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2025 - Credit Card Travel Insurance Benefits

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  1. #1

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    2025 - Credit Card Travel Insurance Benefits

    Quote Originally Posted by aquaman:
    annual travel insurance for a family of 4 is about $4000
    Isnt the coverage of the travel insurance benefits on credit cards quite limited? Last time I had a read, it was covering mostly things like accidential death, lost luggage and delay. Excludes, coverage for medical emergencies, rental car excess and lost items. You basically still need to buy a seperate travel insurance policy because it excludes medical which is the main point of travel insurance.

  2. #2

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    Quote Originally Posted by big_panda:
    Isnt the coverage of the travel insurance benefits on credit cards quite limited?
    It seems OK to me. Not enough cover for medical costs in thee USA, but sort of OK for other places. Here's the one that comes with the CitiPremierMiles card if you pay for your flight that way:
    Attached Images Attached Images

  3. #3

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    Quote Originally Posted by big_panda:
    Isnt the coverage of the travel insurance benefits on credit cards quite limited? Last time I had a read, it was covering mostly things like accidential death, lost luggage and delay. Excludes, coverage for medical emergencies, rental car excess and lost items. You basically still need to buy a seperate travel insurance policy because it excludes medical which is the main point of travel insurance.
    Specific to Amex Platinum benefits HKD1M / person - Chubb Coverage

    https://icm.aexp-static.com/Internet...20.pdf?noembed
    Last edited by shri; 03-12-2024 at 11:36 AM.

  4. #4

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    HSBC Everymile - AXA Coverage

    (a) upon the full costs are paid or settled by the covered HSBC EveryMile Credit Card issued in Hong Kong for the
    insured Trip, including:
    1) overseas transportation cost on land, water or air to or from Hong Kong; and/or
    2) overseas hotel fares for the entire insured Trip; and/or
    3) overseas tour package cost.
    Name:  Screenshot 2024-12-03 at 11.35.52 AM.png
Views: 212
Size:  56.6 KB

    https://www.hsbc.com.hk/content/dam/...et.pdf?noembed

  5. #5

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    I think one major benefit of the Amex Platinum DEBIT card is that for coverage you don't need to pay for the travel with your card (unlike some of the other cards).


  6. #6

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    Quote Originally Posted by pin:
    I think one major benefit of the Amex Platinum DEBIT card is that for coverage you don't need to pay for the travel with your card (unlike some of the other cards).
    Charge .. not technically debit as in its not linked to your bank acct. You have a few weeks buffer to pay.
    pin likes this.

  7. #7

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    For AMEX Explorer, it seems the travel insurance is only around the flight and/or luggage, missed connections etc. Does not seem to apply to anything the happens at the destination otherwise: https://www.americanexpress.com/cont..._Insurance.pdf

    A Covered Person will be fully insured for benefits under the Policy while taking a Covered Trip on a Common Carrier Conveyance only when the entire fare has been
    charged to his/her American Express Explorer Credit Card

    ...

    Common Carrier Conveyance" means an air, land or water conveyance operated under a license for the transportation of passengers for hire.

    ...

    "Covered Trip" means:
    i. a trip outside of the country of domicile (one-way or round trip) taken by the Covered Person between the Point of Departure and the Final Destination as shown
    on the Covered Person's ticket;

  8. #8

    Yeh, I always just get a separate policy, just coz there seems to be lots of loop holes / way out for the insurance coverage on the credit cards....


  9. #9

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    Quote Originally Posted by PLamHK:
    It seems OK to me. Not enough cover for medical costs in thee USA, but sort of OK for other places. Here's the one that comes with the CitiPremierMiles card if you pay for your flight that way:
    Seems like a one time thing? 1. Free Travel Insurance is valid for travel journey between April 1, 2024 to March 31, 2025 (both dates inclusive).

    https://www.citibank.com.hk/english/...iermiles-cards

  10. #10

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    Quote Originally Posted by big_panda:
    Seems like a one time thing? 1. Free Travel Insurance is valid for travel journey between April 1, 2024 to March 31, 2025 (both dates inclusive).

    https://www.citibank.com.hk/english/...iermiles-cards
    Not as I uderstand it. It covers any trip for which the flights are paid by the CitiPM card; it's not an annual policy. What makes you think it's one-time?

    From the PDF attached above:
    Insured Journey
    the period of travel commencing from the time when the insured person departs from an immigration counter in Hong Kong, until the time when the
    insured person (i) returns to Hong Kong on the date specified in the itinerary or (ii) arrives at any immigration counter in Hong Kong, whichever is the
    earlier. However, any insurance period of each journey should not exceed ninety (90) days.
    Coverage for any insured journey under this policy is subject to the conditions listed in below (a) or (b) or (c):
    (a)
    either one or more of the following has/have been purchased or settled by the customer with his/her Citi Prestige or PremierMiles Card issued by
    the Insured:
    (1)
    the inward and outward-bound travel ticket(s) to/from Hong Kong for the insured journey; and/or
    (2)
    the accommodation cost for the entire insured journey; and/or
    (3)
    the whole tour package for the insured journey.
    (b)
    in the event that condition (a) above is not satisfied but instead one or more of the items stated in (1), (2) and (3) above has been acquired with
    points earned by a rewards program, any additional costs (including tax and fuel surcharge and any fees which is required to be paid according to
    any local requirement (if applicable)) must be paid by the customer with his/her Citi Prestige or PremierMiles Card issued by the Insured.
    (c)
    in the event that condition (a) above is not satisfied but instead part of the fees for one or more of the items stated in (1), (2) and (3) above is settled
    by discount or coupon offered by third party, such discount amount must be stated on the receipt and any remaining fees and additional fees (if any)
    must be paid by the customer with his/her Citi Prestige or PremierMiles Card issued by the Insured.
    If the insured journey is extended beyond the date stated on the original itinerary, coverage on the extended period is also subject to the above conditions
    (a) or (b) or (c). However, the total insurance period of each journey should not exceed ninety (90) days

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