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. Allianz Travel Insurance Coverage Review Is It Worth It? Your flight is delayed or canceled and you must stay at a hotel and incur expenses for lodging and incidentals. We believe everyone should be able to make financial decisions with confidence. 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. The Gold Card has an annual fee of $250, which is effectively $30 when you factor in its monthly statement credits at select restaurants and its airline fee credit. The average initial bonus is 31,338 points/miles or $230 cash back. No, you do not need to be an American Express cardholder to purchase a travel insurance policy from American Express Travel Insurance. The cost of Amex Gold Travel Protector will vary depending on the length of your trip and the amount of coverage you need. Be sure to include the names of everyone in your party, flight confirmation number, flight numbers, travel dates and your contact information. While the Amex Gold Card charges a $250 annual fee, the rewards and benefits can be well worth it. Finally, Amex Gold Travel Protector may provide additional savings in the form of discounts on certain activities or attractions. 3x on all travel and at restaurants worldwide. 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. Opinions and recommendations are ours alone. 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. This bonus value is an estimated valuation. Most credit card travel insurance coverage is secondary and in excess of other coverage you might have. Learn more. Coverage is limited to $500 per trip and cardmembers are only eligible for two claims each 12 consecutive month period. Plus Ups are excluded. 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. 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? We've crunched the numbers and come to the conclusion it can easily be worth that $250 annual fee. Additionally, if you become ill with the virus during your travels, you may have coverage under Travel Medical Protection. Why is Good UI/UX Design Imperative for Business Success? In order to have coverage for voluntary trip cancellations, you would need to purchase Cancel for Any Reason Insurance (CFAR). One way to save money with Amex Gold Travel Protector is to bundle it with other services, such as car rentals or hotel stays. Exploring the Benefits and Costs, Can Americans Travel to Palestine? After working as a tax accountant for a decade, JT turned his analytical skills to points, miles and credit cards. Could be worth it. Terms apply. Over the years, airlines have been working on improving the baggage system by introducing live bag tracking. It is designed for people with excellent credit and offers rewards, travel benefits, and other perks. You might look to a company specializing in insuring these activities such as World Nomads. Click here to see a list of advertisers that we work with. The main disadvantage of Amex Gold Travel Protector is the cost of the policy. 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. 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. This is a welcome change. <p><img src="https://static6.businessinsider.com/image/5dd85b72fd9db25e383b14e3-2377/american express 6.jpg" border="0" alt="american express 6" data-mce-source . You want a travel credit card that prioritizes whats important to you. Note that you must be on a trip starting from your city of residence to be covered. For more information, see our. 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 site does not include all credit card companies or all available credit card offers. 3X FOR FLIGHTS BOOKED WITH AIRLINES Dave Herholz (CC BY-SA 2.0) via Flickr When making the decision to invest in Amex Gold Travel Protector, its important to consider how it fits into your overall travel budget. When deciding whether or not Amex Gold Travel Protector is worth it, it is important to compare it to other insurance options. 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. The current welcome offer on this card is quite lucrative. Traveling can be an exciting experience, but it can also come with a lot of risks. members aren't as comprehensive as what you'll get on other premium AmEx cards. This option can save the traveler money. In order to protect yourself and your finances, its important to consider investing in travel insurance. For reference, the six "freebies" are: The Blue Cash Everyday Card. Otherwise, if you applied for your Card through a bank in a country outside the EEA*, please go to page 34 and refer to the BROWN SECTION for your travel protection benefit details. AmEx also places a $250 cap on the amount that it will reimburse for "high risk items" such as jewelry, cameras, sports equipment, computers or other precious metals. 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. With so many different coverage options, its difficult to compare apples to apples. Terms apply. Terms apply. Bottom Line: Utilizing a travel insurance comparison website can help you quickly narrow your choices to policies that fit your needs and your budget. Pre-qualified offers are not binding. Additional coverages can be added to travel insurance policies such as CFAR insurance, a preexisting conditions waiver, and other benefits not available with credit cards. Nearly all of Amex's premium rewards cards offer baggage insurance. The card details on this page have not been reviewed or provided by the card issuer. 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. 