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Platinum Rewards Mastercard



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



Earn Rates

RateCard TypeEarnsCondition
1.5 points for $1 spentMastercarduncapped1
  • Free Domestic Travel Insurance
  • Free International Travel Insurance
  • Purchase Protection
  • Extended Warranty


The Bendigo & Adelaide Bank Platinum Rewards Mastercard has a moderately high interest rate, a moderate annual fee and a moderate minimum credit limit. It also has a moderately low interest-free period.

This card’s Bendigo Rewards program allows cardholders to earn rewards points for every dollar spent on eligible purchases. Points can be spent on travel rewards, merchandise, gift cards and more.

This card comes with complimentary comprehensive travel insurance for up to 180 days, extended warranty on purchases and 90-day purchase protection insurance.

One additional cardholder is also allowed at no added cost. There is no balance transfer deal associated with this card.

Security-wise, cardholders are protected by the BendigoProtect card security system and the Protect+Pay app, which provides additional security such as temporary card blocking and choosing when to allow certain transactions.

  • Bendigo Rewards program
  • Complimentary insurance
  • Free additional cardholder
  • Moderately high interest rate
  • No balance transfer offer
  • Overseas spending fees

Who is it good for?

The Bendigo & Adelaide Bank Platinum Rewards Mastercard might suit people who want the ability to earn rewards that aren’t limited to frequent flyer miles. It might also suit couples or others wanting to share an account thanks to its free supplementary card offer.

Although this card’s complimentary insurance is good for travellers, overseas spending is subject to a fee, so it isn’t ideal for making purchases while abroad.

Those looking to transfer and pay off existing debt from another card likely wouldn’t benefit much from the Bendigo & Adelaide Bank Platinum Rewards Mastercard as balance transfers begin accruing interest immediately.

Likewise, this card isn’t particularly appropriate for those on a strict budget or who have trouble paying their bill each month as it comes with a moderately high interest rate.

What RateCity says

The Bendigo & Adelaide Bank Platinum Rewards Mastercard is a relatively well-rounded rewards card that focuses mainly on merchandise and gift card rewards. The allowance for an extra cardholder also makes it easier to earn points quickly with two people spending on a single account.

It also comes with complimentary travel insurance, which is a nice perk for travellers. However, with overseas fees and no frequent flyer points-earning potential, it doesn’t offer much else for the average globetrotter.

Similarly, without a balance transfer deal, this card doesn’t provide a significant incentive for people thinking about switching lenders.

And if you’re on a tight budget, you’d probably be better off shopping around for a card that provides more value for money as this card’s moderately high interest rate increases the chance of accruing debt.


To be eligible for the Bendigo & Adelaide Bank Platinum Rewards Mastercard, you need to be at least 18 years old and an Australian resident. You must also meet the bank’s serviceability criteria. When applying, you will need to provide proof of ID, proof of steady income (such as bank statements and payslips) and details of your employment. Applications can be completed online or at a bank branch if preferred.

About Bendigo & Adelaide Bank

In 2007, Bendigo Bank and Adelaide Bank merged to form Bendigo & Adelaide Bank, commonly known as Bendigo Bank. Together, they service over 1.3 million customers throughout Australia. Their head office is located in the central Victorian city of Bendigo, with business operating mostly in Victoria and Queensland. The bank provides finance products including bank accounts, credit cards, personal loans and home loans. Customers can do their banking online, via the app or phone line, or in-branch.

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