Commonwealth Bank Credit Card Travel Insurance

As one of the Big Four Banks in Australia, the Commonwealth Bank has a wide range of customers to consider and has developed a variety of credit cards with these factors in mind.

One of the biggest benefits of getting a credit card through a bank like the Commonwealth Bank are the premium extras that often come with the card, including travel insurance.

Gold, Platinum and Diamond Commonwealth Bank credit cards all come with complimentary insurance from Zurich Insurance Australia that will cover cardholders, spouses and dependents while travelling overseas.

Depending on what kind of card is used, the insurance benefits will include coverage for the following:

• Medical and hospital bills
• Loss or damage of personal items
• Alternative transport to a special event due to unexpected delays
• Rental vehicle insurance excess cover
• Travel delays
• Accidental death and funeral expenses
• Legal liability
• Loss of income
• Unexpected cancellation of travel arrangements; and
• Other unexpected expenses

Cardholders can qualify for the insurance when they spend at least $950 worth of travel expenses on their credit card before the trip begins, and return tickets must be bought before they leave.

To give you a better idea of what cards will give you what kind of insurance, here is a rundown of Commonwealth Bank cards that currently come with insurance and the duration of the coverage.

Commonwealth Bank Gold Cards

The Commonwealth Bank currently features three different Gold credit cards: the Low Fee, Low Rate and Awards Gold cards, which all come with complimentary travel insurance for trips of up to three months. Cardholders also have access to purchase security and extended warranty insurance options for eligible purchases.

Commonwealth Bank Awards Platinum And Diamond Cards

With a Commonwealth Bank Awards Platinum or Diamond card, you will be covered by international travel insurance for a return trip of up to 12 months. Other insurance extras include interstate flight inconvenience insurance and transit accident insurance.

Complimentary travel insurance is a great way to save money when planning a trip overseas, however, it is important to know what kind of coverage is provided and what the conditions are.

For many people, the options provided through the Commonwealth Bank’s premium credit cards would be enough to enjoy the trip without any hassles.

Others may decide that comparing these conditions to another insurance option will lead them to more peace of mind.

No matter what you are looking for in your overseas travel insurance, at least you know there is a way to get some security just by having the right kind of credit card.