The list of credit cards with trip cancellation insurance include Chase Sapphire Preferred, Chase Sapphire Reserve, Amex Platinum, Wells Fargo Propel, Bank of America Premium Rewards, Marriott Bonvoy Brilliant, Bass Pro Shops CLUB World Mastercard, and many more. The best credit card for trip cancellation insurance is Chase Sapphire Preferred because its trip cancellation coverage is $5,000 per person and $10,000 per trip, which is on the higher end. The policy also covers expenses often skipped by other cards’ trip cancellation policies, such as rental cars and recreational vehicle rentals. Chase Sapphire Preferred has an annual fee of only $95, which is less than other credit cards with similar trip cancellation coverage.
Trip cancellation insurance generally covers trips cancelled or cut short by sickness or severe weather. After such an event, the cardholder can file a claim and get reimbursed for prepaid, nonrefundable travel expenses, including airfare, tours and hotels. To receive the reimbursement, you must have used your covered credit card to pay for the travel expenses. Most credit cards also have a limit on the amount of money that you can be reimbursed for.
List of Credit Cards with Trip Cancellation Insurance:
- AAdvantage Aviator
- Amex Centurion & Business Centurion
- Amex Platinum & Business Platinum
- Bank of America Premium Rewards
- Bass Pro Shops CLUB World Mastercard
- Cabela’s CLUB World Mastercard
- Capital One BuyPower & BuyPower Business
- Chase Freedom, Freedom Unlimited & Freedom Student
- Chase Ink Business Preferred
- Chase Sapphire Preferred & Reserve
- Delta SkyMiles Reserve & Reserve Business
- Hilton Honors Aspire
- IHG Rewards Club Premier
- Marriott Bonvoy Brilliant
- Ritz-Carlton Rewards
- United Explorer, Club & Presidential Plus
- Wells Fargo Propel American Express
- World of Hyatt
Though it may seem like a lot of credit cards have trip cancellation insurance, the list is definitely shorter now than it was a few years ago. Many credit card issuers have been cutting benefits like trip cancellation insurance from their cards, citing low usage by cardholders. This list is correct as of today, but it could change quickly, so make sure to check your card’s current benefits guide before you book your trip. Travel insurance perks give great peace of mind when booking a trip, and anyone who travels often would do well to have one of the above credit cards in their wallet.