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Bendigo Platinum Rewards Credit Card
Bendigo Platinum Rewards Credit Card

Bendigo Bank Credit Cards

Bendigo Platinum Rewards Credit Card

Updated 8 November 2021

Save with 0% interest on purchases for the first 12 months. Earn 1.5 Bendigo Bank Rewards points for every dollar spent. Enjoy up to 180 days of international travel insurance in any 12 month period plus, $0 fees for additional cardholders.

T&Cs apply. Offer ends 28 February 2022

Points Earn Rate (per $1 spent)

1.5 points

Rewards

Rewards Program

Bendigo Bank Rewards

Bonus Points

N/A

Pros and cons

  • 0% p.a. on purchases for up to 12 months from account opening
  • Earn 1.5 Bendigo Bank Rewards points for every dollar spent
  • Up to 180 days international travel insurance in any 12 month period
  • Extended warranty on purchases when using your credit card
  • 90-day Purchase Protection on stolen or accidentally damaged purchases when the total cost is charged to your credit card
  • 24/7 fraud monitoring and no liability for unauthorised transactions
  • Interest is calculated from the statement date, not from when you made the purchase
  • Up to 55 days interest free on purchases
  • No fees for additional cardholders
  • Eligible with Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay

  • Reverts to 19.99% p.a. standard purchase interest rate
  • No bonus points offer

Creditcard.com.au review

Editor Review

Bendigo Platinum Rewards Credit Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt about this card.

The Bendigo Platinum Rewards Credit Card

Offering a straightforward rewards program and a nice selection of complimentary insurance covers, the Bendigo Platinum Rewards Credit Card could be a great choice if you’re looking for a basic platinum credit card.

While it may not blow you away with extraordinary features, this card has a money-saving introductory offer of 0% p.a. on purchases for up to 12 months from card account opening. The Bendigo Platinum Rewards Credit Card keeps costs low with an affordable annual fee while providing you with a decent earn rate plus, access to Bendigo’s own Rewards program.

What we love...

At the top of the list is, of course, its 0% p.a. on purchases intro offer. This means you won’t pay any interest on purchases you make during the first 12 months from account opening. If you are planning to make a big purchase, you could benefit from this offer - allowing you to settle your debt over a longer period of time without incurring any additional costs. To take advantage of this interest-free purchase rate offer, you need to apply by 28 February 2022.

Another great thing about the Bendigo Platinum Rewards Credit Card is its simplicity. Unlike some other platinum rewards cards that have convoluted features and complex rewards earning structures, it’s pretty easy to know where you stand with this card.

When it comes to earning rewards, the earn rate structure is simple. For every $1 you spend on eligible purchases, you will earn 1.5 Bendigo Rewards points. When you rack up enough points, you log in online to the Bendigo Rewards site and choose the rewards you want. From travel rewards to merchandise and gift cards, being rewarded is easy on this rewards program.

As for platinum perks, on this card, that means insurance cover. As a cardholder, you can benefit from up to 180 days of comprehensive travel insurance, as well as an extended warranty on purchases, a best price guarantee, and 90 days of Purchase Protection on lost, stolen, or damaged purchases.

It is worth pointing out that before relying on any credit card insurance cover, you should always read the PDS to ensure it offers everything you need.

What’s not so great...

One important factor to be aware of with the Bendigo Platinum Rewards Credit Card is its interest rate. To be fair, there aren’t many platinum credit cards on the market with low rates of interest. Unless they are specifically marketed as low rate platinum cards, they generally fall on the higher end of the scale for interest on purchases and cash advances.

It is important to note that after the 12-month 0% p.a. introductory period, any remaining purchase balance will revert to the standard purchase interest rate of 19.99% p.a. As long as you always clear your purchases before the intro period ends, the card’s interest rate shouldn’t be an issue. It's always a good idea to set up a payment plan and pay more than the minimum, as much as possible, to pay off your balance faster.

Currently, Bendigo Platinum Rewards Credit Card does not provide any bonus points offer therefore, you will not receive any fantastic incentive if you apply now. Nevertheless, the existing features are attractive enough for you to enjoy a rewarding facility.

Why should you choose this card?

While it may not be packed with features, the Bendigo Platinum Rewards Credit Card has plenty to offer anyone who wants a simple platinum credit card with a decent rewards program. It keeps costs low with an affordable annual fee and has no fees for additional cardholders. This provides an easy way to earn extra points without any extra outlay.

