Even with a steep annual fee, you'll get excellent dining and travel perks that can help make up for the cost. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Editorial disclaimer: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Amex's highest level of coverage offers decent protection that will suit most people, but some travelers will want more. Terms apply. Trip insurance can cover prepaid non-reimbursable expenses. Exploring the Pros, Cons, and Benefits of Utilizing Professional Vacation Planning Services. Terms apply. One of the main advantages of Amex Gold Travel Protector is the comprehensive coverage it offers. For example, if you become sick with the virus and have to cancel your trip as a result, you may have coverage under trip cancellation insurance. Advertiser Disclosure: Many of the credit card offers that appear on this site are from credit card companies from which we receive compensation. that covers lost, damaged or stolen baggage. Generally speaking, the cost of the policy will be around 1-5% of the total cost of your trip. Here, we will take a look at some of the ways you can save money with Amex Gold Travel Protector. 3x SkyMiles on eligible Delta purchases; 2x at restaurants and U.S. supermarkets. Here is a rundown of the "covered losses" provided by Amex's trip cancellation and interruption insurance: Related: Book carefully if you have multiple Amex cards that offer travel protections. It is important to remember that Amex Gold Travel Protector does not cover all potential issues that may arise during your travels. The card details on this page have not been reviewed or provided by the card issuer. The Amex Platinum comes with access to a premium concierge service that can help you with everything from booking hard-to-get reservations to finding destination guides to help you plan out your next getaway. Each of these travel protections has limits, exclusions and requirements. This is a key benefit of purchasing travel insurance through American Express Travel Insurance. Prices will vary considerably based on the types of coverages selected, age, and limits of each coverage. Trips booked with miles from other sources even the cobranded Delta SkyMiles cards from Amex are excluded. 1The Cash Back refund option applies if the Travel Protection Plan Plus is purchased within seven (7) days of your initial deposit for your trip. Terms apply. While the American Express Gold Card isn't a premium travel card, it still offers core travel insurance protections that can make it the go-to card for booking travel and rental cars. Your trip also isnt covered if you used a combination of miles and dollars unless the miles came from a Membership Rewards transfer. The Amex Gold is a valuable option for U.S.-based customers who spend heavily on dining and groceries at U.S. supermarkets and are looking for an in-between, "premium-lite" card that offers good returns without a hefty price tag. The Amex trifecta is worth it if you get enough value from the cards' benefits and earn enough American Express Membership Rewards points to offset any applicable annual fees. Coverage limits are set on credit card travel insurance. Policies are designed to cover disruption due to the reasons listed in the policy you purchased. The most important factors to consider are that youre purchasing from a highly-rated company, the coverages are a match for your needs, and the premium is one with which youre comfortable paying. This bonus is worth roughly $402, according to WalletHub's calculations. In addition, as an Amazon Associate we earn from qualifying purchases. You can contact TD Credit Cards from 7:00 a.m. to 12:00 am (EST), seven days a week, at: Within Canada and the U.S.: 1-800-983-8472 . Terms apply. The Amex Gold and Chase Sapphire Preferred cards each bring their own benefits, but some pointed differences could make one card better suited for you than the other. Travel insurance policies can offer higher limit options. Want more credit card news and advice from TPG? Plus, your own feed of TPG content. which covers damage to or theft of eligible car rentals. Terms apply. Amex Gold Card Fees Annual Fee $250 Foreign Transaction Fees None Interest Rates See Pay Over Time APR Late fees Up to $40 Cash Advance APR 29.74% Variable Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. CFAR is not a stand-alone insurance policy it is an add-on coverage you select when you purchase a travel insurance policy or coverage you may be able to add to a travel insurance policy after purchase, within an initially specified timeframe. If you plan on taking multiple trips throughout the year, investing in Amex Gold Travel Protector may be worth the cost. Enrollment required. This American Express Gold Card travel insurance takes effect only when your trip is delayed more than 12 hours due to: An equipment failure of the airline or common carrier. We take your comments very seriously as they really help us to improve the site. These reasons consist of events that are unforeseen and unexpected. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. Amex Gold Travel Protector offers a range of coverage options, including trip cancellation and interruption coverage, medical and dental coverage, baggage protection, and more. The website contains educational information for understanding travel insurance coverages and policies, Compare 90 different policies from over 20 different companies. There is also no coverage for canceling a trip due to a U.S. State Department announcement warning of COVID-19 in a particular area. A pretty easy target to hit, especially if you're putting all your food and travel purchases on it, and these super valuable points are definitely worth the wait. Before purchasing a policy, its important to research the different types of coverage available and decide which ones best meet your needs. You can accomplish this by strategically using each card for purchases where it earns the most bonus points. | You want a travel credit card that prioritizes whats important to you. The Hilton Honors Card. There are two situations in which travel insurance can be worthwhile: to protect your trip and to protect your health. Additionally, each issuer offers a business credit card, giving Canadian business owners an easy way to earn bonus miles on their everyday business expenses.How do I contact TD Credit Cards? Another downside that may or may not be important is that American Express Travel Insurance does not sell annual or multi-trip policies. The American Express Gold Card's 4 points per dollar earnings rate at restaurants and U.S. supermarkets (up to $25,000 per calendar year, then 1 point) make the card a rewarding choice . A counterfeit scheduled airline or train ticket; or a scheduled airline or train ticket which is charged to a fraudulently issued or fraudulently used eligible card. For example, you'll generally need to pay for trips with your. You can select a package policy that includes several types of coverages in 1 plan or you can build your own travel insurance plan and select just the coverages that are important to you. Learn more: How to book better and avoid flight delays. Earn 5X Membership Rewards Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year. If you're outside of the United States, you can call collect at 1-303-273-6497. There are some things you just can't plan for. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. American Express offers you 2 options when it comes to purchasing travel insurance. ? Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. Terms and conditions apply. For an explanation of our Advertising Policy, visit. We may receive compensation when you click on links to those products. You may also have coverage if you become ill due to COVID-19 during your travels. Then, if your flight is delayed for more than 12 hours for a covered reason, American Express will reimburse you up to $300 for reasonable expenses such as meals, lodging, toiletries, medication and other personal use items. helps coordinate services when things go wrong on a trip. Depending on how much value you put on the Amex credits to offset the annual fee. $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline. Jonnica Hill via Unsplash. For more tips on buying travel insurance in general, youll find valuable information in our guide to buying the best travel insurance. However, if you are only planning one trip, it may be more cost effective to purchase a separate travel insurance policy. Any occurrence while the eligible traveler is incarcerated, Loss due to intentional acts by the eligible traveler, Financial insolvency of a travel agency, tour operator or travel supplier, Any expenses that are not authorized and reimbursable by the eligible traveler's employer if the eligible traveler makes the purchases with a commercial card, Covered losses that are made public or known to the eligible traveler prior to the departure for the covered trip, An eligible traveler's expenses paid prior to the covered trip, A statement from the common carrier that the covered trip was delayed. However, it is important to remember that the cost of the policy can add up quickly and it may not cover all potential issues that may arise during your travels. NerdWallet strives to keep its information accurate and up to date. That means you'll need to file with your personal auto insurance company first. If you can max out all the benefits this card has to offer, it might become a cornerstone of your wallet. Your email address will not be published. In exchange for the annual fee, you'll unlock access to the Amex Membership Rewards program that let you access airline and hotel transfer partners, along with new lifestyle and travel credits. You can see the entire list of cards that offer secondary car rental protection on the American Express website. These include 24/7 customer service, emergency assistance, access to legal advice, and discounts on rental cars and hotels. Additionally, its imperative that if youre worried about having medical coverage while traveling, youd want to purchase a travel insurance policy that provides medical coverage. Types of Amex Gold card Travel Insurance This post contains references to products from one or more of our advertisers. Editors note: This post has been updated with new information. For example, you'll generally need to pay for trips with your American Express Gold Card to get these travel protections. Bottom Line: American Express Travel Insurance offers 4 different levels of package policies, each comprising a collection of coverages most travelers look for. If you need this coverage while traveling, youll want to purchase a separate policy. With so many different coverage options, its difficult to compare apples to apples. The key benefit of the American Express Gold Card is 10 free miles of towing as well as jumpstarts and flat tire assistance. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Terms apply. The annual fee on the American Express Gold card is $250 (see rates & fees ). The AmEx Global Assist Hotline services available to. and decline the rental company's collision damage waiver product. Perhaps, for example, you have a need for just medical coverage while traveling abroad. For years, the Amex Gold Card has been one of the strongest travel cards on the market thanks to a reasonable annual fee and some unbeatable bonuses on groceries and dining that make it a go-to card to earn more points for everyday expenses. We chose a week-long trip for a 40-year old that cost $3,000. Is Amex Gold Travel Protector Worth It? After working as a tax accountant for a decade, JT turned his analytical skills to points, miles and credit cards. You can use points earned with the AmEx Gold to offset flights booked through American Express Travel, AmEx's easy-to-use travel portal, but you'll only get one cent per point in value. The price for coverage is the same for everyone in that specific age bracket. To receive coverage, you also need to pay for the entire fare with an eligible American Express card or by using Membership Rewards points to book tickets through Amex Travel. Regardless, it's still a smart idea to have some protections in place, like baggage insurance. American Express Travel Insurance is backed by AMEX Assurance Company which is highly-rated, established, and reputable. Another useful American Express Gold Card travel insurance protection covers cardmembers when they rent a car. Empowering Lives with Nutritious and Delicious NDIS Meals! The company offers competitive travel insurance package policies but also allows the traveler to build their own policies with only the coverages they deem necessary. Note that you must be on a trip starting from your city of residence to be covered. Here is an overview of the process that major U.S. airlines require for you to receive a delay or cancellation verification form: Unfortunately, no American Express credit cards offer primary car rental coverage, although most offer secondary coverage. Your email address will not be published. 4x on two categories where your business spends the most (up to $150,000 per calendar year; then 1x), 1x on all other purchases. For reference, the six "freebies" are: The Blue Cash Everyday Card. All information and content provided by Upgraded Points is intended as general information and for educational purposes only, and should not be interpreted as medical advice or legal advice. The content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. Hi William. Do not sell or share my personal information. <p><img src="https://static6.businessinsider.com/image/5dd85b72fd9db25e383b14e3-2377/american express 6.jpg" border="0" alt="american express 6" data-mce-source . We'll run a soft credit check to find special offers, but it wont affect your credit score. The current welcome offer on this card is quite lucrative. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features. American Express Travel Insurance offers 4 levels of travel insurance package policy plans a Basic Plan, Silver Plan, Gold Plan, and Platinum Plan. The annual fee is relatively high at $550, but it comes with a range of exclusive benefits, including airport lounge access, 5x points on select flights, and free hotel stays . One option is Amex Gold Travel Protector, which provides coverage for a variety of potential issues that may arise during your travels. They rent a car in addition, as an Amazon Associate we from..., for example, you 'll generally need to pay for trips your. The different types of Amex Gold travel Protector does not sell annual or multi-trip policies a. Consist of events that are unforeseen and unexpected a combination of miles and credit cards offset annual. 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