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Bendigo Ready Credit Card
Bendigo Ready Credit Card

Bendigo Bank Credit Cards

Bendigo Ready Credit Card

Updated 24 March 2024

Looking for swanky champagne style on a beer budget? The Bendigo Ready is all platinum-level extras with no annual fee - ever. You won’t pay international transaction fees, and you’ll get free insurances like international travel. You might find this card worth a look if you want a low-cost credit card, frequently travel or spend overseas.

Purchase Rate (p.a)

19.99%

Balance Transfer (p.a)

19.99%

Annual Fee (p.a)

$0

$0 over 99 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • $0 annual fee
  • No international transaction fees
  • Platinum international travel insurance included
  • Purchase protection insurance
  • Extended warranty insurance
  • 55 days interest-free
  • Low minimum credit limit of $3000
  • Syncs with a plethora of digital wallets such as Apple Pay, Samsung Pay, Google Pay, Garmin Pay and Fitbit Pay

  • Interest rate is 19.99% (a standard but high rate)
  • Interest on cash advances is 19.99% plus a 3% or $3 cash advance fee (whichever is greater)
  • 19.99% interest on balance transfers

Creditcard.com.au review

Editor Review

Bendigo Ready 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 Bank Ready Credit Card

I’m giving Bendigo Bank an appreciative little nod for how it structured the Bendigo Ready card. It sits nicely in the middle of the credit card market. There’s no annual fee which is great if you’re a first-time ‘credit carder’ or want an emergency fund in your pocket, but it still comes with premium extras that can actually save you money (no international fees, for example).

Here’s how the Bendigo Ready card works.

What we love…

No annual fee. Like an even rarer bird, there is no annual fee. Most cards with no annual fee don’t come with any features, especially complimentary insurances.

No international fees. Particularly useful if you travel a lot or spend money online on international sites, the fee-free foreign currency conversion could save you some cash. Most cards charge around 3% for each transaction.

Purchase protection insurance. Usually reserved for its platinum cards, Bendigo’s purchase protection covers eligible items you bought with your card that are accidentally damaged, permanently lost or stolen. The insurance will pay back the lesser of the original purchase price or up to $5000 (maximum of $25,000 per year). You’ll have to pay a $250 excess for each claim.

Extended warranty insurance. This insurance extends a 1 to 4 year warranty by the same timeframe as the original warranty, starting from the date the manufacturer's warranty expires. For example, a one-year warranty would be extended by another year. A $250 excess applies for this insurance, too.

55 days interest-free. Once the 18-month promotional period ends, you’ll move onto Bendigo Ready’s standard 55 days interest-free. That means you won’t pay interest for 55 days from the start of each statement period on new transactions. Ultimately, if you pay off your balance each month, the 55 days grace means you won’t need to pay interest at all.

What’s not so great…

You’ll pay some fees, but they’re fairly stock-standard. For instance:

  • Cash advances (where you withdraw money from the card) are charged at 19.99% interest
  • Balance transfers revert to 19.99% interest
  • If you’re late on repayments you’ll pay a $15 fee

Other features

  • Bendigo Bank has an app called My Bank, where you can activate your card, manage your account and instantly block your card if it’s lost or stolen.
  • Bendigo Bank cards can sync with Apple Pay, Samsung Pay, Google Pay, Garmin Pay and Fitbit Pay for Tap & Go payments from your phone or watch. It uses Mastercard Identity Check, Visa Secure and eftpos Secure to protect you from fraudulent purchases online.

Why should you choose this card?

I said the Bendigo Ready sits in the middle of the market, but it’s also a bit of a standout. It’s got some sparkle. It has no annual fee but still flaunts money-saving features that only Bendigo Bank’s platinum cards have.

While it’s a good all-rounder card, it mostly stands out for those looking for low ongoing costs, an emergency fund, a first-time card, a traveller’s friend or a way to save on overseas fees.

User reviews

Bendigo Ready Credit Card ( based on 2 Creditcard.com.au user reviews )

90% rating based on 2 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 19.99% p.a.

Cash advance rate 19.99% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 19.99% p.a. for 99 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

Brands you can't balance transfer from Bendigo Bank

Credit limits

Minimum credit limit $3000

Maximum credit limit $50,000

Fees & repayments

Annual fee $0 p.a.

Additional cardholder fee $0 p.a. (no limit)

Foreign transaction fee 0%

Minimum repayment $10 or 3%, whichever is greater

Cash advance fee $3.00 or 3% of the transaction amount, whichever is greater

Late payment fee $15

Additional features

Complimentary insurance

International Travel Insurance Yes - up to 3 months

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

Overview

Bendigo Ready Credit Card

Key features

  • $0 annual fee
  • No international transaction fees
  • Platinum international travel insurance included Purchase protection insurance
  • Extended warranty insurance
  • 55 days interest-free
  • Low minimum credit limit of $3000
  • Syncs with a plethora of digital wallets

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, 489, 491, 494 and 482 (short term stream not included), 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 our credit card expert a question.

