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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 (10568 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

    • 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.

      • HeWhoKnows 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.

    • goodfella 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.

  • brifog on 09/01/2024 - 17:23

    Wouldnt recommend this mob. Put in an application and got a call requesting payslips without blacked out information. Only stuff i had blacked out was irrelevant information such as annual leave balance and super contributions. Have done the same with various other institutions such as Amex, citi with zero issues so quite embarrasing that their "processes" require this information. Withdrew my application and going to go with the Bankwest card instead.

  • JohnB100 on 08/03/2024 - 16:16

    Major negative from my end. I opened the card, only to find out you are required to come to one of their branches IN PERSON to set up a direct debit.

    Will likely cancel the card again.

    • evgpek on 08/03/2024 - 16:19

      Direct debit to pay external invoices or for a credit card bill?

      • JohnB100 on 08/03/2024 - 16:19

        To pay off the credit card each month

      • rk7 on 08/03/2024 - 16:21

        I assume you can pay credit card balance using BSB transfer.

        • JohnB100 on 08/03/2024 - 16:22

          Yes but that's a manual process each month. DD is set and forget.

    • YesPleaseThankYou on 08/03/2024 - 18:50
      +1

      You will cancel for something as simple as that?

      The Bendigo Bank website suggests that DD can be established over the phone:

      Set up a direct debit
      Set up an automatic direct debit from your transaction account. Call 1300 236 344, or contact your nearest Bendigo Bank branch to find out how.

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

      • JohnB100 on 08/03/2024 - 19:20

        Thanks. I did call the call centre. Got through after 2h wait. Was told to contact my branch. Took me 2 weeks to finally get hold of them since they don't really answer their phone. Was then told I needed to attend in person as they need to witness me signing the DD form. I asked for alternatives, there were none.

        • YesPleaseThankYou on 08/03/2024 - 22:33

          Go through the Bendigo Bank complaints process, pointing them to the instructions on their own website.

      • HeWhoKnows on 29/10/2024 - 18:31
        -1

        @YesPleaseThankYou

        SORRY BUT YOU ARE INCORRECT, IT DOESNT SAY THAT AT ALL!

        It says "Call 1300 236 344, or contact your nearest Bendigo Bank branch to find out how."

        You have misinterpreted this wording I'm afraid to say as I know exactly from experience.
        All they will do is either email to you or hand you a direct debit request form

        You must complete this form, sign it and then take it to your local Bendigo bank branch.
        So if you collect the form at a branch, complete it then and there to save you a trip back to the branch

        For those that have the Bendigo Bank Ready Credit Mastercard and want to set up automatic direct debit payments on the due date, here is the form you need to complete
        (Unfortunately some Bendigo branches dont even know this exists).

        https://files.ozbargain.com.au/upload/137118/116888/direct_d…

        But it needs to be taken to a Bendigo Bank branch for processing.

    • butwhy on 18/06/2024 - 20:52
      +1

      Actually it is impossible to set up AutoPay from an external bank account. I just spent 30 minutes at a branch and they couldn't do it despite calling someone. They now tell me it is only possible from another Bendigo Bank account.

      There is no way to do it online or in the app. I messaged them via the app, and they told me I had to call up. Called and spent 50 minutes talking to 3 different people. Then they said to go into a branch as they couldn't do it on the phone.

      Half the Bendigo Bank people don't even know what AutoPay and I had to explain it to them.

      Embarrassing that a bank can't do this, given that every bill can do it.

      I think they want to make money by charging $15 late fees

      • HeWhoKnows on 29/10/2024 - 18:37

        If you already have the Bendigo Bank Ready Credit Mastercard and want to set up automatic direct debit payments on the due date, here is the form you need to complete
        (Unfortunately some Bendigo branches dont even know this exists).

        And yes, it can be paid from any bank account as the card has its own BSB and account number!

        https://files.ozbargain.com.au/upload/137118/116888/direct_d…

        But it needs to be taken to a Bendigo Bank branch for processing.

    • boomramada on 05/12/2024 - 00:58

      This is normal, so is Westpac

  • chossenger on 22/03/2024 - 11:54

    Anyone actually done a joint application?
    I can't see anything on Bendigo's site or terms specifying that it's available, and even the linked Finder page doesn't include it (if you drill down to this card's page, it specifies "No" on joint applications)

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