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Compare credit cards with complimentary insurance

Save on holiday costs and travel with peace of mind when you have a credit card with complimentary insurance.

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Complimentary insurance is a popular credit card perk that can cover you when you travel overseas and make purchases with your card. If you're already using your credit card, it's an easy way to save time and money organising separate insurance. However, while complimentary credit card insurance can save you buying cover upfront, there are eligibility requirements to meet before you're protected.

Use this guide to compare credit cards that offer complimentary insurance, the different types of complimentary insurance offered by credit cards and what you need to do to get cover and how to make a claim. We also outline what you need to consider when comparing complimentary insurance credit cards so that you can choose an option that suits your needs.

HSBC Credit Card Offer

HSBC Platinum Credit Card

0% p.a. for 36 months on balance transfers
Discounted $29 first-year annual fee

Eligibility criteria, terms and conditions, fees and charges apply

HSBC Credit Card Offer

Enjoy a 0% introductory balance transfer rate for 36 months, with no balance transfer fee.

  • $29 first-year annual fee (reverts to $129 thereafter)
  • Complimentary travel insurance and 2 lounge passes per year
  • Earn 1 HSBC Rewards Point per $1 spent in Australia and 2 overseas
  • Purchase rate: 19.99% p.a. | Cash advance rate: 21.99% p.a.
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Types of credit card complimentary insurance

Depending on the credit card, you could get complimentary cover for any or all of the following:

  • Overseas travel insurance. This type of insurance offers comprehensive cover for trips overseas, usually including emergency medical and dental costs, loss or theft of personal belongings and trip cancellation. The potential savings and convenience of complimentary overseas travel insurance makes it one of the most popular options for cardholders, but policies can vary significantly between providers.
  • Transit accident insurance. Another form of travel insurance, transit accident insurance is often advertised separately to overseas travel insurance. It insures you against accidents that may result in bodily harm or death when you are travelling on licensed buses, trains or flights.
  • Interstate flight inconvenience insurance. This domestic travel insurance offers cover for flight changes or delays when you’re travelling between states or territories in Australia.
  • Purchase protection insurance. Offered on both premium and mid-level credit cards, purchase protection insurance can cover the cost of theft, accidental damage or loss of items paid for with an eligible card. Usually, this insurance is valid for up to 90 days from the time of the purchase.
  • Extended warranty insurance. This cover offers an extension on the manufacturer’s warrant for eligible items purchased in Australia. Usually, this insurance will double the warranty, up to a maximum period of 12 months. For example, if you bought an item with a one-year manufacturer’s warranty, this cover would allow you to get insurance for a total of 24 months.
  • Best price guarantee cover. Also known as a “buyer’s guarantee”, best price guarantee cover will refund the difference in price if you buy an item and then find it at a lower cost somewhere else (in the same geographic area). Usually, you have 21 days from the time of the purchase to submit a claim and will have to provide proof of the lower price.

