Frequent Flyer Credit Cards with Travel Insurance

Earn points as you spend and travel with peace of mind with a frequent flyer credit card that gives you complimentary travel insurance.

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If you’re planning an overseas trip, you could earn points as you spend and save on travel costs with a frequent flyer credit card that offers complimentary international travel insurance. As the points potential and inclusions of the travel insurance will vary, it’s important to compare your options before you apply for one of these cards.

You can use this guide to compare credit cards linked with Qantas Frequent Flyer, Velocity Frequent Flyer and credit card rewards programs that also come with complimentary travel insurance.

Compare frequent flyer credit cards with complimentary travel insurance

Data indicated here is updated regularly
Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate 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, 75 bonus Status Credits and a 0% p.a. balance transfer rate for 18 months (with a one-time 1% BT fee).
NAB Qantas Rewards Signature Card
130,000
Qantas Frequent Flyer
1
19.99% p.a.
$295 annual fee for the first year ($395 p.a. thereafter)
Up to 130,000 bonus Qantas Points (100k when you spend $3,000 in the first 60 days and 30k after 12 months). Plus, a reduced first year annual fee.
Qantas American Express Premium Card
80,000
Qantas Frequent Flyer
1
20.74% p.a.
$249
Enjoy 80,000 bonus Qantas Points, $200 back and 2 complimentary Qantas Club lounge invitations per year. Ends 2 Feb 2021.
Qantas American Express Ultimate Card
100,000
Qantas Frequent Flyer
1.25
20.74% p.a.
$450
Receive 100,000 bonus Qantas Points and $200 back on your card when you spend $3,000 within the first 3 months. Ends 2 Feb 2021.
American Express Platinum Edge Credit Card
50,000
Membership Rewards Ascent
1
20.74% p.a.
$195
Receive 50,000 bonus points when you spend at least $1,500 within the first 3 months. Plus, receive $200 travel credit each year. Ends 27 Jan 2021.
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.
BankSA Amplify Platinum - Qantas
70,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Receive 70,000 bonus Qantas Points when you spend $1,500 each month for the first 3 months. Plus a 0% balance transfer offer. Ends 9 Feb 2021.
Bank of Melbourne Amplify Platinum - Qantas
70,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Get 70,000 bonus Qantas Points when you spend $1,500 each month for the first 3 months and earn up to 0.5 points per $1 spent. Ends 9 Feb 2021.
St.George Amplify Platinum - Qantas
70,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Earn 70,000 bonus Qantas Points, plus enjoy 0% p.a. on balance transfers for 15 months and complimentary insurance covers. Ends 9 Feb 2021.
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What is covered by my complimentary travel insurance policy?

The specific details will vary between policies and you’ll need to confirm exactly what you’re eligible for, but complimentary international travel insurance cover usually includes the following:

  • Emergency medical expenses when you’re travelling overseas
  • Loss, theft and damage cover for luggage and personal belongings
  • Compensation for unavoidable trip cancellation or missed connections
  • Travel inconvenience compensation for delayed flights
  • Car rental insurance excess waiver
  • Personal liability while travelling
  • Accidental death, permanent disability and loss of income

The length of this cover will vary between policies, but can sometimes cover up to three to six months of travel. This cover usually applies to the cardholder as well as to the cardholder’s spouse or dependent children when they’re travelling with the account holder. Your spouse or children will also need to meet the eligibility requirements to make an insurance claim.

How to access your complimentary travel insurance

credit card and plane tickets on laptop

You might have to meet a spend requirement to activate your insurance policy. For example, you may be required to spend at least $500 on prepaid travel costs (such as flights, accommodation or tour bookings). Meanwhile, other card issuers may require you to activate your offer via the mobile banking app to access the insurance. You can check your card’s complimentary travel insurance policy for the exact steps you’ll need to take to access the cover.

Like standalone travel insurance policies, you’ll need to meet eligibility requirements to access complimentary insurance. For example, these policies don’t always cover cardholders who are more than 79 years of age or who have pre-existing medical conditions. You can find the details of the policies and the individual eligibility requirements on the bank website.

How to compare frequent flyer credit cards with complimentary travel insurance

When you’re comparing cards that earn points and offer complimentary travel insurance, you should consider the following factors:

  • Bonus points. Many frequent flyer cards offer new cardholders thousands of bonus points on sign up. You usually need to spend a certain amount to get the bonus points, but they can help boost your rewards balance and allow you to redeem your goal reward faster
  • Earn rates. You should also compare cards by how many points you’ll earn per $1 spent. The earn rates will vary between cards and different eligible purchases, but 1 point per $1 spent is a relatively competitive rate.
  • Policy details. Compare the inclusions, exclusions and eligibility requirements of the complimentary insurance policy before you sign up. You should also research the claim process in case you need to contact your insurer while you’re overseas
  • Annual fees. Although some offer reduced or $0 annual fees, these cards usually charge high annual fees. Make sure that the value of the rewards, complimentary insurance and other extras offset this cost to justify getting the card.
  • Purchase interest rates. These cards usually charge high purchase interest rates. While you should aim to pay off your balance in full each statement to avoid interest, you should still consider the interest rates you’ll collect on your purchases.

A frequent flyer credit card with complimentary travel insurance could be a great way to earn points as you spend and travel with peace of mind. However, as the insurance policies will vary between products, it’s important to compare your options to ensure the cover suits your needs.

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6 Responses

    Default Gravatar
    CasiJune 15, 2018

    Hi I am a frequent flyer card holder dark blue card, I want to take out travel insurance and want a quote please zzz how do I get this. Regards casi

      Default Gravatar
      ArnoldJune 15, 2018

      Hi Casi,

      Thanks for your inquiry

      Cards with Complimentary travel insurance will usually require you to meet eligibility criteria to qualify for the cover. These requirements may vary between frequent flyer cards. To know the criteria you need to meet and to make sure you qualify for a cover, it would be best to check directly with the card issuer.

      Hope this information helps

      Cheers,
      Arnold

    Default Gravatar
    mikeJune 11, 2014

    does my ANZ platinum card give me travel insurance overseas when I purchase the travel?

      Avatarfinder Customer Care
      ShirleyJune 12, 2014Staff

      Hi Mike,

      Thanks for your question.

      Yes the ANZ Platinum card offer travel insurance. Please see this page for eligibility requirements.

      Cheers,
      Shirley

    Default Gravatar
    Margaret-AnnJanuary 18, 2014

    With the HSBC Credit Card it says you ‘might’ receive 20,000 reward points. What are the eligible requirements to receiving the 20,000 award points?

      Avatarfinder Customer Care
      MattJanuary 20, 2014Staff

      Hi Margaret,

      Thanks for your question – the bonus 20,000 points comes when you make an eligible purchase within 3 months of applying.
      Cheers
      Matt

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