Want to get a gold card without annual fee, that cover travel insurance and extra 12 months warranty.
Is the Bankwest Zero Platinum good? Does it has a reward program?(Platinum has extra features better than Gold!)
Anyone has that?
http://www.bankwest.com.au/NoAnnualFeeCreditCard1/
Fish
no rewards program but you get free travel insurance
All gold/platinum credit cards have the free travel insurance perk, but they all have an annual fee or catch usually. Like my current one from commbank has a minimum 10K spend a year or else you'll be paying $$ in annual fee. I might switch to this one because I doubt I've spent remotely close this year.
Hmm whats the name of that package? I have a card with them as part of the "wealth" (yeah what a joke) package but am thinking of dumping that package so like the idea of free card if I spend 10K a year (I have a wife so no problem there :-)
I have this card: http://www.commbank.com.au/personal/credit-cards/low-fee-gol…
But if I were you I would consider the cards the OP has posted - similar benefits but no annual fee without having to spend an extortionate amount!
I have this card, no rewards, just "free" insurance.
Read the PDS though, I haven't had to lodge a claim but I remember the excess on some covers are higher than other gold/platinum cards.
I similarly have the card. There are no rewards (ie frequent flier points), but the 12 months warranty and insurance is a good perk given it's Interest Free and no annual fee.
I have one of these.
With the platinum card you actually get double the warranty up to 5 years, although I've never made a claim. All the other perks are worth it considering there is no fee.
Just curious - what is the catch with the platinum vs the gold? If they're all free, wouldn't everyone just get a platinum one since it offers more benefits?
Good point, your eligibility for each card depends on your income.
I'd like to know if anyone has ever made a claim. I've read the PDS for the Bankwest platinum card, but not the gold one. I think the excess for warranty claims is $100 or something similar, but I could not verify the claims process.
Platinum also has a concierge service that books tickets and finds accommodation and flights for you (you pay cost of tix) and also will refer you to a doctor if you are overseas.
Still, I would like to know about free travel insurance, and if it's any different to normal self-bought travel insurance.
I can't verify what happens with Bankwest, but I think all the gold/platinum cards offered by the banks are similar. However, I have made a travel insurance claim with Commbank on a gold card but this was on a non emergency scenario. Basically you have to buy the plane tickets with your credit card (or pay for the majority of it with your credit card but these conditions might vary card to card) and you are automatically insured. You don't have to do anything unless you want to make a claim, and if you want to do that, you'll have to gather the receipts to prove that you are eligible (ie receipts for tickets and credit card bill) and also receipts for whatever it is you are claiming for and the paperwork associated with the claim. The commbank gold credit card was through Zurich last year so you didn't even deal with the bank to make the claim.
I hope this helps.
I believe the travel insurance is also covered in PDS, but the short story is the conditions are the same as Yada mentioned, you have to buy the plane tickets with the card, or if there are no plane tickets a majority of the accom costs.
Thanks guys. Very helpful. Was there an excess you had to pay? Did you just decide to not get normal travel insurance when you went?
The excess varied on the claim made. I think for emergencies there is no excess but for stuff that is your fault, eg accidental damage to your property, there is an excess. I remember that was $200-250. You don't actually pay this - they just deduct it from the value of your claim.
I did a lot of travelling last year, so I decided to get a gold card (which was free for the first year). I rarely ever have made a claim in all the times I have bought travel insurance previously so it was low risk using the travel insurance that came with the credit card and it is cheaper, even with the credit card surcharge that some travel agencies pass onto you.
Note: they also depreciate the value of any items you try to claim back, like 10% a year or something. I was lucky because I made a claim on something I'd bought that year so I got the full value of what I lost back (minus the excess).
As far as I know, this one doesn't have a rewards program. However, every now and then they have a prize draw just by using the card (like holidays etc). It is definitely a good card considering it doesn't have any annual fee. And I like Bankwest for their cool branches! :)