What benefits do credit cards offer shoppers and travellers beyond reward points?

woman in polka dot dress holding credit card and shopping bags thinking about credit benefits

Everyone knows that you can get a credit card that will earn you frequent flyer miles or reward points, but are there other benefits?

The answer is: Yes! Many premium and reward credit cards offer a variety of shopping and travel insurances to their cardholders.

Shopping Insurances

Extended Warranty

When you’re buying a big-ticket item, you want to feel secure. Often, big purchases, such as a new computer or a new fridge come with a manufacturer's warranty, but did you know that some credit cards also provide extended warranty protection?

Purchases made on some rewards and platinum cards that offer extended warranties are protected for a longer period of time.

Purchase Protection

Have you smashed your iPhone screen right after upgrading to the newest model? Purchase protection might have you covered.

If an item you purchased on your credit card was lost, stolen, or damaged accidentally, it might be covered under your card’s purchase protection insurance. Each card comes with its specific terms and conditions, so be sure to double-check your card’s purchase protection policy.

Check out some top credit cards that offer extended warranties and purchase protection:

HSBC Platinum Credit Card
  • $29 annual fee in the first year ($129 after)
  • 36 month 0% balance transfer offer
  • HSBC home&away privilege program

The HSBC Platinum offers good point-earning capacity, with one point for every dollar spent on eligible purchases (other than overseas purchases, where different rewards apply). Points are capped at 10,000 points per statement period and expire after three years. Cardholders have access to the exclusive HSBC home&away privilege program, as well as a concierge service, travel insurance, extended warranty and purchase protection. Keep in mind, the HSBC Platinum Card’s $29 annual fee reverts to $129 after one year. Additionally, it carries a 19.99% p.a. purchase rate.

David Jones American Express Platinum Card
  • 0% on purchases for 6 months (excluding DJ Plans)
  • 70,000 Membership Reward Points (conditions apply)
  • 90 days purchase protection

The David Jones American Express Platinum Card acts and works much like a regular rewards card but offers unique rewards specifically for David Jones shoppers. You can earn 4 Membership Rewards Points per $1 spent at David Jones, as well as 3 points per $1 spent at major supermarkets and petrol stations and 1 point per $1 spent everywhere else. The card also offers travel insurance (you must purchase your trip on the card), an extended warranty, an extra 90 days of purchase protection and online fraud protection. The DJ American Express Platinum Card carries a $295 annual fee and a 20.74% p.a. purchase rate.

Price Protection

Have you ever bought something and then found it for a better price somewhere else? If you purchased that item on your credit card, you might be able to have the price difference refunded.

Price protection insurance guarantees the cardholder gets the best price if they alert the credit card company to a better price for a purchased good. There are usually conditions to this cover, such as a time limit or a required minimum price difference, so make sure to review your card’s policy.

Check out some top credit cards that offer price protection:

Bank of Melbourne Amplify Rewards Platinum
  • Low $99 annual fee
  • 0% balance transfer for 15 months (1% BT fee)
  • 1 point for every $1

The Bank of Melbourne Amplify Rewards Platinum offers cashback, retail, gift card, and flight reward options claimed via the Amplify rewards program, where every $1 spent on eligible purchases is a point earned, uncapped and with no expiry. The card also comes with 3 months of complimentary overseas travel insurance, price protection and an extra product warranty. Keep in mind that you will face a $99 annual fee and a 19.74% p.a. purchase rate.

Travel Insurances

International travel insurance

When travelling overseas is available to Australians again, it will be reassuring to know that you are covered in the case of an emergency. Did you know that, when travel is permitted, your credit card could provide you with international travel insurance?

The international cover is often only available on premium cards. Be aware that overseas travel insurance must be activated through your credit provider - usually by prepaying a certain amount of your travel on the credit card.  This may vary between providers, so remember to check the terms and conditions in your card’s policy.

Interstate Flight Insurance

It can be a real pain when your interstate flight is cancelled, or your luggage is lost. But did you know that your premium credit card could protect you from losses associated with domestic travel?

