Thumbnail icon for Bendigo Bank

Bendigo Bank Low Rate First Mastercard

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 Mastercard

Last updated: 2 September 2019.

binocular icon
What's hot
  • Very low $29 annual fee
  • 55 interest free days
  • Low 11.99% purchase rate
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 Mastercard 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. 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 Mastercard 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 Mastercard, 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.

snapshot
Any catches

The Bendigo Bank Low Rate First Mastercard 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 Mastercard.

Details

Rates and fees information correct as at 29 September 2020 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 Mastercard

  • Overall 10/10
    They actually give back to the community - wow.

    Bendigo Bank actually give back to the community which I think is so wonderful and the staff are always brilliant.

    Read full review

    Bendigo Bank actually give back to the community which I think is so wonderful and the staff are always brilliant.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Katie, Victoria reviewed 2 months ago
  • Overall 10/10
    Totally competitive and excellent 24 hour customer

    I have banked with Bendigo, for many year, including paying off a home loan and a car loan. I enjoy saving and even encouraged my grandson to open an account with them when he got his first job.

    Read full review

    I have banked with Bendigo, for many year, including paying off a home loan and a car loan. I enjoy saving and even encouraged my grandson to open an account with them when he got his first job.

    Price
    8/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Denise, Victoria reviewed 11 months ago
  • Overall 8/10
    Very professional

    The staff are very courteous. Professional all the way.

    Read full review

    The staff are very courteous. Professional all the way.

    Price
    3/10
    Features
    6/10
    Customer service
    7/10
    Convenience
    6/10
    Trust
    8/10
    Less
    Slim, Victoria reviewed almost 2 years ago
  • Overall 7/10
    Good

    Bendigo bank are good.

    Read full review

    Bendigo bank are good.

    Price
    5/10
    Features
    7/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    5/10
    Less
    Samara, Queensland reviewed over 2 years ago
  • Overall 10/10
    Bendigo Bank are helpful

    I can walk there.

    Read full review

    I can walk there.

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Margaret, New South Wales reviewed over 2 years ago
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.

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