One of the best journey insurance coverage bank cards in Canada for 2024

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If you happen to’re one of many practically 80% of Canadians planning a visit exterior your province or territory this 12 months, you’re going to wish to use a journey bank card with stable insurance coverage. The forms of protection you’ll want—and the perks and advantages which can be most beneficial to you—will depend upon the kind of journey you’re taking, so we’ve damaged down our favourites into classes.

Finest journey insurance coverage bank cards	Why we adore it
Finest journey insurance coverage bank card total Nationwide Financial institution World Elite Mastercard Annual price: $150	Emergency medical protection for journeys of as much as 60 days (15 days for seniors over 65), plus stable journey cancellation and automotive rental insurance coverage, and extra
Finest card with an annual price (honourable point out) Scotiabank Passport Visa Infinite Annual price: $150	Emergency medical protection for as much as 21 days—on limitless journeys per 12 months
Finest card with an annual price (honourable point out) BMO CashBack World Elite Mastercard Annual price: $120	BMO Roadside Help Program advantages via a free, fundamental membership within the Dominion Car Affiliation
Finest card with an annual price (honourable point out) TD First Class Journey Visa Infinite Card Annual price: $139	Journey cancellation insurance coverage of as much as $1,500 per particular person
Finest journey insurance coverage bank card with no annual price Rogers Purple World Elite Mastercard Annual price: $0	Get six forms of journey insurance coverage protection with out committing to an annual price

Finest journey insurance coverage bank card total

At a look: The Nationwide Financial institution World Elite Mastercard doubles the insurance coverage protection you get with many different playing cards, together with many on this checklist. Not solely does it supply a variety of insurance coverage coverages—from emergency medical to journey cancelling, baggage delay and automotive rental protection—however the protection quantities are additionally spectacular (living proof: $5,000 in journey cancellation protection). Most notable is the length of emergency medical protection, together with for seniors over the age of 65.

Professionals

• Travellers with the Nationwide Financial institution World Elite Mastercard get $5 million in emergency medical protection for journeys of as much as 60 days, which is thrice longer than many different top-tier journey insurance coverage playing cards.  
• With different playing cards, the protection interval for travellers aged 65 and older is usually very quick, round 3 to five days. With this card, seniors are lined for journeys of as much as 15 days—greater than thrice as lengthy—till they attain the age of 75. 
• The automotive rental insurance coverage protection applies to leases of as much as 48 days, which is longer than most different playing cards. 
• You’re lined towards inconveniences throughout your travels, with above-average journey cancellation protection of $2,500 and journey interruption protection of $5,000. 
• The cardboard’s ingenious journey price reimbursements system can cowl you for as much as $150 yearly for travel-related prices like airport parking, seat choice, and checked baggage charges.
• Cardholders have limitless entry to the Nationwide Financial institution Lounge on the Pierre Elliott Trudeau airport in Montreal.

Cons

• This card doesn’t include journey accident protection, which suggests you wouldn’t be lined for accidents that happen whereas travelling on a standard provider, akin to an airplane or practice. 
• The annual price of $150 is increased than another playing cards on this class.
• The revenue necessities are excessive, at $80,000 private or $150,000 for the family.

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Honourable mentions: Finest journey insurance coverage playing cards with an annual price

At a look: It might be arduous to overstate the perks of lounge entry. Whenever you use this card to your journey bills, you get simply that: a worry-free haven. The Scotiabank Passport Journey Visa Infinite is a top-notch journey card in its personal proper, providing a stable suite of journey and automotive rental insurance coverage protection. These below 65 rise up to 25 days of journey medical insurance coverage, which is spectacular in comparison with another playing cards on this checklist. If you happen to’re aged 65 or older although, you might be solely lined for 3 days. The cardboard additionally boasts protection for journey cancellation, flight delays, misplaced baggage, rental automotive collision/ harm, accident insurance coverage and extra.

Professionals

• Comes with complimentary Visa Airport Companion membership and 6 lounge passes per 12 months, good for greater than 1,200 lounges worldwide.

• You received’t be charged a international change price on purchases made in different currencies.

• This card has an excellent insurance coverage providing that features as much as 25 days of journey medical insurance coverage for these below 65 years of age plus journey cancellation, flight delays, misplaced baggage, rental automotive collision/ harm, accident insurance coverage and extra.

Cons

• Vacationers aged 65 or older are solely eligible for 3 days of journey medical insurance coverage.
• The rewards on supply listed below are decrease than what’s supplied with another premium bank cards.
• The $60,000 private or $100,000 family revenue necessities can be out of attain for some.

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At a look: Canadians are privileged with regards to healthcare, so it’s no shock we wish to journey with sturdy medical insurance coverage. Whereas many bank cards supply medical protection of as much as $1 million, the Ascend World Elite Mastercard doubles that, providing $5 million in protection for as much as 21 days of journey—on limitless journeys per 12 months. You’ll additionally get journey accident insurance coverage, which covers you and your partner and dependants for as much as $500,000 on passenger planes, busses, taxis, trains and cruise ships.

