If you own and operate a small business, you're probably familiar with business credit cards. But if your company is really on the up-and-up, you might want to start looking into corporate credit cards.
02.10.2024 - 21:15 / thepointsguy.com
Chances are you have a credit card that offers some type of travel insurance or trip protection. This could be for benefits like trip delay reimbursement or lost luggage insurance. With these protections, purchasing a travel insurance policy may seem unnecessary.
When I first got into the world of credit card points and miles, I thought, "I'm never buying travel insurance again because my credit cards cover it!"
So why do I buy an annual travel insurance policy for myself and my wife? Isn't that an unnecessary expense? Here's why I buy an annual travel insurance plan, even though my credit cards offer numerous trip protections.
Before we understand which credit cards offer travel insurance benefits and why I carry an annual policy, let's define travel insurance.
Travel insurance is a catch-all term for a policy that covers you against financial losses during travel. This could include things such as lost property, lost money from accidents or delays, unforeseen medical bills and even serious injuries — or accidental death.
Policies vary in what they cover, when the coverage becomes active, which events trigger your policy's coverage and other intricacies. There's also an add-on "cancel for any reason" insurance on some policies.
Before discussing why I carry an annual travel insurance policy, let's look at some popular travel credit cards to see what protections they offer. We can then use this to see what they don't cover, as well as to understand when coverage is and isn't in effect.
Here are four popular travel credit cards and the coverage they provide for travel mishaps:
*Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by New Hampshire Insurance Company, an AIG Company.
**Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Cardmembers are
responsible for the costs charged by third-party service providers.
***Eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for details. Policies are underwritten by AMEX Assurance Company.
Related: The 9 best credit cards with travel insurance
From the chart above, the list of travel protections and trip insurance provided by credit cards appears quite robust at first. Unfortunately, there are parts of your upcoming trip that may not be covered by your credit card's travel protections — which is why I carry an annual travel insurance policy. Let's look at what isn't covered by your credit card travel insurance because some of this information may surprise you.
Firstly, your credit
If you own and operate a small business, you're probably familiar with business credit cards. But if your company is really on the up-and-up, you might want to start looking into corporate credit cards.
It's that time of year again: Time to use any credits that will expire at the end of the year, plan any last mileage runs or mattress runs for elite status and start thinking about your points-and-miles strategy for next year. It's also a good time to see what loyalty program and credit card changes are happening next year.
As a travel planner at Marvelous Mouse Travels, I've explored Europe extensively to find the best recommendations for my clients.
Regent Seven Seas Cruises is launching a new incentive for travel advisors.
As a beer aficionado, I've been to my fair share of brew festivals throughout the US, several of which were "Oktoberfest" themed.
If you're a Chase cardmember, check the offers section of your account. You may have been targeted with a generous new travel promotion offering $100 back when you spend $500 or more on Chase Travel℠.
Not long ago, I was at Home Depot with my mom, grabbing a few things she needed, like lightbulbs and air filters. A friendly employee wearing the store's iconic orange apron greeted us.
When you first see it, the term "negative balance" can make you think you made a mistake, like forgetting to pay your credit card balance. However, a negative balance on your credit card is actually a good thing because it means the bank owes you money instead of the other way around.
There's nothing like being asked to be a part of someone's special day. Whether it's via a thoughtful gift box or an excited phone call, when a sibling or close friend asks you to be in their wedding party, you're almost certainly going to say yes.
European rail company Eurostar is becoming the first non-airline partner of the SkyTeam Alliance, making it easier for its members to travel across Europe.
Indian online travel agency EaseMyTrip has partnered with Bank of Baroda to introduce the first co-branded travel debit card by a public sector bank in India. This is the latest in the trend of new travel cards in India.
Taylor Swift's "The Eras Tour" returns to the U.S. next month, and while I'm no Swiftie, I have a 9-year-old daughter who's a massive fan. I may not be able to belt out the lyrics to many of her songs, but I do have a ton of experience leveraging my travel credit cards and knowledge of points and miles to make memories with my family.