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 (6905 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/

Related Stores

Bendigo Bank

MasterCard AU

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        Nom on 02/01/2023 - 09:51

        Great post 👍

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        surat on 02/01/2023 - 17:25

        Ahh thank you for the link.

        Anyone know which other credit card that has $0 international AND no fees for cash advance if I put my money in credit or position balance?

        • 

          timhn on 03/01/2023 - 08:26

          +2

          @surat: As suggested from modsec802, it's generally better to use a debit card with zero fx fees to withdraw cash from ATM. There are many like Ubank, Macquarie bank, UP bank, Citibank etc, that are quick and easy to get - there's a wiki somewhere here on that.

          Also note that the bank won't held liable on your surplus fund in your credit card.

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  offthetap on 04/01/2023 - 15:42

  i just got rejected for this after 24 hours even though my income level is high enough and have a 'good' credit rating (according to my equifax report)
  i called them up to ask why and they told me it was because i have applied for to many credit cards recently
  I pushed them pretty hard and said i have never defaulted on any loans or credit, have good income, plenty of savings but they still said there was nothing they could do…
  I actually only have 1 other credit card open at the moment too
  very interesting , looks like i will have to take a break from churning and burning for a while!
  keen to hear how others went applying for this…

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    goodfella on 04/01/2023 - 16:02

    How many did you open/close in the last 3-6 months if I may ask? And when did you open the current card you've got?

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      offthetap on 04/01/2023 - 16:07

      +1

      opened 4 in the last 6 months and closed 3 (1 is open) and the current one that is open i have had since October

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        goodfella on 04/01/2023 - 16:14

        Thank you for sharing! I was doing some observations on my credit score for a while and will stick to the "1 card in no less than 3 months" formula for myself. I've literally seen a "Credit Cards opened in the last 90 days" row on my credit file somewhere, so I think that's the minimum safe period. I opened a few within 3 months period before Christmas and my score got quite a hit, still restoring it gradually

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          offthetap on 04/01/2023 - 16:18

          +1

          @goodfella: yeah think i will wait until around march before i try and start churning and burning again!

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    expatOz on 12/01/2023 - 21:32

    +1

    Shitty algorithm if it doesn't take into account the cards closed.
    If I close 2 and open 2 is shouldn't affect the score as much as it does unfortunately. :(
    Equifax sucks, never had issues with Experian.

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    FirstWizard on 31/01/2023 - 13:49

    In the US they kinda penalise you for churning; no point in giving you a new card if you're going to close it anyway after a few months.
    I think that's making its way here too.

    Also, I don't think the actual score issued by the credit body matters as much. Each bank has its own metric they derive from your history events.

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  xdigger on 13/01/2023 - 13:19

  +1

  For those with Bankwest Zero Platinum credit card, is this good to switch to for the better domestic/international Travel Insurance, Extended Warranty, Purchase Protection ?

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    kolorijo on 02/02/2023 - 18:23

    Keen to know too

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  UncommonName on 26/03/2023 - 01:06

  +2

  So how's the experience of those who got this card so far?

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  seanw18 on 28/03/2023 - 12:31

  +1

  Time to revisit this after the Latitude data breach!

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