Commonwealth Bank Gold And Platinum Credit Card Complimentary Insurance Cover

Best CBA Card

The CBA Gold Card offers exclusive rewards and travel benefits as well as a fantastic rewards program. Earn 2 award points for every $1 you spend on everyday purchases and redeem them for your choice of gift cards, merchandise and more. With the convenience of 29 million MasterCard locations worldwide you can make sure every purchase counts.

• $144 ($114 for qualifying customers) annual fee
• 20.74% p.a. on purchases
• 5.99% p.a. for 5 months on balance transfers
• Cash Advance Rate of 21.74% p.a.
• 55 days interest free
• Complimentary international travel insurance for return trips of up to 3 months

Read the Commonwealth Bank Gold Awards Credit Card terms and conditions.

As is normal with the more prestigious gold and platinum credit cards, Commonwealth Bank’s gold and platinum credit cards offer extra perks, and one of these is complimentary insurance.

This benefit on its own can easily cover the higher annual fee the customer might be paying for the card, and it means that the customer does not have to go to the bother of taking out these extra insurances, which involves shopping around for the best deal and filling in the paperwork.

The insurance cover for both gold and platinum credit cards:

• International Travel Insurance
• Purchase Security Insurance
• Extended Warranty Insurance

(With International Travel Insurance, the cover period is trips up to 3 months for gold credit cards, and trips up to 12 months for platinum credit cards, provided these are return journeys to Australia.)

The insurance cover for platinum credit cards only:

• Interstate Flight Inconvenience Insurance
• Transit Accident Insurance (international travel only)
• Guaranteed Pricing Scheme

Summary of complimentary insurance for international travel

• Medical and hospital expenses incurred overseas
• Loss of or damage to personal items
• Unexpected cancellation of travel arrangements and other unexpected expenses
• Resumption of journey
• Alternative transport to a special event due to unexpected delays
• Rental vehicle insurance excess cover
• Travel delays
• Funeral expenses
• Accidental death
• Legal liability
• Loss of income

(Conditions may apply to any of the above)

Complimentary insurance for international travel is valid for gold and platinum cardholders, their spouses, and dependent children provided that, before leaving Australia, at least $950 of each travelling person’s prepaid travel costs, or 90% of each travelling person’s overseas travel ticket, is paid for by one or a combination of the following:

• The cardholder’s eligible credit card account
• The redemption of the cardholder’s Commonwealth Awards points through the Commonwealth Awards Travel Service, excluding Qantas Frequent Flyer or Velocity points redemption.

Purchase security insurance

Both gold and platinum credit cardholders benefit from cover against most lost, damaged or stolen items that are bought with the relevant gold or platinum credit card within ninety days of purchase. This is a great benefit that means, for example, that Christmas shopping can be done early safe in the knowledge that goods will be protected well into the new year.

Extended warranty insurance

Both gold and platinum credit cardholders benefit from an extended warranty of up to a year beyond the manufacturer’s standard warranty when items are bought with the relevant gold or platinum credit card. Not having to extend the warrant yourself can easily save the customer the price of the credit card’s annual fee.

As with any type of insurance, it is advisable to read the fine print to verify any exclusions that may apply. Complimentary insurance is not worth anything if the eventuality you claim for is not covered by the policy.

Check out today's featured offers:

Westpac Low Rate	Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum
0% p.a. for 6 months on purchases & balance transfers	2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers

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	Westpac Low Rate Card - 0% Offer	A credit card with a low rate offer on both balance transfers and purchases, plus a low annual fee.	0% for 6 months (reverts to 13.49% )	0% for 6 months	$45	21.49%
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