Bendigo Bank Platinum Rewards Visa

Information verified correct on April 29th, 2017

Earn reward points for purchases and balance transfers, plus enjoy a range of complimentary extras with the Bendigo Bank Platinum Rewards Visa.

This premium Visa card offers complimentary enrolment in the Bendigo Bank Rewards program, earning 1.5 points per $1 spent on new purchases. Unlike most reward cards, it also offers 1 point per $1 spent on balance transfers. In addition to these benefits, it offers up to 55 days interest-free on purchases and includes complimentary travel insurance, purchase insurance and a concierge service.

Product NameBendigo Bank Platinum Rewards Visa
Rewards ProgramBendigo Bank Reward
Purchase rate (p.a.)18.99% p.a.
Annual fee$119 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)18.99% 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.
$6,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$50,000
Minimum Monthly Repayment$10 or 3% whichever is greater
Card TypeVisa
Late Payment Fee$15
Foreign Currency Conversion Fee (VISA)
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
Available To Temporary ResidentsNo
Joint ApplicationYes
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
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.
$6,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$50,000
Annual Fee$119 p.a.
Minimum Repayment$10 or 3% whichever is greater
Late Payment Fee$15
Over Limit Fee$0
Cash Advance Fee0.50% min. $3.25
Overseas Cash Advance Fee$3.25 or 0.5% of the transaction amount
Overseas Emergency Replacement$0
Overseas ATM Balance check$1.50
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)
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
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • Earn up to 1.5 reward points per $1 spent on purchases.
  • Get a complimentary membership to Bendigo Bank rewards program.
  • Request for an additional cardholder at no extra charge.
  • This card comes with a 24/7 fraud monitoring service.

Cons

  • This credit card does not feature any introductory rate on purchases and balance transfers.
Rewards ProgramBendigo Bank Reward
Bonus Points on Sign-up10,000
Rewards Points per $ (VISA/MC)1.5
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Bendigo Bank Platinum Rewards Visa review

The Bendigo Bank Platinum Rewards Visa is designed to offer premium rewards and perks, as well as competitive rates and fees. As well as earning up to 1.5 points per $1 spent, it offers 10,000 bonus points to qualifying new cardholders when they register on the Bendigo Bank Be Rewarded website. As a platinum card, you also get access to premium Visa benefits including complimentary international travel insurance, purchase protection insurance and extended warranty cover.

This card has a standard variable interest rate of 18.99% p.a. for purchases, balance transfers and cash advances. Unlike most credit card providers, Bendigo Bank calculates interest from the statement date, not the purchase date. This means the 55 interest-free days available on purchases will apply even if you don't pay off your balance in full. The Bendigo Bank Platinum Rewards also has an annual fee of $119.

Benefits of Bendigo Bank Platinum Rewards Visa

Some of the perks you can enjoy with this Bendigo Bank credit card include:

  • 10,000 bonus points. Bonus points are awarded to new cardholders once they are approved and registration is complete on the Be Rewarded website.
  • Points on purchase and balance transfers. This credit card offers 1.5 points per $1 spent on purchases and 1 point per $1 spent on balance transfers, with no points cap.
  • Complimentary international travel insurance. Pay for your return overseas tickets with your Bendigo Platinum and get international travel insurance for up to 90 days. This insurance also covers your spouse and/or children that are travelling with you if their tickets were also bought on your card.
  • Transit accident insurance. This insurance covers you for accidental death and injury that may occur while you are a passenger on a plane, tourist bus, train or ferry when travelling outside of Australia.
  • Hire car excess waiver. If you use your Bendigo Platinum Visa to hire a car, at home or overseas, your excess will be covered if you become legally liable to pay it in respect to loss or damage of the vehicle.
  • Purchase insurances. This card offers purchase protection insurance that covers eligible purchases against loss, theft or accidental damage for up to 90 days and extended warranty cover for eligible items bought in Australia. It also offers a "Best Price Guarantee" that will refund you the difference in cost when you buy an eligible item then find it elsewhere at a lower price. Terms and conditions apply for these insurances, so make sure you refer to the insurance policy available on the Bendigo Bank website for full details.
  • Visa Premium benefits. The Bendigo Bank Platinum Rewards Visa gives you access to premium Visa benefits including a 24/7 concierge service, guaranteed seating to a wide range of entertainment events, Visa Front Line Access and lifestyle and travel offers.

