Credit Cards With The Best Benefits

The best credit card with trip cancellation insurance is the Chase Sapphire Preferred® Card because it offers up to $10,000 in trip cancellation coverage per person and $20,000 per trip. Cardholders can get reimbursed for eligible travel expenses like airfare and car rentals if a trip is cancelled or interrupted due to sickness, severe weather, and other unforeseen circumstances. Chase Sapphire Preferred also has an annual fee of only $95, which is a bargain compared to other credit cards with similar trip cancellation coverage.

5 of the Best Credit Cards with Trip Cancellation Insurance

Having trip cancellation and trip interruption insurance coverage on your credit card can be a real plus for travelers. But each card offers varying degrees of coverage, so make sure to check your card's guide to benefits for more details.

The best credit cards for trip cancellation insurance come with generous rewards, too. Most of them also require at least good credit for approval. To get a better picture, it's worth taking a closer look at WalletHub's picks.

Learn More About the Best Cards with Trip Cancellation Insurance

Coverage amount: Up to $10,000 per person, with a maximum of $20,000 per trip

Covered: Trips cancelled due to unforeseeable circumstances like accidental bodily injury, sickness, death, or severe weather

Not covered: Trips cancelled due to pre-existing conditions, changes in plans or financial circumstances, and failure to obtain documents required for travel (visas, passports, etc.), among other things.

Rewards: 5 points per $1 spent on travel purchased through Chase, 2 points per $1 on all other travel purchases, 3 points per $1 on dining and online grocery purchases, 3 points per $1 on select streaming services, and 1 point per $1 on all other purchases

Annual fee: $95

Credit requirement: Good credit (700+ credit score recommended)

Coverage amount: Up to $10,000 per person, with a maximum of $20,000 per trip

Covered: Trips cancelled due to unforeseeable circumstances like accidental bodily injury, sickness, death, or severe weather

Not covered: Trips cancelled due to pre-existing conditions, changes in plans or financial circumstances, and failure to obtain documents required for travel (visas, passports, etc.), among other things

Rewards: a total of 10 points per $1 spent on hotels and car rentals booked through Chase, a total of 10 points per $1 spent on prepaid restaurant reservations or takeout orders made through Chase, a total of 5 points per $1 spent on flights purchased through Chase, 3 points per $1 spent on all other travel and dining purchases, and 1 point per $1 on all other purchases

Annual fee: $550

Credit requirement: Excellent credit (750+ credit score recommended)

Coverage amount: Up to $10,000 per trip and $20,000 per eligible card every 12 consecutive months*

Covered: Trips cancelled due to unforeseen circumstances such as accidental bodily injury, loss of life, sickness, weather conditions, or quarantines imposed by physicians

Not covered: Trips cancelled due to pre-existing conditions, self-inflicted injuries, illegal or criminal acts, among other things

Rewards: 5 points per $1 spent on flights booked with airlines or with American Express Travel (up to $500,000 spent per year), 5 points per $1 spent on prepaid hotels booked through Amex, and 1 point per $1 spent on all other purchases

Annual fee: $695

Credit requirement: Good credit (700+ credit score recommended)

Coverage amount: Up to $5,000 per person, with a maximum of $10,000 per trip

Covered: Trips cancelled due to unforeseeable circumstances like accidental bodily injury, sickness, death, or severe weather

Not covered: Trips cancelled due to pre-existing conditions, changes in plans or financial circumstances, and failure to obtain documents required for travel (visas, passports, etc.), among other things

Rewards: 3 points per $1 on the first $150,000 spent per year on travel and select business expenses, and 1 point per $1 on all other purchases

Annual fee: $95

Credit requirement: Good credit (700+ credit score recommended)

Coverage amount: Up to $1,500 per person, with a maximum of $6,000 per trip

Covered: Trips cancelled due to unforeseeable circumstances like accidental bodily injury, sickness, death, or severe weather

Not covered: Trips cancelled due to pre-existing conditions, changes in plans or financial circumstances, and failure to obtain documents required for travel (visas, passports, etc.), among other things

Rewards: 1% cash back on all purchases

Annual fee: $0

Credit requirement: Limited History credit (less than 3 years of credit history)

How Trip Cancellation Insurance Works on Credit Cards

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. Most credit card trip cancellation insurance policies cover both the primary cardholder and any authorized users, plus immediate family members traveling with the primary cardholder or the authorized user.

To receive reimbursement, you must use 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. So, make sure to check your card's guide to benefits for more details.

How to File a Trip Cancellation Insurance Claim

1. Call the benefits administrator.
   Call your credit card's benefits administrator and notify them of your intention to file a claim, or do so by visiting the card's benefits website. You'll be able to find the phone number and/or web address in the benefits guide that came with your credit card. You may also find this information on your credit card company's website.
2. Stick to deadlines.
   Generally, you must give notice of your claim within 20 to 60 days after the cancellation to be eligible for reimbursement, but the exact window will depend on your card issuer's rules.
3. Submit your evidence.
   After you give notice of your claim, the benefits administrator will give you further instructions to file your claim. You will likely need to submit documentation, such as ticket receipts, billing statements, notes from your doctor, and anything else that may validate your claim. There is also a window of time to provide these documents. This time frame will depend on your card issuer, but it's usually 90 to 180 days after the trip is cancelled.

