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Bendigo Bank - Ready Credit Card - $0 Annual Fee, 0% International Fee, Travel Insurance

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Bendigo Bank - Ready Credit Card - $0 Annual Fee, 0% International Fee, Travel Insurance
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E5TOQUE on 06/12/2023 - 16:40 bendigobank.com.au (16221 clicks)
Last edited 10/07/2024 - 22:35

Bendigo Bank Ready Credit Card

This is a repost from the original deal here:
https://www.ozbargain.com.au/node/742184/

Remember OzBargain has their Wiki here for all cards similar to Bendigo Bank's Ready Credit Card.
https://www.ozbargain.com.au/wiki/cards_with_no_overseas_tra…

This card could be good for people looking to go on overseas holidays over the xmas/ new year period and beyond.
It has some advantages other cards don't have like a lower minimum credit limit, joint accounts and travel insurance.

Joint Accounts Available

Bendigo Bank support joint credit card holders.
Joint account means the credit facility is opened under two peoples names. Not many banks offer this on credit cards.
https://www.finder.com.au/joint-account-credit-cards

BSB/Account Number linked to the card

Which enables you to send fast payments directly onto the card. No need to send money in via BPAY.
Not all banks support sending fast payments via BSB/Account No, so you will need to check with your respective bank.

Other features

  • Uses the Mastercard Exchange Rate (https://www.mastercard.us/en-us/personal/get-support/convert…)
  • 0% International Fee
  • $0 Yearly Fee
  • Joint accounts available (you apparently need to go into a branch to set this up)
  • $0 Additional Card Holder Fee
  • 90 Days Travel Insurance (inc cancellation cover)
  • Extended Warranty on purchases
  • Purchase Protection on purchases
  • $3000 minimum credit limit

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/

Enjoy.

Financial Credit Card Insurance MasterCard Travel Insurance

Related Stores

Bendigo Bank
Bendigo Bank
MasterCard AU
MasterCard AU
Marketplace

Comments

Old
Search through all the comments in this post.
    • antirealist on 07/12/2023 - 11:13
      +2

      It's a little complicated. Lots of cards (see those recommended elsewhere in the comments) are pretty good, e.g. UP, Wise, Maquarie (what I use), all have small pros and cons, all have no foreign ATM fees (as charged by the card itself) and use the visa/mastercard rate (as good as you'll get).

      Some ATMs in some countries will charge an additional fee, which is hard to avoid (I think some cards e.g. 28 degrees might offer to reimburse for these fees but IDK I've never tried). The last places I travelled are Indonesia (no fees for any of the ATMs I used) the US (no fees), Mexico (no fees), and the Phillipines (every ATM charged a flat fee so the play was to find the ATMs with the biggest withdrawal limit). All of that comes down to the bank you withdraw from so it's subject to change.

      I strongly disagree with the commenter recomending money changers. Maybe there are some countries where this is true but in general they charge a much worse spread than mastercard/visa.

      • StingyGeek on 08/12/2023 - 15:37

        You mentioned you use the Maquarie card. I have recently got one and plan to use it in the US to draw cash. Can you tell me which US ATMs had no fee?

        • antirealist on 11/12/2023 - 09:28

          Hi stingygeek. So I tried to look into it, and am now worried that I might have misremembered the US experience. In retrospect I believe there were fees (something like a few dollars), but I was able to withdraw large amounts (e.g. 1K US) which made the fee a small percentage.

          In terms of what ATMs to focus on in general, I previously had a citi card and found this resource very handy. I'm not sure whether other cards (e.g. Maquarie) are exactly the same in terms of ATM fees as citi was but it wouldn't surprise me if ATMs had a consistent 'foreign card fee' which is the same for every card, in which case this info might actually generalise decently. https://whirlpool.net.au/wiki/citibank_plus_transaction_acco…

    • legelas on 15/02/2024 - 12:58

      Yes with debit card. Big no no with credit card :)

  • Scrooge McDeal on 06/12/2023 - 17:44

    @E5TOQUE do you know until this offer it's valid? Or it's unknown? I mostly likely will travel next year so this deal looks very good.
    And thanks for posting. 👍

    • E5TOQUE on 07/12/2023 - 09:20

      Its been out for about a year. I am guessing this credit card is a product Bendigo Bank will be keeping around for a while yet.