Features of the Bendigo Bank Platinum Rewards Visa

Here are the key features to consider when you're comparing the Bendigo Bank Platinum Rewards:

  • Annual fee. This card has a standard annual fee of $119. If you're a Bendigo Bank or Adelaide Bank shareholder, you can get this fee reduced to $59 p.a.
  • Additional cardholder. You can request to have a spouse or eligible family member added to the account as a supplementary cardholder at no extra cost. This can help you boost your reward points on new purchases. Note that you will still be responsible for keeping the account in good standing.
  • Interest rate. A standard variable rate of 18.99% p.a. applies to purchases, balance transfers and cash advances on this card.
  • Interest-free days. The Bendigo Bank Platinum Rewards Visa offers up to 55 days interest-free on purchases, even when you carry a balance.
  • Minimum credit limit. As a platinum product, credit limits on this card start from $6,000.
  • International transaction fee. The Bendigo Bank Platinum Rewards Visa charges a fee of 3% for all transactions made in a foreign currency.

How to apply for the Bendigo Bank Platinum Rewards Visa

If you've compared your options and want to apply for the Bendigo Bank Platinum Rewards Visa, you can do so online in around 15 minutes. Before you apply, make sure you meet the eligibility requirements and have all the relevant details and supporting documentation ready.

Eligibility criteria

  • Age. You must be at least 18 years of age.
  • Residency status. You must be an Australian citizen or permanent resident.
  • Credit history. You must have a good credit rating.

Required documents

  • Personal information. This includes your full name, date of birth, residential address, email address and relationship status.
  • Identification. You'll also be required to provide proof of your identity, such as your driver's license, passport or Medicare number.
  • Employment information. Such as your position, time at your current job and your employer's contact details.
  • Financial details. Including your income, as well as any assets you have such as savings or shares. You'll also have to provide details of any existing debts, such as mortgages or card balances, as well as regular expenses such as rent or groceries.

The Bendigo Bank Platinum Rewards Visa is a premium card that offers rewards on both purchases and balance transfers, as well as complimentary extras. But the annual fee of $119 and standard interest rate of 18.99% p.a. make it important to consider whether the benefits will outweigh the costs based on your circumstances. As there are many other reward credit cards and balance transfer offers available, make sure you compare your options so that you can find a card that suits your circumstances and needs.

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20 Responses to Bendigo Bank Platinum Rewards Visa

  1. Default Gravatar
    Leonie | March 28, 2017

    we are looking for a joint credit card with individual card numbers so when one looses or the card get swallowed by atm the other card will still be active.

    does this card do this?

    • Staff
      Chester | March 30, 2017

      Hello Leonie,

      Thanks for your questions,

      If you are looking for a credit card that lets you have the option of applying as a joint account, you may visit https://www.finder.com.au/joint-account-credit-cards this page will provide you the available financial institutions that offers joint account credit card applications. Let me also add to please read and understand the terms and conditions on their PDS before selecting a particular product.

      Regards,
      Chester

  2. Default Gravatar
    Anthony | July 23, 2016

    Is it necessary to activate travel insurance cover for travel interstate on a platinum Visa card or is it automatically available?

    • Staff
      Anndy | July 28, 2016

      Hi Anthony,

      Thanks for your question.

      The Domestic Flight Inconvenience Insurance cover attached to a Bendigo Platinum Visa Card is activated when you use your card to pay for the full value of the return domestic flight fare before the commencement of your flight.

      Cheers,
      Anndy

  3. Default Gravatar
    Jan | June 14, 2016

    Is there an age limit. My husband is a healthy 75 year old.

    • Staff
      Anndy | June 14, 2016

      Hi Jan,

      Thanks for your question.

      If you are referring to the complimentary insurance coverage for this card, its terms and conditions states that they will not cover loss of any cause if “you are over seventy-five (75) years of age. This will not prejudice any entitlement to claim benefits which has arisen before you attain the age of seventy-six (76) years.”

      In reference to the second sentence, I suggest that you directly contact Bendigo to verify if your husband is still covered.

      Cheers,
      Anndy

  4. Default Gravatar
    nicos | February 20, 2016

    does my ready red visa card transfer frequent flyer points

    • Staff
      Jonathan | February 22, 2016

      Hi Nicos, thanks for your inquiry!

      Unfortunately Bendigo Rewards currently do not have a partnership with a frequent flyer program. You may like to compare frequent flyer credit cards on this page.

