Bendigo Bank Rewards

The Bendigo Bank Rewards program lets you earn and redeem points on your everyday spending with a Bendigo Bank Platinum Rewards Credit Card.

Rewards include gift cards, retail items and charitable donations. You can also check your reward point balance in real-time and use Points Plus Pay to make up any difference when you want to redeem a particular reward.

How to earn Bendigo Bank Rewards Points

The Bendigo Bank Platinum Rewards Credit Card is currently the only card linked to this rewards program. It earns 1.5 Bendigo Bank Rewards Points per $1 on eligible spending. This is competitive among rewards credit cards in Australia, especially as there is no limit or "cap" on the number of points you can earn.

But when you're comparing cards, keep in mind that Bendigo Bank Rewards Points expire after 3 years if you haven't redeemed them. And remember to consider the card's other features, rates and fees to help you decide if it's right for you.

What is eligible spending?

Most of your everyday purchases are eligible for earning points with a Bendigo Bank rewards credit card. This includes, groceries and retail shopping, petrol, dining out, travel bookings and bills that accept payment by credit card.

But you won't earn points for these transactions:

• BPAY
• Balance transfers
• Cash advances and cash equivalent transactions
• Transactions for gambling or gaming purposes
• Australian Taxation Office (ATO) payments
• Any fee or charge, including any government charges or duties
• Interest and finance charges payable or paid on your credit card
• Disputed and unauthorised transactions
• Purchases that are refunded or reimbured

What can you redeem with Bendigo Bank Rewards Points?

• Travel. You may redeem your points for travel accessories, including luggage, backpacks, travel adaptors and travel pillows. But unlike many rewards credit cards, you can't transfer points to any frequent flyer programs.
• Gift cards. Using points only, you may redeem gift cards for shopping at Big W, Bunnings, Coles, Dymocks, Flight Centre, iTunes and more.
• Homeware. The homeware category offers items from grill pans and coffee machines to candles and duvets.
• Technology. Technology gadgets include a host of products such as headphones, chargers, cameras and phones.
• Health and lifestyle. Shopping under the "Be Active" and "Be Pampered" categories on the program website gives you access to health and lifestyle products from massagers to perfumes, dress watches to electric shavers.
• Charity donations. If you're feeling charitable, you may also give your points away to select charities including the RSPCA, Australian Red Cross and UNICEF.
• Cashback. To get cashback on your Bendigo Bank account, you need to log in and click on the "Cash Back" link under your Points Balance. You'll then see the cashback choices available to you.

How much are Bendigo Bank points worth?

1 Bendigo Bank Rewards Point is typically worth around 0.24 and 0.27 cents. This is based on Finder analysis of a range of rewards available on the Bendigo Bank Rewards site.

But the value of rewards does vary depending on what you redeem your points for. And because you can't redeem 1 point for anything, it's often useful to consider how much value you'll get for each 1,000 points redeemed.

So, here are some examples of what your points might be worth:

How we calculated these reward values

We used details publicly available on the Bendigo Bank Rewards site in October 2023. We chose a variety of different rewards and point values as examples. For each reward, we calculated the cash value, then divided that by the number of points required to calculate the value per 1,000 points redeemed.

You can also use Finder's helpful points calculator to work out the value of any reward.

How to redeem Bendigo Bank Rewards Points

To redeem your Bendigo Bank Rewards Points, first head to the Bendigo Bank rewards website. You will see a list of participating outlets through which you can purchase gift cards or goods. To redeem your selection, simply log into your account.

How to decide if the Bendigo Bank Rewards program is worth it for you

If you're thinking of getting a Bendigo Bank Rewards credit card, it's important to compare your options first. This will help you to apply for the card that best suits your needs and financial situation. When narrowing down your options, you can consider the following factors:

• Earn rate. The earn rate for a card determines how quickly you’ll be making those rewards redemptions. In this case, the Bendigo Bank Platinum Rewards Credit Card has an earn rate of 1.5 points per $1 spent, which is competitive to other cards on the market. If you spend money overseas a lot, other rewards programs give you additional points for international spending.
• Points cap. If you use your credit card a lot, it might be handy that there is no cap on the number of points you can earn in a year.
• Fees and interest rates. The Bendigo Bank Platinum Rewards has an annual fee of $89. You should compare this against the potential value of the rewards.
• Interest-free days. The Bendigo Platinum Rewards credit card offers up to 55 interest-free days on purchases. This feature is available from the start of each statement period and allows you to save money on interest charges for your purchases. Because Bendigo Bank calculates interest from the statement date (instead of the date the purchase is made), you can get interest-free days even if you carry a balance. In comparison, most other credit card providers only offer interest-free days if you pay your balance in full by the statement due date.
• Complimentary extras. Extra features and perks can help offset the cost of the card you choose. In this case, the Bendigo Bank Platinum Rewards Credit Card offers complimentary extras including international travel insurance and purchase insurance.
• Use of the card. Make sure you're not making additional purchases that you can't afford to repay just to build the points. The points you earn will not outweigh the amount of interest you may end up paying if you fail to meet repayments.

