Low Rate Platinum Credit Card card image

Bendigo Bank Low Rate Platinum Credit Card

Advertiser disclosure
Purchase rate
11.99% p.a.
Balance transfer rate
0% p.a. for 6 months and then 11.99% p.a.
Annual fees
Interest free days on purchases

Mozo editorial review Bendigo Bank Low Rate Platinum Credit Card - last updated: 23 October 2020

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What's hot
  • 11.99% purchase rate
  • Complimentary mobile and tablet insurance
  • Double 2020 Mozo Experts Choice Award winner
What's not
  • $15 late payment fee
Mozo snapshot

Bendigo Bank’s Low Rate Platinum Credit Card is a low rate card with all the perks of a platinum product. If you’re after a credit card that not only offers attractive rates but also makes the protection of your purchases a priority, this piece of plastic is absolutely worth considering. It also won two 2020 Mozo Experts Choice Award in the best Low Rate Platinum Credit Card and best Balance Transfer Platinum Credit Card categories. 

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Key features

This credit card seriously delivers when it comes to rates. First of all, the purchase rate sits at 11.99% and you’ll also get 55 days interest free if you’re paying off your entire balance on time each month.

Another feature of this card is the low 13.99% cash advance rate, which means, if you absolutely need to turn this credit into cash, you won’t be hit with the 20%+ rate that some other cards charge. And if you find yourself needing to pay off a small debt from a previous credit card, this one comes with a 0% balance transfer offer for 6 months.

All credit cards come with a few fees, but Bendigo has made them manageable with its Low Rate Platinum Credit Card. There's an $89 annual fee and if you’re tardy with your repayments you’ll also be hit with a $15 late payment fee. With this card, you’ll pay a 0.50% or $3.25 cash advance fee (whichever is higher) and you’ll also be charged a 3.00% foreign exchange margin to use piece of plastic during your overseas adventures.

Rates and fees aside, this credit card packs a punch with its additional benefits. You’ll get 90 days worth of purchase protection for your precious new toys and if your newly-purchased mobile phone occupies a special place in your heart, you can rest easy knowing that Bendigo are willing to insure both your smartphone and tablet up to the value of $1200.

Who is it good for

If you’re in the market for a low rate credit card that will benefit you beyond the point of purchase, the Bendigo Bank Low Rate Platinum Credit Card could be the perfect option for you.

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Any catches

Just keep in mind there is a late payment fee of $15 and after your first year of owning the card, you’ll have to splash out the $89 annual fee to keep your paws on this piece of plastic.


Rates and fees information correct as at 17 September 2021 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

11.99% p.a.


0% p.a. for 6 months and then 11.99% p.a.


13.99% p.a.








0.50%, Min $3.25










Payment options

Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

Rewards privileges

Extended Warranty,
Purchase Protection

Other benefits

Mobile phone and tablet insurance protection if you lose your device or break the screen.

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About Bendigo Bank