ANZ

Q.	How will I know how much my premium is in any given month?
Q.	What if my outstanding credit card balance is zero?
Q.	Am I still required to pay the premium if I pay my credit card statement in full?
Q.	Can my additional cardholder be covered?

 

Q. How will I know how much my premium is in any given month?
A. On the nominated ANZ credit card, the premium charged will appear as a transaction on each statement for that period. The premium is calculated on your closing credit card statement balance.

For ANZ CreditCover the premium is 0.60c per $100. For example if your closing monthly balance is $900, your premium is $5.40.

For ANZ Creditcover Plus the premium is 0.79c per $100. For example, if your closing monthly balance is $900, your premium is $7.11.
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Q. What if my outstanding credit card balance is zero?
A. You will not be required to pay a premium if the closing statement balance shown on your nominated credit card statement for that period is less than $10 or the nominated credit card is in credit.
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Q. Am I still required to pay the premium if I pay my credit card statement in full?
A. Yes, unless the closing balance on your nominated credit card account is less than $10 or in credit for that statement period.
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Q. Can my additional cardholder be covered?
A. No, cover is not available for additional cardholders. However, any purchases made by additional cardholders on the primary card are covered.
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