Bendigo Bank Qantas Platinum Mastercard Review

Earn Qantas Points and enjoy complimentary insurance covers with the Bendigo Bank Qantas Platinum Mastercard.

The Bendigo Bank Qantas Platinum Mastercard offers a range of platinum benefits, including 0.6 Qantas Points per $1 spent on eligible purchases, complimentary international travel insurance, plus it charges an annual fee of $149. Use this review to compare the features, benefits and costs of the Qantas Platinum Mastercard and learn how you can apply.

Product NameBendigo Bank Qantas Platinum Mastercard
Rewards ProgramQantas Frequent Flyer
Purchase rate (p.a.)19.99% p.a.
Annual fee$149 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)21.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$3,000
Card TypeMastercard
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceYes
Minimum Age18 years of age
Available To Temporary ResidentsNo
Annual fee$149 p.a.
Minimum Monthly Repayment3% or $10 per month, whichever is greater
Late Payment Fee$15
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Cash Advance Fee$3.25 or 0.5% of the transaction amount
Overseas Cash Advance Fee$3.25 or 0.5% of the transaction amount
Overseas ATM Withdrawal Fee$5
Additional Cardholder Fee$0

Pros

  • Earn 0.6 Qantas Points per $1 spent.
  • Get up to 55 days interest-free on purchases.
  • This card comes with 180 days comprehensive travel insurance and extended warranty on purchases.

Cons

  • The standard purchase rate of 19.99% p.a. is relatively high if you carry a balance.
Rewards ProgramQantas Frequent Flyer
Rewards Points per $ spent (VISA/MC)0.6

Features and benefits of the Bendigo Bank Qantas Platinum Mastercard

Here are the perks you can get with the Bendigo Bank Qantas Platinum Mastercard:

  • Qantas Points per $1 spent. With this card, you’ll earn 0.6 Qantas Points per $1 spent on eligible purchases up to 20,000 points per month. This includes most everyday spending but does not cover transactions such as cash advances, balance transfers, BPAY payments, business expenses or government charges (including payments to the Australian Tax Office).
  • Waived Qantas Frequent Flyer joining fee. If you’re not already a Qantas Frequent Flyer member you can save on the $89.90 joining fee when you sign up for this card. Just follow the Qantas Frequent Flyer sign-up link provided by Bendigo Bank and complete your enrolment.
  • Complimentary travel insurance. This card offers up to 180 days of comprehensive overseas travel insurance when you use it to pay for your return overseas airfares. Your spouse or children will also be covered when they meet the eligibility requirements. Refer to the Bendigo Bank Qantas Platinum Insurance document on the bank’s website for full details.
  • Complimentary purchase insurance covers. This card offers up to 90 days purchase protection insurance against theft, loss or damage for eligible items you buy with this card. You can also enjoy extended warranty cover for up to 12 months on eligible purchases.
  • Best price guarantee. This cover allows you to get a refund on the price difference when you purchase an eligible item then see it for less within 30 days. Terms and conditions apply for all insurance covers on this card, so please read the Bendigo Bank Qantas Platinum Insurance document on the bank’s website for full details.
  • Mastercard Priceless Cities. Gain access to exclusive discounts and special offers on a range of entertainment, dining, travel and other lifestyle experiences through the Mastercard Priceless Cities program. Just go to the priceless.com website, sign up and use this card to claim any of the offers available.
  • Mobile payment technology. Enjoy the convenience of making contactless payments when you shop with digital wallets including Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay.

Rates and fees for the Bendigo Bank Qantas Platinum Mastercard

Keep these costs in mind when you’re comparing the Bendigo Bank Qantas Platinum Mastercard to other options:

  • Annual fee. This card charges an annual fee of $149.
  • Purchase rate. The Qantas Platinum Mastercard charges a standard variable rate of 19.99% p.a. for purchases.
  • Interest-free days. This card offers up to 55 days interest free on purchases.
  • Cash advance rate. If you use this card to get cash out or for another cash advance transaction, a standard variable interest rate of 21.99% p.a. will apply from the time of the transaction.
  • Cash advance fee. Any cash advance transactions made with this card will attract a fee worth the greater of $3.25 or 0.5% of the transaction amount.
  • International transaction fee. A fee worth 3% will be charged for each transaction made in a currency other than Australian dollars.

