Credit Cards with Travel Insurance

Ranked by estimated first-year value after fees. Uses each offer's best redemption, assumes the bonus is earned and the balance is paid in full.

1. The American Express Platinum Card Referral Offer

American Express points

$1,450 annual fee

Referral offerHow referrals work

Offer

225,000 American Express points

Complimentary domestic and international travel insurance for the Card Member, their partner and dependent children when the return trip is paid on the Card. Covers trip cancellation and amendment (up to $30,000), travel inconvenience, medical emergency expenses overseas (section limit unlimited), personal baggage/valuables/money (up to $30,000), personal accident, personal liability (up to $3,000,000) and more. Cover automatically ends at 180 days; maximum age 79 when travel is purchased; pre-existing medical conditions excluded.

Spend $5,000 in 90 days (~$1,667/mo)

Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. $450 cashback offsets the $1450 fee.

Estimated value after fees $1,408

Velocity flights

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2. Qantas Premier Titanium

Qantas points

$1,200 annual fee

Offer

150,000 Qantas points

Up to $15,000 cover · trips up to 180 days

Complimentary Chubb travel insurance for cardholders and additional cardholders on return trips (up to 180 days overseas / 14 days domestic), with unlimited overseas medical and trip cancellation cover, $250 excess; eligibility requires paying the return airfare/cruise to the card.

Spend $5,000 in 90 days (~$1,667/mo)

Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. High $1200 fee — make sure you'll use the perks.

Estimated value after fees $1,300

Qantas flights

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3. The American Express Velocity Platinum Card

Velocity points

$440 annual fee

Offer

70,000 Velocity points

Complimentary domestic and international travel insurance for the cardholder, partner and dependent children when the return trip is paid for on the Card; covers medical emergency expenses, public transport accident up to $400,000, trip cancellation/amendment up to $12,500, baggage/money/documents up to $10,000, travel inconvenience and COVID-19 cover; sub-limits, terms and exclusions apply

Spend $5,000 in 90 days (~$1,667/mo)

Offer Expires in 2 days (2026-10-13)

Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. $385 cashback offsets the $440 fee.

Estimated value after fees $1,241

Velocity flights

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4. Virgin Australia Velocity High Flyer Card

Velocity points

$349 annual fee

Offer

80,000 Velocity points

Complimentary Domestic and International Travel Insurance for High Flyer cardholders covering unexpected events.

Spend $7,000 in 60 days (~$3,500/mo)

Craig's Take

Tough spend — $117/day for 60 days. Good ongoing earn rate. $129 cashback offsets the $349 fee.

Estimated value after fees $1,229

Velocity flights

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5. The Qantas American Express Ultimate Card

Qantas points

$450 annual fee

Offer

70,000 Qantas points

Complimentary domestic and international travel insurance: Medical Emergency Expenses up to $2,500,000; Trip Cancellation and Amendment up to $12,500; Personal Baggage, Valuables, Money and Documents up to $10,000; Travel Inconvenience up to $200 for flight delays; Personal Accident up to $400,000

Spend $5,000 in 90 days (~$1,667/mo)

Offer Expires in a month (2026-11-17)

Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. $450 cashback covers the $450 fee.

Estimated value after fees $1,220

Qantas flights

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6. The Qantas American Express Ultimate Card Referral Offer

Qantas points

$450 annual fee

Referral offerHow referrals work

Offer

70,000 Qantas points

Complimentary domestic and international travel insurance: Medical Emergency Expenses up to $2,500,000; Trip Cancellation and Amendment up to $12,500; Personal Baggage, Valuables, Money and Documents up to $10,000; Travel Inconvenience up to $200 for flight delays; Personal Accident up to $400,000

Spend $5,000 in 90 days (~$1,667/mo)

Offer Expires in a month (2026-11-17)

Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. $450 cashback covers the $450 fee.

Estimated value after fees $1,220

Qantas flights

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7. Westpac Altitude Velocity Black (Existing customers)

Velocity points

$295 annual fee

Existing customers onlyCan I become an existing customer?