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Product	Purchase rate p.a.	Bonus points	Points per $ spent	Interest-free period	Balance transfer rate p.a.	Annual fee
Bendigo Bank Business Credit Card	Purchase rate p.a. 13.99%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 44 days on purchases	Balance transfer rate p.a. N/A	Annual fee $48	A business card with flexible liability arrangements, competitive rates and gives you the ability to personalise your card.	ContinueMore info Compare	loading Fetching your data...
Bendigo Bank Bright Credit Card	Purchase rate p.a. 11.99%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 19.99%	Annual fee $59	A no-frills card that offers a low interest rate of 11.99% p.a. on purchases and a competitive $59 annual fee.	ContinueMore info Compare	loading Fetching your data...
Bendigo Bank Ready Credit Card	Purchase rate p.a. 19.99%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 19.99%	Annual fee $0	Save with an ongoing $0 annual fee and no foreign transaction fees.	ContinueMore info Compare	loading Fetching your data...
Bendigo Bank Platinum Rewards Credit Card Bendigo Rewards	Purchase rate p.a. 19.99%	Bonus points N/A	Points per $ spent 1.5	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 21.99%	Annual fee $89	Enjoy a competitive earn rate, complimentary travel and purchase insurance options for an annual fee of $89.	ContinueMore info Compare	loading Fetching your data...
Bendigo Bank Qantas Platinum Credit Card Qantas Frequent Flyer	Purchase rate p.a. 19.99%	Bonus points N/A	Points per $ spent 0.6	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 21.99%	Annual fee $149	Offers Qantas Points per $1 spent, international travel insurance and extended warranty on purchases.	ContinueMore info Compare	loading Fetching your data...
Bendigo Bank Qantas Business Credit Card Qantas Business Rewards	Purchase rate p.a. 19.99%	Bonus points 25,000	Points per $ spent 0.6	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. N/A	Annual fee $89	Offers 25,000 bonus Qantas Points, up to 1.6 points per $1 on eligible spending, and access to travel insurance and purchase protection.	ContinueMore info Compare	loading Fetching your data...

