Changes to ANZ credit cards travel insurance

[luxury-lizard]

Not sure if this should be a separate thread for ANZ cards to a general one for all cards.

Anyway - ANZ has announced the upcoming changes to travel insurance with their various cards. Mine is an ANZ Travel Adventurer Card (which falls into their new classification of a Level 2 card).

The travel insurance with this card is now completely useless (to me) - only covers trips up to 30 days - Mr LL and I usually travel overseas once or twice a year for 6 weeks and even if it covered longer trips most areas of cover have been dropped (e.g. travel delay, lost luggage, etc etc. - to me one of the most common reasons for making a claim).

So got quotes for our 2027 European trip (which includes a cruise) and it's $4300 for both of us (Mr LL is over 80 but I'm still a sprightly 78) - neither of us have any pre-exisiting conditions or take any medication.

So why or why do I keep this card - the next hit will be to the points (Velocity) earned. Of course replacing it with some other card (I use this card for non-AUD expenses as it has no foreign currency charges) could be tricky given the banks' reluctance to issue cards to retirees.

 

[Brissy1]

Is MrLL under 81? My latest (churning) card NAB Qantas Rewards Signature covers up to 6 months. There's likely better ones but your post prompted me to check my latest card .

It seems that you can be over 81 when travelling, the "under 81" applying when you activate the ins (spend$500 as required).
Otherwise, of course if you're covered by credit card insurance then only single cover for MrLL will be needed.

 

[luxury-lizard]

thanks @Brissy1 - Mr LL is 83 and has had to purchase separate insurance for the past 2 years.

My FF alliance is towards Velocity but still accumulate QF points. The NAB card you refer to sounds good insurance-wise - will take a closer look. As I mentioned retirees have trouble getting approved for new credit cards (even though I was more or less instant approval for an AmEx Velocity platinum card - so who knows.

 

[burmans]

I have the Travel Adventures card too and agree the Travel Insurance is a definite loss but will still keep for the lack of Forex fees.

As elsewhere noted there are plenty of cards with better insurance out there.

 

[karen blancfield]

Not sure if this should be a separate thread for ANZ cards to a general one for all cards.

Anyway - ANZ has announced the upcoming changes to travel insurance with their various cards. Mine is an ANZ Travel Adventurer Card (which falls into their new classification of a Level 2 card).

The travel insurance with this card is now completely useless (to me) - only covers trips up to 30 days - Mr LL and I usually travel overseas once or twice a year for 6 weeks and even if it covered longer trips most areas of cover have been dropped (e.g. travel delay, lost luggage, etc etc. - to me one of the most common reasons for making a claim).

So got quotes for our 2027 European trip (which includes a cruise) and it's $4300 for both of us (Mr LL is over 80 but I'm still a sprightly 78) - neither of us have any pre-exisiting conditions or take any medication.

So why or why do I keep this card - the next hit will be to the points (Velocity) earned. Of course replacing it with some other card (I use this card for non-AUD expenses as it has no foreign currency charges) could be tricky given the banks' reluctance to issue cards to retirees.

We are in the same boat, so to speak. I’m hoping the clever travellers on AFF will come up with some helpful advice.

 

[karen blancfield]

I have the Travel Adventures card too and agree the Travel Insurance is a definite loss but will still keep for the lack of Forex fees.

As elsewhere noted there are plenty of cards with better insurance out there.

Can you point me in their direction please? We are retired and also know it’s near impossible to be granted a new credit card.

 

[burmans]

Can you point me in their direction please? We are retired and also know it’s near impossible to be granted a new credit card.

I’m retired too and haven’t found getting a new card anywhere near as hard as some suggest. The main determinant for approval is income, and if you have enough to travel you may find you actually do have enough income to get a card.

As far as which card, you’d need to look at each card’s PDS to be sure but generally more premium cards have better insurance. You’d need to check the PDS yourself to be sure but I thought I saw an analysis of changes and that Qantas Money cards still had longer periods of coverage, even the lower level cards. But you’d need to check, I may be misremembering!

 

[luxury-lizard]

Thanks @burmans - I'm still looking at various products but would be looking for travel insurance (which was useful to me), no forex and a VISA card (as I have an AMEx as the primary card holder and another as secondary). Earning Velocity or QF points has become a nice to have (with these changes). On top of it all, my main bank account is (/was) with HSBC and am moving to Macquarie (who don't have a credit card but may just go with a debit card or WISE card).

While others have reported difficulty obtaining a new credit card once retired I have not applied for a bank issued card since retiring (only an AmEx which was approved immediately and a few months later an increase in the credit limit was also approved but AmEx may have different criteria).