Many Canadian bank cards include built-in journey insurance coverage advantages, comparable to emergency medical protection, journey cancellation safety and flight delay compensation, which might save travellers from sudden out-of-pocket bills. Our listing of the very best journey insurance coverage bank cards include these advantages and extra.
Greatest journey insurance coverage bank cards in Canada
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Gold: Greatest journey insurance coverage card
Nationwide Financial institution World Elite Mastercard
Comes with emergency medical insurance coverage for journeys of as much as 60 days (aged 54 and underneath), plus flight cancelation, rental automobile insurance coverage, and extra.
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Curiosity Charges:
20.99% buy, 22.49% money advance, 22.49% stability switch
Welcome supply:
$320 worth
Earn as much as 40,000 rewards factors. Should apply by March 31, 2025.
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Silver: Greatest journey insurance coverage card
RBC Avion Visa Infinite Privilege
Get limitless emergency medical insurance coverage for journeys of as much as 31 days (aged 64 and underneath). Seniors aged 65 and older are lined for as much as 7 days.
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Curiosity Charges:
20.99% buy, 22.99% money advance, 22.99% stability switch
Welcome supply:
$1179 worth
Earn 55,000 Avion factors. Apply by January fifteenth, 2025
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Bronze: Greatest journey insurance coverage card
Scotiabank Platinum American Specific Card
Comes with the total suite of coverages, together with emergency medical for seniors over 75. No overseas transaction charges and factors on each buy.
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Curiosity Charges:
9.99% buy, 9.99% money advance, 22.99% stability switch
Welcome supply:
$600 worth
Earn as much as $2,500 in worth within the 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—Greatest journey insurance coverage bank card
At a look: The Nationwide Financial institution World Elite Mastercard is the very best journey insurance coverage bank card in Canada. Not solely does it supply a variety of insurance coverage coverages—from emergency medical to journey cancellation, baggage delay and automobile rental insurance coverage—however the protection quantities are additionally spectacular. Most notable is the length of emergency medical protection for travellers 54 and underneath: at 60 days, it’s triple the size of many different playing cards with journey insurance coverage in Canada.
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Nationwide Financial institution World Elite Mastercard
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 |
| Revenue required | Private earnings of $80,000 or family earnings of $150,000 |
| Credit score rating | 760 or increased |
| Level worth | 1 level is value $0.01 when redeeming utilizing Nationwide Financial institution’s À La Carte Rewards Plan. |
Silver—Greatest journey insurance coverage bank card
At a look: The RBC Avion Visa Infinite Privilege is our runner up in the very best bank cards with journey insurance coverage class. It’s the one card with limitless emergency medical protection—a perk that even applies to Canadians over the age of 65. The cardboard comes with all the opposite coverages you would possibly anticipate from a premium journey bank card, together with journey accident, journey cancellation, rental automobile and resort housebreaking insurance coverage. You’ll, nonetheless, want 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 on stability transfers |
| Revenue required | $200,000 per 12 months |
| Credit score rating | 760 or increased |
| Level worth | 1 RBC Avion level = As much as $0.023 when redeemed for journey utilizing RBC’s Air Journey Redemption Schedule. |
Bronze—Greatest journey insurance coverage bank card in Canada
At a look: The Scotiabank Platinum American Specific card rounds out the top-three finest journey insurance coverage bank cards. No different card provides 10 days’ emergency medical insurance coverage to Canadian seniors aged 75 and older. And there’s tons extra to like than simply the great insurance coverage bundle, together with the good thing about no overseas transaction charges on foreign-currency purchases. Cardholders earn 2 Scene+ factors per greenback spent.
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Scotiabank Platinum Amex
Annual price: $399
Welcome supply: Earn as much as $2,500 in worth within the 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 |
| Revenue required | $12,000 per 12 months |
| Credit score rating | 760 or increased |
| Level worth | 1 Scene+ level = $0.01 when redeemed for journey on any airline or resort (together with Airbnbs). |
Greatest journey insurance coverage bank card with no annual price
At a look: If you’d like a journey insurance coverage bank card with out an annual price, the Rogers Crimson World Elite Mastercard needs to be excessive in your listing. Not solely does it embrace helpful journey and rental automobile insurance coverage, but it surely’s additionally one of many finest money again bank cards in Canada. For each $1 you spend, you’ll get again at the very 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 |
| Revenue required | $80,000 per 12 months |
| Credit score rating | 725 or increased |
Execs
- No annual price: Playing cards with no annual price often don’t include journey insurance coverage, however this card comes with six sorts of protection, together with emergency medical for as much as 10 days, and automobile rental theft and injury protection for as much as 31 days.
- Cask again earnings: Earn 1.5% money again on all of your purchases (or 2% for those who’re a Rogers, Fido or Shaw buyer). Plus, with 3% money again on transactions in U.S. {dollars}, you’ll save on overseas transaction charges, too.
Cons
- Excessive earnings necessities: To be permitted, you’ll want a private earnings of at the very least $80,000 or family earnings of at the very least $150,000.
How does bank card journey insurance coverage work?
Each insurance coverage bundle is tailor-made to a selected card and program however basically, the method is straightforward. You’ll often need to guide your journey on that bank card however totally different playing cards have totally different guidelines. For instance, some say that you must guide 100% of your journey on the cardboard whereas others don’t have that stipulation. Learn your paperwork to find out your obligations. When you guide, you’ll robotically have entry to the included protection. You don’t need to 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.
