Best Credit Card for Travel Insurance Ranked

Chase Sapphire Preferred travel insurance covers up to $10,000 per person in case of trip cancellation or interruption and $20,000 per trip for non-refundable prepaid travel expenses. You can also claim up to $500 per person if your trip has been delayed for more than 12 hours.

If your baggage has been delayed, you can also claim $100 per day for baggage delay up to 5 days. This coverage is activated after 6 hours of not getting your baggage. In case your baggage is lost or damaged, every person covered in the policy can claim $3,000. You can claim only up to $500 for jewelry and watches, cameras, and other electronic equipment.

In case of accidental death or dismemberment during the trip, you are eligible for $100,000. Chase Sapphire Preferred benefits also include primary coverage for rental cars that have been involved in a collision or were stolen. The coverage is up to the actual value of rental cars if the car is rented for 31 days or less.

Chase Sapphire Preferred is a great card for a usual family as it also provides you the benefit of transferring the Chase Ultimate Rewards points you have earned with no-annual-fee cards to Chase’s travel partner. This is the most affordable card for families who want to use travel miles.

Chase Sapphire Reserve card provides trip interruption and trip cancellation insurance up to $10,000 per person, and $20,000 per trip for non-refundable prepaid trip expenses, and $40,000 per year. If there is a delay for 6 hours or more, each covered person will be reimbursed $500 per ticket.

It also provides you $100 coverage for up to 5 days if your baggage has been delayed more than 6 hours. In case your baggage is lost or becomes damaged, every person covered in the policy can claim $3,000. You can claim only up to $500 for jewelry and watches, cameras, and other electronic equipment.

This is pretty much everything covered by the Chase Sapphire Preferred card. The Chase Sapphire Reserve travel insurance card offers medical evacuation benefits for up to $100,000 on a trip for 5 to 60 days if you are traveling more than 100 miles away. It also offers $100,000 in case of travel accidents that result in dismemberment or death and up to $1,000,000 for common carrier travel.

It also offers you $2,500 for medical and dental benefits less $50 deductible as well as rental car coverage of up to $75,000 on rentals 31 days or less.

As you can see, this card offers very comprehensive coverage but it comes at a higher price.

American Express Platinum card travel insurance includes cover for trip cancellation and interruption for up to $10,000 per trip and up to $20,000 per card per 12 month period for non-refundable prepaid travel expenses. You can also claim up to $500 per covered trip for trip delays and up to two claims per one year period if the delay of 6 hours or more is from a common carrier.

You are also eligible to claim $3,000 for lost or damaged carry-on baggage and up to $2,000 for checked baggage, and $1,000 per traveler for high-risk items. American Express Platinum travel insurance will also be provided emergency medical transportation at no cost if the Premium Global Assist Hotline deems it is necessary to move the patient. You must be traveling more than 100 miles on a trip of 90 days or less.

You can also claim rental car coverage of up to $75,000 of the rental is for 30 days or less.

Wells Fargo Visa Signature card is unique in that it has no annual fee. It also does not offer sign-up bonuses which can translate into a lot of saved dollars for clients. 

For travelers, the Wells Fargo credit card travel insurance offers 50% more value if its points are redeemed to buy air tickets. It offers trip cancellation for up to $2,000 per person for non-refundable costs. If your luggage is lost or damaged, it can reimburse up to $3,000 per trip. It also offers secondary auto insurance for rental car collision or theft.

With its Visa Signature Luxury Travel Collection, the card includes room upgrades, $25 food and beverage credit, complimentary Wi-Fi, 3 pm late checkouts, and daily continental breakfast.

It also protects covered items for 90 days due to vandalism, theft, weather conditions, or water damage. It covers cell phone theft or damage expenses by offering up to $600 per claim less $25 deductible, with a $1,200 cap per 1 year period.

This is a great card for those who want to earn rewards on every purchase.

With the Capital One Quicksilver Cash Rewards credit card, travelers do not have to pay the 1% to 3% transaction fee for purchases made outside of the US. It also offers new members the Mastercard World Elite benefits that can protect travel experiences and purchases. 

If you have paid for your airfare with the card, you will be eligible to reimburse $1,500 per trip in case of trip cancellation or interruptions. The card may also cover you and your eligible family members up to $100,000 for travel accidents and you may also be eligible for transport to and from the airport.

If your baggage is delayed for more than 4 hours at another place, you will have secondary coverage of up to $100 for 3 days for essential items. The Capital One Quicksilver travel benefits also offer coverage for auto rental collision damage up to a certain amount.

The card has 24/7 travel and emergency assistance services which can connect you to local emergency services and resources, like roadside assistance.

The Capital One Venture Rewards is one of the top travel insurance credit cards in the market, which has an edge over other travel insurance due to its high travel accident coverage. In case of accidental dismemberment or death during travels, the Capital One Venture one offers you coverage of up to $250,000, as long as you paid the fare with the Venture One Card.

Additionally, you are given further protection when traveling abroad as you won’t be charged foreign transaction fees. This Capital One credit card travel insurance also covers secondary car rental insurance in case of vandalism and theft of a rental car. You also get 24/7 travel assistance.