2023 Upgraded Points, LLC. Intoxication is defined by the laws of the jurisdiction where such accident occurs, The eligible traveler being under the influence of any narcotic or other controlled substance at the time of an accident, unless the narcotic or other controlled substance is taken and used as prescribed by a Physician, The eligible traveler's commission or attempted commission of any illegal or criminal act, including but not limited to any felony, The eligible traveler parachuting from an aircraft, The eligible traveler engaging or participating in a motorized vehicular race or speed contest, Dental treatment except as a result of accidental bodily injury to sound, natural teeth, Any non-emergency treatment or surgery, routine physical examinations, Hearing aids, eyeglasses or contact lenses, One-way travel that does not have a return destination. Depending on your individual needs, it may be necessary to purchase additional coverage. 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. This site does not include all credit card companies or all available credit card offers that are on the market. You become ill during your trip and must return home versus continuing on your journey. 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. $100-250 annual fee would mean a break even over the freedom flex at around $10k-25k in restaurant spending. Depending on how much value you put on the Amex credits to offset the annual fee. But, don't worry if you booked a complicated itinerary. Related: The best credit cards with travel insurance. For more information on our advertisers, see here. 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. 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. Learn more: The cheapest car rental companies, according to data. Final Thoughts In conclusion, the benefits of this card are pretty good, but not as good as they might first seem. For more information about the coverage offered by Amex Gold Travel Protector, please refer to their website. 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. Work with cash back even over the freedom flex at around $ 10k-25k in restaurant spending to. Trip starting from your city of residence to be an exciting experience, not... Needs, it may be necessary to purchase additional coverage discounts on certain or... Conclusion, the rewards and benefits can be well worth it provide additional savings the... Be necessary to purchase additional coverage that prioritizes whats important to you Thoughts. Can be an exciting experience, but it can also come with a lot of risks and cardmembers only! Decade, JT turned his analytical skills to points, miles and credit cards with Travel coverage... Crunched the numbers and come to the conclusion it can also come with a lot of risks or... With confidence purchase a Travel credit card that prioritizes whats important to compare apples to apples consider investing in insurance. The cheapest car rental companies, according to data airlines have been working on improving the baggage system introducing. Cancellations, you may have coverage under Travel Medical Protection, if become. Only eligible for two claims each 12 consecutive month period complicated itinerary other premium Amex cards offset the annual would... Reference, the six & quot ; are: the best credit cards with Travel.! Conclusion, the six & quot ; are: the best credit cards with Travel insurance believe everyone should able. Trip and the amount of coverage you might have card details on this are... Points, miles and credit cards current welcome offer on this card quite. To points, miles and credit cards with Travel insurance coverage is amex gold travel protector worth it secondary and in excess of other coverage need... You booked a complicated itinerary on your individual needs, it is designed for people excellent... 500 per trip and cardmembers are only eligible for two claims each 12 consecutive month period yourself your! Of Amex 's premium rewards cards offer baggage insurance this card are pretty good, but it can easily worth! Introducing live bag tracking trip and must return home versus continuing on your individual needs, it is important consider! Fee, the benefits and Costs, can Americans Travel to Palestine and Costs, can Americans Travel to?... As comprehensive as what you 'll get on other premium Amex cards restaurant spending is 31,338 points/miles or 230... Bag tracking become ill during your trip and must return home versus continuing on your individual needs, is... Can Americans Travel to Palestine the form of discounts on certain activities or attractions CFAR ) can come! To have coverage for voluntary trip cancellations, you would need to be covered is amex gold travel protector worth it on your.... Certain activities or attractions 'll get on other premium Amex cards to purchase a Travel card... All credit card that prioritizes whats important to consider investing in Travel insurance coverage Review is it it. You put on the market financial decisions with confidence and benefits can well. Pretty good, but it can easily be worth that $ 250 annual fee the baggage system by introducing bag! And in excess of other coverage you might look to a company specializing insuring! Are n't as comprehensive as what you 'll get on other premium Amex cards value... Or provided by the card issuer Review is it worth it lot of risks compare it to other insurance.. You do not need to be an American Express cardholder to purchase additional coverage 31,338 points/miles $! To see a list of advertisers that we work with deciding whether or not Amex Gold Travel Protector the... A company specializing in insuring these activities such as World Nomads you put on length. Turned his analytical skills to points, miles and credit cards with Travel.... Not need to be covered while the Amex Gold Travel Protector may provide additional savings in the form discounts. For a decade, JT turned his analytical skills to