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.

Receive up to 120,000 bonus Qantas Points when you spend at least $1,500 each month for the first 6 months.
Reduced annual fee of $199 p.a. in the first year ($299 p.a. thereafter).
0% p.a. for 18 months on balance transfers.
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purchase rate
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Qantas Premier Platinum Credit Card
Apply by 26 feb 20
Receive up to 120,000 bonus Qantas Points when you spend at least $1,500 each month for the first 6 months.
Reduced annual fee of $199 p.a. in the first year ($299 p.a. thereafter).
0% p.a. for 18 months on balance transfers.
More info
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Yes
19.99% p.a.
ongoing
$199
1st year
then $299
Get 55,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months.
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)
More info
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Yes
20.74% p.a.
ongoing
$450
ongoing
NAB Qantas Rewards Signature Card
Earn up to 120,000 Qantas Points. Get 90,000 points when you spend $3,000 in the first 60 days from account approval date and an additional 30,000 points on payment of second year annual fee.
Seven complimentary insurances when you make an eligible purchase.
Reduced Annual Card Fee of $295 in first year (reverts to $395 after first year).
More info
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Yes
19.99% p.a.
ongoing
$295
1st year
then $395
Receive 50,000 bonus Qantas points and $195 back with your new ANZ Rewards Black card (terms and conditions apply).
Complimentary Qantas Frequent Flyer Membership.
Eligibility criteria, T&Cs, fees and charges apply.
More info
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Yes
20.24% p.a.
ongoing
$295
ongoing
Get 50,000 Membership Rewards points when you apply online, are approved and spend $3,000 in the first 3 months.
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.
More info
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Yes
20.74% p.a.
ongoing
$395
ongoing
No annual card fee to pay each year.
Base earn rate is 0.75 pt per $1 spent. Get an additional 1 point per $1 when spending with Virgin Australia.
0% p.a. for 12 months for balance transfers and a one-off credit plan establishment fee of 1%.
More info
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Yes
20.74% p.a.
ongoing
$0
ongoing
Earn 30,000 points when you apply online as a new Card Member, are approved and spend $3,000 in 3 months of Card Membership.
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
Receive up to 80,000 Membership Rewards Bonus Points when you apply online, are approved and spend $3,000 in the first 3 months.
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
Bank of Melbourne Vertigo Platinum Credit Card
Apply by 12 feb 20
3 reviews
Enjoy 0% p.a. for 15 months. Reverts to purchase rate, thereafter.
Reduced annual fee of $49 p.a. for the first year ($99 p.a. thereafter).
Complimentary overseas travel insurance and extended warranty on purchases.
More info
Add to comparison
Yes
15 months
0% p.a.
then 12.99%
$49
1st year
then $99
BankSA Vertigo Platinum Credit Card
Apply by 12 feb 20
Enjoy 0% p.a. for 15 months on purchases.
Up to 55 days on purchases.
Reduced annual fee of $49 p.a. for the first year then ($99 p.a. thereafter).
More info
Add to comparison
Yes
15 months
0% p.a.
then 12.99%
$49
1st year
then $99
HSBC Platinum Credit Card Balance Transfer Offer
Apply by 31 dec 19
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
Add to comparison
Yes
19.99% p.a.
ongoing
$129
ongoing
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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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