Many Canadian bank cards include built-in journey insurance coverage advantages, akin to emergency medical protection, journey cancellation safety and flight delay compensation, which may save travellers from sudden out-of-pocket bills. Our record of the perfect journey insurance coverage bank cards include these advantages and extra.
Finest journey insurance coverage bank cards in Canada
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Gold: Finest journey insurance coverage card
Nationwide Financial institution World Elite Mastercard
Comes with emergency medical insurance coverage for journeys of as much as 60 days (aged 54 and below), plus flight cancelation, rental automobile insurance coverage, and extra.
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Curiosity Charges:
20.99% buy, 22.49% money advance, 22.49% stability switch
Welcome provide:
$320 worth
Earn as much as 40,000 rewards factors. Should apply by March 31, 2025.
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Silver: Finest journey insurance coverage card
RBC Avion Visa Infinite Privilege
Get limitless emergency medical insurance coverage for journeys of as much as 31 days (aged 64 and below). Seniors aged 65 and older are coated for as much as 7 days.
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Curiosity Charges:
20.99% buy, 22.99% money advance, 22.99% stability switch
Welcome provide:
$1179 worth
Earn 55,000 Avion factors. Apply by January fifteenth, 2025
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Bronze: Finest journey insurance coverage card
Scotiabank Platinum American Categorical Card
Comes with the total suite of coverages, together with emergency medical for seniors over 75. No overseas transaction charges and factors on each buy.
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Curiosity Charges:
9.99% buy, 9.99% money advance, 22.99% stability switch
Welcome provide:
$600 worth
Earn as much as $2,500 in worth within the first 14 months, together with as much as 80,000 bonus Scene+ factors. Supply ends January 3, 2025.
MoneySense award winners
Dive into the professionals and cons of our gold, silver and bronze-winning bank cards for journey insurance coverage, in addition to our no-fee various.
Gold—Finest journey insurance coverage bank card
At a look: The Nationwide Financial institution World Elite Mastercard is the perfect journey insurance coverage bank card in Canada. Not solely does it provide a variety of insurance coverage coverages—from emergency medical to journey cancellation, baggage delay and car rental insurance—however the protection quantities are additionally spectacular. Most notable is the length of emergency medical protection for travellers 54 and below: at 60 days, it’s triple the size of many different playing cards with journey insurance coverage in Canada.
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Nationwide Financial institution World Elite Mastercard
Annual charge: $150
Welcome provide: 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 |
| Earnings required | Private revenue of $80,000 or family revenue of $150,000 |
| Credit score rating | 760 or greater |
| Level worth | 1 level is value $0.01 when redeeming utilizing Nationwide Financial institution’s À La Carte Rewards Plan. |
Silver—Finest journey insurance coverage bank card
At a look: The RBC Avion Visa Infinite Privilege is our runner up in the perfect bank cards with journey insurance coverage class. It’s the one card with limitless emergency medical protection—a perk that even applies to Canadians over the age of 65. The cardboard comes with all the opposite coverages you would possibly count on from a premium travel credit card, together with journey accident, journey cancellation, rental automobile and lodge housebreaking insurance coverage. You’ll, nevertheless, want a excessive private or family revenue to qualify.
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RBC Avion Visa Infinite Privilege
Annual charge: $399
Welcome provide: Earn as much as 55,000 Avion factors ($1,178 worth).
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances and on stability transfers |
| Earnings required | $200,000 per yr |
| Credit score rating | 760 or greater |
| Level worth | 1 RBC Avion level = As much as $0.023 when redeemed for journey utilizing RBC’s Air Journey Redemption Schedule. |
Bronze—Finest journey insurance coverage bank card in Canada
At a look: The Scotiabank Platinum American Categorical card rounds out the top-three finest journey insurance coverage bank cards. No different card provides 10 days’ emergency medical insurance coverage to Canadian seniors aged 75 and older. And there’s tons extra to like than simply the excellent insurance coverage package deal, together with the advantage of no foreign transaction fees on foreign-currency purchases. Cardholders earn 2 Scene+ factors per greenback spent.
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Scotiabank Platinum Amex
Annual charge: $399
Welcome provide: Earn as much as $2,500 in worth within the first 14 months, together with as much as 80,000 bonus Scene+ factors. Supply ends October 31, 2025.
Card particulars
| Rates of interest | 9.99% on purchases, 9.99% on money advances, 22.99% on stability transfers |
| Earnings required | $12,000 per yr |
| Credit score rating | 760 or greater |
| Level worth | 1 Scene+ level = $0.01 when redeemed for journey on any airline or lodge (together with Airbnbs). |
Finest journey insurance coverage bank card with no annual charge
At a look: If you need a journey insurance coverage bank card with out an annual charge, the Rogers Purple World Elite Mastercard needs to be excessive in your record. Not solely does it embody invaluable journey and rental automobile insurance coverage, but it surely’s additionally one of many best cash back credit cards in Canada. For each $1 you spend, you’ll get again at the very least 1.5% money again.
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Rogers Purple World Elite Mastercard
Annual charge: $0
Welcome provide: None at the moment.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Earnings required | $80,000 per yr |
| Credit score rating | 725 or greater |
Professionals
- No annual charge: Playing cards with no annual charge often don’t include journey insurance coverage, however this card comes with six sorts of protection, together with emergency medical for as much as 10 days, and automobile rental theft and injury protection for as much as 31 days.
- Cask again earnings: Earn 1.5% money again on all of your purchases (or 2% in the event you’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.
Cons
- Excessive revenue necessities: To be permitted, you’ll want a private revenue of at the very least $80,000 or family revenue of at the very least $150,000.
How does bank card journey insurance coverage work?
Each insurance coverage package deal is tailor-made to a particular card and program however normally, the method is straightforward. You’ll often should e-book your journey on that bank card however totally different playing cards have totally different guidelines. For instance, some say you’ll want to 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 mechanically have entry to the included protection. You don’t should notify the bank card firm that you just’re touring or name to activate the protection. That mentioned, we all the time suggest that you just learn the documentation out of your bank card firm.