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.

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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.

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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.


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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.

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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 6 May 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

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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

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Bendigo Bank

Low Rate Credit Card

11.99% p.a.

0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)

$45

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Bendigo Bank

Low Rate Credit Card

11.99% p.a.

0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)

$45

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Westpac

Low Rate

13.74% p.a.

0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)

$59 $0 in the first year

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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

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American Express

Cashback Credit Card

20.74% p.a.

No current offer

$120

Cashback Rewards

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St.George

Vertigo

13.99% p.a.

0% p.a. for 28 months and then 21.49% p.a.

$55

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MoneyMe

Freestyle Virtual Mastercard

16.99% p.a.

No current offer

$209 Annual fee may vary.

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ME

frank Credit Card

11.99% p.a.

No current offer

$0

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American Express

Qantas Discovery Card

20.74% p.a.

No current offer

$0

Qantas Frequent Flyer

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American Express

Cashback Credit Card

Cashback Rewards

$120

No current offer

1 point uncapped

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Westpac

Altitude Platinum

Altitude Rewards

$150 $99 in the first year

80,000

1 point uncapped

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American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

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NAB

Qantas Rewards Signature Card

Qantas Frequent Flyer

$395 $295 in the first year

110,000

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

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St.George

Amplify Signature

Amplify Rewards

$279

200,000

1.5 points uncapped

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American Express

Velocity Escape Card

Velocity Frequent Flyer

$0

No current offer

0.75 points uncapped

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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 St.George

St.George

Amplify Platinum

Qantas Frequent Flyer

$99

60,000

0.5 points uncapped

Thumbnail icon for Bendigo Bank

Bendigo Bank

Low Rate Credit Card

0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)

11.99% p.a.

$45

Thumbnail icon for St.George

St.George

Vertigo

0% p.a. for 28 months and then 21.49% p.a.

13.99% p.a.

$55

Thumbnail icon for Westpac

Westpac

Low Rate

0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)

13.74% p.a.

$59 $0 in the first year

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St.George

Amplify Platinum

0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)

19.74% p.a.

$99

Amplify Rewards

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NAB

Low Rate Card

0% p.a. for 26 months and then 21.74% p.a. (2.00% balance transfer fee)

12.99% p.a.

$59 $0 in the first year

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Bank of Melbourne

Amplify Platinum

0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)

19.74% p.a.

$99

Qantas Frequent Flyer

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St.George

Amplify Signature

0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)

19.74% p.a.

$279

Amplify Rewards

Thumbnail icon for Bendigo Bank

Bendigo Bank

Low Rate Credit Card

11.99% p.a.

0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)

$45

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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

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St.George

Vertigo

13.99% p.a.

0% p.a. for 28 months and then 21.49% p.a.

$55

Thumbnail icon for Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)

$59 $0 in the first year

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ING

Orange One Low Rate Credit Card

11.99% p.a.

No current offer

$0

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ME

frank Credit Card

11.99% p.a.

No current offer

$0

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NAB

StraightUp Card

0% p.a.

No current offer

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

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NAB

Low Rate Card

12.99% p.a.

0% p.a. for 26 months and then 21.74% p.a. (2.00% balance transfer fee)

$59 $0 in the first year

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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

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St.George

No Annual Fee

0% p.a. for 12 months then 20.74% p.a.

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

$0

Thumbnail icon for NAB

NAB

StraightUp Card

0% p.a.

No current offer

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

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BankSA

No Annual Fee

0% p.a. for 12 months then 20.74% p.a.

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

$0