  • Brub on 06/12/2023 - 17:47

    Which is better? This or the Bankwest Mastercard Zero Platinum card? They seem to offer the same thing…?

    • npnp on 06/12/2023 - 18:08

      I would like to know this too (have been using Bankwest zero platinum for few years and can't recommend that enough.) Although the insurance isn't the best (i.e. NAB credit card insurance is much better than Bankwest one)

      • Brub on 06/12/2023 - 18:13
        +1

        From what I could glean from another poster:

        Pros

        • 90 days travel insurance (vs. 31)
        • $3000 minimum limit (vs. $6000)
        • Extended Warranty on purchases
        • Purchase Protection on purchases

        Cons
        - Minimum $500 spend on travel expenses to activate travel insurance

        I don't know if that's worth the hassle of opening/closing a new card though.

      • Poor Ass on 06/12/2023 - 18:21

        but NAB credit cards mostly have international fees now and $500 to activate for international insurance coverage

        • fozzie on 06/12/2023 - 20:17

          Anz only $250. I have the rewards one which is about $70 a year (which I mostly earn in points).

  • ozchobie on 06/12/2023 - 17:50

    We recently applied and used this card for our Japan Trip last month. Great card for the added free insurance. We only prepaid one of our hotels via Agoda to activate the insurance early on.

    Only gripe is the app lacks basics features like in and out transaction notifications.

    For atm cash withdrawals, we use our ING card.

    • KaitoKid1412 on 08/12/2023 - 09:09

      Does it tell you if insurance is activated, or do you have to keep track yourself?

      • ozchobie on 08/12/2023 - 09:44

        Nah as soon as you spend at least 500 towards the trip, the insurance is implied.

  • epicttiimm on 06/12/2023 - 17:55
    +11

    My Ozbargain travel tips:

    • Use AMEX for booking and their Travel Insurance (tends to be the best).
    • Use a Mastercard/Visa Credit Card with no FX fees. Even better if your no FX card (1) earns points, and (2) has a sign on bonus. The Commbank Ultimate Awards and Bankwest Zero Cards come to mind. Use this for all purchases overseas. You might meet enough minimum spend for a few thousand FF points towards your next holiday!
    • Use a debit/travel card with no FX withdrawal fees for cash. You can either use a card which you can pre-convert currency (Wise, HSBC, Revolut etc) or just convert on the fly with other cards (Ubank, UP, etc). Up to you to predict on the exchange rate.
    • npnp on 06/12/2023 - 18:11

      I have AMEX but their eligibility requirement kills the benefits of the travel insurance. NAB has similar insurance but eligibility criteria is much better (plus much less annual fees).

      My quick recommendations:

      1) NAB signature card for insurance
      2) Bankwest zero platinum for credit card transactions
      3) ING for cash withdrawals + any debit card requirements

      • fozzie on 06/12/2023 - 20:18

        Check Anz, I think they are the best.

        • npnp on 06/12/2023 - 20:22

          ANZ and NAB has same insurance I believe. But who wants to deal with ANZ credit card application? No thanks for that experience.. lol. If you have an ANZ credit card, good on you..

          • fozzie on 06/12/2023 - 21:43

            @npnp: I didn’t know it was hard to get a credit card with them. It has been very easy for us.

    • huntingforbargainz on 06/12/2023 - 20:44

      What's FX?

      • jaydisc on 07/12/2023 - 08:03
        +1

        Foreign Exchange (currency conversion)

    • OzFrugie on 06/12/2023 - 23:04

      Thanks for the tip!

      Interested in Commbank Ultimate Awards but noticed its only fee free if spend at least 4k per month.. big requirement, otherwise have to cop $35 fee pm which is quite steep..

      Bankwest Zero does not have reward points, does it?

      Atm im using 28D and Wise/Revolut..

