This was posted 1 year 4 months 28 days ago, and might be an out-dated deal.

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Bendigo Bank - Ready Credit Card - 0% Interest (for 18 Months - Expired), $0 Annual Fee, 0% International Fee, Travel Insurance

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Bendigo Bank - Ready Credit Card - 0% Interest (for 18 Months - Expired), $0 Annual Fee, 0% International Fee, Travel Insurance
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E5TOQUE on 30/11/2022 - 08:48 bendigobank.com.au (6901 clicks)
Last edited 08/03/2023 - 10:41 by 2 other users

Bendigo Bank Ready Credit Card

Seems they just released a new credit card to compete with the likes of Latitude 28 Degrees and the Bankwest Zero Platinum, but with lower credit limit requirements and a few more perks.

  • Bendigo Bank support joint credit card holders (one of the few banks that do this)
    https://www.finder.com.au/joint-account-credit-cards

  • 0% Interest for 18 months (then 19.99% P.A with 55 days interest free) Update 8 March 2023: Now 55 days interest free

  • 0% International Fee
  • $0 Yearly Fee
  • $0 Additional Card Holder Fee
  • 90 Days Travel Insurance
  • Extended Warranty on purchases
  • Purchase Protection on purchases
  • $3000 minimum credit limit

Might be good for people looking to go on overseas holidays over the xmas/ new year period and beyond.
Or for those wanting a credit card under a joint name with a partner.

Bendigo Bank is also considered an 'ethical bank' with no investments in fossil fuel's according to Market Force:
https://www.marketforces.org.au/info/compare-bank-table/

Financial Credit Card Insurance MasterCard Travel Insurance

Related Stores

Bendigo Bank
Bendigo Bank
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MasterCard AU
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closed Comments

  • Sindex on 30/11/2022 - 09:15
    +5

    Any price protection equivalent in the purchase warranty?

    • E5TOQUE on 30/11/2022 - 09:20
      +4

      I did a quick CTRL+F and typed in price protection

      Page 69 seems to be the page with all the info you need on price protection

      https://www.bendigobank.com.au/globalassets/documents/disclo…

      • saurabhgoyal93 on 30/11/2022 - 09:29
        +7

        AFAIK price protection is different from purchase protection

        • glide on 30/11/2022 - 09:40
          +1

          agreed - no mention of price protection in that doc that I could find

          • BepisCola on 30/11/2022 - 09:44

            @glide: I’m pretty sure there are no (fee free at least) CC providers that offer it anymore for new customers

        • E5TOQUE on 30/11/2022 - 10:10

          What's the difference?

          • MrFunSocks on 30/11/2022 - 10:33
            +9

            @E5TOQUE: Price Protection is really "price drop protection" - if you bought something for $100 and 6 months later it's now only $80, you make a claim and they'll give you $20 back. It's fantastic, especially for electronics.

            Purchase protection in this instance just seems to be insurance, and it has a $250 excess on every claim.

      • No Child Support on 30/11/2022 - 11:59
        +9

        Page 69, nice

        • Truck-kun on 01/12/2022 - 01:24
          +1

          Username checks out.

        • bigbadboogieman on 01/01/2023 - 12:23

          Summer of 69… 🎤🎶🥳🎉

  • BLAIL on 30/11/2022 - 09:17
    -1

    Can't wait for my car loan to be fully paid off in a years' time, definitely gonna get this even if they don't offer the 0% for 18 months anymore.

    • Bargaingeek on 30/11/2022 - 09:50

      is it hard to get a credit card with a car loan ? and how big was your loan ?

      I plan to get a car loan soon so I'm curious thanks for your help

      • BLAIL on 30/11/2022 - 09:53
        +1

        well to tell you the truth - i've put in three cc applications (all for 2-3k limit) in the past 2 years and both were declined because of the car loan. My car loan was 29k and due to extra repayments I expect to pay it off earlier (5-6 months earlier maybe)

        • Bargaingeek on 30/11/2022 - 09:55

          ok thanks for letting me know, that's very interesting, $29K is not that big of a loan, very common for ppl to take out $50K car loans which is what your average mid-sized SUV would cost. Sounds like banks are being very strict with giving out credit cards.

          I mean I really need a car so I'd rather just take the car loan around $25K

          • BLAIL on 30/11/2022 - 10:11

            @Bargaingeek: Well 29K was a big loan as i wasn't earning over 60k back then - if i take in account my current budget/expenses I can understand why I was declined. Really wanted the 0% purchase offers for the ones i applied to before.

