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Is PC Financial travel Insurance good? Review 2024

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Traveling without travel insurance can have severe financial consequences. Did you know that one night's hospital stay in the U.S. can be over $14,000 CAD? In some countries, you may even be denied medical assistance if you cannot prepay for treatment.

Travel insurance is an absolute necessity when you're away from home, providing coverage for healthcare expenses and ensuring you can access medical services when needed. It also offers assistance for flight disruptions, lost baggage, and other related issues.

One popular provider worth considering is the PC Financial Travel Insurance (from President's Choice). So we've done a comprehensive review outlining the coverage, costs, and the pros and cons of their service.

Additionally, you can also use our comparator to explore the best travel insurances in Canada and get quotes in seconds.

President's Choice Financial Travel Insurance: 5 Key takeaways

  • PC Financial Travel Insurance protects against unexpected medical expenses and other issues like delays and cancelations.
  • It offers comprehensive coverage, including trip cancellation, interruption, emergency medical, and baggage loss/delay.
  • It is important to review the policy's terms and conditions to understand coverage limitations and exclusions.
  • The policy offers flexibility and customisation, allowing travellers to tailor their coverage.
  • It is advisable to compare other travel insurances using our comparator, considering factors like coverage, cost, and reviews.

Our 2024 review of PC Financial travel insurance

President's Choice has joined hands with Manulife Travel Insurance to provide Canadians with exceptional plans so they can travel and enjoy their business trips or vacations stress-free.

PC primarily offers 4 travel insurance options: Complete package, Package without medical care, Global medical care, and Unequaled Protection Insurance.

Before we dive into the coverage of each option, here's a quick look at the pros and cons of this insurance overall.

Pros of PC Financial Travel Insurance

  • Diverse insurance options
  • Partnership with Manulife
  • Insurance for seniors
  • No-fee master cards with travel insurance
  • Quarantine expenses covered in case of COVID

Cons of PC Financial Travel Insurance

  • Pre-existing medical condition exclusions
  • Limited pricing information on website

You can also compare PC Financial Travel Insurance with other providers in Canada like Allianz Travel Insurance using our comparator below and also get quick quotes based on your unique needs.

Compare the best travel insurance plans on the market!

How is the PC Financial Travel Insurance Coverage?

PC Financial travel insurance offers a wide range of coverage from trip cancellation and medical emergency to flight delays and lost baggage and more to ensure you have the most stress-free travel. However the coverages vary based on the option you choose.

What does PC Financial Travel Insurance cover?

Your PC financial travel insurance may cover medical insurance alone or a combination of travel medical and trip protection, although the specific policy details, including coverage duration and limits, vary across different plans offered.

Generally, the PC Financial Travel covers a few or all of the following based on your plans:

  • Trip cancellation and interruption coverage: Reimburses non-refundable expenses if a trip needs to be canceled or cut short due to covered reasons like illness, injury, or severe weather.
  • Travel medical insurance: This provides coverage for medical expenses incurred while traveling, including emergency medical treatment, hospital stays, and sometimes even medical evacuation back to your home country.
  • Lost or delayed baggage coverage: In the unfortunate event of lost, stolen, or delayed baggage, this coverage will provide reimbursement for the replacement of essential items.
  • Trip delay coverage: If your flight or other transportation is delayed (for a specific period of time), this coverage can reimburse you for expenses such as meals, accommodations, and transportation during the delay.
  • Travel accident insurance: Offers coverage for accidental death or dismemberment that occurs during travel on planes, trains, or buses.
  • Rental car insurance: Coverage for collision damage or theft of rental vehicles.
  • Covid Travel Insurance : Covers Covid-related medical emergencies, repatriation and booking cancellations.

Here is a table to give you a quick overview of the coverage provided under the PC Financial Travel Insurance:

What does PC Financial Travel Insurance not cover?

PC Financial Travel Insurance, like other insurance policies in the market, has certain exclusions and limitations.

These may include coverage exclusions for pre-existing medical conditions, high-risk activities such as extreme sports, and incidents related to intoxication or drug use. Any claims arising from incidents related to being under the influence of alcohol or drugs may not be covered by the policy.

Additionally, travel to restricted or high-risk destinations may impact coverage eligibility. It's important to thoroughly review the policy's terms and conditions to fully understand the coverage limitations and exclusions that may apply.

If there are any uncertainties or specific concerns, it is advisable to contact PC Financial directly for further clarification.

How much does PC Financial travel insurance cost?

