Allow me to introduce you folks to our new travel community: TravelTalk NZ.

We hope to see you there!

To be honest, with closed borders at the moment it probably not going to be missed.....

Their premiums have probably increased enough that their cost/benefit analysis shows that it's not a perk worth offering. I made a successful claim on my ANZ Qantas Visa regarding some overseas April accommodation that I had booked in December, and I doubt I was the only one. 

We have relied on using that via BNZ for years. Will be disappointed if BNZ withdraws it. We regard it as a major feature of the Platinum Visa card.

tieke:

 

I made a successful claim on my ANZ Qantas Visa regarding some overseas April accommodation that I had booked in December, and I doubt I was the only one. 

 

@tieke Yes but was that a credit card charge-back or a travel insurance claim - they’re not the same thing.

zhzh: ANZ will no longer offer overseas travel insurance on Cashback Platinum credit card from 14 October 2020.

Will other major NZ banks follow?

This is limited to your card - other ANZ Platinum card (Airpoints) still has the travel insurance listed without the termination reference that the Cashback Platinum card has.  Note the Cashback card has a reduced annual fee.

To be honest I'm surprised a cashback card still has travel insurance included - I suspect it's simple a legacy thing being a premium card as it's been a semi standard feature on many Gold and Platinum cards.

With interchange having been cut significantlyin the past year and Labour saying they will take this further all the banks will no doubt be reviewing the benefits that are included with cards because with a huge cut in the revenue from interchange they can't afford to give back reward scheme rebates such as cashbacks and Airpoints at the current rates, and fund things like travel insurance.

eracode:

 

tieke:

 

I made a successful claim on my ANZ Qantas Visa regarding some overseas April accommodation that I had booked in December, and I doubt I was the only one. 

 

 

@tieke Yes but was that a credit card charge-back or a travel insurance claim - they’re not the same thing.

 

It was a travel insurance claim through the Qantas VISA built-in travel insurance, and I was covered because I had booked everything well before Covid was recognised as an issue.  I managed to get refunds myself from most of the big ticket items after badgering the appropriate companies, but it was still good to have the travel insurance cover the remaining items.