For those who’re one of many almost 80% of Canadians planning a visit exterior your province or territory this 12 months, you’re going to wish to use a journey bank card with strong insurance coverage.
Prime 3 playing cards for journey insurance coverage
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Finest 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% steadiness switch
Welcome supply:
$320 worth
Earn as much as 40,000 rewards factors. Should apply by March 31, 2025.
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Finest 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% steadiness 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.
Finest bank cards for journey insurance coverage by class
The varieties of journey protection you’ll want—and the perks and advantages which can be most respected to you—will depend upon the kind of journey you’re taking, so we’ve damaged down our favorite bank cards into classes.
| Finest card by class | Highlights | Particulars | Eligibility necessities |
|---|---|---|---|
| FEATURED Nationwide Financial institution World Elite Mastercard  GO TO SITE |
Award: Finest general journey insurance coverage bank card
Finest 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 payment: $150
Rewards: 1 to five factors per greenback Rates of interest: 20.99% on purchases, 22.49% on money advances, 22.49% on steadiness transfers |
Revenue: $80,000 (private) or $150,000 (family)
Credit score rating: 760 or greater |
| FEATURED Scotiabank Passport Visa Infinite  GO TO SITE |
Award: Probably the greatest playing cards with an annual payment (honourable point out)
Finest options: Good emergency medical protection, and 6 free airport lounge entry passes |
Annual payment: $150
Rewards: 1 to three factors per greenback Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers |
Revenue: $60,000 (private) or $100,000 (family)
Credit score rating: 725 or greater |
| FEATURED BMO Ascend World Elite Mastercard  GO TO SITE |
Award: Probably the greatest playing cards with an annual payment (honourable point out)
Finest options: Emergency medical protection as much as 21 days on limitless journeys per 12 months |
Annual payment: $150
Rewards: 1 to five factors per greenback Rates of interest: 20.99% on purchases, 23.99% on steadiness transfers, 23.99% on money advances |
Revenue: $80,000 (private) or $150,000 (family)
Credit score rating: 760 or greater |
| FEATURED BMO CashBack World Elite Mastercard  GO TO SITE |
Award: Probably the greatest playing cards with an annual payment (honourable point out)
Finest options: BMO Roadside Help Program advantages by way of a free, primary membership within the Dominion Car Affiliation |
Annual payment: $120
Rewards: 1% to five% money again Rates of interest: 20.99% on purchases, 23.99% on money advances, 23.99% on steadiness transfers |
Revenue: $80,000 (private) or $150,000 (family)
Credit score rating: 760 or greater |
| FEATURED Rogers Purple World Elite Mastercard  GO TO SITE |
Award: Finest no-fee journey insurance coverage bank card
Finest options: Get six varieties of journey insurance coverage protection with no annual payment |
Annual payment: $0
Rewards: 1.5% to three% money again Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers |
Revenue: $80,000
Credit score rating: 725 or greater |
Finest journey insurance coverage bank card general
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 listing. 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 payment: $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 steadiness transfers |
| Revenue required | Private revenue of $80,000 or family revenue of $150,000 |
| Credit score rating | 760 or greater |
| Level worth | 1 level is price $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 usually very quick, round 3 to five days. With this card, seniors are coated 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 coated 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 payment 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 coated for accidents that happen whereas travelling on a standard service, similar to an airplane or prepare.
- The annual payment of $150 is greater than another playing cards on this class.
- The revenue necessities are excessive, at $80,000 private or $150,000 for the family.
Honourable mentions
Scotiabank Passport Visa Infinite
At a look: It might be laborious to overstate the perks of lounge entry. Once 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 rise up to 25 days of journey medical insurance coverage, which is spectacular in comparison with another playing cards on this listing. For those who’re aged 65 or older although, you might be solely coated for 3 days. The cardboard additionally boasts protection for journey cancellation, flight delays, misplaced baggage, rental automotive collision/ injury, accident insurance coverage and extra.
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Scotiabank Passport Visa Infinite
Annual payment: $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. Provide ends October 31, 2025.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers |
| Revenue required | Private revenue of $60,000 per 12 months or family revenue of $100,000 per 12 months |
| Credit score rating | 725 or greater |
| Level worth | 1 Scene+ level = $0.01 when redeemed for journey on any airline or lodge (together with Airbnbs). |
BMO Ascend World Elite Mastercard
At a look: Canadians are privileged in the case 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 payment: $150
Welcome supply: You possibly can 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 steadiness transfers, 23.99% on money advances |
| Revenue required | Private revenue of $80,000 or family revenue of $150,000 |
| Credit score rating | 760 or greater |
| Level worth | 1 BMO Rewards level = $0.0067 when redeemed for journey. |
BMO CashBack World Elite
At a look: Many journey bank cards concentrate on air journey however for the highway trippers amongst us, we’ve chosen the BMO CashBack World Elite Mastercard. Cardmembers are coated by the BMO World Elite Complete Journey and Medical Safety bundle, which incorporates collision injury 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, primary membership within the Dominion Car Affiliation and the advantages of its BMO Roadside Help Program.
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BMO CashBack World Elite
Annual payment: $120
Welcome supply: earn as much as 10% money again in your first 3 months and the $120 annual payment waived in your first anniversary
Card particulars
| Rates of interest | 20.99% on purchases, 23.99% on money advances, 23.99% on steadiness transfers |
| Revenue required | Private revenue of $80,000 or family revenue of $150,000 |
| Credit score rating | 760 or greater |
Execs
- Cardmembers are coated by the BMO World Elite Complete Journey and Medical Safety bundle, which incorporates collision injury 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, primary 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.
- Helps you to earn money again in ceaselessly used classes which you’ll redeem on demand.
Cons
- Though this card gives extraordinarily aggressive earn charges, there are low month-to-month caps on bonus classes: $500 in groceries, $300 in transit, gasoline, and EV charging, and $500 in recurring payments. Any purchases over these month-to-month limits will earn on the 1% base price.
- The revenue necessities are excessive, at $80,000 private or $150,000 for the family.
Finest no-fee journey insurance coverage bank card
Rogers Purple World Elite Mastercard
At a look: If you need a journey insurance coverage bank card with out committing to an annual payment, take a look at the Rogers Purple World Elite Mastercard. Not solely does this no-fee card embody useful 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% for those who’re a Rogers, Fido or Shaw buyer).
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Rogers Purple World Elite Mastercard
Annual payment: $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 steadiness transfers |
| Revenue required | $80,000 per 12 months |
| Credit score rating | 725 or greater |
Execs
- Playing cards with no annual payment often don’t include journey insurance coverage, however this card comes with six varieties of protection, together with emergency medical for as much as 10 days, and automotive rental theft and injury protection for as much as 31 days.
- You possibly can earn 1.5% money again on all of your purchases (or 2% for those who’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 payment, the Rogers Purple provides you World Elite advantages like reductions on Reserving.com and free Boingo Wi-Fi without charge.
Cons
- To be accepted, you’ll want a private revenue of a minimum of $80,000 or family revenue of a minimum of $150,000.
How does bank card journey insurance coverage work?
Each insurance coverage bundle is tailor-made to a particular card and program however usually, the method is easy. You’ll often must 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 duties. When you e-book, you’ll robotically have entry to the included protection. You don’t must notify the bank card firm that you just’re touring or name to activate the protection. That stated, we all the time suggest that you just learn the documentation out of your bank card firm.
