Does Capital One Platinum have travel insurance?

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 that you need for the Capital One Platinum Credit Card is at least 640. 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.

Other Capital One Platinum Approval Requirements

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, right here on WalletHub.