Complimentary Insurance For Commonwealth Gold And Platinum Credit Card
Learn how you can benefit from complimentary insurance on Commonwealth Bank’s gold and platinum credit cards.
Complimentary insurance is a feature that gold and platinum level credit cardholders enjoy as standard. This is a breakdown what you can expect from both of these more prestigious credit cards.
Travel insurance:
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, or; the redemption of the cardholder’s Commonwealth Awards points through the Commonwealth Awards Travel Service, excluding Qantas Frequent Flyer or Velocity points redemption.
Complimentary travel insurance for gold and platinum credit cards:
- International Travel Insurance (trips up to 3 months for gold credit cards, and trips up to 12 months for platinum credit cards; all trips returning to Australia)
Complimentary travel insurance extras for platinum credit cards:
- Interstate Flight Inconvenience Insurance – This complimentary insurance covers trip cancellation, flight delays, and lost or damaged luggage for trips up to 14 days when the entire cost of a return interstate flight is paid for with a Commonwealth platinum credit card. Under certain circumstances, the cardholder’s spouse and/or dependent children may also be covered.
- Transit Accident Insurance – Transit accident insurance covers against accidental death and injury whilst travelling internationally. It includes being a passenger in a plane, getting on and off one, travelling in a tourist bus, on a train, and on a ferry. The entire cost of the journey must be charged to the eligible credit card. Under certain circumstances, the cardholder’s spouse and/or dependent children may also be covered.
- Guaranteed Pricing Scheme – This complimentary insurance means that if you make a purchase and then find the same product advertised for a cheaper price, you can claim back the difference up to $500 if you act within 21 days of your purchase.
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 up to $2,500,000
- Loss of income
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.
Purchase security insurance
Both gold and platinum credit cardholders benefit from complimentary insurance on most lost, damaged or stolen items that are bought with the relevant gold or platinum credit card within ninety days of purchase.
Read the official terms and conditions
| Minimum Income | Minimum Age | 18 years of age | |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | $5,000 | Max Credit Limit |
| Annual Fee | $144 | Balance Transfer Fee | |
| Minimum Repayment | 2% | Interest Charged From | PurchaseDate |
| Late Payment Fee | $20 | Over Limit Fee | $10 |
| Overseas Emergency Replacement | $20 | Overseas ATM Balance check | $1.25 |
| Overseas ATM Withdrawal | $4 | Foreign Currency Conversion Fee |
| Rewards Points per Dollar | AMEX:2 MCARD: 1 Point(s) | Points needed for Syd/Mel Return Flight | 25000 |
| Points needed for $100 Voucher | 8700 |
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