If your StepPay is linked to either of these accounts, you will need to update it to an eligible repayment account via the CommBank app. StepPay, our Buy Now Pay Later product and an Interest-free Low Fee credit card are the two low-cost credit contracts that CommBank offers. Fees and charges may apply to your linked CommBank repayment account. If there aren’t enough funds in the account, your StepPay card will be temporarily blocked until the funds are available. CommBank will automatically deduct the four repayments from your chosen linked transaction account.
The key difference between market value and agreed value car insurance is that with an agreed value policy, you know the total amount you may be covered up to in the event of a claim as this amount was set when you bought the policy or renewed it. The cost of insurance and how it’s calculated (known as your premium) depends largely on the type of cover you hold (i.e. comprehensive cover, Third Party Fire and Theft or Third Party Property Damage) and how risky you are to insure. Third Party Property Damage is typically the cheapest of the optional car insurance products and provides the most basic level of cover.
Monthly credit card fee (currently $10.95) and other charges apply. With your Latitude GO Mastercard credit card when you spend a minimum of $1,000 on an equal monthly payment plan3. Once the Everyday Account is linked to an active home loan the account name will automatically change to Everyday Account (Offset) Access your money with a Debit Mastercard and have access to 24/7 fraud monitoring
To help you understand the types of car insurance, we’ve compiled the following table as a simple way to compare them. Eligible persons who can access the complimentary Purchase Protection Insurance are the current holders of the relevant Latitude 28° Global Platinum Mastercard which entitles them to these purchase protection insurance benefits. (Excludes MAI)Lodge your car, home or NSW CTP insurance claim any time, online or over the phone.
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Are learner drivers covered by car insurance?
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Learner drivers are covered by car insurance, but some insurers require you to add them as a listed driver. You can get car insurance for your four-wheel drive (4WD or 4×4) like any other car. When comparing car insurance with Compare the Market, make sure you select the appropriate usage when you’re asked how you use your car. If something happens on the roads while you’re travelling for business, car insurance with business use cover can provide peace of mind.
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