If you applied for your Coles Credit Card before 25th February 2018, Account Cover Plus was an optional insurance cover you may have purchased for your Coles Credit Card. If you did choose to purchase Account Cover Plus, your premium is based on your Outstanding Balance on your Monthly Statement and is capped at a maximum charge of $50. This Premium is automatically debited to your Coles Mastercard account each month and is contained in your statement.
If you are an existing Account Cover Plus policy holder, below is a brief overview of your policy benefits.
For full benefit terms, conditions and exclusions, please refer to the Product Disclosure Statement and Policy (PDS).
Pays the price difference to your account if an eligible item purchased with your Coles Mastercard reduces in price at the same store within 24 months of purchase.1
Pays the cost of repair or replacement if an eligible item purchased with your Coles Mastercard is lost, stolen or damaged within 6 months of purchase.1
Meets your monthly card payments if you lose your job unexpectedly or can’t work due to illness or injury.1
Pays out your card balance up to $50,000 in the event of your death, diagnosis of critical illness, or total and permanent disablement.1
If your Coles Mastercard is stolen we’ll give you $200 just for the inconvenience.
Make a claim
If you have an existing Account Cover Plus policy on your Coles Mastercard and would like to make a claim, please contact us on 1800 800 230.