Credit Cards with Free Travel Insurance | Compare Offer Details

Credit Cards with Free Travel Insurance

Compare credit cards with complimentary insurance for domestic and overseas travel including your luggage and car rental.

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.

Credit cards come with different features and benefits that make them more attractive to their target audience. One common offering is travel insurance.

With travel insurance credit cards you enjoy some degree of insurance cover when you travel, usually both locally and overseas. It is important to know that credit card companies provide varying travel insurance products. You need to ensure, therefore, that you carefully analyse the cover provided by each credit card so that you get the maximum benefit based on where you travel to, and what you do there.

Putting your holiday or business trip on your credit card will also often insure you against loss as a result of flight cancellations and other problems with your trip.

Some credit card travel insurance providers will cover travel you for trips of up to six months. Others are only designed to cover you for brief holidays and business trips. Most will cover you for loss of luggage, overseas emergency medical costs (watch out for restrictions) and personal liability whilst abroad.

The benefits of travel insurance credit cards over buying a standard travel insurance policy

  • Nothing to pay: The obvious benefit is that the travel insurance is free. Card issuers usually describe the policies as ‘complimentary’. It means that the cost of the insurance is built into the annual fee and/or covered by the profit they make from other charges to both cardholders and merchants.
  • Multi-trip policy: While it is possible to buy travel insurance for a specific short period, say 30 days commencing on the day of your departure, most, if not all credit card travel insurance policies are annual, multi-trip policies. This means that you can travel many times per year and still be covered by the one policy. You don’t have to remember to take out insurance, as long as you activate the policy (see below).
  • Generous cover: You also might get more cover on a complimentary policy. Travel insurance policies available for purchase have a broad range of cover periods, pay-out limits and exclusions. Credit card travel insurance is normally positioned at the generous end of the market. This is especially true for travel insurance on platinum and black level credit cards.
  • Travel insurance is just one of the benefits: Many card issuers offer a fairly comprehensive suite of insurance products for their customers. This credit card insurance ‘portfolio’ may include purchase protection cover, extended warranty, public transport accident insurance and even protection against buyer’s remorse if you recently paid too much for a product now offered at a big discount.

Important points to remember about credit card travel insurance

  • Read the fine print: You may be provided with a product disclosure statement when you sign up for your credit card. If not, the card’s web page will usually have a link to a PDF file giving details about the cover. Underwriters have different interpretations of key insurance concepts so what is covered with one provider may not be covered by another. If there are any exclusions (e.g. age limits, pre-existing illnesses, or no cover for personal items left in an unattended vehicle) you need to be aware of them.
  • Activate the policy: There are very few credit cards with travel insurance cover that is automatic. You will usually be required to either pay your travel fares in full using your credit card (e.g. airfares for all family members going on the trip) or spend a target amount with the card (e.g. $500) on trip fares or other prepaid expenses.
  • You don’t need to tell the card issuer or insurer that you are going away: While there’s no need to tell your bank that you are going on a trip, because you are covered once you have fulfilled the policy’s activation conditions, it’s still a good idea to let them know that you are going overseas (unless this is a regular occurrence) so that they don’t immediately suspect fraud and suspend your card when the overseas transactions begin to appear.

Compare some of the leading credit card travel insurance providers below and get your next trip covered.

international travel insurance
interstate flight inconvenience
personal item theft cover
Apply
Qantas Premier Platinum Credit Card
Apply by 31 oct 19
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
Yes
Yes
100,000 bonus Qantas Points and $200 back when you spend $4,000 on eligible purchases in the first 3 months.
Earn 1 Qantas Point per $1 spent on eligible purchases up to $7,500 per statement period.
Get complimentary Overseas Travel and Medical Insurance (eligibility criteria apply) provided by QBE Insurance.
More info
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Yes
Yes
Yes
NEW
American Express Westpac Altitude Black Credit Card Bundle® Credit Card Compare Exclusive Offer (Altitude)
Apply by 12 aug 19
EXCLUSIVE OFFER: Earn up to 160,000 bonus Altitude Points when you apply for the two-card bundle issued by Westpac and Amex until 12 August 2019 (Conditions Apply).
Earn up to 5 Altitude points per $1 spent on eligible overseas purchases. (Amex).
Earn 1.25 Altitude Point per $1 spent on eligible purchases. (Westpac).
New cards only.
More info
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Yes
Yes
Yes
Qantas Premier Everyday Credit Card
Apply by 31 oct 19
Receive up to 42,000 bonus Qantas Points when you spend at least $1,000 each month for the first 6 months.
Reduced annual fee of $29 p.a. in the first year ($49 p.a. thereafter).
0% p.a. for 12 months on balance transfers.
More info
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Yes
Yes
Yes
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
Yes
Yes
NAB Low Rate Platinum Card
0% p.a. for 15 months on purchases.
Platinum Concierge Service plus seven complimentary travel insurances.
Up to 55 days on purchases.
More info
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Yes
Yes
No
Virgin Australia Velocity High Flyer Credit Card
Apply by 31 aug 19
Earn up to 90,000 bonus Velocity Frequent Flyer Points. (Conditions Apply)
0% p.a. for 15 months on balance transfers.
Exclusive new $129 Virgin Australia Gift Voucher which cardholders get each year.
More info
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Yes
Yes
Yes
American Express Westpac Altitude Black Credit Card Bundle® (Qantas)
Apply by 15 oct 19
Earn up to 120,000 bonus Qantas Points when you apply for the two-card bundle issued by Westpac and Amex until 15 October 2019. (Conditions Apply)
Earn up to 2 Qantas points per $1 spent on eligible overseas purchases. (Amex)
Westpac Mastercard® issued and serviced by Westpac. AMEX Westpac Altitude Card issued & serviced by American Express.
More info
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Yes
Yes
Yes
ANZ Rewards Platinum Credit Card
50,000 points and $50 cashback when you spend $2,000 on eligible purchases in the first 3 months.
A range of complimentary insurances for travel and purchases.
Earn ANZ Rewards Points on everyday purchases.
More info
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Yes
Yes
No
American Express Westpac Altitude Black Credit Card Bundle® (Velocity)
Apply by 15 oct 19
Earn up to 120,000 bonus Velocity Points when you apply for the two-card bundle issued by Westpac and Amex until 15 October 2019 (conditions apply).
Level up your tier by earning up to 75 Velocity Status credits (conditions apply).
Earn up to 2 Velocity points per $1 spent on eligible overseas purchases. (Amex).
More info
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Yes
Yes
Yes
American Express Westpac Altitude Platinum Credit Card Bundle® (Qantas)
Apply by 15 oct 19
Earn up to 75,000 bonus Qantas points when you apply for the two-card bundle issued by Westpac and Amex until 15 October 2019. (Conditions Apply)
Earn up to 1.5 Qantas point per $1 spent on eligible overseas purchases. (Amex)
Westpac Mastercard® issued and serviced by Westpac. AMEX Westpac Altitude Card issued & serviced by American Express.
More info
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Yes
No
Yes
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Q&As about Travel Insurance Credit Cards from customers

