Yes, Chase does offer travel insurance. The most common Chase travel insurance benefits are trip cancellation/interruption insurance and travel accident insurance. Some Chase credit cards also offer baggage delay insurance and emergency medical and dental insurance coverage. To be eligible for travel insurance coverage, you’ll need to pay for your travel using your … read full answerChase credit card.
Check the guide to benefits that came with your Chase card to see which types of travel insurance are included with your card. The guide will also show coverage amounts and other details on each of your travel insurance benefits.
Chase trip cancellation insurance covers travel cancellations and interruptions due to covered reasons, such as illness or severe weather. Maximum reimbursement for cancelled or interrupted travel will depend on which Chase credit card you have, and it can range from $5,000 to $10,000 per trip.
To qualify for Chase trip cancellation insurance coverage, your trip must be paid for with an eligible Chase credit card or with rewards earned on that card. The trip must also be cancelled or interrupted for a covered reason to qualify for coverage.… read full answer
Here's what you need to know about Chase trip cancellation/interruption insurance:
Overview: Chase trip cancellation/interruption insurance covers qualifying unforeseen circumstances that lead to interrupted travel arrangements or their cancellation. Travel arrangements must be paid for with an eligible Chase credit card.
Who is covered: Cardholder and immediate family members.
How much is covered: Up to $5,000 per person and a maximum of $10,000 per trip, depending on the credit card.
What is covered: Unforeseeable circumstances that lead to the cancellation or interruption of travel arrangements paid for with an eligible Chase credit card. Examples include accidental bodily injury, sickness or death, severe weather, acts of terrorism, jury duty or subpoenas that cannot be waived or postponed.
What is not covered: Examples include pre-existing conditions, traveling against doctor's orders, changes in plans or financial circumstances or trips exceeding 60 days.
How to claim: You can call your Benefit Administrator at (888) 320-9961 or submit your claim online within 20 days of your trip cancellation or interruption incident. Based on the information given to your benefit administrator, you'll be sent the relevant claim forms that must be completed and returned within 90 days (or as soon as reasonably possible).
Credit card companies frequently change cardholder benefits like trip cancellation insurance, and many issuers have dropped this benefit recently. Before relying on this benefit, call the number on the back of your Chase card to make sure your card is covered.
Travel credit cards work just like any other rewards credit card, though they tend to reward cardholders more for making travel-related purchases than anything else. The points or miles that travel credit cards provide are also usually worth more when redeemed for travel, compared to other redemption methods. Plus, travel credit cards commonly offer features such as travel insurance, no foreign transaction fee, airport lounge access, and reimbursement for TSA PreCheck/Global Entry application fees.… read full answer
Travel rewards credit cards offer rewards in one of two currencies: miles or points. There isn’t much of a difference between the two, but miles are more frequently used in the context of airline rewards, while points are often associated with hotels. On that note, co-branded travel cards tend to give higher rewards rates and special perks with specific airline and hotel brands, while non-cobranded travel cards don’t favor any particular brand but give good rewards on travel purchases in general.
How Travel Credit Cards Work
They often reward you more for travel.
Travel purchases are usually going to be a lot more profitable rewards-wise than other types of purchases. For example, Chase Sapphire Preferred gives 5 points per $1 spent on travel purchased through Chase, 2 points per $1 on all other travel purchases, 3 points per $1 on dining and online grocery purchases, 3 points per $1 on select streaming services, and 1 point per $1 on all other purchases. But this isn’t true for every card. Capital One Venture, for instance, gives 2 miles / $1 on almost all purchases.
Travel redemption is usually the best value.
In most cases, you don’t have to spend your rewards on travel, but the credit cards companies give big incentives for you to do so. Take Chase Sapphire Preferred, for example. You get 25% more value from your points when you redeem them for travel.
No foreign transaction fees.
Very few travel cards will charge you extra for using your card abroad or with foreign merchants online. But you should check your cardholder agreement just to be sure.
There may be booking restrictions.
Some travel cards, like Capital One Venture, pride themselves on rewarding you equally for any type of travel, no matter where you book it. But other cards, especially airline or hotel cards, may only give travel-specific rewards rates if you book directly through the issuer.
You may need at least good credit.
Travel rewards cards are typically available only to people with good or excellent credit. You should shoot for a credit score of 700+ for cards that require good credit and 750+ for excellent credit.
You’ll often get travel insurance & other perks.
Travel insurance is a big plus. Some cards will cover you for trip cancellation, delays or accidents. Many travel credit cards still offer rental car insurance, too, though many regular credit cards have dropped that benefit. Certain cards, generally those with annual fees, also give you a yearly credit toward airline or travel purchases. You may even get other perks like free airport lounge access and the ability to transfer your points or miles to hotel and airline loyalty programs.
So if you travel frequently, getting a travel credit card is a good idea. After all, you might as well get rewarded for trips you’d go on anyway.
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