Some credit cards provide coverage for things like flight delays and cancellations, luggage loss or delay, vehicle rental and emergency medical or funeral expenses within Australia.

Transport Accident Insurance

If you travel on a licensed plane, bus, train or ferry, this complimentary credit card insurance could cover you for serious injury if there’s an accident.

Check out some top credit cards that offer travel, interstate and transport insurance:

NAB Qantas Rewards Premium Card
  • 1 point per $1.50 spent, up to $3,000 spend per month
  • 0% p.a. balance transfer offer for 6 months (then 21.74% p.a.)
  • Access to NAB's 24/7 Platinum concierge service

The NAB Qantas Rewards Premium Card allows you to earn approximately 0.66 points per $1 for the first $3,000 spent on everyday purchases per statement period, then 1 point per $3 on the next $3,000 you spend in the month. Cardholders gain Concierge access, extended warranty, purchase protection, international travel insurance, transit accident insurance, interstate flight inconvenience insurance and rental vehicle excess in Australia insurance. The card has a 19.99% p.a. purchase interest rate and a $250 annual fee.

NAB Rewards Platinum Card
  • 0% p.a. balance transfer rate for first 6 months (then 21.74% p.a.)
  • 60,000 bonus points when you spend $1,000 on purchases in the first 60 days
  • Points are uncapped and don’t expire

The NAB Rewards Platinum card delivers 60,000 bonus points when you spend $1,000 on everyday purchases in the first 60 days of having the card. You’ll earn 1 point for every $1 on regular spending. Cardholders gain Concierge access, extended warranty, purchase protection, international travel insurance, transit accident insurance, interstate flight inconvenience insurance and rental vehicle excess in Australia insurance. The card has a 19.99% p.a. purchase interest rate and a $250 annual fee.

Terms and Conditions apply to the products stated above, so please check the relevant policies and information provided on the provider's website.

If you’re in the market for a new credit card, low interest rate cards are worth checking out - here’s some of the latest deals below or head to our credit card comparison page for even more options.

Compare low interest credit cards - last updated 18 September 2021

Search promoted credit cards below or do a full Mozo database search. Advertiser disclosure
  • Apply By 31 Oct 2021
    Bendigo Bank Low Rate Credit Card

    0% p.a. on purchases for up to 12 months (Reverts to 11.99% p.a). Also 0% balance transfer for up to 12 months. Low annual fee of $45 and no fees for additional cardholders.

    Purchase rate
    Balance transfer rate
    Annual fee
    0% p.a. for 12 months then 11.99% p.a.
    0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
    $45
    Details
  • Great Southern Bank Low Rate Credit Card

    0% balance transfer rate for 20 months and up to 55 interest free days. No annual fee for the first year and $49 after. Mozo Experts Choice Balance Transfer Platinum Credit Card Winner 2020^

    Purchase rate
    Balance transfer rate
    Annual fee
    11.99% p.a.
    0% p.a. for 25 months and then 21.74% p.a.
    $49 $0 in the first year
    Details
  • NAB StraightUp Card

    Pay no interest and no late payment fees, just a $10 monthly fee for a $1,000 credit limit. Plus, if you don't make any purchases and have an outstanding balance of $0 during the whole statement period, the monthly fee will be reversed. Also pay no foreign currency fees when you shop online or overseas. Mozo Experts Choice Credit Card Innovation Winner 2020^.

    Purchase rate
    Balance transfer rate
    Annual fee
    0% p.a.
    No current offer
    $120 $10/month - waived if no spend & no balance owing
    Details
  • St.George No Annual Fee

    0% p.a. for 12 months on APR requested at card application. The special promotional purchase rate applies from card approval, after the promotional period, the rate will switch to the variable purchase rate. New cards only, Eligibility criteria and T&Cs apply. Offer ends November 30th 2021.

    Purchase rate
    Balance transfer rate
    Annual fee
    0% p.a. for 12 months then 20.74% p.a.
    2.99% p.a. for 15 months and then 21.49% p.a.
    $0
    Details
  • NAB Low Rate Card

    0% p.a. interest on balance transfers for the first 32 months, plus a low ongoing purchase rate after that means you can spend with confidence. There's also up to 55 interest free days on purchases to help you manage your budget better.

