Bendigo Bank is changing how its Platinum Rewards and Qantas Platinum cards earn points from 23 November 2026. The Qantas card will also cost more each year, so it’s worth checking what you’ll actually get from your usual spending.

What is changing on the two cards?

Here’s the before and after. Bendigo Rewards points and Qantas Points belong to different programs, so their numbers aren’t a like-for-like measure of value.

Platinum Rewards stays uncapped. The Qantas cap stays at 20,000 points per statement period. Bendigo says core benefits and complimentary insurances remain unchanged; eligibility and policy conditions still matter.

From 23 November 2026, Platinum Rewards earns 1.0 point per $1 domestically and 2.0 internationally, compared with 1.5 today. Qantas Platinum drops from 0.6 to 0.5 Qantas Points per eligible $1; its 20,000-point statement-period cap stays the same, while Platinum Rewards remains uncapped.

Which cards are affected?

The notice covers the Bendigo Platinum Rewards Credit Card and the Bendigo Bank Qantas Platinum Credit Card. It isn’t a notice for every Bendigo card.

If you hold one, read the formal notification Bendigo sends you. The public announcement gives a start date but doesn’t explain when an existing account will first be charged the higher annual fee. Ask the bank how it applies to your renewal rather than assuming a charge will land on 23 November.

What does it mean for your everyday spending?

Let’s use $2,000 of eligible spending. These are illustrations of points earned, not a suggested spending target:

• Platinum Rewards, all domestic: $2,000 × 1.5 earns 3,000 Bendigo Rewards points now. At 1.0, it earns 2,000: a drop of 1,000 points.
• Platinum Rewards, all international: $2,000 × 1.5 earns 3,000 points now. At 2.0, it earns 4,000: an increase of 1,000 points before considering fees.
• Qantas Platinum: $2,000 × 0.6 earns 1,200 Qantas Points now. At 0.5, it earns 1,000: a drop of 200 points.

On $2,000 of eligible spending, Platinum Rewards changes from 3,000 to 2,000 points for domestic purchases or from 3,000 to 4,000 for international purchases. Qantas Platinum changes from 1,200 to 1,000 Qantas Points. International transaction fees still apply.

If your spending is mostly groceries and bills in Australia, the higher international rate may do little for you. Work from your own statements. There’s no need to rearrange your shopping just to make a rewards card look better on paper.

Should you keep the card or compare alternatives?

Start with what you use. A card can still be useful if its benefits suit you, but points alone don’t settle the question. Compare the ongoing cost with the rewards you can realistically redeem. Include any separately charged program fee when comparing other cards.

Our rewards credit card comparison and Qantas credit card comparison can help you check alternatives. Look beyond the welcome offer to the ongoing earn rate and fees. If you carry a balance, give interest costs plenty of weight too.

“A rewards card should fit the spending you already do. You shouldn’t have to spend more to justify keeping it.”

Final tips before the changes start

Keep your notification handy and check the next statement against it. Before switching, ask about pending points and any benefits you rely on. Then make the decision with the full cost in view, not just the points balance.

Frequently asked questions

General information only, not personal advice. Consider your circumstances and read the relevant Target Market Determination (TMD), fees and T&Cs before applying or changing cards. Source: Bendigo Bank’s change announcement and our linked card reviews. Card details correct as at 4 November 2026 and can change. Examples assume eligible spending at the stated rates and exclude fees and interest.