Offer

90,000 Velocity points

Complimentary International Travel Insurance for up to 6 consecutive months (Level 1 Card) when at least $500 of prepaid travel costs is charged to the card account and a return overseas ticket is held before departure; cover includes unlimited overseas emergency medical and evacuation; eligibility letter available at checkyourcover.com.au/westpac

Spend $6,000 in 90 days (~$2,000/mo)

$200 first year annual fee, $295 thereafter

Craig's Take

Moderate spend — $67/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $1,216

Velocity flights

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8. Westpac Altitude Qantas Black (Reduced first year annual fee for Westpac Customers)

Qantas points

$295 annual fee

Existing customers onlyCan I become an existing customer?

Offer

90,000 Qantas points

Complimentary International Travel Insurance for trips up to 6 months for Level 1 Card holders when at least $500 of prepaid travel costs are charged to the card and a return overseas ticket is held; most sections (overseas emergency medical, evacuation, cancellation) are unlimited. Also includes Interstate Flight Inconvenience Insurance for domestic flights paid to the card

Spend $6,000 in 90 days (~$2,000/mo)

$200 first year annual fee, $295 thereafter

Offer Expires in 17 days (2026-10-28)

Craig's Take

Moderate spend — $67/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $1,123

Qantas flights

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9. Westpac Altitude Velocity Black

Velocity points

$295 annual fee

Offer

90,000 Velocity points

Complimentary International Travel Insurance for up to 6 consecutive months (Level 1 Card) when at least $500 of prepaid travel costs is charged to the card account and a return overseas ticket is held before departure; cover includes unlimited overseas emergency medical and evacuation; eligibility letter available at checkyourcover.com.au/westpac

Spend $6,000 in 90 days (~$2,000/mo)

Craig's Take

Moderate spend — $67/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $1,121

Velocity flights

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10.

10. Westpac Altitude Qantas Black

Qantas points

$295 annual fee

Offer

90,000 Qantas points

Complimentary International Travel Insurance for trips up to 6 months for Level 1 Card holders when at least $500 of prepaid travel costs are charged to the card and a return overseas ticket is held; most sections (overseas emergency medical, evacuation, cancellation) are unlimited. Also includes Interstate Flight Inconvenience Insurance for domestic flights paid to the card

Spend $6,000 in 90 days (~$2,000/mo)

Offer Expires in 17 days (2026-10-28)

Craig's Take

Moderate spend — $67/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $1,028

Qantas flights

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11.

11. Qantas Premier Platinum (No Qantas Points Credit Card for previous 24 months)

Qantas points

$399 annual fee

No Qantas credit card in past 24 monthsCheck my eligibility

Offer

80,000 Qantas points

Complimentary travel insurance issued by Chubb Insurance Australia Limited covering travel-related risks as per the Qantas Premier Credit Card Complimentary Travel Insurance Terms and Conditions

Spend $5,000 in 90 days (~$1,667/mo)

$349 first year annual fee, $399 thereafter

Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate.

Estimated value after fees $1,011

Qantas flights

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12.

12. Westpac Altitude Velocity Platinum (Reduced first year annual fee for Westpac Customers)

Velocity points

$175 annual fee

Offer

70,000 Velocity points

Complimentary international travel insurance for trips up to 3 consecutive months (Level 2 Card) when you charge at least $500 of prepaid travel costs to the card and hold a return overseas ticket; key sections (overseas emergency medical, evacuation, cancellation) are unlimited with no single capped sum

Spend $4,000 in 90 days (~$1,333/mo)

$99 first year annual fee, $175 thereafter

Craig's Take

Easy $44/day spend to hit the bonus. Poor ongoing earn rate.

Estimated value after fees $988

Velocity flights

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13.

13. Westpac Altitude Velocity Platinum

Velocity points

$175 annual fee

Offer

70,000 Velocity points

Complimentary international travel insurance for trips up to 3 consecutive months (Level 2 Card) when you charge at least $500 of prepaid travel costs to the card and hold a return overseas ticket; key sections (overseas emergency medical, evacuation, cancellation) are unlimited with no single capped sum

Spend $4,000 in 90 days (~$1,333/mo)

Craig's Take

Easy $44/day spend to hit the bonus. Poor ongoing earn rate.

Estimated value after fees $912

Velocity flights

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14.

