How does Capital One Quicksilver travel insurance work?

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.

Capital One Quicksilver requires a “good” credit score of 700 or higher for approval. Capital One also considers applicants’ income and debt when making Quicksilver card approval decisions. With a $0 annual fee, unlimited 1.5% cash back on every purchase and a $150 signup bonus, Quicksilver is an excellent rewards card.… read full answer

If you don’t meet Capital One Quicksilver’s credit score requirements, the Capital One QuicksilverOne card is easier to get. QuicksilverOne has the same 1.5% cash back rate as Quicksilver, but with no signup bonus and a $39 annual fee. Applicants with limited credit have a shot at approval, though. And if you get the QuicksilverOne card, you can easily upgrade to Quicksilver once your score is higher.