Compare credit cards with purchase protection
Feel better knowing your credit card purchases are protected in the event of loss, theft or damage? The table below displays a selection of credit cards from our Online Partners that offer purchase protection insurance. Terms and conditions vary between cards and limits and exclusions apply.

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The initial results in the table above are sorted by Reward points per $1 (High-Low) , then Annual fee (Low-High) . Additional filters may have been applied, which impact the results displayed in the table - filters can be applied or removed at any time.
What is purchase protection on a credit card?
Purchase protection insurance is a type of insurance that provides some financial protection if something you have bought with your credit card is lost, stolen or accidentally damaged.
Say you purchased a new iPhone with your credit card and a few days later you accidentally dropped and damaged it. If your credit card has purchase protection, you may be covered and reimbursed for the phone.
How does purchase protection work?
Purchase protection covers eligible items bought with your credit card. It usually covers personal items, but some policies also cover business items. It usually applies to items purchased anywhere in the world or items given as a gift, so long as they were bought in full using the card.
You typically have around 90 days of cover starting from the date of the purchase, but some credit card providers offer longer terms of cover.
There are also limits and sub-limits that apply per claim and per year (for example, a policy may cover the purchase price in full up to $10,000 per covered item, and up to $135,000 for all claims in a 12-month period). Generally, there are lower sub-limits for items such as jewellery, watches and art.
Depending on the provider, you may also need to pay an excess when you make a claim, however, whether an excess applies will depend on the issuer of the card.
Terms and conditions will vary depending on the provider and credit card you choose, so it’s important to read these as well as other relevant documents, such as the Target Market Determination and Key Facts Sheet.
Frequently Asked Questions about Purchase Protection Insurance from Credit Cards
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This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.