If you already thought Cash Passport™ Platinum Mastercard® was loaded with impressive benefits and perks, you’re about to discover it has gotten even more rewarding with new Purchase Protection!* That’s right, your clients can now pay with greater confidence – abroad and at home – with three complimentary new benefits added for Cash Passport card holders.
Question: what happens when you drop that newly purchased mobile phone (which you upgraded to ensure the perfect holiday snaps), and you pick it up to find the screen has cracked!
Or how far your heart sinks when the designer bag you just saved up for and finally hit ‘buy now’, suddenly drops in price two weeks after your purchase? It’s almost as big a drop as your falling phone, right?
Usually, the answer to those two questions is 1) you cry and 2) your heart is in your feet. Not with Cash Passport’s new Purchase Protection, though. Both may be covered at no extra cost!
Cash Passport’s new Purchase Protection Insurance has three levels of support for card users.
- Purchase Protection
- Price Protection
- E-commerce Purchase Protection
Purchase Protection*
For eligible purchases made with Cash Passport*, there’s coverage up to $700 for items against both theft and damage for up to 180 consecutive days. So, yes, you could even be home when you drop your latest gadget, smashes into tiny pieces, as, just like your soul feels at the moment, it hits the concrete floor. Thanks to Cash Passport, you could get a replacement!
Cover for eligible purchases is automatically provided under Purchase Protection.
Price Protection*
No one likes feeling sucked in by a ‘best price ever’ sale, only the following day to receive an email saying, ‘Grab this best deal ever’ and it’s an even bigger discount, and you feel so ripped off.
We’ve all been there, but with Cash Passport, there’s now complimentary Price Protection Insurance on eligible purchases.
If the price drops after shopping or it’s seen advertised at a lower price through the same sales channel, cardholders may be able to get a refund for the difference. There are two key rules: it must be in the same city or region where the original purchase was made, and within 30 calendar days*. You can refer to the insurance T&Cs for more details on coverage.
E-Commerce Purchase Protection*
You only need to spend a few minutes online to find someone who thought they were buying a fabulous dress/hat/costume for their cat to see the stark reality of the dishcloth/bucket/costume for a tiger they got instead.
When shopping with Cash Passport, your clients now have E-Commerce Purchase Protection. This means that if the items arrive broken and don’t function well (or at all), eligible card holders can apply for reimbursement for the covered purchases if the seller fails to refund*.
Seamless online claims
Claiming with Cash Passport is as effortless as loading more cash on the card (i.e. super easy). For any of the three new Purchase Protection covers, claims can be submitted on the Insurance Online Portal.
To see the full details of what’s covered and how to claim, head to the Cash Passport Complimentary Insurance Terms and Conditions here.
Sign up to Cash Passport today
With even more reasons to sign up as Cash Passport agent, now’s the time! Call the team on 1800 085 537 or email agentsupport@mastercard.com to register and receive card stock for your business.
Want some tips on selling Cash Passport? Check this out.
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*Purchase Protection, Price Protection and E-Commerce Purchase Protection is provided under a group policy issued by AIG Australia Ltd (ABN 93 004 727 753, AFSL 381 686) (AIG) to Mastercard Asia/Pacific Pte. Ltd. Cover is available to Cash Passport Platinum Mastercard Cardholders (Eligible Person). Eligible Persons can claim under the Group Policy as third-party beneficiaries in accordance with section 48 of the Insurance Contracts Act 1984 (Cth). If an Eligible Person wishes to claim, such claim will be subject to the eligibility criteria, terms, conditions, exclusions, limits and applicable sub-limits as further detailed in the terms and conditions for such coverage found in the Cash Passport Platinum Mastercard Complimentary Insurance Terms and Conditions available at cashpassport.com.au. In arranging these Insurances Mastercard Asia/Pacific Pte. Ltd. is acting as a group purchasing body under ASIC Corporations (Group Purchasing Bodies) Instrument 2018/751.
Mastercard Prepaid Management Services Australia Pty Ltd (ABN 47 145 452 044, AFSL 386 837) arranges for the issue of the Cash Passport Platinum (“Cash Passport Platinum”) in conjunction with the issuer, EML Payment Solutions Limited (‘EML’) ABN 30 131 436 532, AFSL 404131. You should consider the Product Disclosure Statement before deciding to acquire the product. Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider if it is appropriate for you. Consider Target Market Determination and Financial Services Guide.
