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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 (10325 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

  • donotuse on 04/12/2024 - 21:12
    +1

    The application process is more painful than applying for a Russian Permanent Residency.

  • Benzy on 04/12/2024 - 21:14

    I was planning to apply for this however I got Comm bank diamond and upgraded to ultimate to get the zero internation fees. Saves all the trouble going with this card.

    • fredblogs on 05/12/2024 - 00:11

      Thinking about doing that too, just a hassle to redo all my direct debits. Are you happy with the upgrade? Slightly less points though

      • Benzy on 05/12/2024 - 00:28

        Sorry just updated, 2 days ago. Not received card yet. So can't give you feedback.

        I already have Macquarie debit card and was looking for credit card with 0 transaction fees as had to cancel 28 degree due to monthly free.

        Thought about getting the Bendigo card but too much hassel based on comments here. Found the upgrade to the Comm Bank Ultimate card and upgrade was so easy (2 min switch in the banking website). It is the same card with 0 transaction fees so should be similar to Bendigo. Now I can only havevone card for my everyday use as well as for internation transaction.

        Let's see how it goes.

  • DontNeedThis on 04/12/2024 - 21:22
    +4

    I'm currently overseas and Commbank is ripping me off left and right. $22 for withdrawing $450 is insane. Not to mention all the exorbitant transaction fees.

    Commbank is the only bank I've ever been with. I'm switching to something else when I'm back.

    • montorola on 05/12/2024 - 10:45

      Commbank is the only bank I've ever been with

      My condolences.

    • hashtagbargain on 06/12/2024 - 00:56

      Same, had this happen last month. Complained to them and said these fees are unexpected and too high. Asked them to waive it and they complied as a once off!

      • DontNeedThis on 06/12/2024 - 02:50

        What do you mean they compiled as a once off?

        • hashtagbargain on 06/12/2024 - 09:22

          They were happy to do it once, but can't be guaranteed in the future.

    • Jared17 on 07/12/2024 - 02:44
      +1

      Never be loyal to any bank. They treat their customers like peasants to suck their life savings from. Unless you are that 1 percent. Then the bank will treat you like royalty cuz you are the one sucking the money out of the peasants.

      • DontNeedThis on 07/12/2024 - 02:47

        Unfortunately, in this case, I am the peasant.

    • Hvrd on 07/12/2024 - 12:44

      they prey on new immigrants, they make themselves out to be the bank of australia

  • indomatic on 04/12/2024 - 21:27
    +1

    Anyone know if you can open an individual account and then change it to a joint after the fact?

    Getting to a branch is just a bit of hassle atm.

  • goranoh on 04/12/2024 - 22:11

    For me the process for getting this card was straight forward I went to the bank they fill all the forms after 3 days I received a email that application is approved one week after that I get the card,I used overseas as well no fees,very happy with this card.

    • freeb1e4me on 05/12/2024 - 01:04
      +1

      Are you suggesting that applying in person is faster than online? Is that because you already bank with them so you didn’t need to supply documentation?

      • goranoh on 05/12/2024 - 16:30

        Correct if you applying in person is faster than Online and in the same time you will supply all the documents like I did and everything will be done in days.

        • freeb1e4me on 05/12/2024 - 18:20

          I’m surprised they didn’t tell you to apply online. Most banks try not to deal with customers if they don’t have to.

          What documentation did you have to supply?

  • Ave Maria on 05/12/2024 - 01:20

    I applied on 28th September, still waiting in the approval queue. Not likely to be buying Christmass presents or anything else with this card (it ain't arrving any time this year).

  • perthhunter on 05/12/2024 - 10:27

    not recommended - very slow and painful application process

  • montorola on 05/12/2024 - 10:46

    So I was approved for a 3k limit, but I'd like to raise it to something higher to prevent maxing out.

    Apparently you gotta go through the whole application process again!!

  • Silmo on 06/12/2024 - 10:46

    With all the benefit, this sounds like one of the best or if not the best credit cards for those who want to avoid yearly fees however, it requires 0% charge on international transactions.

    Tho, thanks to Ozbargain, we discovered that it's a pain to get the approval. Even for those who have high credit scores.

