Citi Costco Anywhere Visa trip cancellation & interruption insurance was discontinued on September 22, 2019. Citibank dropped the travel benefits from all of its credit cards then, not just the Costco Visa card’s trip cancellation/interruption benefit.
There are credit cards that still come with trip cancellation and interruption insurance, though not from Citibank. One such card with this benefit is the Chase Freedom card. It offers up to $1,500 in coverage per person and up to $6,000 per trip for you and your immediate family members. It kicks in when your fully-paid, nonrefundable passenger fare is cancelled or interrupted due to covered situations like illness or injury.
Here is what the Citibank credit card travel insurance covers:
… read full answerTravel Accident Insurance: It covers for death or dismemberment up to a certain amount. You just need to make sure the cost of your fare is charged to your eligible card.
Worldwide Auto Rental Insurance: Covers you up to $50,000, or the cash value of the car, whichever is less, for damage resulting from accidents or theft. The rental period must not be longer than 31 days and you must pay with your eligible card and decline the rental company’s collision loss/damage insurance. Coverage is secondary for domestic rentals and primary for international ones.
Roadside assistance: Call the 24/7 hotline for services such as towing (up to five miles), tire changes, jump starts, fuel delivery, and lockout assistance (no key replacement). There’s a flat fee each time you use this.
Travel and Emergency Assistance: If you need assistance before or during a trip, services are available 24/7 for emergency travel arrangements, travel issues, medical and legal referrals and much more.
Damage & Theft Purchase Protection: While not traditionally thought of as travel insurance, you also get protection from damage or theft of certain items purchased with your eligible card. If the item is damaged or stolen within 120 days (90 days for NY residents) of purchase, you may benefit from repairs or reimbursement up to $1,000 or the amount paid with your card/Costco credit card reward certificate, whichever is less. You are covered up to a maximum of $50,000 per year. Coverage is primary except for NY residents for whom it is secondary.
To file a claim, call Costco at (866) 918-4670 as soon as possible or sign on to Citi’s benefits web page to download a claim for submission. Claims and requested documents must be returned within 180 days of the covered event, in most cases.
While Citibank’s travel insurance only covers the Costco Credit Card and Costco Business Credit Card, you can get a better picture of the best credit cards with travel insurance right here on WalletHub.
The Costco Credit Card travel benefits include 3% cash back rewards on travel purchases, travel insurance, roadside assistance and various other perks. Together, these factors make the Costco Credit Card a solid choice for travel, especially domestically.
Costco Credit Card Travel Benefits
3% to 4% cash back in key spending categories.… read full answer You’ll get 3% cash back at restaurants and on other eligible travel expenses (airfare, hotels, car rentals, cruises, etc.). You’ll also earn 4% cash back on the first $7,000 you spend on eligible gas every year and 1% thereafter. So both big and small travel costs get great earning rates. All other purchases earn just 1% back (or 2% at Costco itself).
0% foreign transaction fee.
Travel accident insurance. This covers you up to $250,000 for death or dismemberment. You need to charge the cost of your fare to your Costco card.
Worldwide auto rental insurance. You are protected up to $50,000 against having to pay for damage resulting from theft or collision when you rent certain types of cars, pay with your Costco Credit Card and don’t buy insurance through the rental agency.
Roadside Assistance Dispatch Service. Domestic coverage for dispatch services including towing, fuel delivery (up to 2 gallons), jump starts, flat tire changes (when a spare is available) and lock-out assistance (when the key is in the vehicle). You’ll be responsible for the costs of the dispatch and roadside assistance, paying a pre-negotiated price per service call.
Travel & Emergency Assistance. 24/7 assistance for emergency travel arrangements, travel issues, medical and legal referrals and more. To request help, just call (866) 918-4670 if you’re in the U.S. or (312) 356-7839 if you’re abroad.
Citi Entertainment. Special access to purchase tickets to thousands of events, including presale tickets and exclusive events such as concerts, sporting events, dining and many more.
$0 Liability on Unauthorized Charges. You won’t be held responsible for a charge that you did not authorize.
Citi Quick Lock. If you misplaced your card, you can log into your Citi online account or use the Citi app to block new charges while allowing recurring transactions to continue uninterrupted.
Great exchange rates. Since this card is a Visa, you can use it anywhere in the world that credit cards are accepted. And you'll get some of the best exchange rates too.
At the end of the day, the Costco Credit Card has a lot of travel appeal, from its great rewards to its secondary benefits.
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