          • gingerscale on 30/11/2022 - 11:45
            +2

            @Bargaingeek: Bargingeek spending 25k on a car? username DOES NOT check out

          • dcep on 30/11/2022 - 12:34
            +6

            @Bargaingeek: It's NOT common for ppl to take out loans on massively depreciating asset plus interest payment.

            Unless they're budgeting with cashflow on certain outcome that nett them with +ve gains from taking out such loan than not.

            • CheapWrangler on 30/11/2022 - 13:32
              +3

              @dcep: Yeah i wouldn't ever get a car loan. Especially on less than 60k a year.

            • BLAIL on 30/11/2022 - 13:38

              @dcep: the value of my car is still at the 25k-27k mark according to Redbook but I dont plan on letting go of it any time soon

            • ssfps on 01/12/2022 - 00:26

              @dcep: Good advice, however I'd suggest the second point rarely applies for a car loan.

        • Boomer85 on 01/12/2022 - 20:31

          Check the early termination fees may be not worth to pay out as 3-4 years ago, it was cheap money!

  • evgpek on 30/11/2022 - 09:17

    What are the conditions to activate travel insurance?

  • webtherapist on 30/11/2022 - 09:18

    0% interest for 18 months, does that mean you can bank owing to it and won’t have to pay anything for 18 months?

    • Wattsy305 on 30/11/2022 - 09:29
      +3

      There would be minimum monthly payments

      • webtherapist on 30/11/2022 - 09:33

        thnx

      • kehuehue on 30/11/2022 - 10:22
        +1

        So from what I understand there would be no interest charged if you pay the min amount (which would be what? $30?) after the 55day period as long as you are in the 18 month period from when you opened the account?

        • Benjkmv on 30/11/2022 - 12:18

          usually it would be 3-5% of your total outstanding balance, so if you have a balance of 2000, min would be $60-100

    • NoApostrophePlurals on 30/11/2022 - 09:38
      +1

      I'm interested to know how this 1 months work. Can use Thai card for everything for the entire 18 months and park the money I'd normally use to pay in my offset account for 18 months? Obviously only up to the credit limit I apply for.

      • BlueGlass on 30/11/2022 - 12:50
        +1

        Why stop there? Balance transfer the final balance to a new CC

      • HereToSave on 15/12/2022 - 00:32

        This is what I was thinking too.
        Also the balance transfer. Definitely worth looking into and setting up for when I come off low fixed rates.
        Can anyone assist.
        I earn $70,000 after tax and Mrs Earns $40,000 after tax.
        Expenses are about $50,000
        What limit could I possibly get without them denying.
        I currently have Kogan which I’ll probably keep that has $6000 limit.

  • fishwallet on 30/11/2022 - 09:19

    Hmm… is there a minimum spend on the card for travel for the travel insurance to activate? I'm going on x3 separate international holidays within 90 days, does anyone know if it's still relevant? Couldn't find anything in the terms and conditions. Thanks!

    • Shadowsfury on 30/11/2022 - 09:22
      +2

      Pretty common $500 min spend

      You'd probably need to spend $500 for each trip

      https://www.bendigobank.com.au/globalassets/documents/disclo…

      • JimmyF on 30/11/2022 - 09:29
        +1

        You'd probably need to spend $500 for each trip

        Correct, at the time to claim you would have to point out the $500 you spent to activate the insurance for that trip.

    • fishwallet on 30/11/2022 - 14:38

      Thank you!

    • Nom on 01/12/2022 - 01:08
      +1

      Usually you need to book your trip using the actual card - this is commonly what grants the insurance for that trip.

  • eddiet83 on 30/11/2022 - 09:29

    Exchange rates conversion the same as 28D?

    • E5TOQUE on 30/11/2022 - 09:32
      +1

      https://www.bendigobank.com.au/globalassets/documents/disclo…

      3.6 International Transactions

      International Transactions are Transactions which are
      conducted:
      • in a currency other than Australian dollars (AUD); or
      • in Australian dollars (AUD) with or using a merchant,
      payment processor, financial institution or other entity
      (including an online merchant) who is outside of
      Australia.

      It may not always be apparent to you that an online merchant
      is located outside of Australia.

      International Transactions performed using your Card which
      are performed in currencies other than Australian dollars
      (AUD), including refunds, are converted to Australian dollars
      (AUD) by the relevant Card Scheme using its relevant
      exchange rates and conversion process at the time the
      Transaction is processed. We will debit the Transaction to your
      Account in Australian dollars (AUD).