  • Ave Maria on 07/12/2024 - 11:37

    Do not do business with this sorry excuse of a bank. After 10 weeks of waiting, and providing all required documents from day 1 they rejected my application.
    In the mean time AMEX, COLES, VIRGIN, Bankwest accepted my application next day.

    "Thanks for applying for a Bendigo Ready Credit Card. Unfortunately, we can't approve your application as it did not meet our credit eligibility guidelines."

    • Nom on 08/12/2024 - 20:03

      Have you asked them exactly what the eligibility guidelines are ?
      "Secret" rules are infuriating !!

      • Ave Maria on 09/12/2024 - 01:18

        No need to ask. If you apply and get another credit card while waiting for Bendigo to look at your application, they will reject your applications as not meeting their credit eligibility guidelines when 10 weeks later they do an illion enquiry and find out you have obtained other credit cards. I know that because I checked my illion record and they made an enquiry on the 7/12/2024 (same day they rejected me) - that was Saturday! When I applied (28th September) I only had the Macquarie Black Card that I was planning to cancel as soon as I had another card to replace it with. While Bendigo was on the slow train, I appied and got apppoved for other cards next day. My advice is go for BankWest or Coles (MasterCard), VIRGIN (VISA) or even AMEX. It is not a crime to hold all 3 credit cards. I had and used them all in the past but chosen to just keep one 3 years ago & the reason I had to apply again. Unfortunately some banks will look at the sum of all your available credit lines (even if none is used) and rejections is the immediate outcome - easier to reject than follow up with the applicant to clarify.

        • YesPleaseThankYou on 09/12/2024 - 07:39

          Unfortunately some banks will look at the sum of all your available credit lines (even if none is used)

          I'm not sure you understand how credit assessment works.

          All credit providers will consider your total available credit, even if the balance is zero. This is because you have the credit available to you and you could use it at any time.

        • Nom on 09/12/2024 - 10:41

          While Bendigo was on the slow train, I appied and got apppoved for other cards next day.

          Right, so obviously your application was rejected - I think you need to go and read up about credit serviceability.

          Unfortunately some banks will look at the sum of all your available credit lines (even if none is used) and rejections is the immediate outcome

          Yes, that's what every bank does - that's how credit approval works 🤷🏼‍♂️

          They have various formulas and various levels of care between them, so the exact rejection level is different for every bank.

  • tqf8h on 08/12/2024 - 18:03

    Might apply for this card sometime next year, when the backlog will hopefully have cleared, and then I can close my 28 degrees. How long do you think that will take, for approval times to take about a week again?

    • Ave Maria on 09/12/2024 - 01:03
      -3

      Try 10 weeks plus, even next year. And likely to be rejected at the end if you already have other credit cards.

    • YesPleaseThankYou on 09/12/2024 - 07:41

      Why would you wait? What if the backlog is never cleared?

      Your 'logic' is hard to follow.

      • tqf8h on 09/12/2024 - 08:23

        I'll reduce my credit limit for my citibank card once the payall gets cancelled. There would be no need to keep a high limit on that card as I wouldn't really use it much. That will hopefully improve the chances of getting approval for this card

    • CodeXD on 09/12/2024 - 09:41
      +1

      Just apply for this card whenever you can. If you want to wait to close off an account then do it. No one can tell you how long it will take for approval in the future, only now.

  • applechewz on 10/12/2024 - 12:09

    Bendigo Bank CC finally approved!
    - Applied 4th October
    - Approved 10th December

    • timhn on 10/12/2024 - 22:45

      Add 2 weeks waiting for the physical card arrived - but good that you can add the digital card to your phone.

  • baagainboy on 13/12/2024 - 16:29

    Bendigo Bank CC approved.
    - Applied 12th September
    - Approved 3rd December

    Had to provide additional ATO paperwork as well. Card comes 1.5 weeks later.

    Looking at the travel insurance - I'm surprised that the coverage and benefits are quite reasonable.

  • crossgun on 15/12/2024 - 17:10
    +1

    Approval came through this morning - went from pending assessment to just straight full approval with nothing else queried or needed to provide.
    Originally applied on 12 Oct so it looks like the 2 month-ish turnaround is still the usual.

    • danzha on 15/12/2024 - 20:39

      Yep similar story here, 10 Oct - 14 Dec for me

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