Credit cards with baggage, money and documentation cover

Information verified correct on September 26th, 2016
Make hassle-free payments abroad with your credit card by informing your credit card company about your travel plans. Make hassle-free payments abroad with your credit card by informing your credit card company about your travel plans.

Credit cards that cover your essentials should you happen to get robbed or lose them while travelling abroad.

Have you ever thought what would happen if you lost or damaged important possessions or documents while overseas? Losing your credit cards, tickets, passports or other important documents would probably spell disaster, or even leave you stranded. To avoid such a scenario, some credit card providers can offer travel insurance that covers the loss of such items on overseas trips.

Although you may take precautions to protect your items, unexpected events can still cause you to lose your luggage, money or travel documents, which is why you might want to learn more about credit cards with baggage, money and documentation cover, and how they can help in times of emergencies.

Citi Qantas Signature Credit Card

Citi credit card offer with baggage, money and documentation cover

Secure your essentials against loss, damage or theft while travelling. Enjoy 70,000 bonus Qantas Points on eligible spend and receive a discounted annual fee in the first year.

  • $99 p.a. annual fee for the first year ($395 p.a. thereafter) annual fee
  • 20.99% p.a. on purchases
  • 0% p.a. for 6 months on balance transfers
  • Cash Advance Rate of 21.74% p.a.
  • Up to 55 days interest free
  • Minimum Income Requirement of $75,000 p.a.

Compare credit cards that offer baggage, money and documentation cover

Rates last updated September 26th, 2016
Bonus Points Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Citi Qantas Signature Credit Card
Earn up to 70,000 bonus Qantas Points on eligible spend, plus enjoy a 0% p.a. for 6 months offer on balance transfers.
70,000 bonus points 20.99% p.a. 0% p.a. for 6 months $99 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
60,000 bonus points 19.99% p.a. $199 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ANZ Rewards Platinum
Receive 50,000 bonus Reward Points after your first eligible purchase is made within 3 months of card approval and earn up 2 Reward Points for every dollar spent on purchases.
50,000 bonus points 18.79% p.a. $95 p.a. Go to site More info
American Express Qantas Ultimate Card
Enjoy 50,000 bonus Qantas Points when you meet the minimum spend requirement and earn up to 3 Qantas Points for every $1 spent. Also enjoy a complimentary return flight every year.
50,000 bonus points 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $450 p.a. Go to site More info
ANZ Frequent Flyer Black
Earn up to 75,000 bonus Qantas Points after you make your first eligible purchase within 3 months of card approval plus earn 1.5 points per $1 spent. Easier payments with Apple Pay.
75,000 bonus points 19.99% p.a. $425 p.a. Go to site More info
ANZ Frequent Flyer Platinum
Get 50,000 bonus Qantas Points after first eligible purchase is made within three months. Earn up to 1.5 Qantas Points per $1 spent on purchases.
50,000 bonus points 19.99% p.a. $295 p.a. Go to site More info
St.George Amplify Platinum
This card features a balance transfer rate of 12% p.a. for 18 months, 1% p.a. for 12 months on purchases and an annual fee waiver for the first year.
1% p.a. for 12 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $0 p.a. annual fee for the first year ($99 p.a. thereafter) Go to site More info
American Express Platinum Edge Credit Card
Receive 10,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Enjoy 0% p.a. for 12 months on balance transfers and receive a complimentary Virgin Australia domestic economy return flight every year.
10,000 bonus points 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $195 p.a. Go to site More info
American Express Qantas Premium Card
Earn as much as 30,000 bonus Qantas Points when you meet the minimum spend requirement. Enjoy frequent flyer benefits including uncapped Qantas Points per $1 spent, complimentary travel insurance and Qantas Club lounge invitations.
30,000 bonus points 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $249 p.a. Go to site More info
American Express Platinum Card
Receive 80,000 Membership Rewards Bonus Points when you meet the minimum spend requirement and earn up to 3 points per dollar spent. Gain access to travel insurance, $300 Platinum Travel Credit every year and access to 800 VIP airport lounges.
80,000 bonus points $1,200 p.a. Go to site More info
NAB Velocity Rewards Premium Card
0% p.a. on purchases and balance transfers for 15 months and 20,000 bonus Velocity Points when you make an everyday purchase in the first 90 days of opening your account. You gain both Visa and American Express cards which are linked to one single account and annual fee.
20,000 bonus points 0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $150 p.a. Go to site More info
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Receive 30,000 bonus Velocity Points and earn 1 Velocity Points per $1 spent. Receive an exclusive $129 Virgin Australia Gift Voucher and two complimentary Single Entry Virgin Australia domestic Lounge passes each year.
30,000 bonus points 20.74% p.a. 0% p.a. for 6 months $144 p.a. annual fee for the first year ($289 p.a. thereafter) Go to site More info
American Express Velocity Platinum Card
Enjoy up to 50,000 bonus Velocity Points when you meet the minimum required spend and earn up to 3 rewards points per dollar spent. Also receive a complimentary return flight every year.
50,000 bonus points 20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $349 p.a. Go to site More info
Emirates Citi World MasterCard
Enjoy up to 10% off Emirates flights on your first spend when you book before 31 December 2016. Also pay a reduced annual fee for the first year.
20.99% p.a. 0% p.a. for 9 months $149 p.a. annual fee for the first year ($299 p.a. thereafter) Go to site More info
Citi Rewards Platinum Card - Cashback Offer
Earn $250 cashback on eligible spend, plus enjoy 0% p.a. balance transfer offer for 12 months, discounted annual fees for the life of the card and a complimentary travel insurance.
20.99% p.a. 0% p.a. for 12 months $99 p.a. annual fee for the first year ($199 p.a. thereafter) Go to site More info

