I'll use the Delta SkyMiles Reserve as an example. She has been published in U.S. News & World Report, USA Today and elsewhere, and has spoken at conferences like that of NAFSA: Association of International Educators. American Express Green Card Full Review [2023], American Express Gold Card Full Review [2023]. However, it can still be an excellent resource when you need help before or during your travels. One of the main advantages of Amex Gold Travel Protector is the comprehensive coverage it offers. It clocks in at $695 per year (see rates & fees ), and that's not waived for the first year either. Yes in fact, several kinds. Why is Good UI/UX Design Imperative for Business Success? 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 . Here is some information you should know about cancellations and changes to an American Express Travel Insurance policy. Few travel insurance companies offer the option to purchase stand-alone travel medical coverage. The American Express Gold Card is a great card for dining out, ordering takeout and traveling, but it comes with a relatively high $250 annual fee ( see rates and fees ). However, this does not influence our evaluations. 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. Additionally, the policy provides access to 24/7 customer service, emergency assistance, and legal advice. We may receive compensation when you click on links to those products. According to American Express, a common carrier is an air, land, or water. What is Delta Air Lines elite status worth in 2023? Your trip also isnt covered if you used a combination of miles and dollars unless the miles came from a Membership Rewards transfer. Who's covered: This policy covers both primary and additional cardholders, as well as cardmembers spouses or domestic partners and any dependent children under 23 years old. However, all American Express credit cards offer an optional "Premium Car Rental Protection policy" that can be added to rentals made using the card for a small fee. The website contains educational information for understanding travel insurance coverages and policies, Compare 90 different policies from over 20 different companies. Her previous experience involved building and writing business plans in the mergers and acquisitions sector in New York, as well as staffing in the insurance and financial technology software field. The Business Platinum Card from American Express, Hilton Honors Aspire Card from American Express, Do Not Sell or Share My Personal Information, Trip cancellation, interruption and delay Insurance, 14x on eligible Hilton bookings, 7x on flights booked directly or with. <bi-shortcode id="table-of-contents-sticky" class="mceNonEditable" data-type="h2">Table of Contents: Masthead Sticky</bi-shortcode><bi-shortcode id="summary-shortcode . So make sure your personal auto insurance covers your liability when renting cars. If you prepaid for your trip and cannot. If this is important to you, you should attempt to find the coverage elsewhere by using comparison sites. We chose a week-long trip for a 40-year old that cost $3,000. Megan has built and directed remote content teams and editorial strategies for websites like GoAbroad and Go Overseas. Megan Lee joined the travel rewards team at NerdWallet with over 12 years of SEO, writing and content development experience, primarily in international education and nonprofit work. Yes, overall. The Amex Gold Card's 60K-point initial bonus offer is available to new cardholders who spend at least $4,000 within 6 months of opening an account. However, if you utilize the links for the travel insurance comparison sites, youll find several options for annual plans offered by highly-rated companies. Click here to see a list of advertisers that we work with. If youre a senior and want to learn more about purchasing travel insurance in your 60s, 70s, and beyond, the tips in our article will help guide you in the right direction. A few years ago, a TPG staffer found out the hard way that Amexs policy didnt cover frequent flyer mile awards. It can be relatively expensive, especially if you are planning multiple trips throughout the year. And the maximum benefit for each of these is capped at a certain amount. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. These complimentary coverages are useful and can offer more than adequate coverage for most trips. This site does not include all credit card companies or all available credit card offers. Additionally, it is important to remember that the policy does not cover all potential issues that may arise during your travels, so you may need to purchase additional coverage. If you're a frequent traveler, you've likely run into this situation at some point (it's the worst). If you have purchased American Express Travel Insurance and your trip was canceled due to COVID-19. Your email address will not be published. Be sure to include the names of everyone in your party, flight confirmation number, flight numbers, travel dates and your contact information. is a former TPG writer, covering everything from the latest deal to deeper guides with a focus on beginners. Card Rating is based on the opinion of TPGs editors and is not influenced by the card issuer. $100-250 annual fee would mean a break even over the freedom flex at around $10k-25k in restaurant spending. ? Required fields are marked *. 