EXCLUSIVE | Bendigo Bank is making its first foray into frequent flyer-earning credit cards with the launch of the new Bendigo Bank Qantas Platinum Mastercard.
Customers can earn 0.6 Qantas Points per dollar spent up to 20,000 points per monthly statement period against an annual fee of $149: albeit lower than the also-new Qantas Premier Mastercard which serves up 1 Qantas Point per $1 spent up to $10,000 per month and 0.5/$1 thereafter, uncapped.
Bendigo Bank awards no points on payments to the Tax Office, although a minimum credit limit of just $3,000 with no defined minimum income threshold makes the card accessible to most workers.
Up to 55 interest-free days are provided on purchases when the closing balance is paid in full each month, otherwise an interest rate of 19.99% p.a. applies – or 21.99% p.a. from the time of purchase for cash advances.
Also included are Platinum basics such as travel insurance, extended warranty cover, 90-day purchase protection and access to the ‘guaranteed pricing scheme’, with Mastercard PayPass and Android Pay also supported: although not Apple Pay.
(2018 update: this card now supports Apple Pay, Samsung Pay, Google Pay, Fitbit Pay and Garmin Pay.)
A 3% fee applies to all overseas purchases, but there’s no extra charge for having an additional cardholder on the account, such as your partner or spouse.
The bank also issues a ‘Rewards Platinum’ Mastercard attached to the separate Bendigo Rewards program, although Bendigo Rewards points cannot be converted into airline frequent flyer points.