Professionals

• The Ascend World Elite Mastercard provides $5 million in protection for as much as 21 days of journey—on limitless journeys per 12 months.
• With the delayed and loss baggage insurance coverage you’ll be reimbursed as much as $500 per insured particular person in case your luggage are misplaced or broken, and in case your checked luggage are delayed greater than 6 hours, you’ll get $500 to buy necessities, too.
• Contains membership in Mastercard Journey Go and comes with 4 free passes yearly.
• You will get a reduction of as much as seven cents per litre at Shell whenever you pay with this card.

Cons

• After your first 4 lounge passes, you’ll must pay US$32 per go to.
• This card has an annual price of $150, which is increased than another playing cards on this class.
• The revenue necessities are excessive, at $80,000 private or $150,000 for the family.

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At a look: Many journey bank cards give attention to air journey however for the highway trippers amongst us, we’ve chosen the BMO CashBack World Elite Mastercard. Cardmembers are lined by the BMO World Elite Complete Journey and Medical Safety package deal, which incorporates collision harm waiver advantages on rental vehicles and eight days of out-of-province and out-of-country emergency medical advantages as much as $5 million. Plus, it features a free, fundamental membership within the Dominion Car Affiliation and the advantages of its BMO Roadside Help Program.

Professionals

• Cardmembers are lined by the BMO World Elite Complete Journey and Medical Safety package deal, which incorporates collision harm waiver advantages on rental vehicles and eight days of out-of-province and out-of-country emergency medical advantages as much as $5 million. 
• Features a free, fundamental membership within the Dominion Car Affiliation and the advantages of its BMO Roadside Help Program.
• At 5%, this card has the best money again earn charge on groceries in Canada.
• Helps you to earn money again in ceaselessly used classes which you’ll be able to redeem on demand.

Cons

• Though this card provides extraordinarily aggressive earn charges, there are low month-to-month caps on bonus classes: $500 in groceries, $300 in transit, gasoline, and EV charging, and $500 in recurring payments. Any purchases over these month-to-month limits will earn on the 1% base charge.
• The revenue necessities are excessive, at $80,000 private or $150,000 for the family.

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At a look: The TD First Class Journey Visa Infinite provides as much as $1,500 per particular person in journey cancellation insurance coverage. This, together with the medical insurance coverage protection, frequent provider journey accident safety, delayed or misplaced baggage protection, and journey help, ought to enable you to relaxation simple as you propose your journey.

Professionals

• Cardholders can get an annual $100 credit score once they e-book with Expedia for TD.
• Cardholders get an annual birthday bonus of 10% of their yearly purchases again as TD Rewards factors. 
• There are not any journey blackouts, restrictions, or expiry on TD Rewards Factors.

Cons

• It’s important to e-book with Expedia for TD to get the $100 journey credit score.
• There’s a cap of 10,000 TD Rewards factors for the birthday bonus.
• The minimal private annual revenue is $60,000 and the family revenue is $100,000.

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Finest no-fee journey insurance coverage bank card

At a look: If you need a journey insurance coverage bank card with out committing to an annual price, try the Rogers Purple World Elite Mastercard. Not solely does this no-fee card embrace invaluable journey and rental automotive insurance coverage with perks like free Boingo Wi-Fi, it’s additionally a money again card. Because of this for each $1 you spend on the cardboard you’ll get again 1.5% (or 2% in the event you’re a Rogers, Fido or Shaw buyer).

Professionals

• Playing cards with no annual price normally don’t include journey insurance coverage, however this card comes with six forms of protection, together with emergency medical for as much as 10 days, and automotive rental theft and harm protection for as much as 31 days. 
• You’ll be able to earn 1.5% money again on all of your purchases (or 2% in the event you’re a Rogers, Fido or Shaw buyer). Plus, with 3% money again on transactions in U.S. {dollars}, you’ll save on international transaction charges, too.
• Whereas most World Elite playing cards include an annual price, the Rogers Purple provides you World Elite advantages like reductions on Reserving.com and free Boingo Wi-Fi for gratis.

Cons

To be authorised, you’ll want a private revenue of not less than $80,000 or family revenue of not less than $150,000.

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How does bank card journey insurance coverage work?

Each insurance coverage package deal is tailor-made to a selected card and program however basically, the method is straightforward. You’ll normally must e-book your journey on that bank card however totally different playing cards have totally different guidelines. For instance, some say you could e-book 100% of your journey on the cardboard whereas others don’t have that stipulation. Learn your paperwork to find out your obligations. When you e-book, you’ll routinely have entry to the included protection. You don’t must notify the bank card firm that you just’re touring or name to activate the protection. That stated, we at all times advocate that you just learn the documentation out of your bank card firm. 

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