  • Brick50 on 06/12/2023 - 17:58
    +6

    Is this really a deal considering Bankwest Zero Platinum offers the same thing, it's more an everyday price rather than a deal or hack.
    The other benefit is they run on WA time so you have more time to contact them in the afternoon

    • souths123 on 05/06/2024 - 19:53

      no free travel insurance after sept this year though

  • life is suffering on 06/12/2023 - 18:01

    Useful deal

  • Poor Ass on 06/12/2023 - 18:08

    Are there any cards out there that also have $0 Annual Fee, 0% International Fee and Travel Insurance?

    • E5TOQUE on 06/12/2023 - 19:50

      See the Ozbargain wiki thats linked in the original post.

  • MelbBoy on 06/12/2023 - 18:11
    +1

    I already use the Bankwest card, but more options & competition is always a good thing !

  • Poor Ass on 06/12/2023 - 18:12

    does anyone know if this uses the same no fee exchange rate as 28 degree, Coles mastercard, UP or could there be different rates for the same amount?

    • E5TOQUE on 06/12/2023 - 19:51

      Uses the Mastercard rate.

      Same as UP, Bankwest, 28 Degrees, etc.

  • Poor Ass on 06/12/2023 - 18:17

    is there a website or page that compares all the travel insurance cc's?

    • evgpek on 06/12/2023 - 19:11

      This 500$ spend
      Anz 250$

  • amsaini15 on 06/12/2023 - 18:58
    +5

    Everyone is talking about using ING card for cash withdrawal but they have started charging fees now. It's not completely free. Is there any card (debit or credit) for free cash withdrawal overseas?

    • ohyesss on 06/12/2023 - 19:52

      Shit didn't know this and going on a trip soon.
      Looks like Ubank has free international ATM withdrawals

    • ozchobie on 06/12/2023 - 19:56

      ING can reverse charges made by the international bank (up to 5x a month if you meet qualifications) even if the ING side won’t charge you.

      The other banks like ubank for example won’t charge you on their end, but I don’t think they have the feature to rebate whatever the international bank will charge you.

      I don’t think there’s any other banks aside from ING that can do the rebate on the charges made by the international ATM.

      • potm on 06/12/2023 - 20:51
        +1

        You're a few months too late, the atm rebate feature is gone.

        • ozchobie on 06/12/2023 - 21:20

          For some reason, I have mine rebated just last November 10 in a 7-eleven ATM terminal in Japan. Shown as "International ATM Fee Rebate +$5.00"
          Is that different?

          I believe they will still do the first 5 international withdrawal rebates free per month if you meet the requirements vs the old unlimited rebates. https://www.savings.com.au/news/ing-international-atm-operat…

          • Igaf on 06/12/2023 - 21:51
            +1

            @ozchobie: Interesting, except the linked article appears to contradict itself. One comment (not official ING T&Cs) says they will conditionally offer 5 free rebates here and OS, whereas what seems to be an official ING quote at the end specifically excludes international fee rebates. Iirc you've mentioned your actual experience on another deal (?) so maybe they're selectively applying a rebate.

          • evgpek on 06/12/2023 - 22:04
            +4

            @ozchobie: 5$ is ING’s fee which it waves first 5 times for eligible customers

            Maybe you got lucky and that ATM did not charge any own fees

            • Igaf on 06/12/2023 - 22:17

              @evgpek: Doh! That's it. They're rebating ING fees not OS ATM owner fees. Was also discussed on a previous deal.

    • theknight27 on 07/12/2023 - 12:36

      What fees are they now charging? I must've missed that.

  • AirbusA389 on 06/12/2023 - 19:03

    3k credit limit. I wonder what's the payslip requirements to get this approved?

    • Skinnerr on 06/12/2023 - 20:56
      +1

      Wonder if me Cenno will cover it…? 🤔

    • Naigrabzo on 07/12/2023 - 11:49

      Apaprently people can manufacture their own payslips!?! There was an article on ABC about this.

