The 6 Best Credit Cards for Travel Insurance Coverage [May 2024]

Securing travel insurance has become a priority for many travelers, but most people don’t know that you can actually get a substantial amount of travel insurance and coverage just from your credit card!

That said, not all credit cards offer the same level of travel insurance benefits. Read on to see a breakdown of travel coverages and benefit levels by card, as each has widely differing benefits. We’re exploring the travel insurance coverages offered on a select group of popular travel rewards cards.

BUSINESS OWNER? See further below for our favorite business credit card picks!

Best Personal Cards (Top Picks)

Card	Welcome Offer	Summary	Annual Fee
Chase Sapphire Preferred®	Earn 75,000 points after spending $4,000 on purchases in the first 3 months.	Best Overall Value for Travel Insurance	$95
Chase Sapphire Reserve®	Earn 75,000 points after spending $4,000 on purchases in the first 3 months.	Best for Premium Travel Insurance	$550
The Platinum Card® from American Express	Earn 80,000 points after spending $8,000 on purchases in the first 6 months.	Best Amex Card for Travel Insurance	$695 (rates & fees)
Capital One Venture X Rewards Credit Card	Earn 75,000 miles when you spend $4,000 on purchases in the first 3 months.	Best Capital One Card for Travel Insurance	$395 (rates & fees)

1. Chase Sapphire Preferred^® Card (Best Overall Card, Best Sub-$100 Annual Fee Card)

Chase is a major credit card issuer known for offering a strong selection of travel insurance benefits on its cards. As one of our top recommended cards, the Chase Sapphire Preferred card comes with a long list of valuable benefits, including several travel insurance coverages.

Here are the major travel insurance coverages and protections you’ll get with this card:

• Auto Rental Collision Damage Waiver — Reserve and pay for your rental car with your card, decline the rental car agency’s collision damage waiver (CDW) or loss damage waiver (LDW), and receive primary car rental insurance coverage for damage or theft.
• Trip Cancellation and Trip Interruption Insurance — Purchase your trip with your card or rewards earned on your card and receive up to $10,000 per person, $20,000 per occurrence, up to a maximum of $40,000 within a 12-month period, when a covered event disrupts your trip.
• Trip Delay Reimbursement — If your trip is delayed for a covered reason for 12 hours or more, or overnight, you could receive reimbursement for up to $100 per day for necessary incidentals for up to 5 days.
• Lost Luggage Reimbursement — Receive up to $3,000 per covered person, per trip, for checked and carry-on baggage that is lost, stolen, or damaged.
• Baggage Delay — If your baggage is delayed 6 hours or more, you could receive reimbursement of up to $100 per day for 5 days for incidentals.
• Travel Accident Insurance — Should accidental death or dismemberment occur involving a common carrier and you purchased the trip with your card, you could receive up to $500,000 for common carrier travel accident insurance and up to $100,000 for 24-hour travel accident insurance.
• Roadside Dispatch — Pay a set pre-negotiated fee per service call to receive towing, tire changing, fuel, jump-starting, lock-out service, and more.
• Travel and Emergency Assistance Services — Receive assistance when traveling away from home with message relays, referral services for legal and medical assistance, emergency transportation, and more. Cardholders are responsible for the cost of actual services.

In addition to having a fine selection of travel benefits, the Chase Sapphire Preferred card stays at the top of our list for a lot of reasons.

• 5x points on Lyft (through March 31, 2025)
• 5x points on travel purchased through Chase Travel
• 3x points on dining, select streaming services, and online groceries
• 2x points on other travel
• 10% cardmember anniversary bonus based on total dollar amount spent
• $50 annual Ultimate Rewards Hotel Credit
• Redeem Ultimate Rewards points earned on the card for 1.25 cents each for travel via the Chase travel portal or transfer to airline/hotel partners for even greater potential value
• Purchase protection and extended warranty
• No foreign transaction fees

2. Chase Sapphire Reserve^® (Best for Premium Travel Insurance)

Want a premium travel rewards card delivering a collection of travel benefits that’s difficult to beat? The Chase Sapphire Reserve card might be a fit.

