Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
for 15 months then 11.99%
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
Balance Transfer Fee
Foreign Exchange Fee
3% on Mastercard
Estimated ATM Cost
Australia Citizen, Permanent Resident
- FREE SUPPLEMENTARY CARDS Supplementary cardholder must be over 16 years of age
- Purchase Offers 0% p.a. on purchases for for 15 months from account openingTerms, conditions, fees and charges apply. All information, including interest rates and fees, is correct as at 30 April 2020 and is subject to change. Full details available on application. Lending criteria apply. Low Rate Credit Card Offer includes 0% purchase rate for 15 months (conditions apply). Low Rate Credit Card Offer commences 1 May 2020. To be eligible for the offer, a new Low Rate Credit Card application must be completed and submitted between 12:01am AEST 1 May 2020 and 11:59pm AEST 2 August 2020. Bendigo Bank may vary or end the Low Rate Credit Card Offer and it is only available on the Low Rate Credit Card. Offer not available to staff or in conjunction with any other Bendigo Bank offer including Low Rate Connect Credit Card and Low Rate Credit Card Deals or Shareholder products. One account per customer. Offer is not available when closing/transferring from another Bendigo Bank credit card account or if you have held a Bendigo Bank credit card product in the last 12 months. Offer also subject to minimum monthly repayments being made as per your monthly statement and the account not otherwise being in default. For the first 15 months after account opening, interest on purchases is waived. At the end of 15 months from account opening, remaining purchase balance will revert to standard purchase interest rate. Offer does not apply to cash advances. The standard purchase interest rate of the Low Rate Credit Card is currently 11.99% p.a. The cash advance rate of the Low Rate Credit Card is currently 13.99% p.a. Any payments made to your card account will be applied to amounts that appear on your past statement in order of highest to lowest annual percentage rate. Payments are then applied to transactions that appear in your current statement period from highest to lowest annual percentage rate. Refer to section 15.3 of our credit card Terms and Conditions. Credit provided by Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL/Australian Credit Licence 237879.
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In 2007 Bendigo Bank merged with Adelaide Bank to form the Bendigo and Adelaide Bank Group of companies or what is commonly known as Bendigo Bank today.
The unique strengths of Adelaide Bank in wholesale finance and Bendigo in retail banking have combined and grown to be one of Australia’s largest retail banks, now servicing over 300 communities, families and businesses and over 1.3 million customers.
Their head office is located in the central Victorian city of Bendigo, with business operating dominantly in Victoria and Queensland.
The bank has extensive experiences in communities and joint ventures as it continues its tradition of providing its customers with quality personal service and a broad selection of home loan products and advice to match. Bendigo Bank is now a publicly listed company on the Australian Stock Exchange.
Bendigo Bank customers can reach customer support by contacting them via:
- Customer service (phone, email, branch)
- Mobile app
- Live chat
- Online banking
- Mobile banking staff
The Bendigo & Adelaide Bank Low Rate Mastercard has a moderately low annual fee, moderately low interest rates, and a moderate number of interest-free days. Unlike many other credit cards, this card calculates interest from the statement date rather than the purchase date. The card charges a moderately low fee for late payments and does not offer a rewards scheme.
While the Bendigo & Adelaide Bank Low Rate Mastercard does not have an associated rewards program, card holders are granted access to Mastercard Priceless Cities, which gives members exclusive offers in cities around the world.
The card also comes with 24/7 fraud monitoring, which observes your card for fraudulent activity. The Bendigo & Adelaide Bank Low Rate Mastercard also has a no liability policy, which means card holders are not held responsible for unauthorised transactions.
- Free additional cardholders
- Interest calculated from statement date
- Access to Mastercard Priceless Cities
- Charges an annual fee
- No rewards scheme
- No frequent flyer points
Who is it good for?
The Bendigo & Adelaide Bank Low Rate Mastercard is best for potential card holders who want low rates and reasonable fees. The card boasts relatively low interest rates and a moderate interest-free period, which may be an incentive for those who struggle to pay their credit card bill in full each month. Unlike other cards, this card calculates interest from the statement date rather than the purchase date. This card also charges a moderately low annual fee, which may be attractive to customers who wish to minimise costs.
The Bendigo & Adelaide Bank Low Rate Mastercard is not a rewards card, which means that potential card holders in search of rewards should consider looking elsewhere. The card does not earn points on eligible purchases, nor can it accumulate frequent flyer points.
What RateCity says
The Bendigo & Adelaide Bank Low Rate Mastercard may be a sensible choice for budget card holders. Customers who tend not to pay their bill in full might appreciate the moderately low interest rates as well as the card’s policy of charging interest from the date of the statement instead of the date of the purchase. The rates, as well as the moderate number of interest-free days, may help budget card holders save money over a number of months.
However, the Bendigo & Adelaide Bank Low Rate Mastercard provides few advantages to potential card holders who pay their bill in full each month. The card does not have a rewards scheme, which may deter those who want to earn points or frequent flyer miles for their purchases. Customers looking to minimise associated fees may be better off with a card that does not charge an annual fee.
Customers can apply for the Bendigo & Adelaide through a secure online application. To be eligible, you must be at least 18 years old and be an Australian citizen or permanent resident. You must also have a good credit rating. While applying, you’ll need to provide personal information including photo identification, as well as financial details. Customers who don’t wish to complete the online application can also apply over the phone or at a Bendigo Bank branch.
About Bendigo & Adelaide Bank
Bendigo & Adelaide Bank’s history spans over 150 years, with their beginnings linked to two separate banks in Bendigo, Victoria and Adelaide, South Australia. Both banks began as building societies before joining forces to become a larger Australian financial institution. Bendigo & Adelaide Bank now offer a range of financial services, including credit cards, bank accounts, personal loans, insurance and superannuation. Bendigo & Adelaide Bank serve over 1.5 million customers across the country.
A property and personal finance writer, Nick Bendel covers property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.
The numbers on your credit card actually follow a universal standard which is used to identify specific functions. Each credit card has a different amount of numbers. Visa and Mastercard have 16, American Express has 15 and Diner’s Club has 14.
The first number on a credit card always identifies what type of credit card it is. Visa cards start with a 4, whereas Mastercard starts with a 5 and American Express with a 3. The remainder of the digits represent the account number, including the last number which is used to verify that your credit card is actually valid.
Credit cards also have additional verification numbers, which are mainly used when the card isn’t present for phone and online purchases. These are the three-digit numbers on the back of Visa and MasterCard or the four-digit numbers on the front of an American Express card.