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Product	Bonus points	Points per $ spent	Purchase rate p.a.	Annual fee
American Express Platinum Card Most LovedMembership Rewards	Bonus points 150,000	Points per $ spent 2.25	Purchase rate p.a. 0%	Annual fee $1,450	Earn 150,000 Membership Rewards Bonus Points when you apply through the link and spend $5,000 on eligible purchases in the first 3 months.	Go to siteMore info Compare	loading Fetching your data...
Virgin Money Anytime Rewards Credit Card Virgin Money Rewards	Bonus points 80,000	Points per $ spent 1	Purchase rate p.a. 19.99%	Annual fee $149	Offers 80,000 bonus Virgin Money Points (worth $400 in gift cards) when you spend $3,000 or more on eligible purchases in the first 3 months.	Go to siteMore info Compare	loading Fetching your data...
American Express Explorer Credit Card Most LovedMembership Rewards	Bonus points 75,000	Points per $ spent 2	Purchase rate p.a. 23.99%	Annual fee $395	Get 75,000 Membership Rewards Bonus Points and spend $4,000 on eligible purchases in the first 3 months.	Go to siteMore info Compare	loading Fetching your data...
Kogan Money Credit Card - Balance Transfer Exclusive Offer ExclusiveKogan Rewards Program	Bonus points N/A	Points per $ spent 1	Purchase rate p.a. 21.99%	Annual fee $0	Finder Exclusive: Save with 0% p.a. for the first 18 months on balance transfers (with a one-time 2% balance transfer fee).	Go to siteMore info Compare	loading Fetching your data...
American Express Velocity Platinum Card Most LovedVelocity Frequent Flyer	Bonus points 100,000	Points per $ spent 1.25	Purchase rate p.a. 23.99%	Annual fee $440	Limited time offer: Enjoy 100,000 bonus Velocity Points when you spend $3,000 in the first 3 months. Plus, up to 100 bonus Status Credits and up to 2.25 Velocity Points per $1 spent. Ends 30 April 2025.	Go to siteMore info Compare	loading Fetching your data...
ANZ Rewards Black Credit Card Finder AwardANZ Rewards Program	Bonus points 160,000	Points per $ spent 2	Purchase rate p.a. 20.99%	Annual fee $375	Earn up to 160,000 bonus ANZ Rewards Points: 110,000 points + $100 back when you spend $5,000 in the first 3 months from approval, and 50,000 points when you keep your card open for 15 months.	Go to siteMore info Compare	loading Fetching your data...
American Express Qantas Business Rewards Card Finder AwardQantas Business Rewards	Bonus points 150,000	Points per $ spent 1.25	Purchase rate p.a. 0%	Annual fee $225 first year ($450 after)	Limited time offer: Earn 150,000 bonus Qantas Points when you spend $6,000 on eligible purchases in the first 3 months. Plus, a half off annual fee in the first year. ABN holders w/ $75k revenue.	Go to siteMore info Compare	loading Fetching your data...
NAB Rewards Platinum Card – Velocity Points Most LovedVelocity Frequent Flyer	Bonus points 80,000	Points per $ spent 1	Purchase rate p.a. 20.99%	Annual fee $95 first year ($195 after)	Get up to 80,000 bonus Velocity Points: 60,000 points when you spend $1,000 in the first 60 days and 20,000 after 12 months. Ends 31 July 2025.	Go to siteMore info Compare	loading Fetching your data...
Coles No Annual Fee Mastercard Flybuys	Bonus points 10,000	Points per $ spent 0.5	Purchase rate p.a. 20.74%	Annual fee $0	Get 10,000 bonus Flybuys points (worth $50 Flybuys dollars) when you spend $3,000 on eligible purchases in the first 3 months.	Go to siteMore info Compare	loading Fetching your data...
American Express Platinum Business Card Most LovedMembership Rewards Ascent Premium	Bonus points 250,000	Points per $ spent 2.25	Purchase rate p.a. 0%	Annual fee $875 first year ($1,750 after)	Limited time offer: Get 250,000 Membership Rewards Bonus Points when you spend $12,000 on eligible purchases in the first 3 months. Plus, a half off annual fee in the first year. ABN holders w/ $75,000 revenue.	Go to siteMore info Compare	loading Fetching your data...
ANZ Business Black ANZ Rewards Program	Bonus points 150,000	Points per $ spent 1.5	Purchase rate p.a. 20.24%	Annual fee $375	ABN holders w/ $75k revenue. Earn up to 150,000 extra ANZ Reward Points when you meet the spend requirements (worth over $500 digital gift card) and 24/7 access to ANZ Global Business Concierge.	Go to siteMore info Compare	loading Fetching your data...
NAB Rewards Platinum Card Most LovedNAB Rewards	Bonus points 100,000	Points per $ spent 1	Purchase rate p.a. 20.99%	Annual fee $195	Get up to 100,000 bonus NAB Rewards Points (worth $480 in eGift cards): 80,000 points when you spend $1,000 in the first 60 days and 20,000 after 12 months.	Go to siteMore info Compare	loading Fetching your data...
Qantas American Express Ultimate Card Finder AwardQantas Frequent Flyer	Bonus points 50,000	Points per $ spent 1.25	Purchase rate p.a. 23.99%	Annual fee $450	Get a yearly $450 Travel Credit and 50,000 bonus Qantas Points when you spend $5,000 on eligible purchases in the first 3 months.	Go to siteMore info Compare	loading Fetching your data...
ANZ Rewards Platinum ANZ Rewards Program	Bonus points 100,000	Points per $ spent 1.5	Purchase rate p.a. 20.99%	Annual fee $149	Get 100,000 bonus ANZ Reward Points (worth $440 in eGift cards) and $50 back when you spend $2,000 on eligible purchases in the first 3 months.	Go to siteMore info Compare	loading Fetching your data...
Westpac Altitude Velocity Black Finder AwardVelocity Frequent Flyer	Bonus points 120,000	Points per $ spent 0.75	Purchase rate p.a. 20.99%	Annual fee $370	Up to 120,000 bonus Velocity Points (90,000 points in year 1 when you spend $6,000 in the first 120 days & 30,000 after the first eligible spend in year 2).	Go to siteMore info Compare	loading Fetching your data...

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How to apply for a Bendigo Bank Rewards credit card

1. Compare your options. Research all the different credit cards on the market and read our finder.com.au card reviews before deciding which card to apply for.
2. Read the fine print. Read the card’s product disclosure statement and small print, and get acquainted with all the terms and conditions of your chosen card. Make sure that you also meet all of the card’s listed eligibility criteria.
3. Apply online. When you’re ready, head over to the Bendigo card page of your choice and click “Apply now”.
4. Fill out the online form. The form asks for your requested credit limit at the outset, followed by your financial details, then your regular personal details. Have the relevant information ready pertaining to employment, earnings and expenses, assets and liabilities to speed up the process. You will finally be asked to submit documentation for identity verification purposes and to authorise the customary credit check.
5. Submit the application. Once you’ve submitted your card application, you will receive confirmation about whether you have been conditionally approved, and further instructions about what to do to advance your application.

Depending on your spending habits, lifestyle and rewards earning preferences, the Bendigo Bank Rewards program may be a suitable fit for you. Remember though to compare your options and to weigh up any potential costs against the benefits before choosing a card.

Written by

Amy Bradney-George

Journalist

Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full bio

Amy's expertise

Amy has written 543 Finder guides across topics including:

• Credit cards
• Frequent flyer
• Credit score
• BNPL
• Money management
• Sustainability

Co-written by

Rebecca Pike

Senior Money Writer

Rebecca Pike is Finder’s senior money writer, with over 10 years of experience in mortgages and personal finance. A frequent TV and radio commentator, she frequently appears on Sunrise, A Current Affair, 9News, and Sky News, and contributes expert analysis to publications like Yahoo Finance and The Latch. Rebecca previously served as Editor of Mortgage Professional Australia. She has a Master’s degree in Journalism as well as ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, which comply with ASIC guidelines. See full bio

Rebecca's expertise

Rebecca has written 225 Finder guides across topics including:

• Home loans
• Cost of living
• Budgeting