39 questions (showing the latest 10 Q&As)

Susanne

Susanne

4 July 2024
I always put a credit balance onto my credit card before I travel overseas. My question is .. if I do this do I still get charged the Cash Advance fee if I withdraw money off this card from an overseas atm machine.
    Pauline - CreditCard.com.au

    Pauline

    5 July 2024
    Hi Susanne, that’s an interesting tactic and it used to be really handy with the 28 Degrees card. Unfortunately those days are long gone and you’ll get charged a cash advance fee and interest rate withdrawing at an overseas ATM. If you’re travelling and want to access your cash in a more convenient way, the Wise Travel Money Card or the HSBC Everyday Global Account could come in handy. Safe travels Susanne!
TOB

TOB

24 June 2024
To set up automatic payments, do I need to have a Bendigo accout or can I set those up using a different bank’s account?
    Pauline - CreditCard.com.au

    Pauline

    25 June 2024
    Hi TOB, usually you can set up a direct debit from any account. Bendigo’s website says “Set up an automatic direct debit from your transaction account” and doesn’t specify that it has to be a Bendigo one. You could always call to double-check. Thanks!
Paul Ratcliffe

Paul Ratcliffe

22 June 2024
Am I able to download transactions from my credit card into CSV format file for me to save my transactions into an Excel file? Thanks
    Pauline - CreditCard.com.au

    Pauline

    25 June 2024
    Hi Paul, Bendigo Bank’s website says you can download transactions in multiple formats including CSV, Quicken, MYOB and PDF. Thanks!
Lucy

Lucy

30 May 2024
My son is planning on going overseas in a few months , can he use this card for accommodation and everyday expenses, my understanding is there is no exchange fee when using the card aboard
    Pauline - CreditCard.com.au

    Pauline

    31 May 2024
    Hi Lucy, that’s a good question! Yes, your son can use the Bendigo Ready Credit Card for accommodation and everyday expenses while overseas. All while being charged no foreign transaction fees when using the card abroad. Safe travels to your son!
Gail

Gail

5 April 2024
I am interested in your Bendigo Ready Credit card but I am travelling in one week am I able to get the card in that amount of time?
    Pauline - CreditCard.com.au

    Pauline

    9 April 2024
    Hi Gail, you'll be cutting it very close to being approved, as the whole process can take between 7-10 days and then up to 2 weeks for your card to arrive in the mail. You could consider comparing a range of debit cards (which don't have an approval time) like the Wise Travel Money Card or the HSBC Everyday Global Account. Have a great trip Gail!
Lena

Lena

9 March 2024
Hi Pauline, what are the options to pay for the credit card ? Are there fees to pay for the credit card ?
    Pauline - CreditCard.com.au

    Pauline

    12 March 2024
    Hi Lena, you have several convenient options to pay for your credit card, including online payments through Bendigo’s website or mobile app, setting up automatic payments, or visiting a Bendigo branch. Regarding fees, there are typically no fees specifically for making payments on your credit card. However, depending on the financial institution and method you use, there may be a minimal fee and I suggest checking that with your financial institution to be sure.
Anne Considine

Anne Considine

4 March 2024
What information do you need from me to apply for a credit card?
    Pauline - CreditCard.com.au

    Pauline

    4 March 2024
    Hi Anne, when you apply for a credit card you'll need to provide at a minimum: 100 points of ID, evidence of your income and any other debts you are paying off. Other credit providers might ask for other details and these will be listed on the application form when you are applying. Hope this helps!
Dianne

Dianne

15 October 2023
Can I start using the card once approved before I actually have the card i.e. mailed out to me
    Pauline - CreditCard.com.au

    Pauline

    17 October 2023
    Hi Dianne, good question! I looked into it, and the answer is yes, you can use it even before you get the actual card. However, the early add to your digital wallet is currently only on iPhones.
bibin

bibin

9 October 2023
Bendigo Ready Credit Card does this card has 0 foreign transaction fee for online transactions
    Pauline - CreditCard.com.au

    Pauline

    13 October 2023
    Hi Bibin, the Bendigo Ready card offers a no foreign transaction fee for purchases made overseas, or within Australia with overseas merchants, or online.
jackelder

jackelder

22 September 2023
With Bendigo Ready Credit Card, is there a minimum spend per month to qualify for fee free account
    Pauline - CreditCard.com.au

    Pauline

    25 September 2023
    Hi Jackelder, there’s no minimum spend required as the Bendigo Ready credit card offers a no annual fee for life.
Sally

Sally

11 September 2023
Hi Pauline I understand the Bendigo Ready Credit Card doesn't charge international transaction fees but does it have competitive exchange rates or does it claw back fees by using exchange rates that are not the best market offering? Thanks Sally
    Pauline - CreditCard.com.au

