Bendigo Bank Rewards
Got a Bendigo Bank credit card that earns rewards points? Here's how to redeem them – and how much value you can get.
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The Bendigo Bank Rewards program lets you earn and redeem points on your everyday spending with a Bendigo Bank Platinum Rewards Credit Card. You can also check your reward point balance in real-time, search rewards and then redeem them online. Reward options include a wide range of merchandise, gift vouchers, cashback and charitable donations. The program’s Points Plus Pay option also allows you to make up for any points shortfall with cash.
Find out which other Bendigo Bank credit cards offer rewards
How to earn Bendigo Bank Rewards points
You get complimentary membership to this rewards program when you sign up for the Bendigo Bank Platinum Rewards Credit Card. You'll then earn points for spending on your credit card account, which can later be redeemed for a variety of rewards.
| Credit card | Earn rate | Annual points cap | Points expiry |
| Bendigo Bank Platinum Rewards Credit Card | 1.5 points for every $1 spent | No cap | 3 years |
What rewards can you get with your points?
- Travel. You may redeem your points for travel accessories, including luggage, backpacks, travel adaptors and travel pillows.
- Gift cards. Using points only, you may redeem gift cards for shopping at Big W, Bunnings, Coles, Dymocks, Flight Centre, iTunes and more.
- Homeware. The homeware category offers items from grill pans and coffee machines to candles and duvets.
- Technology. Technology gadgets include a host of products such as headphones, chargers, cameras and phones.
- Health and lifestyle. Shopping under the "Be Active" and "Be Pampered" categories on the program website gives you access to health and lifestyle products from massagers to perfumes, dress watches to electric shavers.
- Charity donations. If you're feeling charitable, you may also give your points away to select charities including the RSPCA, Australian Red Cross and UNICEF.
- Cashback. To get cashback on your Bendigo Bank account, you need to log in and click on the "Cash Back" link under your Points Balance. You'll then see the cashback choices available to you.
How much are Bendigo Bank points worth?
To work out the value of your Bendigo Bank rewards points, you can use Finder's helpful points calculator.
However, as a guide, here are some examples of what your points might be worth:
| Points needed | Reward | Reward value in dollars | Value per 1,000 points |
| 18,520 | $50 Bunnings gift card | $50 | $2.70 |
| 38,325 | $100 Westfield gift card | $100 | $2.60 |
| 43,725 | Breville the Power Toastie in Grey | $109.95 RRP | $2.51 |
| 467,040 | Samsung Galaxy Tab S7 11" 4G 128GB (Mystic Silver) | $1,149 RRP | $2.46 |
How to redeem Bendigo Bank Rewards points
To redeem your Bendigo Bank Rewards points, first head to the Bendigo Bank rewards website. You will see a list of participating outlets through which you can purchase gift cards or goods. To redeem your selection, simply log into your account.
How to decide if the Bendigo Bank Rewards program is worth it for you
If you're thinking of getting a Bendigo Bank Rewards credit card, it's important to compare your options first. This will help you to apply for the card that best suits your needs and financial situation. When narrowing down your options, you can consider the following factors:
- Earn rate. The earn rate for a card determines how quickly you’ll be making those rewards redemptions. In this case, the Bendigo Bank Platinum Rewards Credit Card has an earn rate of 1.5 points per $1 spent, which is competitive to other cards on the market. If you spend money overseas a lot, other rewards programs give you additional points for international spending.
- Points cap. If you use your credit card a lot, it might be handy that there is no cap on the number of points you can earn in a year.
- Fees and interest rates. The Bendigo Bank Platinum Rewards has an annual fee of $89. You should compare this against the potential value of the rewards.
- Interest-free days. The Bendigo Platinum Rewards credit card offers up to 55 interest-free days on purchases. This feature is available from the start of each statement period and allows you to save money on interest charges for your purchases. Because Bendigo Bank calculates interest from the statement date (instead of the date the purchase is made), you can get interest-free days even if you carry a balance. In comparison, most other credit card providers only offer interest-free days if you pay your balance in full by the statement due date.
- Complimentary extras. Extra features and perks can help offset the cost of the card you choose. In this case, the Bendigo Bank Platinum Rewards Credit Card offers complimentary extras including international travel insurance and purchase insurance.
- Use of the card. Make sure you're not making additional purchases that you can't afford to repay just to build the points. The points you earn will not outweigh the amount of interest you may end up paying if you fail to meet repayments.
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How to apply for a Bendigo Bank Rewards credit card
- Compare your options. Research all the different credit cards on the market and read our finder.com.au card reviews before deciding which card to apply for.
- Read the fine print. Read the card’s product disclosure statement and small print, and get acquainted with all the terms and conditions of your chosen card. Make sure that you also meet all of the card’s listed eligibility criteria.
- Apply online. When you’re ready, head over to the Bendigo card page of your choice and click “Apply now”.
- Fill out the online form. The form asks for your requested credit limit at the outset, followed by your financial details, then your regular personal details. Have the relevant information ready pertaining to employment, earnings and expenses, assets and liabilities to speed up the process. You will finally be asked to submit documentation for identity verification purposes and to authorise the customary credit check.
- Submit the application. Once you’ve submitted your card application, you will receive confirmation about whether you have been conditionally approved, and further instructions about what to do to advance your application.
Depending on your spending habits, lifestyle and rewards earning preferences, the Bendigo Bank Rewards program may be a suitable fit for you. Remember though to compare your options and to weigh up any potential costs against the benefits before choosing a card.
Pictures: Shutterstock
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