  • tabboy on 06/12/2023 - 19:25
    +3

    Looks like you need to spend a minimum of $500 on prepaid travel costs before leaving Australia to get the complimentary travel insurance.

    https://www.bendigobank.com.au/personal/credit-cards/my-card…

    • Brick50 on 06/12/2023 - 19:43

      Yes, Bankwest card does not require you to spend anything to get the insurance.
      I wouldn't call this a deal for that reason, as well as the fact that it's available all the time and not a "hack" like a lot of other reposted deals are

      And it's not like these cards are not known about, if you google annual free cards or international fee free card they are easy to find and compare

      • E5TOQUE on 06/12/2023 - 19:55
        +3

        Bendigo has some advantages over Bankwest too.

        • 90 days international travel insurance (Bankwest is 30 days)

        • Travel Cancellation cover (Bankwest doesn’t have it)

      • tabboy on 06/12/2023 - 19:56

        Thanks, I'll get a Bankwest card instead.

      • evgpek on 06/12/2023 - 20:01
        +2

        True but with Bankwest you have to pay upgrade fee for further benefits such as

        Additional expenses, cancellation costs, special event expenses, rental vehicle insurance excess, baggage delay expenses, travel documents protection, travel delay expenses, domestic pets boarding, overseas funeral or cremation expenses, travel services provider insolvency, and resumption of journey costs, as well as coverage for loss of income.

        https://www.bankwest.com.au/content/dam/bankwest/documents/l…

        Free cover is basic

      • souths123 on 05/06/2024 - 19:56
        +2

        bankwest are withdrawing their complimentary insurance from Sept this year………

    • notewar on 04/12/2024 - 22:37

      Buying plane ticket counts?

  • ozchobie on 06/12/2023 - 19:53
    +10

    For those comparing Bendigo Ready and Bankwest Platinum Zero :

    *Bendigo Ready can cover up to 90 days consecutive international travel vs Bankwest Platinum’s 31 days
    *Bendigo Ready includes travel cancellation cover in its complimentary insurance vs Bankwest Platinum Zero does not, and you have to pay for an upgrade to get this covered
    *Bendigo Ready requires you to spend at least $500 towards your travel to activate the insurance vs Bankwest Platinum Zero has no minimum cost requirement.

    (Can correct me if I got anything wrong)

    • KaitoKid1412 on 08/12/2023 - 09:02

      Minimum credit limit of 3k with BB, 6k with BW

  • ocular on 06/12/2023 - 20:46

    Wise debit card allows free cash withdrawal up to x2 /month (presumably calendar month) for a total of $360AUS equivalent, after that there is a $1.50 per transaction and an added 1.75% transaction fee ( also there is often a 3rd party atm transaction fee on all withdrawls)
    I do like the using the wise app and setup. There is no reliance on SMS for authorisation - which sometimes is a hassle OS, but internet access is required for app access. There is no need to inform Wise about your travel arrangements. Debit cards dont seem to work well at hotels for holding fees.
    Its always a good idea to have a backup credit card for eftpos transactions, I use my legacy 28degrees (Latitude) card as eftpos OS. But you have to notify them before about your travel through a tiresome phone system and may need an SMS system to keep the card working. Some of the more remote Asian Banks/Merchants may not accept your Mastercard/Visa Network card even though it has the machine has the logo.
    Have a paid NAB card that has travel insurance if you use card to pay >$500 of your trip.

  • Skinnerr on 06/12/2023 - 20:59

    What about HSBC global?

  • thegamerulez on 06/12/2023 - 21:14
    +1

    Stupid question but how exactly will they make money on this? For someone who sets up the necessary direct debit etc. I am basically using someone else's money for 30-40 days with no interest.
    Are they just hoping people go crazy with spend and then miss payments at which point an interest at exorbitant rates kicks in?

    • Igaf on 06/12/2023 - 22:10
      +1

      Banks also get fees from users of their card (ie merchants). I suspect (but don't know) that's what generates most of their card profit. Their service fee is why ALDI for example adds a 0.5% fee for c card use. Other businesses simply defray the cost over all sales.