Here’s a sample of the premium travel insurance benefits you can expect on the card:

• Auto Rental Collision Damage Waiver — Pay for your rental car bill entirely with your card, decline the rental car agency’s CDW or LDW coverage, and receive primary car rental coverage for damage or theft.
• Trip Cancellation and Interruption Insurance — As one of the most valuable travel insurance coverages, trip cancellation/interruption insurance pays up to $10,000 per occurrence. Limits cap out at $20,000 per incident and $40,000 within a 12-month period.
• Trip Delay Reimbursement — If your trip is delayed for a covered reason for 6 hours or more, or overnight, you could receive reimbursement for up to $100 per day for necessary incidentals for up to 5 days.
• Lost Luggage Reimbursement — If your checked or carry-on luggage is lost, stolen, or damaged, you could receive up to $3,000 per person, per trip.
• Baggage Delay — If your baggage is delayed 6 hours or more, you could receive up to $100 per day in reimbursements for incidentals, for up to 5 days.
• Medical Evacuation Insurance — If you, or an eligible family member, become ill or injured when traveling, you could receive emergency transport coverage up to $100,000.
• Emergency Medical and Dental Benefit — Receive up to $2,500 for emergency treatment should you or an eligible family member become ill or injured when traveling 100 miles or more from home.
• Travel Accident Insurance — Pay for your trip with your card and receive up to $1,000,000 should accidental death or dismemberment occur.
• Roadside Assistance — Receive up to 4 free $50 service calls each year at no cost should your vehicle break down when away from home.
• Travel and Emergency Assistance Services — Make 1 phone call and receive medical or legal referrals, assistance with emergency transportation, and more.

While the Chase Sapphire Reserve card comes with a higher annual fee, the card could earn its place in your wallet if you spend a lot on travel, find value in worldwide lounge access, and will use the $300 travel statement credit.

See what’s great about the Chase Sapphire Reserve card outside of the travel insurance perks:

• Priority Pass Select membership with access to more than 1,300 lounge and lounge-alternative properties worldwide
• Redeem Ultimate Rewards points for 1.5 cents each via the Chase travel portal or transfer points at a ratio of 1:1 to airline and hotel partners for potentially greater value
• $300 statement credit for travel purchases each card anniversary year
• Global Entry, NEXUS, or TSA PreCheck application fee reimbursement as a statement credit
• 10x points on Lyft purchases (through March 31, 2025)
• 10x points on hotels, rental cars, and Chase Dining booked through Chase Travel
• 5x points on airfare purchased through Chase Travel
• 3x points on dining
• 3x points on other travel purchases
• Luxury hotel benefits via the Chase Luxury Hotel and Resort Collection
• Car rental status privileges with National, Avis, and Audi on demand
• No foreign transaction fees

3. The Platinum Card^® from American Express (Best Amex Card for Travel Insurance)

The Amex Platinum card is arguably the most popular travel rewards card. We like it because it earns valuable Membership Rewards points, offers flexible redemption options, and comes with plenty of statement credits for specific purchases.

When it comes to travel insurance benefits and protections, the Amex Platinum card is also a winner. Note that terms may apply and enrollment may be required, so make sure you check your American Express account to ensure you’re enrolled in your benefits!

