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2016’s Best Credit Cards with Travel Insurance

cc-travel-benefits-2016Leisure travel represents a significant investment for consumers in terms of both time and money, so it’s no surprise that folks are interested in protecting their precious resources. But given that travel insurance packages typically cost 4% to 8% of the price of a trip, most of us seem content rolling the dice.

Unfortunately, while illness and natural disasters interfere with the travel plans of 1 in 6 Americans, according to the U.S. Travel Insurance Association, only 22% of those affected have travel insurance. The good news is that the solution might already be in your wallet. The travel-related benefits provided by credit cards extend well beyond points and miles, you see, and two of the most significant, yet under-acknowledged perks are auto rental insurance and general travel insurance.

Credit card travel insurance can reimburse cardholders in the event of cancelled 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, so you don’t want to exclusively rely on plastic before looking into the details of your policy.

With that in mind, CardHub compared 57 personal and 23 business credit cards from the 10 largest issuers to see what protection they offer beleaguered customers who’ve lost the logistical lottery when traveling. You can check out our findings, in addition to the methodology we used to rate each card, below.

Key Findings

Personal Cards

Type Of Insurance  Best Card(s) Runners-Up Market-Wide Snapshot
Travel Accident chase-sapphire-preferred_1008382c
Sapphire Preferred (Chase)
Coverage Amount: $500K
FlexPerks Travel Rewards (US Bank), Visa Signature (Wells Fargo), Home Rebate Visa Signature (Wells Fargo)
Coverage Amount: $1,000 k

All USAA Cards (except Rate Advantage Platinum Visa), Propel World (Wells Fargo)
Coverage Amount: $500K
92.98% of cards offer travel accident insurance, providing an average of $352K in coverage
Lost Luggage & Delayed Luggage chase-sapphire-preferred_1008382c
Sapphire Preferred (Chase)

citi-prestige_1020545c
Prestige Card (Citi)

Lost Luggage Coverage: $3K
Delayed Luggage Coverage: $500 per trip
Citi ThankYou Premier
ThankYou Premier (Citi)
Lost Luggage Coverage: $3K
Delayed Luggage Coverage: $100 per trip
42.11% of cards offer lost luggage insurance, with an average of $2.5K in coverage

26.30% of cards offer delayed luggage insurance, with an average of $300 in coverage
Trip Delay / Cancellation chase-sapphire-preferred_1008382c
Sapphire Preferred (Chase)
Trip Cancellation Coverage: $10K per trip
Trip Delay Coverage: $500 per ticket
citi-prestige_1020545c
Prestige Card (Citi)
Trip Cancellation Coverage: $5K per trip
Trip Delay Coverage: $500 per trip
33.3% of cards offer trip cancellation insurance, providing an average of $3.3K in coverage

5.26% of cards offer travel delay insurance, providing an average of $400 in coverage
Best Overall chase-sapphire-preferred_1008382c
Sapphire Preferred (Chase)
CardHub Score: 92.90%
Citi ThankYou Premier
ThankYou Premier (Citi)
CardHub Score: 85.75%
N/A

Business Cards

Type Of Insurance  Best Card(s) Runners-Up Market-Wide Snapshot
Travel Accident InkPlus_cardart
Ink Plus (Chase)
Coverage Amount: $500K
american-express-business-platinum_1444230c
Business Platinum (AmEx)
chase-ink-cash_0934265c
Ink Cash (Chase)

Coverage Amount: $500K
82.61% of cards offer travel accident insurance, providing an average of $313.1K in coverage
Lost Luggage & Delayed Luggage InkPlus_cardart
Ink Plus (Chase)
Lost Luggage Coverage: $3K
Delayed Luggage Coverage: $500 per trip
chase-ink-cash_0934265c
Ink Cash (Chase)

Lost Luggage Coverage: $3K
Delayed Luggage Coverage: $300 per trip
47.83% of cards offer lost luggage insurance, with an average of $2.5K in coverage

8.70% of cards offer delayed luggage insurance, with an average of $400 in coverage
Trip Delay / Cancellation InkPlus_cardart
Ink Plus (Chase)
Trip Cancellation Coverage: $5K per trip
Trip Delay Coverage: $500 per ticket
N/A Only 1 out of 23 business credit cards (4.3%) offers trip delay/cancellation insurance
Best Overall InkPlus_cardart
Ink Plus (Chase)
CardHub Score: 93%
chase-ink-cash_0934265c
Ink Cash (Chase)
CardHub Score: 84%
N/A

