CommBank CreditCard Plus is closed to new applications: CommBank says it stopped accepting applications on 8 June 2018. Existing policyholders may still be covered for eligible events under their individual policies. The cover was designed to help repay a CommBank credit-card balance after specified unemployment, disability, terminal illness or death events, but the policy wording—not the headline summary—decides whether a claim qualifies.
Can you still apply for CreditCard Plus?
No. CommBank says new applications for CreditCard Plus have not been accepted since 8 June 2018. The bank says existing customers remain covered for claimable events for the life of their policy. The issuer is AIA Australia, which CommBank says is not part of the CBA group. CommBank’s CreditCard Plus page
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This is therefore a review of a closed product for people who already hold a policy, not a current offer. If you are an existing customer, use your policy schedule and wording to confirm your cover; the public summary cannot establish the terms of an individual policy.
What does CreditCard Plus cover?
CommBank’s summary describes two broad types of benefit. The circumstances and eligibility tests are defined by the policy, and actual payment depends on the policyholder’s terms, exclusions and claim evidence. CommBank’s product summary
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- SECURE YOUR WALLET FROM e-PICKPOCKETING: Prevent potential identity and financial theft through your contactless cards. This is the simplest and most effective prevention solution! Block RFID and NFC signals, protect your personal information, and enjoy peace of mind wherever your travels or business take you.
- JAMMING CHIP: An antenna and jamming chip makes up the main components of the card. The antenna will sense incoming radio waves and draw power for the chip to create a jamming signal. Lifetime usage as the card does not require battery.
- BROAD WORKING DISTANCE: With a 2.4” working distance, your entire wallet stays protected. The premium RFID blocking card helps secure cards within 1.2” on either side, providing reliable protection against electronic pickpocketing.
- ULTRA-THIN & COMPACT: At the size of a standard credit card and at only 0.03” thick, the card will fit into any wallet, purse or card case. Keep your wallet compact with no added bulk from this card. Best for travel, business, and everyday use.
- TEST THE CARD: Test the card is working at your local supermarket. At the self-service checkout machines, combine the card and a contactless card on the payment reader. Payment with the contactless card will be blocked and an error message should occur on the reader.
Involuntary unemployment or temporary disablement
The stated benefit is 20% of the credit-card balance each month for up to five months. Treat this as a headline description, not a promise that every balance or period of unemployment or disablement will qualify. The policy definitions, waiting periods and conditions apply.
Permanent disablement, terminal illness or death
For these specified events, CommBank describes paying off the card balance up to $25,000, plus a one-off cash payment matching the balance, also up to $25,000. The policy’s definitions and claim requirements determine whether either benefit is payable.
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- Slim and Thin Wallet - This minimalist bifold wallet measures 4.3x3.2x0.6 inches and stores up to 15 cards. The bifold wallet perfectly fits in your pocket and is well-suited for everyday carry
- Elite Features - 2 ID windows (DL & Other ID Cards) and 2 quick slots allow for quick access during travel, shopping or work. With 15 card slots and 2 more slots behind them, it is easy to carry all your important cards,cash and bills, meet all your daily needs
- RFID Blocking- Our wallets are equipped with advanced RFID SECURE Technology, a unique metal composite, engineered specifically to block 13.56 MHz or higher RFID signals and protect the valuable information stored on RFID chips from unauthorized scans.License and ID cards will be protected effectively. No more worrying about unauthorized scans during travel, shopping, or daily commuting!
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The publicly linked product disclosure statement is dated 3 September 2016. It is historical documentation, not proof that every current policyholder has identical terms or that no later changes apply. Check the PDS and schedule issued for your policy. CreditCard Plus PDS (3 September 2016)
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How much did CreditCard Plus cost?
CommBank’s product page states a premium of 45 cents for every $100, or part of $100, owing, calculated on the statement-generation date and subject to a covered balance limit of $25,000. The premium could still be charged even if the cardholder repaid the balance by the payment due date; it appeared on the statement as “CreditCard Plus Premium.” CommBank’s product page
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- STYLISHLY SMALL, SLIM & DISCREET: Measuring just 3 1/8" x 4 7/16", our RFID front pocket wallet is designed to be super thin and exceptionally slim. Its modern, minimalist profile fits perfectly in your pocket, purse, or travel pack without adding bulk.
