The Bendigo Bank Ready Credit Card has 2 key features for travellers: no international transaction fees and complimentary international travel insurance. Its ongoing $0 annual fee can also help you keep your credit card costs down. But keep in mind that it has a 19.99% p.a. interest rate for purchases if you carry a balance from month-to-month.
🥇 Best rated brand
Bendigo Bank Ready Credit Card
Terms and conditions apply
- Balance transfer rate with no balance transfer fee
- 19.99% p.a.
- Purchase rate
- 19.99% p.a.
- Annual fee
- $0 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
A no annual fee credit card that also offers no international transaction fees and complimentary overseas travel insurance.
Finder Awards winner
Customer Satisfaction Award
The Bendigo Bank Ready Credit Card is suited to people who want to save on credit card and travel costs, with no annual fee or international transaction fees. This can save you around 2–4% on overseas spending compared to cards that charge FX fees. It also gives you complimentary international travel insurance, purchase protection insurance and extended warranty cover for eligible purchases.
Pros
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$0 annual fee
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0% international transaction fees on purchases
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Access to complimentary overseas travel insurance
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Compatible with major digital wallets
Cons
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No introductory offers on purchases and balance transfers
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Does not feature a rewards program
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$15 late payment fee is charged
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Watch out for the 19.99% p.a. cash advance interest rate
Details
Product details
| Product Name | Bendigo Bank Ready Credit Card |
| Balance transfer rate p.a. | 19.99% |
| Purchase rate p.a. | Purchase rate p.a. 19.99% |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate p.a. | 19.99% |
| Min credit limit | $3,000 |
| Card type | Mastercard |
Eligibility
| Available to temporary residents | No |
| Joint application | No |
Rewards
| Bonus points | N/A |
Fees
| Annual fee | Annual fee $0 |
| Minimum monthly repayment | 3% of the closing balance or $10, whichever is greater |
| Late payment fee | $15 |
| Foreign currency conversion fee | Foreign currency conversion fee 0% |
| Cash advance fee | 3% or $3, whichever is greater |
| Overseas ATM withdrawal fee | $0 |
| Additional cardholder fee | $0 |
Congratulations, Bendigo Bank!
Bendigo Bank Ready Credit Card received the highly commended award for 'Travel Credit Card' in the 2024 Product Awards.
Full list of 2024 winnersHow to apply
You can apply for the Bendigo Bank Ready Credit Card online. Before you get started, check if you meet the eligibility criteria and have the necessary information to complete the application:Eligibility criteria
- Residency. If you're an Australian permanent resident or citizen, you can apply for this card.
- Credit history. You should have a good credit history and not be bankrupt or insolvent.
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Amy Finder
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Angus Kidman Finder
November 27, 2024
Hi Emma, You’ll qualify for the insurance included with the card provided you spend at least $500 on the card for prepaid travel expenses – this would include your airfare. You also need to have booked a return ticket to Australia. The cover is detailed in the card PDS – it’s worth looking at that to see if it suits. If you want more extensive cover, you can compare your options here. Hope this helps!
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Arnold
November 18, 2024
Hi just confirming with the Bendigo ready credit card , does it charge transaction conversion fees when used overseas for every day small purchases ie Lunch , coffee etc , thanking you Arnold
Sarah Megginson Finder
November 19, 2024
Hi Arnold, Correct, there are no international or foreign transaction fees on any purchases overseas, including lunches, coffee, shopping etc.
Gabriel
November 17, 2024
What are the exchange rates that are used?
Richard Whitten Finder
November 17, 2024
Hi Gabriel,
Bendigo Bank has an exchange rate calculator here: https://www.bendigobank.com.au/calculators/foreign-exchange/
LeeM
November 16, 2024
Although there is 0% International transaction fee, is the transaction at the Mastercard rate or is there a spread applied by the bank?
Richard Whitten Finder
November 17, 2024
Hi Lee,
Looking closely at the card terms and conditions it says that the bank converts non-AUD payments “using our current foreign currency conversion rates at the time we process it.” This suggests to me that the bank uses its own rates rather than Mastercard’s.
Fran
November 08, 2024
Is it possible to make overpayment into the credit card to increase the available credit?
Richard Whitten Finder
November 10, 2024
Hi Fran,
Some quick research suggests this is possible. But I would add a couple of suggestions: if you’re going to add a large amount to your card for a big purchase, check with your bank first to see if it’s allowed. If you are making a very large purchase by card, check if the merchant will charge a card fee first. You may need to adjust your card settings if you’re going to spend a large amount in one go (if you’ve set a limit per transaction, for example).
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Emma
November 27, 2024
If I pay my air tickets to USA and Canada, does the travel insurance covers? Or, what does the travel insurance covers?