Here’s what you can expect from the Amex Platinum card in the way of travel insurance benefits:

• Trip Cancellation and Trip Interruption Insurance — Receive up to $10,000 per covered trip, to a maximum of $20,000 within a 12-month period, should your trip be disrupted due to a covered event.
• Trip Delay Program — If a trip you paid for with your card is delayed 6 hours or more, you could receive up to $500 per trip, a limit of 2 claims per 12-month period, for necessary incidentals.
• Car Rental Loss and Damage Insurance — The card comes with secondary car rental insurance, which means you must file a claim with your own insurance first. However, cardholders have access to purchase Amex Premium Car Rental Protection for 1 low fee of $12.99 to $24.99 which covers the entire rental car period up to 42 consecutive days.
• Baggage Insurance Plan — Use your card to pay for your ticket and receive up to $2,000 for checked baggage and $3,000 for carry-on baggage, with a maximum combined total of $3,000 per person, $10,000 per trip if your bags are lost, damaged, or stolen.
• Premium Global Assist Hotline — Receive needed emergency assistance whenever you’re more than 100 miles from home. The coverage also includes emergency medical evacuation for the cardholder and qualifying family members with no specified dollar limit.

In addition to useful travel insurance benefits, the frequent traveler will receive elevated earnings on flights and prepaid hotels, travel-related and shopping benefits, flexible redemption choices, and statement credits for select purchases. Note that some benefits require enrollment through your American Express account.

What we like about the Amex Platinum card:

• Redeem points for 1 cent each for flights via Amex Travel
• Transfer Membership Rewards points to airline/hotel partners for potentially greater value
• Hilton Honors and Marriott Bonvoy Gold elite status
• Hertz, National, and Avis car rental perks and benefits
• Worldwide airport lounge access to over 1,400 properties including the Centurion lounge network
• Elite benefits at American Express Fine Hotels & Resorts and the Hotel Collection
• Statement credit for Global Entry or TSA PreCheck application fee
• Up to $100 statement credit for Saks Fifth Avenue purchases
• Up to $240 in digital entertainment credits every year
• Up to $200 in Uber Cash every year
• Up to $300 in Equinox credits every year
• Up to $200 in airline fee credits every year
• Up to $189 in CLEAR credits every year
• Purchase protection, return protection, cell phone protection, and extended warranty

4. Capital One Venture X Rewards Credit Card (Best Capital One Card for Travel Insurance)

The Capital One Venture X card is Capital One’s ultra-premium personal credit card. This card has a lot of benefits and features going for it, but it’s particularly noteworthy when it comes to travel protections:

• Auto Rental Collision Damage Waiver: Count on built-in auto rental coverage. Save money by saying no at the counter – rent with your covered Visa Infinite card and get built-in Auto Rental Coverage
• Trip Cancellation and Interruption: Add peace of mind to your itinerary
• Trip Delay Reimbursement: Anticipate delays when you purchase air travel with your covered Visa Infinite card, with Trip Delay coverage of up to $500 when you’re stuck for more than six hours or require an overnight stay
• Baggage Delay Reimbursement: Your bags are covered against common carrier-caused loss or theft with Lost Luggage Reimbursement

The Capital One Venture X card has other noteworthy benefits and rewards that can help level up your travel:

• 10x miles on hotels and rental cars booked through Capital One Travel
• 5x miles on flights booked through Capital One Travel
• 2x miles on other purchases
• 10,000-mile anniversary bonus after every renewal year
• Up to $300 Capital One Travel credit
• Global Entry or TSA PreCheck application fee statement credit
• Complimentary Hertz President’s Circle status
• Cell phone protection, return protection, extended warranty, and no foreign transaction fees (rates & fees)

2 Best Business Cards for Travel Insurance

Card	Welcome Offer	Summary	Annual Fee
Ink Business Preferred® Credit Card	NEW OFFER: Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months.	Best Overall Value Business Card for Travel Insurance	$95
The Business Platinum Card® from American Express	ELEVATED OFFER: Earn 150,000 points after spending $20,000 in eligible purchases within the first 3 months.	Best Premium Business Card for Travel Insurance	$695 (rates & fees)

1. Ink Business Preferred^® Credit Card (Best Overall Value)

The Ink Business Preferred card comes with the same travel benefits and protections as the Chase Sapphire Preferred card, with these exceptions:

• Trip Cancellation and Trip Interruption — The limit for these coverages on the Ink Business Preferred card is $5,000 per person, $10,000 per trip.
• Cell Phone Protection — Pay your cell phone bill with your card and receive $1,000 in cell phone protection with a $100 deductible.

