Many Canadian bank cards include built-in journey insurance coverage advantages, resembling emergency medical protection, journey cancellation safety and flight delay compensation, which may save travellers from sudden out-of-pocket bills. Our checklist of the perfect 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 beneath), plus flight cancelation, rental automotive insurance coverage, and extra.
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Curiosity Charges:
20.99% buy, 22.49% money advance, 22.49% steadiness 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 beneath). Seniors aged 65 and older are coated for as much as 7 days.
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Curiosity Charges:
20.99% buy, 22.99% money advance, 22.99% steadiness 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 complete suite of coverages, together with emergency medical for seniors over 75. No international transaction charges and factors on each buy.
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Curiosity Charges:
9.99% buy, 9.99% money advance, 22.99% steadiness 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. Provide 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 perfect 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 automotive rental insurance coverage—however the protection quantities are additionally spectacular. Most notable is the period of emergency medical protection for travellers 54 and beneath: 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 charge: $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 steadiness transfers |
| Revenue required | Private revenue of $80,000 or family revenue of $150,000 |
| Credit score rating | 760 or larger |
| 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 perfect 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 automotive and lodge housebreaking insurance coverage. You’ll, nonetheless, want a excessive private or family revenue to qualify.
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RBC Avion Visa Infinite Privilege
Annual charge: $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 steadiness transfers |
| Revenue required | $200,000 per yr |
| Credit score rating | 760 or larger |
| 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 international transaction charges on foreign-currency purchases. Cardholders earn 2 Scene+ factors per greenback spent.
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Scotiabank Platinum Amex
Annual charge: $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. Provide ends October 31, 2025.
Card particulars
| Rates of interest | 9.99% on purchases, 9.99% on money advances, 22.99% on steadiness transfers |
| Revenue required | $12,000 per yr |
| Credit score rating | 760 or larger |
| Level worth | 1 Scene+ level = $0.01 when redeemed for journey on any airline or lodge (together with Airbnbs). |
Greatest journey insurance coverage bank card with no annual charge
At a look: In order for you a journey insurance coverage bank card with out an annual charge, the Rogers Pink World Elite Mastercard needs to be excessive in your checklist. Not solely does it embody worthwhile journey and rental automotive insurance coverage, however it’s additionally one of many finest money again bank cards in Canada. For each $1 you spend, you’ll get again at the least 1.5% money again.
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Rogers Pink World Elite Mastercard
Annual charge: $0
Welcome supply: None right now.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers |
| Revenue required | $80,000 per yr |
| Credit score rating | 725 or larger |
Professionals
- No annual charge: Playing cards with no annual charge often 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.
- 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 international transaction charges, too.
Cons
- Excessive revenue necessities: To be authorised, you’ll want a private revenue of at the least $80,000 or family revenue of at the least $150,000.
How does bank card journey insurance coverage work?
Each insurance coverage bundle is tailor-made to a particular card and program however typically, the method is easy. You’ll often must guide your journey on that bank card however totally different playing cards have totally different guidelines. For instance, some say you could 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 mechanically 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 suggest that you just learn the documentation out of your bank card firm.