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Free Credit Card Travel Insurance Comparison – Which Card Is Best For You?

travel insuranceWhile vacations are intended to be worry free, Murphy’s Law states that when something can go wrong, it will go wrong. Hence the popularity and need for travel insurance.

From flight delays, to lost baggage, cancelled trips, car rental dings and sickness abroad, we’ve all either experienced or heard of a travel horror story. Travel insurance is a must to protect ourselves from the potentially devastating effects of having to pay for accidents out of pocket.

What most Canadians don’t know is that they already have insurance protection for many of the most important travel insurance coverages. Many of the best credit cards now offer comprehensive travel insurance as a card benefit, including: travel medical, car rental, travel accident, trip cancellation, trip interruption, trip delay, lost baggage, and motel burglary amongst others.

Just how good are the coverages, and which Canadian credit cards offer the best travel insurance packages is something that will vary by each person’s needs.

Credit Card Travel Insurance Comparison

TD Aeroplan Infinite Scotia Amex Gold BMO World Elite MasterCard Desjardins Visa Odyssey Gold National Bank World Elite MasterCard American Express Gold Rewards CIBC Aventura Visa Infinite RBC Avion Visa Infinite
Travel Medical 21 Cons. Days
4 Days/65+
25 Cons. Days
10 Days/65+
21 Cons. Days
No Coverage 65+
Up to 59 60 Cons. Days
50-64 31 Cons. Days
65-75 15 Cons. Days
Up to 54 60 Cons. Days
55-64 31 Cons. Days
65-74 15 Cons. Days
15 Cons. Days
No Coverage 65+
15 Cons. Days
3 Days/65+
15 Cons. Days
3 Days / 65+
Trip Cancellation $1,500 / person
$5,000 / group
$2,500 / person
$10,000 / group
$2,500 / person
$5,000 / group
 $2,500 / person $2,500 / person N/A $1,000 / person
$5,000 / group
$1,500 / person
$5,000 / group
Trip Interruption $5,000 / person
$25,000 / group
$2,500 / person
$10,000 / group
$2,000 / person  Unlimited $5,000 / person $1,500 / person
$6,000 / group
$2,000/ person $5,000 / person
$25,00 / group
Flight Delay $500 $500 $500  $200/day $500 $500 $500 $500
Lost Luggage $1,000 / person
No group limit
$1,000 / person
$1,000 / group
$750 / person
$2,000 / group
No group limit
$1,000 / person
No group limit
$500 / person
$500 / group
$500 / person
No group limit
$500 / person
$2,500 / group
Car Rental CDW, theft CDW, theft CDW, theft, ADD, Personal  effects  CDW, theft CDW, theft, Personal effects CDW, theft CDW, theft CDW, theft
Hotel/Motel Burglary N/A Yes N/A  N/A N/A Yes N/A Yes
Travel Accident $500,000 $500,000 $500,000  $1,000,000 N/A $500,000 $500,000 $500,000
Annual Fee
Sign-up Bonus
1st Yr Free. $120 after
30,000 Miles
$0 1st Yr.
$99 after
25,000 Points
20,000 Points
0 Points
0 Points
$0 1st Yr. $150 after
25,000 Points
15,000 Points
15,000 Points
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When selecting which credit card is right for you, you’ll want to evaluate the earning potential of each card, the point redemption options and structure, the annual fee, and obviously the insurance coverages. Travel insurance needs will vary by person, stage of life and travel type. But here are a few suggestions we have:

1. Always carry travel insurance when going out of province or country. Your provincial health-care plan does not cover all of the costs you can incur in a U.S. hospital. Typically you will only be covered for the equivalent cost of care in a Canadian hospital, which is far less.

2. Check for eligibility, limitations and exclusions.  People 55+, adventure travelers, motorcyclists, pregnant women should read the fine print of each insurance certificate.

3. If you have any health related issues prior to your trip they can impact availability of your protection.  Check your insurance certificate.

