Age. You must be at least 18 years old to apply.

Card benefits

  • Complimentary smartphone and tablet insurance. If you buy a new smartphone or tablet with this credit card, you can enjoy cover against loss, theft or damage for up to 12 months. Refer to the Bendigo Low Rate Platinum Credit Card Insurance product disclosure statement (PDS) for full terms and conditions for this cover.
  • Balance transfer offer. You can take advantage of 0% interest on balance transfers for 6 months, with no 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. You can transfer up to 80% of your approved credit limit.

Rates & fees

  • Purchase rate. This card charges a competitive variable rate of 11.99% p.a. on purchases.
  • Annual fee. The $89 annual fee for this card is charged on account opening and then once every year on the anniversary of that date.

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