Bendigo Platinum Rewards Credit Card
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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 keeps costs low with an affordable annual fee, while providing you with a decent earn rate and access to Bendigo’s own Rewards program.
What we love...
One of the best things 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 comprehensive travel insurance, as well as extended warranty on purchases, a best price guarantee, and 90 days of Purchase Protection on lost, stolen or damaged purchases.
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.
But, as long as you avoid cash advances and always clear your balance at the end of each statement period, the card’s higher rate of interest shouldn’t be an issue. 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.
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.
It’s also worth pointing out that as long as you clear your balance month to month, you could benefit from up to 55 days interest free on purchases. You 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.
An easy-to-understand platinum rewards card, offering a decent earn rate on the Bendigo Rewards program, and a great selection of complimentary insurance covers.