- SURPRISINGLY SPACIOUS: Though slim, it features 8 slots to easily organize your essentials. Comfortably holds your driver's license, credit cards, debit cards, and membership cards, keeping everything you need right at your fingertips.
- ADVANCED RFID BLOCKING: Our slim wallets for men and women are outfitted with advanced RFID SECURE Technology. They block electronic signals to keep your identity protected while you travel, shop, or explore, safeguarding you from digital theft.
- DURABLE & STYLISH FAUX LEATHER: Crafted from premium synthetic leather, this minimalist wallet sleeve combines a luxurious look and feel with everyday functionality. Its durable construction is designed to withstand the rigors of daily use, travel, and shopping.
- THE PERFECT UNISEX GIFT: With its sleek design and practical security features, this wallet is a popular choice for both men and women. It arrives ready for gifting, making it an ideal present for the frequent traveler, minimalist, or anyone in your life!
For illustration only, a statement balance of $1,250 would fall into 13 lots of $100 or part thereof, giving a premium of $5.85 at the stated rate. This example applies the published calculation and is not a current quote or application offer.
Can you claim if you lose your job?
CommBank’s claims page asks screening questions for involuntary unemployment. Among them: whether the job loss was involuntary; whether you worked an average of at least 15 hours a week; whether you have been unemployed for more than 14 consecutive days; whether you are actively seeking work in Australia; and whether you had held the policy for more than 60 days before learning you would become unemployed. These are screening questions, not confirmation that a claim will be accepted. CommBank’s CreditCard Plus claims page
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- Special Design: Multi-color optional and wear-proof classic business card holder looking.
- Plenty of Space: 16 card slots only measuring 4.1" x 3.0" x 1.1", including 13 credit card slots, 2 cash slots
- Protect Information Leakage: Prevents your vital information/cards from unnoticed scan with 2 outer layers RFID blocking materials.
- Extra Key Chain & Portable: Extra corns with key chain for your keys or lanyard. Portable use for shopping, traveling, etc.
- Great Gift: Practical compact wallet is the perfect gift. Give a thoughtful surprise to Men/Women on birthdays, holidays, celebrations, or any special occasion (e.g. Valentine's Day, Christmas, etc.).
The claims page also sets out separate screening conditions for temporary disablement, permanent disablement, terminal illness and death. Those conditions include event-specific occupation, symptom, medical-timing and waiting-period questions. Because the applicable definitions and exclusions depend on the policy, a public checklist cannot determine an individual claim.
How to start a claim
- Find your policy schedule and wording, then identify the relevant benefit and its definitions, qualifying periods and exclusions.
- Call CommBank’s CreditCard Plus claims team on 13 3982, weekdays 9am–5pm. CommBank lists AEST/AEDT hours on its product page and Sydney time on its claims guidance; check the applicable local time when calling. Product page contact details and claims guidance
- Follow the claims team’s instructions. It may send you a claim form and specify the supporting documents or evidence required.
- Ask the claims team to confirm how the terms in your own policy apply to your circumstances. Neither the historical PDS nor the public screening questions establish the outcome of your claim.
What the ASIC case means for this review
ASIC reported in 2021 that CBA pleaded guilty to 30 criminal charges concerning false or misleading representations to 165 customers when selling consumer credit insurance, including CreditCard Plus, between 2011 and 2015. This is relevant context about the product’s sales history. It does not establish whether an individual policyholder is eligible to claim. ASIC’s 2021 announcement
Quick Recap
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- Advanced RFID secure sleeve designed to protect credit cards, money cards, identification cards from electronic fraud or theft; RFID shields are a superb debit card protector, RFID blocking to provide superior travel security.
- Made from special RFID blocking material, this credit cards holder is thin and lightweight. certified secure sleeves for credit cards protect against scanning of digital and electronic chips by thieves, tear- and water-resistant
- RFID sleeve with electronic armor is the identity theft protection for your bank cards. this credit card and ID holder prevents electronic access to your cards. valuable credit card protection, an ID card protector. RFID to block scanning and skimming
- Credit card protection sleeve designed with color coding system to find each card easily and quickly. RFID credit card holder have different colors for superior convenience. the special high quality rigid aluminum foil coating of these tiny slim RFID blocking wallets ensures you will never be a victim of high-tech crime
- Includes 12x RFID credit card protector sleeves for ultimate fraud prevention and travel safety
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
