businessman_with_green_creditcard

Business credit cards with travel insurance

Find a business credit card that offers you cover when you travel interstate or overseas.

If you travel regularly for work, a business credit card that includes insurance as a complimentary extra could help you save money. Depending on the card you choose, you could get cover for eligible domestic trips or overseas travel. Some cards also provide complimentary travel insurance for your family or supplementary cardholders.

Use this guide to learn about the types of travel insurance available, compare business credit cards, and find out what you need to do to get cover for your trips.

Compare and apply for business credit cards with travel insurance

Rates last updated May 26th, 2018
Name Product Rewards Program Annual fee Complimentary Travel Insurance Product Description
American Express Business Card
Membership Rewards Ascent
$109 p.a.
Yes
Earn up to 1.00 Membership Rewards point per $1 spent and extend your cashflow with up to 51 interest-free days on purchases.
American Express Gold Business Card
Membership Rewards Ascent
$169 p.a.
Yes
Take advantage of 10,000 bonus points, no pre-set spending limit, data that feeds to MYOB and up to 51 days interest-free on purchases.
American Express Platinum Business Card
Membership Rewards Premium Ascent
$1,500 p.a.
Yes
Enjoy 120,000 bonus points, a platinum business concierge, complimentary Virgin Lounge access, worldwide travel insurance and hotel benefits.
American Express Velocity Business Card
Velocity Frequent Flyer
$249 p.a.
Yes
Take advantage of Velocity Points per $1 spent, no pre-set spending limit, data that feeds into MYOB and up to 51 days interest-free on purchases.

Compare up to 4 providers

What type of travel insurance is available with business credit cards?

The type of travel insurance varies between business credit cards but generally falls under one of the following types of policy:

  • International travel insurance. Comprehensive cover for overseas trips, including medical and travel emergencies.
  • Travel inconvenience cover. Cover for issues such as flight delays, luggage loss, flight cancellations and missed connections. Some cards only offer this cover for domestic travel.
  • Transit accident insurance. Covers you for losses that may arise when you’re boarding, leaving or travelling as a passenger on a public carrier such as a plane, train, ship or bus. This type of insurance usually only applies for overseas trips.
  • Vehicle rental cover. Provides insurance for loss or damage to your rental vehicle. This may be included in an international travel insurance policy or as a standalone option.

What business credit cards offer complimentary travel insurance?

American Express, Bank of Melbourne, CommBank and Westpac all provide business credit cards with complimentary travel insurance options. Use the table below to compare cards based on the type of travel insurance offered, the key requirements and the account’s annual fee.

Insurance policy terms and conditions

Each credit card insurance policy has its own specific requirements, variations and definitions. So, as well as reading the summary here, make sure you refer to the insurance policy documents available on the credit card provider’s website to get a complete picture of the insurance options available.

Compare business credit cards that include travel insurance

CardTravel insurance coverKey requirementsAnnual fee
American Express Business Card
  • Travel inconvenience cover
  • Vehicle rental cover
To take advantage of this feature, you must purchase your flight with your American Express card.$109
American Express Gold Business Card
  • Travel inconvenience cover
To take advantage of this feature, you must purchase your flight with your American Express card.$169
American Express Platinum Business Card
  • Overseas travel insurance
  • Travel inconvenience cover
  • Vehicle rental cover
Cover automatically applies when you hold the American Express Platinum Business card. Your dependent children, spouse and any supplementary card members are also covered by the travel insurance.$1,500
American Express Velocity Business Card
  • Complimentary domestic and overseas travel insurance
Offers comprehensive cover for you and any supplementary card members when you use your card to book your flights.$249
Qantas American Express Business Credit Card
  • Travel inconvenience cover
Purchase your trip on your card to get cover for flight delays, denied flight boarding, missed connections or delayed luggage.$160
Bank of Melbourne Amplify Business Credit Card
  • Transit accident insurance
Cover applies for the cardholder and an eligible spouse when you use your card to pay for an entire overseas trip.$89
Commonwealth Bank Business Awards
  • Transit accident insurance
The cost of your trip must be charged to the card before the trip has started. Terms and conditions apply, so refer to the Standalone Transit Accident Insurance Certificate on the CommBank website for further details.$100
Commonwealth Bank Business Awards Platinum Credit Card
  • International travel insurance
  • Interstate flight inconvenience insurance
  • Transit accident insurance
International travel insurance: You need to activate your travel insurance for each trip via NetBank, the CommBank app by calling Allianz Global Assistance on 1800 837 177 before you travel. This cover is available for you, your spouse and dependent children that are eligible under the policy.Interstate flight inconvenience insurance: The entire cost of your flight must be charged to the card before your trip.

