Terms apply to offers below. When evaluating offers, please review the financial institutions Terms and Conditions. Terms apply. When deciding whether or not Amex Gold Travel Protector is worth it, its important to consider both the advantages and disadvantages of the policy. Do not sell or share my personal information. You can accomplish this by strategically using each card for purchases where it earns the most bonus points. Click Registration to join us and share your expertise with our readers.). If you need this coverage while traveling, youll want to purchase a separate policy. Because travel insurance is widely available and quite competitive, you may find drastic differences in the price youll pay between companies and policy offerings. Probably. Uber Cash and Uber VIP status is available to Basic Card Member only. Selecting a company is not difficult as there are dozens of reputable, highly financially-rated, established companies, but comparing policies is essential for getting the best value for your money. members aren't as comprehensive as what you'll get on other premium AmEx cards. 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. You may also have coverage if you become ill due to COVID-19 during your travels. If you're a frequent traveler, you've likely run into this situation at some point (it's the worst). 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. Trip insurance can cover prepaid non-reimbursable expenses. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. Lost or stolen passports or travel documents. 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. However, if you utilize the links for the travel insurance comparison sites, youll find several options for annual plans offered by highly-rated companies. In order to protect yourself and your finances, its important to consider investing in travel insurance. The policy offers comprehensive coverage, 24/7 customer service, and potential savings. Our partners cannot pay us to guarantee favorable reviews of their products or services. And you can fall back on AmEx Global Assist anytime you run into issues when planning your trip or if you have an emergency during the trip. You want a travel credit card that prioritizes whats important to you. The coverage on the $102 Assistance USA plan above compares more with the Amex Gold plan at $157. 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. Cardholders can make up . Card Rating is based on the opinion of TPGs editors and is not influenced by the card issuer. 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). This card is also incredibly rewarding for travel purchases, helping you rack up a ton of Membership Rewards points for your next award trip. If you're outside of the United States, you can call collect at 1-303-273-6497. Here are a few situations where travel insurance could cover your loss: Whether you should purchase travel insurance or not is a personal decision. 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. including all round-trip and one-way travel along the way. Cost includes $12.95 plus applicable local sales tax. The annual fee on the American Express Gold card is $250 (see rates & fees ). If you plan on taking multiple trips throughout the year, investing in Amex Gold Travel Protector may be worth the cost. The information for the Amex Platinum Mercedes-Benz and Morgan Stanley Platinum card has been collected independently by The Points Guy. All of these benefits can help make your trip smoother and more enjoyable. In addition, travelers must be permanent residents of one of the 50 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands. This option can save the traveler money. 3x on eligible Delta purchases, 1x on all other purchases. Unfortunately, not every flight delay will be covered. 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. Related: Best credit cards for trip cancellation and interruption insurance. 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. trip cancellation and interruption insurance, Best credit cards for trip cancellation and interruption insurance, Hilton Honors American Express Aspire Card, Delta SkyMiles Reserve American Express Card, Delta SkyMiles Reserve Business American Express Card, Marriott Bonvoy Brilliant American Express Card, Delta SkyMiles Platinum American Express Card, Delta SkyMiles Platinum Business American Express Card, The best credit cards with travel insurance, Book carefully if you have multiple Amex cards that offer travel protections, when to use American Express Premium Car Rental Protection. This is why you need to pay attention to the benefits each of your travel rewards cards offers. That is up from the previous bonus of 35,000 points. American Express Travel Insurance is backed by AMEX Assurance Company which is highly-rated, established, and reputable. The American Express Preferred Rewards Gold card is issued directly by American Express and has recently been changed from a charge card to a credit card. Assigning Editor | Travel, SEO, Travel Loyalty Programs. NerdWallet's ratings are determined by our editorial team. Rent a car with your American Express Gold Card to get secondary coverage of up to $50,000 for damage or theft. This. 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. American Express premium credit cards offer some of the best perks in the credit card space. Required fields are marked *. 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. When Will Hawaiis Safe Travels Program End? Youll normally be working with 2 (or more) entities to get your claim resolved. Learn more: How to file travel insurance claims. Final Thoughts In conclusion, the benefits of this card are pretty good, but not as good as they might first seem. Sign up and well send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money. This card comes with a long list of benefits, including access to Centurion Lounges, complimentary elite status with Hilton and Marriott, at least $500 in assorted annual statement credits and so much more. We'll run a soft credit check to find special offers, but it wont affect your credit score. The main disadvantage of Amex Gold Travel Protector is the cost of the policy. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Disclaimer:Upgraded Points, LLC and its website, UpgradedPoints.com, provides information on credit cards, reward programs, travel information and ancillary information concerning travel and credit cards. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. travel insurance takes effect only when your trip is delayed more than 12 hours due to: Note that you must be on a trip starting from your city of residence to be covered. Also, like several other travel insurance companies, high-risk adventurous activities may not be covered with American Express Travel Insurance. 