    • E5TOQUE on 30/11/2022 - 09:33

      Assuming they will operate the same as UP Bank? Being the same parent bank and all?

    • AAN on 30/11/2022 - 09:35
      +1

      As this is a master card, exchange rate are managed by them.

      • KaitoKid1412 on 06/12/2023 - 16:31

        Is the exchange rate just the one from MasterCard, or does Bendigo Bank add a margin to it?

  • Wolfy on 30/11/2022 - 09:36
    +3

    This appears to have the following advantages over BankWest Zero?
    90 Days Travel Insurance
    Extended Warranty on purchases
    Price Protection on purchases

    • E5TOQUE on 30/11/2022 - 09:37
      +3

      Yep and also:

      • Lower credit limit requirements to meet ($3000 vs $6000)
      • 18 months interest free at the moment
      • Joint account holders are possible on credit cards with Bendigo Bank

      and if it matters to you, they are an 'ethical bank' that doesn't fund fossil fuels. Bankwest being owned by Commbank doesn't meet that criteria.

    • Vvat on 30/11/2022 - 10:57
      +1

      Not product related but you'll also find a lot of branches are community owned and support a lot of local groups.

    • hd2002 on 30/11/2022 - 15:07
      +3

      BankWest Zero does offer oversea travel insurance

  • Feeblely on 30/11/2022 - 09:46
    +3

    The excess of $250 for most things seem terrible. $250 charged for activating extended warranty? Thats usually free on other cards.

    • kehuehue on 30/11/2022 - 10:25
      +4

      Purchase Protection - for each claim, need to pay $250. Pathetic. No where near 28 Degrees.

  • zintill on 30/11/2022 - 09:47

    Would I fall under eligibility for travel insurance if someone else had booked flights for me and I transferred them the money for my tickets?

    • E5TOQUE on 30/11/2022 - 09:52

      No,

      It seems you need to have spent $500 on the credit card towards your holiday expenses.
      Terms and conditions mentioned above in the comments will link you to what the eligibility requirements are.

  • sajidmib on 30/11/2022 - 09:48
    +1

    18 months interest free at the moment … for the 1st 18 months holding the credit card after that purchases left will revert to 19.99% P.a

    • E5TOQUE on 30/11/2022 - 09:55

      Updated the post to show this

  • hippyhippy on 30/11/2022 - 09:50
    +1

    If you use a service like afterpay which uses the credit card… does the card benefits still apply?

    • Jimbuscus on 30/11/2022 - 10:41

      Yes, it's a line of credit like having +$3,000 in account, you can stack it with AfterPay

  • Kremleen on 30/11/2022 - 10:16

    Any idea the upper credit limit they will give you on this card?

    • Vvat on 30/11/2022 - 10:58

      Comes down to servicing.

      • HereToSave on 15/12/2022 - 00:34

        How does servicing work?
        See my above comment please.

        • Skwai on 03/02/2023 - 08:30

          Servicing just means "your ability to service the debt".

          Basically it means how much debt is reasonable for your income/expenses.

          Someone with no income would not be able to "service" much debt. Someone with a high income can service more debt.

  • payless69 on 30/11/2022 - 10:25
    -3

    Sounds like Combank: Good news, your credit score is some of the highest! Bad news: Your skin is not fair enough to enjoy step pay!

  • samfisher5986 on 30/11/2022 - 10:28

    A little off topic but getting this as a joint credit card mean the bank giving a mortgage penalises you for the credit limit per person, or the credit limit between two people?

    • E5TOQUE on 30/11/2022 - 10:46

      Bendigo Bank have live chat on their website. Just wait for the live chat option to appear on the bottom right corner of the screen. Just ask them there. They are pretty quick to reply. I'd be interested to know too.

    • Vvat on 30/11/2022 - 10:59

      No, it's one facility. One joint liability

    • expatOz on 23/02/2023 - 15:05

      Does applying jointly improve chances of approval? I mean is it assessed taking into account both person's finances?

  • Traya1 on 30/11/2022 - 10:31
    +1

    Knocks 28 Degrees off, nice travel product.

    • Robot16 on 30/11/2022 - 11:12
      +2

      That's what I am rhibkinf too. 28 degrees doesn't have travel insurance anymore from a quick search. I could be wrong.

      • CoffeeKid on 30/11/2022 - 12:02

        I KNOW!!! I literally booked a trip on my 28 degrees card a couple of days ago and just found out now there's no longer travel insurance included. Soo annoyed!