The price of PC Financial travel insurance depends on the following factors:

  • Your desired coverage and respective policy
  • Your deductible
  • Your waiting period
  • Your destination(s)
  • The duration of your trip

You can compare coverages and prices of the best travel insurances in Canada using our comparator below and also get quick quotes based on your unique needs.

Is there a PC financial Mastercard travel insurance?

Yes, like other popular credit cards with travel insurance (to hyperlink later), President's Choice also offers this option. However, the extent of coverage and fee involved vary based on the type of credit card you choose.

PC has three primary credit cards. They are World Elite MasterCard MD , World MasterCard MD , and MasterCard MD .

PC Financial World Elite MasterCard travel insurance

PC World Elite MasterCard travel insurance provides up to $1,000,000 coverage for various emergency medical expenses during your travel including doctor charges, accidental dental care, return airfare, and more.

It also has car rental loss/damage and baggage coverage among others. It is important to read the offer documents of your card carefully.

To make insurance claims, it is highly important to ensure that your PC World Elite Mastercard account is in good standing at the time of the occurrence and the claim.

PC Financial World MasterCard travel insurance

The PC Financial World Mastercard does not offer any travel benefits, however, it does offer reward points for purchases made with respect to travel. It's best to check with your card provider to get accurate and up-to-date information.

PC Financial MasterCard travel insurance

The PC Financial MasterCard does not provide travel benefits by default. However, it might give you rewards and redeemable points that could prove beneficial for your trips and vacations. It would be best to get in touch with your provider for more information on this.

Good to know

In order to get these credit cards, you must satisfy certain eligibility criteria that also include a minimum yearly personal income or household income, apart from other credit approval criteria. Also, it's important that your travel purchases are made on your specific credit card to be eligible for claims after.

How do I contact PC travel insurance?

You can get in touch with the PC Financial travel insurance phone number: 1-844-862-8466 or 1-866-246-7262 . They are both toll-free numbers. You may have to wait a few seconds to minutes in queue when the lines are facing an unexpectedly high volume of enquiries.

The numbers are available only between 9:00 am and 5:00 pm (ET) from Monday to Friday. Weekends are closed for in-phone enquiries.

You could also fill up and submit a form on their website that is available under the contact us category and an agent will get in touch with you shortly after.

If you're an insurance holder, however, in the event of an emergency, however, you can call the toll free at 1-855-856-7569.

How do I file a claim for PC financial travel insurance?

To file a claim, you can get in touch with your provider directly on the phone and a customer service agent will guide you through the process.

You could also login on the PC Financial website to fill the claim form. It is extremely important to make sure you have all the supporting documents like invoices for purchases, bills, etc, at the time of claims process.

How do I cancel my PC financial travel insurance?

If you are looking for information and instructions to cancel PC Financial travel insurance at any time, please call 1-866-246-7262 to speak with a representative.

But canceling your travel insurance might mean putting yourself at the risk of financial stress should you be faced with unforeseen medical and other related issues during your travel. So, it's strongly recommended that you opt for a travel insurance that best suits your needs.

Now that you have a good idea about PC Financial Travel Insurance, you can compare it with the best travel insurances in Canada using our comparator below and also get quick quotes .

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Nishadh Mohammed, an experienced news editor and writer, has been a member of the HelloSafe team since May 2023. With a robust nine-year background in journalism and content creation, he has transitioned from impactful roles at major Indian newspapers to steering the course of online content as the managing editor of The Daily Net. Possessing a proficiency in crafting content for diverse audiences, Nishadh also brings a deep understanding of data analytics tools such as SQL, Tableau, and Knime. His commitment goes beyond crafting engaging financial content for HelloSafe; he navigates the ever-changing SEO landscape, leveraging data-driven insights to make informed decisions. When he's not wrestling with SEO algorithms, Nishadh indulges in reading and passionately explores narratives on human rights, intersectionality, race, caste, and LGBTQIA+ issues.

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Does PC MasterCard have trip cancellation insurance?

Does PC MasterCard have trip cancellation insurance

  • Written by Mohamed Konate
  • Published: January 16, 2024

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Does PC MasterCard have trip cancellation insurance? 

Does PC MasterCard have trip cancellation insurance – PC Financial offers travel emergency insurance but do not offer trip cancellation insurance.

Please review the certificate of insurance for details.

Our experts have compiled a list of the  best cards in Canada in each major category , from cash back and low rate to balance transfers and more. Explore our top picks and find the best credit card for you.

