Credit Cards With Travel Insurance

little girl with straw hat sitting on a suitcase at the airport. during check in at the airport the girl takes a seat on the luggage carrier. She looks tired from waiting.

(Image credit: Getty)

Travel these days is challenging, but credit cards with travel insurance can offset a host of headaches. The best rewards credit cards will reimburse customers that have lost or delayed baggage, missed connections or canceled trips. Some cards even pay survivors in case of death or dismemberment.

A recent study by WalletHub evaluated 66 of the best credit cards with travel insurance across three broad categories: luggage insurance, travel accident insurance, and eligibility, cost and extra coverage.

Many cards that used to offer travel insurance have reduced or eliminated coverage. In fact, WalletHub found that only 24% of the consumer credit cards they studied offered trip cancellation insurance. And cards issued by Wells Fargo, Citi, Discover and Synchrony provide no travel insurance coverage.

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Best credit cards with travel insurance

Chase Bank has been positioning its Sapphire-branded travel cards as leaders in the competitive arena of low-fee and premium travel credit cards. So it's no surprise that the Chase Sapphire Reserve® and the Chase Sapphire Preferred® credit cards both score highest in the study. Here are areas where the cards beat the competition, with the maximum coverage amount by category.

Chase Sapphire Reserve Credit Card:

Best for travel accident insurance ($1 million in coverage).

Chase Sapphire Preferred Credit Card:

Best for luggage insurance, ($3,000 in coverage).

Best for Trip Cancellation: ($20,000 in coverage per trip).

Best for Eligibility, Cost and Extra Coverage Combined, including:

Trip Delay ($500 in coverage per ticket).

Travel Accident ($500,000 in coverage).

Delayed Luggage ($500 in coverage per trip).

Trip Cancellation ($20,000 in coverage per trip).

Trip Delay ($500 in coverage per ticket).

The 10 best cards with travel insurance

Here are the top cards, with three tying for fourth place.

Swipe to scroll horizontally

Scores of the Ten Best Cards
Overall	Card Name	Luggage Insurance	Travel Accident Insurance	Eligibility, Cost & Extras
1	Chase Sapphire Preferred®	90%	100%	88%
2	Chase Sapphire Reserve®	90%	100%	70%
3	Bank of America® Premium Rewards® Elite	90%	96%	65%
4 - Tie	Capital One VentureOne Rewards	75%	96%	75%
4 - Tie	Capital One Quicksilver Cash Rewards	75%	96%	75%
4 - Tie	Capital One SavorOne Cash Rewards	75%	96%	75%
7	Capital One Savor Cash Rewards	75%	97%	63%
8	U.S. Bank Altitude Reserve Visa Infinite®	55%	96%	68%
9	Capital One Venture X Rewards	55%	96%	65%
10	U.S. Bank FlexPerks® Gold American Express®	47%	96%	49%

Source: Adapted from WalletHub Best Credit Cards With Travel Insurance, June 23, 2023.

Do you need travel insurance?

New regulations protect you. Thanks to new federal regulations, U.S. consumers have more protections when flying. These rules require airlines to refund customers for U.S. flights canceled for certain reasons beyond a passenger’s control. Airline customers also have more rights when their flights are delayed. The rules are complicated, so be sure you refer to the Department of Transportation’s refund guidelines.

The airline industry is stepping up. In more good news for travelers, the new regulations spurred industry improvements; nine airlines changed their policies to guarantee coverage of hotels and ten airlines to guarantee meals for stranded passengers.

Weigh your options for expensive trips. Still, for expensive or risky trips, you will want to assess your credit card's travel insurance benefits. If you find them wanting, purchasing extra travel insurance might be worth it. The average cost of all single-trip travel insurance policies bought on the travel insurance site Squaremouth is $308. That average hides a wide variation in costs. Comprehensive plans, for example, include trip cancellation coverage and run at an average of $403, while travel medical plans cost $97 on average.

Tip: If you plan to bring medications along with you on international travel, don't risk having them confiscated at the border.

Ellen writes and edits retirement stories. She joined Kiplinger in 2021 as an investment and personal finance writer, focusing on retirement, credit cards and related topics. She worked in the mutual fund industry for 15 years as a manager and sustainability analyst at Calvert Investments. She earned a master’s from U.C. Berkeley in international relations and Latin America and a B.A. from Haverford College.