        • Robot16 on 30/11/2022 - 14:20
          +1

          I checked before I booked some flights. Had to use the westpac card and citi to get a few covers in place… Before I cancel one of the cards

  • Nico3 on 30/11/2022 - 10:34
    +2

    Does the 0% interest for 18 months mean that this could be used like a “personal loan” or car loan for 18m interest free?
    Say I get a credit limit of $10k, can I use that to partially pay for a vehicle and repay that in 18m with no interest?

    • Vvat on 30/11/2022 - 11:02

      You'd be buying the car on the credit card, there'd be minimal payments each month. Dealerships may not take card payments also as they pay a merchant surcharge for card.

      Would likely come down to the lender as it would be outside of the recommended purpose.

      • adrianhughes1998 on 30/11/2022 - 11:54
        +1

        I did this with St George that had 0% interest for 15 months card. Threw down 6k on that and 4k on another card to get Qantas points off that one.

        Dealer charged me 130 bucks for both cards in fees. Pretty good way to pay back a loan without interest if you're able to within that period.

    • Kremleen on 30/11/2022 - 11:03

      I believe you can. PDS says you can use it for goods and services. Planning on doing the same

    • hsingh1186 on 30/11/2022 - 12:06

      This is what im interested to know. The guy I spoke to on the phone didn't really know himself.

      Is this essentially a line of credit like the Citibank Ready Credit where i can just transfer my approved limit to my bank account and do as i please with the cash?

      • Nom on 01/12/2022 - 01:10

        Is this essentially a line of credit like the Citibank Ready Credit where i can just transfer my approved limit to my bank account and do as i please with the cash?

        No.

        It's a credit card - you need to buy things on the card to use the credit.

      • Vvat on 01/12/2022 - 16:59

        Definitely not, that's a cash advance and will cost you from the start. Typically 20% or close to.

    • b2dz on 30/11/2022 - 13:10
      +1

      what

      • Futura on 30/11/2022 - 15:13
        -1

        Did I stutter?

        • gentlecrack on 30/11/2022 - 16:15
          +1

          No, but you would have to be a fluffer to the duck for the intended purpose.

  • yjun355 on 30/11/2022 - 11:25

    It's there any rewards program?

  • Cyphar on 30/11/2022 - 11:27

    Looks good. I recently obtained their Low Interest CC to make it easier for my car rentals. It's a decent card. This looks good but I only have a $2k limit on my CC by choice and the minimum one on this is too high. Still something to consider for down the road. Thanks OP!

  • MKwok on 30/11/2022 - 11:30

    Hi, what does 0% international fee means? And if I already bought my airline tickets, how to still be eligible to qualify that $500 spend? And does the travel insurance only cover myself or include my kids too?? Thanks

    • eltito on 30/11/2022 - 11:41

      1) 0% international fee means that if you purchase something in an international currency, there isn't a fee for this purchase (from the bank's side)

      2) It's been answered above, per OP "It seems you need to have spent $500 on the credit card towards your holiday expenses.
      Terms and conditions mentioned above in the comments will link you to what the eligibility requirements are."

      • davidem on 01/12/2022 - 13:40

        Page 4 of their T & Cs states “… An International Transaction Fee is payable in respect of all Transactions which are conducted in a currency other than Australian dollars (AUD)”. Now I’m confused.

  • BigBoy47 on 30/11/2022 - 11:36

    Even with no intl fee MasterCard exchange rates tend to be slightly worse than Visa rates, and there seem to be very few Visa cards with no intl fees (ANZ no longer sells theirs)

    • Shadowsfury on 30/11/2022 - 13:25

      I read the opposite online recently - Visa consistently had worse than MC.

      • BigBoy47 on 30/11/2022 - 13:45

        Yeah it’s really not as big of a deal as I thought, my source was from 2018 but it could well have changed

        (also could be different for different base currencies, this site used AUD)

  • zzymurgy on 30/11/2022 - 11:43

    The Allianz Rental Vehicle Excess insurance is all I need to make the change from ANZ Platinum, which costs $87 annual fee plus $100 excess per claim.

    On this card, there is no annual fee and the excess is $250.

    Which is peanuts when you consider how much rental car companies charge for damage.

    • drogog on 30/11/2022 - 12:19

      Did you have a look at how the travel insurance policy compares? Is it the same?

      EDIT: Looks like the ANZ Platinum card policy almost always has higher limits for each section in the international travel insurance policy, usually 25-80% higher for each line item. That coupled with the $250 required spend vs $500 for Bendigo, Australian rental vehicle insurance, and excess-free claims for purchase and extended warranty protection makes it worth the $87/year after the first year.

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