
Get exclusive money-saving offers and guides
Straight to your inbox
Updated
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Coles Account Cover Plus is an optional form of credit card insurance that's designed to protect your account from a range of unexpected costs. As well as repayment coverage, this insurance package offers price protection, merchandise protection, and card theft and life insurance. Here, we provide details on how this coverage works and the costs involved so that you can decide if it's right for you.
Coles Account Cover Plus is available for Coles No Annual Fee, Coles Low Rate and Coles Rewards Mastercard. The premium for this insurance costs 1% of your monthly closing balance (capped at $50). For example, if your closing balance for one month is $2,000, you would pay $20 and if your closing balance for the next month is $5,000 (or more), you would pay $50. This credit card insurance package offers following types of coverage for your account:
The Coles Account Cover Plus insurance policies are underwritten by Hallmark General Insurance Company and Hallmark Life Insurance Company (for life cover, including critical illness benefit and accidental death cover).
Latitude Finance Australia is an authorised representative for both of these companies and is responsible for dealing with claims. As such, you can make a claim at any time by calling 1800 800 230. Alternatively, you can visit www.latitudefinancial.com.au/insurance and submit a claim online, or download a claim form to post back to them. Just make sure you also refer to the insurance policy booklet provided by Coles for specific details on eligibility and claims requirements for each type of coverage offered.
If you have an existing Coles credit card, you can purchase Account Cover Plus by calling Latitude on 1800 800 230. Make sure you have your account details handy to complete this process. You can also choose to purchase Coles Account Cover Plus when you apply for a Coles credit card.
You can also opt-out of Coles Account Cover Plus at any time. Just call 1800 800 230 and follow the prompts to complete this process.
There are two other types of insurance you can get with a Coles credit card:
Coles Account Cover Plus offers more than many other optional credit card insurance policies, with protection not only against job loss, illness and theft, but also purchases made using your card. The 1% premium also means that you can keep costs in-line with your credit card spending, which can help keep this insurance affordable. But with many premium credit cards also including a range of insurance options at no extra cost, it may also be worth comparing your options before choosing a product that suits your needs.
Back to topExclusive to Finder, this card offers 0% interest on balance transfers for 36 months, a discounted $29 first year annual fee and platinum benefits including airport lounge passes and complimentary insurance covers.
Enjoy 100,000 bonus Velocity Points, a reduced first-year annual fee and points per $1 spent with the Citi Rewards credit card.
The American Express Velocity Business Card earns points per $1 spent and offers complimentary travel insurance and two complimentary Virgin Australia lounge passes each year.
The American Express Business Card offers reliable service, a wide range of benefits, additional features, and competitive fees.
The Amex Qantas Business Rewards Card offers 150,000 bonus Qantas Points, no pre-set spending limit and platinum perks including complimentary insurances.
From Membership Rewards Points to savings on first and business class flights, this charge card is packed with features to help you manage business spending.
It's common to have a few different bank accounts that each have a different purpose. Here's how you may benefit from having multiple bank accounts and the traps to avoid.
Enjoy an introductory 90,000 bonus Citi reward Points, a $100 Coles eGift card, plus a reduced first-year annual fee with this Citi Rewards Card offer.
Want to insure a Porsche 911? Here are things we think you should know.
Hi,
Just wondering is the Coles purchase lowest price insurance with the Coles credit card still available?
Few months ago, I saw on the catalogue sheet that if we apply for a Coles credit card and buy the Coles purchase lowest price insurance, we can buy anything at coles at the lowest price for the whole year. It means that we can get rainchecks for everything at coles.
Is that offer still available? I am very interested in that!
Thanks!
Jane
Hi Jane,
Thanks for your question.
According to the special offer outlined on the Coles Insurance website, ‘As a Coles Insurance customer you have the option to take $10 off your Coles Supermarket shop, instantly at the till, every time you redeem 2,000 flybuys points.’
This is the only promotion I could find that was similar to the one you described, so the ‘raincheck’ may not be available.
I hope this has helped.
Thanks,
Elizabeth
It is useful, Thanks!
I purchased two tickets for the KFC T20 in December at a price of $254. The game is tomorrow, 2 February and I have vertigo which means that I cannot stand up let alone go to watch a game of cricket. Can I claim on my insurance for this event?
Thank you
Cheryl
Hi Cheryl,
Thanks for your comment.
Unfortunately the Coles Platinum range of credit cards has merchandise protection insurance which only protects the items you buy with your card if they’re lost, stolen or damaged.
Cheers,
Shirley
“You simply buy the items you need and if you see an identical item at a cheaper price in the same store up to 2 years after you bought yours, your credit card insurance will claim the difference in price on your policy immediately.”
Question1: If I bought my cloth at CK store in Chadstone at full price then I saw the same cloth at CK store in the city is on sale,can I claim the difference?
Question 2: how can I claim it?
Thanks
Anna
Hi Anna,
Thanks for your question. Yes you are able to claim the difference under the guidelines of the policy, to make an inquiry about a claim, please visit the claims section of the G.E Money website – http://www.gemoney.com.au/en/insurance/claims/index.html and complete the online claims form. Alternatively you can call 1800 800 230. Hope this helps.
Cheers,
Jeremy