I’ve never had a credit card. I travel overseas twice a year and usually spend approx $200 per trip on travel insurance.
I realise I may be able to save money on travel insurance if I get a credit card that offers free travel insurance. Plus the benefits of earning points.
Can anyone recommend a good credit card with free travel insurance?
TIA!
CBA is changing their spending limits ($2000/mth) to maintain annual fee waiver - so I'm looking for an alternative now. No way can I spend $2000 per month on the card. Used to be $10k per year which I struggled with.
Thanks, I realise I may have posted in the wrong forum as didn’t realise there is a separate credit card forum.
After spending this morning doing some research I realise an important feature is no international transaction fees.
Please post what you've found
I feel the Bankwest Qantas world Mastercard may be a good choice as it offers travel insurance, points on purchases, and $0 international transaction fees for only $160 per year.
https://www.pointhacks.com.au/credit-cards/bankwest-qantas-w…
Keen to hear about any other cards with all those features.
It’s not just the international fees it’s the currency conversion. Sometimes you’re better off with a small fee if the conversion is better.
Looks like $270 not $160 for the BW World MC. Also note the $12k minimum credit limit - so would want to be earning an OK amount before considering to apply (plus any impact this has on your ability to borrow for mortgage in the future - it could reduce your borrowing capacity by $50k or more)
Tiny bit left of field but I've chosen to get a debit card that includes travel insurance and still has no forex fees - for a $10/month fee. Its the NAB Platinum Debit Card. https://www.nab.com.au/personal/accounts/debit-cards/nab-pla…
Best to me is CBA, don't even need to spend money. I have claimed it once without any issue but international only.