product logo

Low Rate Mastercard

Compare

Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

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

Compare and review credit cards with similar features

Easy Street Financial Services

Easy Low Rate Visa Credit Card

Basic
Interest Free Days
Interest Free Days
44
Interest Free Days
55
Interest Free Days
55
Interest Free Days
0
Maximum credit limit
Maximum credit limit
$30,000
Maximum credit limit
$15,000
Maximum credit limit
$25,000
Maximum credit limit
$25,000
Minimum credit limit
Minimum credit limit
$6,000
Minimum credit limit
$1,000
Minimum credit limit
$1,000
Minimum credit limit
$1,000
Minimum repayment dollars
Minimum repayment dollars
$30
Minimum repayment dollars
$20
Minimum repayment dollars
$30
Minimum repayment dollars
$20
Minimum repayment percent
Minimum repayment percent
2
Minimum repayment percent
3
Minimum repayment percent
2.5
Minimum repayment percent
2
Number free supplementary
Number free supplementary
4
Number free supplementary
1
Number free supplementary
4
Number free supplementary
Annual Fee
Annual Fee
$49
Annual Fee
$40
Annual Fee
Annual Fee
Late Payment Fee
Late Payment Fee
$10
Late Payment Fee
$25
Late Payment Fee
$30
Late Payment Fee
$15
Over limit fee
Over limit fee
$40
Over limit fee
Over limit fee
$15
Over limit fee
$15
Duplicate statement fee
Duplicate statement fee
$7
Duplicate statement fee
Duplicate statement fee
$10
Duplicate statement fee
$7
Supplementary card annual fee
Supplementary card annual fee
$29
Supplementary card annual fee
$0
Supplementary card annual fee
$0
Supplementary card annual fee
$0
Rates
Purchase Rate
Purchase Rate
11.99%
Purchase Rate
8.99%
Purchase Rate
8.99%
Purchase Rate
8.99%
Cash advance rate
Cash advance rate
21.69%
Cash advance rate
8.99%
Cash advance rate
Cash advance rate
8.99%
Balance Transfer
Balance Transfer Rate
Balance Transfer Rate
0%
for 14 months then 21.69%
Balance Transfer Rate
Balance Transfer Rate
0%
for 12 months then 8.99%
Balance Transfer Rate
Transfer Limit
Transfer Limit
80%
of the chosen credit limit
Transfer Limit
$15,000
max card limit
Transfer Limit
70%
of the chosen credit limit
Transfer Limit
$25,000
max transferable limit
Balance Transfer Fee
Balance Transfer Fee
$0
Balance Transfer Fee
$0
Balance Transfer Fee
$50
Balance Transfer Fee
$0
Overseas spending
Foreign Exchange Fee
Foreign Exchange Fee
3.3% on Visa
Foreign Exchange Fee
3% on Visa
Foreign Exchange Fee
3% on Amex
Foreign Exchange Fee
3% on Visa
Overseas charges
Overseas charges
$5
Overseas charges
$5
Overseas charges
Overseas charges
$2
Estimated ATM Cost
Estimated ATM Cost
$14.9
for AU $300 withdrawal
Estimated ATM Cost
$14
for AU $300 withdrawal
Estimated ATM Cost
Estimated ATM Cost
$11
for AU $300 withdrawal
Rewards
Points Per $1 Spend
Points Per $1 Spend
Points Per $1 Spend
Points Per $1 Spend
Points Per $1 Spend
Eligibility
Minimum income
Minimum income
$35,000
Minimum income
Minimum income
$50,000
Minimum income
Go to siteRead MoreRead MoreRead More

Features

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.

Pros
  • Free additional cardholders
  • Interest calculated from statement date
  • Access to Mastercard Priceless Cities
Cons
  • 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.

Applying/eligibility

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.

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