    Pauline

    12 September 2023
    Hi Sally! Great question. The Bendigo Ready card uses the Mastercard exchange rate, but it doesn’t say whether it adds any markup. Generally speaking, it isn’t unusual for banks and money transfer services to add an extra fee on conversions. You could ask Bendigo directly and see what they say. Thanks Sally!
kim

kim

9 September 2023
do you have to be a bendigo customer to get a credit card from you and can yo apply online
    Pauline - CreditCard.com.au

    Pauline

    11 September 2023
    Hi Kim, you don't need to be an existing Bendigo customer to apply for a credit card. You just need to ensure that you meet all the eligibility criteria. Additionally, yes, you can apply online through Bendigo's official website.
Sporle Peter

Sporle Peter

28 August 2023
Can I pre load this card with Bali money
    Pauline - CreditCard.com.au

    Pauline

    30 August 2023
    Hi Peter, this card only uses AUD. It does have fee-free currency conversion on purchases though, so you wouldn’t pay a conversion fee if you’re spending in Bali. Thanks!
patsubs@optusnet.com.au

[email protected]

14 August 2023
what are the exchange rates like on overseas purchases
    Pauline - CreditCard.com.au

    Pauline

    15 August 2023
    Hi Pat, most credit cards use either Visa or Mastercard exchange rates. This Bendigo card would use Mastercard. However, Bendigo may add its own processing fee to the rate as well, making it slightly less competitive than a mid-market rate (you would have to weigh it up against the convenience of being able to tap anywhere in the world). Thanks Pat!
Jonathon

Jonathon

14 July 2023
Hi there, I'm making an enquiry for a friend. Their salary is $43k and work as a contractor. What credit card could they apply for?
    Pauline - CreditCard.com.au

    Pauline

    17 July 2023
    Hi Jonathan, we actually can’t recommend one card over another as it depends on several factors like what your friend is looking for in a card, how they’ll use it, etc. They can however check out some of the lower income required credit cards that may be available in that income bracket. Hope that helps!
Henricus van Roy

Henricus van Roy

5 July 2023
Many! Does this card have Flyer points? Automatic payment of balance facility? I have no credit rating as I always pay cash Dunn & Bradstreet do not know me. (I have no mortgage and over $250k in savings). Do I need to give up my current card (Westpac Altitude Black)? (I intend to give this up as they have increased the annual fee to $300 from next renewal). Ta in advance!
    Pauline - CreditCard.com.au

    Pauline

    6 July 2023
    Hi Henricus, they’re all great questions. Your first stop should be to obtain a copy of your credit file from one of the agencies in Australia - Experian or Equifax. Here you’ll get an idea of where you stand with the credit providers. This card from Bendigo doesn’t earn frequent flyer points, but the Bendigo Bank Qantas Platinum Credit Card lets you earn Qantas points and the Bendigo Platinum Rewards Credit Card earns you Bendigo Rewards Points. There’s many ways to pay your balance each month and setting up an automatic direct debit from your transaction account is one way. Depending on your creditworthiness and debt-to-income ratio you may not have to give up your Westpac card, but this is something you’ll have to decide on yourself. Thanks for your great questions!
Alan Chugg

Alan Chugg

3 July 2023
How do I request this credit card?
    Pauline - CreditCard.com.au

    Pauline

    4 July 2023
    Hi Alan, we currently don’t have an active partnership with Bendigo Ready card but you can visit their official website to complete an application. You can also check out some of the other similar no annual fee cards for alternatives.
Ludge

Ludge

2 June 2023
if I use this card in UK to rent a car eg. 1300 pound will I be charged this 19.99% or is the transaction free,and withdrawing money from a bank.Does the card automatically issue funds back to $3,000 or do I have to do it via my bank.
    Pauline - CreditCard.com.au

    Pauline

    6 June 2023
    Hi Ludge, this card has 55 days interest-free on it, which means you won't be charged interest on the car hire until 55 days after the start date of the statement period (30-day statement period + 25 extra days grace). If you pay it off before then, you won't pay any interest at all. You'll only be charged withdrawal fees if you're withdrawing from an ATM/eftpos facility or doing a 'cash advance', which would include Pay Anyone payments, gambling transactions and internal transfers between Bendigo accounts. Spending on your card 'eats into' your $3000 credit and when you make a payment, that amount is 'topped up' on your card again. I hope that helps explain some things Ludge!
Britt

Britt

23 May 2023
Do you know how I can securely activate the travel insurance on the B Ready Card and have proof of this, after I’ve spent the minimum amount on travel expenses before leaving Aus, I don’t feel certain of what I’m covered for. I know it’s online but it’s very long and nobody has been able to tell me if I’ll get a notification etc. Thank you!
    Pauline - CreditCard.com.au

    Pauline

    25 May 2023
    Hi Britt, as soon as you meet all the eligibility requirements for the travel insurance, it’s automatically activated. And looking at Bendigo's official complimentary insurance T&Cs PDS, coverage includes international, flight inconvenience, transit accident, purchase protection, extended warranty, rental vehicle excess in Australia insurance. It’s best to give Bendigo or Allianz (Bendigo’s insurance underwriter) a call to inform them of your planned trip.
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