Credit Cards with Free Purchase Protection Insurance

Credit Cards with Purchase Protection

When you’ve bought something using your card it will be protected against loss, theft or accidental damage.

0% p.a. on balances transferred for 22 months, with no balance transfer fee.
$129 p.a. annual fee which is refundable each year when you spend $6,000 on eligible purchases.*
Earn 2 pts per $1 spent on overseas purchases.
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HSBC Platinum Credit Card Balance Transfer Offer
Apply by 30 sep 20
Application
on HSBC's website
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purchase rate
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HSBC Platinum Credit Card Balance Transfer Offer
Apply by 30 sep 20
0% p.a. on balances transferred for 22 months, with no balance transfer fee.
$129 p.a. annual fee which is refundable each year when you spend $6,000 on eligible purchases.*
Earn 2 pts per $1 spent on overseas purchases.
More info
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Yes
19.99% p.a.
ongoing
$129
ongoing
Get 55,000 bonus Qantas Points when you apply by online, are approved and spend $3,000 within the first 3 months. New Card Members only.
Earn 1.25 Qantas Points for every $1 spent on Card purchases, except spend at government bodies in Australia where you will earn 0.5 Qantas Points per $1 spent.
$450 Qantas Travel Credit each year. (Conditions Apply)
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Yes
20.74% p.a.
ongoing
$450
ongoing
Get 50,000 Membership Rewards points when you apply online, are approved and spend $3,000 in the first 3 months. New Card Members only.
Receive a $400 Travel Credit each year towards any flights, hotels and car hire when you book online with this card.
T&Cs and eligibility criteria apply. Available to new card members only.
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Yes
20.74% p.a.
ongoing
$395
ongoing
CUA Platinum Credit Card
0% p.a. for 18 months on balance transfers with $0 balance transfer fee.
$149 p.a. annual card fee waived for the first year.
Complimentary insurances on travel and shopping.
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Yes
19.99% p.a.
ongoing
$0
1st year
then $149
Earn 30,000 points when you apply online as a new Card Member, are approved and spend $3,000 in 3 months. New Card Members only.
Relax with 2 complimentary Qantas Club invitations every year. (Conditions Apply)
Complimentary domestic and international travel insurance.
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Yes
20.74% p.a.
ongoing
$249
ongoing
Get 80,000 Membership Rewards points when you apply, are approved, and meet the minimum spend criteria of $3,000 in the first 3 months. Available to new Card Members only.
Receive a $450 Platinum Travel Credit each year, which can be redeemed for flights, hotels or car hire.
Complimentary access for you and a guest to over 1,200 Airport lounges across 130 countries.
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Yes
-
$1,450
ongoing
0% p.a. for 18 months on balance transfers with $0 balance transfer fee.
11.99% p.a. interest rate on purchases.
$0 p.a. annual card fee for the first year.
More info
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Yes
11.99% p.a.
ongoing
$0
1st year
then $49
Receive 15,000 Membership Rewards Points or 7,500 Qantas Points when you are approved and spend $750 at locations excluding David Jones on your new card within the first three months. Available to new David Jones American Express Card Members only.
Earn up to 3 Reward Points per $1 spent at major supermarkets and petrol stations, 2 Reward Points per $1 spent at David Jones, and 1 Reward Point per $1 spent elsewhere.
Flexibility to choose Qantas Frequent Flyer or Membership Rewards as your rewards program.
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Yes
20.74% p.a.
ongoing
$99
ongoing
Receive 30,000 Membership Rewards Points or 15,000 Qantas Points when you are approved and spend $750 at locations excluding David Jones on your new card within the first three months. Available to new American Express David Jones Platinum Credit Card Members only.
Earn 4 Reward Points per $1 spent at David Jones, 3 Reward Points per $1 spent at major supermarkets and petrol stations and 1 Reward Point per $1 spent elsewhere.
Flexibility to choose Qantas Frequent Flyer or Membership Rewards as your rewards program.
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Yes
20.74% p.a.
ongoing
$295
ongoing
75,000 annual bonus points when you spend $48,000 on eligible purchases in the year.
Earn up to 2 pts per $1 spent on eligible purchases.
No foreign transaction fees and complimentary international credit card travel insurance.
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Yes
19.99% p.a.
ongoing
$160
ongoing
St.George Amplify Platinum Credit Card (Amplify Points)
Apply by 30 sep 20
0% p.a. for 22 months on balance transfers with 1.5% balance transfer fee. Reverts to cash advance rate.
0% p.a. on purchases for up to 7 months from card approval (reverts to 19.74% thereafter).
$0 p.a. annual fee for the first year ($99 p.a. thereafter).
More info
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Yes
7 months
0% p.a.
then 19.74%
$0
1st year
then $99
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Q&As about Purchase Protection from customers

What is credit card purchase protection?

Credit card purchase protection is a complimentary insurance policy attached to a credit card, providing a period of cover against loss, theft or accidental damage for most new items purchased using the credit card.

What is the cost of credit card purchase protection?

There is no cost for credit card purchase protection. It is a complimentary insurance policy attached to some credit cards.

Do all credit cards have complimentary purchase protection?

No. Most (but not all) personal (i.e. non-business) gold, platinum or black cards will have purchase protection included. Some lower-level cards also have this type of complimentary policy.

What is the usual length of time for which purchases are covered?

In most cases cover is extended for a period of 90 days from the purchase date, but a very small number of premium cards offer 120 days of cover.

What kind of purchases are covered?

Typically, the item must be new, and intended for personal use (which means that purchases for business purposes are not covered). Some types of items are usually excluded. The exclusion list may include animals and plants, cash, traveller’s cheques, tickets, perishable items, motor vehicles, antiques, computer software and services.

Is there any limit to the claims I can make?

The amount you can claim for a single item is limited to the actual purchase price you paid using your card, after deducting any compensation you can receive by other means, such as a warranty on the item or a claim against a transit company. There may be a fairly low individual limit (such as $2,500) for an item classified as jewellery, a watch or fine art. Additionally, there may be an annual claim limit, such as $100,000.

Does it matter where I bought the item?

It usually doesn’t matter whether you bought the item in a physical store or on the internet. Some policies may exclude goods purchased overseas.

How do I make a claim?

You need to lodge a claim directly with the card issuer’s partner insurance company, not with the card issuer, and this must normally be done within 30 days of the loss, theft or damage. Details on how to make a claim may have been supplied in a printed booklet sent by the card issuer when you first opened the account. Alternatively, you can usually find information about the claims procedure online, as a link in your card’s web page.

What documentation do I need to make a claim?

You will need a receipt or other written proof of purchase of the item with your card, showing the date and amount paid. As well as this you must prove your loss, and a police report may be necessary. In the case of a claim for damage, the damaged item must be retained for inspection if required.

What if I disagree with the insurer’s decision about my claim?

The insurer will have a dispute resolution procedure, set out in the purchase protection policy documentation received with the card, or available online.

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