Bendigo Bank Low Rate Platinum Mastercard

11.99% p.a.

No current offer



Bendigo Bank Low Rate Platinum Mastercard

11.99% p.a.

No current offer



Mozo Review   Bendigo Bank Low Rate Platinum Mastercard Review

Last updated: 18 June 2018.

What's hot:
  • 2017 Mozo Experts Choice Winner

  • 11.99% purchase rate

  • Extended warranty on purchases

  • Complimentary mobile and tablet insurance

What's not:
  • $15 late payment fee

Mozo snapshot:

A low rate credit card with all the perks of a platinum product, Bendigo Bank’s Low Rate Platinum Mastercard was among the winners in Mozo Experts Choice awards in 2017. If you’re after a credit card that not only offers attractive rates but also makes the protection of your purchases a priority, this piece of plastic is absolutely worth considering.

Key features:

This credit card seriously delivers when it comes to rates. First of all, the purchase rate sits at 11.99% and you’ll also get 55 days interest free if you’re paying off your entire balance on time each month. Another feature of this card is the low 13.99% cash advance rate, which means, if you absolutely need to turn this credit into cash, you won’t be hit with the 20%+ rate that some other cards charge.

All credit cards come with a few fees, but Bendigo has made them manageable with its Low Rate Platinum Mastercard. There's no annual fee in the first year, however once this is up, you will have to start paying the regular $89 annual fee. and if you’re tardy with your repayments you’ll also be hit with a $15 late payment fee. With this card, you’ll pay a 0.50% or $3.25 cash advance fee (whichever is higher) and you’ll also be charged a 3.00% foreign exchange margin to use piece of plastic during your overseas adventures.

Rates and fees aside, this credit card packs a punch with its additional benefits. You’ll get 90 days worth of purchase protection for your precious new toys and if your newly-purchased mobile phone occupies a special place in your heart, you can rest easy knowing that Bendigo are willing to insure both your smartphone and tablet up to the value of $1200.

Who it's good for:

If you’re in the market for a low rate credit card that will benefit you beyond the point of purchase, the Bendigo Bank Low Rate Platinum Mastercard could be the perfect option for you.

Any catches?

Just keep in mind there is a late payment fee of $15 and after your first year of owning the card, you’ll have to splash out the $89 annual fee to keep your paws on this piece of plastic.


Rates and fees information correct as at 21 August 2018.

  • 11.99% p.a.

  • none

  • No current offer

  • none

  • 13.99% p.a.

  • 55

  • $89.00

  • none

  • none

  • none

  • $15.00

  • 0.50%, Min $3.25

  • 3.00%

  • $5.00

  • $10.00

  • $0.00

  • $10.00

  • 3.0

  • yes

  • none

Payment options

Apple Pay
Google Pay
Samsung Pay
Fitbit Pay
Garmin Pay

Other benefits

Mobile phone and tablet insurance protection if you lose your device or break the screen.

Customer Reviews

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

Overall customer rating
Customer service
Bendigo Bank

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.

See Bendigo Bank credit cards