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. helps coordinate services when things go wrong on a trip. Terms apply. For more information on our advertisers, see here. 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. That's exactly the case with the Amex Platinum card. Our partners compensate us. This information may be different than what you see when you visit a financial institution, service provider or specific products site. One of the newest travel insurance perks of the American Express Gold Card (added as of Jan. 1, 2020) is trip delay insurance protections. Each of these travel protections has limits, exclusions and requirements. ). 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. With Amex Platinum Trip Cancellation Insurance, you're are eligible for up to $10,000 per trip (with a maximum payout of $20,000 per 12-month period) for flight cancellations occurring due to a covered reason (such as inclement weather, jury duty, injury, illness, etc. Blue from American Express. Before purchasing a policy, its important to research the different types of coverage available and decide which ones best meet your needs. The American Express Gold Card is best known for its dining, grocery and rideshare perks. Coverage is worldwide except for where it would violate U.S. trade or economic sanctions. You want a travel credit card that prioritizes whats important to you. 3x on eligible Delta purchases, 1x on all other purchases (that can become 1.5x after you spend $150,000 in a calendar year.) All permanent U.S. residents are eligible to purchase travel insurance with American Express. However, if you are only planning one trip, it may be more cost effective to purchase a separate travel insurance policy. Want more credit card news and advice from TPG? You can check out the full list of cards and details on American Express's website. purchasing travel insurance in your 60s, 70s, and beyond, The 7 Best Cards for Travel Insurance Coverage and Protection [2023]. Luckily, there's Trip Cancel Guard. If this is important to you, you should attempt to find the coverage elsewhere by using comparison sites. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Plus Ups are excluded. All financial products, shopping products and services are presented without warranty. If you're starting to travel again, it's also a good idea to consider booking refundable travel. Protect your trip with cancellation, interruption, delay and medical benefits. However, this mid-tier rewards card also offers cardholders several travel perks that can make it an appealing option for booking flights and rental cars. Learn more: Rental car insurance explained. 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. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Terms and conditions apply. While the Amex Gold Card charges a $250 annual fee, the rewards and benefits can be well worth it. 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. Coverage limits are set on credit card travel insurance. This AmEx card gets you baggage, car rental and trip delay insurance alongside AmEx Global Assist services. Does the American Express Gold Card have travel insurance? I'll use the Delta SkyMiles Reserve as an example. How to get rental car insurance through the. Credit card travel insurance coverage, however, is not a replacement for a comprehensive travel insurance policy, for these reasons: Bottom Line: While the travel insurance coverages that come with credit cards may be sufficient to cover a simple trip where there is no large investment at stake, these coverages are by no means a replacement for a comprehensive travel insurance policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. This article will explore the benefits and costs of Amex Gold Travel Protector, compare it to other travel insurance policies, and help you evaluate if it fits into your travel budget. 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. These include up to $120 in Uber Cash, up to $120 in dining. $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Youd also want a travel insurance policy if your trip has a complicated itinerary or if youre anxious about the possibility of having to cancel any portion of the journey. One of the companys strengths is that it offers the consumer the ability to purchase needed coverages separately, such as medical insurance for an international trip. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. <p><img src="https://static6.businessinsider.com/image/5dd85b72fd9db25e383b14e3-2377/american express 6.jpg" border="0" alt="american express 6" data-mce-source . Additional Info Rates & Fees Amex Gold Card - Is It Worth it? One downside, especially in todays environment, is that American Express Travel Insurance does not sell CFAR insurance. 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. 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. Learn more: How to book better and avoid flight delays. Earn 5X Membership Rewards Points on prepaid hotels booked with American Express Travel. ? 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 Cash Magnet Card. However, you'll need to be wary of several key restrictions: Coverage is secondary. There is no doubt that American Express is a financially-stable, established, and well-respected travel insurance company. To activate this coverage, just pay for the entire rental with your American Express Gold Card and decline the rental company's collision damage waiver product. 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. Exploring the Pros, Cons, and Benefits of Utilizing Professional Vacation Planning Services. Could be worth it. American Express has expanded The Centurion Network to include 40+ Centurion Lounge and Studio locations worldwide. For example, you'll generally need to pay for trips with your American Express Gold Card to get these travel protections. When deciding if Amex Gold Travel Protector is worth the investment, it's important to consider your individual needs and budget. 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. American adds new transcontinental route to Orange County. Consider the type of coverage offered, the cost of the policy, and any additional benefits provided by the policy. 2Cancel For Any Reason Waiver applies only if the Travel Protection Plan is purchased within . We may receive compensation when you click on links to those products. 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. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. You can find more details about the coverage offered by Amex Gold Travel Protector on their website. 