Credit cards with price protection

Get the best price on eligible purchases. Compare credit cards with a price protection guarantee to make sure you don’t overpay for important things you buy in stores.

By   |   Verified by David Boyd   |   Updated 28th September 2021

Comparing credit cards with price protection

NAB Low Fee Card

On NAB's website

NAB Low Fee Card

Balance transfer

6 months at 0% p.a.

Purchase rate

19.74% p.a. ongoing

Annual fee

$30.00 p.a. ongoing

Highlights

  • Low $30 p.a. ongoing annual fee.
  • Apply for additional cardholder at no extra cost.
  • Access to six complimentary insurances when you make an eligible purchase.


Disclaimer: The target market determination for this product is available at
nab.com.au/TMD

Bendigo Bank Platinum Rewards Credit Card

On Bendigo Bank's website

Bendigo Bank Platinum Rewards Credit Card

Balance transfer

6 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$89.00 p.a. ongoing

Highlights

  • 0% p.a. on balance transfers for 6 months. Purchase rate of 19.99% p.a. applies thereafter.
  • Earn 1.5 Bendigo rewards points for every $1 spent.
  • Up to 180 days of international travel insurance.

Pros

  • Earn 1.5 Bendigo Bank Rewards points for every dollar spent.
  • Up to 180 days international travel insurance in any 12 month period.
  • Comes with extended warranty on purchases.

Cons

  • No sign-up bonus offer as of the moment.
NAB Qantas Rewards Premium Card

On NAB's website

NAB Qantas Rewards Premium Card

Balance transfer

6 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$250.00 p.a. ongoing

Highlights

  • Get 65,000 bonus Qantas Points when you spend $2,500 in 60 days.
  • Earn 1 Qantas Point per $1 spent on everyday purchases up to $3,000 per statement period then 0.05 pts per $1 spent thereafter (capped at $6,000).
  • Access to six complimentary insurances when you make an eligible purchase.


Disclaimer: The target market determination for this product is available at nab.com.au/TMD


Pros

  • The 65,000 bonus Qantas Points.
  • Free Qantas Frequent Flyer membership (a saving of $99.50).
  • Six complimentary insurances when you make an eligible purchase.

Cons

  • Points earning capped at $6,000 spend per statement period.
St.George Amplify Signature Credit Card (Amplify)

On St.George's website

Apply by 30 November 2021

St.George Amplify Signature Credit Card (Amplify)

Balance transfer

15 months at 0% p.a.

Purchase rate

19.74% p.a. ongoing

Annual fee

$279.00 p.a. ongoing

Highlights

  • Earn up to 200,000 Bonus Amplify Rewards Points over 2 years when you spend $12,000 on eligible purchases each year. Plus, receive a birthday points bonus of 10% of the points earned in the last 12 months.
  • 0% p.a. for 15 months on balance transfers with 1% balance transfer fee on amounts transferred.
  • Includes complimentary overseas travel insurance for up to 6 months

Pros

  • The 200,000 bonus Amplify Rewards Points.
  • 0% p.a. for 15 months on balance transfers.
  • Includes complimentary overseas travel insurance for up to 6 months

Cons

  • There is a 1% balance transfer fee.
  • The ongoing annual fee is high at $279 p.a.
Bank of Melbourne Amplify Signature Credit Card (Amplify)

On Bank of Melbourne's website

Apply by 30 November 2021

Bank of Melbourne Amplify Signature Credit Card (Amplify)

Balance transfer

15 months at 0% p.a.

Purchase rate

19.74% p.a. ongoing

Annual fee

$279.00 p.a. ongoing

Highlights

  • Earn up to 200,000 bonus Amplify Rewards Points over 2 years when you spend $12,000 on eligible purchases each year. Plus, receive a birthday points bonus of 10% of the points earned in the last 12 months.
  • 0% p.a. for 15 months on balance transfers with 1% balance transfer fee on amounts transferred.
  • Includes complimentary overseas travel insurance for up to 6 months

Pros

  • The 200,000 bonus Amplify Rewards Points.
  • 0% p.a. for 15 months on balance transfers.
  • Includes complimentary overseas travel insurance for up to 6 months

Cons

  • There is a 1% balance transfer fee.
  • The ongoing annual fee is high at $279 p.a.
BankSA Amplify Signature Credit Card (Amplify)

On BankSA's website

Apply by 30 November 2021

BankSA Amplify Signature Credit Card (Amplify)

Balance transfer

15 months at 0% p.a.

Purchase rate

19.74% p.a. ongoing

Annual fee

$279.00 p.a. ongoing

Highlights

  • Earn up to 200,000 Bonus Amplify Rewards Points over 2 years when you spend $12,000 on eligible purchases each year. Plus, receive a birthday points bonus of 10% of the points earned in the last 12 months.
  • 0% p.a. for 15 months on balance transfers with 1% balance transfer fee on amounts transferred.
  • Includes complimentary overseas travel insurance for up to 6 months.

Pros

  • The 200,000 bonus Amplify Rewards Points.
  • 0% p.a. for 15 months on balance transfers.
  • Includes complimentary overseas travel insurance for up to 6 months

Cons

  • There is a 1% balance transfer fee.
  • The ongoing annual fee is high at $279 p.a.

Learn about credit card price protection

What is credit card price protection insurance and how it can benefit you.

  • FAQs

Can I get a price difference refund against an online purchase?

Most unlikely. Price protection schemes are designed for purchases made from a bricks-and-mortar retail store located in Australia.

Can I get a price difference refund if I purchase in a store, then see a lower price online?

No. The scheme’s conditions will normally exclude any prices advertised only online. However, you may see a price advertised online by a retailer who also has a physical store within 25 km of your original purchase, so it’s worth checking to see if they have issued a printed catalogue specifying the same low price.

Can I get a price refund on a lower price for a car?

No. Motor vehicles are usually amongst the items specifically excluded from the policy (along with jewellery, collectibles and works of art).

Can I get a refund for a price difference of $50?

Very unlikely. Most policies will have a minimum claim limit involving a price difference of at least $75.

Can I get a refund on a price difference of $2,000 or more?

The policy applicable to your card will have a maximum claim limit, often as low as $300 but occasionally as high as $1,000. Being able to make a claim for more than $1,000 on a single item is unlikely, unless you have a policy for which you have paid a premium.

Do all credit cards have a price protection guarantee scheme?

No. A price protection guarantee scheme is normally just one item in a suite of insurance policies often accompanying premium cards with a high annual fee. However, some lower-priced cards, or even cards with no annual fee at all, may have a price protection program as part of a “shoppers’ insurance” group of policies alongside purchase protection and extended warranty. But many cards have no insurance cover at all.

How long do I have in which to make a claim?

Most policies will specify that the price difference refund claim must be submitted no more than 21 days after the original purchase.

What if I see a lower price advertised in print a few hours’ drive away?

You probably won’t be able to make a claim. Most policies specify that the item must be available at the lower advertised price in a store not more than 25 km from the store where the original purchase was made.

What if I see a lower price for an item which is almost the same as, or better than, the one I purchased?

You will not be able to make a claim. The item in question must be identical to the one you purchased in all respects: the same manufacturer, and exactly the same model number.