Charge your full fare to these credit cards to get free travel insurance coverage throughout your trip!
When you’re gearing up for that long-awaited holiday, the last thing you want to think about is getting travel insurance. Yet, should you happen to encounter a mishap or accident, having insurance protection will prove to be invaluable.
Luckily for us, some credit cards come with free travel insurance plan. All you have to do is to charge the full cost of your tickets or travel package to the card to qualify. It’s like getting free money in case something goes wrong during your trip (knock on wood).
We compared different credit cards in Singapore to find the ones with the best free travel insurance plans. But before we show you our recommendations, it helps to understand what your insurance coverage should include.
What Does Credit Card Travel Insurance Cover?
The travel insurance offered by your credit card covers 3 main areas. For each, you can claim up to a specified maximum amount.
Should you suffer an accident while overseas or in transit, your travel insurance may be able to pay you a pre-determined sum.
Usually, this amount is paid out in the event of death, or serious injuries with permanent effects, such as loss of use of limbs or sight. Less serious injuries (eg, loss of digits or hearing), may qualify for a portion of the maximum coverage.
Overseas Emergency Medical Assistance
Some travel insurance plans also include overseas emergency medical assistance coverage, which is useful for covering hospital bills and medical services incurred overseas.
Note that this claim can only be made in the event of accidental injury requiring medical treatment, emergency evacuation and/or repatriation. This means that you cannot make a claim should you need to visit the hospital because of illness or a pre-existing condition.
If you or an accompanying family member has a health issue that might require medical attention while overseas, you should get your own personal health insurance coverage.
Do not try to rely solely on your credit card travel insurance, as your claims will likely not be awarded.
Credit card travel insurance also covers you in the event of disruptions and inconveniences to your travel plans.
If you encounter a flight delay that causes you to miss your connecting flight, or if your luggage gets lost or delayed, you’ll have to spend extra money on accommodation and meals and buy replacement clothing, personal effects and other necessities.
Save your receipts if this should occur to help you make a claim – you could be reimbursed for part or all of the extra costs you incur.
Some travel insurance also covers you in the case of flight cancellations, or if medical conditions cause a delay in your travel plans.
Which Credit Cards Offer Free Travel Insurance in Singapore?
Credit Cards with Free Travel Insurance in Singapore
|Credit Card||Best For…||Key Credit Card Benefits||Travel Accident Coverage||Travel Inconvenience Coverage||
Emergency Medical Assistance Coverage
|HSBC Visa Infinite Credit Card||High Net Worth Travellers||Up to 2.5 air miles per S$1 spent||US$2 million for main cardholder
US$1 million per accompanying family member
US$30,000 per accompanying child
|Up to $10,000 (max S$4,000 per pax)
Up to $100,000 personal liability cover
|Up to S$100,000 for overseas medical treatment.
Up to S$250,000 for emergency evacuation and repatriation
|ANZ Travel Visa Signature Card||Trendy Jetsetters||Earn 1.4 miles for every S$1 spent in Singapore||Adult – up to S$1 million
Child – up to S$100,000
|Up to S$1,000||Up to S$25,000 (which includes TCM treatment up to S$750)|
|Citibank Rewards Visa Signature Card||Global Shoppers||Until 31 Dec 2016, earn 20X Rewards at Amazon
10X Rewards on shoes, bags and clothes at online or retail stores
|Principal or supplementary cardmembers: up to S$1 million
Accompanying dependent child(ren): up to S$50,000
|HSBC Premier MasterCard||Young Travelers||5% cash rebate on recurring mobile/cable TV/internet bill payments and local grocery stores||S$1 million per cardholder per accident||Trip involving one insured person – up to S$4,000
Trip involving insured person and family members – up to S$10,000
For High-Net-Worth Travellers: HSBC Visa Infinite Credit Card
Besides letting you earn up to 2.5 miles per S$1 dollar spent, the HSBC Visa Infinite Credit Card also offers the highest travel insurance coverage among Singapore credit cards.
For travel accidents, the principal cardholder is protected up to US$2 million, while family members and children are also covered – up to US$1 million and US$30,000 respectively.
For overseas medical treatment, the HSBC Visa Infinite Credit Card offers up to S$100,000 in coverage, plus a S$10,000 benefit for follow-up treatment in Singapore. Additionally, up to S$250,000 is claimable for emergency evacuation, compassionate visits and repatriation of mortal remains.
Travel inconveniences – including trip cancellation, travel delays and delay/loss of luggage – are covered by a maximum benefit of S$10,000. There is also a personal liability cover of S$100,000, a unique feature not seen in other credit card travel insurance plans.
The high claim limits and comprehensive coverage are no doubt attractive for high-income earners, which the HSBC Visa Infinite Credit Card is designed for.
For Trendy Jetsetters: ANZ Travel Visa Signature Card
The ANZ Travel Visa Signature Card not only gives you 1.4 miles per $1 spent in Singapore – the highest local spending air mile earn rate – it also comes equipped with a solid travel insurance scheme.
Adults are covered for up to S$1 million in the event of a travel accident, while children are covered for up to S$100,000.
For emergency medical treatment, up to S$25,000 is available. Other benefits include emergency medical evacuation (up to S$100,000) and repatriation of remains (up to S$10,000).
In the event of lost baggage and other travel inconveniences, up to S$1,000 is claimable.
With a minimum annual income requirement of S$60,000 for Singaporeans and PRs, the ANZ Travel Visa Signature card represents a good option if you’re a mid-range credit card user looking for high travel protection.
For Global Shoppers: Citi Rewards Visa Signature Card
If you think that only travel credit cards give high travel insurance coverage, think again. Certain rewards cards, like the Citi Rewards Visa Signature card, offers solid travel insurance coverage when you use it pay for your flight.
You’ll be covered for up to S$1 million for travel accidents, while up to S$40,000 is available to cover emergency medical and dental treatments. There’s also a S$100,000 benefit for emergency medical evacuation, while S$50,000 is available for repatriation of remains.
If you experience baggage loss or delays, flight delays, trip cancellations and interruptions requiring hospitalisation of at least 5 days, you can claim up to S$1,000 per person.
So if a rewards card is more your style, note that the Citi Rewards Visa Signature card gives you 10X points per S$1 spent on shoes, bags, and clothes online and at department stores. Singaporeans and PRs only need a minimum annual income of S$30,000 to qualify for this card.
For Young Travelers: HSBC Premier Mastercard Credit Card
Another credit card with a good travel insurance plan is the entry-level HSBC Premier Mastercard Credit Card, a cashback card that gives you up to 5% rebates on recurring bills.
The card offers high coverage of S$1 million for travel accidents, and up to S$10,000 can be claimed in the event of trip cancellations, luggage delays or losses.
For a card with a minimum annual income requirement of S$30,000, the HSBC Premier Mastercard card offers the highest travel accident coverage in its class. (The only other entry-level credit cards with such high coverage for travel accidents are the DBS Altitude Visa and American Express cards.)
Another thing to love about the HSBC Premier Mastercard Credit Card: it offers up to S$10,000 for travel inconveniences – the highest claim limit among all credit cards, and on par with the elite HSBC Visa Infinite credit card.
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By Alevin Chan
A Certified Financial Planner with a curiosity about what makes people tick, Alevin’s mission is to help readers understand the psychology of money. He’s also on an ongoing quest to optimise happiness and enjoyment in his life.