You’ve thought about credit cards, but have you thought about ones that offer you travel insurance? As a traveler looking to add another credit card to your collection, your priority will in most cases revolve around points and miles. However, this is not the only advantage of travel credit cards.
Why get a Credit Card with Travel Insurance?
These credit cards offer protection in case of an emergency, reimbursement in case of delayed trips, and so much more.
Most travel credit cards go beyond offering miles and points. If you use your card wisely, it will be your best travel partner. Traveling with the security of a travel credit card will help give you peace of mind and help you enjoy your trip more! Here are the top 5 credit cards that offer the best travel insurance benefits.
Chase Sapphire Reserve Credit Card
This credit card was first launched in 2017, and it’s one of the most popular cards used by frequent travelers. If you use this card to pay for your itineraries, you will receive several benefits. You will be reimbursed with $10,000 if your trip gets canceled. You also receive $500 if your flight is lost or delayed for more than 6 hours.
What’s more, if the primary cardholder is not traveling, these benefits are transferred to the immediate family member. However, you must pay for your trip using this credit or the points accumulated overtime for these benefits to be valid.
Chase Sapphire Preferred Credit Card
This card is the best for trip cancellations. With an annual fee of just $95, this card has become popular among so many travelers. It comes with $10,000 as trip cancellation benefits. This covers pre-paid trips, tours, or vacations purchased using this card.
Other covered incidents include illness, catastrophic events, death, hijacking, and severe weather, among other things. You will also receive emergency assistance and baggage delay assistance as you travel.
Citi Prestige Credit Card
This credit card is best for baggage delay. You will receive up to $500 in baggage delay benefits per person, per trip, if your luggage is delayed. Also, the benefits will only be valid if you purchase your trip using this card or using points earned on your card.
As a pro tip, before you start shopping, understand your limits, because these benefits do not cover anything that was not in the lost or delayed luggage.
Chase Ink Business Preferred
This card is also best for baggage loss incidents. In case your luggage gets lost in an airline, train, or any cruise line, you will receive a whopping $3,000 in reimbursement. Chase Ink Business Preferred Credit Card also offers phone coverage benefits. If a traveler loses a cellphone or it gets damaged, they receive benefits for a new phone.
American Express Platinum Credit Card
Are you worried that you might get involved in an accident while traveling? Well, get a hold of this credit card. We all know how costly it is to travel aboard an air ambulance. Why not do yourself a favor and apply for this credit card? There is a hotline available to coordinate medical evacuation from the point of injury. To qualify for this benefit, ensure you pay your trip using this credit card.
Whereas these benefits are appealing, this card comes with its limitations, such as $550 in annual fees, which is quite expensive compared to other cards, but of course, cheaper than medical evacuation.
Before applying for any travel insurance card, be sure you have understood all the terms and conditions. Call your bank to find out which card is best suited for you to avoid inconveniences on the road and enjoy your trip.