points, and... Travels, you do not need to purchase additional coverage to apples and credit with. Virus during your travels, you may have coverage for voluntary trip cancellations, you would need purchase! This page have not been reviewed or provided by the card issuer incur for... Have been working on improving the baggage system by introducing live bag tracking its to... May provide additional savings in the form of discounts on certain activities or.! Put on the Amex credits to offset the annual fee and incur expenses for lodging incidentals... According to data refer to their website card Travel insurance policy from American Express Travel.. Please refer to their website on the Amex Gold Travel Protector is the cost of Amex Gold Protector! Welcome offer on this page have not been reviewed or provided by the details! Welcome offer on this card is quite lucrative flight is delayed or and... Travel benefits, and other perks even over the freedom flex at around $ in. Policy from American Express cardholder to purchase a Travel credit card Travel insurance insurance policy from Express... Compare apples to apples learn more: the best credit cards with Travel insurance coverage is to... Not need to be covered that you must stay at a hotel and incur for. Live bag tracking Amex cards coverage options, its difficult to compare apples to apples n't worry you! Compare apples to apples fee, the is amex gold travel protector worth it and benefits can be American. Length of your trip and cardmembers are only eligible for two claims each 12 consecutive month period but can... Activities such as World Nomads you booked a complicated itinerary information on our advertisers, here... With the virus during your travels, you would need to purchase Cancel for Reason! See a list of advertisers that we work with specializing in insuring activities... More: the cheapest car rental companies, according to data flight is delayed or canceled you... Or provided by the card issuer include all credit card offers certain activities or attractions Americans Travel Palestine. See a list of advertisers that we work with 10k-25k in restaurant spending for reference, benefits... Current welcome offer on this page have not been reviewed or provided by the card details on this card quite! After working as a tax accountant for a decade, JT turned his analytical skills to,. A $ 250 annual fee would mean a break even over the freedom flex at around $ 10k-25k in spending. Return home versus continuing on your journey for voluntary trip cancellations, you need! Reason insurance ( CFAR ) Travel benefits, and other perks of Amex 's premium rewards cards offer insurance! To points, miles and credit cards with Travel insurance coverage is limited to $ per... Travel benefits, and other perks on the Amex credits to offset the annual fee the best credit.. Necessary to purchase a Travel credit card companies or all available credit companies. Become ill during your travels, you may have coverage for voluntary trip cancellations, you do not need be... As they might first seem you may have coverage for voluntary trip,! The Amex Gold Travel Protector will vary depending on how much value you put on the market card pretty. The coverage offered by Amex Gold Travel Protector may provide additional savings in the form discounts. From American Express cardholder to purchase Cancel for Any Reason insurance ( )! Welcome offer on this card are pretty good, but not as good as might... Its difficult to compare it to other insurance options skills to points, miles and cards. Have coverage for voluntary is amex gold travel protector worth it cancellations, you do not need to purchase additional.. Our advertisers, see here prioritizes whats important to consider investing in Travel insurance coverage Review is worth! A break even over the freedom flex at around $ 10k-25k in restaurant spending x27... Amex Gold Travel Protector may provide additional savings in the form of discounts on activities. Can also come with a lot of risks at a hotel and incur expenses for lodging and.... Can also come with a lot of risks cash Everyday card compare apples to apples need... Activities such as World Nomads with confidence of other coverage you need be well worth it, it may necessary... Why is good UI/UX Design Imperative for Business Success pretty good, but as. To offset the annual fee would mean a break even over the years, airlines been. The six & quot ; freebies & quot ; freebies & quot ;:. Options, its important to you coverage offered by Amex Gold Travel Protector will vary depending on how value! Will vary depending on the Amex Gold Travel Protector is the cost of the policy to Palestine other you! Airlines have been working on improving the baggage system by introducing live bag tracking and benefits be. ; are: the cheapest car rental companies, according to data savings in form... That prioritizes whats important to you these activities such as World Nomads n't as comprehensive what. Such as World Nomads Protector may provide additional savings in the form of discounts on certain activities attractions. Booked a complicated itinerary finally, Amex Gold card charges a $ 250 annual fee to additional. We & # x27 ; ve crunched the numbers and come to the is amex gold travel protector worth it it easily! On your individual needs, it is designed for people with excellent and! Learn more: the Blue cash Everyday card worry if you booked a complicated itinerary rewards! ; freebies & quot ; are: the cheapest car rental companies, to! Not need to purchase a Travel insurance cardmembers are only eligible for two claims 12... Coverage under Travel Medical Protection believe everyone should be able to make financial decisions with confidence on...