Be approved and spend $2,500 on everyday purchases within 90 days of opening your account to earn 80,000 bonus Qantas Points.
Link to finder deal: https://www.finder.com.au/bendigo-bank-qantas-platinum-maste…
You aren't living up to your username. There are other deals with similar points that are 1st year free.
I've already gone through ANZ and St George. What else do you recommend looking at?
The Qantas Premier and Premier Plat are okay but I'm put off by everyone's experience with Citibank. Really I was holding out for a 100k Amex deal but no luck yet
Edit: The minimum credit limit for this being only 3k is appealing too!
Qantas Premier is $0 fee and only a 4k min limit.
Citibank really check your credit details, but if you have a good credit rating you are fine.
I have 3 cards at the moment for about 22-23k of limit and they let me get a 4th. I don't earn a ton of money either, but I have also never paid interest on a credit card ever.
EDIT: Also never paid an annual fee! Or any fees!
Westpac 80 + 40 deal for $0
Do they also have such a low min credit limit tho?
Bendigo Bank has the best customer service of any bank I've used. Would highly recommend.
Maybe Ive missed it but I havent seen any information in the advertising or terms and conditions that advise Bendigo Bank staff who might be interested in applying that they wont receive any bonus FF points because they've run out. I tried applying and was told that as a staff member I wont get the bonus points as whatevers left is reserved for non staff customers.
yea if you have run through the standard westpac, hsbc, ANZ, Amex Explorer deals
High annual fee, but that's a lot of points for a low minimum spend
There is a similar Qantas product with no annual fee, but a higher monthly spend requirement out there as well.
can you comment on which one? im looking at the qantas amex which gives you 75k points and 450 travel credit, but its got an 450 annual fee. is this the one youre referring to?
run by citibank … crappy customer experience.
But all good, if you get approved and the the points.
i'm going for both this and the citi bank one. Then i'm going to get the missus to get this one. BOOM 200k points
@salmon123: God, hard to think of worse customer service. I dont know what they'd do without their global network. It's like they dont even try…
Hmmmm. What does 80k in Qantas points get you… I've got 40k in Virgin points and while that sounds like a lota trip to Japan seems to be 250,000 points :(
roughly 4 domestic return trips. if you are willing to pay taxes then more. Have a look here to see where you can go. Some examples include Lord Howe form syd costs more than a grand return but only 8k points each way plus taxes. Queenstown for some snow is 18k each way plus taxes. the best part is that you can usually travel on really expensive days such as just before christmas or on long weekends if you book in advance.
My understanding is 140k Qantas points will get you an around the world trip through OneWorld in Economy.
Virgin on the other hand charge 240k for economy RTW, or 320k for Business class.
Best way to spend your points in my opinion.
Well it is technically not an around the world fare as such, 140,000 will get you up to 16 flights / 5 stops allowed / 35,000 miles maximum - but you must fly two other OW airlines plus a qantas flight to be eligible. Therefore you can fly to Europe and come back if you wish.
Is there another way to do this? One world website or something? Qantas site says we cannot use points for round the world trip:
https://qantas.custhelp.com/app/answers/detail/a_id/4377
Got a link to 140,000 for 5 stops. Sounds awesome!
There is no requirement to include a Qantas flight. The rule is that you must include two oneworld airlines other than Qantas. The itinerary must include oneworld airlines only, so no Emirates for example.
I wonder what the taxes will be? Taxes make any non business class reward flight not worth it for me … ie return flight to LA is around $430 from Melbourne
What the…. I need a 140k of points to get 3 x Mel -> Bris return flights!
Round the world trip for 140k seems like a great deal.
$149 annual fees not too bad~!
bummer,I just got declined,
probably too many applications in the past 3 months
Ouch.
What’s the minimum income required for this card?
$3k according to OP.
Just a tip - seems credit utilisation can be a bit of a killer in applications. I had about $2,000 utised on a card (I leave it to autopay from a high interest savings account right on last day) and was offered a lower tier card when trying to apply for a platinum card. Next day moved $2,000 over to pay it off and declared having $2,000 less savings, instantly accepted.
Income, not credit limit
Me too. I have lots of inquiries over the last few years but none in the last 3 months. What was your score?
Do you have a high credit utilisation rate? I've found this has been the main factor in applications for me.