Best Credit Cards in Canad a

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Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook. Read his full author bio

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does pc mastercard have travel insurance

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PC Financial World Elite Mastercard

does pc mastercard have travel insurance

Signup bonus:

Annual fee:, earning rate:.

The PC Financial World Elite Mastercard is a fine choice for people who frequently shop at Loblaw’s brands, but otherwise has limited appeal.

Bonuses & Fees

The card currently has a welcome bonus of 20,000 PC Optimum points upon making their first purchase at a store that participates in the PC Optimum program.

Occasionally, new applicants can earn a welcome bonus of 100,000 PC Optimum points upon making their first purchase at a store that participates in the PC Optimum program. If you’re interested in the card, consider waiting for this offer to make an appearance before applying.

The card has no annual fee .

Earning Rewards

The card has category bonuses for shopping at specific stores:

  • All Optimum members earn an additional 15 points per dollar spent at Shoppers Drug Mart and Pharmaprix, regardless of which credit card is used to pay
  • Earn at least 30 Optimum points per litre at Esso and Mobil gas stations
  • Earn 30 Optimum points per dollar spent at PC Travel
  • Earn 10 Optimum points per dollar spent on all other purchases

While these rates cover a wide range of categories, they only apply at these particular merchants. So while the card may appear to have strong earning rates, it only benefits cardholders who already shop at those stores, or are willing to change their shopping habits.

Redeeming Rewards

PC Optimum points have a value of 0.1 cents per point , with occasional 50% bonus redemption events. Points can be redeemed at PC Optimum’s partner grocery stores and drugstores.

Perks & Benefits

The PC Financial World Elite Mastercard has no meaningful perks or benefits to speak of.

Insurance Coverage

The card has a modest insurance package, including emergency medical insurance for trips up to 10 days, and standard extended warranty and purchase protection .

It also includes rental car collision insurance for cars up to an MSRP of $65,000.

However, it doesn’t offer the specific provisions that are important to travellers, and the coverage it does provide can also be found on many other cards.

As a World Elite product, this credit card has a minimum annual income requirement of $80,000 (individual) or $150,000 (household). Follow the below link to the PC Financial website to learn more about this card and submit an application.

does pc mastercard have travel insurance

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To learn about the benefits available with your credit or debit Mastercard, contact your issuing financial institution

The overview below outlines the most common benefits. This information is intended only as a reference for the types of shopping, travel and convenience-related benefits that may be available with your Mastercard.

Please Note: Benefits described below vary by card type and by issuing financial institution. * Refer to your issuing financial institution for complete benefit coverage terms and conditions.

†These are summary descriptions only. Additional terms, conditions and exclusions apply. Contact your issuing financial institution for complete coverage terms and conditions. To file a Price Protection or Extended Warranty claim online, please go to www.mycardbenefits.com . ↩

*Selection of benefits on your card varies by card type and by card issuer. Please refer to your issuing financial institution for complete coverage terms and conditions. If there is any difference between the descriptive language regarding insurance benefits described above and the actual applicable master policy issued by the insurance carrier, the terms and conditions of the policy shall govern. Your card issuer can cancel insurance benefits at any time and must notify you at least sixty (60) days in advance. Coverage will still apply for any benefits you were eligible for prior to the date of such terminations, cancellation or nonrenewal, subject to the terms and conditions of coverage. ↩

1. Certain terms, conditions and exclusions apply. For more information, please refer to your benefits guide or contact your issuing financial institution. ↩

2. Certain terms, conditions and exclusions apply. For full details, please visit: http://www.boingo.com/legal/end-user-license-agreement-boingo-customer-agreement . ↩

3. Offer expires 09/30/2024. New customers who pay for their first annual McAfee Total Protection for Mastercard subscription using an eligible Canada-issued Mastercard credit card will receive a special introductory price on a 13-month subscription term. Customers will also receive 13 months of McAfee TechMate at no additional cost. Limit one offer per cardholder. Unless you cancel your initial 13-month subscription at least 30 days before it expires, you will be charged the renewal subscription price in effect at the time of your renewal, and it will renew automatically for a 12-month term. You can cancel at any time or change your auto-renewal settings by accessing your My Account page . Pricing is subject to change. Mastercard reserves the right to modify or cancel this offer at any time without notice. You may request a refund by contacting McAfee customer support within 30 days of initial purchase or within 60 days of automatic renewal. Neither Mastercard nor any participating financial institution card issuer has any involvement in or responsibility for McAfee’s products or services and are not responsible for any claims or damages arising from the use of the McAfee products and services. Additional terms and conditions apply. Not all features may be available on all devices. For full terms and conditions, visit https://www.mcafee.com/mastercard-en-ca . ↩