14. MyCard Premier

MyCard points

$300 annual fee

Offer

120,000 MyCard points

Up to $20,000,000 cover · trips up to 180 days

Complimentary international travel insurance for trips up to 6 months when at least $500 of prepaid travel costs are charged to the card (cardholders aged under 81), with overseas emergency medical and assistance cover up to $20 million; complimentary domestic travel insurance also available for trips up to 28 days

Spend $7,000 in 90 days (~$2,333/mo)

Craig's Take

Moderate spend — $78/day for 90 days. Good ongoing earn rate. $72 cashback offsets the $300 fee.

Estimated value after fees $881

Velocity flights

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15.

15. MyCard Premier Velocity

Velocity points

$300 annual fee

Offer

60,000 Velocity points

Up to $20,000,000 cover · trips up to 180 days

Complimentary international travel insurance for trips up to 6 months when at least $500 of prepaid travel costs are charged to the card (cardholders aged under 81), with overseas emergency medical and assistance cover up to $20 million; complimentary domestic travel insurance also available for trips up to 28 days

Spend $7,000 in 90 days (~$2,333/mo)

Craig's Take

Moderate spend — $78/day for 90 days. Average ongoing earn rate. $72 cashback offsets the $300 fee.

Estimated value after fees $852

Velocity flights

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16.

16. Westpac Altitude Qantas Platinum

Qantas points

$175 annual fee

Offer

70,000 Qantas points

Complimentary International Travel Insurance for trips up to 3 consecutive months (Level 2 Card); eligible after charging at least $500 prepaid travel costs to the card and holding a return overseas ticket; also includes Interstate Flight Inconvenience and Rental Vehicle Excess in Australia cover; eligibility confirmation at checkyourcover.com.au/westpac

Spend $4,000 in 90 days (~$1,333/mo)

Craig's Take

Easy $44/day spend to hit the bonus. Poor ongoing earn rate.

Estimated value after fees $841

Qantas flights

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17.

17. CommBank Ultimate Awards Credit Card (with $4000 per month spend)

Commbank points

$420 annual fee

Offer

50,000 Commbank points

Complimentary international travel insurance (Overseas Travel Policy, issued by Zurich, administered by Cover-More) for the cardholder and accompanying family on return trips from Australia of up to 12 months per journey; requires spending at least $500 in a single transaction on prepaid travel costs (or redeeming $500 of Awards points/Travel Booking credits) on the card and activating cover before travel; includes unlimited overseas emergency medical and hospital expenses

Spend $9,000 in 90 days (~$3,000/mo)

Craig's Take

Moderate spend — $100/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $675

Coles gift cards

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18.

18. ANZ Rewards Platinum

ANZ points

$149 annual fee

Offer

85,000 ANZ points

Up to $20,000,000 cover · trips up to 90 days

Complimentary international travel insurance for ANZ Platinum cardholders for trips up to 3 consecutive months when at least $250 of prepaid travel is charged to the card and a return overseas ticket is held; up to $20 million overseas emergency medical and assistance. Domestic travel insurance also available for up to 28 days per journey.

Spend $3,500 in 90 days (~$1,167/mo)

Craig's Take

Easy $39/day spend to hit the bonus. Good ongoing earn rate. $50 cashback offsets the $149 fee.

Estimated value after fees $668

Velocity flights

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19.

19. NAB Qantas Rewards Signature Card existing customer offer

Qantas points

$449 annual fee

Existing customers onlyCan I become an existing customer?

Offer

50,000 Qantas points

Complimentary international and domestic travel insurance covering domestic, interstate and international travel

Spend $5,000 in 90 days (~$1,667/mo)

Craig's Take

Moderate spend — $56/day for 90 days. Good ongoing earn rate. $200 cashback offsets the $449 fee.

Estimated value after fees $611

Qantas flights

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20.

20. NAB Rewards Platinum Card

NAB points

$195 annual fee

Offer

80,000 NAB points

Includes international travel insurance, domestic travel insurance, and rental vehicle excess insurance in Australia as complimentary insurances.

Spend $3,000 in 90 days (~$1,000/mo)

Craig's Take

Easy $33/day spend to hit the bonus. Average ongoing earn rate.

Estimated value after fees $517

Velocity flights

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21.

