Price Protection: If your purchase goes on sale at the same retailer (even if it’s a different location) within 2 years, we’ll pay the price difference to your account
http://www.gemoney.com.au/en/insurance/credit-card-insurance…
2 years is such a long time that many things will definitely undergo a price reduction. I wonder whether GE Money (the issuer of Coles Platinum Mastercard) excludes gadgets like laptops, computers, LCD TVs, Cameras.
I think they're pretty safe with that offer. Most tech items will be updated or replaced (by the manufacturer) every 6 months or so, and the same model number might never be sold again. Only takes a minor model number change for them to disclaim it being the same item. How many items are there that you bought 2 years ago that are still exactly the same and on sale now?
doesn't the coles plat card come with some form of free insurance still? i know the gold card used too have free purchase and lost protection but not sure since the upgrade?
I guess you need to read the pds to see if it covers technology items like laptops as they deprecate fast and two years is a long time. ref "It costs just 1% of your monthly closing balance – capped at $50 per month. So even if you spend a bit more you’ll be certain it won’t cost you more than $50 a month." i wonder what if you pay your full balance before the statement is generated would you still be covered if you need to make a claim later on? if so it would be great as the premium you pay is $0 but you would need to remember when your billing cycle is and pay it off in full before that date every time.