Wondering which credit card provides the best travel insurance? Before getting into credit cards with travel insurance, I want to briefly explain why you need travel insurance.
Travel insurance is a must when traveling abroad. You don’t know when your flight will get canceled or postponed, and you don’t want to lose your hard-earned money as a consequence of unfortunate circumstances. Getting insured before your trip can help you have peace of mind and focus on enjoying the journey rather than petty things.
If you don’t have separate travel insurance, don’t even worry, below several credit card companies are listed offer cards that also provide travel insurance.
Here are the best credit cards with travel insurance.
When it comes to travel insurance, rewards, and cashback, Chase Sapphire Preferred Credit Card is one of the most dependable. You can also get 60,000 bonus points if you spend $4,000 within the first three months.
Later you get rewarded with more 10,000 bonus points when you add someone else like your spouse or children as an authorized user. Stay at any hotel you want and transfer the earned points to your favorite airline.
The Platinum Card from American Express is for those who are looking for baggage insurance and car rental damage cover. This card is as good as Chase Sapphire Preferred but its policies are more in-depth when it comes to baggage insurance and car rental damage.
With this card, you will get baggage insurance cover up to $3,000 for both carry on and checked luggage. Lastly, in the case of a car accident, you will be covered with $75,000.
The initial bonus points with Chase Sapphire Reserve are a bit less than the Chase Sapphire Preferred, but you get up to $1M of travel accident coverage. The annual fee is the same as that of the Preferred card($450). Once you enroll in the Priority Pass, you get access to over a thousand VIP lounges in over 500 cities worldwide. Imagine getting a $28 dollar meal in an airport lounge for free before boarding your flight.
This card is best for small business owners with a low travel budget. No annual fee and no foreign transaction fees. What else do you need in a travel credit card? Moreover, you also get accident coverage up to $250,000.
Wells Fargo Business Elite Card may not have endless benefits like Chase Sapphire Preferred but they have provided all necessary travel things that you need in travel insurance.
Citi Prestige card offers 50,000 bonus points after spending $4000 within the first three months of account opening. Moreover, they provide 5X reward points every time you use your card to book flights and eat out in a restaurant. Likewise, your get 3X reward point every time you book a hotel room and travel from a cruise ship. Isn’t that great?
If you are like me and love to travel, travel accident coverage, trip cancellation coverage, lost luggage coverage, baggage delay coverage, trip delay reimbursement, and auto rental coverage are a select few factors that you need your credit card travel insurance to have.