This is a great card for travelers who are moderate spenders but want to earn rewards on their spendings.

Ink Business Preferred credit card offers comprehensive credit card trip insurance that can reimburse up to $5,000 per person and up to $10,000 per trip for trip cancellation and trip interruption. It covers trip delays up to $500 per ticket if your trip is delayed for over 12 hours or requires you to stay overnight.

In addition, with the Ink Business Preferred card, you may also be eligible for up to $100 reimbursement per day for up to 5 days if a common carrier delays your baggage for more than 6 hours. It also covers lost or damaged baggage up to $3,000 per passenger, but only up to $500 for jewelry and watches as well as cameras and electronic equipment.

The credit card also covers accidental death or dismemberment for up to $100,000 and up to $500,000 for common carriers per trip. You may also be eligible for primary rental car coverage up to the actual cash value of the car if it has been rented for 31 days or less.

Another major benefit of this card is that you will not be charged any transaction fees outside of this business.

As it stands, the Ink Business Preferred credit card is meant for small business owners, for whom travel is an integral part of growing their business, and who require a decent amount of credit card travel protection.

With the Bank of America Travel Rewards credit card, you can reimburse up to $50,000 per person on trip cancellation and trip interruption, plus $500 per ticket if the trip is delayed for 12 hours or more.

The Bank of America Travel Rewards credit card provides coverage for baggage delay up to $100 for 5 days if the delay is for 6+ hours. Additionally, it also provides coverage if your baggage goes missing or is stolen. It also includes secondary rental car insurance.

Another major benefit of this card is that it provides medical services and evacuation if you or your immediate family member becomes sick away from home.

Travel benefits also include a $100 incidental airline fee credit that can be used every year. You can also get up to $100 in credit every four years for TSA PreCheckor Global Entry.

However, its major drawback is that it requires at least a $20,000 deposit in the bank to use it, and if you want to avail the 75% tier reward, you need at least $100,000 in the bank. That is why Bank of America credit card travel insurance is only best for high-saving Bank of America customers.

The Costco Anywhere Visa card by Citi is an “open-loop” credit card, which means you can use it anywhere, not just on Costco purchases, and get a whole lot of rewards for it.

Some of the benefits that travelers reap from the Costco card are Damage and Theft Purchase Protection, which can compensate or repair your purchases made with the card if you report them damaged or stolen within 90 to 120 days, depending on which state you live in. It also offers an extended warranty to its customers.

Additionally, it offers you huge rewards like 4% cashback on gas cost if you spend over $7,000 in a single year and a 3% cashback on travel and restaurant. It helps you avoid transaction fees too.

The Costco Anywhere Visa card offers credit card travel insurance coverage, including trip cancellation and trip interruption coverage. It has great travel accident coverage which could insure each family member for up to $500,000 if you get injured during a trip.

It gave lost baggage insurance for up to $3,000. Unfortunately, Citi cut out these insurances as of September 2019.

Still, the card offers a decent amount of rewards for people who are Costco customers.

With the Alaska Airlines Visa Signature credit card, you don’t get actual insurance but a lot of perks and rewards. You get the first checked bag free on the Alaska Airlines flight as well as for 6 other passengers on the same flight. It offers you 20% cashback on in-flight purchases such as food and Wi-Fi made on Alaska Airlines flights.

With Alaska Airlines credit card travel insurance, you are not required to pay a surcharge for foreign transactions or charge a cancellation or change fee 60 days before travel. You are also eligible for 50% off day passes for lounge access.

In addition, Alaska Airlines miles are worth 1.2 cents when redeemed on domestic flights, but you may be able to get more depending on how the miles are redeemed. 

You can also earn more miles by flying on Alaska Airlines and partner airlines. You will earn 1 mile for every mile flown.

You can also get bonuses, depending on your flyer loyalty status and fare class. For example, a coach flyer who wanted to fly on a 500-mile trip on Alaska Airlines would earn 1,200 miles from using this travel protection credit card and 500 miles for flying on the Alaska Airlines.

The United Airlines United Explorer card offers some of the nicest travel insurance and benefits for a co-branded airline rewards card.

You can make a credit card claim for canceled flight as well as an interruption for up to $1,500 per person and up to $6,000 per person for non-refundable prepaid travel expenses. It offers up to $500 as trip delay insurance if a common carrier is delayed for 12+ hours.

It provides baggage delay reimbursement up to $100 for 3 days if the baggage is delayed for over 6 hours. It is one of the few credit cards which gives a primary waiver for auto rental collision damage up to the cash value of the vehicle in the U.S. and abroad.

Plus it comes with a whole host of perks like complimentary Premium Upgrades on award tickets, priority boarding, two one-time United Club passes every year, visa concierge, and 25% cashback on in-flight purchases on United Airlines.

You also get up to $100 Global Entry/TSA PreCheck fee credit as well as a free first checked bag when you make a purchase with the card.

All in all, this card provides comprehensive benefits for United Airline flyers and is one of the best credit cards for travel insurance.