The best credit card with trip cancellation insurance is the Citi Double Cash card. It covers a much wider range of scenarios than most trip cancellation insurance policies, such as your pet falling ill, your home being burglarized, or you getting assaulted before your trip. If a covered situation occurs, you can be reimbursed up to $5,000 per traveler, per trip. On top of excellent trip cancellation insurance, Citi Double Cash has a $0 annual fee and an unlimited 2% cash back rate.
Trip cancellation insurance generally covers trips cancelled or cut short by sickness or severe weather. The cardholder is then 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 have a limit on the amount of money that you can be reimbursed for.
Best Credit Cards with Trip Cancellation Insurance:
- Citi Double Cash Card - $5,000 per traveler per trip ($0 annual fee)
- Wells Fargo Propel American Express - $5,000 per trip ($0 annual fee)
- Hyatt Credit Card from Chase - $5,000 per trip ($95 annual fee)
- Chase Sapphire Preferred - $10,000 per trip ($95 annual fee)
- Citi Platinum Select AAdvantage World Mastercard - $5,000 per traveler per trip ($99 annual fee, waived first year)
Citi’s trip cancellation insurance for cards like Double Cash and Citi ThankYou cover a lot more than the standard “illness or severe weather.” As a cardholder you can be reimbursed if you’re sick or injured, or if your family member has an injury or illness that is life-threatening. You’ll even be reimbursed if your pet has an illness or injury that requires care.
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