Bendigo Bank

Low Rate First Mastercard

Purchase Rate

Purchase Rate

11.99%

Balance Transfer Rate

Balance Transfer Rate

0%

for 6 months then 11.99%

Annual Fee

Annual Fee

$29

Max Free Days

Max Free Days

55

Late Payment Fee

$15

Purchase Rate

Purchase Rate

11.99%

Balance Transfer Rate

Balance Transfer Rate

0%

for 6 months then 11.99%

Annual Fee

Annual Fee

$29

Max Free Days

Max Free Days

55

Late Payment Fee

$15

Pros and Cons

Pros and Cons

    • No reward program
    • Does not offer free supplementary cards

    Features and Fees

    Bendigo Bank Features and Fees

    Details

    Card Level

    Standard

    Card Type

    MasterCard

    Interest Free Days

    Interest Free Days

    55

    Minimum monthly repayment

    3% or $10

    Minimum credit limit

    $500

    Maximum credit limit

    No set max

    Free supplementary cards

    Number free supplementary

    Instant Approval

    Fees

    Annual Fee

    Annual Fee

    $29

    Annual Fee Spend Waiver

    Supplementary card annual fee

    Late Payment Fee

    $15

    Over limit fee

    Duplicate statement fee

    Electronic Wallet Service

    Important Rates

    Rates

    Purchase Rate

    Purchase Rate

    11.99%

    Cash advance rate

    13.99%

    Cash advance fee

    $0

    Balance Transfer

    Balance Transfer Rate

    Balance Transfer Rate

    0%

    for 6 months then 11.99%

    Transfer Limit

    80%

    of the approved credit limit

    Balance Transfer Fee

    $0

    Overseas spending

    Foreign Exchange Fee

    3% on Mastercard

    Overseas charges

    Overseas charges

    Estimated ATM Cost

    -

    Rewards

    Program name

    Rewards Available

    Eligibility

    Minimum age

    18

    Minimum income

    $0

    Eligibility conditions

    Exclusive for customers aged 18-25 years

    Residency

    Specials
    • Balance Transfer 0% Balance Transfer for 6 months
      0% p.a. balance transfer for 6 months. Purchase interest rate applies thereafter.

    Pros and Cons

      • No reward program
      • Does not offer free supplementary cards

      Bendigo Bank Features and Fees

      Details

      Card Level

      Standard

      Card Type

      MasterCard

      Interest Free Days

      Interest Free Days

      55

      Minimum monthly repayment

      3% or $10

      Minimum credit limit

      $500

      Maximum credit limit

      No set max

      Free supplementary cards

      Number free supplementary

      Instant Approval

      Fees

      Annual Fee

      Annual Fee

      $29

      Annual Fee Spend Waiver

      Supplementary card annual fee

      Late Payment Fee

      $15

      Over limit fee

      Duplicate statement fee

      Electronic Wallet Service

      Important Rates

      Rates

      Purchase Rate

      Purchase Rate

      11.99%

      Cash advance rate

      13.99%

      Cash advance fee

      $0

      Balance Transfer

      Balance Transfer Rate

      Balance Transfer Rate

      0%

      for 6 months then 11.99%

      Transfer Limit

      80%

      of the approved credit limit

      Balance Transfer Fee

      $0

      Overseas spending

      Foreign Exchange Fee

      3% on Mastercard

      Overseas charges

      Overseas charges

      Estimated ATM Cost

      -

      Rewards

      Program name

      Rewards Available

      Eligibility

      Minimum age

      18

      Minimum income

      $0

      Eligibility conditions

      Exclusive for customers aged 18-25 years

      Residency

      Specials
      • Balance Transfer 0% Balance Transfer for 6 months
        0% p.a. balance transfer for 6 months. Purchase interest rate applies thereafter.

      FAQs

      How to increase your Bendigo Bank credit card limit?

      As a Bendigo Bank credit cardholder, you can avail a minimum limit of $500, but if you use your card regularly, you may want to consider increasing it. To increase your Bendigo Bank credit card limit, you can contact the bank’s credit card team on 1300 236 344 and talk to the bank directly.

