Credit card travel insurance can reimburse cardholders in the event of canceled trips, missed connections, lost or delayed luggage, or even death. But coverage amounts and restrictions vary widely based on the type of card you have, the company that issues it, and the card network it’s affiliated with. As a result, you don’t want to exclusively rely on plastic before looking into the details of your policy.
WalletHub compared the travel insurance coverage offered by 92 credit cards from the 10 largest issuers. You can check out our findings below, along with the methodology we used to rate each card. We also recommend taking a look at our editors’ picks for the best travel credit cards overall.
Card information was collected on June 28, 2022, and is likely to have changed since.
Key Findings
2022’s Best Credit Cards with Travel Insurance
Best Card | Coverage Details | WalletHub Score | Best For... |
---|---|---|---|
Chase Sapphire Reserve® | $1M in coverage | 87.50% | Travel Accident Insurance |
Chase Sapphire Preferred® Card | Lost Luggage: $3K in coverage | 92.90% | Luggage Insurance |
Chase Sapphire Preferred® Card | Trip Cancellation: $20K in coverage per trip
Trip Delay: $500 in coverage per ticket |
92.90% | Trip Delay / Cancellation Insurance |
Chase Sapphire Preferred® Card | Travel Accident: $500K in coverage
Lost Luggage: $3K in coverage Delayed Luggage: $500 in coverage per trip Trip Cancellation: $20K in coverage per trip Trip Delay: $500 in coverage per ticket |
92.90% | Overall Travel Insurance Coverage |
Key Stats About Credit Card Travel Insurance:
- 23% of consumer cards offer travel accident insurance, providing an average of $733,333 in coverage.
- 23% of consumer cards offer trip cancellation insurance, providing an average of $7,133 in coverage.
- 30% of consumer cards offer lost luggage insurance, with an average of $2,395 in coverage.
- 14% of consumer cards offer delayed luggage insurance, with an average of $386 in coverage.
- 17% of cards offer travel delay insurance, providing an average of $464 in coverage.
- Citi, Discover, Synchrony and Wells Fargo are the only major issuers that do not provide any travel insurance on their cards.
2022’s Best Business Credit Cards with Travel Insurance
Best Card | Coverage Details | WalletHub Score | Best For... |
---|---|---|---|
Ink Business Unlimited® Credit Card | $500K in coverage | 96.50% | Travel Accident Insurance |
Ink Business Unlimited® Credit Card | Lost Luggage: $3K in coverage
Delayed Luggage: $500 in coverage per trip |
96.50% | Luggage Insurance |
Ink Business Unlimited® Credit Card | Trip Cancellation: $10K in coverage per trip
Trip Delay: $500 in coverage per ticket |
96.50% | Trip Delay / Cancellation Insurance |
Ink Business Unlimited® Credit Card | Travel Accident: $500K in coverage
Lost Luggage: $3K in coverage Delayed Luggage: $500 in coverage per trip Trip Cancellation: $10K in coverage per trip Trip Delay: $500 in coverage per ticket |
96.50% | Overall Travel Insurance Coverage |
Key Stats About Business Credit Card Travel Insurance:
- 68% of business credit cards offer travel accident insurance, providing an average of $388,947 in coverage.
- 57% of business credit cards offer lost luggage insurance, with an average of $2,594 in coverage.
- 32% of business credit cards offer delayed luggage insurance, with an average of $367 in coverage.
- 29% of business credit cards offer trip cancellation insurance, providing an average of $5,700 in coverage.
- 25% of business credit cards offer travel delay insurance, providing an average of $386 in coverage.
Typical Credit Card Travel Insurance Coverage
Info | Example Of An Average Policy | Best Policy |
---|---|---|
Sign Up | No sign up or product registration required | |
Travel Accident Insurance | $250,000 for death and dismemberment.
If the primary cardholder and authorized users, spouse / domestic partner are killed in a common carrier accident while traveling — or they lose a limb, sight, speech or hearing — the benefit may offer some financial assistance. |
$500,000 for death and dismemberment.
If the primary cardholder and authorized users, spouse / domestic partner, dependent children (under 24), legal guardians or wards, siblings or siblings-in-law, parents or parents-in-law, grandparents or grandchildren, aunts or uncles, nieces or nephews are killed in a common carrier accident while traveling — or they lose a limb, sight, speech or hearing — the benefit may offer some financial assistance. |
Luggage Insurance | $3,00 for lost luggage and $0 for delayed luggage.
If your checked or carry-on luggage is permanently lost, stolen or damaged by the common carrier, benefit may refund the purchase price of the missing items or the cost to repair the damaged items. |
$3,000 for lost luggage and $500 for delayed luggage.
