If you are looking for information about the best credit cards with trip cancellation insurance, then you are at the right place.
You have spent hours planning your next trip. From shopping to tickets, you spend a good sum of money. Then, unfortunately, you have to cancel the trip due to some unforeseen issues. You can wear the clothes later, but what about the tickets? They are of no use any longer. But if you had a credit card with travel insurance, you could get your money back.
Credit cards such as Chase Sapphire Reserve, United Club Infinite Card, American Express, Capital One Venture X Rewards Credit Card, etc., offer you trip cancellation insurance. They will back you financially if you have to cancel your trip for emergencies.
You will be able to plan more confidently with such credit cards. Let’s see in detail how these cards work and which one might be the best option for you.
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Top 5 Best Cards with Trip Cancellation Insurance
| Credit Card | Welcome Bonus | Annual Fee | Regular APR |
| Platinum Card® from American Express | 80,000 points | $695 | See Pay Over Time APR |
| Chase Sapphire Reserve | 60,000 points | $550 | 22.24% – 29.24% Variable |
| United Club℠ Infinite Card | 80,000 points | $525 | 21.49% – 28.49% Variable |
| Chase Sapphire Preferred® Card | 60,000 points | $95 | 21.24% – 28.24% Variable |
| Capital One Venture X Rewards Credit Card | 75,000 miles | $395 | 21.99% – 28.99% (Variable) |
1. Platinum Card® from American Express
| Trip cancellation | Per Person $10,000 | Per Trip up to $1500 | Per Year $40,000 |
| Trip interruption | Per Person $10,000 | Per Trip $20,000 | Per Year $40,000 |
| Trip delay | Up to $500 per ticket (after six hours) | ||
| Baggage delay | Up to $100 (each day for five days) | ||
| Lost luggage | $3,000 (maximum) per passenger. | ||
| Travel accident | $1,000,000 (maximum) | ||
| Rental car insurance | $75,000 (maximum) | ||
The platinum card from American Express is among the popular credit cards with travel insurance. Apart from other travel coverages, it also includes trip cancellation and interruption insurance. You can get up to $10,000 per person and a maximum of $20,000 on a trip. And that is not all.
The American Express Card takes responsibility for your travel protection all year round. Their insurance coverage backs you up with a maximum of $40,000 in a year. You can also get assistance from them if there are trip delays.
You can see that you can get many travel insurance benefits by paying your travel expenses using a platinum card. Because of their so many facilities, American Express, without a doubt, is one of the best travel credit cards. Along with trip cancellation and trip interruption insurance coverages, they also provide you with other coverages such as:
- Trip delay
- Baggage delay
- Lost luggage
- Travel accident, and
- Car insurance for rental cars
With Platinum Credit Cards from American Express, you can confidently make your trip plans, knowing that you will get help if something unexpected happens.
2. Chase Sapphire Reserve
| Trip cancellation | Per Person $10,000 | Per Trip $20,000 | |
| Baggage delay | Per day $100 per (up to five days) | ||
| Lost luggage | $3,000 | ||
| Travel accident | $1,000,000 | ||
| Rental car insurance | $75,000 (maximum for physical damage or theft) | ||
Chase Sapphire Reserve is another very handy component for regular travelers. According to their policy, they provide up to $10,000 reimbursement to every Chase credit card issuer. The amount can rise up to $20,000. This almost covers your travel expenses, if not completely.
Chase credit cards also have trip delay insurance as well as travel accident insurance. Their policy states that you can receive an amount of $1,000,000 for your medical and other treatment after an accident.
You need to file a claim and fill up a form stating the reasons for your cancellation. You will receive the money without much hassle if you have legitimate reasons to cancel a trip.
3. United Club℠ Infinite Card
| Trip cancellation | Per Person $10,000 | Per Trip $20,000 | |
| Trip interruption | Per Person $10,000 | Per Trip $20,000 | |
| Trip delay | $500 per ticket (maximum) after 12 hours | ||
| Baggage delay | $100 (after six hours) for 3 days | ||
| Lost luggage | $3,000 per passenger | ||
| Travel accident | $500,000 | ||
| Rental car insurance | Entire rental cost | ||
The United Club Infinite Card insurance covers you for trip cancellation and interruption, baggage delay, travel accidents, trip delay, and more. The insurance company will pay up to $20,000 per trip cancellation. If you were planning to travel alone, then the amount will be halved, a maximum of $10,000.
The travel insurance policy of Infinite Cards also backs you for accidents. You will get 80,000 welcome bonus points for registering. The annual fee is also less than many of the other companies, which is only $525 annually.