      You can also apply for a credit card limit increase through online banking, by logging into Bendigo Bank web portal or through the app on your phone or tablet. Once you’ve successfully logged in, you'll want  to send a secure message to Bendigo Bank asking them to increase your credit card limit. 

      If you cannot access the online portal or the app, you can also apply to increase your credit card limit through the online enquiry form. Simply add relevant information in the required fields and click ‘Submit’. Once you have completed the application, Bendigo Bank should verify your details and analyse your current financial standing. Based on this assessment, the bank will either accept your application to increase your credit card limit or deny it. 

      Does Bendigo Bank offer credit card insurance?

      No matter which type of Bendigo Bank credit card you own, you may qualify for complimentary purchase protection insurance, extended warranties, and best price guarantee. 

      If you are eligible for one or more of these complimentary insurances, you won’t need to activate them separately. Consider checking the coverage limits as well as the terms of purchase to find out if they apply to your purchases. For instance, the annual coverage limit under Bendigo Bank’s purchase protection insurance for one type of credit card is $25,000. However, the coverage limit per item is $5,000, and you may have to pay an excess of $250 every time you file a claim.

      Some Bendigo Bank credit card customers may also qualify for mobile device insurance, which covers the accidental damage to or loss of your phone. Again, the coverage limit varies for repairing or replacing your phone,compared to repairing accidental damage to your phone’s screen. Other complimentary insurance offered by Bendigo Bank on some credit cards includes coverage for overseas travel, domestic flight inconvenience, and transit accidents. If you rent a car using an eligible Bendigo Bank credit card, you may be able to get a waiver on the car rental excess as well. 

      Does St. George Bank offer any credit card insurance?

      Depending on the type of card they hold St. George Bank credit cardholders can benefit from a host of various credit card insurance offerings including:

      Complimentary overseas travel insurance, covering:

      • Medical and hospital expenses incurred while travelling overseas, with the exclusion of pre-existing conditions
      • Loss or damage to personal property
      • Legal liabilities
      • Loss or damage to rental vehicles
      • Unexpected cancellation of travel arrangements or any other unforeseen expenses

      Complimentary purchase security insurance may be available to level 1 cardholders for four months and three months of complimentary insurance accessed by level 2 cardholders. This type of insurance covers loss, theft, and damage costs to eligible products purchased anywhere around the world, provided that the product was purchased using the St. George Bank credit card. 

      Extended warranty insurance may be available to St. George Bank credit cardholders, which extends the manufacturer’s Australian warranty on certain products purchased. For example, if you purchase a pair of headphones that comes with 11 months of warranty, St. George Bank will provide an extended warranty of 11 months, provided the entire purchase is charged to the St. George Bank credit card. 

      Select cardholders may be able to take advantage of St. George Bank’s rental vehicle excess insurance, which covers up to $5,500 for any excess or deductible which the cardholder is legally liable to pay during the rental period. 

      What coverage does Coles credit card insurance offer?

      Most customers who own a Coles credit card may be eligible for complimentary purchase protection insurance, but low rate card owners won’t receive this benefit. 

      Some premium credit cards issued by Coles include transit accident insurance and extended warranty cover in addition to purchase protection insurance. Covered items paid for at least partially with your Coles credit card usually qualify for purchase protection insurance.

      However, you may only be eligible for transit accident and extended warranty coverage if the entire travel cost or purchase price is billed to the eligible card. Additionally, the extended warranty coverage matches the manufacturer’s warranty up to a maximum of five years. If your credit card offers extended warranty, but the covered item comes with a six-year warranty, you're unlikely to receive the benefit.

      Can I transfer money from my American Express credit card to my bank account?

      If you’re an American Express credit card customer, you may not be able to transfer money from your credit card to your bank account. However, you may be eligible for cash advances, which involves withdrawing money through an ATM. 

