Imagine earning rewards every time you swipe your credit card, gaining access to premium benefits, and enjoying complete Bendigo platinum rewards travel insurance. The Bendigo Platinum Rewards Credit Card offers a compelling mix of features designed to enhance your spending experience. Whether you are a frequent traveller, a savvy shopper, or someone who values financial perks, this card has something to offer.
In this article, we will explore the reasons why the Bendigo Platinum Rewards Mastercard might be the perfect choice for you, examining its benefits, potential drawbacks, fees, and the application process.
Why Should I Get a Bendigo Platinum Card?
The Bendigo Platinum Rewards Credit Card stands out for its extensive rewards program. Cardholders earn 1.5 Bendigo Bank Rewards points for every dollar spent, making everyday purchases more rewarding.
You can redeem these points for a variety of options including travel, merchandise, and gift cards. For frequent travellers, the card offers up to 90 days of international travel insurance, providing peace of mind on your journeys.
Additionally, the card comes with purchase protection and extended warranty insurance, safeguarding your purchases against theft, loss, or damage. This benefit ensures that high-value items bought with the card are protected, adding an extra layer of security to your transactions.
Another notable feature is the interest-free period of up to 55 days on purchases. It allows you to manage finances better and avoid interest charges if you pay off your balance within this timeframe. The card also supports additional cardholders without extra fees, making it a great option for families or couples who want to consolidate their spending.
With 24/7 fraud monitoring, the Bendigo Platinum Credit Card ensures your financial transactions are secure, providing immediate alerts on suspicious activities. This card is a blend of rewards and security, ideal for anyone looking to maximize their spending power while enjoying premium benefits.
Pros and Cons of Bendigo Platinum Rewards Mastercard
| Pros | Interest charges if the balance is not paid in full |
|---|---|
| The points earn rate may be capped | $89 annual fee |
| Earn 1.5 reward points per dollar spent | 19.99% p.a. purchase interest rate |
| Purchase protection and extended warranty insurance | 21.99% p.a. cash advance rate |
| No additional cardholder fees | High cash advance rate |
| 24/7 fraud monitoring | Interest charges if the balance not paid in full |
| Up to 55 days interest-free on purchases | Interest charges if the balance is not paid in full |
Fees and Interest Associated with Bendigo Platinum Rewards Credit Card
| Fee/Interest | Details |
|---|---|
| Annual Fee | $89 |
| Purchase Interest Rate | 19.99% p.a. |
| Cash Advance Rate | 21.99% p.a. |
| Additional Cardholders Fee | $0 |
| Interest-Free Period | Up to 55 days |
| Late Payment Fee | May apply |
| International Transaction Fee | May apply |
Application Process of Bendigo Platinum Rewards Mastercard
Applying for the Bendigo Platinum Credit Card is simple and can be done in a few steps:
- Visit the Website: Go to the Bendigo Bank website and navigate to the Platinum Rewards Credit Card page.
- Gather Documents: Prepare necessary documents such as identification, proof of income, and employment details.
- Fill Out the Application: Complete the online application form with your personal, financial, and employment information.
- Submit the Application: Review and submit your application for a credit check and approval.
- Wait for Approval: Bendigo Bank will review your application, typically taking a few business days.
- Receive Your Card: If approved, you’ll receive your card by mail within 5-7 business days.
- Activate Your Card: Follow the activation instructions provided to start using your new credit card.
Also Read: Bendigo Ready Credit Card
The Final Words
The Bendigo Platinum Reward Credit Card offers a robust rewards program, valuable travel and purchase protections, and strong security features. While it comes with an annual fee and higher interest rates, benefits can outweigh these costs for those who utilize rewards and insurance effectively. This card is ideal for frequent travellers and those looking to maximize their spending rewards.