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Do you want a good credit cards with travel insurance? In stable financial markets, such as the Canadian one. The inclusion of comprehensive travel insurance is not a luxury. But, the differential that justifies the higher annual fees of premium products.
A credit cards with travel insurance can be your main financial resource, but only if you understand the limitations of the card you choose. This way, you can choose the best card for what you really need.
This guide explores the 10 main premium credit cards. Analyzing not only the rewards, but the card fees and the reliability of the issuing banks.
Thus, you will discover which credit cards with travel insurance offers the best medical coverage duration. In addition to the highest expense limit and the only option. Allowing an informed and safe choice for your next trips. Let’s go!
The 10 main credit cards with travel insurance
1. Scotiabank Platinum American Express Card
This credit card with travel insurance is the market leader, especially for international travelers looking to mitigate exchange costs.
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Its annual fee is $399 CAD, but the APR for purchases is only 9.99%.
Its differential is the 0% Foreign Transaction Fee. A unique feature that makes it ideal for those who spend a lot on international travel.
It also offers emergency medical coverage of $2 Million CAD and covers trips of up to 31 consecutive days for people aged 64 or less. Extending up to 10 days for those aged 75 or more.
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Pay attention to the income requirement, you must have a minimum income of $12,000 per year.
2. TD First Class Travel® Visa Infinite* Card (Credit Cards With Travel Insurance)
This is a popular travel card, focused on high reward points and balanced insurance.
First, its annual fee is moderate, at $139 CAD, with an APR of 21.99% for purchases and 22.99% for cash advances.
Emergency medical coverage is provided for the first 21 days of the trip, with an overall maximum limit that can reach $5 million.
3. The Platinum Card from American Express
This Platinum Card from American Express card is focused on luxury benefits, such as unrestricted lounge access and annual travel credits, where travel insurance is a robust complement to a package of services.
The annual fee is the highest on the list, at $799 CAD.
Furthermore, Amex has a historical presence in Canada since 1853, reinforcing its focus on high-category services and products.
4. BMO Ascend World Elite Mastercard
The BMO World Elite Mastercard is the main credit card with travel insurance from the Bank of Montreal (BMO), known for sign-up bonus promotions and a flexible rewards program (BMO Rewards).
The annual fee is $120 CAD, and the reward potential is medium to high.
Furthermore, travel insurance is standard for World Elite cards. Including coverage for 15 to 21 days and all essential benefits of Cancellation, Interruption, and Car Rental Insurance (CDW).
5. TD Aeroplan Visa Infinite Card (Credit Cards With Travel Insurance)
This is an essential co-branded card for loyal Aeroplan users, Air Canada’s loyalty program. It offers direct flight benefits and a standard set of travel insurance.
The annual fee is $139 CAD. The reward potential is high (Aeroplan Points).
Its medical coverage falls within market standards, with an estimated duration of around 15 to 21 days, focusing on air status benefits and specific point accumulation.
6. BMO VIPorter Mastercard
A co-branded card with Porter Airlines that has an annual fee of $89 CAD.
Initially, this option is known for the time limitation of its medical policy.
It also offers emergency medical coverage valid for 8 days outside the province or country.
This short duration makes the card unsuitable for most prolonged international trips. Although it includes Car Rental Insurance (CDW), Common Carrier Insurance, Flight Delay Insurance, and Baggage Insurance.
Comparative table of credit cards with travel insurance covered
| Credit Card | Annual Fee (CAD) | APR Purchases | Foreign Transaction Fee (FX Fee) | Reward Value Potential |
| Scotiabank Platinum Amex | $399 | 9.99% | 0% | High (Zero FX Fee) |
| The Platinum Card from Amex | $799 | N/A (Est. 21.99%) | 2.5% (Typical) | Premium/Luxury |
| TD First Class Travel® Visa Infinite* Card | $139 | 21.99% | 2.5% (Typical) | High (TD Points) |
| TD Aeroplan Visa Infinite Card | $139 | 21.99% (Est.) | 2.5% (Typical) | High (Aeroplan) |
| BMO Ascend World Elite Mastercard | $120 | 21.99% (Est.) | 2.5% (Typical) | Medium/High (BMO Rewards) |
| RBC Avion Visa Infinite | $120 | 21.99% (Est.) | 2.5% (Typical) | High (RBC Avion) |
| Scotiabank Gold American Express Card | $120 | 21.99% (Est.) | 2.5% (Typical) | High (Scene+) |
| BMO VIPorter Mastercard | $89 | 21.99% | 2.5% (Typical) | Medium (VIPorter Points) |
Conclusion (Credit Cards With Travel Insurance)
The analysis of the main market options shows that the most valuable credit card with travel insurance is not necessarily the one with the lowest annual fee, but rather the one that suits your spending and risk profile.
The Scotiabank Platinum Amex stands out for its zero Foreign Transaction Fee and the best coverage duration (31 days). Therefore, it is the obvious choice for high-spending travelers.
The TD First Class Travel® offers the best balance for families and travelers who use points. Much due to the flexibility of activating medical insurance without the need to pay for the ticket with the card.
The choice of your credit card with travel insurance should be made based on the maximum duration of your trip and the stability of your health.
Remember that specialized insurance offers higher limits and greater flexibility for complex or long trips.
Now that you have all the objective data and the analysis of the policies, check your card’s Insurance Certificate. Understanding the card details is the only way to ensure that your credit card with travel insurance will work when you need it most.
Another focus for those considering traveling should be miles. Using them, it’s easy to save on everything you need to know about your trip, from buying tickets to renting a car to staying in good hotels. If you want miles, classified cards might not be the best option. We recommend you check out the airline miles credit card Canada.