The Coverage You Can Expect

Example Of An Average Policy Best Policy
Sign Up No sign up or product registration required No sign up or product registration required
Travel Accident Insurance $100,000 for death and dismemberment.
If primary cardholder and authorized users, spouse / domestic partner are killed in a common carrier accident while traveling — or lose a limb, sight, speech or hearing — the benefit may offer some financial assistance.
$500,000 for death and dismemberment.
If 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 during your vacation — or lose a limb, sight, speech or hearing — the benefit may offer some financial assistance.
Luggage Insurance $1,750 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.
Extra Travel Insurance None Up to $10,000 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.
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). 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 AmEx Green Card Chase Sapphire Preferred

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Detailed Findings

Personal Cards

Rank Credit Card Name Luggage Insurance Travel Accident Insurance Eligibility, Cost & Extra Coverage Overall Score (weighted average)
1 Sapphire Preferred
(Chase)
90% 100% 88% 92.9%
2 ThankYou Premier
(Citi)
76% 95% 86% 85.75%
3 Prestige Card
(Citi)
90% 95% 68% 85.25%
T – 4 Home Rebate Visa Signature
(Wells Fargo)
55% 96% 98% 82.1%
T – 4 Visa Signature
(Wells Fargo)
55% 96% 98% 82.1%
6 Propel World
(Wells Fargo)
75% 96% 71% 81.15%
T – 7 Freedom Unlimited Card
(Chase)
55% 91% 100% 81.1%
T – 7 Freedom Visa Signature
(Chase)
55% 91% 100% 81.1%
9 ThankYou Preferred
(Citi)
55% 90% 98% 80%
10 Propel 365
(Wells Fargo)
75% 91% 59% 75.8%
T – 11 Cash+
(US Bank)
55% 96% 65% 72.35%
T – 11 Perks+
(US Bank)
55% 96% 65% 72.35%
T – 13 Quicksilver
(Capital One)
55% 91% 65% 70.6%
T – 13 VentureOne Rewards
(Capital One)
55% 91% 65% 70.6%
15 FlexPerks Travel Rewards
(US Bank)
55% 96% 59% 70.55%
T – 16 Travel Rewards Visa Signature
(BofA)
55% 90% 65% 70.25%
T – 16 Cash Rewards Visa Signature
(BofA)
55% 90% 65% 70.25%
T – 18 Rewards Card
(Barclaycard)
28% 91% 95% 70.15%
T – 18 Arrival
(Barclaycard)
28% 91% 95% 70.15%
T – 20 Rewards American Express
(USAA)
28% 96% 88% 69.65%
T – 20 Rewards Visa Signature
(USAA)
28% 96% 88% 69.65%
T – 20 Cash Rewards Visa Signature
(USAA)
28% 96% 88% 69.65%
T – 20 Cashback Rewards Plus American Express
(USAA)
28% 96% 88% 69.65%
T – 20 Cash Rewards American Express
(USAA)
28% 96% 88% 69.65%
T – 20 Cash Rewards Visa Signature
(USAA)
28% 96% 88% 69.65%
26 Venture Rewards
(Capital One)
55% 91% 53% 67%
27 Arrival Plus
(Barclaycard)
28% 91% 83% 66.55%
28 Platinum Card
(Amex)
55% 96% 35% 63.35%
T – 29 Green Card
(Amex)
47% 86% 53% 62.45%
T – 29 EveryDay Preferred
(Amex)
47% 86% 53% 62.45%
31 Premier Rewards Gold
(Amex)
47% 91% 41% 60.6%
T – 32 Double Cash
(Citi)
Not offered 90% 95% 60%
T – 32 Simplicity
(Citi)
Not offered 90% 95% 60%
34 Rate Advantage Platinum Visa
(USAA)
28% 91% 58% 58.9%
35 Gold Card
(Amex)
47% 86% 41% 58.85%
36 FlexPerks Select+
(US Bank)
Not offered 91% 65% 51.35%
T – 37 Rewards Card
(Wells Fargo)
Not offered 86% 70% 51.1%
T – 37 Home Rebate Card
(Wells Fargo)
Not offered 86% 70% 51.1%
T – 37 Platinum
(Wells Fargo)
Not offered 86% 70% 51.1%
T – 40 Visa Card
(BofA)
Not offered 86% 65% 49.6%
T – 40 Blue Cash Everyday
(Amex)
Not offered 86% 65% 49.6%
T – 40 EveryDay
(Amex)
Not offered 86% 65% 49.6%
T – 40 Blue
(Amex)
Not offered 86% 65% 49.6%
T – 40 Blue Sky
(Amex)
Not offered 86% 65% 49.6%
T – 45 Travel Rewards Visa Platinum
(BofA)
Not offered 85% 65% 49.25%
T – 45 Cash Rewards
(BofA)
Not offered 85% 65% 49.25%
T – 45 Better Balance Rewards
(BofA)
Not offered 85% 65% 49.25%
T – 48 Discover It
(Discover)
Not offered 81% 65% 47.85%
T – 48 Discover Miles
(Discover)
Not offered 81% 65% 47.85%
T – 50 QuicksilverOne
(Capital One)
Not offered 86% 59% 47.8%
T – 50 Platinum
(Capital One)
Not offered 86% 59% 47.8%
T – 52 Blue Cash Preferred
(Amex)
Not offered 86% 53% 46%
T – 52 Blue Sky Preferred
(Amex)
Not offered 86% 53% 46%
54 Propel
(Wells Fargo)
47% Not offered 20% 22.45%
T – 55 Ring
(Barclaycard)
Not offered Not offered Not offered 0%
T – 55 Slate
(Chase)
Not offered Not offered Not offered 0%
T – 55 Platinum Card
(US Bank)
Not offered Not offered Not offered 0%

