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Bonus $250 Prepaid Digital Mastercard with Comprehensive MVI, PHI Hospital and Extra, Home or Landlord Insurance @ CUA

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Bonus $250 Prepaid Digital Mastercard with Comprehensive MVI, PHI Hospital and Extra, Home or Landlord Insurance @ CUA
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haha on 07/09/2020 - 14:37 cua.com.au (2734 clicks)
Last edited 07/09/2020 - 21:43 by 1 other user

*$250 digital pre-paid Mastercard will be issued for each new Home and/or Contents, Landlord, Comprehensive Motor or Combined Hospitals & Extras Health Insurance policy taken out through CUA between 01/09/2020 and 31/10/2020. ‘The digital prepaid Mastercard is issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131 pursuant to license by Mastercard Asia/Pacific Pte Ltd on behalf of CUA. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. CUA may withdraw or amend this offer at any time without notice. Full terms and conditions, including eligibility criteria, available at https://www.cua.com.au/insurance250-terms. Home and/or Contents, Landlord and Comprehensive Motor insurance is arranged by Credit Union Australia Limited, ABN 44 087 650 959 (CUA) AFSL No. 238317 for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No 234708. CUA does not guarantee or otherwise support this insurance product. CUA do not provide any advice based on any consideration of your objectives, financial situation or needs. Terms, conditions, limits and exclusions apply. Before making a decision please consider the Product Disclosure Statement. If you purchase this insurance, CUA will receive a commission that is a percentage of the premium. Ask us for more details before we provide you with services. Full details of the commission are set out in the relevant Financial Services Guide. Combined Hospitals & Extras Health insurance is provided by CUA Health Ltd ABN 98 098 685 459 (CHL) which is not an authorised deposit-taking institution. While this insurance may be distributed by CUA, CUA is not liable for this product and does not stand behind CHL.

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closed Comments

  • bashar20 on 07/09/2020 - 14:42
    +1

    How long do you have to keep health cover to get gift card?

    • MrCAMEL on 07/09/2020 - 14:56
      +1

      I think it has written 45 days. My policy costs $191, so I guess they are giving me money. I'll take one for me and my wife. Thanks.

  • nightelves on 07/09/2020 - 15:15

    Wait you can literally pay per months as there's nothing in the T&C which states you have to pay in full. Seems too good to be true.

    • spuderump on 07/09/2020 - 15:54

      Haha I have seen a few of these pop up every now and then. Always seem to get the voucher and then I cancel.

      • nightelves on 07/09/2020 - 15:55

        If it’s per months then it’s too good to be true.

        • spuderump on 07/09/2020 - 16:07
          +2

          Did car insurance quote. Jack up Excess to $1850, Put No driver under 25, Agreed Value to lowest possible amount and select monthly payments. $22per month.

          Worse case $44 for a $250 voucher which is received after 45 days of holding the insurance.

          Cancel when voucher is received.

          • nightelves on 07/09/2020 - 16:08

            @spuderump: You’re right never thought about car insurance. Just checked content works out cheaper for me.

          • TomGum on 07/09/2020 - 18:01

            @spuderump: Didn't let me pay fortnightly!

            • WaywardOne on 14/09/2020 - 15:40

              @TomGum: What makes you think you can cancel after a few months? Even if you pay by the month isn't it an annual policy?

          • SanAndreas23 on 29/09/2020 - 18:29

            @spuderump: More like, worst case scenario is you get into an at fault accident then the 250 wont mean jack.

  • leeroys_dad on 07/09/2020 - 15:51

    Subject to meeting these terms and conditions, the digital reward code will be sent to the policy holder via the mobile phone number provided at the time of joining within 14 days after your policy cover has been active for 45 days.

  • bargain4all on 07/09/2020 - 15:53

    is it applicable for extras only cover? Or need to be hospital and extras cover?

    • nightelves on 07/09/2020 - 15:56

      Hospital and Extras.

  • joffaa on 07/09/2020 - 16:15
    +2

    Perfect timing. My current landlord insurance expires on 12/9/20

    Landlord insurance quote via CUA $843 - underwritten by Allianz.

    less $250 Credit card = $593

    Direct quote - Allianz $763 Savings $170

    also I get to claim more on my Tax !! Win win.

    • TomGum on 07/09/2020 - 17:34
      -1

      How do you claim car insurance on tax?

      • cowiie on 07/09/2020 - 18:12
        +1

        He said landlord insurance.

        • TomGum on 07/09/2020 - 18:54

          Oh yeh, missed that.

  • Angelscrap on 07/09/2020 - 16:21

    Anyone has Promotional Code ?

    • spuderump on 07/09/2020 - 16:24

      Doesn't appear to be any, I assume it is activated by clicking the link on the splash page though.

