Best 2018 Credit Cards for Travel Insurance

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While some people sign up for travel and rewards cards for the points and miles, others do so to take advantage of the perks. These can include benefits like guaranteed returns and extended warranties. However, the most popular perk of all is access to free travel insurance—or products like cancellation/interruption insurance, travel accident insurance, and baggage delay coverage.

If you’re ready to sign up for a new travel credit card and want to make sure you’re getting one with this important coverage, it’s smart to compare cards, options, and programs ahead of time.

Here are a few cards with the best travel insurance programs over all:

Chase Sapphire Reserve

When it comes to travel rewards cards, the Chase Sapphire Reserve is hard to beat. Not only does it come with a lucrative signup bonus and let you earn 3x points on travel and dining, but you can use your points to book travel through Chase or transfer them 1:1 to popular loyalty partners.

The card’s travel insurance products are also top notch. The Chase Sapphire Reserve offers trip cancellation/interruption coverage that will reimburse you for $10,000 per trip of your prepaid travel expenses in the case your trip is cancelled or delayed for covered reasons. You also get primary auto rental coverage, trip delay coverage for delays longer than six hours, and baggage delay insurance that will reimburse you for baggage delays over six hours at $100 per day for five days.

You also get travel accident insurance worth up to $1 million and emergency evacuation and transportation coverage good for up to $100,000.

The annual fee on this card is $450, but you do get a $300 annual travel credit, Global Entry credit, airport lounge access, and other important travel perks.

Chase Sapphire Preferred: Honorable Mention

While the Chase Sapphire Preferred card comes with a weaker earning structure and redemption policy than the Chase Sapphire Reserve card, it does offer the same suite of travel benefits for consumers.

If you are looking for a premier travel credit card without a big commitment, the Chase Sapphire Preferred is a good option with its $95 annual fee that is waived the first year.

Citi Prestige

The Citi Prestige is another premier travel credit card that offers lucrative rewards and a suite of important travel benefits for cardholders. For starters, this card offers worldwide rental car coverage good for up to $100,000 if you rent a car with your Citi Prestige card and deny the additional coverage at the counter. This coverage is a secondary benefit in the United States, however, meaning that your personal auto insurance would kick in first for accidents stateside. For accidents outside the United States, this coverage would be considered primary.

After signing up, you’ll also get medical evacuation coverage of up to $100,000 and trip cancellation/interruption coverage good for up to $5,000 per person, per trip when a trip is cancelled or delayed for covered reasons.

Trip delay coverage worth up to $500 is also available for travelers with incurred expenses resulted in a delay of more than three hours. Further, cardholders also get baggage delay coverage of up to $500 per covered traveler, per trip when baggage is delayed by more than three hours.

This card does come with an annual fee of $450, but it comes with a 4th night free benefit, $250 air travel credit each year, airport lounge membership pass, Global Entry credit, and other perks.

Ink Business Preferred Credit Card

If you’re a business owner who wants travel coverage for your business-related travel, it would be hard to beat the Ink Business Preferred Credit Card. Not only does this offering let you earn points within the lucrative Chase Ultimate Rewards program, but it comes with free travel benefits for cardholders, too.

For starters, you’ll receive up to $5,000 in trip cancellation/interruption insurance to cover prepaid travel expenses for covered trips when a covered reason comes into play. You’ll also get access to travel and emergency assistance that can be useful if you run into an issue when you travel abroad.

Primary auto rental coverage is also offered when you use your Ink Business Preferred Credit Card to pay for a rental car. Finally, you’ll get access to a roadside dispatch call center that can assist you if your car breaks down, you’re locked out, or you run out of gas.

The Ink Preferred Business Credit Card comes with a $95 annual fee.