Bendigo Bank Low Rate First Mastercard

11.99% p.a.

No current offer

$29

Bendigo Bank Low Rate First Mastercard Review

Rates and fees information correct as at 25 June 2018.

Review published: 8 January 2018

What's hot:

  • Very low $29 annual fee

  • Low 11.99% purchase rate

  • 55 interest free days

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.

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.

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.

Who it's 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.

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.

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

Product Type Overall Rating Price Features Service Convenience Trust
8.3

Based on 212
Bendigo Bank credit cards reviews

7.4 7.2 8.5 8.5 8.5

Read Bendigo Bank credit card reviews by the Mozo community

Latest reviews of Bendigo Bank Low Rate First Mastercard

Bendigo Bank

Bendigo Bank Low Rate First Mastercard credit card review

Overall rating   7 / 10

Good

Bendigo bank are good.

Full review

Bendigo bank are good.

    Price   5 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   5 / 10

Less

Samara (QLD), reviewed 3 months ago

Bendigo Bank

Bendigo Bank Low Rate First Mastercard credit card review

Overall rating   10 / 10

Bendigo Bank are helpful

I can walk there.

Full review

I can walk there.

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Margaret (NSW), reviewed 4 months ago

Bendigo Bank

Bendigo Bank Low Rate First Mastercard credit card review

Overall rating   10 / 10

I cannot rate Bendigo bank any higher than l have

This bank supports the community and is the best customer service l have ever received from any bank in the past.

Full review

This bank supports the community and is the best customer service l have ever received from any bank in the past.

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Annette (VIC), reviewed 5 months ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • 11.99% p.a.

  • none

  • No current offer

  • none

  • 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

Other financial bits

  • $10.00

  • 3.0

Features

  • yes

  • Card restricted to 18 to 25 year olds.

  • none

About Bendigo Bank

Bendigo Bank is a community focused bank that's all about customer satisfaction. Over the past 20 years, Bendigo Bank has given back $165 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.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

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