product logo

Low Rate First Mastercard (ages 18 - 25)



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



  • Free Supplementary Cards Supplementary cardholder must be over 16 years of age

Similar credit cards


The Bendigo and Adelaide Bank Low Rate First Mastercard is for people aged between 18 and 25 years old.

It has a low annual fee, a moderately low interest rate and a moderate number of interest-free days.

The card has a tap-and-go facility for purchases under $100. It can also be converted to a digital wallet with Apple Pay, Samsung Pay and Android Pay for compatible devices.

Purchases and payments are protected by 24/7 fraud monitoring. As a cardholder, you benefit from Mastercard SecureCode, BendigoProtect and Protect+Pay security features.

You can personalise your Bendigo and Adelaide Bank Low Rate First Mastercard. For a fee, the image on the card can be changed to your favourite photo or design.

Additional credit cards can be linked to the account; each cardholder must be at least 16 years old.

  • Low annual fee
  • 24/7 fraud monitoring
  • Free additional cardholders
  • Annual fee charged
  • Late payment fee charged
  • No rewards program


Who is it good for?

If you’re aged between 18 and 25, you can apply for the Bendigo and Adelaide Bank Low Rate First Mastercard. 

The card has a low annual fee and a moderately low interest rate for purchases. Interest is calculated from the statement date, not from when you made the purchase.

An added benefit of this card is automatic membership in the Mastercard Priceless Cities program, which provides exclusive offers and experiences from cities around the world.

Digital wallet features enable you to use your smart phone for contactless tap-and-go transactions.

This Mastercard has robust security measures in place to safeguard your shopping experiences – online and offline.

Additional cardholders can be added to the primary account for this card. The minimum age for each person on the account is 16 years old.

What RateCity says

Bendigo and Adelaide Bank Low Rate First Mastercard is a simple and straightforward credit card suited to young people and low-income earners (aged between 18 and 25).

It has relatively low fees and interest rates, and in-built technology for contactless and tap-and-go transactions. It does offer balance transfers, but not at 0 per cent as some cards do.

An attractive feature for younger customers is the ability to personalise the card. For a nominal fee, the look of the card can be customised by adding a photo or design.

Interest on this credit card is charged from each statement date, which means you could save up to 50 per cent in monthly interest charges.

The Bendigo and Adelaide Bank Low Rate First Mastercard doesn’t have a rewards scheme. However, it does offer cardholders special deals via the Mastercard Priceless Cities program.


To be eligible for this Mastercard you must be an individual (not a company) aged between 18 and 25 years old. You must be an Australian citizen or permanent resident and not currently bankrupt or insolvent. When applying you need to have at least one type of ID. This can be a driver’s licence, Medicare card or current passport. You will also need evidence of your income and expenses including any existing loans or credit cards.

About Bendigo and Adelaide Bank

Bendigo and Adelaide Bank is an Australian financial institution that was formed via the merger of Bendigo Bank and Adelaide Bank in November 2007. Before the merger, Bendigo Bank operated from nearly 900 outlets Australia-wide, including more than 160 company-owned branches, 220 community-owned branches of Bendigo Bank, 100 agencies and 400 Elders outlets. Bendigo and Adelaide Bank is now an ASX-listed company. It has more than 6,500 employees, who serve about 1.5 million customers in over 500 communities Australia-wide.


Looking to get your first credit card? You might be confused as to exactly where to go to apply for one. Here’s where to go when you are ready to put in that application.

The bank: Your bank is a great place to start, provided that you have a good banking history. Since you already have a financial history, you have more chance of your application being approved.

Credit card provider: Another option is to apply for a credit card directly from the issuer, such as Visa, Mastercard or Amex. This will most likely be an online application, so do your research and apply for a suitable card for your circumstances.

Major retailers: Coles, Woolworths, Myer and David Jones all have credit cards available. But watch out for the interest rate and annual fees – these cards are designed to help you spend more in store.

Compare your product with the big 4 banks, or add more products to compare
As seen on