It’s common to find credit cards with a purchase rate of 19% or over, so the Bendigo Bank Low Rate Mastercard offers a great low rate at only 11.99%. Plus, the $45 annual fee won't break the bank either.
While some low rate interest cards can trip you up with their 0 day interest period, you'll get up to 55 interest free days with this card, which means you have almost 2 months to pay off your balance before you get stung with any extra costs. Bendigo bank also offers a fairly unique interest option, as the interest is charged from when you receive your statement, rather than when you initially make the purchase, saving you on your interest.
If you intend to share the credit card with someone else then you’re in luck, because you’ll incur no fee for having additional cardholders, allowing you and another to both use the same account.
And with a low 13.99% cash advance rate you won’t break the bank if you get get stuck running to the ATM outside your favourite cash only Thai place.
You will also be eligible for exclusive rewards through Mastercard Priceless Cities.
Who it's good for:
The Bendigo Bank Low Rate Mastercard is a great card for anyone who is in need of a credit card that is there to assist them with their daily purchases, either necessities or a bit of fun.
All around the Low Rate Mastercard has a lot of positives, but don’t get too relaxed about making payments, because you’ll be slapped with a $15 late payment fee if you miss the due date.