Platinum Rewards Credit Card card image

Bendigo Bank Platinum Rewards Credit Card

Advertiser disclosure
Purchase rate
0% p.a. for 12 months then 19.99% p.a.
Balance transfer rate
No current offer
Annual fees
Interest free days on purchases
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Mozo editorial review Bendigo Bank Platinum Rewards Credit Card - last updated: 2 November 2021

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What's hot
  • Low $89 annual fee
  • Earn 1.5 Bendigo Bank Rewards points per $1 spent
  • 0% intro purchase rate for the first 12 months
What's not
  • $15 late payment fee
Mozo snapshot

If you like the idea of free flights or cashback just for shopping, then look no further than the Bendigo Bank Platinum Rewards Credit Card. While it has a 19.99% purchase rate, it also comes with 55 interest free days and 0% intro purchase rate for the first 12 months. There is also a low $89 annual fee. 

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Key features

The Bendigo Bank Premium Rewards Credit Card comes with an intro 0% purchase rate for the first 12 months which later reverts back to a 19.99% purchase rate, but its worth it for the perks.There's heaps of added value on offer with this rewards credit card, from gift cards to complimentary travel insurance. The card also comes with up to 55 interest-free days and a reasonably low $89 annual fee.

When it comes to points, you’ll earn 1.5 points per dollar spent on Mastercard on eligible transactions. You can cash in points for rewards like flights, gift cards, retail products or even cashback. 

And since the Bendigo Bank Platinum Rewards Credit Card is a premium rewards card, there are some handy perks as well. Things like complimentary travel insurance, extended warranty, purchase protection, a concierge service and commission-free travel cheques are all up for grabs with this plastic.

However, if you’re keen to do some online shopping or take this card across borders, you’ll need to remember the 3.00% foreign exchange margin. It’s also best to keep this card away from ATMs, thanks to the high 21.99% cash advance rate.

Who is it good for

The Bendigo Bank Platinum Rewards Credit Card is a great option for Aussie shoppers who love to take advantage of retail rewards or frequent travellers looking to cash in on travel perks.

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Any catches

The Bendigo Bank Platinum Rewards Credit Card does come with a 3.00% foreign exchange margin. And while this is a standard rate for many cards, if you plan on spending big on your next getaway, you could be better of with a travel money option that doesn’t come with a foreign exchange margin.

And if you occasionally miss a repayment, it might be a good idea to set up a direct debit to avoid the $15 late payment fee.

Rewards program details

Rates and fees information correct as at 22 January 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

592,592 points

Fly Sydney to Melbourne one-way

54,078 points

$100 Giftcard

37,040 points

$100 Cash


Points earning

1.5 points per dollar on Mastercard, uncapped

Rewards scheme

Bendigo Rewards. Redeem your points for travel, gift cards, shopping gift cards, cashback and retail products.

Value of rewards points

Spend $24,693 (Mastercard)

Spend $34,571 (Mastercard)

Spend $271,605 (Mastercard)


36 months

How do we calculate these points?
How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,

  • figure out how many flights or gift cards or cashback credits you could get for those points,

  • work out what that's actually worth to you,

  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.

  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

  • Shopping rewards are based on $100 gift cards from a major national department store.

  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.


Rate and fee details


19.99% p.a.

0% p.a. for 12 months

No current offer


21.99% p.a.








0.50%, Min $3.25










Payment options

Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

Rewards privileges

Travel Insurance,
Commission-free Travellers Cheques,
Extended Warranty,
Purchase Protection

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