Business Cards

Rank Credit Card Name Luggage Insurance Travel Accident Insurance Eligibility, Cost & Extra Coverage Overall Score (weighted average)
1 Ink Plus
(Chase)
90% 100% 88% 92.9%
2 Ink Cash
(Chase)
83% 96% 70% 83.65%
T – 3 Spark Cash Select
(Capital One)
55% 91% 65% 70.6%
T – 3 Spark Miles Select
(Capital One)
55% 91% 65% 70.6%
5 WorldPoints Travel Rewards for Business
(BofA)
55% 90% 65% 70.25%
T – 6 Spark Cash
(Capital One)
55% 91% 53% 67%
T – 6 Spark Miles
(Capital One)
55% 91% 53% 67%
T – 8 SimplyCash Plus Business Credit Card
(AmEx)
47% 86% 65% 66.05%
T – 8 Blue for Business
(AmEx)
47% 86% 65% 66.05%
10 Business Platinum
(AmEx)
55% 96% 35% 63.35%
11 Business Green Rewards
(AmEx)
47% 86% 53% 62.45%
12 Business Green Rewards
(AmEx)
47% 86% 41% 58.85%
T – 13 Business Elite Card
(Wells Fargo)
Not offered 91% 65% 51.35%
T – 13 Business Platinum Credit Card
(Wells Fargo)
Not offered 91% 65% 51.35%
15 FlexPerks Business Edge Travel Rewards Card
(US Bank)
Not offered 96% 53% 49.5%
T – 16 Cash Rewards for Business
(BofA)
Not offered 85% 65% 49.25%
T – 16 Platinum Visa Business Card
(BofA)
Not offered 85% 65% 49.25%
T – 16 Platinum Plus for Business
(BofA)
Not offered 85% 65% 49.25%
19 Business Preferred World MasterCard
(BofA)
Not offered 95% 41% 45.55%
T – 20 Spark Classic
(Capital One)
Not offered Not offered Not offered 0%
T – 20 Business Edge Platinum
(US Bank)
Not offered Not offered Not offered 0%
T – 20 Business Edge Platinum
(US Bank)
Not offered Not offered Not offered 0%
T – 20 Business Edge Select Rewards Card
(US Bank)
Not offered Not offered Not offered 0%

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Methodology

CardHub 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. All issuers responded to our questions and either confirmed the accuracy of our data or provided corrections, with the exception of U.S. Bank, which did not provide confirm the details on the FlexPerks Business Edge Travel Rewards Credit Card.

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 are 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)

3. Amount of coverage for lost luggage – Worth 40%

  • If the benefit amount is above $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 (e.g. coverage for delayed trips, cancelled trips and missed connections)? – Worth 30%

  • If additional travel insurance coverage is provided = 30%
  • If additional travel insurance coverage is not provided = No points (where applicable)

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 but coverage is not provided when purchases are paid for using rewards = 11.25%
  • If coverage is provided when purchases are paid for using rewards but sign up is required = 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)

Other Credit Card Benefits Studies

Editorial Disclaimer: Editorial content is not provided or commissioned by financial institutions. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are CardHub advertising partners. Our content is intended for general educational purposes and should not be relied upon as the sole basis for managing your finances. Furthermore, the materials on this website do not constitute legal advice and should not be relied upon as such. Please let us know if you have any questions or suggestions.

Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” on the offer's details page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At CardHub we try to list as many offers as possible but we don't make any representation of listing all available offers.

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