If your checked or carry-on luggage is permanently lost, stolen or damaged by the common carrier, the benefit may refund the purchase price of the missing items or the cost to repair the damaged items. If your checked baggage is delayed on a trip, the benefit may reimburse the cost of necessary personal and business items until your baggage arrives. |
Trip Delay / Cancellation | None | Up to $20,000 per trip if your trip gets canceled or cut short.
Up to $500 if your trip is delayed by 12+ hours. If your trip is cancelled or interrupted because of personal matters, illness, travel related or weather, you may be reimbursed for the cost. |
Travel Emergency Assistance | Help with lost/stolen luggage and travel documents.
Referrals to local physicians, attorneys, embassies and cash advance services. |
|
Claims Process | Submit Proof of Loss, which must describe both the Accident and the Injury, and the extent and type of loss (medical records, and death certificate, proof of payment method for the Common Carrier). | |
Example Card Offering This Type of Policy | Capital One Venture Rewards | Chase Sapphire Preferred |
Detailed Findings
Personal Cards
Overall | Card Name | Luggage Insurance | Travel Accident Insurance | Eligibility, Cost & Extra Coverage | Overall Score (weighted average) |
---|---|---|---|---|---|
1 | Chase Sapphire Preferred® Card | 90.00% | 100.00% | 88.00% | 92.90% |
T - 2 | Chase Sapphire Reserve® | 90.00% | 100.00% | 70.00% | 87.50% |
T - 2 | J.P. Morgan Reserve Credit Card | 90.00% | 100.00% | 70.00% | 87.50% |
T - 4 | Capital One VentureOne Rewards Credit Card | 75.00% | 96.00% | 75.00% | 82.35% |
T - 4 | Capital One Quicksilver Cash Rewards Credit Card | 75.00% | 96.00% | 75.00% | 82.35% |
T - 4 | Capital One SavorOne Cash Rewards Credit Card | 75.00% | 96.00% | 75.00% | 82.35% |
7 | Bank of America® Premium Rewards® Elite Credit Card | 90.00% | 96.00% | 56.25% | 81.98% |
8 | Capital One Savor Cash Rewards Credit Card | 75.00% | 96.00% | 63.00% | 78.75% |
9 | U.S. Bank Altitude Reserve Visa Infinite® Card | 55.00% | 96.00% | 67.50% | 73.10% |
10 | Capital One Venture X Rewards Credit Card | 55.00% | 96.00% | 65.00% | 72.35% |
11 | Navy Federal Credit Union Visa Signature® Flagship Rewards Credit Card | 55.00% | 91.00% | 55.25% | 67.68% |
12 | U.S. Bank FlexPerks® Gold American Express® Card | 47.00% | 96.00% | 49.25% | 64.83% |
13 | Capital One Venture Rewards Credit Card | 55.00% | 91.00% | 38.00% | 62.50% |
14 | Bank of America® Premium Rewards® credit card | 90.00% | Not offered | 45.00% | 45.00% |
T - 15 | Navy Federal Credit Union cashRewards Credit Card | Not offered | 91.00% | 41.25% | 44.23% |
T - 15 | Navy Federal Credit Union GO REWARDS® Credit Card | Not offered | 91.00% | 41.25% | 44.23% |
T - 17 | Centurion® Card from American Express** | 55.00% | Not offered | 50.00% | 34.25% |
T - 17 | The Platinum Card® from American Express** | 55.00% | Not offered | 50.00% | 34.25% |
T - 19 | American Express® Green Card** | 47.00% | Not offered | 30.00% | 25.45% |
T - 19 | American Express® Gold Card** | 47.00% | Not offered | 30.00% | 25.45% |
21 | Bank of America® Travel Rewards credit card | 55.00% | Not offered | 20.00% | 25.25% |
T - 22 | Chase Freedom Unlimited® | Not offered | Not offered | 45.00% | 13.50% |
T - 22 | Chase Freedom Flex℠ | Not offered | Not offered | 45.00% | 13.50% |
T - 24 | Bank of America® Customized Cash Rewards credit card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Blue Cash Everyday® Card from American Express** | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Blue Cash Preferred® Card from American Express** | Not offered | Not offered | Not offered | Not Offered |
T - 24 | The Amex EveryDay® Credit Card from American Express** | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Amex EveryDay® Preferred Credit Card** | Not offered | Not offered | Not offered | Not Offered |
T - 24 | American Express Cash Magnet® Card** | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Bank of America® Customized Cash Rewards Secured Credit Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Bank of America® Unlimited Cash Rewards credit card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Bank of America® Unlimited Cash Rewards Secured Credit Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | BankAmericard® Secured Credit Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | BankAmericard® credit card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Capital One Quicksilver Secured Cash Rewards Credit Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Capital One QuicksilverOne Cash Rewards Credit Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Capital One Platinum Secured Credit Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Capital One Platinum Credit Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Chase Slate Edge℠ | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Citi Simplicity® Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Citi Custom Cash℠ Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Citi Rewards+® Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Citi Premier® Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Citi® Double Cash Card – 18 month BT offer | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Citi® Secured Mastercard® | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Citi® Diamond Preferred® Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Discover it® chrome | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Discover it® Balance Transfer | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Discover it® Secured Credit Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Discover it® Miles | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Discover it® Cash Back | Not offered | Not offered | Not offered | Not Offered |
