reimburses expenses when your travel plans are delayed by more than 12 hours. As long as you paid full fare on a common carrier, your flight is. But is Amex Gold Travel Protector worth it? Additionally, if you become ill with the virus during your travels, you may have coverage under Travel Medical Protection. Bottom Line: Knowing a travel insurance companys age pricing brackets can help you determine which company offers you the best value for your money. The travel insurance coverages that comes complimentary on your credit card can serve to provide coverage for some trips. 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. The interest rate on the American Express Gold card is 22.9% APR variable with a 57.6% APR variable including the annual fee (although the Amex Gold credit card is free for the first 12 months). As a result, many TPG readers have sent in questions about Amex's travel insurance protections. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. All Amex cards have access to Amexs Global Assist Hotline, but the Premium Global Assist Hotline and higher level of coverage are reserved exclusively for the Amexs premium cards: The information for the Amex Centurion and Amex Business Centurion cards has been collected independently by The Points Guy. 3x on eligible Delta purchases, 1x on all other purchases (that can become 1.5x after you spend $150,000 in a calendar year.) 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. is not covered on travel insurance policies. 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. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. 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. Christine was born in Northern Michigan but spent most of her career operating her own business developing and managing insurance and financial services offices throughout the state. How to get rental car insurance through the. Our opinions are our own. Types of Amex Gold card Travel Insurance We chose a week-long trip for a 40-year old that cost $3,000. However, if you utilize the links for the travel insurance comparison sites, youll find several options for annual plans offered by highly-rated companies. Terms apply. When not traveling, Megan adventures around her Midwest home base where she likes to attend theme parties, ride her bike and cook Asian food. The card details on this page have not been reviewed or provided by the card issuer. In order to protect yourself and your finances, its important to consider investing in travel insurance. 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. purchasing travel insurance in your 60s, 70s, and beyond, The 7 Best Cards for Travel Insurance Coverage and Protection [2023]. The average initial bonus is 31,338 points/miles or $230 cash back. However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. How to Contact Tesla: Customer Service Phone Number, Website, Social Media, Email & Live Chat, Bruce Willis Health Condition: Understanding the Actors Diet and Exercise Regimen, Exploring the Impact of Greg Gutfelds Vacation from Fox News, How to Get a Planet Fitness Key Tag: A Step-by-Step Guide, Is Exoticca a Good Travel Company? 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. American Express Travel Insurance is backed by AMEX Assurance Company which is highly-rated, established, and reputable. Your email address will not be published. 1.33 Nectar points are worth 0.66p when spent at Sainsbury's, Argos or eBay. Cruise >> Specialized coverage for your unique travel concerns when setting sail. The American Express Gold Card is best known for its dining, grocery and rideshare perks. If you're outside of the United States, you can call collect at 1-303-273-6497. Editors note: This post has been updated with new information. There are two situations in which travel insurance can be worthwhile: to protect your trip and to protect your health. However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. This is why you need to pay attention to the benefits each of your travel rewards cards offers. Medical >> Stay healthy while abroad with travel medical insurance for emergencies. However, this does not influence our evaluations. The AmEx Global Assist Hotline services available to American Express Gold Card members aren't as comprehensive as what you'll get on other premium AmEx cards. Coverage limits are set on credit card travel insurance. However, it is important to note that this cost can add up quickly, so it is important to make sure you are getting the most bang for your buck. Card Rating is based on the opinion of TPGs editors and is not influenced by the card issuer. All financial products, shopping products and services are presented without warranty. Cardholders of the American Express Gold Card can get baggage protection on their checked and carry-on bags when traveling on a common carrier such as an airline. Copies of your common carrier tickets and travel supplier receipt, Your eligible card billing statement showing the charges for the covered trip, Copy of travel supplier's cancelation policy. 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. Do you have knowledge or insights to share? A few years ago, a TPG staffer found out the hard way that Amexs policy didnt cover frequent flyer mile awards. The first policy above with Assistance USA for $77, for example, has coverages similar to the Silver Amex plan which has a premium of $133. We frequently discuss the travel insurance coverages that are offered complimentary on most credit cards. There is no doubt that American Express is a financially-stable, established, and well-respected travel insurance company. Hilton Honors American Express Aspire Card: The Amex EveryDay Preferred Credit Card from American Express, Everything you need to know about Amex's baggage insurance plan. Up to. AmEx even covers the loss or damage of bags on the way to or from the "common carrier terminal" (e.g., the airport). There are even more places your Platinum Card can get you complimentary entry and exclusive perks. However, you'll need to be wary of several key restrictions: Coverage is secondary. Keep in mind that a provider may ask for additional documentation related to the incident, so you may have to collect receipts and other forms to help your case. 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. 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. Here is an overview of the Amex cards that offer trip delay reimbursement, trip cancellation/interruption insurance or both: The information for the Amex Green Card, Hilton Aspire Amex card and American Express Corporate Platinum Card has been collected independently by The Points Guy. 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. This site does not include all credit card companies or all available credit card offers that are on the market. Our partners cannot pay us to guarantee favorable reviews of their products or services. Prices will vary considerably based on the types of coverages selected, age, and limits of each coverage. 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. is best known for its dining, grocery and rideshare perks. Few travel insurance companies offer the option to purchase stand-alone travel medical coverage. Blue from American Express. How much it covers: Most American Express credit cards will cover replacement costs for checked bags and their contents up to $500 per person, although so-called high-risk items are only covered for a maximum of $250. You can request a receipt for any flight taken in the past 13 months, For proof of delay or cancellation, submit an online request through their. 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. Improve earnings, maximize rewards and track progress toward dream trips. Terms apply. Here is a list of our partners. 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. While lounge access and travel credits are typically the highlights of these cards, some of the lesser-known benefits, such as trip delay reimbursement and trip cancellation and interruption insurance, are becoming hot topics as the coronavirus pandemic continues to impact the travel industry. This bonus value is an estimated valuation. But, don't worry if you booked a complicated itinerary. 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. In addition to providing coverage for a variety of potential problems, Amex Gold Travel Protector also offers a number of other benefits. Credit card travel insurance is administered by a third party, not by the issuing financial institution, thus making the claims process potentially redundant and complicated. If you're starting to travel again, it's also a good idea to consider booking refundable travel. Get up to $300 back per calendar year on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card. Amex Platinum has more travel perks, like lounge access, Global Entry fee credit, elite hotel status, and luxury travel discounts. Regardless, it's still a smart idea to have some protections in place, like baggage insurance. It also does not cover canceling your trip due to a government shutdown due to COVID-19, or a surge in cases in a particular area. Travel accident insurance on offer: Another benefit given to American Express card holders is travel accident insurance. 2023 Upgraded Points, LLC. 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. When youre covered: To be eligible for coverage, you have to travel on a common carrier, which Amex defines as any air, land or water vehicle (other than a personal or rental vehicle) that is licensed to carry passengers for hire and available to the public. One way to easily compare pricing and coverages is to utilize a travel insurance comparison site to narrow down the appropriate options for your situation. Terms and conditions apply. 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