    • kev98 on 06/12/2023 - 22:14

      Yes

  • Poor Ass on 06/12/2023 - 22:30

    will this ask for a payslip?

  • furyou on 06/12/2023 - 22:33

    Is hsbc global Better because it has all of these features and you also get 2% cash back?

    • ozchobie on 06/12/2023 - 22:42

      Eh? Isnt that the debit card? You dont get any features aside from the 2% cashback. This is a credit card with platinum features.

    • timhn on 06/12/2023 - 22:46

      This is a credit card while HSBC is debit card.

  • st1ng on 06/12/2023 - 23:05

    Only downside with this card is your slugged a $3 for a purchase via The Lott. Never happened with other credit and debit cards I have.

    • ozchobie on 06/12/2023 - 23:19
      +3

      Never use your credit card for gambling.

    • johnjones8 on 07/12/2023 - 01:01
      +2

      Never happened with other credit

      Which bank/vendor? Thought most if not all of them either outright don't allow online lotto purchases or treats it as a cash advance hence the fee?

  • payless69 on 07/12/2023 - 02:41
    +1

    Time to bend over to Bendigo?

  • josem on 07/12/2023 - 06:57

    Came back from Japan recently. I always bring ING and Macquarie debit cards for ATM and Bankwest credit card for purchases/hotels.
    ING still rebates the international ATM fee of $5. For ATM cash rates, I found I got better rates using the Macquarie debit card than ING (one hour later maybe the rates changed ?).
    Please be reminded that the Bankwest free travel insurance does not include travel cancellation (flights, hotel, tour etc.). Cancellation is an option now and the quote I got for adding cancellation is more than getting a full Allianz Travel insurance. Cancellation is still included free on other credit cards with free travel insurance.

    • YesPleaseThankYou on 30/12/2023 - 20:05
      +1

      ING still rebates the international ATM fee of $5

      ING is rebating its own fee (only). ING is no longer rebating the operator fee.

      • Mugsy on 08/01/2024 - 13:24

        Hoop jumping 101… create a fee and make customer meet requirements for said fee to be waived.

        The smart customer will find a better bank that just doesn't have said fee.

  • Hugh G Rection on 07/12/2023 - 07:20
    -1

    usually with the 0% international fee they rip you off with horrible exchange rates. maybe i will give this a try, seems like people like it.

    • E5TOQUE on 07/12/2023 - 09:23
      +2

      Read the OP.
      They use the Mastercard Exchange rate. Its pretty close to the real exchange rate.

      • Dr Phil on 29/10/2024 - 18:19

        There is no "real exchange rate" as such.
        There is always a buy and sell price and its always changing.
        There is a "mid-point" which is the common reference point.

        But yes, Mastercard offers great exchange rates.
        Usually somewhat better than the "cash exchange rate"
        Makes no difference if a debit or credit card, nor if a free card or no foreign exchange fees or 3% fees or annual fee.
        Those are all the banks call.

  • Jared17 on 07/12/2023 - 09:41

    Now that my go to card for atm and purchase while overseas, the Citibank debit card is going to be discontinued, Im lookinh for something similar.

    If I'm only looking at debit cards only with no credit card application needed
    Is the ing card the closest? Or the Macquarie one?

    • ozchobie on 08/12/2023 - 09:50

      ING is good however, you have to meet their requirements to get the monthly advantages. If you can do this then yes it still is the best. Ubank is my preferred now for less hoops after I cancelled my citibank. It has a great app and good interest rates for savings.

      • 1bargain on 08/12/2023 - 09:55
        +1

        Have you looked at the Nab Classic which is being set up for Citibank transfer? Doesn’t it have no foreign transaction fee and a few things from the old Citi account? Wouldn’t it be good to keep as there’s no fee anyway?

        I long to have a Citibank for traveling and only set up in May this year and got to use it first time and last time. What a shame. But I thought the new account will be grandfathered?

        • ozchobie on 08/12/2023 - 09:59

          I have nab debit just for my extra shopback rewards already. I only signed up recently. I have too many bank accounts already so I find something that has extra pros for me like good interest rates which ING and ubank has. Also their apps are really good. I found the apps for other banks like Citibank and HSBC were really badly designed.

