If you’re planning a trip, search for credit cards with comprehensive travel protections such as trip cancellation/interruption coverage, lost luggage reimbursement and secondary car rental coverage.
Understand your coverage terms and limits before purchasing travel insurance policies, for instance most card travel policies won’t reimburse if your trip is canceled due to coronavirus or monkeypox infection.
Visa
Visa offers several credit cards with trip cancellation insurance coverage. As coverage amounts and terms differ depending on which card is chosen, be sure to review each policy to make sure it fits your travel needs. In general, trip cancellation and interruption coverage reimburses travelers when an unexpected loss arises, such as weather, jury duty obligations or military duties that are covered – including anything from weather related cancellations to jury duty obligations and even military obligations.
Stand-alone trip cancellation policies may supplement what your credit card provides, though these tend to be more costly. For instance, premium cards such as Amex Platinum provide trip cancellation and interruption insurance as part of its benefits package; such as airport lounge access, complimentary elite status status and generous statement credits – more details on these can be found here.
Mastercard
Visa and MasterCard are two major credit card networks, each offering its cardholders unique advantages and perks. From complimentary rental car insurance coverages and benefits, to exclusive travel perks and discounts. However, coverages and limits on individual cards may differ significantly.
Credit cards with travel cancellation insurance often provide both trip cancellation and trip interruption coverage. Under these policies, non-refundable prepaid travel expenses incurred due to illness, weather events, jury duty obligations or military service commitments may be reimbursed as reimbursement by this policy.
While the exact coverages and limits on credit cards can vary widely, most generally provide basic coverage for rental car damage, lost luggage, trip cancellation and interruption, as well as trip delay/cancellation/interruption. You should always review the terms and conditions carefully to make sure your policy meets your individual travel needs; otherwise additional protection may need to be purchased separately.
American Express
American Express offers several premium travel cards with comprehensive travel protections such as trip cancellation insurance. American Express’ policy reimburses up to $10,000 per person and $20,000 per trip for nonrefundable prepaid reservations that have to be cancelled under covered circumstances – please consult your card’s Guide to Benefits for terms and conditions.
Recently, American Express added to its Platinum cards a provision covering cancellations due to COVID-19 or monkeypox, trip delays caused by jury duty or subpoenas that cannot be postponed or waived, or standing orders that cannot be postponed or waived – these coverages supplement existing complimentary coverage that’s already provided as standard and available to current and potential cardholders alike – find more details in WalletHub’s guide of best credit cards with travel insurance here.
Chase
Chase and Amex credit cards provide excellent travel cancellation insurance coverage, including emergency evacuation transportation coverage.
While most travel card holders hope never to need this benefit, it can come in handy should your trip need to be altered or cancelled unexpectedly. Some Chase Freedom cards provide reimbursement of common carrier expenses in such instances.
Chase cards with travel insurance options include the Chase Sapphire Preferred card and Reserve card, both offering coverage for lost luggage, trip cancellation/interruption/cancellation costs as well as travel delay coverage which reimburses for delays that exceed six hours – these coverages could save thousands in costs so be sure to consider them for maximum enjoyment on your next vacation experience!
