WalletHub, Financial Company
@WalletHub
Yes, the Visa credit card travel insurance is pretty good. It covers eligible Visa credit card users for damage or theft of rental cars. Some cards also provide coverage for accidents while traveling, trip cancellation, and lost luggage. Plus, Visa credit card travel insurance doesn’t cost extra. You just have to pay for your travel with an eligible Visa card to qualify.
The exact amount of coverage you get, the claims procedures you have to follow, and other fine print depend on the bank or credit union that issues the card. It also makes a difference whether your card is a Visa Platinum, Visa Signature, or Visa Infinite (least coverage to most coverage).
Types of Visa Credit Card Travel Insurance
- Travel accident insurance:
Should you or dependents you’re travelling with die or get seriously injured due to the fault of a travel provider, this policy will reimburse you or your family. The amount of money you can get varies, but it could be as much as $1,000,000 with certain cards. Not all cards will have this benefit. Chase Sapphire Reserve® has the best coverage. - Trip cancellation/interruption/delay insurance:
If your trip has to be ended early or moved because of things out of your control (e.g. death, injury, severe weather, military orders, and more), you can get compensated for the inconvenience. Coverage might be up to $20,000 per trip, but not every card will have it. The Chase Sapphire Preferred® Card has the best coverage. - Lost luggage reimbursement:
If your luggage gets lost or stolen, Visa may pay you for its value. You could get up to $3,000 per person per trip, but whether you have coverage depends on the card. Chase Sapphire Preferred has the best coverage. - Rental car insurance:
If you rent a car with an eligible Visa card and that vehicle gets damaged or stolen, you can be reimbursed. But certain types of cars aren’t eligible (like expensive cars, RVs, motorcycles, and more) and certain situations (like drunk driving) aren’t, either. You can receive up to the full value of the rental vehicle.
If you’re in the market for a new card, there are several good offers available. Just keep in mind that the best course of action is to check your card’s terms to find out what kind of coverage it has.
Best Visa Cards for Travel Insurance
- Rewards: Chase Sapphire Preferred® CardChase Sapphire Preferred® CardLearn MoreLearn Moreon issuer's website
- Travel Benefits: Chase Sapphire Reserve®Chase Sapphire Reserve®Learn MoreLearn Moreon issuer's website
- High Earning Rate: U.S. Bank Altitude Reserve Visa Infinite® CardU.S. Bank Altitude Reserve Visa Infinite® CardLearn MoreLearn More
For more options, WalletHub’s editors have prepared a report on the cards with the best travel insurance to help you out.
2023's Best Visa Credit Cards
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Warren Flace, Member
@warren_flace
On its own, it's okay. They mostly cover car rental insurance.
People also ask
Do credit cards offer travel insurance?
Yes, some credit cards do offer travel insurance. Seven of the top 10 credit card companies have at least some credit cards with travel insurance, including Chase, American Express, Capital One, U.S. Bank, and Bank of America.
Still, the average credit card offer does not include travel insurance coverage. For example, lost luggage insurance is one of the most common types of travel insurance, but only 30% of consumer cards offer it.
Top Credit Card with Travel...
read full answerHow does the Visa credit card rental car insurance work?
The Visa rental car insurance benefit covers theft and physical damage to the rented vehicle due to collision, weather events, vandalism, and accidental fire. Towing charges, loss-of-use, and administrative fees are also covered by Visa. Cardholders are covered up to the actual cash value of the vehicle. To be eligible for this benefit, you’ll need to pay for your rental using an eligible Visa credit card.
Here’s how the Visa rental car insurance works:
- Coverage details: ...
How does trip cancellation insurance work on credit cards?
Credit card trip cancellation insurance covers certain nonrefundable travel expenses when a trip is cancelled or interrupted due to illness, injury, severe weather, or another covered reason.
Here’s how trip cancellation insurance works on credit cards:
- What is covered: Credit cards with trip cancellation insurance typically reimburse cardholders for common carrier fares (airfare, train tickets, etc.), tours, lodging and other eligible travel expenses – up to a maximum amount per person, per...
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