Commbank to drop Credit Card and Personal Loan Insurance

Money
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Commbank are removing their current Credit Card and Personal Loan Insurance and refunding premiums to those who are not suited to the policies. They have set aside $16 Million to cover the premiums and interest in those cases.

To read a press release see:

https://www.commbank.com.au/guidance/newsroom/cci-and-pl-program-201803.html

If you think you may be an affected/eligible customer they recommend you ring 132221 if you have any queries.

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Thanks for info @grahroll, hopefully a few consumers can get their money back :thumbsup:

Here’s some CHOICE coverage on the issue:

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