Q: Do all credit cards have complimentary travel insurance cover?

No. The higher your annual fee, the more likely it is that your card will have travel insurance. Rewards points and frequent flyer points cards also tend to have travel insurance since many of the points redemption options involve travel. But cards with a lower, or zero, annual fee may not have any travel insurance benefits.

Q: What is covered by my credit card travel insurance policy?

You will need to read the details in the product information booklet (either a printed copy or a downloaded PDF file) to find out exactly what is covered, and what the payout limits and conditions are. Some of the items commonly covered are:

  • Emergency medical expenses while travelling overseas
  • Loss, theft and damage cover for luggage and other personal belongings
  • Compensation for unavoidable trip cancellation or missed connections
  • Compensation for delay, e.g. delayed flights
  • Car rental insurance excess waiver (mostly while overseas only, but some policies cover this in Australia as well)
  • Accidental death or permanent disability, loss of income
  • Personal liability while travelling
Q: Who is covered by my credit card travel insurance policy?

Again, this varies from card to card. The primary cardholder is invariably covered if there is a travel insurance policy in place. The vast majority of policies (but not all of them) also cover the cardholder’s spouse and children when accompanying the cardholder, provided the policy activation conditions have been met for all persons travelling. Many cards also have cover for supplementary cardholders, which means that a spouse who is a supplementary cardholder is still covered, and children accompanying the spouse are still covered, when travelling without the primary cardholder. Accompanying extended family members, such as parents or siblings, would not be covered (unless they were a supplementary cardholder). Check the product disclosure statement to find out what your particular policy covers.

Q: What is the maximum trip length allowed on my credit card travel insurance policy?

Although there is usually no limit on the number of trips covered in any year, there is a limit on each trip’s duration. For trips within Australia there is often a 14-day limit, and the trip must involve interstate air travel. Overseas trip cover generally allows for longer periods of cover, from 30 days to as long as six months. Once again, the insurance information booklet or product disclosure statement will have more information about this.

Q: How do I activate my credit card travel insurance policy?

Most credit card travel insurance policies have some kind of activation condition, involving travel spending using the credit card. For domestic travel insurance (interstate flight inconvenience cover) you will usually have to pay the airfares in full for everyone needing to be covered. Overseas travel policy activation normally has either the same airfare payment condition, or a target amount (e.g. $500) to be spent using the card for the trip’s prepaid expenses (fares, accommodation, tour or activity costs, etc.) before departure. Rewards and frequent flyer points cards sometimes accept activation where the airfares were purchased with points.

Q: Is the credit card issuer also the insurer behind the policy?

No. The card issuer will have made a master agreement with an insurance underwriter (e.g. ACE, Allianz, QBE) to provide cover for its cardholders.

Q: How do I make a claim against my credit card travel insurance policy?

You will need to make a claim directly with the insurance underwriter, although your card issuer’s service centre will usually help you to get in touch with them if you don’t have the contact details with you while travelling. But it is a good idea to take the policy and insurer contact details with you (or have them available on your mobile device). The insurance underwriter’s product disclosure statement will often provide a list of emergency contact telephone numbers for popular overseas destinations. If you need to make a claim but do not need financial, legal or practical assistance through the policy while you are away, you can wait until you return home before you contact the insurer. Retain any paperwork that you will need to support your claim, and don’t wait too long: there will be a time limit after your return during which you must make your claim.

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