For those who’re one of many practically 80% of Canadians planning a visit exterior your province or territory this 12 months, you’re going to wish to use a travel credit card with strong insurance coverage.
High 3 playing cards for journey insurance coverage
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Greatest for complete insurance coverage
Nationwide Financial institution World Elite Mastercard
Journey medical emergency insurance coverage for journeys as much as 60 days with insurance coverage choices additionally accessible for seniors (uncommon amongst journey playing cards).
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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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Greatest common journey card
Scotiabank Passport™ Visa Infinite Card
Journey insurance coverage for journeys as much as 25 days. Plus obtain airport lounge and noforex perks.
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Curiosity Charges:
$20.99% buy, $22.99% money advance, $22.99% stability switch
Welcome supply:
$250 worth
Earn as much as $1,100 in worth within the first 12 months, together with as much as 35,000 bonus Scene+ factors. To qualify, apply by December 31, 2024.
Greatest bank cards for journey insurance coverage by class
The kinds of journey protection you’ll want—and the perks and advantages which can be most beneficial to you—will rely on the kind of journey you’re taking, so we’ve damaged down our favorite bank cards into classes.
| Greatest card by class | Highlights | Particulars | Eligibility necessities |
|---|---|---|---|
| FEATURED National Bank World Elite Mastercard  GO TO SITE |
Award: Greatest total journey insurance coverage bank card
Greatest options: Emergency medical protection as much as 60 days (15 days for these over 65), plus strong journey cancellation and automotive rental insurance coverage, and extra |
Annual price: $150
Rewards: 1 to five factors per greenback Rates of interest: 20.99% on purchases, 22.49% on money advances, 22.49% on stability transfers |
Revenue: $80,000 (private) or $150,000 (family)
Credit score rating: 760 or increased |
| FEATURED Scotiabank Passport Visa Infinite  GO TO SITE |
Award: Among the best playing cards with an annual price (honourable point out)
Greatest options: Good emergency medical protection, and 6 free airport lounge entry passes |
Annual price: $150
Rewards: 1 to three factors per greenback Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
Revenue: $60,000 (private) or $100,000 (family)
Credit score rating: 725 or increased |
| FEATURED BMO Ascend World Elite Mastercard  GO TO SITE |
Award: Among the best playing cards with an annual price (honourable point out)
Greatest options: Emergency medical protection as much as 21 days on limitless journeys per 12 months |
Annual price: $150
Rewards: 1 to five factors per greenback Rates of interest: 20.99% on purchases, 23.99% on stability transfers, 23.99% on money advances |
Revenue: $80,000 (private) or $150,000 (family)
Credit score rating: 760 or increased |
| FEATURED BMO CashBack World Elite Mastercard  GO TO SITE |
Award: Among the best playing cards with an annual price (honourable point out)
Greatest options: BMO Roadside Help Program advantages via a free, fundamental membership within the Dominion Car Affiliation |
Annual price: $120
Rewards: 1% to five% money again Rates of interest: 20.99% on purchases, 23.99% on money advances, 23.99% on stability transfers |
Revenue: $80,000 (private) or $150,000 (family)
Credit score rating: 760 or increased |
| FEATURED Rogers Red World Elite Mastercard  GO TO SITE |
Award: Greatest no-fee journey insurance coverage bank card
Greatest options: Get six kinds of journey insurance coverage protection with no annual price |
Annual price: $0
Rewards: 1.5% to three% money again Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
Revenue: $80,000
Credit score rating: 725 or increased |
Greatest journey insurance coverage bank card total
Nationwide Financial institution World Elite Mastercard
At a look: The Nationwide Financial institution World Elite Mastercard doubles the insurance coverage protection you get with many different playing cards, together with many on this record. Not solely does it supply a variety of insurance coverage coverages—from emergency medical to journey cancelling, baggage delay and automotive rental protection—however the protection quantities are additionally spectacular (working example: $5,000 in journey cancellation protection). Most notable is the period of emergency medical protection, together with for seniors over 65.
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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. |
Execs
- Travellers with the Nationwide Financial institution World Elite Mastercard get $5 million in emergency medical protection for journeys of as much as 60 days, which is thrice longer than many different top-tier journey insurance coverage playing cards.
- With different playing cards, the protection interval for travellers aged 65 and older is often very brief, round 3 to five days. With this card, seniors are lined for journeys of as much as 15 days—greater than thrice as lengthy—till they attain the age of 75.
- The automotive rental insurance coverage protection applies to leases of as much as 48 days, which is longer than most different playing cards.
- You’re lined in opposition to inconveniences throughout your travels, with above-average journey cancellation protection of $2,500 and journey interruption protection of $5,000.
- The cardboard’s creative journey price reimbursements system can cowl you for as much as $150 yearly for travel-related prices like airport parking, seat choice, and checked baggage charges.
- Cardholders have limitless entry to the Nationwide Financial institution Lounge on the Pierre Elliott Trudeau airport in Montreal.
Cons
- This card doesn’t include journey accident protection, which implies you wouldn’t be lined for accidents that happen whereas travelling on a typical service, corresponding to an airplane or practice.
- The annual price of $150 is increased than another playing cards on this class.
- The earnings necessities are excessive, at $80,000 private or $150,000 for the family.
