The Bendigo Bank Low Rate Platinum Credit Card
When comparing credit cards, it’s a good idea to think about what you actually want in a card – and what you are willing to pay for it. While for some people saving money is the most important factor, for others, features and extras are where it’s at.
For the most part, you will find cards either offer you the ability to keep costs low, or they offer you extras such as features and rewards. Now and then, however, you may just find a card that offers you the best of both worlds.
Offering a low rate and a nice selection of features, the Bendigo Bank Low Rate Platinum Credit Card is one such card. So, if you want to save on interest while enjoying some very handy extras, this card could indeed be the credit card for you.
What we love...
Having reviewed one or two platinum credit cards in our time, at creditcard.com.au, we know platinum perks can be wide-ranging. Some platinum cards are simply stuffed with perks, while others offer just one or two select extras.
As this is a low rate card – with a relatively low annual fee – you know that the Bendigo Bank Low Rate Platinum Credit Card keeps things simple. So, what do you get in the way of platinum perks on this card?
One of the big ticket features on this card is its mobile phone and tablet insurance, allowing you to make a claim if you lose your device or break its screen. Bear in mind that to be eligible for this protection, you need to either use your card to buy the device outright, or pay with installments on your card.
Other useful extras on the Bendigo Bank Low Rate Platinum Credit Card include extended warranty on purchases, best price guarantee, and 90 day purchase protection, helping to give you some extra peace of mind when using your card.
Of course, what makes these extras special is the fact that you’re not paying through the nose to enjoy them. Unlike certain other platinum cards, the Bendigo Bank Low Rate Platinum Credit Card has a super low rate of interest on purchases, and it has an affordable annual fee.
What’s not so great...
Any time a credit card offers you extra protection in the form of insurance, it’s a good idea to check the small print before you rely on its cover.
For example, the mobile phone and tablet insurance on this card has a limit of $200 on screen breakage, and there is an excess of $50 on all claims made. Similarly, if you want to take advantage of the card’s extended warranty or purchase protection, you will have to pay an excess of $250 for each claim.
Why should you choose this card?
Needless to say, the Bendigo Bank Low Rate Platinum Credit Card has plenty to offer. As a cardholder, you can benefit from an affordable annual fee and a low rate purchase rate, with up to 55 days interest free on purchases.
You can also take advantage of 24/7 fraud monitoring and no liability for unauthorised transactions, no fees for additional cardholders and a low platinum card minimum credit limit of $3,000. And of course, your card has in-built contactless payment technology, and is accepted at more than 43 million locations worldwide.
An affordable platinum option with a low purchase rate and relatively low annual fee, offering a decent array of platinum perks, including mobile and tablet insurance, purchase protection and extended warranty.