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Hi <<First Name>>

Peter and I are heading off on our annual leave this afternoon, and I thought it was pertinent to share my experiences with Credit Card Travel Insurance.  The theme of this newsletter is credit cards, travel insurance.

1. Travel insurance and credit cards – Important to read if you rely on your credit card travel insurance

2. Travel Insurance Trip-Ups
3. Buying things on your credit cards – is it worth it for everything?



 

Travel insurance and credit cards – Important to read if you rely on your credit card travel insurancel

For many years, we have had a Global Plus credit card that has provided us with travel insurance whenever we travel for leisure. No cover for business travel, no cover after 90 days, but I have read the terms and conditions and been very comfortable with the cover that we have had available.

In fact, I have used the cover twice, and been very impressed with the results.  Once for an ear infection in Fiji, and more significantly, for a broken elbow (at the start of a 7 week cycling trip of France.)  The insurer (AIG) was fantastic to deal with, got us rental car to continue our trip in France as I couldn’t ride my bike, and then when it was all too painful and not at all enjoyable, arranged for us to come home after only 3 weeks ago.  I can’t speak highly enough of the cover that we had and the service provided to us when we needed it.

This year, as we were getting ready to go on our annual cycling trip (this year to the USA), I had a small health issue that required heavy duty antibiotics.  So, having been given the all clear to travel by my GP, I did the right thing and phoned my card insurer to let them know and check whether I would be insured.

Read more here

 

For many years, we have had a Global Plus credit card that has provided us with travel insurance whenever we travel for leisure. No cover for business travel, no cover after 90 days, but I have read the terms and conditions and been very comfortable with the cover that we have had available.

In fact, I have used the cover twice, and been very impressed with the results.  Once for an ear infection in Fiji, and more significantly, for a broken elbow (at the start of a 7 week cycling trip of France.)  The insurer (AIG) was fantastic to deal with, got us rental car to continue our trip in France as I couldn’t ride my bike, and then when it was all too painful and not at all enjoyable, arranged for us to come home after only 3 weeks ago.  I can’t speak highly enough of the cover that we had and the service provided to us when we needed it.

- See more at: http://www.moneyworksdirect.co.nz/blog/travel-insurance-and-credit-cards-important-to-read-if-you-rely-on-your-credit-card-travel-insurance/#sthash.ZGNGiGFf.dpuf
 

C


arey is supported by Paul Swarbrick, Client Relationship Manager – who has in excess of 20 years experience in providing people with assistance in organising and managing their mortgages.IMG_0944

As the ‘accredited’ person, Carey will assist all our clients with the advice component, whereas Paul will be the day to day contact to help you fulfil all the requirements and will be the main liaison person between you and the lenders.

- See more at: http://www.moneyworksdirect.co.nz/blog/mortgages-use-us-to-get-the-best-value-for-your-or-your-family-and-friends/#sthash.4UF3fwxx.dpuf

Travel insurance Trip-ups

In my opinion, the best personal finance pages produced in New Zealand are in the business section of the Sunday Star Times.  It is pretty much the only thing I read in that newspaper, but it is worth purchasing just for these articles.

In particular, Rob Stock produces some thought provoking and valuable articles.  I often rip them out so that I can refer to them for blog articles, and for general awareness of issues for all of us in the business.


A recent theme of Robs articles is to do with Travel insurance and being tripped up by policy and insurance wording.

There are three good articles that I want to share with you.  I suggest that you take the time to read them and be aware of the implications of these articles.  In particular, for those of you who travel, the two travel insurance articles are particularly significant


Read more here
 

For many years, we have had a Global Plus credit card that has provided us with travel insurance whenever we travel for leisure. No cover for business travel, no cover after 90 days, but I have read the terms and conditions and been very comfortable with the cover that we have had available.

In fact, I have used the cover twice, and been very impressed with the results.  Once for an ear infection in Fiji, and more significantly, for a broken elbow (at the start of a 7 week cycling trip of France.)  The insurer (AIG) was fantastic to deal with, got us rental car to continue our trip in France as I couldn’t ride my bike, and then when it was all too painful and not at all enjoyable, arranged for us to come home after only 3 weeks ago.  I can’t speak highly enough of the cover that we had and the service provided to us when we needed it.

- See more at: http://www.moneyworksdirect.co.nz/blog/travel-insurance-and-credit-cards-important-to-read-if-you-rely-on-your-credit-card-travel-insurance/#sthash.ZGNGiGFf.dpuf
 

C


arey is supported by Paul Swarbrick, Client Relationship Manager – who has in excess of 20 years experience in providing people with assistance in organising and managing their mortgages.IMG_0944

As the ‘accredited’ person, Carey will assist all our clients with the advice component, whereas Paul will be the day to day contact to help you fulfil all the requirements and will be the main liaison person between you and the lenders.

- See more at: http://www.moneyworksdirect.co.nz/blog/mortgages-use-us-to-get-the-best-value-for-your-or-your-family-and-friends/#sthash.4UF3fwxx.dpuf

Buying things on your credit cards – is it worth it for everything?

 
Over the years the incentives for buying things on credit cards has increased (but the interest rates that apply if you don’t pay off your balance to nil each month don’t seem to have gone down!)

There are now fly buys points, gifts, air points available for each dollar that you spend.  Different credit cards are issued promising more and more air points or rewards.  The latest issue is an Airpoints card through KiwiBank which lifts the ‘rewards’ game again.

For people who are disciplined enough to pay off the balance in full each month, it seems like a no brainer to buy everything on a credit card.  But is it really?

Initially, the fees that credit card issuers charged were absorbed by the retailer/service provider.  But after a change in the laws in New Zealand, the retailer/service provider can now recoup this from you, the consumer.  I have typically observed this in the hospitality area.  Many hotels charge a ‘fee’ of up to 3% for the privilege of using your credit card.  Air New Zealand charges a flat fee for each booking using a credit card.

Read more here

 

C


arey is supported by Paul Swarbrick, Client Relationship Manager – who has in excess of 20 years experience in providing people with assistance in organising and managing their mortgages.IMG_0944

As the ‘accredited’ person, Carey will assist all our clients with the advice component, whereas Paul will be the day to day contact to help you fulfil all the requirements and will be the main liaison person between you and the lenders.

- See more at: http://www.moneyworksdirect.co.nz/blog/mortgages-use-us-to-get-the-best-value-for-your-or-your-family-and-friends/#sthash.4UF3fwxx.dpuf
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