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Credit cards that offer travel medical insurance provide emergency medical coverage during trips, giving cardholders peace of mind when travelling. While travel medical insurance is not a common feature on credit cards, some notable cards do offer coverage. These include Chase Sapphire Reserve, Chase Sapphire Preferred, Visa credit cards, American Express, and the Bank of America Premium Rewards Elite credit card. The coverage provided by these cards typically includes protection against lost luggage, trip cancellation, trip delays, rental car damage, and accidents resulting in injury or death. However, it's important to note that credit card travel medical insurance may have lower coverage limits compared to standalone travel insurance policies, and some types of problems may not be covered.
| Characteristics | Values |
|---|---|
| Credit cards offering travel medical insurance | Chase Sapphire Reserve, Chase Sapphire Preferred, American Express, Visa, Bank of America Premium Rewards Elite, World Master Card, USBAR, Marriott card, Ritz card |
| Coverage | Emergency medical evacuation, accidental death or dismemberment, rental car damage or theft, trip cancellation, trip delay, lost luggage, medical emergencies |
| Cost | Chase Sapphire Reserve charges a $550 annual fee; Chase Sapphire Preferred offers up to $50 in statement credits for hotel stays purchased through Chase Travel; Visa card travel insurance doesn't cost extra; American Express allows you to pick and choose the coverage you want, and a quote is processed based on your age, trip expense and days traveling |
| Other | Credit card travel insurance may not be sufficient for international travel or large amounts of prepaid expenses; coverage limits may be low and some types of problems may not be covered; may not need a separate, standalone policy if you already have credit card travel insurance; may make sense to use credit card insurance for domestic and short international trips |
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What You'll Learn
Chase Sapphire Reserve card
The Chase Sapphire Reserve card offers a wide range of travel insurance benefits, providing peace of mind for cardholders. Here are the key features:
Emergency Medical and Dental Coverage
The card offers emergency medical and dental benefits, which can be crucial during unexpected situations while travelling. This coverage includes emergency evacuation and transportation costs if you or a covered traveller falls ill or gets injured more than 100 miles from home. This benefit provides up to $100,000 in coverage.
Travel Accident Insurance
The Chase Sapphire Reserve card provides travel accident insurance, which covers accidental death or dismemberment. The coverage amount is $500,000, but it increases to $1,000,000 when travelling by common carrier (motorized vehicles operated by transportation companies). This benefit also applies to loss of life, limb, sight, speech, or hearing.
Trip Cancellation and Interruption Insurance
If your trip is cancelled or interrupted due to sickness, severe weather, or other covered situations, you can claim reimbursement for prepaid, non-refundable travel expenses. This includes passenger fares, tours, and hotels. The coverage is up to $10,000 per covered traveller and $20,000 per trip, with a maximum of $40,000.
Baggage Delay and Lost Luggage Reimbursement
The card offers reimbursement for essential purchases during baggage delays over six hours, up to $100 per day for five days. Additionally, if your checked or carry-on baggage is lost, damaged, or stolen, you can claim reimbursement of up to $3,000 per covered traveller.
Auto Rental Coverage
The Chase Sapphire Reserve card provides primary rental car insurance, which means you don't need to file a claim with another insurance company first. It covers theft and collision damage for rental cars in the US and abroad. The coverage is up to $75,000, and you can save money by declining the rental company's collision insurance and charging the rental cost to your card.
Other Travel Perks
The card also offers a range of other travel perks, including statement credits, access to luxury properties and exclusive events, VIP access, complimentary breakfast, no foreign transaction fees, and earning points on purchases. The points can be redeemed for travel bookings, making your trips more rewarding.
While the Chase Sapphire Reserve card offers comprehensive travel insurance benefits, it's important to note that credit card travel insurance may not replace a standalone travel insurance policy for certain situations. It is always a good idea to review the specific terms and conditions of the card's travel insurance coverage to ensure it meets your needs.
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Visa credit cards
Visa offers travel insurance on its premium cards, including Visa Platinum, Visa Signature, Visa Infinite, Visa Platinum Business, and Visa Signature Business. This insurance is only valid for foreign trips. Holders of these cards will be automatically insured when travelling and can benefit from a range of features, including:
- Trip cancellation coverage
- Trip delay reimbursement
- Lost or damaged luggage reimbursement
- Rental car insurance
- Medical evacuation coverage
- Travel accident insurance
It is worth noting that some of the benefits offered by Visa may overlap with those provided by Mastercard or American Express. For example, Mastercard also offers minimal benefits, such as trip cancellation, trip delay, and auto rental coverage. Similarly, American Express provides car rental insurance, baggage insurance, trip delay insurance, trip cancellation and interruption insurance, and travel accident insurance.
In addition to Visa, there are several other credit cards that offer travel insurance. The Chase Sapphire Reserve card, for instance, offers comprehensive travel insurance, including emergency medical and dental coverage, alongside other benefits such as an annual $300 travel credit. The U.S. Bank Altitude Reserve Visa Infinite card is also a good option for those seeking statement credits.
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American Express
However, it is important to note that American Express credit cards do not provide emergency medical coverage. This is typical of travel credit cards, as the travel insurance perks they offer are limited in this area. If you are seeking emergency health coverage while travelling, it is recommended to purchase a separate medical insurance policy.
