Travel insurance is a crucial aspect of trip planning, ensuring peace of mind in the face of unexpected situations. While it may come at a cost, some of the best travel credit cards offer free built-in travel insurance benefits that can save you money and provide comprehensive coverage. Let's delve into the world of travel credit cards and explore the free travel insurance options they offer.
Which travel cards offer free travel insurance?
Not all travel credit cards provide travel insurance, but certain cards come with complimentary coverage when you use them to book your travel arrangements. These cards can automatically safeguard your flights, accommodations, and rental cars with generous insurance protections. Here are some of the top credit cards that offer free travel insurance benefits:
The Platinum Card® from American Express
Renowned for its premium perks in luxury travel, The Platinum Card® from American Express also includes valuable travel insurance benefits. By using this card to purchase a round trip, you can enjoy the following built-in travel protections:
- Trip cancellation and interruption insurance for eligible expenses up to $10,000 per trip and $20,000 per eligible card per 12-month period
- Trip delay insurance providing reimbursement for certain additional expenses in case of delays over six hours
(Terms and conditions apply)
Chase Sapphire Preferred® Card
With an affordable annual fee of $95, the Chase Sapphire Preferred® Card offers significant travel protections. When you book trips using this card, you are entitled to the following built-in insurance coverages:
- Trip cancellation/interruption insurance for prepaid travel expenses up to $10,000 per person and $20,000 per trip
- Trip delay reimbursement for expenses incurred due to delays over 12 hours
- Baggage delay insurance for out-of-pocket expenses in case of baggage delays
Chase Sapphire Reserve®
The Chase Sapphire Reserve® is a premium credit card offering enhanced travel protections for a higher annual fee of $550. In addition to the benefits provided by the Chase Sapphire Preferred® Card, it also includes the following comprehensive insurance coverages:
- Travel accident insurance with up to $1 million of coverage
- Lost luggage reimbursement up to $3,000 per passenger
- Emergency evacuation and transportation coverage
- Emergency medical and dental benefits
If you're planning international travel, it's essential to secure additional medical travel insurance, especially since standard health insurance may not cover overseas healthcare costs. For a comprehensive solution, investing in emergency medical travel insurance is advisable, providing coverage for medical expenses and evacuation when needed.
Final Thoughts
While purchasing travel insurance for each trip can be cumbersome, the best travel credit cards offer a seamless way to access travel protections. By choosing a credit card with complimentary insurance benefits, you can ensure that you and your loved ones are safeguarded against unforeseen events during your travels. Take advantage of these free travel insurance offerings and embark on your next adventure with confidence.