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Why Credit Card Travel Insurance May Fall Short

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Key Take Aways:

  1. Travel Accident coverage ONLY covers for loss of life, or serious injury which is defined as loss of limb, sight, or hearing due to the accident.  This does NOT cover medical expenses for anything else, such as, illness, injury, etc. If traveling internationally I feel it is still vital to get a separate travel insurance policy to make sure you have adequate medical coverage. It’s very rare that your health insurance at home with actually cover you due to coding being so different in other countries.

  2. There are great benefits for travel protection with these credit cards, so I do recommend booking your trip with one of these cards (even better if you can do multiple so you have options. But do NOT consider this as medical travel insurance. Many travel insurance plans far exceed what is offered from a travel credit card policy.



Chase Sapphire Preferred

  • Travel Insurance: Includes trip cancellation/interruption insurance, trip delay coverage, and baggage delay coverage. Travel accident insurance provides up to $500,000 for serious injury (loss of limb, sight, or hearing) or death. NOTE: This does NOT cover medical expenses for other injuries, illnesses, etc.

  • Rental Car Coverage: Offers primary coverage for theft and collision damage, covering most rentals in the U.S. and abroad. This does NOT include luxury/exotic cars.

  • Other Benefits: No foreign transaction fees, access to purchase protection, and extended warranty coverage.

  • Sources:

    • The Smart Investor

    • Chase Benefits Guide


Chase Sapphire Reserve

  • Travel Insurance: Provides trip cancellation/interruption insurance, trip delay coverage, and lost luggage reimbursement. Travel accident insurance coverage is up to $1,000,000. for serious injury (loss of limb, sight, or hearing) or death

  • Rental Car Coverage: Primary coverage for theft and damage with limits that may cover exotic cars.

  • Other Benefits: Access to luxury airport lounges, significant earning potential on travel and dining, and no foreign transaction fees.

  • Sources:

    • Chase Benefits Guide

    • The Points Guy


Capital One Venture

  • Travel Insurance: Limited travel insurance features; primarily rewards-focused.

  • Rental Car Coverage: Secondary coverage for rental cars (you must file with your personal auto insurance first).

  • Other Benefits: No foreign transaction fees, ability to earn 2x miles on all purchases, and redemption flexibility for travel expenses.

  • Sources:

    • NerdWallet


Capital One Venture X

  • Travel Insurance: Similar to the Venture card, primarily includes accidental death and dismemberment insurance.

  • Rental Car Coverage: Primary coverage for rental cars, similar to the Chase Sapphire cards.

  • Other Benefits: Access to luxury airport lounges, significant bonus miles on travel purchases, and no foreign transaction fees.

  • Sources:

    • NerdWallet


Chase Southwest Personal Card

  • Travel Insurance: Provides travel accident insurance (death or dismemberment only) with coverage up to $500,000.

  • Rental Car Coverage: Offers secondary rental car insurance coverage.

  • Other Benefits: Excellent earning potential on Southwest Airlines flights, points that can be redeemed for flights and other travel perks.

  • Sources:

    • Chase Benefits Guide


Chase World of Hyatt

  • Travel Insurance: Includes travel accident insurance up to $500,000. (death or dismemberment only)

  • Rental Car Coverage: Similar to other Chase cards, offers secondary rental car insurance.

  • Other Benefits: Strong rewards for Hyatt stays, points that can lead to elite status and free nights at Hyatt properties.

  • Sources:

    • Chase Benefits Guide

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