Add card insurance

You have the option of adding insurance to your credit card so if anything goes wrong, you know you’re covered.

Getting insurance for your credit card is easy to do and probably more affordable than you think.

Peace of mind with payment protection insurance

CreditCard Plus is an affordable insurance option that gives you peace of mind in the event that the unforeseen should happen.

If you become involuntarily unemployed or you are unable to work due to accident or illness CreditCard Plus Insurance can help you with your repayments by paying over 3 times the minimum payment due on your credit card each month. This is based on the outstanding balance at the time of claim.

In the event of death, terminal illness or permanent disablement, not only can it pay off your outstanding credit card balance in full (up to a maximum of $25,000) but it can ALSO pay you or your estate the same amount as a Cash Assistance Benefit.

Affordable credit card insurance

It costs 55 cents for every $100 of the closing balance on your monthly credit card statement.

So a $1000 statement closing balance would mean the insurance costs just $5.50 for the month.  And there is no premium due for any month the closing balance is zero or in credit.  For more information on benefits, terms and exclusions, please download and read the CreditCard Plus Product Disclosure Statement (PDS) (PDF 336KB) and Financial Services Guide (FSG)

Apply now – it’s easy

You can apply for CreditCard Plus online or you can call 13 2221 or visit your nearest branch.

 

• Important information
  As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. CreditCard Plus is issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035. A PDS for CreditCard Plus is available by clicking here (PDF 86KB) and should be considered before making any decision about CreditCard Plus.