You can get travel rewards for booking restaurants and tickets using the infinite card. And when there is an emergency to cancel the trip, you will be paid for your tickets and others.
4. Chase Sapphire Preferred® Card
| Trip cancellation | Per Person $10,000 | Per Trip $20,000 | Per Year $40,000 |
| Trip interruption | Per Person $10,000 | Per Trip $20,000 | Per Year $40,000 |
| Trip delay | $500 per ticket (maximum) | ||
| Baggage delay | $100 per day (maximum, up to five days) | ||
| Lost luggage | $3,000 per passenger (maximum) | ||
| Travel accident | $500,000. (maximum) | ||
| Rental car insurance | Equal to the cash value of the car (maximum) | ||
Chase Sapphire Preferred Card is another good option that offers cancellation and interruption coverage. Their cancellation coverage offers up to $10,000 per person and $20,000 in a trip. You can see that their trip cancellation coverage is identical to American Express. But there is a huge difference in their annual fees.
While American Express charges you nearly $700, Sapphire Preferred comes at only $95. You can get bonus points by using their cards for travel and dining. Redeeming the points will add extra discounts. These travel cards also pay for the trip if it is delayed or interrupted.
If you face any accident with rental cars, they will cover you with money up to equal to the cash value of the car. Their trip cancellation and interruption coverage policy clearly states the situations when you can make a claim. Their transparency and honesty also make them a good choice among travelers.
5. Capital One Venture X Rewards Credit Card
| Trip Cancellation | up to $2,000 per insured person | ||
| Lost luggage | $3,000 per passenger ($2000 for NY state residents) | ||
| Travel accident | $250,000 (maximum) | ||
| Rental car insurance | Pays for damage or theft, some restrictions applicable | ||
A few credit cards offer trip cancellation, and the Capital One Venture X Reward credit card is one of them. The reward card offers up to $2000 for trip cancellation with reasons that fall under their policy. Their service comes at an annual fee of only $395 a year. It makes them more cost-effective than American Express and Chase Sapphire Reserve.
When You Can Claim for Trip Cancellation Coverage
Insurance companies offer you trip cancellation coverages, but that does not mean that you can cancel your trips whenever you want for no particular reason. Instead, there is some eligibility regarding the claim. Though it can vary from company to company, you should read about their policies carefully.
- Any bodily accident of you or your travel companions
- If your travel companion is sick or dies
- Accidents or sickness of an immediate family member that requires your present
- Disastrous weather makes traveling riskier. However, the weather condition has to meet certain requirements of the company’s policy.
- If there is any sudden change of military order on you, your travel companion, or your spouse
- If the residence of the travelers is damaged by natural phenomena or burglarized
- If there are any unforeseen problems in your designated place. If your host dies or some other eligible problems mentioned in the policy
- Any organized strike that affects public transportation and you or your companion at least lost 20% of your trip or departure.
FAQs
Does a Visa credit card cover trip cancellation?
Yes, a Visa credit card covers trip cancellation under certain conditions. The payments need to be made by card; if you do so, then you are already subjected to their policy. However, there are some other terms and conditions that you should learn first.
Do any credit cards offer trip cancellation insurance?
While most credit cards offer travel insurance as well as trip cancellation coverage, there are some exceptions. Some credit cards do not cover you for trip cancellation under any circumstances. You should check on the policies before making your payment.
Is there any limit on trip cancellation coverage?
Yes, every credit card has its limitations regarding its trip cancellation coverage. The amount can vary from $2000 to $10,000 per person and up to $20,000 per trip. American Express, Chase Sapphire, and United Club offer some of the best trip cancellation coverage limits.
How do I file a trip cancellation or trip interruption insurance claim?
You should first check on the travel policy to ensure your eligibility. Next, gather the necessary documents, and submit your claim with the necessary documents. The insurance company will take a few days to review your claim and provide you with the money if everything is okay.
If I pay for my trip with Ultimate Rewards points, am I still covered for trip cancellation?
If you use only your rewards points to book a trip, then you will not be eligible for trip cancellation coverage. You need to make some payment with your card balance for eligibility. The minimum amount can vary. You should check the updated policy.
Conclusion: Credit Cards with Trip Cancellation Insurance
Being covered for trip cancellation can make you confident while planning your tours and trips. You do not need to be worried about sudden changes in situations such as health issues, weather, or political issues.
You can make your plans, and if there are any emergencies, you can cancel your trip and get financial coverage from your credit cards. There are several options available for you. Check the policy of each company before making your final call.