What are these types of credit cards?

If you travel overseas frequently, then a card with baggage, money and documentation cover might be an option for you to consider. These cards can cover most valuables, including your laptop, mobile phone or money, and can give you a sense of security while you are on international trips.

Some credit cards may have restrictions in terms of what items are covered and for what amount, so be sure to check this before applying. Items that are lost in the airport or damaged in transit may also be covered depending on the type of card you have.


How do they work?

Credit cards with baggage, money and documentation cover usually have a limit that covers the loss damage or theft of your valuables on trips. Within this limit, you will have a cover for your money and documents such foreign currencies, driving license and passport, vouchers and travellers cheques.

The limit may also cover other valuable, such as your mobile phone and laptop computer against theft, loss or damage. For stolen items, most credit card companies will require a receipt of the item so that it can be replaced. It’s important to check the PDS of the product before travelling, as insurers have a lot of exclusions.

You’re still required to take care of your possessions to prevent loss or theft, since some insurance policies on credit cards do not cover items lost due to your own carelessness. For example, items stolen in an unattended vehicle or in a hotel room may not be covered.

With these type of credit cards, you will have the assurance of getting your important items replaced should anything happen to them. Again, the important thing to remember is that these cards have terms and conditions that affect eligibility for insurance coverage, so you need to ensure you follow them to the letter so as to benefit from the insurance cover.


How to compare credit cards that offer this type of cover

Different credit cards will offer you varying covers for your valuables, money and documents, so you check to see what cover is offered by the product you’re considering. Here are a few things you can look at when comparing credit cards with baggage, money and documentation cover to ensure you get the right one for you:

  • How much are you covered for? Different credit cards have varying cover limits for your valuables. Some cards, for instance, will only compensate you for all items lost up to a certain limit, which could be $10,000 or more, with that amount being split among different items i.e. $250 for mobile phones, $500 for money and documents, $2000 for laptop computers etc.
  • What type of card is it? Some cards will offer you a high cover limit so you are compensated if you lose or damage something while on your trip, some credit cards will offer you a broader cover, allowing you to file a claim for more than one mobile phone or laptop computer, while others will limit the value of each item that can be covered.
  • Under what circumstances are you covered? Most credit cards will have terms and conditions as to when you are covered and what you need to do for a successful claim. For instance, some cards will not compensate you for stolen items if you do not present the original receipt, or if you do not file a police report within a day or two of the theft. Other credit cards will not cover items damaged in transit or items lost in an airport or hotel room. make sure you read through the fine print so you know when you will and won’t be covered.
  • Is there an annual fee? Like all credit cards with reward programs and other perks, credit cards with baggage, money and documentation cover may also come with annual fees. Be sure to find out the charges on a card before you apply for it, and ensure that the insurance cover on the card will be worth the fees that you will be charged. Choosing a card with relatively lower fees will save you money.

Pros and cons

Pros

  • Peace of mind when travelling. If you are unfortunate enough to lose or damage important baggage or documents while overseas, it helps to know that the insurance cover will reimburse you all items.
  • Cash cover. With these types of cards, you can rest assured that you are covered against loss of cheques, cash and holiday vouchers, ensuring that you will not remain stranded should you lose your money.

Cons

  • Terms and conditions.These cards may have restrictive terms and conditions in their fine print i.e. no cover for items lost in airports or in an unmanned vehicle, strict eligibility requirements, etc.

Things to avoid

If you do need to make a claim, you should avoid waiting to long to do so, because most insurance companies will have restrictions on the this.

You should also avoid being careless with your property, as this could also be a reason for you to lose out on the perks of credit cards with baggage, money and documentation cover. This is because some card providers will not reimburse you for items left in public or in an unmanned car.

Items lost in airports and hotel rooms may also not be covered, which is why card holders are required to take all reasonable precautions to ensure their baggage, documents and money are kept safely.


Frequently asked questions

What’s covered on such cards?

Most such cards will cover your money, valuable such as laptop computers or mobile phones and documents such as passports, travel vouchers, driver’s license and credit cards.

How much will I get compensated for a lost or damaged item?

Reimbursements for all such items are calculated by your insurer using their current market price minus any wear and tear.

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Credit Cards Comparison

Rates last updated September 26th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.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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