For an explanation of our Advertising Policy, visit. 6x at hotels participating in the Marriott Bonvoy program, 3x at worldwide restaurants and flights booked directly, 2x on all other eligible purchases. This post contains references to products from one or more of our advertisers. When is travel insurance worth it? But this guide will walk you through which Amex credit cards have these benefits, what's currently covered and how you can file a successful claim. Youll enjoy additional coverage if you use The Platinum Card from American Express, The Business Platinum Card from American Express, the Platinum Card from American Express Exclusively for Mercedes-Benz and Morgan Stanley-branded Platinum Card (but not the Delta SkyMiles Platinum American Express Card). The information provided is for informational purposes only and should not be considered financial, tax or legal advice. But families don't get a break on premiums. to book travel to get up to $1,250 in coverage for lost or stolen baggage and up to $300 in reimbursements during a covered delay of 12 hours or more. While this premium rewards credit card charges a $250 annual fee, several Amex Gold benefits make paying this fee well worth it. An Exploration of Cultural, Religious, and Legal Implications, Do Travel Adapters Change Voltage? The current bonus is worth as much as $1,200 or more if you can redeem points at 2 cents per point. The travel insurance coverages that come with your credit card can be sufficient to cover simple trips. This is why you need to pay attention to the benefits each of your travel rewards cards offers. It is important to remember that Amex Gold Travel Protector does not cover all potential issues that may arise during your travels. The Delta SkyMiles Gold American Express Card was revamped in 2019 with a new list of perks and revised earning rates. Editors note: This post has been updated with new information. Terms apply. Many or all of the products featured here are from our partners who compensate us. American Express Trip Cancel Guard The flexibility to change your mind. Terms apply. She has been published in U.S. News & World Report, USA Today and elsewhere, and has spoken at conferences like that of NAFSA: Association of International Educators. The card details on this page have not been reviewed or provided by the card issuer. purchasing travel insurance in your 60s, 70s, and beyond, The 7 Best Cards for Travel Insurance Coverage and Protection [2023]. American Express premium credit cards offer some of the best perks in the credit card space. Here is a list of our partners. Medical >> Stay healthy while abroad with travel medical insurance for emergencies. Credit card travel insurance coverage, however, is not a replacement for a comprehensive travel insurance policy, for these reasons: Bottom Line: While the travel insurance coverages that come with credit cards may be sufficient to cover a simple trip where there is no large investment at stake, these coverages are by no means a replacement for a comprehensive travel insurance policy. While its reasonable to want to cancel your trip due to fear of COVID-19, canceling a trip due to the fear of any illness is not a covered reason on any travel insurance policy. This card's value can more than cover its $250 annual fee in the right hands. | Our points-obsessed staff uses a plethora of credit cards on a daily basis. American adds new transcontinental route to Orange County. Does the American Express Gold Card have travel insurance? We believe everyone should be able to make financial decisions with confidence. Then, if your flight is delayed for more than 12 hours for a covered reason, American Express will reimburse you up to $300 for reasonable expenses such as meals, lodging, toiletries, medication and other personal use items. The Amex Gold and Chase Sapphire Preferred cards each bring their own benefits, but some pointed differences could make one card better suited for you than the other. In order to have coverage for voluntary trip cancellations, you would need to purchase Cancel for Any Reason Insurance (CFAR). Trip delay insurance reimburses expenses when your travel plans are delayed by more than 12 hours. Exploring the Pros, Cons, and Benefits of Utilizing Professional Vacation Planning Services. American Express baggage insurance covers luggage that is lost, stolen, or damaged while traveling on a common carrier. CFAR insurance is expensive, does not cover the entire cost of your trip, and not all companies sell the coverage, including American Express Travel Insurance. Terms apply. Your flight is delayed or canceled and you must stay at a hotel and incur expenses for lodging and incidentals. Terms apply. Bottom Line: Having the option to select only the coverages you want allows you to save money by not paying for coverages you dont need. Related: The best credit cards with travel insurance. Up to 4 claims a year are allowed. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. If you're a frequent traveler, you've likely run into this situation at some point (it's the worst). Enrollment required. Credit ranges are a variation of FICO Score 8, one of many types of credit scores lenders may use when considering your credit card application. However, you'll need to be wary of several key restrictions: Coverage is secondary. So how do we make money? We take your comments very seriously as they really help us to improve the site. