Low Rate First Credit Card card image

Bendigo Bank Low Rate First Credit Card

Advertiser disclosure
Purchase rate
11.99% p.a.
Balance transfer rate
0% p.a. for 6 months and then 11.99% p.a.
Annual fees
$29
Interest free days on purchases
55

Mozo editorial review Bendigo Bank Low Rate First Credit Card

Last updated: 23 October 2020.

binocular icon
What's hot
  • Very low $29 annual fee
  • 55 interest free days
  • Low 11.99% purchase rate
  • 2020 Mozo Experts Choice Award winner
What's not
  • Card restricted to 18 - 25 year olds
Mozo snapshot

If you’re a youngin’ looking for your first credit card, then the Bendigo Bank Low Rate First Credit Card is a great place to start. The card has an incredibly reasonable $29 annual fee, as well as great 11.99% purchase rate and up to 55 interest free days. There is also a 0% balance transfer offer for 6 months which is why this year this card took out a 2020 Mozo Experts Choice Award for best Balance Transfer Credit Card. 

The only drawback is that you need to be between 18-25 to be eligible.

key icon
Key features

The Bendigo Bank Low Rate First Credit Card has a low purchase rate of 11.99%. This is good not just for credits cards, which can be up above 20%, but it’s pretty competitive amongst other low rate credit cards as well.  And if you need to clear a small debt from a previous credit card, this one comes with 0% interest on balance transfers for 6 months.

If you ever find yourself hopping over to an ATM for some cash out, then you won’t be too put out with only a 13.99% cash advance rate. Plus, there's a very low $29 annual fee, that won't break the bank.

Low annual fee, low purchase rate, good cash advance rate, must have 0 interest free days right? Nope. You still get to enjoy up to 55 interest free days. Furthermore, in a rather unique situation, Bendigo Bank starts charging interest from the statement date, instead of the purchase date, so you save on interest.

If you want to have two cards on the same account, with the Bendigo Bank Low Rate First Credit Card, you are able to have an additional cardholder for no extra costs.

Plus, this card will also give you access to the exclusive rewards that are a part of Mastercard Priceless Cities.


snapshot
Who is it good for

People 18-25. The card comes with a lot of the advantages of a low rate card, particularly in the form of it’s 11.99% purchase rate and $29 annual fee. So if you are a young person looking for a budget friendly credit card, then capitalising on this age specific card is a smart move.

question icon
Any catches

The Bendigo Bank Low Rate First Credit Card has a lot of good aspects, but if you’re over 25 years old, you are out of luck, as the card is only available for those 18-25. Instead you might like to check out the Bendigo Bank Low Rate Credit Card. 

Details

Rates and fees information correct as at 26 February 2021 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 11.99% p.a.

  • none

  • 0% p.a. for 6 months and then 11.99% p.a.

  • no

  • 13.99% p.a.

  • 55

Fees
  • $29.00

  • none

  • none

  • none

  • $15.00

  • 0.50%, Min $3.25

  • 3.00%

  • $5.00

  • $10.00

  • $0.00

Features
  • $10.00

  • 3.0

  • yes

  • Card restricted to 18 to 25 year olds.

Payment options

Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

Customer Reviews

How are Bendigo Bank credit cards rated by the Mozo community?

Overall
8.1/10
Price
7.2/10
Features
6.7/10
Customer service
8.3/10
Convenience
8.1/10
Trust
8.4/10

Latest reviews of Bendigo Bank Low Rate First Credit Card

Thumbnail icon for Bendigo Bank

About Bendigo Bank

Bendigo Bank is a community focused bank that's all about customer satisfaction. Over the past 22 years, Bendigo Bank has given back $230 million to help communities build the things they need to thrive. With a national presence and an innovative digital experience, Bendigo Bank offers a full range of financial services including credit cards, personal loans, home loans, savings and bank accounts to help Aussies meet their money goals.

See Bendigo Bank credit cards

Thumbnail icon for Bendigo Bank

Bendigo Bank

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)

$45

Thumbnail icon for Bendigo Bank

Bendigo Bank

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)

$45

Thumbnail icon for Bankwest

Bankwest

Zero Mastercard

17.99% p.a.

2.99% p.a. for 9 months and then 17.99% p.a.

$0

Thumbnail icon for Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

Thumbnail icon for NAB

NAB

Qantas Rewards Signature Card

19.99% p.a.

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

$395 $295 in the first year

Qantas Frequent Flyer

Thumbnail icon for Bankwest

Bankwest

Breeze Mastercard

10.99% p.a.

