Free Credit Card Balance Cover

Free Credit Card Balance Cover insurance repays an outstanding credit card balance in the event of death.

For Visa Classic cardholders

With free Credit Card Balance Cover your outstanding balance is automatically insured up to $1,000 in the event of your death, exclusions apply¹.

Visa cardholders, other than additional cardholders, who took out a Westpac Visa card (excluding Gold card) prior to 30 August 1999 are eligible for this cover, eligibility criteria applies¹.

For Visa Gold cardholders

With free Credit Card Balance Cover your outstanding balance is automatically insured up to $50,000 in the event of your death or total and permanent disablement, exclusions apply².

Visa Gold cardholders, other than additional cardholders, who are aged from 18 to 64 years inclusive and who took out a Westpac Visa Gold card up to and including 30 August 1999 are eligible for this cover. However, Visa Gold cardholders that are aged 65 years of age or older are eligible for the Visa Classic card cover. Eligibility criteria applies².

Cover provided:

Card Maximum cover provided
Visa Classic¹ $1,000

For cards commenced on or after 1 March 1987: Once the cardholder is age 65 the maximum amount payable reduces by $100 per year on each birthday.
Cover expires at age 75.

For cards commenced prior to 1 March 1987 no age limits apply.
Visa Gold² $50,000 

Visa Gold cardholders that are aged 65 years of age or older are eligible for the Visa Classic card cover.

 

With the change of your Visa card to a Mastercard® this benefit will continue on the new Mastercard®. If you choose to switch to another Westpac credit card this insurance will no longer apply.

For more information please call us on 0800 557 600.