  • No on 07/09/2020 - 16:24
    +1

    Anyone used these guys before? They are over $20 per month cheaper than my current home and contents.

    I took up the cover but it concerns me that they didn't ask for the value of the home or who its financed through like an insurer normally would.

  • [Deactivated] on 07/09/2020 - 17:00
    +1

    This looks too good to be true. I'm going to sign up my whole family for car insurance and cancel after 2 months. Easy $1k. What am I missing?

    • nightelves on 07/09/2020 - 17:02
      +1

      Nothing. That's the thing but best to grab screenshots.

  • bargain4all on 07/09/2020 - 17:16

    Is the gift card per policy or per customer?

    • screensaver on 07/09/2020 - 17:26

      You can have up to 4 policies (1000)

      • kadaj on 09/09/2020 - 12:50

        Where does it say that u can have up to 4 policies eligible for 250 gitcard

        • screensaver on 09/09/2020 - 16:58

          I definitely saw it, I think it was on facebook, on the ad photo text

        • screensaver on 12/09/2020 - 03:04

          Get a $250 reward for each new Comprehensive Motor, Home & Contents,
          Landlord, or combined Hospital & Extras insurance policy – up to $1,000!*

  • Dost on 07/09/2020 - 17:36
    -5

    My suggestion is that this offer should be approached in the spirit in which it is presented.
    Specifically, it's a great incentive to switch insurers or to try Allianz.
    But if too many people sign up with the clear intention of cancelling after 2 months, then it becomes less and less likely that we'll see this sort of offer in the future.
    I'm sure there's some kind of saying about this, like: "Privileges abused, get removed."

    • Angelscrap on 08/09/2020 - 09:24
      +1

      In that case they should have kept it family and friends instead of putting it on the website

  • screensaver on 07/09/2020 - 17:37
    +1

    You have to add your mobile phone number to receive card, I nearly forgot. Just signed up for contents as my old one was set for renewal

  • screensaver on 07/09/2020 - 17:41

    In switching health as well, just received my Bupa 9saver egift card

  • screensaver on 07/09/2020 - 17:56

    You have to have a transaction account with them for health so the next step would be to open that. The policy is also cheaper starting before Oct 1

  • elcheapo on 07/09/2020 - 18:22
    -1

    good to get landlord insurance with rent cover.. pretty much all other insurer stopped offering them in the time of covid

    • imurgod on 08/09/2020 - 10:29

      Rent cover has a limited wording and is defined events cover. Not worth the money. You can get accidental damage cover cheaper and it's a LOT more cover.

      I didn't neg you by the way.

    • blez77 on 30/09/2020 - 09:14

      I called up - rent cover is pretty much non existent during covid so I'm pretty confident you can ignore that part of the offer.

  • silverx on 07/09/2020 - 19:16

    How much are you guys paying for home and content insurance at the moment. Is it just me or the quotes seem to be really crazy now

    • Shoocat on 07/09/2020 - 19:40

      Yeah, they are really high. The only thing I can think of is that they have been adjusted for this year's bushfire season?

  • whapkaplit on 08/09/2020 - 09:36

    Any requirement for the level of health insurance? I see it needs to be hospital and extras combined, but can I just get basic hospital and low extras and qualify for the $250?

  • thydzik on 08/09/2020 - 10:17

    done.
    $25pm car insurance.

  • imurgod on 08/09/2020 - 10:27

    Aside from the voucher and car insurance, for home and landlord you should be looking at an Accidental Damage policy, not these super limited Defined Events policies. They barely provide any cover.

  • screensaver on 08/09/2020 - 12:15

    You have to take phpto ID to the branch to use the bank account and get 4% off health insurance

  • yerdem on 08/09/2020 - 20:14
    +1

    Says comprehensive motor insurance so I'm guessing third party isn't included

  • aval14 on 08/09/2020 - 23:59

    This is a dumb question, I apologise in advance for my ignorance. Is it okay if I get tenants insurance when I just live at home with my family? Are there any repercussions for being dishonest about the application if you don't claim anything? Thanks

    • Shoocat on 09/09/2020 - 18:54
      +1

      Don't do it, that's fraud and could end up costing you much more than $250.

      You could always take out the health insurance if you just want the gift card?

      • aval14 on 09/09/2020 - 19:17

        Well, I called them and they said they don't need a lease agreement for contents insurance. Currently I'm living with the family and am paying them to live in the house. I'm wondering if that makes me a tenant or not. There's nothing really written in their terms and conditions of what a tenant is, or maybe I missed something…

        Health insurance is 75pm and contents is 22pm

    • Ughhh on 30/10/2020 - 00:42

      Are there any repercussions for being dishonest about the application if you don't claim anything? Thanks

      In an event that you may need to make a claim, you're giving them reasons to reject your claim, on a platter. Kinda giving away free money? Also, when applying for new policies, most insurances ask if you have ever been denied insurance..