4. You have no medical secrets. When making a claim, your insurer will comb through your medical records to assess pre-existing conditions, what you’ve been treated for, when and what medications you’re on.

5. Rental car insurance on credit cards will only cover collision damages. You will need your own third party liability coverage (covers you if you hurt someone else).

6. Most credit card insurances (except for travel medical) only apply if you pay for the covered service with your credit card.. For example, you have to pay for your airline ticket with your credit card to be covered by its trip cancellation insurance.

Some credit cards offer phenomenal travel insurance coverages that will give you all you need. Others will get you halfway there, and you can top-up any holes with your insurance broker. When in doubt, review your insurance certificates and call the credit card company and/or its partnering insurance company. Either way, if you travel alone or with family, check to see what your credit card already covers you for, so you don’t pay twice.


  1. If I booked a flight with aeroplan points and pay the balance (tax & fees) with my Scotia Amex Gold card, am I still covered under the trip cancelation insurance from the card? The fine print says I’m only eligible if i charged at least 75% of trip cost to the card. So does this balance after points redemption count as the “full” cost of the trip? THANKS.

    • Hi Clark,

      Unfortunately, the policy will only cover any excess costs over and above the travel rewards provided by any reward or frequent flyer plan. The policy does not cover the value of the loss of any rewards or frequent flyer plan points, except Scotia Rewards points. In other words, if you booked the flight using your rewards points you are not eligible to be refunded the cost of your flight should it be cancelled. The taxes and fees you paid with your Scotiabank Gold American Express probably do not constitute 75% of the price of your trip, and so if it is cancelled only those funds will be returned to you in addition to the Scotia Rewards points you spent.

      We wish you a safe and pleasant journey,

      GreedyRates Staff

  2. Would be great if you could include the Capital One Aspire Travel card!

  3. This is a general question. If I charge my son’s trip with any of the above credit card that has free travel insurance, will he be covered if I am not travelling with him?

    • Hi Rosita,

      The answer is it depends on your card. There are examples of both, so you’ll have to check your card’s certificate of insurance or call to make doubly sure your’re reading it correctly (that’s what we do!).

      Hope that helps,

      GreedyRates Staff

  4. Hello, I have the ScotiaBank Gold Amex card and just wondering if it covers me if I am travelling to Asia for less then 25 days? It says that it covers out of province or territory in canada but does not state out of the country on their website or travel coverage certificate.

    • Hi Manny,

      Subject to any exclusions covered in the certificate of insurance, yes Scotia’s Travel Medical Insurance absolutely covers you when travelling outside of Canada – including Asia! Enjoy your trip.

      GreedyRates Staff

  5. It seems that the cards above really have great coverage. However, would it be enough for a cruise trip? Let’s say for a relatively short cruise of around $2500 a person. Would, let’s say the Amex Gold, has enough to cover it? I always heard people saying credit card’s insurance is not enough and people should purchase insurance specific for cruise!

    • Hi Edward,

      Thanks for writing in. We’d be glad to hunt down an answer for you. Just to be clear, so we research the correct answer, which insurance coverage are you referring to?

      GreedyRates Staff

      • Let’s start with trip cancellation/interruption. Besides of someone being sick or death, which is kind of standard coverage for all trip cancellation/interruption insurance. Would there be any specific items that could happen and covered by cruise specific insurance but not the credit card insurance? Such as loss of job, death of close relatives, home damage, jury duty, etc.?

        For medical, what if one of my family members needs to be transferred to hospital due to urgent medical needs (not pre-existing condition)? And we are in the middle of the sea? I understand this is kind of rare. But if it happens, it definitely could cause serious financial impact if it is not covered.

        Those are the items I would really need help with. It would be great if any credit card above can have sufficient coverage. My main concern is when down to the fine prints, would cruise specific insurance covers way more even both sides are under the same header like trip cancellation?

        By the way, my main focus is on insurance for Norwegian cruise, not sure if that help anything!