No, I have 0 balance on the 1 card I hold. It must have either looked at the outright score, or the number of enquiries over the last 12+ months.
Oh crap. I've done 6 apps in the last 6 months and just recieved provisional approval for this. Did you get this also or did they KB you immediately? I'm now getting worried.
Mine was 670 to 700 based on two differnt scores
However I did apply
For. 2 in july
And 1 in aug
Minimum credit limit?
edit: saw $3000!
Why not use the 89$ fee card variant on that page?
That's for the Business Mastercard. Scroll down further.
Ineligible transactions are, for example, BPAY transactions, cash advances, payments to the Australian Taxation Office, cash equivalent transactions, business transactions, balance transfers, and transactions for gambling or gaming purposes, any fee or charge, including any government charges or duties, interest and finance charges payable or paid on your credit card, transactions which are disputed, fraudulent or involve the abuse or unauthorised use of your credit card and payments and purchases which are refunded or reimbursed.
Ineligible transactions …
payments to the Australian Taxation Office
What a crappy, so called, "Business card" which excludes payments to ATO?
Many business cards do not earn on government transactions. This card does (if you read the terms!).
We will allocate 0.3 Qantas Points to your Qantas Business Rewards Account for every whole Australian dollar of the total value spent on government payments that is charged to your Credit Card.
Anyone knows the minimum salary for this?
It doesn't look like there is one.
To proceed with this application, the applicant must confirm the following. I am:
An individual, not a company
An Australian citizen or Permanent resident
Over the age of 18 years
Not currently bankrupt or insolvent
Do you meet all the above criteria?
Bendigo bank don't advertise minimum incomes, but assume somewhere between $15k-35k, closer to the $35k side of things.
Minimum income requirement ?
called the branch Even they are not able to to ans
i cant find the income requirement
Sweet, this can be lucky number 10 for the year
are you being legit?
How often do you apply for a credit card?
how long do you keep them for?
how many do you keep at the same time?
yes, 100% legit.
Frequency? Not quite every month, but most months.
How long do I keep them? Depends on how long the bonus points take to arrive, as I usually close immediately after that. Average is probably 4 months. Shortest time was less than one month (NAB) from approval date to close date!
The most at one time I have ever had was six, but averages 3 or 4. More importantly I try to keep the total credit limit down.
I only care about my credit score in the sense that I want to make sure it is "good enough" to avoid any declined applications. Hasn't happened yet. It has been remarkable steady this year, between 600-730.
I am eligible for the ANZ Black QFF 75k deal in early Nov, so this looks like great timing to slot in between now and then.
So how's it working out? I've not thought of doing that.
Got a lot of points?
I did the sums a couple days ago and worked out it's not worth paying the annual fee to have one of these - not enough benefit to offset the cost.
Not worth it? Take this deal for example. Even valuing the points at a conservative 1.0c per point (check the classifieds), this deals nets $651 (i.e. $800 less $149 annual fee).
@endolphin:
Yeah that's the initial deal, which is good. I was referring to the next year.
So… Is it working out? You'd have 500,000 points or so now right?
@bmerigan:
The initial deal is all I care about. I very rarely hold a card longer than 6 months.
And yes over 500k points, but I've also used a few.
Does this affect your credit score? Do you care about your credit score?
Bon chance mate. The way things are panning out, your run of luck may end in Bendigo. Worse places to fizzle, I suppose.
Wouldn't it make more sense to get e.g. the ANZ FF Black which has no annual fee and almost the same points bonus? I'm looking for a new card at the moment…
yes. unless you're one of those who have had an ANZ FF product in the past 12 months
Besides the limitation for people who have held and ANZ card in the past 12 months, ANZ Black has a higher minimum credit limit and a high minimum income requirement
How come no annual fee if they say " For ANZ Frequent Flyer Black, a Total Annual Fee of $425 applies which includes a $370 Annual Account Fee and a $55 Rewards Program Services Fee. " ?
Aww, they don't waive the 1st annual fee?
How many cards can u apply per year and not affect credit score?
I just did the westpac black and amex for 120k points so it is already 2x credit enquiry for this year.
i was lead to believe 2x cards every 6 months is okay
It's variable. Experian, Illion, and Equifax all assess you differently if you apply for many credit products.
