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Bendigo Bank Platinum Rewards Mastercard

Purchase rate
0% p.a. for 15 months then 19.99% p.a.
Balance transfer rate
No current offer
Annual fees
$89
Interest free days on purchases
55

Mozo editorial review Bendigo Bank Platinum Rewards Mastercard

Last updated: 25 May 2020.

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What's hot
  • 50,000 Reward Points (spend $3,000 in the first 90 days)
  • 0% purchase rate for 15 months from account opening (reverts to 19.99% when the 15 months is up)
  • Low $89 annual fee
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 Mastercard. Plus if you apply before August 2 2020, then you should be able to bag a 0% purchase rate for the first 15 months, after which the purchase rate will revert to the standard 19.99%. It also comes with 55 interest free days and a low $89 annual fee. 

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Key features

If you apply for the Bendigo Bank Premium Rewards Mastercard before August 2 2020, then you should be able to snag yourself a 0% purchase rate for the first 15 months, after which it will revert to the standard 19.99% purchase rate.

There's also heaps of added value on offer with this rewards credit card, from gift cards to complimentary travel insurance. The card 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, uncapped. You can cash in points for rewards like flights, gift cards, retail products or even cashback. At the moment, you can score 50,000 Reward Points by spending $3,000 in the first 90 days of having your card.

And since the Bendigo Bank Platinum Rewards Mastercard 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.



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Who is it good for

The Bendigo Bank Platinum Rewards Mastercard 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 Mastercard 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 3 July 2020. 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

462,963 points

Fly Sydney to Melbourne one-way

58,894 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.

Special offers

Receive 50,000 bonus Rewards Points when you spend $3,000 within the first 90 days.

Value of rewards points

Spend $24,693 (Mastercard)

Spend $34,571 (Mastercard)

Spend $271,605 (Mastercard)

Uncapped

36 months

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.

Close

Rate and fee details

Rates
  • 19.99% p.a.

  • 0% p.a. for 15 months

  • No current offer

  • no

  • 21.99% p.a.

  • 55

Fees
  • $89.00

  • none

  • none

  • none

  • $15.00

  • 0.50%, Min $3.25

  • 3.00%

  • $5.00

  • $10.00

  • $0.00

Features
  • $10.00

  • 3.0

  • yes

  • none

Payment options

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

Rewards privileges

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

Customer Reviews

How are Bendigo Bank credit cards rated by the Mozo community?

Overall customer rating
8.1/10
Price
7.2/10
Features
6.7/10
Customer service
8.3/10
Convenience
8.1/10
Trust
8.4/10

Latest reviews of Bendigo Bank Platinum Rewards Mastercard

  • Overall 9/10
    Friendly and helpful staff

    Willing to meet competitive rates where possible.

    Read full review

    Willing to meet competitive rates where possible.

    Price
    9/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Glenise, Western Australia reviewed 2 months ago
  • Overall 10/10
    Good banking experience

    Great bank but could be more competitive.

    Read full review

    Great bank but could be more competitive.

    Price
    5/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    Deborah, Queensland reviewed over 3 years ago
  • Overall 10/10
    Points build fast, good rewards, long free credit

    Good points per sale, useful rewards, generous repayment period.

    Read full review

    Good points per sale, useful rewards, generous repayment period.

    Price
    9/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Charles, Victoria reviewed almost 4 years ago
  • Overall 3/10
    Poor service and poor customer service

    There is always a reason why a problem cannot be resolved immediately.

    Read full review

    There is always a reason why a problem cannot be resolved immediately.

    Price
    1/10
    Features
    3/10
    Customer service
    3/10
    Convenience
    -1/10
    Trust
    7/10
    Less
    Paul, Victoria reviewed over 4 years ago
  • Overall 10/10
    Best card

    Higher rate of reward points from others, quick refund if card used fraudulently by stolen details.

    Read full review

    Higher rate of reward points from others, quick refund if card used fraudulently by stolen details.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Joseph, Victoria reviewed almost 5 years ago
Bendigo Bank

About Bendigo Bank

Bendigo Bank is a community focused bank that's all about customer satisfaction. Over the past 22 years, Bendigo Bank has given back $230 million to help communities build the things they need to thrive. With a national presence and an innovative digital experience, Bendigo Bank offers a full range of financial services including credit cards, personal loans, home loans, savings and bank accounts to help Aussies meet their money goals.

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