Credit cards with baggage, money and documentation cover

Credit cards that cover your essentials should you happen to get robbed or lose them while travelling abroad.

Have you ever thought what would happen if you lost or damaged important possessions or documents while overseas? Losing your credit cards, tickets, passports or other important documents would probably spell disaster, or even leave you stranded. To avoid such a scenario, some credit card providers can offer travel insurance that covers the loss of such items on overseas trips.

Although you may take precautions to protect your items, unexpected events can still cause you to lose your luggage, money or travel documents, which is why you might want to learn more about credit cards with baggage, money and documentation cover, and how they can help in times of emergencies.

HSBC Platinum Qantas Credit Card

Receive up to 60,000 bonus Qantas Points

Offer ends 31 December 2017

Eligibility criteria, terms and conditions, fees and charges apply

HSBC Credit Card Offer

Secure your essentials against loss, damage or theft while travelling. Also receive 60,000 bonus Qantas Points when you meet the minimum spend criteria.

  • $199 p.a. annual fee.
  • 19.99% p.a. on purchases
  • Cash advance rate of 21.99% p.a.
  • Up to 55 days interest free
  • Minimum income requirement of $40,000 p.a.
Go to site

Compare credit cards that offer baggage, money and documentation cover

Rates last updated November 22nd, 2017
Name Product Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Annual fee Product Description
HSBC Platinum Qantas Credit Card
60,000 bonus points
19.99% p.a.
$199 p.a.
Receive 60,000 bonus Qantas Points when you meet the spend requirement and earn up to 1 Qantas Point per $1 spent.
Citi Qantas Signature Credit Card
50,000 bonus points
20.99% p.a.
$199 p.a. annual fee for the first year ($395 p.a. thereafter)
Earn from 0.5 Qantas Points per $1 spent on selected purchases and get 2 airport lounge visits per year.
ANZ Rewards Platinum
65,000 bonus points
18.79% p.a.
$0 p.a. annual fee for the first year ($95 p.a. thereafter)
Receive 65,000 bonus Reward Points when you spend $2,500 within the first 3 months from card approval.
NAB Qantas Rewards Premium Card
25,000 bonus points
19.99% p.a.
$250 p.a.
A premium card that offers 25,000 bonus points when you meet the spend requirements. Plus a 24/7 personal concierge.
ANZ Frequent Flyer Black
75,000 bonus points
19.99% p.a.
$0 p.a. annual fee for the first year ($425 p.a. thereafter)
Receive 75,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases in the first 3 months.
ANZ Frequent Flyer Platinum
65,000 bonus points
19.99% p.a.
$0 p.a. annual fee for the first year ($295 p.a. thereafter)
Get 65,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within the first 3 months.
American Express Platinum Edge Credit Card
20.74% p.a.
$195 p.a.
Receive a $200 Travel Credit every year and complimentary domestic and international travel insurance.
Qantas American Express Premium Card
30,000 bonus points
20.74% p.a.
$249 p.a.
Enjoy two complimentary Qantas Club lounge invitations per year and the protection of complimentary travel insurance.
American Express Platinum Card
80,000 bonus points
$1,200 p.a.
Receive an annual $300 Platinum Travel Credit, membership to an elite tier of partner programs and access to more than 1,100 VIP lounges.
NAB Velocity Rewards Premium Card
19.99% p.a.
$150 p.a.
Offers up to 0.66 Velocity Points per $1 spent on purchases, combined with complimentary insurance covers and a concierge service.
American Express Velocity Platinum Card
50,000 bonus points
20.74% p.a.
$375 p.a.
Receive a complimentary Virgin Australia return Economy domestic flight each anniversary year and complimentary travel insurance.
Emirates Citi World Mastercard
60,000 bonus points
20.99% p.a.
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Earn up to 1.5 Skywards Miles for every $1 spent and indulge in carefully curated local and global experiences.
NAB Qantas Rewards Signature Card
100,000 bonus points
19.99% p.a.
$395 p.a.
Receive 100,000 bonus Qantas points when you spend $3,000 on everyday purchases within 60 days of account opening.
Virgin Australia Velocity High Flyer Card - 80k Bonus Points offer
80,000 bonus points
20.74% p.a.
$289 p.a.
Take off sooner with up to 1 Velocity Point per $1 spent and earn up to 80,000 bonus Velocity Points. Plus, complimentary travel insurance.
Bankwest Qantas World Mastercard
20.49% p.a.
$270 p.a.
Earn uncapped Qantas Points per $1 spent on eligible purchases. Also enjoy 0% foreign transaction fees on online and overseas spend.
Qantas American Express Ultimate Card
55,000 bonus points
20.74% p.a.
$450 p.a.
Take advantage of a high Qantas Points earn rate and two American Express Airport Lounge entries each calendar year.

