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
Interest free days on purchases

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.

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. 


Rates and fees information correct as at 17 September 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.

11.99% p.a.


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


13.99% p.a.








0.50%, Min $3.25









Card restricted to 18 to 25 year olds.

Payment options

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

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