Additionally, American Express credit cards with lower annual fees, such as the Hilton Honors American Express Surpass® Card, offer higher limits on lost luggage coverage of up to $3,000. Trip delay reimbursement is also provided, with the Platinum plan offering up to $300 per day and a maximum of $1,000 per trip.
To be eligible for travel insurance coverage through American Express, cardholders must use their credit card to pay for their travel expenses and eligible items. This includes paying for the full amount of the outbound ticket for flights, cruises, buses, or trains to the destination.
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Bank of America Premium Rewards Elite credit card
Credit cards that offer travel medical insurance provide peace of mind and ensure you're prepared for emergencies while enjoying your trip. The Bank of America Premium Rewards Elite credit card is a premium travel card that offers several luxury perks. Its $550 annual fee puts it in direct competition with other premium credit cards such as the Chase Sapphire Reserve and The Platinum Card from American Express.
The Premium Rewards Elite card provides free lounge access and a range of travel credits. However, it falls short of its competitors in terms of travel transfer partners. It has none, which means cardholders are limited to travel purchases from within the Bank of America travel portal. This restriction may be acceptable to some consumers, especially those already using other Bank of America services such as credit cards, bank accounts, and investment accounts.
The travel medical insurance benefits offered by credit cards typically apply to the cardholder, their partner, and their dependent children, as long as the travel fare is charged to the card. The benefits are usually administered by the card's payment network, and coverage amounts can vary. For example, the Chase Sapphire Reserve card offers up to $1 million in coverage for travel accidents when you pay for your trip with the card. This includes emergency medical and dental coverage.
Other credit cards, such as the Chase Sapphire Preferred card, offer travel insurance that covers lost or delayed luggage, accidents resulting in injury or death, and cancelled trips. These policies usually cover the cardholder and their immediate family, as long as the trip is paid for with the card. American Express also offers travel insurance benefits, including car rental insurance, baggage insurance, trip delay insurance, and trip cancellation and interruption insurance.
While credit cards can provide automatic travel medical insurance, it's important to understand the key differences between this coverage and a separate travel insurance plan. Claims limits tend to be much higher with a standalone policy, and comprehensive travel insurance can be tailored to include specific activities and high-risk regions. Therefore, it's a good idea to check the benefits offered by your credit card before assuming the coverage provided.
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Delta Reserve vs. American Express Platinum Card
If you frequently fly with Delta Air Lines and are looking for a premium card with lounge access and generous travel benefits, you may be considering either the Delta SkyMiles® Reserve American Express Card (Delta Reserve) or The Platinum Card® from American Express (Amex Platinum Card). Both cards offer Delta lounge access and a host of travel and consumer insurance benefits, but there are some key differences to note when it comes to travel insurance.
Delta Reserve
The Delta Reserve card provides trip protections and benefits that can save you money and provide assistance when things go wrong during your travels. It offers trip cancellation and interruption insurance, trip delay insurance, and baggage insurance plans. The card also includes secondary car rental insurance and cell phone protection. In the case of trip delays of 6 hours or more, you could receive up to $500 in reimbursement for incidentals, with a maximum benefit of $10,000 per trip and $20,000 per calendar year. Baggage insurance coverage can be up to $1,250 for carry-on baggage and $500 for checked baggage, in addition to any coverage provided by the common carrier. For New York state residents, there is a $10,000 aggregate maximum limit per covered trip. Additionally, the Delta Reserve card provides emergency medical transportation assistance at no cost if approved and coordinated by the premium global assist hotline.
Amex Platinum Card
The Amex Platinum Card also offers trip cancellation and interruption insurance, trip delay insurance, and baggage insurance plans. It includes secondary car rental insurance and provides access to the Fine Hotels + Resorts Program. The card offers a travel assistance service, Premium Global Assist Hotline, which can provide emergency medical and legal referrals, as well as assistance with customs and passport information. The baggage insurance coverage limits are $3,000 for baggage in-transit to/from a common carrier, $3,000 for carry-on baggage, $2,000 for checked luggage, and $1,000 for high-end items. The Platinum Card from American Express provides emergency evacuation coverage, but the Premium Global Assist Hotline determines what is considered adequate medical care and decides how and when you're evacuated and which hospital you're evacuated to. It's important to note that the Platinum Card doesn't offer medical or dental coverage, so cardholders are responsible for all medical bills incurred during their trip.
In summary, both the Delta Reserve and the Amex Platinum Card offer similar travel insurance benefits, but the Delta Reserve may offer slightly higher coverage limits for trip delays and baggage insurance, depending on the specific circumstances. On the other hand, the Amex Platinum Card provides access to the Fine Hotels + Resorts Program and includes a more extensive Premium Global Assist Hotline service. It's important to carefully review the terms and conditions of each card to understand the specific coverage and benefits included.
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Frequently asked questions
Some credit cards that offer medical travel insurance include Chase Sapphire Reserve, Chase Sapphire Preferred, Visa, and American Express.
Medical travel insurance covers emergency medical costs if you get sick and need treatment overseas. It also covers medical evacuation, which includes the cost of being moved to another hospital for treatment.
Credit card medical travel insurance typically has lower claims limits and may not cover certain high-risk activities or regions. Standalone policies can be tailored to include these additional coverages, and generally provide wider coverage.