        Thanks a lot.

        • Hi Edward,

          With respect to trip cancellation, you are usually (each policy for each card may be different), covered for death, sickness, injury or quarantine of an immediate family member, travelling companion or their immediate family member. You can also be covered for an unexpected sickness, death or injury to a caregiver for one of your dependents. Cancellation of a meeting due to the death, injury or sickness of the person you were supposed to meet with. Jury duty selection. A travel advisory is issued by the government of Canada for your destination after you’ve booked your trip, a transfer by your employer requiring a change of address, catastrophic damage to your home, etc…

          Yes you may be covered if you fall sick on a cruise and are in international waters and require to be removed from the ship. That said, each card offers different exclusions so you’ll have to double check. However, in general you should be ok.

          Hope that helps,

          GreedyRates Staff

  6. What’s the bottom line on using canadian visa /mastercards for CDW car insurance coverage in UK and Europe. So far my research instructs me that I have no coverage for CDW abroad with RBC Avion visa infinite.

    Ar there other cards that do have this coverage as this CDW coverage is almost the same as the initial rental rate?


    • Hi Wayne,

      We just double checked with RBC and Aviva and the Avion’s Collision, Damage Waiver Car Rental Insurance covers you in EVERY country in the world – there are no country exclusion whether it be in the UK, Europe or anywhere else. We also reviewed the certificate of insurance and could not find any country exclusions either. Where are you seeing that the UK and Europe are excluded for CDW abroad with the RBC Avion Visa Infinite card?

      GreedyRates Staff

  7. Hi, I’m living in Canada and went on a trip to Germany, while in Germany i booked and paid with my cibc visa infinite a 7 day holiday with flight and hotel to spain. 3 days later i had to cancel the trip the night before departure to this spain trip as my dad passed away. Cibc visa is saying that if i paid for that trip while in Canada they would have covered the trip cancellation. Can i fight this?

    • Hi Udo,

      Sorry for the delay in response, we wanted to research your case with CIBC and Royal & Sun, who runs their trip cancellation insurance program for the Aventura Visa Infinite card. We were told that it does not matter where you book your flight. You are allowed to be outside of Canada. The only condition is that it has to be done with your credit card, and it has to be a round-trip flight, i.e. Germany-Spain, Spain-Germany.

      If that is the case, we would suggest you call Royal & Sun at 866-363-3338 and have them review your case.

      Hope that helps,

      GreedyRates Staff

  8. I have a Scotiabank Gold Passport Visa, which provides coverage for up to 30 days outside the country up to age 65. I plan to be going to the US for approximately three months this winter. I was in touch with their partner who quoted a premium for the entire time which was very high. I contacted the CAA and their premium, for what appeared to be a similar coverage was quite a bit lower. I do need to explore further to compare.

    I don’t want to be in a situation which I have read about where I buy secondary insurance and the first company declines because it was more than 30 days and the second company declines because I had another insurer. Am I best to simply cancel my credit card and get one with no travel insurance, as when I travel outside the country I am always with my husband who has coverage for both of us on his card, and buy insurance for those longer periods out of the country?

    • Hi Susan,

      Without knowing the terms, conditions and exclusions of each policy it’s really hard for us to provide accurate advice. We would not make the mistake of assuming all policies are the same. That said, we have never heard of anyone having to cancel their credit card to ensure coverage eligibility for a stand alone out of country travel medical policy.

      Clearly you will need some additional coverage, since the best credit card travel medical insurance will only cover you up to 60 consecutive days out of country. We’d recommend you speak with an insurance broker to help you find the best and most economical options in the marketplace, given your situation. A good broker will be able to help lay your options out for you.

      Hope that helps,

      GreedyRates Staff

  9. Was there a reason that Mastercard (I use CUcredit, an former credit union card) was not included? It gives 15 travel insurance.

