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

Rates last updated October 18th, 2019
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
Virgin Australia Velocity Flyer Card - Bonus Points Offer
70,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 70,000 bonus Velocity Points when you meet the spend requirement. Plus, save with a 0% interest for 18 on balance transfers.
HSBC Platinum Qantas Credit Card
Qantas Frequent Flyer
1
19.99% p.a.
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
Save with a $0 first year annual fee and a long-term balance transfer offer. Plus, complimentary travel insurance.
St.George Amplify Signature - Qantas
80,000 bonus points
Qantas Frequent Flyer
0.75
19.74% p.a.
$139 p.a. annual fee for the first year ($279 p.a. thereafter)
Get 80,000 bonus Qantas Points when you spend $6,000 in 90 days and 2 complimentary Qantas Club lounge invitations per year.
Qantas American Express Ultimate Card
120,000 bonus points
Qantas Frequent Flyer
1.25
20.74% p.a.
$450 p.a.
Get 120,000 bonus Qantas Points. Plus, a $450 Qantas Travel Credit and 2 complimentary Qantas Club lounge invitations per year.
American Express Velocity Platinum Card
50,000 bonus points
Velocity Frequent Flyer
1.25
20.74% p.a.
$375 p.a.
Get 50,000 bonus Velocity Points when you spend $3,000 for the first 3 months. Plus, 100 Status Credits and luxury travel perks.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
30,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with a 0% p.a. interest rate on balance transfers for the first 22 months, with a 1% balance transfer fee. Plus, a reduced $64 first year annual fee.
NAB Qantas Rewards Signature Card
120,000 bonus points
Qantas Frequent Flyer
1
19.99% p.a.
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect up to 120,000 bonus Qantas Points. Get 90,000 when you spend $3,000 on eligible purchases in the first 60 days and 30,000 after 12 months.
American Express Platinum Edge Credit Card
Membership Rewards Ascent
1
20.74% p.a.
$195 p.a.
Receive a yearly $200 Travel Credit and complimentary domestic and international travel insurance, plus 0% p.a. for 12 months on balance transfers.
Emirates Citi World Mastercard
60,000 bonus points
Emirates Skyward Miles Program
1
21.49% p.a.
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Receive up to 60,000 bonus Skywards Miles and pay half the annual fee for the first year.
American Express Westpac Altitude Platinum Bundle - Velocity
75,000 bonus points
Velocity Frequent Flyer
1
0.5
20.24% p.a. (AMEX)

20.49% p.a. (Visa/MC)

$200 p.a. annual fee for the first year ($249 p.a. thereafter)
Earn up to 75,000 bonus Velocity Points when you meet the criteria with this dual Mastercard (issued by Westpac) & Amex (issued by Amex).
American Express Westpac Altitude Black Bundle - Velocity
100,000 bonus points
Velocity Frequent Flyer
1.25
0.75
20.24% p.a. (AMEX)

20.49% p.a. (Visa/MC)

$399 p.a. annual fee for the first year ($499 p.a. thereafter)
Up to 100,000 bonus Velocity Points with Mastercard (issued by Westpac) & Amex (issued & serviced by Amex). T&Cs apply.
Qantas Premier Everyday
42,000 bonus points
Qantas Frequent Flyer
0.75
19.99% p.a.
$29 p.a. annual fee for the first year ($49 p.a. thereafter)
Get up to 42,000 bonus Qantas Points (7,000/month) when you spend $1,000/month for the first 6 months. Ends 31 October 2019.
BankSA Amplify Platinum - Qantas
60,000 bonus points
Qantas Frequent Flyer
0.5
19.74% p.a.
$99 p.a.
Receive 60,000 bonus Qantas Points when you spend $2,000 within 90 days and earn up to 0.5 Qantas Points per $1 spent.
BankSA Amplify Signature - Qantas
80,000 bonus points
Qantas Frequent Flyer
0.75
19.74% p.a.
$139 p.a. annual fee for the first year ($279 p.a. thereafter)
Get 80,000 bonus Qantas Points when you spend $6,000 within 90 days. Plus, complimentary lounge passes.
Bank of Melbourne Amplify Platinum - Qantas
60,000 bonus points
Qantas Frequent Flyer
0.5
19.74% p.a.
$99 p.a.
Receive 60,000 bonus Qantas Points when you spend $2,000 within 90 days and earn up to 0.5 Qantas Points per $1 spent.
Westpac Altitude Black - Velocity
80,000 bonus points
Velocity Frequent Flyer
0.75
20.49% p.a.
$300 p.a.
Earn 80,000 bonus Velocity Points when you meet the spend requirement. Plus, complimentary seat upgrades and lounge passes.
St.George Amplify Platinum - Qantas
60,000 bonus points
Qantas Frequent Flyer
0.5
19.74% p.a.
$99 p.a.
Receive 60,000 bonus Qantas Points when you spend $2,000 within 90 days and earn 0.5 Qantas points per $1 spent.
Bank of Melbourne Amplify Signature - Qantas
80,000 bonus points
Qantas Frequent Flyer
0.75
19.74% p.a.
$139 p.a. annual fee for the first year ($279 p.a. thereafter)
Offers 80,000 bonus Qantas Points when you spend $6,000 in 90 days, plus, 2 Qantas lounge passes per year and a discounted first year annual fee.

Compare up to 4 providers

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 $0 or reduced 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.

Images: Shutterstock

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6 Responses

  1. 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

  2. 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

  3. 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

Credit Cards Comparison

Rates last updated October 18th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
Enjoy a balance transfer offer, yearly annual fee refund, airport lounge passes and complimentary insurance covers.
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 18 months
$199 p.a. annual fee for the first year ($299 p.a. thereafter)
Get up to 120,000 bonus Qantas Points (20,000/month) when you spend $1,500/month for the first 6 months. Ends 31 October 2019.
Latitude Low Rate Mastercard
9.89% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 22 months with 1% balance transfer fee
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with a 0% p.a. interest rate on balance transfers for the first 22 months, with a 1% balance transfer fee. Plus, a reduced $64 first year annual fee.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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