Yes, the Capital One Platinum card does have travel insurance benefits, the best of which are travel accident insurance and rental car insurance. To be eligible to file a travel insurance claim, you’ll need to pay for your travel using your Capital One Platinum card.
Types of Capital One Platinum Travel Insurance
Travel accident insurance: This insurance covers cardholders, their spouses and unmarried dependent children in the event of death or dismemberment during the trip or during transit.
Rental car insurance: This benefit covers the cardholder and eligible authorized drivers for damage to the rental vehicle that results from collision or theft.
Travel assistance services: This will provide you with travel information along with medical and legal referral assistance when you’re traveling 50 miles or more from home.
Roadside Assistance: Covers jump-starts, towing, fuel delivery and flat tire at pre-negotiated fees.
Exclusions and coverage limits apply to many of these benefits, so make sure to check your Capital One Platinum’s guide to benefits for more details on each type of insurance. You can also log in to your Capital One Platinum online account, select the “I Want To” menu and click “Read about Card Benefits.” To claim these benefits or request travel assistance services, you can call the MasterCard Assistance Center at (800) 622-7747.
Capital One credit card travel insurance covers car rentals and lost, damaged, or stolen luggage. It also covers you for death and injury when you travel as a passenger. You’re covered only if you make your travel purchases with a Capital One card.
Benefit availability and coverage limits vary among Capital One cards. Benefits may also differ depending on whether your Capital One card is on the Mastercard or Visa network. If you have a Capital One Visa Signature card, you’ll enjoy benefits such as travel concierge service, roadside assistance, and other travel perks in addition to what your Capital One card offers. Refer to your card’s Guide to Benefits for details.… read full answer
Here are the Capital One credit card travel insurance benefits:
Car rental insurance. Covered for damage and theft for up to 31 days when you purchase the entire rental on your Capital One card. Must also decline the rental agency’s insurance. Coverage includes towing to the nearest body repair shop. Covers most cars up to the full cash value. Vehicles not covered include, but not limited to trucks, motorcycles, RVs and luxury vehicles.
Travel accident insurance. Covers the cardholder and immediate family up to $250,000 if a travel accident causes death or dismemberment. Must pay for travel fare with a Capital One Visa Signature card to be covered. Policy covers accidents while traveling on a “common carrier.” Includes airplanes, trains, boats, buses, and other motorized vehicles or crafts.
Lost luggage reimbursement. Checked or carry-on luggage is covered up to $3,000 if lost, damaged, or stolen. Covered only for fares purchases with an eligible Capital One card. Items not covered include, but not limited to money and credit cards; eyeglasses and contact lenses; artwork; cell phones; and motor vehicles, equipment, and accessories.
Capital One credit card travel insurance can save you hundreds, if not thousands of dollars if an unforeseen event occurs while you’re traveling. Familiarize yourself with the terms of your benefits and confirm that you’re covered before you pay.
The credit score needed for the Capital One Platinum Credit Card is 640 or higher. The Capital One Platinum Credit Card is also available to people with limited credit history, which means you may be able to get approved even without a credit score.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Capital One Platinum Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Capital One Platinum credit score requirement. You can check your credit score for free on WalletHub.
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