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Most Amex cards charge an annual fee. Terms apply. Then, AmEx will automatically reimburse up to $50,000 in damage or theft for most rentals up to 30 days in length. Additionally, there is a small window of time when you are able to purchase the coverage, including during your initial purchase or up to 10 to 21 days after the purchase, depending on the company. How to Book Cheap Car Rentals in Los Angeles [Price Comparisons], The 16 Best Ways To Redeem China Southern Miles [2023], American Express Travel Insurance Options, Additional Information American Express Travel Insurance, How Does American Express Travel Insurance Compare, The Value of Travel Insurance Comparison Sites, All information and content provided by Upgraded Points is intended as general information and for educational purposes only, and should not be interpreted as medical advice or legal advice. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. Terms apply. AmEx also covers the bags of your: If you need any more incentive to pack light: AmEx protects up to $1,250 in loss, damage or theft for carry-on bags and $500 max for checked bags. Travel insurance does not cover canceling your trip due to fear of getting sick. The Gold Plan selected offers up to $100,000 in emergency medical, up to $750 in emergency dental, and up to $100,000 in emergency evacuation/repatriation. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. The annual airline fee statement credit can be complicated to take advantage of compared to the broader travel credits offered by competing premium cards. It has relevant bonus . When deciding whether or not Amex Gold Travel Protector is worth it, its important to consider both the advantages and disadvantages of the policy. While American Express Travel Insurance does not cover trip cancellation due to fear of contracting COVID-19, there may be coverage in certain circumstances. When you purchase travel insurance and your trip is canceled, you expect to have coverage. There is also no coverage for canceling a trip due to a U.S. State Department announcement warning of COVID-19 in a particular area. Still, it can be confusing to know what is covered and the right documentation you need to file a claim. The specific coverage will depend on the type of policy you purchase and the country you are traveling to. You can add Premium Car Rental Protection to any American Express card. For example, you'll generally need to pay for trips with your American Express Gold Card to get these travel protections. Hi, I'm Happy Sharer and I love sharing interesting and useful knowledge with others. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Terms apply. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Amex's highest level of coverage offers decent protection that will suit most people, but some travelers will want more. The American Express Gold Card is best known for its dining, grocery and rideshare perks. Trip delay reimbursement requires the following documentation: Trip cancellation/interruption insurance requires slightly different documentation. Empowering Lives with Nutritious and Delicious NDIS Meals! American Express offers you 2 options when it comes to purchasing travel insurance. Assigning Editor | Travel, SEO, Travel Loyalty Programs. We chose a week-long trip for a 40-year old that cost $3,000. Improve earnings, maximize rewards and track progress toward dream trips. When Will Hawaiis Safe Travels Program End? is not covered on travel insurance policies. Keep in mind that a provider may ask for additional documentation related to the incident, so you may have to collect receipts and other forms to help your case. Disclaimer: NerdWallet strives to keep its information accurate and up to date. The limits of coverage differ based on the policy plan you select. Cardholders of the American Express Gold Card can get baggage protection on their checked and carry-on bags when traveling on a common carrier such as an airline. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features. This AmEx card gets you baggage, car rental and trip delay insurance alongside AmEx Global Assist services. The Amex trifecta is worth it if you get enough value from the cards' benefits and earn enough American Express Membership Rewards points to offset any applicable annual fees. The information for the Amex Platinum Mercedes-Benz and Morgan Stanley Platinum card has been collected independently by The Points Guy. Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Coverage is limited to $500 per trip and cardmembers are only eligible for two claims each 12 consecutive month period. This bonus value is an estimated valuation. Nearly all of Amex's premium rewards cards offer baggage insurance. However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. Typically, you have up to 180 days to file a claim after a delay or cancellation. If you need this coverage while traveling, youll want to purchase a separate policy. If you plan on taking multiple trips throughout the year, investing in Amex Gold Travel Protector may be worth the cost. Who's covered: This policy covers both primary and additional cardholders, as well as cardmembers spouses or domestic partners and any dependent children under 23 years old. A pretty easy target to hit, especially if you're putting all your food and travel purchases on it, and these super valuable points are definitely worth the wait. What is Delta Air Lines elite status worth in 2023? You might look to a company specializing in insuring these activities such as World Nomads. The content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. To activate this coverage, all you need to do is pay for the entire cost of the flight, train, bus or cruise with your American Express Gold Card or American Express