Bendigo Red Free Days MasterCard – Rates & Fees

Information verified correct on December 8th, 2016

Earn rewards points for purchases with your Bendigo Red Free Days MasterCard.

When you use your Bendigo Bank MasterCard to make your day to day purchases, you are stocking up on valuable rewards points. These points can be redeemed through a variety of partners that Bendigo Bank and MasterCard are affiliated with.

Another reward card offered by Bendigo Bank is the Ready Red. Not only do you earn a point for every dollar spent on eligible purchases, you can get a discount if you are a home loan customer or shareholder in Adelaide or Bendigo banks.

Product NameBendigo Bank Ready Red Credit Card
Rewards ProgramBendigo Bank Reward
Purchase rate (p.a.)19.74% p.a.
Annual fee$45 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 44 days on purchases
Cash advance rate (p.a.)19.74% 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.
$500
Minimum Monthly Repayment$10 or 3% whichever is greater
Card TypeVisa/MasterCard
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.
2% of transaction value
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.
2% of transaction value
Complimentary Travel InsuranceNo
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.
$500
Annual Fee$45 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$100
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.
2% of transaction value
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.
2% 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
Rewards ProgramBendigo Bank Reward
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (AMEX)0
Points ExpiryNever

Bendigo Red Free Days MasterCard review

Having a credit card through Bendigo Bank will also give you access to additional benefits. You can save up to 3% off of your credit card interest if you take out a home loan with Bendigo Bank.

Enjoy interest free days after using your card. For up to 44 days after a purchase, interest rate charges will not be applied.

Compare that interest free period with that of other credit cards. Some will offer extended promotional periods for months, or even up to 55 days.

Benefits of the Bendigo Red Free Days MasterCard

  • Interest free days. Enjoy up to 44 days interest-free for your purchases. If you do not pay the balance in full, interest charges will be applied.
  • Extra discounts. You may be eligible for special discounts if you use multiple services through Bendigo Bank, such as 3% off of your credit card interest rate if you open a home loan.
  • Rewards points for shopping. With the help of Bendigo Banks partners you can add even more points to your rewards account when you spend money with them. You can receive up to 10.00 extra points per dollar when you use your Bendigo Bank Free Days MasterCard at participating locations.
  • Rewards points redemption. Your earned points can be redeemed easily through the convenient be rewarded website. Keep track of all your earned points instantly and find out your balance through the official Bendigo Bank website..
  • Access to over 150 items against reward points. On the website you will have access to the over 150 different items available starting at as little as 3,700 points. Manage your points the way you manage your money and save up for something special.

Bendigo Red Free Days MasterCard features

There are other features of the Bendigo Bank MasterCard to consider:

  • Annual fee. You will be charged $45 for as long as this card remains open.
  • Interest rate. Your purchases will be charged an interest rate of 19.74% p.a.
  • Cash advance. This credit card may also be used to withdraw cash. The cash withdrawn will be charged at an interest rate of 19.74% p.a. Make note that cash advances may also carry additional fees for the transaction.
  • Rewards program. This card is part of an exclusive rewards program tied directly to Bendigo Bank. You can manage your points and redeem them at the convenient rewards website.
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How to apply for the Bendigo Red Free Days MasterCard

Eligibility

In order for your application for this credit card to be considered, you will first be asked to meet certain eligibility requirements:

  • Age. You must be over 18 years of age.
  • Residency. Only Australian citizens and permanent residents can apply.
  • Employment. You must have a regular salary-paying job.
  • Applicants. No more than two applicants can apply for a joint application.
  • Third-party. You must be listed on the application as a borrower. Applications completed by a third-party will not be accepted.
  • Credit history. Your credit history must be free of any defaults, bankruptcies and court judgments.
  • Purpose. The card will only be used for personal expenses, not business.
  • Consent. You must have read and accept the privacy consent terms and conditions set forth by Bendigo Bank.

Documentation

Have the following documentation available to assist you in answering the questions on the online application:

  • Driver's license number. Your driver's license number and expiration date will be asked for.
  • Income. The details of your employment including contact information along with your income. Include any additional income you receive from outside sources.
  • Assets. A detailed list of your assets including bank accounts and investments.
  • Liabilities. Full disclosure of all of your debts. This will include loans and credit cards. Have accurate information regarding balances and available credit ready.

There are many cards to look into that offer comprehensive rewards programs. While this one does offer a variety of items to choose from, it is not affiliated with any frequent flyer programs. This is something to think about if you like to earn points for travel expenses.

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Rates last updated December 8th, 2016
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