Although Bendigo Bank is not one of the Big Four, it provides Australians with a comparable selection of products and banking services. The assortment of credit cards offered by Bendigo Bank includes rewards, Qantas Points, balance transfers, and low-rate alternatives.
Another distinctive feature of Bendigo credit cards is how interest is computed. Bendigo Bank charges interest from the date your statement is issued as opposed to the majority of credit cards, which might result in savings of up to 50% on interest payments.
History of Bendigo Bank
Australian financial institution Bendigo and Adelaide Bank specializes on retail banking. In November 2007, Bendigo Bank and Adelaide Bank merged to form the business.
Prior to the merger, Bendigo Bank offered its services and products at around 900 locations across Australia, including more than 160 company-owned branches, 220 community-owned Community Bank branches, 100 agencies, and 400 Elders stores. The majority of the bank’s branches are in Victoria and Queensland. With the addition of 25 branches from the merger with Adelaide Bank, the combined bank currently has over 400 locations.
Regional offices are located in Docklands, Melbourne, and Ipswich, Queensland. The national headquarters are still located in the city of Bendigo.
Credit Cards
Bendigo Ready Credit Card
- No annual fee + no international fees.
- Includes premium features like extended warranty insurance and purchase protection. Applying T&Cs.
Bendigo Bright Credit Card
- Balance transfer for 15 months at 0% annually.
- There is a 2% balance transfer fee.
- A minimal annual cost of $59 and a credit limit of at least $1,000.
- 55 days interest-free and cheap interest rates available at 9.99%. Applying T&Cs.
Bendigo Bank Business Credit Card
- Business credit card with no frills.
- A low rate and a $4 monthly charge per card are included.
- Each cardholder will receive a single monthly statement with an itemized addendum.
Reward Cards
Bendigo Platinum Rewards Credit Card
- Earn points through Bendigo Bank.
- For each dollar spent, earn 1.5 reward points.
- International travel insurance is free. Applying T&Cs.
- No additional charge for additional cardholders.
Bendigo Bank Qantas Platinum Credit Card
- Low yearly cost.
- Each dollar spent, earn 0.6 Qantas Points.
- Free participation in the frequent flyer program and free coverage for up to 90 days of overseas travel.
Bendigo Bank Qantas Business Credit Card
- Accumulate Qantas points.
- Each dollar spent, earn 0.6 Qantas Points.
- Qantas Club subscriptions for you and your staff are 20% cheaper.
Criteria for eligibility
Filling out a secure application form on the bank’s website will take you about 15 minutes to apply for a Bendigo credit card. Additionally, you could apply by phone or deliver your application to a Bendigo Branch.
Make sure you meet the following eligibility standards and have all the required documentation organized before you apply.
- Prerequisites for Australian residence. Citizens of Australia and permanent residents are both able to apply. Temporary residents who have valid 188, 457, or 489 visas, who have submitted a permanent residency application, and who have at least 12 months left on their visa are eligible to apply.
- Earnings on a regular basis. You must receive a consistent income through a job or one of the other acceptable sources listed below.
-A and B tax benefits for aAustudyfamilies
-Age, incapacity, or pension from the VA
-Provider pension (only for dependent children)
- Financial history. You must not be insolvent or bankrupt. At least 18 years of age is required.
Information and paperwork required for application
Applications for credit cards from Bendigo Bank include information that is required of all applicants as well as information particular to your residency in Australia and your source of income, together with papers that attest to the accuracy of the information. You’ll need to provide the following important information on the application:
- Personal information. Your full name, birth date, marital status, and the number of dependents you have. You’ll also need to present identification, such as a driver’s license, Australian passport, or details from your Medicare card.
- Income information. If you are employed, this contains information about your job status as well as the name and contact details of your employer. Also, you will need proof of your income for the last three months, such as bank statements, paystubs, or a letter from Centrelink confirming that you receive qualifying payments.
- Financial information. Your usual spending, assets, and liabilities, including any additional credit cards or loans, in addition to your other sources of income.
Advantages of applying for a credit card from Bendigo Bank
With Bendigo credit cards, you can access some of the following features and services:
Payment transfers
Before canceling the other account, you could transfer the balance from a credit card from another bank that you are paying off to one from Bendigo Bank.
When you first receive a new credit card, Bendigo Bank may even offer introductory low or 0% interest rates for balance transfers, which can help you save money.
Credit Card Rewards
You can accrue points through the Bendigo Bank rewards card program and then exchange them for credit card rewards in a variety of categories, including presents, homes, technology, kids, and more.
When using the Bendigo Bank Qantas Platinum Credit Card, you can earn Qantas Points for certain purchases if you’re a regular traveler.
Interest reduction
Instead of starting with the date you made each purchase, Bendigo Bank determines credit card interest from the statement date. This implies that even if you have a balance, you can take advantage of interest-free days.
In addition, interest won’t be added to any payments made before the due date indicated on your account. Most other credit cards, in contrast, start charging interest as soon as you make a purchase and don’t give you interest-free periods when you carry a balance.
Choices for free insurance
The platinum credit cards from Bendigo Bank come with a number of free insurance benefits, such as free international trip insurance, purchase protection insurance, extended warranty insurance, and best price guarantees.
Payments by mobile and contactless
You can use your qualifying device at the checkout to make contactless payments by connecting your Bendigo Bank credit card to Apple Pay, Samsung Pay, Google Pay, Fitbit Pay, or Garmin Pay.
Electronic credit card
Before receiving your physical credit card in the mail, Bendigo Bank offers a mechanism for you to set up a virtual credit card with Apple Pay. This implies that you could begin using a credit card even sooner if you are authorized for one.
FAQ
Q1. How can I request an increase in the credit limit on my Bendigo Bank credit card?
Call 1300 236 344 or go to a Bendigo Bank location to ask for a limit increase if you already have a Bendigo Bank credit card and would like a greater credit limit. Keep in mind that any request to increase your credit limit is subject to Bendigo Bank’s approval based on its lending standards.
Q2. Do more cards come from Bendigo Bank?
Indeed, it does, and anyone who is older than 16 can obtain one. One can be requested online, over the phone, or in person at any branch of Bendigo Bank.
Q3. How do I calculate the number of reward points I’ve racked up?
In addition to checking your monthly statement online or by phone, you may easily find out by going to the Bendigo Bank rewards card website.