Credit cards that provide travel insurance for seniors typically cover trip cancellation, interruption, emergency medical expenses and many other benefits, such as lost luggage coverage and travel accident coverage.
HSBC World Elite Mastercard stands out among travel credit cards for seniors by providing an unprecedented 21 days of medical coverage when used to purchase travel. This benefit is one of 15 available when using this card to pay for trips.
HSBC World Elite Mastercard
If you are aged over 65 and looking for a credit card to provide emergency travel medical insurance beyond this age threshold, look no further than the HSBC World Elite Mastercard. With its generous signup bonus and comprehensive benefits suite as well as no foreign transaction fees it makes an ideal option for frequent travellers.
The World Elite Mastercard also comes with a $100 travel credit each year that can be applied toward airline seat selection fees, checked bag fees, or airport lounge access fees. Although this card requires an income requirement of $80,000 personal or $150,000 household as well as excellent credit score rating to apply, many travelers find its annual fee well worth their consideration. HSBC may occasionally run promotions whereby a portion of its first-year annual fee rebated.
National Bank World Elite Mastercard
The National Bank World Elite Mastercard is a top travel rewards credit card with exceptional insurance coverage. This card features purchase protection of up to 180 days, extended warranty (for up to two additional years), out-of-province medical/hospital coverage when purchased tickets paid with this card in full or part and out-of-province medical/hospital coverage when paid for entirely or partially with this credit card.
This card provides an annual travel credit of $250, competitive earn rates, and flexible redemption options. While its annual fees of $150 for primary cardholders and $50 for authorized users may seem higher than other premium cards in Canada, often offers exist to waive that fee for at least the first year. Lastly, access is granted to the National Bank Lounge at Montreal-Trudeau Airport for both primary cardholders and one guest.
Scotiabank Passport Visa Infinite
Scotiabank Passport Visa Infinite is an exciting and long-awaited addition to Canada’s limited selection of no foreign transaction fee credit cards, boasting an attractive annual fee of $150 but offering many valuable features and benefits that justify their cost.
This card provides comprehensive travel and purchase insurance along with luxurious rewards. Plus, its welcome bonus of 25,000 points after spending $1,000 within 3 months is equivalent to $250 when redeemed towards travel purchases!
Scene+ requires a high minimum income level (at least $60k personal or $100k household) and strong credit to qualify, however with hard work you could potentially earn enough rewards with Scene+ to cover its annual fee in one year!
American Express Platinum Card
American Express is revamping their consumer Platinum Card with a renewed emphasis on lifestyle. Along with offering an attractive welcome bonus (80 Membership Rewards points worth up to $1,400), and various annual credits and privileges such as concierge service access and membership to Equinox gyms.
This card boasts premium travel benefits like primary rental car insurance and trip delay coverage, in addition to generous airport lounge access through Centurion and Priority Pass clubs.
Beverly Harzog, a credit card expert from MoneyGeek, suggests the Platinum Card might make sense for you if you frequently travel and enjoy living an extravagant lifestyle. But if your spending patterns don’t align well with its benefits, other cards with lower annual fees might better suit your needs.
Chase Sapphire Preferred
The Chase Sapphire Preferred stands out as one of the top travel credit cards for seniors because it provides many valuable rewards and perks – for instance, its annual fee is only $95 and there is an initial sign-up bonus of 60,000 Chase Ultimate Rewards points when signing up!
Cardholders of the Chase Travel Portal earn 5x miles when purchasing travel, while 2x miles can be earned when dining out, streaming services and shopping online grocery stores (excluding Target, Walmart and wholesale clubs ). Furthermore, this card waives foreign transaction fees.
Chase Sapphire Preferred provides travel and rental car insurance as well as trip delay protection with no annual fee for authorized users. Additional perks include free use of DoorDash DashPass for one year as well as monthly statement credits of $10 towards GoPuff purchases through December 2023.