Interest charges on Bendigo Bank credit cards

Any interest for purchases you make on the Bendigo Bank Qantas Platinum Mastercard will be calculated from the statement date. This interest structure is different to most credit cards, which calculate interest from the date you make a purchase and then charge it monthly. As a result, you can save money on interest charges when you use a Bendigo Bank card and will also have access to up to 55 days interest free, even if you carry a balance.

How to apply for the Bendigo Bank Qantas Platinum Mastercard

You can apply for Bendigo’s Qantas Platinum Mastercard online in around 15 minutes. Before you get started, go through this eligibility checklist and make sure you have the required details and documents on hand to speed up the process.

Eligibility requirements

  • How old are you? You must be at least 18 years old to apply for this card.
  • What is your Australian residency status? You must be an Australian citizen or permanent resident of Australia to apply for this card.
  • Are you facing bankruptcy? You can only apply for this card if you’re not bankrupt or insolvent.
  • Are you an individual or a company? Only individuals can apply for this card. If you want a card for your company, you may want to consider a Bendigo Bank business credit card instead.

Details and documents

Here’s the information you’ll need to provide to complete your application for the Bendigo Bank Qantas Platinum Mastercard:

  • Personal information. This includes your full name, date of birth and relationship status. You’ll also need a valid form of ID such as your driver’s licence, Medicare card or passport.
  • Employment and income information. Provide details of your employment status, role, employer’s details and salary. You’ll also be able to provide information on any other sources of income, such as government benefits or superannuation payments.
  • Financial details. This includes details of your household expenses, such as bills, grocery spending and any loans or debts. You’ll also need to provide details of whether or not you have dependents.

The Bendigo Bank Qantas Platinum Mastercard offers both frequent flyer rewards and complimentary insurance. But with many other Qantas Frequent Flyer cards offering more points per $1 spent, it’s worth comparing the features of this card to others so you can find the card that works best for you.

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4 Responses

  1. Default Gravatar
    RobinNovember 19, 2018

    When does the travel insurance start from – the date I buy the ticket or the date I fly? My wife and I are going to Europe on 30th April 2019, for 6 months, but I intend buying tickets in the next couple of weeks.

    • finder Customer Care
      JhezelynNovember 20, 2018Staff

      Hello Robin,

      Thank you for your comment.

      According to the Bendigo Credit Card Insurance terms and conditions, the 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.

      Hence, it begins after you purchase the ticket using the said card.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  2. Default Gravatar
    October 29, 2018

    I want to purchase bulk products from a Chinese manufacturer and to pay with a credit card. How can I pay them with a credit card and will it get charged as a cash advance or legitimate purchase?

    • finder Customer Care
      JohnOctober 31, 2018Staff

      Hi Kwozzy,

      Thank you for leaving a question.

      If you are paying the purchase by using the credit card directly then this would be taken against your credit limit which would make it a normal purchase. If you withdraw the cash from an ATM to pay the manufacturer then it is considered a cash advance. You may be able to pay the manufacturer if he has an EFTPOS machine where you may be able to swipe the card to make the payment. The Manufacturer may also have a way to have you pay securely online but you may need to contact them to confirm if they have this available. Hope this helps!

      Cheers,
      Reggie

Credit Cards Comparison

Rates last updated February 23rd, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Qantas American Express Ultimate Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$450 p.a.
Receive 100,000 bonus Qantas Points, a $450 Qantas Travel Credit each year and 2 complimentary Qantas Club lounge invitations per year.
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. for 14 months balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
0% p.a. for 22 months on balance transfers with no BT fee. Plus, a yearly annual fee refund when you spend $6,000 and 2 lounge passes per year.
NAB Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months with 2% balance transfer fee
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect 90,000 bonus Qantas Points when you spend $4,000 within 60 days of account opening. Plus, a $295 annual fee in the first year.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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