    Purchase rate
    Balance transfer rate
    Annual fee
    12.99% p.a.
    0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
    $59 $0 in the first year
    Details
  • Mozo Expert Choice Badge
    American Express Low Rate Credit Card

    Competitive low rate with $0 Annual Fee. Get $100 back when you apply online by 27 October 2021, are approved and spend $1,000 on your new Card by 31 December 2021. T&Cs apply. New Card Members only. Customers need an annual income of $50,000 or more.

    Purchase rate
    Balance transfer rate
    Annual fee
    8.99% p.a.
    No current offer
    $0
    Details
  • Apply By 30 Nov 2021
    St.George Vertigo - Cashback Offer

    $300 cashback when you take out a new Vertigo Credit Card and spend $4k on eligible purchases within 120 days of the new card approval. No annual fee for the first year, $55 thereafter. New cards only, Eligibility criteria and T&Cs apply. Offer ends November 30th 2021.

    Purchase rate
    Balance transfer rate
    Annual fee
    13.99% p.a.
    2.99% p.a. for 15 months and then 21.49% p.a.
    $55 $0 in the first year
    Details
  • Apply By 30 Nov 2021
    Bank of Melbourne Vertigo

    0% p.a. for 30 months on balance transfers requested at card application. 0% balance transfer fee applies. Rate then switches to applicable variable cash advance rate. No annual fee for the first year, $55 thereafter. New cards only, Eligibility criteria and T&Cs apply. Offer ends November 30th 2021.

    Purchase rate
    Balance transfer rate
    Annual fee
    13.99% p.a.
    0% p.a. for 30 months and then 21.49% p.a.
    $55 $0 in the first year
    Details
  • Apply By 30 Nov 2021
    BankSA Vertigo - Cashback Offer

    $300 cashback when you take out a new Vertigo Credit Card and spend $4k on eligible purchases within 120 days of the new card approval. No annual fee for the first year, $55 thereafter. New cards only, Eligibility criteria and T&Cs apply. Offer ends November 30th 2021.

    Purchase rate
    Balance transfer rate
    Annual fee
    13.99% p.a.
    2.99% p.a. for 15 months and then 21.49% p.a.
    $55 $0 in the first year
    Details
  • Apply By 30 Nov 2021
    Bank of Melbourne Vertigo - Cashback Offer

    $300 cashback when you take out a new Vertigo Credit Card and spend $4k on eligible purchases within 120 days of the new card approval. No annual fee for the first year, $55 thereafter. New cards only, Eligibility criteria and T&Cs apply. Offer ends November 30th 2021.

    Purchase rate
    Balance transfer rate
    Annual fee
    13.99% p.a.
    2.99% p.a. for 15 months and then 21.49% p.a.
    $55 $0 in the first year
    Details
  • Apply By 30 Nov 2021
    St.George Vertigo

    0% p.a. for 30 months on balance transfers requested at card application. 0% balance transfer fee applies. Rate then switches to applicable variable cash advance rate. No annual fee for the first year, $55 thereafter. New cards only, Eligibility criteria and T&Cs apply. Offer ends November 30th 2021.

    Purchase rate
    Balance transfer rate
    Annual fee
    13.99% p.a.
    0% p.a. for 30 months and then 21.49% p.a.
    $55 $0 in the first year
    Details
  • Apply By 20 Oct 2021
    David Jones American Express Platinum Card

    Earn 70,000 Membership Reward Points or 35,000 Qantas Points when you apply online by 20 October 2021, are approved and spend $1,500 at locations excluding David Jones on your new Card within the first three months. Available to new David Jones American Express Platinum Card Members only.

    Purchase rate
    Balance transfer rate
    Annual fee
    0% p.a. for 6 months then 20.74% p.a.
    No current offer
    $295
    Details

^See information about the Mozo Experts Choice Credit Card Awards

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