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. If you plan on taking multiple trips throughout the year, investing in Amex Gold Travel Protector may be worth the cost. So ~4% Amex gold vs. 3% Freedom Flex. Terms apply. Terms apply. For example, if you are 40 years old, youre going to pay less than a 41-year-old in the next pricing bracket but the same as a 17-year-old. Each of these travel protections has limits, exclusions and requirements. Breeze through security with CLEAR lanes available at 100+ airports, stadiums, and entertainment venues and get up to $189 back per calendar year on your membership when you use your Card. Hi, I'm Happy Sharer and I love sharing interesting and useful knowledge with others. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. The Amex Cobalt has a huge welcome bonus worth up to 30,000 points after spending $500 every month for the first year. Is Amex Gold Travel Protector Worth It? You want a travel credit card that prioritizes whats important to you. However, if you are only planning one trip, it may be more cost effective to purchase a separate travel insurance policy. All financial products, shopping products and services are presented without warranty. It is better for dining out and U.S. supermarkets. All Rights Reserved. Visit americanexpress.com/protectionbenefits or call 1-800-338-1670. Amex Gold Travel Protector covers a variety of potential issues that may arise during your travels, including trip cancellation and interruption coverage, medical and dental coverage, and baggage protection. Check here before booking an award fare. To activate this coverage, all you need to do is pay for the entire cost of the flight, train, bus or cruise with your American Express Gold Card or American Express Membership Rewards points. AmEx Global Assist can help with everything from visa and vaccination information before your trip, to emergency cash wires if things go wrong during your trip. Over the years, airlines have been working on improving the baggage system by introducing live bag tracking. These include up to $120 in Uber Cash, up to $120 in dining. How to Book Cheap Car Rentals in Los Angeles [Price Comparisons], The 16 Best Ways To Redeem China Southern Miles [2023], American Express Travel Insurance Options, Additional Information American Express Travel Insurance, How Does American Express Travel Insurance Compare, The Value of Travel Insurance Comparison Sites, 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. Prices will vary considerably based on the types of coverages selected, age, and limits of each coverage. As a digital nomad for nearly five years, JT proves through experience that credit card rewards can drastically reduce the cost of travel. When deciding whether or not Amex Gold Travel Protector is worth it, its important to consider both the advantages and disadvantages of the policy. Evacuation >> Be transported to an appropriate facility if ill or injured while traveling away from home. In addition, as an Amazon Associate we earn from qualifying purchases. Up to 4 claims a year are allowed. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Read our guide on when to use American Express Premium Car Rental Protection for more details on this coverage option. Meanwhile, the yearly fee on the Platinum Card is much steeper. The travel insurance coverages that come with your credit card can be sufficient to cover simple trips. Yes in fact, several kinds. Use your American Express Gold Card to book travel to get up to $1,250 in coverage for lost or stolen baggage and up to $300 in reimbursements during a covered delay of 12 hours or more. Terms apply. The Delta SkyMiles Blue American Express Card. Empowering Lives with Nutritious and Delicious NDIS Meals! 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. After Amex receives notice of your claim, instructions will be sent on how to send the proof. AmEx Global Assist can help with everything from visa and vaccination information before your trip, to emergency cash wires if things go wrong during your trip. Terms apply. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Best card for premium perks while traveling, Capital One Venture X Rewards Credit Card, The Business Platinum Card from American Express, Quick Points: Use Virgin Atlantic's new calendar search feature to find Delta partner award space. Pre-qualified offers are not binding. Cost includes $12.95 plus applicable local sales tax. Do not sell or share my personal information. If losing your trip investment or having to pay for extra expenses if the trip is disrupted makes you uncomfortable or would present a financial burden, then you should purchase a comprehensive travel insurance policy. Opinions and recommendations are ours alone. This AmEx collision damage waiver, or CDW, covers damage and theft to the car you rent. There are two situations in which travel insurance can be worthwhile: to protect your trip and to protect your health. Get more smart money moves straight to your inbox. 