Honourable mentions
Scotiabank Passport Visa Infinite
At a look: It could be exhausting to overstate the perks of lounge entry. If you use this card to your journey bills, you get simply that: a worry-free haven. The Scotiabank Passport Journey Visa Infinite is a top-notch journey card in its personal proper, providing a strong suite of journey and automotive rental insurance coverage protection. These beneath 65 stand up to 25 days of journey medical insurance coverage, which is spectacular in comparison with another playing cards on this record. For those who’re aged 65 or older although, you might be solely lined for 3 days. The cardboard additionally boasts protection for journey cancellation, flight delays, misplaced baggage, rental automotive collision/ harm, accident insurance coverage and extra.
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Scotiabank Passport Visa Infinite
Annual price: $150
Welcome supply: Earn as much as $1,100 in worth within the first 12 months, together with as much as 35,000 bonus Scene+ factors. Supply ends October 31, 2025.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Revenue required | Private earnings of $60,000 per 12 months or family earnings of $100,000 per 12 months |
| Credit score rating | 725 or increased |
| Level worth | 1 Scene+ level = $0.01 when redeemed for journey on any airline or resort (together with Airbnbs). |
BMO Ascend World Elite Mastercard
At a look: Canadians are privileged on the subject of healthcare, so it’s no shock we wish to journey with sturdy medical insurance coverage. Whereas many bank cards supply medical protection of as much as $1 million, the Ascend World Elite Mastercard doubles that, providing $5 million in protection for as much as 21 days of journey—on limitless journeys per 12 months. You’ll additionally get journey accident insurance coverage, which covers you and your partner and dependants for as much as $500,000 on passenger planes, busses, taxis, trains and cruise ships.
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BMO Ascend World Elite Mastercard
Annual price: $150
Welcome supply: You’ll be able to earn as much as 100,000 bonus factors (a $667 worth)
Card particulars
| Rates of interest | Rates of interest: 20.99% on purchases, 23.99% on stability transfers, 23.99% on money advances |
| Revenue required | Private earnings of $80,000 or family earnings of $150,000 |
| Credit score rating | 760 or increased |
| Level worth | 1 BMO Rewards level = $0.0067 when redeemed for journey. |
BMO CashBack World Elite
At a look: Many journey bank cards give attention to air journey however for the highway trippers amongst us, we’ve chosen the BMO CashBack World Elite Mastercard. Cardmembers are lined by the BMO World Elite Complete Journey and Medical Safety package deal, which incorporates collision harm waiver advantages on rental automobiles and eight days of out-of-province and out-of-country emergency medical advantages as much as $5 million. Plus, it features a free, fundamental membership within the Dominion Car Affiliation and the advantages of its BMO Roadside Help Program.
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BMO CashBack World Elite
Annual price: $120
Welcome supply: earn as much as 10% money again in your first 3 months and the $120 annual price waived in your first anniversary
Card particulars
| Rates of interest | 20.99% on purchases, 23.99% on money advances, 23.99% on stability transfers |
| Revenue required | Private earnings of $80,000 or family earnings of $150,000 |
| Credit score rating | 760 or increased |
Execs
- Cardmembers are lined by the BMO World Elite Complete Journey and Medical Safety package deal, which incorporates collision harm waiver advantages on rental automobiles and eight days of out-of-province and out-of-country emergency medical advantages as much as $5 million.
- Features a free, fundamental membership within the Dominion Car Affiliation and the advantages of its BMO Roadside Help Program.
- At 5%, this card has the best money again earn price on groceries in Canada.
- Allows you to earn money again in ceaselessly used classes which you’ll be able to redeem on demand.
Cons
- Though this card presents extraordinarily aggressive earn charges, there are low month-to-month caps on bonus classes: $500 in groceries, $300 in transit, fuel, and EV charging, and $500 in recurring payments. Any purchases over these month-to-month limits will earn on the 1% base price.
- The earnings necessities are excessive, at $80,000 private or $150,000 for the family.
Greatest no-fee journey insurance coverage bank card
Rogers Pink World Elite Mastercard
At a look: If you would like a journey insurance coverage bank card with out committing to an annual price, try the Rogers Pink World Elite Mastercard. Not solely does this no-fee card embody priceless journey and rental automotive insurance coverage with perks like free Boingo Wi-Fi, it’s additionally a money again card. Because of this for each $1 you spend on the cardboard you’ll get again 1.5% (or 2% if you happen to’re a Rogers, Fido or Shaw buyer).
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Rogers Pink World Elite Mastercard
Annual price: $0
Welcome supply: This card doesn’t have a welcome bonus 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
- Playing cards with no annual price often don’t include journey insurance coverage, however this card comes with six kinds 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.
- You’ll be able to earn 1.5% money again on all of your purchases (or 2% if you happen to’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.
- Whereas most World Elite playing cards include an annual price, the Rogers Pink offers you World Elite advantages like reductions on Reserving.com and free Boingo Wi-Fi without charge.
Cons
- To be authorised, you’ll want a private earnings of a minimum of $80,000 or family earnings of a minimum of $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 generally, the method is straightforward. You’ll often need to e-book your journey on that bank card however completely different playing cards have completely different guidelines. For instance, some say you should e-book 100% of your journey on the cardboard whereas others don’t have that stipulation. Learn your paperwork to find out your obligations. When you e-book, 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 mentioned, we all the time advocate that you just learn the documentation out of your bank card firm.
