Travel Insurance Through Credit Cards: What You Need to Know

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Overview of Credit Cards Offering Travel Insurance

Credit cards with travel insurance benefits provide coverage for various incidents that might occur during travel. These benefits can include coverage for trip cancellations, lost luggage, medical emergencies, and more. It’s essential to understand the specific coverages offered by your credit card to make the most of these benefits.

Credit Cards With Travel Insurance

Examples of Credit Cards with Travel Insurance

  1. Chase Sapphire Preferred® Card: Offers comprehensive travel insurance benefits, including trip cancellation and interruption insurance, baggage delay insurance, trip delay reimbursement, and more.
  2. The Platinum Card® from American Express: Provides benefits such as trip cancellation and interruption insurance, lost baggage insurance, and emergency medical and legal referral services.
  3. Citi Prestige® Card: Features trip cancellation and interruption protection, baggage delay protection, and worldwide travel accident insurance.
  4. Bank of America® Travel Rewards Credit Card: Includes travel accident insurance, lost luggage reimbursement, and trip cancellation/interruption coverage.

Related Reading: Travel Insurance Through Membership Clubs

Comparison of Travel Insurance Benefits

Credit CardTrip Cancellation/InterruptionBaggage InsuranceTravel Accident InsuranceEmergency Assistance
Chase Sapphire Preferred®Up to $10,000 per tripUp to $3,000 per passengerNot Specified24/7 Assistance
American Express PlatinumUp to $10,000 per tripUp to $2,000 for checked bagsUp to $500,00024/7 Assistance
Citi Prestige®Up to $5,000 per travelerUp to $3,000 per passengerUp to $1,000,00024/7 Assistance
Bank of America® Travel RewardsNot SpecifiedUp to $3,000 per passengerNot Specified24/7 Assistance

Options for Travel Insurance if Your Credit Card Doesn’t Offer It

If your credit card doesn’t provide travel insurance, or if you seek additional coverage, considering a separate travel insurance policy is a good idea. Travel insurance can offer more extensive coverage and flexibility, ensuring protection against a wider range of scenarios that might not be covered under a credit card’s benefits.

For comprehensive travel insurance options, visit the Annuity Expert Marketplace. This platform provides a variety of travel insurance policies to suit different needs, allowing you to compare and choose the coverage that best fits your travel plans.

Travel Insurance Credit Cards

Conclusion

Choosing a credit card with travel insurance requires considering the types of coverage that align with your travel needs. Cards like the Chase Sapphire Preferred® and American Express Platinum offer robust travel insurance benefits. However, for those whose cards don’t provide such benefits, or for additional coverage, exploring external travel insurance options, such as those available at the Annuity Expert Marketplace, is advisable. Contact us today for a free quote.

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Frequently Asked Questions

Do all credit cards have travel insurance?

No, not all credit cards come with travel insurance. It’s a feature often found on premium or travel-specific credit cards. Always check the card’s benefits and terms for specific information.

Do most credit cards have trip cancellation insurance?

Trip cancellation insurance is not standard on all credit cards. It’s more commonly found on travel-focused or premium credit cards. Always review your card’s specific benefits and terms.

Do all Visa cards have travel insurance?

No, not all Visa cards include travel insurance. It largely depends on the card issuer and the level of the card (Standard, Signature, Infinite). Always check specific card benefits.

Does Visa Infinite cover trip cancellation?

As of my knowledge cutoff in September 2021, Visa Infinite cards often include benefits like trip cancellation and interruption insurance, but specifics can vary by the card issuer. Check your card’s benefits.

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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