Comparison of credit cards with complimentary insurance

Data updated regularly
Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate Annual fee
HSBC Platinum Credit Card
N/A
HSBC Rewards Plus
1
19.99% p.a.
$29 annual fee for the first year ($129 p.a. thereafter)
Save money with a 0% balance transfer rate for 36 months (with no BT fee), a first-year annual fee discount and free travel insurance.
NAB Qantas Rewards Signature Card
110,000
Qantas Frequent Flyer
1
19.99% p.a.
$295 annual fee for the first year ($395 p.a. thereafter)
Up to 110,000 bonus Qantas Points (90,000 when you spend $3,000 in the first 60 days and 20k after 12 months)
Citi Rewards Card - Balance Transfer Offer
N/A
Citi Rewards Program
1
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee.
Qantas Premier Platinum
100,000
Qantas Frequent Flyer
1
19.99% p.a.
$199 annual fee for the first year ($299 p.a. thereafter)
Get 100,000 bonus Qantas Points when you spend at least $4,000 within the first 3 months. Plus a discounted $199 first-year annual fee.
Bankwest Zero Platinum Mastercard
N/A
17.99% p.a.
$0
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.
ANZ Frequent Flyer Black
120,000
Qantas Frequent Flyer
1
20.24% p.a.
$425
Collect 120,000 bonus Qantas Points and $200 back when you spend $3,000 in the first 3 months. Plus, complimentary lounge passes.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
N/A
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 annual fee for the first year ($129 p.a. thereafter)
Get 0% p.a. for 26 months on balance transfers and a reduced first-year annual fee. Plus, $129 Virgin Australia Gift Voucher per year.
Bankwest Breeze Platinum Mastercard
N/A
10.99% p.a.
$0 annual fee for the first year ($69 p.a. thereafter)
Get 0% interest on balance transfers for 26 months, a $0 first-year annual fee, complimentary travel insurance and no foreign transaction fees.
ANZ Platinum Credit Card
N/A
0% p.a. for 17 months, reverts to 20.24% p.a.
$0 annual fee for the first year ($87 p.a. thereafter)
Receive a 0% purchase rate offer for 17 months and a $0 first-year annual fee. Plus, complimentary overseas travel and medical insurance.
St.George Amplify Platinum - Qantas
60,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Earn 60,000 bonus Qantas Points, plus enjoy 0% p.a. on balance transfers for 15 months with a 1% BT fee.
Citi Rewards Card - Velocity Points Offer
100,000
Citi Rewards Program
1
21.49% p.a.
$99 annual fee for the first year ($199 p.a. thereafter)
Enjoy 100,000 bonus Velocity Points when you spend $3,000 in the first 90 days. Plus, complimentary travel and purchase insurance.
American Express Platinum Edge Credit Card
N/A
N/A
1
20.74% p.a.
$195
Get $200 travel credit per year to spend on eligible flights, accommodation, car hire and more. Plus, earn up to 3 points per $1 on eligible spending.

American Express Explorer Credit Card
90,000
Membership Rewards
2
20.74% p.a.
$395
Get 90,000 bonus Membership Rewards Points and $300 back when you spend $3,000 on your new card in the first 3 months.
Qantas American Express Premium Card
30,000
Qantas Frequent Flyer
1
20.74% p.a.
$249
Enjoy 30,000 bonus Qantas Points, 2 complimentary Qantas Club lounge invitations per year and the protection of complimentary insurance covers.
Qantas American Express Ultimate Card
55,000
Qantas Frequent Flyer
1.25
20.74% p.a.
$450
Receive 55,000 bonus Qantas Points when you spend $3,000 within the first 3 months. Plus, a $450 Qantas Travel Credit each year.
Westpac Altitude Platinum Qantas
60,000
Qantas Frequent Flyer
0.5
20.49% p.a.
$149 annual fee for the first year ($200 p.a. thereafter)
Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days. Plus, a first-year annual fee discount and a 0% balance transfer offer.
BOQ Specialist Signature Credit Card with Qantas Points
130,000
Qantas Frequent Flyer
1
20.5% p.a.
$400
Up to 130,000 bonus points (100k when you spend $4,000 in the first 3 months & 30k when you keep the card open for over 12 months).
American Express Velocity Platinum Card
50,000
Velocity Frequent Flyer
1.25
20.74% p.a.
$375
Get 50,000 bonus Velocity Points when you spend $3,000 for the first 3 months. Plus, 100 Status Credits and luxury travel perks.
American Express Business Explorer Credit Card
75,000
Membership Rewards Gateway
2
3.99% p.a. for 6 months, reverts to 19.99% p.a.
$149
ABN holders w/ $75,000 revenue. Get 75,000 bonus points when you spend $3,000 in the first 3 months. Plus, 2 airport lounge passes.
Bank of Melbourne Amplify Platinum - Qantas
60,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Get 60,000 bonus Qantas Points when you spend $3,000 within the first 90 days.
Citi Rewards Card - Bonus Points Offer
100,000
Citi Rewards Program
1
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Get 100,000 bonus Citi reward Points (worth $460 in gift cards) when you spend $3,000 in the first 90 days. Plus, a $49 first-year annual fee.
St.George Amplify Platinum
80,000
Amplify Rewards
1
19.74% p.a.
$99
Receive 80,000 bonus Amplify Points (worth $350 in eGift cards) when you spend $3,000 in the first 90 days. Plus, a 0% balance transfer offer.
Bank of Melbourne Amplify Signature
200,000
Amplify Rewards
1.5
19.74% p.a.
$279
Up to 200,000 bonus points (100k in the 1st year & 100k in the 2nd year) - worth $900 in gift cards - when you spend $12k/year for the first 2 years.
BankSA Amplify Platinum - Qantas
60,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Receive 60,000 bonus Qantas Points when you spend $3,000 within the first 90 days from card approval.
St.George Vertigo Platinum - Cashback Offer
N/A
N/A
12.99% p.a.
$99
Get $300 cashback when you spend at least $900 in the first 90 days. Plus, platinum perks and a low variable interest rate on purchases.
BankSA Vertigo Platinum - Cashback Offer
N/A
N/A
12.99% p.a.
$99
Enjoy a $300 cashback when you spend at least $900 in the first 90 days. Plus, a low ongoing 12.99% p.a. purchase interest rate.
Bank of Melbourne Vertigo Platinum - Cashback Offer
N/A
N/A
12.99% p.a.
$99
Enjoy $300 cashback when you spend at least $900 in the first 90 days. Plus, a low ongoing 12.99% p.a. purchase interest rate.
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Are you eligible for complimentary credit card insurance?