You can also expect to enjoy these benefits:

• 3x earnings on travel, internet service/cable/phone, advertising on social media/search engines, and shipping (up to $150,000 in purchases each card anniversary year)
• 5x earnings on Lyft purchases through March 31, 2025
• Redeem points for 1.25 cents each via the Chase travel portal or transfer to airline or hotel partners for potentially greater value
• Visa Signature Luxury Hotel Collection benefits
• Purchase protection, extended warranty, and no foreign transaction fees

2. The Business Platinum^® Card from American Express (Best Premium Card)

Hot Tip: Check to see if you’re eligible for a huge welcome bonus offer of up to 170,000 points with the Amex Business Platinum. The current public offer is 150,000 points. (This targeted offer was independently researched and may not be available to all applicants.)

The Amex Business Platinum card comes with the same list of travel insurance benefits as the personal version of the card.

Its other features and benefits differ. As with the personal card, terms may apply and enrollment may be required to receive the stated benefits, so verify your enrollment in your American Express account.

Also, you’ll get these incremental benefits:

• Redeem Membership Rewards points for 1 cent each for flights via Amex Travel or transfer to airline/hotel partners for potentially greater value
• 35% rebate on qualifying airfare paid for with points
• Global Entry or TSA PreCheck fee statement credit
• Worldwide airport lounge access to over 1,400 properties including Centurion lounges
• Elite-level benefits at American Express Fine Hotels & Resorts and the Hotel Collection
• National, Avis, and Hertz car rental elite status and perks
• Up to $400 statement credit for Dell purchases
• Up to $360 statement credit for Indeed purchases
• Up to $150 statement credit for Adobe purchases
• Up to $120 in wireless statement credits
• Up to $200 airline fee credit

For the car rental collision damage coverage benefit of The Platinum Card^® from American Express, car rental loss and damage insurance can provide coverage up to $75,000 for theft of or damage to most rental vehicles when you use your eligible card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car rental loss or damage coverage is offered through American Express Travel Related Services Company, Inc. For the trip cancellation and interruption insurance and trip delay insurance benefits of The Platinum Card^® from American Express, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company. For the baggage insurance plan benefit of The Platinum Card^® from American Express, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. For the Premium Global Assist Hotline benefit of The Platinum Card^® from American Express, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. If approved and coordinated by Premium Global Assist Hotline, emergency medical transportation assistance may be provided at no cost. In any other circumstance, card members may be responsible for the costs charged by third-party service providers. For the cell phone protection benefit of The Platinum Card^® from American Express, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

For the car rental collision damage coverage benefit of The Business Platinum Card^® from American Express, car rental loss and damage insurance can provide coverage up to $75,000 for theft of or damage to most rental vehicles when you use your eligible card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car rental loss or damage coverage is offered through American Express Travel Related Services Company, Inc. For the trip cancellation and interruption insurance and trip delay insurance benefits of The Business Platinum Card^® from American Express, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company. For the baggage insurance plan benefit of The Business Platinum Card^® from American Express, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. For the Premium Global Assist Hotline benefit of The Business Platinum Card^® from American Express, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. If approved and coordinated by Premium Global Assist Hotline, emergency medical transportation assistance may be provided at no cost. In any other circumstance, card members may be responsible for the costs charged by third-party service providers. For the cell phone protection benefit of The Business Platinum Card^® from American Express, eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

For Hertz benefits of Capital One products, enrollment is required through Capital One website or mobile app. Upon enrollment, eligible cardholders will remain at upgraded status level through December 31, 2024.  Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at Hertz.com) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier.  Additional terms apply.

For Capital One products listed on this page, some of the above benefits are provided by Visa^® or Mastercard^® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

All information and content provided by Upgraded Points is intended as general information and for educational purposes only, and should not be interpreted as medical advice or legal advice. For more information, see our Medical & Legal Disclaimers.