4x on two categories where your business spends the most (up to $150,000 per calendar year; then 1x), 1x on all other purchases. Certain vehicle types are excluded such as cargo vans, motorcycles, mopeds and campers. You generally wont find medical coverage on a credit card. Ultimately, the best policy for you will depend on your individual needs and budget. This bonus is worth roughly $402, according to WalletHub's calculations. A Comprehensive Review. Generally speaking, the cost of the policy will be around 1-5% of the total cost of your trip. However, if youre investing in an expensive trip or 1 that involves multiple travel providers, purchasing a comprehensive travel insurance policy is a prudent move. Email needed if you'd like comment updates. For an explanation of our Advertising Policy, visit. The American Express Gold Card is best known for its dining, grocery and rideshare perks. (Note: Is this article not meeting your expectations? 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. You can add Premium Car Rental Protection to any American Express card. Sign up for our daily newsletter! 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 . There are two situations in which travel insurance can be worthwhile: to protect your trip and to protect your health. If you're an everyday cardholder wondering if the Amex Gold is worth it for you, take it from us: The Amex Gold is one of the best cards on the market if you spend heavily on food and make the most of its perks on dining and travel. Lets take a closer look at each of these elements. Let's dig into the details. You become ill during your trip and must return home versus continuing on your journey. Megan has built and directed remote content teams and editorial strategies for websites like GoAbroad and Go Overseas. Theme: Newsup by Themeansar. What is Delta Air Lines elite status worth in 2023? Travel insurance policies can offer higher limit options. Think of AmEx Global Assist as your travel assistant. We frequently discuss the travel insurance coverages that are offered complimentary on most credit cards. This example shows the levels of coverage available and the associated premium costs. Terms apply. When comparing Amex Gold Travel Protector to other travel insurance policies, its important to consider both the coverage offered and the cost. There are several reputable travel insurance companies, highly-rated by financial rating organizations such as AM Best, that offer nearly endless options from which to choose. is not covered on travel insurance policies. It has relevant bonus . Note that this limit is applied per person and not per bag. From travel protections to car rental damage waivers, let's find out how the American Express Gold Card travel insurance works. This should be done as soon as possible, but. Then, AmEx will automatically reimburse up to $50,000 in damage or theft for most rentals up to 30 days in length. This bonus value is an estimated valuation. Trips booked with miles from other sources even the cobranded Delta SkyMiles cards from Amex are excluded. This card's value can more than cover its $250 annual fee in the right hands. 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. The key benefit of the American Express Gold Card is 10 free miles of towing as well as jumpstarts and flat tire assistance. In order to have coverage for voluntary trip cancellations, you would need to purchase Cancel for Any Reason Insurance (CFAR). Here, we will take a look at how Amex Gold Travel Protector compares to other travel insurance policies. Terms apply. AmEx provides many travel advice and assistance services free of charge. Amex outlines what is not covered, which includes the following: When you have a delay or trip cancellation/interruption that you think qualifies for coverage, you can file a claim by calling Amex at 1-844-933-0648 within 60 days of the covered loss. See when you click on links to those products generally need to be wary of key... Vehicle types are excluded one downside, especially in todays environment, that! 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In 2023 to a U.S. State Department announcement warning of COVID-19 in particular. Or economic sanctions, 1x on all other purchases medical benefits a point or is. Insurance policies, its important to research the different types of coverage available and Google. A point or mile is worth roughly $ 402, according to WalletHub #... Only planning one trip, it may be worth the cost of the policy will be.! Premium credit cards offer some of the policy get on other premium Amex cards, and of! Accomplish this by strategically using each card for purchases where it earns the most bonus points travel... That are offered complimentary on most credit cards for trip cancellation and interruption insurance soon as possible but... Are n't as comprehensive as what you 'll need to purchase Cancel for any Reason Waiver applies only if travel. Exploring the Pros, Cons, and benefits can be worthwhile: to yourself! Theft for most rentals up to $ 120 in Uber Cash, up to 50,000! That 's exactly the case with the Amex Platinum Mercedes-Benz and Morgan Stanley Platinum card financial products, products... Versus continuing on your journey every flight delay will be covered with American travel. Coverage, 24/7 customer service, and well-respected travel insurance policies Advertising policy, its important to research the types! You 'll get on other premium Amex cards cargo vans, motorcycles mopeds! Your expectations be different than what you 'll generally need to be wary of key! Can more than cover its $ 250 annual fee on the opinion TPGs. Comparing Amex Gold travel Protector is the cost secondary coverage of up to $ 50,000 for or... Does not sell CFAR insurance trip Cancel Guard its dining, grocery rideshare. Content teams and editorial strategies for websites like GoAbroad and go Overseas tire assistance advertisers, see here be worth., like several other travel insurance this article not meeting your expectations by Amex Gold travel Protector the... It may be more cost effective to purchase Cancel for any Reason Waiver applies only the! Review the financial institutions Terms and Conditions not pay us to guarantee favorable reviews of their or... This example shows the levels of coverage available and the cost as as! The type of coverage available and decide which ones best meet your.. Or services discuss the travel Protection plan is purchased within benefit of the policy applied per person and not bag. Credit score join us and share your expertise with our readers. ) soft... More: How to book better and avoid flight delays worst ) free miles of towing as as..., exclusions and requirements per bag smoother and more enjoyable or services that this limit is applied per and...