The eligibility requirements for complimentary credit card insurance vary depending on the specific policy, the provider and the insurance company that underwrites it. You can find specific details in the provider’s Credit Card Insurance Booklet. But in general, the most common conditions include:

  • Spending requirements. Whether it’s travel insurance or purchase coverage, you usually have to pay with your credit card to be eligible. For example, if you want overseas travel insurance, you may be required to pay for some or all of your return ticket with your credit card before you leave. Similarly, if it’s purchase cover, you’ll have to buy the relevant item with your card.
  • Policy activation. In some cases, you may also have to “activate” the included insurance to be eligible for cover. For example, with CommBank credit cards that include travel insurance, there is no spending requirement. Instead, you need to log on to NetBank and activate the policy before you leave to get full coverage.
  • Age requirements. This typically relates to travel insurance, where people over a certain age (eg 80) may not be eligible for cover.
  • Pre-existing medical conditions. Similar to most standalone travel insurance policies, pre-existing medical conditions usually aren’t covered by complimentary overseas credit card insurance. However, depending on the insurer, you may be able to get approval for coverage with a pre-existing medical condition through an extra application. Fees usually apply for these requests, and not all credit card insurance allows it, so check the insurance policy booklet to see if this is possible for any card you’re considering.
  • Partners and/or dependant children. Usually complimentary travel insurance will cover your spouse and/or dependant children that are travelling with you and meet the eligibility requirements.

Does complimentary credit card travel insurance cover my spouse or child?

How to make an insurance claim

The claim process for complimentary credit card insurance products varies depending on the provider and the insurance company that has underwritten the policy. In general, you’ll need to submit your claim directly to the insurance provider over the phone, online or by completing and posting a claim form.

As with standalone insurance policies, claims must be made as soon as possible after the incident and within the specified timeframe to be eligible for cover. You may also be asked to submit supporting documentation for your claim, including:

  • Your credit card statement showing the relevant purchase/s required to activate the policy (ie a travel ticket)
  • A copy of a police report, if you’re claiming for lost or stolen items
  • Proof of ownership for lost, stolen or damaged items
  • Flight itineraries and letters from carriers detailing delayed flights or unexpected events

Policy details to check before applying for complimentary credit card insurance

If you’re interested in taking advantage of complimentary credit card insurance, make sure you consider the following policy details:

  • Eligibility requirements. Review the details of what you need to do to get cover and consider whether or not you will be eligible based on your circumstances. For example, if you’ve already paid for a trip overseas and then get a credit card that offers complimentary insurance, you may not be eligible for that particular trip.
  • Cover limits. All complimentary insurance policies limit the amount of money available for specific claims. For example, a purchase protection policy may limit cover to $3,000 per claim. Consider the type of cover you want and your plans to decide if these limits will suit your needs.
  • Excess costs. If you make a claim against a complimentary credit card insurance policy, you may have to pay a specified amount before you get any money back. For example, if you submit a claim for emergency overseas medical costs, you may have to pay $500 (once approved) for the claim to be processed. This is known as the excess and is most common with travel insurance (both overseas and domestic).
  • Cover period. Complimentary credit card insurance policies offer cover for a limited amount of time. For travel insurance, this could be anywhere from a few weeks to 12 months, and for purchase covers it could be 2 weeks to 3 months. It’s important to consider this cover period before you choose a credit card (or use the insurance) so that you know the cover will work for you.
  • Exclusions. As well as looking at what cover is provided, make sure you’re aware of what won’t be covered by a complimentary credit card insurance policy.
  • Claim period. There is a limited timeframe for you to submit a claim for complimentary insurance cover. For example, with a “best price guarantee”, you may only be able to make a claim within 21 days of the original purchase, and with overseas travel insurance you may only have 30 days from the time of the incident to submit a claim. Ideally, you should always aim to submit a claim as soon as possible, or at least contact the insurer to advise them of your situation.