Transit accident insurance: The cost of your trip must be charged to the card before the trip has started. Refer to the CommBank credit card insurance PDS and Standalone Transit Accident Insurance documents for further details on the requirements.

$300
Westpac Altitude Business Gold
  • Overseas travel insurance
  • Transit accident insurance
Overseas cover: You must spend at least $500 on your prepaid travel costs on your card and have a return travel ticket.Transit accident cover: The entire payment of the trip must be charged to your card.$150
Westpac Altitude Business Platinum
  • Overseas travel insurance
  • Transit accident insurance
Overseas cover: You must spend at least $500 on your prepaid travel costs on your card and have a return travel ticket.Transit accident cover: The entire payment of the trip must be charged to your card.$200
Westpac BusinessChoice Rewards Platinum
  • Overseas travel insurance
  • Interstate flight inconvenience insurance
  • Transit accident insurance
Overseas cover: You must spend at least $500 on your prepaid travel costs on your card and have a return travel ticket.Interstate cover: Available for Australian holidays of up to 14 days when you charge the entire cost of your return interstate flight to the card before your trip.

Transit accident cover: The entire payment of the trip must be charged to your card.

$150 per card

businessman_hand_creditcard

What else do I need to know about business credit cards with travel insurance?

To get the most out of a business credit card with travel insurance, make sure you keep the following factors in mind:

  • Policy activation. In most cases, you need to use the credit card to pay for some or all of your eligible travel before you leave. Alternatively, you may need to “activate” your cover online or by calling the insurance provider.
  • Domestic and international coverage. Some credit cards only offer complimentary insurance for travel overseas, others may only cover domestic travel between states in Australia, and some may offer both. This is often the case with travel inconvenience and transit accident insurance, so make sure you read the travel insurance product disclosure statement (PDS) so you know exactly when you’ll be covered.
  • Domestic travel insurance requirements. This type of cover is usually only available for interstate flights, or those that are outside a certain geographical distance. For example, the domestic insurance available with Amex cards outlines that your trip must be more than 150km from your home in Australia.
  • Annual fee. Make sure you weigh the cost of the annual fee against the potential benefits of the card (including travel insurance) to decide if it’s worth it for your business needs.
  • Additional cardholder fee. If you want to share your business credit card account with employees, make sure you check whether an additional cardholder fee will apply (and how much it costs).
  • Interest rate. If you need to pay for some or all of your travel using the credit card, make sure you check the interest rate and factor in the cost that could apply if you don’t pay your balance in full.
  • Other features. Remember to consider the other features of the card, including expense tracking, compatibility with accounting software and rewards.

Getting a business credit card that includes travel insurance can provide savings on upfront costs when you go away. With other popular features including additional cardholders, itemised statements and rewards, comparing a range of cards will help you find one that suits both your travel and your business needs.

Pictures: Shutterstock

Back to top

Amy Bradney-George

Amy is a Senior Writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Was this content helpful to you? No  Yes

Related Posts

Credit Card Offers

Important Information*
Westpac Low Rate - Online Offer
Westpac Low Rate - Online Offer

Interest rate

13.49

Annual fee

59
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

129
NAB Low Fee Card
NAB Low Fee Card

Interest rate

19.74

Annual fee

30
Citi Platinum Credit Card - 100k Bonus Points
Citi Platinum Credit Card - 100k Bonus Points

Interest rate

20.99

Annual fee

149

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au 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, 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
Go to site