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[TRAVEL INSURANCE] Best Credit Cards for Trip Cancellation and Trip Interruption

We will be writing a multiple part series on the best credit cards for travel insurance. Each post will cover a different category of insurance. First up, we have Trip Cancellation and Trip Interruption. This insurance financially protects you if an illness or unexpected event forces you to cancel your plans before you leave or delays the travel to your destination. This could be compensation for transportation, basic necessities, and accommodation. Below is a list of all the top credit cards:

Credit Card Trip Cancellation Insurance Trip Interruption Insurance
National Bank World Elite MC Up to $2,500 per person Up to $5,000 per person
Capital One Aspire Travel World Elite MC Up to $1,000 per person

Max $5,000 for all insured persons

Up to $5,000 per person

Max $25,000 for all insured

Persons

Capital One IHG Rewards Club World MC Up to $1,000 per person

Max $5,000 for all insured persons

Up to $5,000 per person

Max $25,000 for all insured persons

Capital One Delta SkyMiles World MC Up to $1,000 per person

Max $5,000 for all insured persons

Up to $5,000 per person

Max $25,000 for all insured

persons

American Express Platinum Card Up to $1,500 per person

Max $3,000 for all insured persons

Up to $1,500 per person

Max $6,000 for all insured

Persons

American Express AeroplanPlus Reserve Card Up to $1,500 per person

Max $3,000 for all insured persons

Up to $1,500 per person

Max $6,000 for all insured

persons

CIBC Aerogold Infinite Privilege Card Up to $1,000 per person

Max $5,000 for all insured persons

Up to $2,000 per person
CIBC Aventura Infinite Visa Card Up to $1,000 per person

Max $5,000 for all insured persons

Up to $2,000 per person
CIBC Aerogold Infinite Visa Card Up to $1,000 per person

Max $5,000 for all insured persons

Up to $2,000 per person
TD Aeroplan Visa Infinite Privilege Card Up to $2,500 per person

Max $5,000 for all insured persons

Up to $5,000 per person

Max $25,000 for all insured

persons

TD First Class Travel Visa Infinite Card Up to $1,000 per person

Max $5,000 for all insured persons

Up to $5,000 per person

Max $25,000 for all insured

persons

RBC Avion Visa Infinite Privilege Card Up to $2,500 per person Max $5,000 per person
RBC British Airways Visa Infinite Card Up to $2,500 per person Max $5,000 per person
WestJet RBC World Elite MC N/A Up to $5,000 per person

Max $25,000 for all insured persons

Scotiabank American Express Platinum Card Up to $2,500 per person

Max $10,000 per trip

Up to $5,000 per person

Max $25,000 for all insured persons

Here you can see that a few cards like the RBC British Airways Visa Infinite Card and Scotiabank American Express Platinum Card offer a generous coverage for trip cancellation with an amount of $2,500 per person. Credit cards such as the TD Aeroplan Visa Infinite Privilege Card and Capital One Aspire Travel World Elite MasterCard offer trip interruption coverage of up to $5,000 per person for a maximum amount of $25,000.  While some credit cards require you to charge a payment of your travel expenses to the credit card, some just require you to just have the card in your wallet! This is great if you plan to put your expenses on credit cards which will earn you a little more. Ultimately, if this section applies to you, you may want to consider using a card which has a higher payout in case an interruption or cancellation does occur.

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Pointshogger aims to provide analysis and updates on earning loyalty reward points and maximizing the value of your points. We hope to inspire our readers to experience the joy of travel and make the most out of what they've already got!

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