Many Canadian bank cards include built-in journey insurance coverage advantages, corresponding to emergency medical protection, journey cancellation safety, and flight delay compensation, which might save vacationers surprising out-of-pocket bills. Our listing of one of the best bank cards for journey insurance coverage consists of these advantages and extra.
The perfect journey insurance coverage bank cards in canada
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Gold: one of the best journey insurance coverage card
Nationwide Financial institution Mastercard World Elite
It comes with emergency medical insurance coverage for journeys as much as 60 days (underneath 54), plus flight cancellation, automobile rental insurance coverage, and extra.
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Rates of interest:
20.99% buy, 22.49% money advance, 22.49% stability switch
Welcome supply:
worth $320
Earn as much as 40,000 reward factors. You should apply by March 31, 2025.
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Silver: one of the best journey insurance coverage card
RBC Avion Visa Infinite Privilege
Get limitless emergency medical insurance coverage for journeys as much as 31 days (underneath 64). Folks over 65 years of age have protection for as much as 7 days.
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Rates of interest:
20.99% buy, 22.99% money advance, 22.99% stability switch
Welcome supply:
Worth of $1179
Earn 55,000 Avion factors. Apply earlier than January 15, 2025
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Bronze: Greatest Journey Insurance coverage Card
Scotiabank Platinum American Categorical Card
It comes with the complete set of coverages, together with emergency medical take care of folks over 75 years of age. No overseas transaction charges or factors on each buy.
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Rates of interest:
9.99% buy, 9.99% money advance, 22.99% stability switch
Welcome supply:
worth of $600
Earn as much as $2,500 in worth in your first 14 months, together with as much as 80,000 bonus Scene+ factors. Supply ends January 3, 2025.
MoneySense Award Winners
Dive into the professionals and cons of our gold, silver, and bronze-winning bank cards for journey insurance coverage, in addition to our no-fee different.
Gold: one of the best bank card for journey insurance coverage
At a look: The Nationwide Financial institution World Elite Mastercard is one of the best bank card with journey insurance coverage in Canada. Not solely does it supply a variety of insurance coverage protection, from medical emergencies to journey cancellation, baggage delay and automobile rental insurance coverage—However the protection quantities are additionally spectacular. Most notable is the size of emergency medical protection for vacationers aged 54 and underneath: at 60 days, it is triple the size of many different journey insurance coverage playing cards in Canada.
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Nationwide Financial institution Mastercard World Elite
Annual price: $150
Welcome supply: Earn as much as 40,000 factors.
Card particulars
| Rates of interest | 20.99% on purchases, 22.49% on money advances, 22.49% on stability transfers |
| Required earnings | Private earnings of $80,000 or household earnings of $150,000 |
| credit score rating | 760 or greater |
| Level worth | 1 level is value $0.01 when redeemed utilizing the Nationwide Financial institution À La Carte Rewards Plan. |
Silver: one of the best bank card for journey insurance coverage
At a look: RBC Avion Visa Infinite Privilege is our runner-up in one of the best bank cards with journey insurance coverage class. It is the one card with limitless emergency medical protection, a profit that applies even to Canadians aged 65 and older. The cardboard comes with all the opposite coverages you would possibly anticipate from a premium. journey bank cardtogether with journey accident insurance coverage, journey cancellation, rental automobile and resort theft. Nevertheless, you’ll need a excessive private or family earnings to qualify.
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RBC Avion Visa Infinite Privilege
Annual price: $399
Welcome supply: Earn as much as 55,000 Avion factors ($1,178 worth).
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances and stability transfers |
| Required earnings | $200,000 per 12 months |
| credit score rating | 760 or greater |
| Level worth | 1 RBC Avion level = As much as $0.023 when redeemed for journey utilizing the RBC Air Journey Redemption Program. |
Bronze: Greatest bank card for journey insurance coverage in Canada
At a look: The Scotiabank Platinum American Categorical Card rounds out the three finest bank cards for journey insurance coverage. No different card provides 10-day emergency medical insurance to Canadian seniors aged 75 and older. And there is much more to like than simply the excellent insurance coverage bundle, together with the advantage of no overseas transaction charges in forex purchases. Cardholders earn 2 Scene+ factors for each greenback spent.
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Scotiabank Platinum Amex
Annual price: $399
Welcome supply: Earn as much as $2,500 in worth in your first 14 months, together with as much as 80,000 bonus Scene+ factors. Supply ends October 31, 2025.
Card particulars
| Rates of interest | 9.99% on purchases, 9.99% on money advances, 22.99% on stability transfers |
| Required earnings | $12,000 per 12 months |
| credit score rating | 760 or greater |
| Level worth | 1 Scene+ level = $0.01 when redeemed for journey on any airline or resort (together with Airbnbs). |
The perfect journey insurance coverage bank card with out annual price
At a look: If you’d like a journey insurance coverage bank card with no annual price, the Rogers Crimson World Elite Mastercard must be excessive in your listing. Not solely does it embody invaluable journey and automobile rental insurance coverage, however it’s also one of many Greatest Money Again Credit score Playing cards in Canada. For each $1 you spend, you may obtain at the least 1.5% money again.
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Rogers Crimson World Elite Mastercard
Annual price: $0
Welcome supply: None presently.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Required earnings | $80,000 per 12 months |
| credit score rating | 725 or greater |
Benefits
- No annual price: Playing cards with no annual price usually do not include journey insurance coverage, however this card comes with six varieties of protection, together with medical emergency for as much as 10 days and automobile rental theft and harm protection for as much as 31 days.
- Earnings returned in barrel: Earn 1.5% money again on all of your purchases (or 2% if you happen to’re a Rogers, Fido, or Shaw buyer). Plus, with 3% money again on US greenback transactions, you may additionally save on overseas transaction charges.
Cons
- Excessive earnings necessities: To be authorised, you’ll need a private earnings of at the least $80,000 or a household earnings of at the least $150,000.
How does bank card journey insurance coverage work?
Every insurance coverage bundle is tailor-made to a particular card and program, however total the method is easy. Sometimes, you may should e book your journey with that bank card, however every card has totally different guidelines. For instance, some say you could e book 100% of your journey with the cardboard whereas others haven’t got that stipulation. Learn your paperwork to find out your obligations. When you e book, you’ll mechanically have entry to the included coverages. There isn’t any must notify your bank card firm that you’re touring or name to activate protection. That stated, we at all times suggest studying your bank card firm’s documentation.