21. NAB Rewards Platinum Card with Velocity

Velocity points

$195 annual fee

Offer

40,000 Velocity points

Complimentary international travel insurance included with NAB Rewards Platinum and Signature Cards.

Spend $4,000 in 90 days (~$1,333/mo)

Craig's Take

Easy $44/day spend to hit the bonus. Poor ongoing earn rate.

Estimated value after fees $514

Velocity flights

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22.

22. ANZ Frequent Flyer Black

Qantas points

$425 annual fee

Offer

50,000 Qantas points

Up to $20,000,000 cover · trips up to 180 days

Complimentary international travel insurance for ANZ Black cardholders, their spouse and dependants for journeys up to 6 consecutive months, when at least $250 of prepaid travel costs is charged to the card and a return overseas travel ticket is held; includes $20 million overseas emergency medical and assistance. Domestic travel insurance also available.

Spend $6,000 in 90 days (~$2,000/mo)

Craig's Take

Moderate spend — $67/day for 90 days. Excellent ongoing earn rate. High $425 fee — make sure you'll use the perks.

Estimated value after fees $471

Qantas flights

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23.

23. NAB Qantas Rewards Signature Card

Qantas points

$449 annual fee

Offer

40,000 Qantas points

Complimentary international and domestic travel insurance covering domestic, interstate and international travel

Spend $5,000 in 90 days (~$1,667/mo)

Craig's Take

Moderate spend — $56/day for 90 days. Good ongoing earn rate. $200 cashback offsets the $449 fee.

Estimated value after fees $451

Qantas flights

Read my analysis

24.

24. MyCard Premier Qantas

Qantas points

$350 annual fee

Offer

40,000 Qantas points

Up to $20,000,000 cover · trips up to 180 days

Complimentary international travel insurance for trips up to 6 months (up to $20 million overseas emergency medical/assistance) plus domestic travel insurance for trips up to 28 days, when minimum prepaid travel costs are charged to the card account.

Spend $7,000 in 90 days (~$2,333/mo)

Craig's Take

Moderate spend — $78/day for 90 days. Average ongoing earn rate.

Estimated value after fees $346

Qantas flights

Read my analysis

25.

25. NAB Qantas Rewards Premium Card

Qantas points

$295 annual fee

Offer

25,000 Qantas points

Complimentary international and domestic travel insurance underwritten by Allianz; subject to the NAB Card Insurance Policy Information Booklet

Spend $4,000 in 90 days (~$1,333/mo)

Craig's Take

Easy $44/day spend to hit the bonus. Average ongoing earn rate. $150 cashback offsets the $295 fee.

Estimated value after fees $287

Qantas flights

Read my analysis

26.

26. Westpac Altitude Rewards Black

Westpac points

$295 annual fee

Offer

100,000 Westpac points

Complimentary International Travel Insurance for trips up to 6 months (Level 1 / Altitude Black card) when at least $500 of prepaid travel costs are charged to the card and a return overseas ticket is held; covers unlimited overseas emergency medical, evacuation and cancellation among other sections (sub-limits apply). Also includes complimentary Interstate Flight Inconvenience Insurance for domestic flights charged to the card (cancellation up to $3,000, flight delay, luggage). Cardholders aged under 81. Eligibility confirmation at checkyourcover.com.au/westpac

Spend $12,000 in 365 days (~$986/mo)

$200 first year annual fee, $295 thereafter

Craig's Take

Easy $33/day spend to hit the bonus. Average ongoing earn rate.

Estimated value after fees $285

Krisflyer flights

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27.

27. Westpac Altitude Rewards Platinum (existing customers)

Westpac points

$175 annual fee

Existing customers onlyCan I become an existing customer?

Offer

75,000 Westpac points

Complimentary international travel insurance (this card is a Level 2 Card) for trips up to 3 consecutive months, when at least $500 of prepaid travel costs are charged to the card account and a return overseas travel ticket is held before departing Australia; cover includes unlimited overseas emergency medical, evacuation and repatriation, cancellation, luggage and personal liability up to $2,500,000

Spend $3,000 in 90 days (~$1,000/mo)

$49 first year annual fee, $175 thereafter

Craig's Take

Easy $33/day spend to hit the bonus. Excellent ongoing earn rate.