      To qualify for a cash advance, you’ll likely have to enrol for American Express Membership Rewards. Consider checking your online credit card account to see if you can withdraw a cash advance and, if so, the fees and charges you’ll incur for this transaction. 

      You should remember that cash advances are different from balance transfers, which were available with some American Express credit cards earlier. Balance transfers allow customers to consolidate debt from high-interest credit cards to a credit card offering a lower interest rate. If you only recently applied for an American Express credit card, balance transfers may not be available irrespective of the card you own. 

      How do I file a Virgin Money credit card insurance claim?

      To make a claim, you can either call Allianz Global Assist at 1800 072 791 or visit their claims page. If you’re making a claim related to any travel-related complimentary insurance, such as international travel or transit accident insurance, you may need to visit their travel claims website. Again, for filing a claim while travelling overseas, you can call Allianz at +61 7 3305 7499.

      Before filing your claim, consider checking which complimentary insurances are available with your Virgin Money credit card. Customers who own a ‘no annual fee’ or ‘low rate’ credit card don’t get these benefits, while some other credit cards only come with guaranteed pricing and transit accident insurance.

      Remember that you’ll need to submit proof that your credit card offers the complimentary insurance benefit which you are claiming. You can read the credit card complimentary insurance terms and conditions for details regarding the benefits available on your credit card.

      Can I transfer money from a credit card to a bank account with HSBC?

      With HSBC’s cash transfer function, you can transfer money from a credit card to a bank account. Customers who wish to make cash transfers have to apply through HSBC and are charged interest on the transactions, but no other fees. Under the program, customers can:

      • Borrow between $500 and $15,000, so long at least 20 per cent of the credit limit is still available after the transfer
      • Transfer to any nominated bank account quickly. 


      Registered HSBC online banking users can log in to their accounts and select credit cards online from the My Banking tab. They can then complete the form from the Cash Transfer option. On approval, the requested amount is transferred to the nominated bank account within three days.

      Customers can also register for the cash transfer program via the Mobile Banking app. Don’t forget to check the interest rate you’ll be charged, both before and after any promotional period.

      What to consider before transferring money from your credit card to your bank account in Citibank?

      You can transfer money from a Citibank credit card to a bank account depending on the available limit of each. The process is known as a cash advance transaction, and Citibank should allow you to transfer some portion of the total credit limit.

      Transferring funds from a credit card to a bank account is likely to attract additional charges, so please consider the following potential costs:

      • A cash advance fee, which is a per cent of the total transfer amount
      • A 2 per cent transaction fee when you transfer money from a Citibank credit card to a bank account
      • Cash advance interest rate applicable on the transfer amount without any interest-free period.

      To learn more about such transfers, you can contact the bank via the online service desk, email, or by calling 13 CITI (13 24 84).

      Do I qualify for Bank of Melbourne credit card insurance?

      You may be eligible for transit accident insurance, purchase security insurance, and extended warranty no matter which type of Bank of Melbourne credit card you own. 

      Some credit card customers may get coverage for international or domestic travel insurance, rental vehicle excess in Australia, and price guarantee as well. 

      However, the exact terms of the insurance coverage can differ based on the specific credit card. For instance, if you buy any personal items with a Level 1 credit card, your purchase security insurance may be valid for up to four months from the purchase date. For someone with a Level 2 credit card, such coverage may only be available for three months. 

      How do I transfer money from my Commonwealth bank credit card to my bank account?

      Your Commonwealth bank credit card may include a cash advance benefit, but you won't be able to transfer money to your bank account. 

      You can, however, withdraw cash from your credit card at an ATM. You should remember that you have to pay a fee for such transactions, and you’ll be charged interest from the day you withdraw the cash. 

      Unlike other credit card transactions, you don’t get an interest-free repayment period for cash advances. Also, you may not be able to access your full credit card limit for a cash advance.

      What type of complimentary travel insurance is available with Citibank credit cards?

      The Citi Prestige, Premier, Rewards, Emirates Citi World MasterCard, and Gold cards provide complimentary travel insurance to customers. These Citibank credit card insurance benefits are managed and issued by Allianz Global Assistance (AGA).

