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Bendigo Platinum Rewards Credit Card
Bendigo Platinum Rewards Credit Card

Bendigo Bank Credit Cards

Bendigo Platinum Rewards Credit Card

Updated 24 October 2019

With the Bendigo Platinum Rewards Mastercard you earn 1.5 Bendigo Bank Rewards points for every dollar spent. Up to 180 days international travel insurance in any 12 month period. No fees for additional cardholders.

Points Earn Rate (per $1 spent)

1.5 points

Rewards

Rewards Program

Bendigo Bank Rewards

Bonus Points

N/A

0 points over 12 months spend

My monthly card spend

Pros and cons

  • 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
  • 0% p.a. balance transfer for 6 months. Purchase interest rate applies thereafter.
  • Eligible with Google Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay

  • 19.99% p.a. on purchases

Creditcard.com.au review

Editor Review

Bendigo Platinum Rewards Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. 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 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.

Overall Rating

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.

User reviews

Bendigo Platinum Rewards Credit Card ( based on 1 Creditcard.com.au user review )

87% rating based on 1 review

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.

Cash advance rate 21.99% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 6 months

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 limt $6,000

Maximum credit limit $50,000

Fees & repayments

Annual fee $89 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment $10 or 3%, whichever is greater

Cash advance fee 0.5%

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 No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance No

Extras

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

Overview

Bendigo Platinum Rewards Credit Card

Key features

  • 19.99% p.a. on purchases
  • $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

  • Resident or citizen of Australia

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

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

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

17 questions (showing the latest 10 Q&As)

Alma Jackson

Alma Jackson

17 May 2019
My husband has rewards for his credit card use. How do I get that too?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 May 2019
    Hi Alma, only the primary card holder will have access to the redeeming rewards. Though your husband can provide you with access to this. If you are a secondary card holder then all the points will go to the primary holder. If you have your own separate credit card account. Then you can get access to the Bendigo Platinum Rewards program. You can apply for the Bendigo Platinum rewards card directly on their site - https://www.bendigobank.com.au/public/personal/credit-cards/platinum-rewards-mastercard
p

p

13 May 2019
Thanks Roland at least we have learned something . Interesting that the Bendigo bank is a community focused entity and the Commonwealth bank credit card limit is 80.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 May 2019
    Hi P, its locked in my brain now. Though the banks are updating these types of restrictions at different times. So its always worth checking the current PDF to see if anything has changed. Enjoy your trip.
P Broadley

P Broadley

13 May 2019
Thank you Roland but perhaps I am misunderstanding the terms of the policy as described in this section General Exclusions (10) page 7 (r) of the document ..............(any cause if You are over seventy-five (75) years of age. This will not prejudice any entitlement to claim benefits which has arisen before You attain the age of seventy-six (76) years.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 May 2019
    Hi P - you are right there - most are 80 - sorry I didn't look in detail. Thus providing the link to check through all eligibility factors. What age do you need travel insurance up to?
P Broadley

P Broadley

10 May 2019
Is there a age limit on the card? and does it cover car hire in Britain
Gary McConnell

Gary McConnell

29 April 2019
My wife and my self have platinum cards, are we automatically covered for overseas travel insurance or do we need to register
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 April 2019
    Hi Gary, I found this PDF on the Bendigo Bank website that details the eligibility requirements among other information on the overseas travel insurance with this card - https://www.bendigobank.com.au/public/__data/assets/pdf_file/0008/351296/Credit-Card-Insurance-T-Cs.pdf. Bottom line is you are not automatically covered. Just grabbing the activation part - 1. Activation of Overseas Travel Insurance. Cover is effective where the total value of the return overseas travel ticket for your journey was obtained prior to the commencement of your journey and was charged to your credit card account. The use of frequent flyer or reward type points does not activate cover. Cover is also available to the cardholder’s spouse and/or dependants, providing in each case that they travel with the cardholder for the entire journey, and their return overseas travel tickets were obtained prior to the commencement of the journey, by use of the credit card account. Cover is provided for a journey that does not exceed ninety (90) consecutive days from the date you leave your home or place of business to commence your journey. Cover is limited to a maximum of one hundred and eighty (180) days during any twelve (12) month period. For the avoidance of any doubt, you will not be eligible for any cover if your journey exceeds a period of ninety (90) consecutive days
Marg Greenwood

Marg Greenwood

4 December 2018
Do I have to activate my Credit card to get the free travel insurance.?
Marg Greenwood

Marg Greenwood

28 November 2018
I an going on a tour of Vietnam and Cambodia ,just wanting to know if I will be covered. I don't have any previous illnesses, and am 72 yrs young..Thank you for a reply.. 8
tony thus

tony thus

14 August 2018
I have a Platinum Bendigo Master card. doe that automatically mean we have paid $89 for travel insurance coverage, or is that an extra?
Torrie

Torrie

6 August 2018
What is the capping on this credit card. Platinum rewards credit cards.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 August 2018
    Hi Torrie, the good news with the Bendigo Platinum rewards card is that there is no cap or threshold. You will earn 1.5 points per $1 spent. 36,667 points will get you a $100 gift card at some major national retailers as an example of points return.
David

David

15 June 2018
My question relates to cash advances. I would intend to use this credit card as a “bills account” and pay it off at the end of every month. It would simply act as a balance sheet for my bills with the bonus of reward points. I’m interested in the cash advance as I would intend to pay my mortgage from the credit card - again, maximising the reward point earning, but paying it off before the end of the month. Would this get a penalty? What’s the issue with cash advances? Do you still get financially penalised even if you pay it off early?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 June 2018
    Hi David, unfortunately the cash advance angle does not work. With all cash advances you get charged interest straight away. Therefore the plus 20% rate is much higher than your mortgage. Thus not worth it. Additional to this you are hit with cash advance fees. Typically around 3% of the transaction value.
BenJ

BenJ

14 April 2018
How useful is the Bendigo Rewards programme? Can one covert points to something useful?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    16 April 2018
    Hi Ben, best to check out the actual Bendigo bank rewards program itself and see what it delivers. https://rewards.bendigobank.com.au/. This way you can review whether the program could be suitable for you.
Julene Loving

Julene Loving

20 March 2018
Are we insured with our Bendigo Platinum Card when booking for holiday now in New Zealand for end of year if anything unforseen happens in meantime? Do we get refund on airfares and hiring of campervan?
Anthony Knight

Anthony Knight

25 January 2018
Does the 180 days travel ins cover apply to one trip per year if only travelling on 10 - 21 day length trips
Marion

Marion

15 June 2017
will this card be capped at 5000 points per month from the 1/7/2017?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    15 June 2017
    Hi Marion, I am not familiar with the changes that will be implemented by Bendigo. Though if you have received something stating this, then it is likely. If you are not happy with the cap, then look for a card that does not have points capping or even a higher cap.
Kieron

Kieron

21 November 2016
Can I apply for this?
kylie

kylie

31 July 2016
hi can you tell me what you can us my points on ?
helen

helen

1 June 2016
Is there anyway i could get a 4000 dollar credit card on a disabilty pension
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 June 2016
    Hi Helen, credit limits are assigned at the point of application, therefore you can never be sure of the limit you will receive. If you meet the minimum requirements for a card and have good credit, then its worth applying and seeing how it goes.

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