Many Canadian bank cards include built-in journey insurance coverage advantages, akin to emergency medical protection, journey cancellation safety and flight delay compensation, which might save travellers from sudden out-of-pocket bills. Our record of the most effective journey insurance coverage bank cards include these advantages and extra.
Finest journey insurance coverage bank cards in Canada
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Gold: Finest journey insurance coverage card
Nationwide Financial institution World Elite Mastercard
Comes with emergency medical insurance coverage for journeys of as much as 60 days (age 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% 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: Finest journey insurance coverage card
RBC Avion Visa Infinite Privilege
Get limitless emergency medical insurance coverage for journeys of as much as 31 days (age 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% stability switch
Welcome supply:
$1179 worth
Earn 55,000 Avion factors. Apply by January fifteenth, 2025
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Bronze: Finest 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.
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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 various.
Gold—Finest journey insurance coverage bank card
At a look: The Nationwide Financial institution World Elite Mastercard is the most effective 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 payment: $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 |
| Earnings required | Private revenue of $80,000 or family revenue of $150,000 |
| Credit score rating | 760 or greater |
| Level worth | 1 level is price $0.01 when redeeming utilizing Nationwide Financial institution’s À La Carte Rewards Plan. |
Silver—Finest journey insurance coverage bank card
At a look: The RBC Avion Visa Infinite Privilege is our runner up in the most effective bank cards with journey insurance coverage class. It’s the one card to return 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 may count on from a premium journey bank card, together with journey accident, journey cancellation, rental automotive and resort 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 payment: $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 |
| Earnings required | $200,000 per yr |
| Credit score rating | 760 or greater |
| Level worth | 1 RBC Avion level = As much as $0.023 when redeemed for journey utilizing RBC’s Air Journey Redemption Schedule. |
Bronze—Finest 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 affords 10 days’ emergency medical insurance coverage to Canadian seniors aged 75 and older. And there’s heaps extra to like than simply the great insurance coverage package deal, together with the advantage of no overseas transaction charges on foreign-currency purchases. Cardholders earn 2 Scene+ factors per greenback spent.
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Scotiabank Platinum Amex
Annual payment: $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 |
| Earnings required | $12,000 per yr |
| 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). |
Finest journey insurance coverage bank card with no annual payment
At a look: If you’d like a journey insurance coverage bank card with out an annual payment, the Rogers Purple World Elite Mastercard needs to be excessive in your record. Not solely does it embrace beneficial journey and rental automotive 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 Purple World Elite Mastercard
Annual payment: $0
Welcome supply: None right now.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Earnings required | $80,000 per yr |
| Credit score rating | 725 or greater |
Execs
- No annual payment: Playing cards with no annual payment 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% 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 overseas transaction charges, too.
Cons
- Excessive revenue necessities: To be authorised, you’ll want a private revenue of at the very least $80,000 or family revenue of at the very least $150,000.
How does bank card journey insurance coverage work?
Each insurance coverage package deal is tailor-made to a selected card and program however on the whole, the method is easy. You’ll often need to guide your journey on that bank card however completely different playing cards have completely different guidelines. For instance, some say it is advisable guide 100% of your journey on the cardboard whereas others don’t have that stipulation. Learn your paperwork to find out your tasks. When you guide, you’ll mechanically have entry to the included protection. You don’t need to notify the bank card firm that you simply’re touring or name to activate the protection. That stated, we at all times advocate that you simply learn the documentation out of your bank card firm.