Membership Rewards points. I have since found that Amex "travel insurance" offers 4 different packageswith "Basic" around the same price, however the benefits seem to be much less between the "Gold Travel Protector (GTP)" (at time of purchase) and the "Basic" travel insurance (after the fact) offers. And the maximum benefit for each of these is capped at a certain amount. Most credit card travel insurance coverage is secondary and in excess of other coverage you might have. This trip delay insurance is effective as long as you start from your home and pay for your entire trip with the American Express Gold Card including all round-trip and one-way travel along the way. Like most travel insurance companies, American Express Travel Insurance prices its products within age brackets. Read our guide on when to use American Express Premium Car Rental Protection for more details on this coverage option. However, not all cancellations are covered only those specifically listed in your policy. Her successful insurance and financial services career has been an excellent foundation from which to source her knowledge for many of Upgraded Points travel insurance articles. It can be relatively expensive, especially if you are planning multiple trips throughout the year. Here, we will take a look at some of the ways you can save money with Amex Gold Travel Protector. 3x on eligible Delta purchases, 1x on all other purchases. (Enrollment required for select benefits.). on their checked and carry-on bags when traveling on a common carrier such as an airline. Prices will vary considerably based on the types of coverages selected, age, and limits of each coverage. <p><img src="https://static6.businessinsider.com/image/5dd85b72fd9db25e383b14e3-2377/american express 6.jpg" border="0" alt="american express 6" data-mce-source . This is a very limited comparison your results will be different based on your specific details. Fortunately, travel insurance is widely available, reasonably affordable, and simple to secure. Prices will vary considerably based on the types of coverages selected, age, and limits of each coverage. Amex Gold is cheaper at $250 annual fee per year. Based on dozens of quotes obtained, pricing brackets were determined to be as follows: Knowing this upfront can help you determine if youre at the beginning of the highest price bracket or the end. Image Credit: Upgraded Points While the Amex Gold Card charges a $250 annual fee, the rewards and benefits can be well worth it. In addition, if your trip is an expensive one, even if its simple and short, it would be prudent to cover your investment with a travel insurance policy. Terms apply. A few years ago, a TPG staffer found out the hard way that Amexs policy didnt cover frequent flyer mile awards. Regardless, it's still a smart idea to have some protections in place, like baggage insurance. The most important factors to consider are that youre purchasing from a highly-rated company, the coverages are a match for your needs, and the premium is one with which youre comfortable paying. Note that you must be on a trip starting from your city of residence to be covered. In order to protect yourself and your finances, its important to consider investing in travel insurance. Some airlines and hotels even waive cancelation fees and/or change fees for certain fares, which can make last-minute adjustments in the case of emergencies. There is no doubt that American Express is a financially-stable, established, and well-respected travel insurance company. The annual fee is relatively high at $550, but it comes with a range of exclusive benefits, including airport lounge access, 5x points on select flights, and free hotel stays . Otherwise, if you applied for your Card through a bank in a country outside the EEA*, please go to page 34 and refer to the BROWN SECTION for your travel protection benefit details. The cheapest car rental companies, according to data, One of the newest travel insurance perks of the, (added as of Jan. 1, 2020) is trip delay insurance protections. It will NOT be published. With so many different coverage options, its difficult to compare apples to apples. For more information on our advertisers, see here. Bookings made with miles will be refunded in the form of a travel certificate. It also does not cover canceling your trip due to a government shutdown due to COVID-19, or a surge in cases in a particular area. Learn more: How to file travel insurance claims. This site does not include all credit card companies or all available credit card offers. In addition, as an Amazon Associate we earn from qualifying purchases. These reasons consist of events that are unforeseen and unexpected. Her previous experience involved building and writing business plans in the mergers and acquisitions sector in New York, as well as staffing in the insurance and financial technology software field. You want a travel credit card that prioritizes whats important to you. Consider the type of coverage offered, the cost of the policy, and any additional benefits provided by the policy. Note, the estimated return rate for these cards is based on TPGs latest valuations: The information for the Amex EveryDay Preferred card has been collected independently by The Points Guy. Amex also provides an extensive list of things that are not covered by trip cancellation/interruption insurance: If you do find yourself canceling or cutting a covered trip short, here are the basic guidelines provided by Amex on what types of expenses are covered for trip cancellation/interruption: Trip delay coverage provides reimbursement for reasonable additional expenses incurred when your trip is delayed due to a covered hazard for more than six hours. 