Trip cancellation/interruption insurance perks give great peace of mind when booking a trip. If you are interested in other types of travel insurance, like coverage for travel accidents, lost luggage, or travel delays, you could check out our editors' latest picks for the best credit cards with travel insurance.

* Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

One of the best credit cards with free roadside assistance is Chase Sapphire Reserve® because it offers coverage for towing, flat tires, dead batteries, lockouts, and empty gas tanks, up to $50 per service call. Cardholders can use the roadside assistance benefit up to four times per year. 

Credit card roadside assistance – sometimes called roadside dispatch – is a service offered by certain cards that gives cardholders a dedicated phone line to call for help with roadside emergencies. Some cards cover up to a certain amount per event, while others only arrange help at a negotiated rate. The remaining charges will be automatically billed to your account.

Popular Credit Cards with Roadside Assistance Benefits

Roadside Assistance Details: 24/7 hotline for services such as towing, tire changes, jump-starts, lockout service (no key replacement), standard winching, and delivery of up to two gallons of gas. You're covered for up to $50 per service call, with a maximum of four events per year. 

Initial Bonus: 60,000 bonus points for spending $4,000 in the first 3 months

Ongoing Rewards: You can earn a total of 10 points per $1 spent on hotels and car rentals booked through Chase, a total of 10 points per $1 spent on prepaid restaurant reservations or takeout orders made through Chase, a total of 5 points per $1 spent on flights purchased through Chase, 3 points per $1 spent on all other travel and dining purchases, and 1 point per $1 on all other purchases

Annual Fee: $550

Roadside Assistance Details: 24/7 hotline for services such as towing (up to five miles), tire changes, jump starts, lockout service (no key replacement), standard winching, and delivery of up to five gallons of gas. There is a fee that cardholders need to pay in order to benefit from the services mentioned above, but the exact amount is not disclosed. In addition, the cardholder is still responsible for services that are not covered.

Initial Bonus: 75,000 miles for spending $4,000 in the first 3 months

Ongoing Rewards: 5 miles per $1 spent on hotels and rental cars booked through Capital One Travel, and 2 miles per $1 on all other purchases

Annual Fee: $95

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

Roadside Assistance Details: 24/7 hotline for services such as towing (up to five miles), tire changes, jump starts, lockout service (no key replacement), standard winching, and delivery of up to five gallons of gas. There is a fee that cardholders need to pay in order to benefit from the services mentioned above, but the exact amount is not disclosed. In addition, the cardholder is still responsible for services that are not covered.

Initial Bonus: $200 cash rewards after spending $500 in the first 3 months

Ongoing Rewards: 2% cash rewards

Annual Fee: $0

Roadside Assistance Details: 24/7 hotline for services such as towing (up to five miles), tire changes, jump starts, lockout service (no key replacement), standard winching, and delivery of up to five gallons of gas. There is a fee that cardholders need to pay in order to benefit from the services mentioned above, but the exact amount is not disclosed. The cardholder is responsible for services that are not covered, too.

Initial Bonus: 50,000 points for spending $3,000 in the first 90 days

Ongoing Rewards: 2 points per $1 spent on travel and dining, and 1.5 points per $1 on all other purchases

Annual Fee: $95

It is worth noting that the roadside assistance benefit is offered through a card's network, rather than its issuer. However, the issuer does decide what benefits are included with its card. It is also important to note that the only major credit card networks that offer this benefit are Visa and Mastercard. 

Even if your credit card doesn't include this benefit, there are plenty of companies that offer roadside assistance plans. Most plans are available for a flat fee every month or year and offer better coverage than the credit cards mentioned above. 

The best premier credit card is IHG® Rewards Premier Credit Card. This card offers 140,000 points for spending $3,000 in the first 3 months. In addition, you can earn 10 points per $1 spent at IHG hotels, 5 points per $1 at gas stations, restaurants and on travel, as well as 3 points per $1 on all other purchases. 

Here are some of the best premier credit cards:

It is worth noting that all these credit cards require good or excellent credit for approval. So, make sure you know where you stand before applying. You can check your credit score for free, right here on WalletHub.

The credit card that has the most benefits is Chase Sapphire Reserve® because it offers travel perks such as a $300 annual travel credit, complimentary airport lounge access, up to $1 million in travel insurance, and more. These benefits do come at a cost, as Chase Sapphire Reserve carries a $550 annual fee. Chase Sapphire Reserve's high price tag is well worth it if you're a frequent traveler who will spend enough each year for the card to pay for itself with rewards and benefits.

Best Credit Cards with the Most Benefits

Before you apply for a credit card with a ton of benefits, make sure it has at least a few perks you know you'll use regularly. Otherwise, the card may offer you little value, especially if you must pay an annual fee. Be sure to explore your options in-depth and compare credit card benefits to eliminate much of the guesswork before you submit an application.