T - 24 | U.S. Bank Cash+® Visa Signature® Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | U.S. Bank Cash+® Visa® Secured Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | U.S. Bank Secured Visa® Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | U.S. Bank Altitude® Go Visa Signature® Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | U.S. Bank Visa® Platinum Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | U.S. Bank Altitude® Connect Visa Signature® Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | U.S. Bank Altitude® Go Visa® Secured Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Wells Fargo Active Cash® Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Wells Fargo Reflect® Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Navy Federal Credit Union More Rewards American Express® Credit Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Navy Federal Credit Union nRewards® Secured Credit Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Navy Federal Credit Union Platinum Credit Card | Not offered | Not offered | Not offered | Not Offered |
T - 24 | Synchrony Premier World Mastercard® | Not offered | Not offered | Not offered | Not Offered |
*Citibank, Discover, Synchrony Bank and Wells Fargo are the only major issuers that do not provide any travel insurance on their cards.
Business Cards
Rank | Credit Card Name | Luggage Insurance | Travel Accident Insurance | Eligibility, Cost & Extra Coverage | Overall Score (weighted average) |
---|---|---|---|---|---|
1 | Ink Business Unlimited® Credit Card | 90.00% | 100.00% | 100.00% | 96.50% |
2 | Ink Business Preferred® Credit Card | 90.00% | 100.00% | 88.00% | 92.90% |
3 | Ink Business Premier℠ Credit Card | 90.00% | 100.00% | 76.00% | 89.30% |
4 | Ink Business Cash® Credit Card | 83.00% | 100.00% | 70.00% | 85.05% |
5 | Capital One Spark Miles Select for Business | 75.00% | 96.00% | 75.00% | 82.35% |
6 | Bank of America® Business Advantage Travel Rewards World Mastercard® credit card | 55.00% | 96.00% | 97.50% | 82.10% |
7 | Wells Fargo Business Elite Signature Card | 83.00% | 91.00% | 69.75% | 81.83% |
8 | Capital One Spark Miles for Business | 75.00% | 96.00% | 63.00% | 78.75% |
T - 9 | Capital One Spark Cash Select for Excellent Credit | 55.00% | 91.00% | 50.00% | 66.10% |
T - 9 | Capital One Spark Classic for Business | 55.00% | 91.00% | 50.00% | 66.10% |
T - 9 | Capital One Spark Cash Select for Good Credit | 55.00% | 91.00% | 50.00% | 66.10% |
12 | U.S. Bank Business Leverage® Visa Signature® Card | 55.00% | 91.00% | 38.00% | 62.50% |
13 | Capital One Spark Cash Plus | 55.00% | 91.00% | 26.00% | 58.90% |
T - 14 | Wells Fargo Business Secured Credit Card | 28.00% | 91.00% | 41.25% | 54.03% |
T - 14 | Wells Fargo Business Platinum Credit Card | 28.00% | 91.00% | 41.25% | 54.03% |
T - 16 | Bank of America® Platinum Plus® Mastercard® Business card | Not offered | 86.00% | 45.00% | 43.60% |
T - 16 | Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card | Not offered | 86.00% | 45.00% | 43.60% |
T - 16 | Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card | Not offered | 86.00% | 45.00% | 43.60% |
T - 16 | Business Advantage Unlimited Cash Rewards Secured credit card | Not offered | 86.00% | 45.00% | 43.60% |
20 | The Business Platinum Card® from American Express** | 55.00% | Not offered | 50.00% | 34.25% |
21 | American Express® Business Gold Card** | 47.00% | Not offered | 30.00% | 25.45% |
22 | Business Green Rewards Card from American Express** | 47.00% | Not offered | 20.00% | 22.45% |
23 | Navy Federal Credit Union GO BIZ Rewards Credit Card | 40.00% | Not offered | Not offered | 14.00% |
T - 24 | The Blue Business® Plus Credit Card from American Express** | Not offered | Not offered | Not offered | Not Offered |
T - 24 | American Express Blue Business Cash™ Card** | Not offered | Not offered | Not offered | Not Offered |
T - 24 | The Plum Card® from American Express** | Not offered | Not offered | Not offered | Not Offered |
T - 24 | U.S. Bank Business Triple Cash Rewards World Elite Mastercard® | Not offered | Not offered | Not offered | Not Offered |
T - 24 | U.S. Bank Business Platinum Card | Not offered | Not offered | Not offered | Not Offered |
**Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Trip Delay Insurance and Trip Cancellation and Interruption Insurance are underwritten by New Hampshire Insurance Company, an AIG Company. Luggage Insurance is underwritten by AMEX Assurance Company.
