Bendigo Bank Low Rate Platinum

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Enjoy a low purchase rate of 11.99% p.a. and up to 55 days interest-free on purchases with the Bendigo Bank Low Rate Platinum Mastercard.

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

11.99% p.a.

Balance transfer rate

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 Rate11.99% p.a.
Balance Transfer Revert RateCash Advance Rate (13.99% p.a.)
Purchase Rate11.99% p.a.
Annual Fee$89
Interest Free Period55 days
Cash Advance Rate13.99% p.a.
Minimum Credit Limit$3,000
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


  • A low interest rate of 11.99% p.a. on purchases
  • 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
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

Amy Bradney-George

Review by

Amy is an editor and writer at with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy 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. You must be an Australian citizen or permanent resident.
  • 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.
  • Interest-free days. You can enjoy up to 55 days interest-free on your purchases with this card. This is made up of a 30-day statement cycle when you can make purchases, plus 25 days to the payment due date on your statement. This means number of interest-free days you get depends on when you make a purchase.

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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