      Depending on the type of card, the Citibank credit card insurance coverage may include:

      • Foreign travel insurance
      • A comprehensive insurance policy for foreign travel for up to six months
      • Transit accident insurance
      • Accidental injury or demise while travelling on aeroplanes, buses, trains, or ferries in foreign locations
      • Interstate flight inconvenience insurance
      • Cover for unexpected cancellations, damaged or lost baggage, flight delays, or rental vehicle excess expenses for up to 14 days while travelling within Australia.

      To be eligible for the complimentary Citi credit card insurance, you must book tickets using your card or through the Citi Travel Program.

      Who is eligible for Bankwest credit card insurance

      Bankwest offers complimentary overseas travel insurance to its Gold MasterCard, Platinum MasterCard and World MasterCard cardholders. Eligible Gold and Platinum MasterCard customers are covered for up to 31 consecutive days of travel, while the World MasterCard holders are covered for six successive months.

      To receive the complimentary Bankwest credit card insurance, cardholders need to:

      • Be under 80 years old
      • Be travelling to a foreign destination
      • Not have a cancelled or suspended card.


      The complimentary insurance is also available to spouses and children if they travel with you for the entire period. The level of cover depends on the type of card and its  credit limit. Some of the standard types of cover include:

      • Overseas emergency medical assistance
      • Personal liability
      • Accidental demise
      • Baggage and personal goods.


      It’s important to remember that pre-existing conditions are not covered by the complimentary Bankwest credit card insurance. Other terms and conditions also apply. 

      If you are an eligible cardholder and need to make a claim, it can either be done online or by calling +612 8907 5615. 

      How to increase your HSBC credit card limit

      You can opt to increase your HSBC credit card limit in multiple ways. 

      The easiest way to change your HSBC credit card limit is through online banking. Log on to your account and click on ‘Manage your account’. Then, click on ‘My Cards’ and choose to change your credit card limit. Simply complete the HSBC credit card limit increase form and click on ‘Submit’. 

      You can also request to increase your credit card limit by calling HSBC’s customer service hotline on 1300 303 168. 

      Lastly, you can visit any HSBC branch to apply to lift your card limit. 

      If you are facing challenges while trying to complete an HSBC credit card credit limit increase online, you can chat with a representative using internet banking. Click on the ‘Need Help’ button on the right of the dashboard and open the chat window to speak with the customer service officer. 

      How to apply for an HSBC credit card instalment plan?

      HSBC provides a host of different features and benefits to its customers, including interest-free finance options for purchases made at select retailers.

      Using this feature, you can make a purchase in-store or online through your credit card, and spread your repayments for up to 60 months. Opting for a credit card instalment plan may be an ideal option as you can make big purchases without worrying about making immediate payments. 

      The interest-free instalment plan is valid for all HSBC credit cards, so you shouldn't need to fill out separate forms or apply for a particular plan. Rather, all you should need to do is use your HSBC credit card at any of the participating retailers and inform the vendor that you want to pay using HSBC interest-free. 

      As HSBC has partnered with over 1,000 retailers for its interest-free credit card instalment plan, you get the flexibility to purchase a host of different products. Some of the popular retailers that HSBC allows instalments for are: 

      • Webjet 
      • King Furniture 
      • Betta Home Living
      • Stratco 
      • Video Pro 
      • Bing Lee

      Once you have provided approval to the vendor, HSBC will send you an SMS asking you to confirm the purchase, following which the payment will go through, and you can select your preferred instalment plan. 

      While you may be inclined to choose the most prolonged duration for repayment considering there are no interest charges, it’s important to know that minimum monthly repayments will still apply (3%, or $30, whichever is higher), making it important to choose the right HSBC credit card instalment plan that suits your requirements. 

      Can I use PayPal to transfer from a credit card to a bank account?