    • Hi J Callaghan,

      There are several MasterCards included in the chart above. We tried to include some of the more popular cards in Canada, as well as a range of coverage qualities. Moreover, because the CUETS MasterCard World Elite is only available to participating credit union members, we did not included it in the chart above. That said, hopefully it gives you the information needed to asses the quality of coverage your card has relative to the market.

      The MasterCard World Elite product from CUETS, offers excellent insurance coverage. It comes close to Desjardins and National Bank, with its travel medical coverage for those up to 74 years of age, for 15 consecutive days, for $2M. However, the one coverage that seems to be missing is trip delay insurance.

      Hope that helps,

      GreedyRates Staff

      • FYI CUETS MasterCard IS available to NON credit union members. It just that non members cannot apply online, and have to use a different paper form available for the asking at some credit unions.

        • Hi Albert,

          We based our decision on the fact thate some credit unions allow non-members to apply for the CUETS card and others do not. Without doing an inventory of the hundreds of credit union policies, we’d feel bad sending people to the nearest credit union only to find out it doesn’t accept applications from non-members. In actual fact, most credit unions are NOT supposed to allow non-members to apply.

          We do get your point and it is valid. For those willing to put in the effort, it could be worth their while and the insurance program is solid!

          Thanks for writing in!

          GreedyRates Staff

  10. While I was checking the Cardholder Agreement Guide for TD Aeroplan Infinite card, it looked like the card provides ADD for rental car (Section 3 under COMMON CARRIER TRAVEL ACCIDENT INSURANCE). Wondering whether I noticed it correctly?


    • Hi Ronnie,

      Thanks for writing in and letting us know. Looks like you are correct:

      Section 3 – Rental Car Accident Coverage
      Benefits will be paid as specified in the Schedule of Benefits below if an Insured Person suffers a Loss while operating
      or riding as a passenger in, or boarding or alighting from any Rental Car provided that:
      (a) The cost of the Rental Car was fully charged to your Account; or paid either in full or partially using your Aeroplan
      Miles. If your Aeroplan Miles have only partially paid for the cost of your Rental Car, the balance of that cost must
      be fully charged to your Account; and
      (b) there has been no violation of the rental agreement by the Account Holder; and
      (c) the driver of the rented automobile is not legally intoxicated nor under influence of any narcotic unless prescribed by
      a licensed physician. The maximum benefit payable for any one Rental Car Accident is $2,000,000 in total.

      Nice benefit. Hopefully you never have to use it!

      GreedyRates Staff

  11. Terry Stephenson

    If as in the case of Amex Gold card the medical insurance only covers 15 consecutive days can a second card either Amex SPG or Visa Infinite First Class cover the remaining 7 days of a 21 day vacation?

    • Hi Terry,

      The coverage from each card will begin on the day you arrive in the other province or country. As such, you cannot combine the coverage days from each card to engineer a longer coverage period.

      Nice thinking though!

      GreedyRates Staff

  12. hi – I have a Scotia Amex Gold card.

    I understand that there is a 25 day limit [for under 65’s]. But how many trips can I make in one year? I drive into the states regularly [perhaps 4-5 times] for a couple of weeks duration to visit family. Am I covered for each trip? and what happens for the remainder of the year if I do make a claim?


    • Hi Karen,

      You are covered for each trip, up to 25 consecutive days each. That means you can go for one trip that is 20 days, come back home, then go on a second trip that is 22 days, repeatedly and be covered throughout. Making a claim should not impact your future coverage, unless there are claim amount (dollar) maximums for a given time period, which there usually are.

      Hope that helps,

      GreedyRates Staff

  13. Sorry if this is a dumb question, but you have to book your travel under the credit card in order to benefit from that credit card’s travel insurance coverage, correct? I am planning a trip to Tanzania and want to wire the funds to avoid the 2.5% incremental fee they will charge if I use a credit card. So if I don’t charge the trip on my credit card, then I wouldn’t be covered, correct?