Compare up to 4 providers

What are these types of credit cards?

If you travel overseas frequently, then a card with baggage, money and documentation cover might be an option for you to consider. These cards can cover most valuables, including your laptop, mobile phone or money, and can give you a sense of security while you are on international trips.

Some credit cards may have restrictions in terms of what items are covered and for what amount, so be sure to check this before applying. Items that are lost in the airport or damaged in transit may also be covered depending on the type of card you have.

How do they work?

Credit cards with baggage, money and documentation cover usually have a limit that covers the loss damage or theft of your valuables on trips. Within this limit, you will have a cover for your money and documents such foreign currencies, driving license and passport, vouchers and travellers cheques.

The limit may also cover other valuable, such as your mobile phone and laptop computer against theft, loss or damage. For stolen items, most credit card companies will require a receipt of the item so that it can be replaced. It’s important to check the PDS of the product before travelling, as insurers have a lot of exclusions.

You’re still required to take care of your possessions to prevent loss or theft, since some insurance policies on credit cards do not cover items lost due to your own carelessness. For example, items stolen in an unattended vehicle or in a hotel room may not be covered.

With these type of credit cards, you will have the assurance of getting your important items replaced should anything happen to them. Again, the important thing to remember is that these cards have terms and conditions that affect eligibility for insurance coverage, so you need to ensure you follow them to the letter so as to benefit from the insurance cover.

How to compare credit cards that offer this type of cover

Different credit cards will offer you varying covers for your valuables, money and documents, so you check to see what cover is offered by the product you’re considering. Here are a few things you can look at when comparing credit cards with baggage, money and documentation cover to ensure you get the right one for you:

  • How much are you covered for? Different credit cards have varying cover limits for your valuables. Some cards, for instance, will only compensate you for all items lost up to a certain limit, which could be $10,000 or more, with that amount being split among different items i.e. $250 for mobile phones, $500 for money and documents, $2000 for laptop computers etc.
  • What type of card is it? Some cards will offer you a high cover limit so you are compensated if you lose or damage something while on your trip, some credit cards will offer you a broader cover, allowing you to file a claim for more than one mobile phone or laptop computer, while others will limit the value of each item that can be covered.
  • Under what circumstances are you covered? Most credit cards will have terms and conditions as to when you are covered and what you need to do for a successful claim. For instance, some cards will not compensate you for stolen items if you do not present the original receipt, or if you do not file a police report within a day or two of the theft. Other credit cards will not cover items damaged in transit or items lost in an airport or hotel room. make sure you read through the fine print so you know when you will and won’t be covered.
  • Is there an annual fee? Like all credit cards with reward programs and other perks, credit cards with baggage, money and documentation cover may also come with annual fees. Be sure to find out the charges on a card before you apply for it, and ensure that the insurance cover on the card will be worth the fees that you will be charged. Choosing a card with relatively lower fees will save you money.

Pros and cons


  • Peace of mind when travelling. If you are unfortunate enough to lose or damage important baggage or documents while overseas, it helps to know that the insurance cover will reimburse you all items.
  • Cash cover. With these types of cards, you can rest assured that you are covered against loss of cheques, cash and holiday vouchers, ensuring that you will not remain stranded should you lose your money.


  • Terms and conditions.These cards may have restrictive terms and conditions in their fine print i.e. no cover for items lost in airports or in an unmanned vehicle, strict eligibility requirements, etc.

Things to avoid

If you do need to make a claim, you should avoid waiting to long to do so, because most insurance companies will have restrictions on the this.

You should also avoid being careless with your property, as this could also be a reason for you to lose out on the perks of credit cards with baggage, money and documentation cover. This is because some card providers will not reimburse you for items left in public or in an unmanned car.

Items lost in airports and hotel rooms may also not be covered, which is why card holders are required to take all reasonable precautions to ensure their baggage, documents and money are kept safely.

Frequently asked questions

What’s covered on such cards?

Most such cards will cover your money, valuable such as laptop computers or mobile phones and documents such as passports, travel vouchers, driver’s license and credit cards.

How much will I get compensated for a lost or damaged item?

Reimbursements for all such items are calculated by your insurer using their current market price minus any wear and tear.

Was this content helpful to you? No  Yes

Related Posts

Qantas Premier Platinum
Qantas Premier Platinum

Interest rate


Annual fee

St.George Vertigo Platinum - Online Offer
St.George Vertigo Platinum - Online Offer

Interest rate


Annual fee

Bankwest Breeze Classic Mastercard
Bankwest Breeze Classic Mastercard

Interest rate


Annual fee


Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question