      You can easily link your credit card to your PayPal account. When you need to make a payment, PayPal makes an instant transfer from your bank account, provided you’ve linked and confirmed your credit card details.For credit card holders, you can transfer funds from eligible cards listed in the “Instant” section of the money transfer page.

      Here is how you can transfer money from PayPal to your bank account:

      1. On the “My Wallet” tab, select “Transfer Money” and then click on the “Transfer to your bank account” option.
      2. Choose the bank account where you want to transfer the money and click “Continue.”
      3. Enter the amount, review and click “Transfer Now.”
      4. When you confirm the transfer, the amount should be moved to the bank account linked from the chosen credit card.

      How do I increase my Suncorp credit card limit?

      You can ask Suncorp to increase your credit card limit  by contacting  131 155 or by visiting your nearest branch. You’ll have to meet Suncorp’s credit criteria and general terms. For example, you may not receive an increase in your limit if you have successfully applied for one or in the past nine months. Similarly, the bank will look at whether you’ve applied for other credit products recently. 

      When assessing your application for a credit increase, banks look at a range of criteria, such as your income and your spending and repayment history. Usually you’ll hear back within a couple of weeks. 

      How does the ANZ credit card instalment plan work?

      While you usually need to settle all or part of your credit card dues at the end of your statement period, some credit cards afford you the option of setting up instalment plans. This allows you to settle your credit card debt at a pace that's more convenient for you, paying a fixed amount over a fixed period, thus making it easier to budget your repayments every month.

      With the ANZ credit card instalment plan, you can set up a structured repayment schedule for part or all of your balance, or even for specific purchases over a certain value.

      Some of the benefits of instalment repayment include: 

      • Structured repayments: You’ll have a fixed sum to pay each month.
      • Easier to budget: A fixed repayment sum makes it easier to make your monthly budget.
      • Account benefits: You might also get benefits such as discounted interest rates or debt-tracking tools.

      There are disadvantages of opting for instalment repayment, however, and they include:

      • Less flexibility: You will not be able to pay a smaller amount once you set an instalment plan.
      • Different interest charges: In case the instalment plan only covers part of the balance, different interest charges could apply, making it challenging to budget.
      • Additional fees: You might have to pay fees or penalty charges in case of missed payments.

      How can I transfer money from a credit card to a bank account in ANZ?

      The process to transfer money from credit card to a bank account for ANZ customers can be made online via the mobile app or over the phone. Here are the necessary steps for the transfer:

      Call the ANZ general enquiries number on 132273 and verify your account information. Request to transfer the desired amount. You’ll then have to provide the bank account number and the BSB details to complete the transfer.

      Log in to your online banking or mobile banking app and select the “transfer” option. Provide the bank account number, BSB details, and the amount you want to transfer. Confirm the details for ANZ to  transfer money from credit card to a bank account.

      What does BOQ credit card insurance cover?

      All BOQ credit cards come with purchase cover insurance and guaranteed pricing, which can be claimed by eligible customers without activation. Some premium cards may additionally cover international travel, transit accidents, and interstate flight inconveniences, as well as offering extended warranties in select circumstances. 

      For instance, any “covered item” bought using your BOQ credit card may be eligible for purchase cover insurance if its value doesn’t exceed $10,000. Again, covered items usually include most business and household or personal items but exclude things like computer software, perishable food items, and arts and antiques. You should check your credit card’s product disclosure statement (PDS) to find out which of these complimentary insurances you may qualify for if any. 

      How do I increase my Virgin credit card limit?

      If you’re a Virgin Money cardholder and you’re looking at increasing your credit card limit, the first step is to get in touch with Virgin’s credit team on 13 37 39. 

      Once you request a Virgin Money credit card limit increase, the lender will do an assessment of your current financial position to make sure you can repay the credit. Virgin Money will typically take 7 to 10 working days to complete this process.

      Virgin Money has strict terms around credit increases. To be eligible, you must have opened your account no less than nine months before making the application. Also, at least six months must have passed since your last credit limit increase. The maximum increase you can expect will be 50 per cent of your existing credit limit.