  • Angelscrap on 09/09/2020 - 08:49

    Im not sure if its a big thing - looks like 'Legal Liability' of 20mil is missing with CUA House and Content

    • Angelscrap on 09/09/2020 - 11:02

      nvm about this comment looks like under what you are covered for is not mention how ever proposed cover has it covered

  • kadaj on 09/09/2020 - 12:50
    +1

    I'm already with Allianz for car insurance, if i cancel my Allianz and get a new policy through CUA will I still be eligible?

  • iamyour on 11/09/2020 - 14:10

    OP, How will I know that I will receive this $250 prepaid digital mastercard? I just join their comprehensive car insurance as well as landlord insurance.

    • screensaver on 11/09/2020 - 16:11

      did you put mobile?

      • iamyour on 14/09/2020 - 10:28

        Yup. There is no confirmation at all regarding this prepaid digital MasterCard.

    • sicinadan on 14/09/2020 - 15:08

      will receive a text on your mobile after 60days of cover (45 days then the GC will be sent out within 2 weeks after 45 days)
      You need to download an app then the GC will be loaded onto the app.

  • bu on 14/09/2020 - 11:43

    Any promo code?

  • screensaver on 14/09/2020 - 12:23

    I checked the t and cs yesterday and there were no changes

  • starburstyellow on 15/09/2020 - 00:08

    Thanks OP. needed to swap anyway, might as well be in running to get $250 * 2 for car and home.

  • OzBrogains on 16/09/2020 - 15:03
    +2

    The PDS says the following

    We may deduct from your refund amount any reasonable administrative and transaction costs incurred by us that are reasonably related to you buying and cancelling your policy and any government taxes or duties we cannot recover.

    Like all insurance policies, it's deliberately grey as to what "administrative and transaction costs" mean - could it include them recouping part of the $250?

    • bob19 on 17/09/2020 - 01:07

      Good question.

      • spuderump on 27/09/2020 - 18:45

        I severely doubt they will charge you to cancel.

        If they do I would threaten the ombudsman and they will waive it.

  • dK69 on 24/09/2020 - 07:49

    So if you take three different policies, one family health, two separate car insurances under different names then the gift card entitled value be $250 times by 3 = $750?

    • Da dpG on 24/09/2020 - 13:10

      yes

  • Ash-Say on 28/09/2020 - 13:43

    For home insurance, can someone confirm whether it could be content only or you must have both building and content?

    • screensaver on 29/09/2020 - 05:03

      I just got contents

  • nightelves on 17/10/2020 - 21:11

    Anyone got the prepaid mastercard yet?

  • bettina44 on 19/10/2020 - 04:42

    does there landlord insurance cover rent defaults?

    also my policy came up as $175 a year. Is there a catch for the $250 giftcard?

  • thydzik on 21/10/2020 - 17:17
    +1

    Ok, so it says with 14 days after meeting the 45 days.

    so the main thing is the cancel the policy after 45 days and then wait another 2 weeks.

    "Subject to meeting these terms and conditions, the digital reward code will be sent to the policy holder via the mobile phone number provided at the time of joining within 14 days after your policy cover has been active for 45 days.'

    • nightelves on 21/10/2020 - 19:44

      Oh ok I missed that part.

  • dosada on 27/10/2020 - 17:13

    Just a heads up, got today the virtual card. Worked perfectly fine

    • cocomelon on 02/11/2020 - 12:22

      where is the email come from?

      • dosada on 02/11/2020 - 17:24
        +1

        It's an SMS, no Email

    • frazel on 09/11/2020 - 19:30

      What was the email address that it came from

  • TomGum on 27/10/2020 - 17:29

    Anyone applied for 2 car insurances and got both gift cards? I am thinking of signing up my second car.

    Also anyone who signed up for contents only, did you get your gift card?

    • nightelves on 27/10/2020 - 17:42

      Yeah I signed up for content only and got the giftcard today. When you did you car insurance was it full comp or third party?

      • TomGum on 28/10/2020 - 12:53

        I did a comp.

  • toobzy on 27/10/2020 - 22:00

    Would also like to know if I can insure both cars with comprehensive under my name and receive 2 gift cards

  • spuderump on 28/10/2020 - 11:21

    got mine yesterday and cancelled my policy today. $210 profit for 10 mins work, thanks OP!

    Edit - Also see the deal is still going, time to take out some contents insurance.

    • nightelves on 28/10/2020 - 12:57

      Was it easy to cancel?

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