      Cheers,

      Jonathan

  5. Default Gravatar
    Ted | December 5, 2015

    Does the platinum card have Qantas frequent flyer rewards?

    Ted

    • Staff
      Sally | December 7, 2015

      Hi Ted,

      Thanks for your question.

      The Bendigo Bank Platinum card does come with a rewards program, but it’s not connected with Qantas Frequent Flyer points. Instead you can redeem your points for merchandise from the Bendigo rewards online store.

      You can compare credit cards with Qantas Frequent Flyer rewards programs here.

      I hope this has helped.

      Cheers,

      Sally

  6. Default Gravatar
    JenFly | October 19, 2015

    Does the Bendigo Platinum visa allow access into Priority Pass or other world wide airline lounge schemes? If so which ones? A
    Do what are the rules?

    • Staff
      Jonathan | October 19, 2015

      Hi JenFly, thanks for your inquiry!

      Unfortunately this card does not come with complimentary Priority Pass access. For a list of cards that include this feature please see this page.

      Cheers,

      Jonathan

  7. Default Gravatar
    Roger | September 7, 2015

    My wife and I are going overseas to the UK and are linking a 12 day cruise with the holiday. We are both seniors and I am searching travel insurance options. Is it worth my while to upgrade to Bendigo Platinum credit card and forget online insurance searching?

    • Staff
      Jonathan | September 8, 2015

      Hi Roger,

      Thanks for your inquiry.

      Please note that finder.com.au is an online comparison service and is not in a position to recommend specific products, providers and services. Please enquire with Bendigo Bank directly if you would like to apply for this card.

      However, we can confirm that this card offers a range of complimentary insurance benefits, including international travel insurance which will cover you and your spouse as long as she is travelling with you for the entire journey and the return tickets were purchased using the Bendigo Platinum Visa Card and as long as you both are not over the age of 75 years as stated on page 18 under General Exclusions. Cruises are covered provided you have purchased the full return fare to the UK.

      I hope this has helped.

      Cheers,

      Jonathan

  8. Default Gravatar
    Mez | August 1, 2015

    What rewards program is linked to the Bendigo platinum visa card please?

    • Staff
      Sally | August 3, 2015

      Hi Mez,

      Thanks for your inquiry.

      Bendigo Bank Rewards is the rewards program that is linked to the Bendigo Platinum Visa Card. I’ve sent you a link to the Bendigo Bank Rewards page to use for future reference.

      I hope this has helped.

      Cheers,

      Sally

  9. Default Gravatar
    william | April 10, 2014

    Is there any age limit on travel insurance with Bendigo Bank Platinum Visa Card?

    • Staff
      Jacob | April 10, 2014

      Hi, William.

      Thanks for your question.

      The terms and conditions (I’ve sent them to your email) state on page 16 under general exclusions:’ “If You are over seventy-five (75) years of age. This will not prejudice any entitlement to claim benefits which has arisen before You attain
      the age of seventy-six (76) years.” So it appears this insurance will provide cover for people up to the age of 76. Please refer to the terms and conditions for further information.

      I hope this helps.

  10. Default Gravatar
    Nancye | September 21, 2013

    Can I change my Bendigo Bank EFTPOS card to a Bendigo Bank Platinum Visa Card so I can receive reward points when purchasing ie weekly groceries, petrol, household and domestic items.

    Can the card be linked to frequent flyer points inc Qantas & Singapore Airlines etc.

    Can the card be used as an eftpos as well as a credit card ie pin or signature.

    Kind Regards,
    Nancy.

    I have been a member with the Bendigo Bank for a number of years.

    • Staff
      Jacob | September 21, 2013

      Hi Nancy.

      Thanks for your question. Please enquire with Bendigo Bank directly if you would like to apply for this card.

      This card does offer a range of complimentary insurance benefits, including international travel insurance. This card can be used over the counter by selecting credit when you go to make a purchase, you can enter a PIN. From 2014 onwards, you will no longer be able to sign for credit card transactions.

      I hope this helps.

Credit Cards Comparison

Rates last updated April 29th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent within the first three months. Plus, save with a long-term balance transfer offer and a reduced annual fee in the first year.
20.74% p.a. 0% p.a. for 18 months with 1.5% balance transfer fee $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
NAB Premium Card
An introductory rate of 0% p.a. for 24 months on balance transfers combined with premium benefits such as travel insurance covers.
19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 p.a. Go to site More info

* 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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