    • Hi Cindy,

      Not a dumb question at all! The answer depends on what type of travel insurance your referring to. You do NOT need to book your trip through your credit card for out of country travel medical insurance coverage. Even if you drive into the U.S. you will be covered. However, for most other travel insurances like trip cancellation, trip delay, trip interruption, or lost baggage, you do have to book the trip through your credit card.

      Hope that helps,

      GreedyRates Staff

  14. When you updated this article, why did you not include the card you described elsewhere as the best card for insurance: the Desjardin Odyssey?

  15. Great comparison. Would be great if you could do a deeper dive how medical insurance offerings vary. i.e., what sorts of pre-approvals are required for coverage once an emergency situation occurs, how are reimbursements made…are receipts required or can the foreign entity bill the credit card company directly for reimbursement, how difficult is it to get reimbursed from the card company as well and are some more unreasonable to deal with than others. Always good to know what sorts of ‘gotchas’ might exist ahead of time. Realize some of these questions are more of the qualitative nature but it would be useful to leverage the wealth of experience that must exist, both good and bad.

    One offering you haven’t listed here that my card, the Visa Desjardins Travel Gold has is Emergency Travel Assistance. This is tied in with with medical emergency situations but covers a broad range of services beyond that including assistance with stolen documents and identification, cash advances as well as the aforementioned medical assistance.

    Also, now that I’m retired and my wife and I have a much reduced income relative to when we were working, I’m wondering if the card companies base their approvals on net assets, which in our case is reasonable, or is annual income the only factor that matters. It would be good to know that if we found a card that better suited our needs that our modest income wouldn’t be an impediment, or are we now ‘stuck’ with the card we now have because we wouldn’t qualify for any of the others, simply because they look at income only.

    Thank you.

    • Hi Greg,

      That’s a big project! Unfortunately we don’t have the data to qualitatively judge and compare travel medical offerings fairly i.e. understanding claims turndown ratios, amount funded versus claimed etc… Agree on Desjardins, a great insurance offering, but their appetite for cardholders outside of Quebec is limited.

      The question of getting approved for a premium card based on assets is interesting. In the United States it’s done. The income requirements are actually set by MasterCard and Visa. In Canada, as far as we can tell after making a few calls, MasterCard and Visa only have minimum income requirements, there is no “and/or” asset threshold unfortunately. That said, income verification is kind of loosey goosey.

      GreedyRates Staff

      • Thanks for your response. I realize that what I was asking is a tall order but as a consumer one is really flying blind as there isn’t any comparison information out there. The implications of this is that one often doesn’t find out the shortcomings of these offerings until it is too late, potentially at great financial costs and personal anxiety.

        Re Desjardins, I live in BC and have obtained the card through Coast Capital Savings, a BC based financial institution that uses Desjardins Visa services. I’m not sure if smaller institutions in other provinces use them as well. If not, you are correct in that they are somewhat limited outside of Quebec. I would say that their offering compares very favourably to the ones you’ve listed in your article but your Quebec comment helps explain why I never see their offering in any review comparisons.

        You might also be interested that they also offer 1% cash back and this can be used to offset travel purchases. (They used to offer 2% on foreign currency transactions but regrettably, this was cancelled.) I realize your article focussed on Insurance only but it would be interesting to see what the other cards’ cash back offerings are as well.

        Thanks again

        • Hi Greg,

          With respect to the rewards value offered by the cards, most offer more than 1% in value. While none are cash back cards, they either offer points or miles that can be redeemed for travel. As such most listed above offer in general between 1.5% to 2% in cash value. In addition, many have very attractive sign-up bonus offers, which you should always strongly consider – unfortunately new customers get rewarded more than old customers with incentives – as is the case in most industries.


          GreedyRates Staff

  16. Hi, thank you for this one-stop detailed table summary of premium credit card travel insurance packages and caveat footnotes. Would you be able to please point out where on the National Bank World Elite MasterCard certificate you find their 500,000 Travel Accident coverage?

  17. Good overview. But are secondary users covered too?

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