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Credit Cards with Travel Insurance – June 2018

Credit Cards with Travel Insurance – June 2018

*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Jun 01, 2018, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

Carrying plastic comes with lots of extra perks, as long as you choose the right credit card. Card benefits often include additional insurance coverage for travelers. Card issuers will help protect you from losses due to trip cancellations, lost baggage, and accidents, for example, as long as you pay for the trip with their credit card.

Below is a review of some of the basic types of travel insurance and protection offered, along with an overview of what kind of coverage is normally included. There can be a few variations of language used, depending on what the card issue chooses. For example, “lost luggage protection” and “baggage insurance” obviously mean the same thing, although their precise terms and conditions can differ.

As always, be sure to read the terms and conditions of your card carefully so you’re aware of what you will receive.

Trip Cancellation Insurance

It can be very costly when customers are forced to cancel their flight. Trip cancellation insurance offered by credit card companies typically limits reimbursement, and only pays if you cancel for specific reasons

If the airline goes into bankruptcy or someone traveling dies or gets extremely sick, that will likely be covered. If you have to cancel because you have jury duty or the airline employees go on strike, though, you probably won’t be covered, though some policies have exceptions. It’s always best to contact your issuer to check the details for your situation before relying on any of these benefits.

These cards currently offer trip cancellation benefits.

  • Chase Sapphire Preferred® Card
  • Chase Sapphire Reserve®
  • Costco Anywhere Visa® Card by Citi
  • Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard®*
  • Citi® / AAdvantage® Executive World Elite™ Mastercard®
  • Citi ThankYou® Premier Card
  • United℠ Explorer Card
  • IHG® Rewards Club Premier Credit Card
  • Marriott Rewards® Premier Plus Credit Card
  • The Ritz-Carlton Rewards® Credit Card
  • The Hyatt Credit Card

Many Visa Signature and MasterCard World Elite versions of other cards also offer trip cancellation benefits. Check your benefits guide or contact your issuer for details.

The information related to the IHG® Rewards Club Premier Credit Card, Marriott Rewards® Premier Plus Credit Card, The Ritz-Carlton Rewards® Credit Card, and The Hyatt Credit Card has been collected by CompareCards and has not been reviewed or provided by the issuer of this card.

Trip Delay Insurance

Some cards can reimburse you if your flight is significantly delayed, helping cover the cost for hotel rooms and meals the airlines often won’t, especially when weather causes delays. Cards that offer a trip delay benefit include:

  • Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard®*
  • Citi® / AAdvantage® Executive World Elite™ Mastercard®
  • Chase Sapphire Preferred® Card
  • Chase Sapphire Reserve®
  • Citi ThankYou® Premier Card
  • Marriott Rewards® Premier Plus Credit Card
  • The Ritz-Carlton Rewards® Credit Card

Some Visa Signature and MasterCard World Elite versions of other cards also offer trip delay benefits. Check your benefits guide or contact your issuer for details.

Travel Accident Insurance

Under a credit card travel accident insurance program, you and your eligible dependents are generally covered for accidental death and (sorry, I know it sounds ghastly) dismemberment. The coverage limits are usually at least $200,000 but in some cases may be more or less.

Policies typically stipulate that you’re covered while riding as a passenger “on a common carrier” directly to and from the terminal (including taxi, bus, train, airport limousine or courtesy transportation but excluding aircraft like helicopters). The coverage starts at the departure destination and ends at the arrival destination printed on your ticket. Partner credit cards we found that come with travel accident insurance include*:

*Terms and limitations apply

Baggage Insurance

The kind of baggage insurance offered by credit card issuers will generally cover loss or damage to your luggage and may also cover baggage delays. Airlines themselves may already cover you for loss or damage to checked luggage, so in many cases this kind of coverage is redundant.

Again, it’s important to read the terms and conditions to understand exactly what this type of insurance covers. Also worth noting, you must purchase your ticket with that specific card offering the service, or you won’t be covered. In other words, just because you’re a card member, doesn’t mean you get coverage if you purchased the ticket with another card.

American Express clearly states that they will cover baggage that’s damaged, stolen, or lost on a plane, train, ship, helicopter, or bus (*Terms and limitations apply.). Citi provides Lost Luggage Coverage that will cover up to $3,000 for you and your dependents for permanently lost, stolen, or damaged baggage or personal articles checked with a common carrier.

The following partner credit cards come with baggage insurance*:

*Terms and limitations apply.

A Note About Insurance Policies in General

When you carry a credit card that offers complimentary coverage, the exact definitions of what is covered and any legal caveats will be explained in the insurance company’s policy. Many credit card policies, for example, are limited by how much they pay and also by the types of claims they will pay. Without reading the details of that policy you cannot know exactly what the details of each policy are. If you want to dig deep, you can usually find a copy of the terms online.

If you are really concerned about having a specific type of coverage or coverage limits, then you may want to consult a travel insurance company. You’ll pay more for your own individual policy, though, so if you just want an additional layer of protection to help compensate you in the event one of these situations arises, choose one of the cards mentioned above. It’s suggested to contact the card company in order to receive details of the policy’s coverage. They will most likely refer you to the insurance company with which they partner because most customer service representatives are not qualified or authorized to provide this kind of detailed legal information.

*This offer and/or promotion has since changed, expired, or is no longer available.


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