How to compare credit cards with complimentary insurance

If you want a credit card that offers complimentary insurance, make sure you also look at the following features.

  • Interest rates. With most complimentary insurance policies requiring you to spend money on your card, it’s important to consider the interest rates that could apply to ensure that it’s affordable to use the card for insurance.
  • Annual fee. Credit cards that offer complimentary insurance often have higher annual fees than more basic products. While the insurance can help offset this cost, it’s only really worth it if you can actually make use of the complimentary cover available. In other words, paying a high annual fee for a credit card with overseas insurance usually won’t be worth it if you rarely travel.
  • Foreign currency fee. Most credit cards apply a fee of 2–4% for transactions made in a foreign currency. This charge is particularly important to consider for credit cards that offer overseas travel insurance.

Complimentary credit card insurance is a popular feature many people look for, but it’s important to understand the conditions and requirements surrounding these policies so that you can use them to your advantage. Remember to read the complimentary insurance policy booklet for specific cards before you apply, and compare a range of options so that you can choose a credit card that offers value based on your circumstances and needs.

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5 Responses

    Default Gravatar
    BruceFebruary 3, 2018

    I currently have Westpac Altitude Black CC that has a Black Altitude companion American Express Card as well as an American Express Platinum Edge CC
    I would like to know what would be a single card that gives you similar benefits for less currently 295 + 195 = 490 the benefits I consider important are airport lounge access more than the 2 per year and travel insurance and other benefits

      Avatarfinder Customer Care
      JonathanFebruary 26, 2018Staff

      Hi Bruce,

      Thanks for your inquiry!

      That is an excellent question.

      Upon checking, the credit card that fits your criteria of less than $490 annual fee, more than two airport lounge access passes, and complimentary travel insurance is the ANZ Rewards Black Credit Card. This card has an annual fee promotion, which means you pay $0 for the first year. After the first year, this card only costs $375 a year. This card also offers unlimited access to participating Véloce airport lounges outside of Australia for you and your additional cardholders.

      In addition, you can also look forward to complimentary travel insurance. Cardholders can take advantage of overseas travel and medical insurance, interstate flight inconvenience insurance, and rental excess cover. Plus, shop with peace of mind thanks to extended warranty insurance, a best price guarantee scheme, and 90-day purchase security insurance.

      If you’d like to see other options, please refer to the table above. All of the credit card featured here offers complimentary insurance, and the majority have less than $490 annual fee. You can press the “More info” link to get more information about the card. When you are ready, you may then click on the “Go to site” button and you will be redirected to the bank’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      I hope this helps.

      Best,

      Jonathan

    Default Gravatar
    RussellSeptember 16, 2017

    We paid for our flights with Myer gold Visa card to and from Bali. There now are warnings about a volcano erupting. Does our insurance on Myer card cover us for new flights is cancelled and accommodate. Please advise ASAP

    Default Gravatar
    RussellSeptember 16, 2017

    If we made payment for overseas flights by Myer Visa card do we have travel insurance to cover accommodation and flights if our set flights are canceled due to a volcano erupting in Bali?

      Default Gravatar
      LiezlSeptember 16, 2017

      Hi Russell,

      Thanks for reaching out.

      The Myer Visa card does not have complimentary travel insurance. You may review your card’s Product Disclosure Statements/Terms and Conditions to confirm this or contact Myer.

      Generally, if the travel insurance was taken out before the volcano eruption, this would cover claims such as additional hotel accommodation and transport expenses that are the result of a natural disaster. However, if the policy was taken once an event has happened these won’t be covered by travel insurance. You can check our list of travel insurance that covers natural disasters. Press the name of the insurer you prefer and press the “Get quote” button if available to request a quotation.

      Cheers,
      Liezl

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