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Even the most well-planned vacation can go wrong, due to factors out of your control. Your luggage could get lost. Your trip could get canceled due to bad weather. You or someone in your party could get sick or injured.
The good news? Your credit card can help ease some of the uncertainties. Many credit cards offer travel insurance and other travel assistance that can give you peace of mind when planning your vacay—as long as you book your travel with that card. Benefits may include trip cancellation or interruption protection, baggage delay or lost luggage reimbursement, travel assistance, travel accident insurance and emergency medical coverage.
Here, we highlight three cards that offer travel insurance benefits. Choose one that suits your needs.
Chase Sapphire Preferred® Card
When it comes to travel benefits, you can't beat Chase Sapphire Preferred®. While you'll pay a $95 annual fee for the card, it comes with a bevy of travel protections that make the fee worthwhile. For example, you can be reimbursed up to $100 per day for up to five days if your baggage is delayed more than six hours. And if your luggage is damaged or lost altogether, you can be awarded up to $3,000 per passenger.
Trip delayed? You're eligible for up to $500 per ticket if you're delayed more than 12 hours or require an overnight stay. If your trip is canceled altogether, you can get up to $10,000 per trip for prepaid, nonrefundable travel expenses. Travel accident insurance also covers accidental death or dismemberment up to $500,000.
Finally, you can decline your rental car company's collision insurance in peace as long as you charge the entire rental cost to your card. Chase offers primary car insurance coverage and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most rental cars in the U.S. and abroad.
Don't want to pay an annual fee? Chase Freedom® is a solid rewards card that also offers some good travel insurance benefits. You're covered for up to $5,000 per trip on any prepaid and non-refundable travel expenses in the event your trip is cancelled. If your luggage is damaged or lost, you're eligible for up to $3,000 reimbursement per traveler.
And you're also covered for up to $250,000 for accidental death or dismemberment on common carriers. As for rewards, you'll earn 1% back on all purchases and 5% back on up to $1,500 in combined purchases in bonus categories each quarter you activate.
The Platinum Card® From American Express
The Platinum Card® from American Express is an ultra premium card: It comes with a hefty $550 annual fee. But it also offers some impressive benefits, like 5 Membership Rewards® points per $1 spent on flights booked directly with airlines or with American Express Travel, as well as on prepaid hotels booked on amextravel.com. You can travel in luxury thanks to access to the Global Lounge Collection, which includes proprietary lounge locations around the world.
The $200 annual airline fee credit and $100 in annual statement credits at Saks Fifth Avenue help defray the cost of the annual fee. The card also helps cover the cost of medical evacuation, in case you're hurt or injured on a trip and need to be taken to another location or facility to receive treatment. AmEx will cover the transportation fees to be taken to a "more appropriate medical facility or to a hospital near the person's home." The determination must be made by a designated physician from the card's Global Assist Hotline. You're also covered for up to $3,000 per traveler on lost or damaged baggage.
Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer or other company, and have not been reviewed, approved or otherwise endorsed by any of these entities. All information, including rates and fees, are accurate as of the date of publication.