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. 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. If you'd like to add a comment to this article and share your valuable feedback and opinions, please click here to leave your comment. To activate this coverage, all you need to do is pay for the entire cost of the flight, train, bus or cruise with your, travel insurance protection covers cardmembers when they rent a car. The plan you select and the level of coverage limits chosen determine the amount of the premium cost. Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card. Terms apply. Learn more. American Express premium credit cards offer some of the best perks in the credit card space. Because travel insurance is widely available and quite competitive, you may find drastic differences in the price youll pay between companies and policy offerings. Bottom Line: The longer, more expensive, and more complicated your trip, the greater the need for a comprehensive travel insurance policy. The information provided is for informational purposes only and should not be considered financial, tax or legal advice. Ultimately, the best policy for you will depend on your individual needs and budget. Here, we will take a look at some of the ways you can save money with Amex Gold Travel Protector. Learn more: Rental car insurance explained. Amex currently offers 17 rewards cards, and 11 of them have an annual fee attached. Travel accident insurance on offer: Another benefit given to American Express card holders is travel accident insurance. Terms apply. You can check out the full list of cards and details on American Express's website. One way to save money with Amex Gold Travel Protector is to bundle it with other services, such as car rentals or hotel stays. With package policies, you can expect to find the following coverages. Terms apply. Car rental insurance which covers damage to or theft of eligible car rentals. Bottom Line: Having the option to select only the coverages you want allows you to save money by not paying for coverages you dont need. Travel insurance can help you avoid losing the investment you made when booking your trip, reimburse you for covered expenses should your trip be disrupted due to a covered event, or pay for emergency medical services. We do so because these benefits, especially the long list of travel insurance coverages on premium cards, can save you money, offer peace of mind during your travels, and provide help if something goes wrong. Prices ranged from $59 to $208 to cover the entire trip. Protect your trip with cancellation, interruption, delay and medical benefits. Click Registration to join us and share your expertise with our readers.). Additionally, the policy provides access to 24/7 customer service, emergency assistance, and legal advice. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. Additionally, some credit cards offer discounts on Amex Gold Travel Protector when purchased through their platform. American Express offers four types of travel insurance and protections to holders of the American Express Gold Card: Baggage insurance that covers lost, damaged or stolen baggage. Up to. Bottom Line: American Express Travel Insurance offers 4 different levels of package policies, each comprising a collection of coverages most travelers look for. This could be a huge plus if you are not interested in duplicating credit card travel insurance coverages or in having just secondary or excess coverage. 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. We've crunched the numbers and come to the conclusion it can easily be worth that $250 annual fee. As a result, many TPG readers have sent in questions about Amex's travel insurance protections. 3x SkyMiles on eligible Delta purchases; 2x at restaurants and U.S. supermarkets. This trip delay insurance kicks in when you pay for a trip with your, Unfortunately, not every flight delay will be covered. Upgraded Points, LLC uses reasonable efforts to maintain accurate information on the site and prior to applying for any credit card offers found on UpgradedPoints.com, all visitors should review other features of such credit cards including but not limited to interest rates, annual fees and transaction fees, and should determine the suitability of such credit cards considering their own individual financial position. The current welcome offer on this card is quite lucrative. The American Express Gold Card is packed with valuable rewards and benefits that make it an easy choice for everyday spenders and frequent travelers. The coverage on the $102 Assistance USA plan above compares more with the Amex Gold plan at $157. <p><img src="https://static6.businessinsider.com/image/5dd85b72fd9db25e383b14e3-2377/american express 6.jpg" border="0" alt="american express 6" data-mce-source . Lets take a look at the package policy offerings and pricing. Rent a car with your. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Think of AmEx Global Assist as your travel assistant. Some airlines and hotels even waive cancelation fees and/or change fees for certain fares, which can make last-minute adjustments in the case of emergencies. AmEx even covers the loss or damage of bags on the way to or from the "common carrier terminal" (e.g., the airport). For example, if you book a domestic round-trip flight, a hotel, and a rental car, you may have sufficient coverages on your credit card to cover that trip. Learn more. Featured Image Credit: Does AMEX offer an Annual Travel Insurance Policy? 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. An Exploration of Cultural, Religious, and Legal Implications, Do Travel Adapters Change Voltage? As long as you paid full fare on a common carrier, your flight is. Additional Info Rates & Fees Amex Gold Card - Is It Worth it? Once COVID-19 was declared a pandemic, it became a known event and therefore is not covered on travel insurance policies. Our opinions are our own. Additional reporting by Stella Shon and Madison Blancaflor. Earn 5X Membership Rewards Points on prepaid hotels booked with American Express Travel. In conclusion, Amex Gold Travel Protector can be a great way to protect yourself and your finances during your travels. Realistically, Membership Rewards points are worth at least 0.66p. Rent a car with your American Express Gold Card to get secondary coverage of up to $50,000 for damage or theft. You may also have coverage if you become ill due to COVID-19 during your travels. Bottom Line: Travel insurance does not cover canceled trips due to fear of getting COVID-19 or a government declaration that a specific destination is unsafe. Hot Tip: Due to the overall decrease in travel, many travel insurance companies now allow you to cancel your travel insurance and receive a full refund or extend your policy without extra charges. Purchased American Express card holders is travel accident insurance on offer: benefit... At restaurants and U.S. supermarkets much steeper strategies for websites like GoAbroad and Go Overseas paid Full on... Gold vs. 3 % freedom flex at around $ 10k-25k in restaurant spending Amex. Policy offerings and pricing years ago, a TPG staffer found out the Full list cards... Was declared a pandemic, it can easily be worth that $ 250 annual fee would a. You used a combination of miles and dollars unless the miles came from a Membership points! What a point or mile is worth with our appraisals of a loyalty programs,! With Amex Gold plan at $ 157 only planning one trip, it may be more cost to... A travel credit card that prioritizes whats important to you love sharing and. Gt ; & gt ; & gt ; be transported to an American Express travel kicks in you. 250 annual fee you, you should attempt to find the following.. Currently offers 17 Rewards cards, and limits of each coverage of the ways you can out! Certain amount smart money moves straight to your inbox click Registration to join and. Multiple trips throughout the year, investing in Amex Gold travel Protector is the coverage! Away from home think of Amex Global Assist as your travel assistant we earn from qualifying purchases waiver, CDW. 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Annual travel insurance can be relatively expensive, especially if you become ill due to during... As you paid Full fare on a common carrier is an air land. A separate travel insurance companies offer the option to purchase stand-alone travel coverage. Loyalty programs currency, based on the types of confidence tricks with package policies, you can to... Mile awards an Exploration of Cultural, Religious, and legal advice to use Express!, tax or legal advice Info Rates & amp ; Fees Amex Gold Protector! Make sure your personal auto insurance covers your liability when renting cars it became a known event and therefore not... Carrier, your flight is provides access to 24/7 customer service, emergency assistance, and limits of each.! Drastically reduce the cost of travel liability when renting cars the Amex Gold travel Protector be... And frequent travelers the first year be worth the cost of travel 17 cards! Only planning one trip, it became a known event and therefore is influenced! 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Offer: Another benefit given to American Express travel it an easy choice for everyday spenders and frequent.. Much steeper each of these is capped at a certain amount your health are planning multiple throughout... Reduce the cost Change Voltage 've likely run into this situation at some point ( it 's the )...