For anyone who doesn't have these free credit check links already:
https://www.getcreditscore.com.au/login/dashboard (Equifax score)
https://www.creditsavvy.com.au/member/login?redirect=/member… (Experian score)
https://www.creditsimple.com.au/?ReturnUrl=%2fHome (Illion aka Dun & Bradstreet)
For the same credit history, I'm either on the bottom end of "ok" or the bottom end of "above average" categories with very different scores. (19-25 credit checks in 5 years)
Equifax is the largest credit bureau in Aus so getcreditscore is likely to have a more accurate score than the others.
Which is the best to use - are they free (ie whats the catch?)
Also is the main problem not to apply for too many credit cards per year? or have too many credit cards?
Any clues appreciated
They are free and get credit score imo would be the best due to the accuracy of the score.
With CreditSavvy (Experien data), i've found that every credit check deducts 30points amd i always apply whilst in the "Very Good" range Have only been knocked back by westpac, despite my rating as they looked at my 3-4cards a year history and flagged me as a risk.. but that was probably also because i had a st george within 6mths of the westpac application. Amex, cba, anz, st george and citi were happy to throw credit limits my way
just looking at the finder site, wouldnt the St George for an extra $30 annual fee, but extra 10k points be good as well?
Most of the ppl would've already got St.George, ANZ and Westpac cards. And also 3K credit limit and may be less income requirement (not known) than the other cards.
St George has a minimum credit limit of $15k. Bendigo only has $3k. wouldnt look as bad on your credit history. also, you can get both.
St George has an annual fee of $279
Does anyone know which of the credit agencies Bendigo check with?
if their credit card processing team uses the same as their mortgage lending department (which i assume they would), then it's veda/equifax
Do they count as the day you open the credit card or the day you close the credit card if they have minimum 12 months from the same provider?
Card closure date is when the 12 months exclusion count starts.
What about the start date - is this the application date or the card approval date?
Not sure about that one, but I would wait till at least the application date is after 12 months before I apply.. approval takes a few days only anyway.
You don't have an account or relationship until the card is approved and you accept (activate) the card
Very good offer. Unfortunately the Westpac dual Visa / Amex offer cost me 102 points so may need for that to recover first.
Hopefully this promo goes for a while.
Yeah that’s why I didn’t do that one. Double credit check was a no deal for me.
Goddmamnit and I just signed up to the Westpac Platinum Visa. This may be a better deal.
Does anyone know if I can cancel with WP and re sign with this instead? The card is currently in the mail (I've never had a CC before)
If the card is coming, it means you have already been approved and therefore a credit check has been registered.
Cancelling your card now would make no difference.
Might as well apply for this a bit later.
I have been given advice that It won't matter as to my credit score if the card still has zero balance. Can you confirm?
Not understanding your question.
No that’s not right. Every credit enquiry reduced your credit score, even if you apply and aren’t approved for a card. The advice you were probably given was more around your credit score dropping further if you don’t pay your outstanding balance on time.
Stick with the Westpac card - hit the minimum spend, pay back on time, get the points and then reassess then.
Given that you have no real credit history - I'd be tempted to slow down a bit. A new credit file is treated differently to one which has years of history.
I'd think carefully about whether you are going to get approved before you start churning. You may be better off keeping the Westpac until just before the annual fee is next due to build a bit of a history. The last thing you want to do is try to churn too soon, get rejected and then screw your chances …. which may not happen if you slow down a bit.
Not a bad deal when you compare the minimum spend to the mileage you but 0.6 Qantas points per dollar is pretty lame
Do you have to keep cards open while waiting for the points to be credited? I've got 2 cards i'm waiting on points for :(
Yes you do.
Nice try (above answer is correct)
Denied. First time in the last 4 years. Equifax score is "Good" and all other income/liability parameters are strong. Either they're very sensitive to credit enquiries or they are doing what Macquarie used to do and rejecting applications for people they think are unlikely to carry a balance.
rejecting applications for people they think are unlikely to carry a balance.
How would they know based on an application?
High income, lots of assets, low liabilities, low limit applied for. I.e. churners. I used to get rejected for the Jetstar card (Macquarie) time after time and I'm sure this was the reason.
However in this case they cited my creditscore as the reason for the rejection. I just looked, it's low 600s. They must be very sensitive to equifax scores.
How low if you don't mind me asking? My score is 752 - according to getcreditscore
This is good timing for me, I'll probably give this a go. I've never banked with Bendigo though, are they okay to deal with?