New cardholders can take advantage of the 0% p.a. on purchases for the first 12 months from account opening if they apply by 28 February 2022.

They can also enjoy a relatively low minimum credit limit of $3,000, the convenience of contactless payments with Mastercard PayPass, and worldwide acceptance through Mastercard’s extensive payment network.

Overall Rating

An easy-to-understand platinum rewards card, offering 0% p.a. on purchases for the first 12 months, a decent earn rate on the Bendigo Rewards program, and a great selection of complimentary insurance covers.

User reviews

Bendigo Platinum Rewards Credit Card ( based on 3 Creditcard.com.au user reviews )

45% rating based on 3 reviews

Rates
Fees
Rewards
Customer Service
Value
87%

Creditcard.com.au Visitor

5 December 2017

While the interest rate is high, this does not bother us as we pay off the account each month, plus the annual fee is only $59 for share holders of Bendigo Bank. When our credit card account was hacked and used fraudulently Bendigo Bank were quick to put a stop on the card, issue a new card and had the money returned with in 30 days. Great service there. We like the rewards program and can report there is no 5000 point per month limit.

Recommends this card

Rates and fees

Interest rates



Purchase rate 19.99% p.a.

Introductory purchase rate 0

Cash advance rate 21.99% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 21.99% p.a.

Balance transfer revert rate 19.99% p.a.

Balance transfer from personal loan N/A

Balance transfer fee No fee

Balance transfer limit 80% of approved credit limit

Banks you can't balance transfer from Bendigo Bank

Credit limits

Minimum credit limit $3,000

Maximum credit limit N/A

Fees & repayments

Annual fee $89 p.a.

Additional cardholder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment $10 or 3%, whichever is greater

Cash advance fee $3.25 or 0.5% of the transaction amount, whichever is greater

Late payment fee $15

Rewards and points

Rewards program

Rewards Program Bendigo Bank Rewards Bendigo Bank Rewards

Bonus points N/A

Annual points cap uncapped

Bonus points spend criteria N/A

Earning points with this card

Rewards Rewards points 1.5 points per $1 spent

Points cap per month N/A

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance Yes

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance Yes

Extras

Eligible with Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay

Overview

Bendigo Platinum Rewards Credit Card

Key features

  • 0% p.a. on purchases for up to 12 months from account opening. Reverts to 19.99% p.a. standard purchase interest rate.
  • $89 annual fee
  • Up to 55 days interest free on purchases
  • Eligible with Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay
  • Complimentary Overseas Travel Insurance for 180 days
  • Earn 1.5 reward points for every $1 spent on purchases
  • Redeem reward points online for a huge range of goods and services
  • Additional cardholders at no extra cost

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • You must be an Australian citizen or have applied for permanent residency with visa subclasses 188, 457 and 489, and with minimum 12 months remaining.

  • You have your personal details ready to complete the online application

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

22 questions (showing the latest 10 Q&As)

Ryszard

Ryszard

30 October 2021
I want to change my credit card to another one that will include travel insurance. Please provide detailed information on your bank's credit card with this option.
    Pauline - CreditCard.com.au

    Pauline

    1 November 2021
    Hi Ryszard, thanks for your question. You’ve landed on CreditCard.com.au - Australia’s leading credit card site and clarifying we’re not actually Bendigo Bank. We’re not insurance experts but as with most insurance policies there are limits, exclusions and T&Cs attached to it. You can read the detailed information in Bendigo’s PDF file. If the extras are what you need, then the Go to Offer button will take you to apply directly. Safe travels!
Rebecca

Rebecca

18 August 2020
Hi, I saw an offer about spending $3000 in first 1 or 3 months and get extra points, but i cannot find that offer to see if I am eligible as i spent that amount in my first month?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 August 2020
    Hi Rebecca, from memory the offer changed on 5th of August. It was a spend requirement over I believe 2 months. It was 50,000 bonus points. Reach out to Bendigo Bank credit card customer service. https://www.bendigobank.com.au/contact-us/. If you spent the amount within the month. Then you should be eligible for the bonus points. They can take up to 12 weeks to be credited to your account. Though you can reach out to Bendigo to confirm.

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