4. Certain terms, conditions and exclusions apply.

New User Offer: Get CAD $20 in Ritual voucher credits when you sign up for Ritual using promotional code “MC2020” and use an eligible Mastercard as a form of payment on your Ritual account (the “Offer”). Eligible new users must access the Offer by entering the promotional code “MC2020” during sign-up. Offer is available only to new eligible Ritual signups in Canada. The new user voucher credits will expire if not used within 30 days of signing up on Ritual. New users must add and pay with a consumer World or World Elite Mastercard credit card issued in Canada upon sign-up (“Eligible Mastercard”). CAD $20 in new user voucher credits are issued as four staged CAD $5 vouchers. All vouchers must be applied on a minimum pre-tax order value of CAD $10. Eligible new users will receive: (1) a CAD $5 voucher credit upon sign-up, which will be automatically applied when placing their first order; (2) a CAD $5 voucher credit after using their first voucher, which will be automatically applied to their second order; (3) a CAD $5 voucher credit after using their second voucher, which will be automatically applied to their third order, and (4) a CAD $5 voucher credit after using their third voucher, which will be automatically applied to the next order. For any order, if the value of the voucher credit exceeds the value of the order after taxes, the remaining value of the voucher credit will be lost. Voucher credits are redeemable at select participating restaurants, once per restaurant. See in-app for a complete list of participating restaurants. This Offer cannot be combined with any other offers, or with promotional or referral sign-up credits. Promotion subject to change. Additional terms and conditions may apply.

For full details, please visit: www.ritual.co/mastercard .

All Users Offer: Earn 1,000 Ritual Reward points after you place your fifth hot beverage order in the same calendar month using your eligible Mastercard as payment. Ritual Rewards points will not be issued to users who do not use a consumer World or World Elite Mastercard credit card issued in Canada as the form of payment (“Eligible Mastercard”). Orders that are paid for using voucher credits will not be applicable to the count of hot beverages orders. Hot beverages are defined as coffee or tea menu items available for purchase at all restaurants within the Ritual merchant network in Canada. Cannot be combined with any other offers, or with promotional or referral sign-up credits. Promotion subject to change. Additional terms and conditions may apply. For full details, please visit: www.ritual.co/mastercard .

All Users Offer: Eligible users will receive 1.5x the Ritual Reward points on every order when using a consumer World or World Elite Mastercard credit card issued in Canada (“Eligible Mastercard”) as the form of payment. Cannot be combined with any other offers, or with promotional or referral sign-up credits. Promotion subject to change. Additional terms and conditions may apply. For full details, please visit: www.ritual.co/mastercard. ↩

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Topping up travel insurance offered by credit card

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Here’s a start. https://assets.ctfassets.net/xqp30uh3quox/5bjnPXwVaaD7dwD792v0TY/917c718b945ffc1051abcccbaf5598c4/pcf_worldelite_coi_en.pdf i believe the answers are: 1. Yes, automatic, subject to conditions such as pre-existing conditions 2. that’s up to you. You may consider the coverage from PC MC isn’t enough. It doesn’t need to be one or the other. What I’m not clear about is how these credit card medical coverages work if you are driving out of country. You don’t have any airline tickets to prove entry/exit dates….how would you prove when you left rhe country? I assume you would need to prove it.  

jlunfirst

But already that's not good, if they aren't even internally coordinated to answer public's basic answer.  

Did you try this number: 1-866-892-8683  

Beaver101

This thread opened is just in a nick of time. Not trying to break your estatic balloon in getting covered/iinsured even with the top up ... try getting your claim paid or deemed approved is a nightmare. Just read yesterday from G&M(?) that a gentleman broke his back from sleep-walking off his hotel's balcony (weird or what?) whilst vacationing down south (somewhere). Boy did he get his money's worth ... of hassles. He was so closed to being a paralyzed from the waist down before he got approval for the emergency surgery from his "out of country cc covered insurer" some days later ... after calling like not hanging up at all. The insurer's 1800 # wasn't being picked up ... the usual "normal than higher volulme BS" so be prepared to wait ... hours ... if not days ... if not never. Holy jesus. Only if you're interested, I'll look for the link and p ost o/w it's not all that uncommon or unheard of ... these days. You pay and you take your chances.  