Estimated value after fees $281

Krisflyer flights

Read my analysis

28.

28. BOQ Platinum Visa Credit Card

BOQ points

$149 annual fee

Offer

100,000 BOQ points

Includes complimentary insurance (terms, conditions, limits and exclusions apply); cover detailed in the BOQ Credit Cards Complimentary Insurance Policy Information Booklet

Spend $4,500 in 90 days (~$1,500/mo)

$75 first year annual fee, $149 thereafter

Craig's Take

Easy $50/day spend to hit the bonus. Average ongoing earn rate.

Estimated value after fees $215

Woolworths gift cards

Read my analysis

29.

29. ING Orange One Rewards Platinum

Cashback points

$149 annual fee

Offer

0 Cashback points

Up to $20,000,000 cover · trips up to 40 days

Complimentary international travel insurance (Allianz Global Assistance) with up to $20 million overseas emergency medical cover; up to 40 consecutive days per journey; requires approved credit limit of $6,000 or more

Spend $0 in 0 days

Craig's Take

Estimated value after fees $211

Cashback at $3,000/month spend

Read my analysis

30.

30. Bankwest Qantas Platinum Mastercard

Qantas points

$199 annual fee

Offer

20,000 Qantas points

Complimentary Overseas Travel Insurance for Bankwest Qantas Platinum Mastercard cardholders (and spouse/accompanied children travelling on the same itinerary): covers up to 31 consecutive days per journey, unlimited overseas emergency medical and hospital expenses, $2,500,000 personal liability, $25,000 accidental death cover each for cardholder and spouse, and $20,000 baggage and personal goods cover (cardholder only) or $30,000 with family; a $250 excess applies to most claims.

Spend $4,000 in 120 days (~$1,000/mo)

Craig's Take

Easy $33/day spend to hit the bonus. Average ongoing earn rate.

Estimated value after fees $159

Qantas flights

Read my analysis

31.

31. ANZ Frequent Flyer Platinum

Qantas points

$295 annual fee

Offer

25,000 Qantas points

Up to $20,000,000 cover · trips up to 90 days

Complimentary International Travel Insurance for ANZ Platinum cardholders for journeys up to 3 consecutive months when at least $250 of prepaid travel costs are charged to the card and a return overseas travel ticket is held; includes Overseas Emergency Medical/Assistance up to $20 million; domestic travel insurance also available

Spend $3,500 in 120 days (~$875/mo)

Craig's Take

Easy $29/day spend to hit the bonus. Good ongoing earn rate.

Estimated value after fees $147

Qantas flights

Read my analysis

32.

32. Bankwest Qantas World Mastercard

Qantas points

$320 annual fee

Offer

20,000 Qantas points

Complimentary Overseas Travel Insurance for World Mastercard cardholders: overseas emergency medical and hospital expenses unlimited, hospital incidentals up to $15,000, personal liability up to $2,500,000, accidental death $25,000 cardholder plus $25,000 spouse, baggage and personal goods up to $20,000 cardholder-only or $30,000 with family, additional expenses unlimited, cancellation costs up to $15,000 cardholder-only or $20,000 with family. Covers journeys up to 6 consecutive months, extendable to a maximum of 12 months by applying for a paid Upgraded Benefits premium.

Spend $4,000 in 120 days (~$1,000/mo)

Craig's Take

Easy $33/day spend to hit the bonus. Excellent ongoing earn rate.

Estimated value after fees $64

Qantas flights

Read my analysis

33.

33. The American Express Platinum Edge Credit Card

American Express points

$195 annual fee

Offer

0 American Express points

Up to $2,500,000 cover · trips up to 180 days

Complimentary domestic and international travel insurance for the cardholder, partner and dependent children when the return trip is paid on the card; covers trip cancellation/amendment, travel inconvenience, medical emergency expenses (up to $2,500,000), personal baggage and personal liability; max age 79 at purchase, cover ends at 180 days

Spend $0 in 0 days

$0 first year annual fee, $195 thereafter

Craig's Take

Average ongoing earn rate. $200 cashback covers the $195 fee.

Value estimate unavailable

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