Methodology
WalletHub reviewed the online travel benefits policies for all of the credit cards available via the websites of the 10 largest credit card issuers by purchase volume, excluding student and co-branded cards.
We evaluated each offer in three overall categories, using the corresponding weights to obtain overall scores: Travel Accident Insurance (35%); Luggage Insurance (35%); Eligibility Cost & Extra Coverage (30%). These categories are comprised of 12 individual metrics, descriptions of which you can find below. For cards featuring multiple policies, we evaluated their average coverage details.
Where policies were incomplete or unclear, we contacted the issuers directly and requested clarification. Where policies were unclear, we contacted the issuers directly and requested clarification. One of them – namely, U.S Bank – did not meet our deadline for input.
The maximum score attainable for a card in this report is 100%.
Travel Accident Insurance
1. What is Covered? - Worth 50%
A) Death and Dismemberment – Worth 25%
- If death and dismemberment is covered = 25%
- If only death is covered = 15%
- If only dismemberment is covered = 10%
- If there is no benefit offered = No points (where applicable)
B) Modes of Travel Included – Worth 15%
- Airlines = 10%
- Buses= 2%
- Taxis / Airport Limousines = 1%
- Cruises / Boats = 1%
- Trains = 1%
- No benefit offered = No points (where applicable)
*Scores for this metric are cumulative, as more than one option may be available
C) Coverage Duration – Worth 10%
- Entire trip, from departure to return – door to door = 10%
- Departure to arrival in destination (both ways), plus auxiliary transportation (i.e. taxi, bus, train, etc.) = 6%
- Departure to arrival in destination (both ways)= 5%
- Length of stay at designated destination = 5%
- No benefit offered = No points (where applicable)
2. Amount Offered for Death / Accident Coverage - Worth 50%
- If the benefit amount is $300,000+ = 50%
- If the benefit amount is $200,000 - $299,999 = 45%
- If the benefit amount is $100,000 - $199,000 = 40%
- If the benefit amount is $0 - $99,999 = 25% points
- If there is no benefit offered = No points (where applicable)
Luggage Insurance
1. What type of luggage does it cover? – Worth 15%
- If both carry-on and checked baggage is covered = 15%
- If only checked luggage is covered = 12%
- If there is no benefit offered = No points (where applicable)
2. Amount of coverage for delayed luggage - Worth 35%
- If the benefit amount is $400+ = 35%
- If the benefit amount is $200 - $399 = 28%
- If the benefit amount is up to $199 = 21%
- If no coverage is offered = No points (where applicable)
*Scores for this metric are averages across all travel related benefits, as coverage may differ between benefits of the same card
3. Amount of coverage for lost luggage - Worth 40%
- If the benefit amount is $2000+ = 40%
- If the benefit amount is between $1000 -$1999 = 32%
- If the benefit amount is between $500 - $999 = 28%
- If the benefit amount is up to $499 = 20%
- If no coverage is offered = No points (where applicable)
4. Offers hotel burglary coverage? - Worth 10%
- If the benefit is offered = 10%
- If the benefit is not offered = No points (where applicable)
Eligibility, Cost & Extra Coverage
1. Who is covered? – Worth 25%
- Full family (includes immediate family plus nieces, uncles, siblings in law etc.) = 25%
- Immediate family (includes cardholder, spouse and dependable children) = 20%
- Cardholder only = 5%
- No coverage provided = No points (where applicable)
2. Is additional travel insurance coverage provided? – Worth 30%
-
- If cancelled trip insurance coverage is provided = 20%
- If delayed trip insurance coverage is provided = 10%
*Scores for this metric are cumulative, as more than one option may be available
3. Activating the benefit – Worth 15%
- If no sign up is required and coverage is still provided when purchases are paid for using rewards = 15%
- If no sign up is required = 11.25%
- If coverage is still provided when purchases are paid for using rewards = 3.75%
- If there is no benefit offered = No points (where applicable)
4. Second year annual fee – Worth 30%
- If the annual fee of the card is $0 = 30%
- If the annual fee of the card is $1 - $49 = 24%
- If the annual fee of the card is $50 - $99 = 18%
- If the annual fee of the card is $100+ = 6%
- If the annual fee of the card is $200+ = No points (where applicable)