From past experience, what matters is the terms of the insurance contract in effect when you enter into the contract. Suggest you download and read carefully to assess you are covered for the specific risks you are concerned about. Or post a link to it here and we can chime in. What the website or an agent say are at best only useful if you keep records and go to court months after the fact. In other words, if you have a claim someone will read the Terms in the Contract and pay based on that. Or not.  

Tostig said: The benefits detail from the PC Financial website says includes "airfare". So I think it that means trip interruption. Click to expand...

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  • pcf_worldelite_coi_en.pdf 537.2 KB Views: 59

I just found out that TD’s US dollar Visa offers some trip interruption coverage. Up to $5,000 of coverage per insured person, to a maximum of $25,000 for all insured persons on the same trip. To be eligible for this insurance, you must pay at least 75% of the entire cost of your trip, including taxes and fees of the Common Carrier fare, and any hotel or similar accommodations with your TD Credit Card.  

  • you must be under age 65
  • you must be permanent residents of Canada with active provincial health insurance
  • pre-existing conditions are excluded
  • only the first 10 consecutive days of a trip are covered

AltaRed

James has provided a pretty good synopsis of how these plans work (as I understand it as well). Medical vs Trip Interruption & Cancellation are two very different things. Be sure to understand the difference and the one (or both) that you require. Be sure to fully understand the limited coverage of credit card plans and recognize it cannot be all that good considering how expensive such insurance coverages actually are. On a personal basis, I have ex-country health/medical coverage as a part of my annuitant heath benefit plans via Global Allianz which is ultimately the largest provider of this type of insurance. It is the same ex-country insurance active employees of the corporation have when they are traveling on company business. The part I have to cover on my own is Trip Interruption and Cancellation if I choose to do so. I bought this coverage back in 2015 when we were going for a Peru trip and I still had a very elderly parent alive. As it turned out, she died 5 days before we were to leave.We obviously had to cancel the trip. It took a lot of work but we were compensated for our non-refundable sunk costs because of that situation. We no longer buy TI&C because now that we are in our mid-70s, we have become higher risk of not being able to travel when scheduled and premiums have increased to about 10% of the value of the trip. We now self-insure on the premise that failure to follow through on 1 of 10 trips will pay for itself (like windshield coverage). We didn't buy TI&C for our recent trip to Costa Rica and we have not done so for our upcoming trip to Maui. Somewhere along the line, we may get caught exposed but we will take our chances.  

AltaRed said: We no longer buy TI&C because now that we are in our mid-70s, we have become higher risk of not being able to travel when scheduled and premiums have increased to about 10% of the value of the trip. We now self-insure on the premise that failure to follow through on 1 of 10 trips will pay for itself (like windshield coverage). We didn't buy TI&C for our recent trip to Costa Rica and we have not done so for our upcoming trip to Maui. Somewhere along the line, we may get caught exposed but we will take our chances. Click to expand...

We also look for opportunities for refundable bookings, or relatively short lock-ins. Easy to do with airfare but more difficult with bookings in resort places, and even less easily with 'vacation packages'. Our Costa Rica package was not refundable at all about 30 days out from commencement. It is a calculated risk we take.  

For packages, most tour operators sell a cancellation insurance that is not age-dependent. Runs usually $50 pp for the cheap coverage (gives you future vacation credit rather than your money back) or $100 pp for the better coverage (cancel for any reason, full refund, up to 24 hours before travel).  

Lots of good advice given here. I will check the other thread again and call PC Financial about the possibility of topping up the insurance for an extra two days and trip cancellation and interruption.  

Well my call to PC Financial's insurance administrator at the number on post #4, didn't get any results. No top ups are available. So I called CAA and got a quote for 2 extra days and for trip cancelation and interruption. It's over $500 for a $7000 trip for two people. Then my wife comes home and gets on the phone to talk to her pension administrator. It turns out we can register and pay an annual fee of something like $250 for the both of us to have trip cancellation and interruption as well as travel medical for all our trips. And for the trip we are booking, $35 per person. So, for us, problem solved.  

Thank you. I was remiss in not saying that actually. In the case of WestJet vacations (our Costa Rica trip) it only covers up to 3? 5? days before travel, so there is a short window of real exposure. Anyways, your point is well taken.  

We had/have Capital One world elite Mastercard. When we called to make a cancellation claim the C1 CSR had no information other than contact their insurer at this 1 800 number. We did, and had good service/good experience. The claim paid for more than 10 years of card fees. Our experience is that the credit card CSR’s only seem to have a data sheet with very general talking points. Anything else…call their insurance carrier. No surprise.  

