Earn rewards as you spend and save when you travel with frequent flyer credit cards with complimentary travel insurance
Travel insurance is usually complimentary when airline ticket/s are purchased with the Frequent Flyer Credit Card or by redeeming accumulated FF reward points. Check which card will provide the most cover for the least amount of fees by comparing the various choices on offer.
HSBC Credit Card Offer
Benefit from complimentary international travel insurance cover, and a promotional balance transfer rate. Receive 60,000 bonus Qantas Points when you spend $3,000 in the first three months.
- $199 p.a. annual fee
- 19.99% p.a. on purchases
- Cash Advance Rate of 21.99% p.a.
- Up to 55 days interest free
- Minimum Income Requirement of $40,000 p.a.
Frequent Flyer Credit Cards with Complimentary Travel Insurance
Rates last updated December 5th, 2016.
- American Express Platinum Edge Credit Card
Standard 10,000 bonus points offer + 0% for 12 months BT offer + $200 Travel Credit
November 1st, 2016
- American Express Qantas Ultimate Card
New offer of 100,000 bonus Qantas Points + extended 0% for 12 months BT offer until 30 January 2017
November 15th, 2016
- ANZ Frequent Flyer Platinum
50,000 bonus points offer has been extended, plus a new offer of $0 annual fee for the first year.
November 29th, 2016
Key features of frequent flyer credit cards
Even though these credit cards may differ in certain aspects, most frequent flyer credit cards with travel insurance give a similar reward offering. Usually, credit cards are grouped into categories such as Gold and Platinum with each having different eligibility criteria and rewards attached to it. When comparing Platinum Frequent Flyer Credit Cards with Travel Insurance, for example, the following features usually apply.
What does complimentary travel insurance usually include?
The complimentary travel insurance on frequent flyer credit cards typically covers the cardholder for both domestic and international travel, but should be confirmed. Other insurance covers include the following:
- Main cardholder's include:
- Medical emergency expenses
- Travel inconvenience
- Travel cancellations
- Flight interruptions
- Missed connection flights
- Flight and baggage delays
- Personal liability
- Documents, money and baggage
- Purchase protection for items when:
- Refund protection
- Fraud protection. Internet fraud loss protection for online purchases
- Overseas support. Emergency cash advances and card replacements
In order to be considered for a Frequent Flyer Credit Card with Travel Insurance, individuals will need to pass certain qualification criteria. These usually include:
- Age. Individuals of 18 years and older
- Permanent residents of Australia.
- Minimum annual income. Usually around $40,000
- Credit rating. Good credit record
Credit limits given are usually decided by income levels and credit rating status.
Other factors to consider
Various rewards and offerings have been designed to cater for numerous individual circumstances. Card fees could range from $0 to over $300 per annum, and should therefore not be overlooked. Compare the following:
- Annual fees. Annual card fees for the main cardholder and supplementary cards.
- Purchase rate. Interest rates charged on purchases.
- Balance transfer features. Balance transfer fee, rates and period.
- Frequent Flyer Points. How many points you can earn per $1 spent and whether any points caps apply.
- Reward points. Earning rates, types of rewards available for redemption.
- Cash advance rates. If you are going to use cash withdrawals you will have to take the cash advance interest rate into consideration.
Also look out for any introductory promotions offered, especially when considering the interest rate charges on the card. Some banks may even offer a zero percent interest rate for the first 6 months on purchases, but may charge higher rates thereafter. Some cards also offer both a frequent flyer points system with an additional reward system depending on the specific rewards program.
There are a number of Frequent Flyer Credit Cards with Travel Insurance available to individuals who frequently travel by air. This is good news for consumers as this means that competition between banks are fierce, and therefore highly competitive. Look beyond promotional introductory offers to determine which card will have the lowest interest rates and charges before making a final decision.Back to top