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

$49 $0 in the first year

Thumbnail icon for St.George

St.George

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Thumbnail icon for CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Thumbnail icon for Citi

Citi

Simplicity Credit Card

0% p.a. for 6 months then 21.49% p.a.

0% p.a. for 6 months and then 22.24% p.a.

$0

Thumbnail icon for St.George

St.George

Amplify Signature

Amplify Rewards

$279 $139 in the first year

200,000

1.5 points uncapped

Thumbnail icon for American Express

American Express

Qantas Ultimate Card

Qantas Frequent Flyer

$450

100,000

1.25 points uncapped

Thumbnail icon for NAB

NAB

Qantas Rewards Signature Card

Qantas Frequent Flyer

$395 $295 in the first year

130,000

1 point up to $5,000/month, then
0.5 points up to $20,000/month

Thumbnail icon for BankSA

BankSA

Amplify Signature

Amplify Rewards

$279 $139 in the first year

200,000

1.5 points uncapped

Thumbnail icon for American Express

American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

Thumbnail icon for NAB

NAB

Qantas Rewards Premium Card

Qantas Frequent Flyer

$250

30,000

0.66 points up to $3,000/month, then
0.33 points up to $6,000/month

Thumbnail icon for Bank of Melbourne

Bank of Melbourne

Amplify Platinum

Qantas Frequent Flyer

$99

70,000

0.5 points uncapped

Thumbnail icon for American Express

American Express

Velocity Escape Card

Velocity Frequent Flyer

$0

No current offer

0.75 points uncapped

Thumbnail icon for Bendigo Bank

Bendigo Bank

Low Rate Credit Card

0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)

11.99% p.a.

$45

Thumbnail icon for Bankwest

Bankwest

Breeze Mastercard

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

10.99% p.a.

$49 $0 in the first year

Thumbnail icon for Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

0% p.a. for 26 months and then 20.99% p.a.

20.74% p.a.

$129 $64 in the first year

Velocity Frequent Flyer

Thumbnail icon for St.George

St.George

Vertigo

0% p.a. for 24 months and then 21.49% p.a.

13.99% p.a.

$55 $0 in the first year

Thumbnail icon for Westpac

Westpac

Low Rate

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

13.74% p.a.

$59

Thumbnail icon for St.George

St.George

Amplify Platinum

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

0% p.a. for 7 months then 19.74% p.a.

$99 $0 in the first year

Amplify Rewards

Thumbnail icon for Citi

Citi

Rewards Credit Card

0% p.a. for 30 months and then 22.24% p.a.

21.49% p.a.

$149 $49 in the first year

Citi Rewards Program

Thumbnail icon for CUA

CUA

Low Rate Credit Card

0% p.a. for 20 months and then 21.74% p.a.

11.99% p.a.

$49 $0 in the first year

Thumbnail icon for Bendigo Bank

Bendigo Bank

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)

$45

Thumbnail icon for Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

Thumbnail icon for St.George

St.George

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Thumbnail icon for NAB

NAB

StraightUp Card

0% p.a.

No current offer

$120 $10/month - waived if no spend & no balance owing

Thumbnail icon for CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Thumbnail icon for ANZ

ANZ

Low Rate

12.49% p.a.

0% p.a. for 20 months and then 20.24% p.a.

$58 $0 in the first year

Thumbnail icon for Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

Thumbnail icon for Bank of Melbourne

Bank of Melbourne

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Thumbnail icon for Bankwest

Bankwest

Breeze Mastercard

10.99% p.a.

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

$49 $0 in the first year

Thumbnail icon for Citi

Citi

Simplicity Credit Card

0% p.a. for 6 months then 21.49% p.a.

0% p.a. for 6 months and then 22.24% p.a.

$0

Thumbnail icon for Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

Thumbnail icon for NAB

NAB

StraightUp Card

0% p.a.

No current offer

$120 $10/month - waived if no spend & no balance owing

Thumbnail icon for St.George

St.George

Vertigo Platinum

0% p.a. for 15 months then 12.99% p.a.

6.99% p.a. for 12 months and then 21.49% p.a.

$99 $49 in the first year

Thumbnail icon for Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 14 months then 20.74% p.a.

0% p.a. for 6 months and then 20.99% p.a.

$129 $64 in the first year

Thumbnail icon for St.George

St.George

Amplify Platinum

0% p.a. for 7 months then 19.74% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$99 $0 in the first year

Thumbnail icon for Virgin Money

Virgin Money

No Annual Fee Card

0% p.a. for 12 months then 18.99% p.a.

0% p.a. for 12 months and then 20.99% p.a.

$0