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Please note Credit Card Repayment Protection is no longer sold. The information on this product is for existing Credit Card Repayment Protection policy holders.

Having Credit Card Repayment Protection helps cover your repayments, so you’ll have one less thing to worry about.

  • Get up to 20% of your balance owing paid each month if you unexpectedly lose your job, for up to 180 days or until you return to work, which ever happens first
  • Get up to 20% of your balance owing paid each month while you’re sick or injured and can’t work
  • Have the balance owing paid off up to $50,000 if you pass away (so loved ones aren’t left with this debt).

Of course, like all insurance, some exclusions, limits and conditions apply. For example, if you voluntarily resign or accept a voluntary redundancy you aren’t covered for job loss. Also, if you were not working at least 15 hours or more per week when you became unfit for work, you will not be covered. 


The lower your balance, the less it costs

Credit Card Repayment Protection costs 52 cents for every $100 owing on your monthly balance, and is:

  • Calculated on the balance owing at the end of each statement cycle when your monthly statement is produced
  • Automatically added to your credit card balance each month.

Premium examples
If the balance owing at the end  of your credit card statement cycle is The monthly premium is
Nil Nil
$1,000 $5.20
$3,000 $15.60
$5,000 $26.00

How to claim

Lodging a claim is simple

Information needed when initially making a claim

Job loss claims
  • A completed Unemployment/Job Loss claim form
  • If you were employed by someone else - an employment separation certificate or a letter from your previous employer stating your period of employment, the reason your employment finished, and your employer’s name and contact details
  • If you were self-employed or in a business partnership - documentation which satisfies the insurer of your loss of employment.
Unfit for work claims
  • A completed Unfit for Work claim form, which your medical practitioner also needs to complete and sign.
  • Documentation confirming the number of hours you worked in the 28 days before you stopped working, for example, payslips, invoices, or a letter from your employer or the company you were working for at the time.
Death claims A certified copy of the original death certificate (a claim form isn't required).

What happens after you claim?

You'll be contacted within 10 working days to either:

  • Confirm if your claim has been accepted, or
  • Request additional information to help reach a decision on your claim.

Need claim help?

If you have any questions, or would like help completing the claim form, call 1300 369 989.
(8.45am - 5pm, Mon-Fri AEST/AEDT)

Things you should know

Unemployment Job Loss Claim Form (PDF 130KB)

Unfit For Work Claim Form (PDF 138KB)

Credit Card Repayment Protection was issued by Westpac General Insurance Limited ABN 99 003 719 319 (WGIL) (who issued the unfit for work cover and the job loss cover) and Westpac Life Insurance Services Limited ABN 31 003 149 157 (WLIS) (who issues the death cover). This insurance product was distributed by Westpac Banking Corporation ABN 33 007 457 141 (the Bank). The Bank does not guarantee payments under the policy. This information does not take into account your personal circumstances. Like all insurance, some exclusions, limits and conditions apply.

This information is general only and does not take into account your personal circumstances. Read the relevant Product Disclosure Statement, which can be obtained by calling 1300 369 989, to see if this insurance is right for you.