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Bendigo Bank Qantas Platinum Mastercard: Bonus 80,000 Qantas Points (Min. Spend $2,500 in 90 Days) + $149 Annual Fee

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Be approved and spend $2,500 on everyday purchases within 90 days of opening your account to earn 80,000 bonus Qantas Points.

  • $149 annual fee
  • Up to 55 days interest free
  • Minimum credit limit $3,000
  • Earn 0.6 Qantas Points per dollar spent
  • Points will be credited to your points balance within 3 months of meeting the spend criteria.

Link to finder deal: https://www.finder.com.au/bendigo-bank-qantas-platinum-maste...

Related Stores

Bendigo Bank
Bendigo Bank

closed Comments

  • +1 vote

    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?

    • +1 vote

      You aren't living up to your username. There are other deals with similar points that are 1st year free.

      • +2 votes

        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!

      •  

        Do they also have such a low min credit limit tho?

    • +8 votes

      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

  • +1 vote

    There is a similar Qantas product with no annual fee, but a higher monthly spend requirement out there as well.

  •  

    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 :(

    • +4 votes

      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.

  • +1 vote

    $149 annual fees not too bad~!

  • +1 vote

    bummer,I just got declined,

    probably too many applications in the past 3 months

    • +1 vote

      Ouch.

    • +1 vote

      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.

    • +2 votes

      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.

      •  

        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?

  • +5 votes

    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?

      • +1 vote

        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?

    • +1 vote

      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 ?

  •  

    i cant find the income requirement

  • +2 votes

    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?

      • +2 votes

        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.

        • +1 vote

          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.

        • +3 votes

          @bmerigan:

          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.

    • -1 vote

      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…

    • +1 vote

      yes. unless you're one of those who have had an ANZ FF product in the past 12 months

    • +1 vote

      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

    • +3 votes

      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

  • +1 vote

    just looking at the finder site, wouldnt the St George for an extra $30 annual fee, but extra 10k points be good as well?

  •  

    Does anyone know which of the credit agencies Bendigo check with?

    • +2 votes

      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?

  • +2 votes

    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.

    • +1 vote

      Yeah that’s why I didn’t do that one. Double credit check was a no deal for me.

  • +1 vote

    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.

        • +1 vote

          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.

    • +1 vote

      no way lol I've just got the Westpac card and it's wayyy better of a deal than this one!

    • +1 vote

      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.

  • +1 vote

    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 :(

  • +1 vote

    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.

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