          • ozchobie on 08/12/2023 - 16:06

            @ozchobie: Oh my bad. I thought I have NAB, it’s the westpac debit card that I have sorry.

        • Jared17 on 22/01/2024 - 11:27

          The thing is nab doesn’t have atm overseas if I’m not wrong

      • Jared17 on 22/01/2024 - 11:27

        Yeah ING was my second option but the conditions are a hassle. Thanks for the suggestion though

  • iJeff on 07/12/2023 - 10:42

    Can anyone comment on the transaction settlement date on Bendigo Bank transactions? With Macquarie and ubank the transaction posts on the same date it was made which makes finding a past transaction on a statement quite easy.

    I ditched ING because the dates on transactions were all over the place and made accounting very difficult.

    • clicknowthinklater on 07/12/2023 - 11:12

      Just went to one of my Bendigo CC transactions and it has Paid on 25/11/23 and Processed on 29/11/23 in the transaction details screen

  • Ryansta on 07/12/2023 - 11:36

    How good is this for travel insurance? We always get travel insurance from a third party, seems wasteful after seeing its included.

    There is quite a bit of talk about using an ATM, does this Bendigo CC charge for using an ATM or is it only if there is a charge from the ATM owner fees?

    • ozchobie on 08/12/2023 - 09:51

      This is a credit card. ATM withdrawals will be charged as cash advance and are always expensive. Get a debit card like ING or ubank for atm withdrawals. Allianz Global provides the insurance.

    • R-Man on 27/12/2023 - 13:30

      Please never use a credit card for ATM withdrawals, both here and overseas

  • raspudala on 07/12/2023 - 14:18

    Bankwest Mastercard Platinum travel insurance doesn't include cover for cancellations (you need to pay for upgrade), so this looks like a better deal considering all other things are the same?

    • ozchobie on 08/12/2023 - 09:52

      Correct. I did mention this in my comment above among the major differences.

  • seug123 on 07/12/2023 - 18:54

    No COVID-19 cover

  • AR-MEL on 07/12/2023 - 19:12

    I have issues with the verification process because of name length and eventually rejected. Went directly to Bending bank, they gave me a paper form. I thought they would just verify my ID and complete the same form. But no.

    Checking the comments and tried Bankwest, same result.

    Any other bank offers similar Credit cards?

  • jedimaster on 08/12/2023 - 00:09

    Can anyone recommend a fee free debit card for withdrawals in Europe? Have citibank but not sure how it will be after NAB takeover.

    • ozchobie on 08/12/2023 - 09:52

      Ubank

    • R-Man on 27/12/2023 - 13:31

      Up

      And never accept the ATMs conversion rate, you can tap decline and still get money out @ your bank's conversion rate

  • goranoh on 08/12/2023 - 02:49
    +1

    @jedimaster UP bank

  • KaitoKid1412 on 08/12/2023 - 09:07

    Are there many international travel opportunities where the $500 minimum spend per person would be difficult to hit? With the cheapest tickets somewhere overseas ($250 return?) and a few nights of accommodation, that should do it right?

    • jayzee on 08/12/2023 - 18:21

      mainly to avoid the international transaction fee, which is usually 3% of the purchased value, it's $30 for $1000 foreign purchase, quite a stink to OzBargain community.

  • KanTakahashi on 08/12/2023 - 12:51

    Not sure should i ditch ANZ Rewards Travel Adventures Card for this one 🤔

    • StingyGeek on 08/12/2023 - 15:29
      +1

      I switched from an ANZ rewards card to The Ultimate. Card from CommBank.
      https://www.commbank.com.au/credit-cards/ultimate.html

      Three reasons to switch.
      1) Higher points earning rate, and the points themselves are worth more than ANZ points.
      2) No annual fee. As long as you spend 4K per month on the card, and pay the balance off each month.
      3) Free and Discount lounge access.

      • nightelves on 14/12/2023 - 10:53

        Just remember from February there’s no more free travel insurance with them.

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