Key features of the Low Rate First Mastercard
Exclusive for customers 18 - 25 years old
0% p.a. balance transfer for 6 months.‡
$29 annual fee
Low Rate First Mastercard
If you’re 18 to 25 years of age and looking for a low rate credit card, our Low Rate First Mastercard has all the features you need and nothing you don’t. With a low annual fee and one of the lowest interest rates around, this card can help you balance life’s ups and downs.
Download the key fact sheet for this card.
Features & Benefits
- Exclusive for customers 18 - 25 years old.
- No fees for additional cardholders.
- 24/7 fraud monitoring and no liability for unauthorised transactions5.
- Up to 55 days interest free4.
- Interest is calculated from the statement date, not from when you made the purchase.
- Tap & goTM for contactless purchases.
- Use in store, online and withdraw local currency at millions of locations, everywhere Mastercard is accepted.
- Access Mastercard Priceless® Cities exclusive experiences and special offers.
Rates & Fees
- $29 annual fee.
- 0% p.a. balance transfer for 6 months.‡ Purchase interest rate applies thereafter.
- Purchase interest rate 11.99% p.a.
- Cash advance interest rate 13.99% p.a.
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Terms, conditions, fees and charges apply. All information is correct as at 20/6/2019 and is subject to change. Full details available on application. Lending criteria apply. Interest rate and annual fee current at 20/06/2019. Rates and fees are subject to change. Credit provided by Bendigo and Adelaide Bank Limited ABN 11 068 049 178 Australian Credit Licence 237879.
‡Terms, conditions, fees and charges apply. All information, including interest rates and fees, is correct as at 1 May 2020 and is subject to change. Full details available on application. Lending criteria apply.
0% for 6 months balance transfer offer applies to all successful applications for a new Low Rate First, Low Rate Platinum and Qantas Platinum Mastercard completed and submitted between 12:01am AEST 1 May 2020 and 11:59pm AEST 2 August 2020.
At the end of 6 months from account opening, any remaining unpaid balance transfer amount will attract the standard retail purchase interest rate and will receive up to 55 days interest free on the outstanding amount. Offer subject to minimum monthly repayments being made as per your monthly statement and the account not otherwise being in default.
The balance transfer rate will apply to the first balance transferred up to 80% of your approved available credit limit. Please note, the 0% for 6 months balance transfer offer does not apply to any fees or charges associated with the account including the annual fee.
Balance transfers must be processed by Bendigo Bank staff in accordance with this offer and not made via other payment methods including BPAY® or direct deposit. We will not be responsible for any delays that may occur in processing payment to your other card account(s) and will not close the account(s). The balance transfer can only be made to a credit card account held in your own name or a credit card account you hold jointly with another person.
Bendigo Bank may vary or end this offer and it is only available on the Low Rate First, Low Rate Platinum and Qantas Platinum Mastercard. Offer not available to staff or in conjunction with any other Bendigo Bank offer including Qantas Platinum Connect Credit Card and Deals or Shareholder products unless otherwise specified. 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.
The 55-day interest-free period consists of your 30-day statement cycle, plus the 25 days to the payment due date. The number of interest-free days will vary for each transaction, depending on which day in the 30-day statement cycle the purchase is made.
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.