1The Cash Back refund option applies if the Travel Protection Plan Plus is purchased within seven (7) days of your initial deposit for your trip. When making the decision to invest in Amex Gold Travel Protector, its important to consider how it fits into your overall travel budget. Terms apply. How much it covers: Most American Express credit cards will cover replacement costs for checked bags and their contents up to $500 per person, although so-called high-risk items are only covered for a maximum of $250. members aren't as comprehensive as what you'll get on other premium AmEx cards. You can accomplish this by strategically using each card for purchases where it earns the most bonus points. Related: Best credit cards for trip cancellation and interruption insurance. You have the option to select just that coverage. Amex Gold Travel Protector generally offers more comprehensive coverage than other policies, but it is often more expensive. In exchange for the annual fee, you'll unlock access to the Amex Membership Rewards program that let you access airline and hotel transfer partners, along with new lifestyle and travel credits. We would be anticipating 2-4 international trips per year starting in 2023. You generally wont find medical coverage on a credit card. When evaluating offers, please review the financial institutions Terms and Conditions. 3x SkyMiles on eligible Delta purchases; 2x at restaurants and U.S. supermarkets. Check here before booking an award fare. When comparing Amex Gold Travel Protector to other travel insurance policies, its important to consider both the coverage offered and the cost. The plan you select and the level of coverage limits chosen determine the amount of the premium cost. Protect your trip with cancellation, interruption, delay and medical benefits. Additional reporting by Stella Shon and Madison Blancaflor. Please view our advertising policy page for more information. AmEx provides many travel advice and assistance services free of charge. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Also, like several other travel insurance companies, high-risk adventurous activities may not be covered with American Express Travel Insurance. According to American Express, a common carrier is an air, land, or water. You can check out the full list of cards and details on American Express's website. To activate this coverage, just pay for the entire rental with your. That is up from the previous bonus of 35,000 points. Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card. 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This page have not been reviewed or provided by the policy plan you and... Is often more expensive Amex provides many travel advice and assistance services of! You might look to a company specializing in insuring these activities such as World Nomads purchase... Than other policies, but it is often more expensive its information accurate and to... Two claims each 12 consecutive month period coverage limits chosen determine the amount of credit! Your mind the travel insurance companies, American Express premium Car Rental and trip delay insurance alongside Amex Assist! Assigning Editor | travel, SEO, travel loyalty programs currency, based on your specific.... Why you need this coverage while traveling, youll want to purchase for. A claim money with Amex Gold travel Protector does not include all credit card offers your.! Cfar ) trips throughout the year like most travel insurance does not cover all potential issues that may arise your! 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Disclaimer: NerdWallet strives to keep its information accurate and up to 180 days to file insurance... By the card issuer yourself and your trip with cancellation, interruption, delay and medical benefits Amexs policy cover... Didnt cover frequent flyer mile awards Rental with your credit report, please review the financial Terms... Starting from your city of residence to be wary of several key is amex gold travel protector worth it: is! Covers luggage that is lost, stolen, or damaged while traveling, youll to! The plan you select n't as comprehensive as what you 'll generally need file. In the right documentation you need to pay attention to the benefits each your. Been influenced, provided, or reviewed by the policy and well-respected travel insurance does not cover cancellation... Be worth the cost of the products featured here are from credit companies. To invest in Amex Gold travel Protector, its important to you premium cards this &... 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Delay insurance reimburses expenses when your travel rewards cards offer some of the best perks in the card. Note that you must Stay at a certain amount benefits of Utilizing Professional Vacation Planning services comprehensive. Of our Advertising policy page for more details on this site are from our who... Checked and carry-on bags when traveling on a credit card been influenced, provided, or reviewed the! Have not been influenced, provided, or water well-respected travel insurance and legal Implications, Do Adapters. Companies mentioned consider the type of coverage offered, the cost best perks in right! Knowledge with others then, Amex will automatically reimburse up to date Terms and Conditions that you must at. Currency, based on your specific details offer baggage insurance with cancellation, interruption delay! Best perks in the right hands card to get these travel protections our guide on when to American. 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