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4 times your credit card's travel insurance can help with summer travel woes, and 7 times it won't

Katie Genter

Travel is more unpredictable than ever this summer. I've been lucky that none of my summer trips so far have been incredibly affected by delays or cancellations. But, air travel is a total nightmare right now , and staffing is still an issue for many travel providers — so it's likely only a matter of time.

Other TPG staffers have recently experienced issues. For example, TPG's Sean Cudahy got caught in last week's travel mess , while TPG's Nick Ewen spent time in New Jersey instead of Greece due to weather-related delays.

If you've been reading TPG for a while, you may already know that some credit cards provide travel insurance when you use your card to book your flights (or pay the taxes and fees on award flights ). And you may even be using one of these cards to book your trips. But you may not know what is and isn't covered by these benefits when your travel doesn't go smoothly.

In this guide, I'll give a high-level overview of some scenarios where you can — and can't — expect your credit card's travel insurance benefits to assist.

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Credit card travel insurance

does pc mastercard have travel insurance

We've written entire articles about credit cards that provide travel insurance . So, I recommend checking out the following stories to learn more about the travel insurance provided by top travel rewards cards :

  • What your credit card's trip protection covers — and what it doesn't
  • Flight delayed? Remember these 4 things if you want trip delay reimbursement from your credit card
  • Flight delayed or canceled? Here are the best credit cards with trip delay reimbursement
  • When to buy travel insurance versus when to rely on credit card protections

But, the protections provided by each card are different. So I recommend reading — or at least skimming — your card's guide to benefits before your next trip to familiarize yourself with those specifics. You can call the number on the back of your card for a physical copy or link if needed.

Cards like the Capital One Venture X Rewards Credit Card , Chase Sapphire Preferred Card , Ink Business Preferred Credit Card and The Platinum Card® from American Express provide excellent travel protections. But, I believe the Chase Sapphire Reserve provides the best travel insurance overall.

In this guide, I'll discuss how the benefits offered to Chase Sapphire Reserve cardholders (see the Chase Sapphire Reserve guide to benefits here ) would help (or not) in several scenarios. If you generally pay for your travel with a different card, consider how the benefits on your card may differ.

Related: Travel is tricky right now — here are 7 mistakes to avoid on your next trip

4 times when your credit card's travel insurance can help

does pc mastercard have travel insurance

If your travel doesn't go smoothly this summer, benefits from your travel rewards credit card may offer reimbursement or other help. Here are four real-life scenarios where your credit card's travel insurance may come in handy.

Your flight is significantly delayed or canceled

First, the bad news: You'll need to work with your airline to get rebooked if your flight is canceled. And if your flight is significantly delayed, you'll need to either wait out the delay or work with your airline to get rebooked on a different flight.

But, the good news is that some cards offer trip delay reimbursement when you use your card to pay for your flight (or the taxes and fees on an award ticket). And this benefit can help as you wait for your delayed or rebooked flight.

For example, if you used the Chase Sapphire Reserve to book your original flight, Chase may reimburse you for "reasonable expenses incurred during the delay." In particular, you can get up to $500 per ticket when you're delayed for more than six hours or your delay forces you into an overnight stay. Chase says reasonable expenses include "meals, lodging, toiletries and medication."

But, you'll only be covered if you are delayed due to "equipment failure, inclement weather, strike [or] hijacking/skyjacking." So, if you're delayed due to the crew timing out during inclement weather, you'll be covered. But if the airline simply can't find any crew to operate your flight and doesn't provide you documentation stating the delay or cancellation is due to one of the aforementioned eligible reasons, you won't be covered.

Related: Chase paid for my $1,100-per-night hotel room thanks to built-in trip delay coverage

Your baggage is significantly delayed

does pc mastercard have travel insurance

Once again, let's discuss the bad news first: You must report your delayed baggage to the travel supplier. For example, if your checked baggage doesn't appear on the belt after your flight, you'll need to go to the airline's baggage office and fill out a report.

Usually, the airline will start trying to locate your baggage at this point. But often, the airline won't offer to reimburse you for any essentials you might need while you're separated from your baggage.

Luckily, some credit cards cover baggage delays . For example, if you used the Chase Sapphire Reserve to book your flight, Chase may reimburse you "for the emergency purchase of essential items, such as toiletries, clothing, and chargers for electronic devices (limit one per device)."

In particular, Chase may reimburse you up to $100 per day for up to five days. To qualify for this coverage, your baggage must be "delayed or misdirected" for at least six hours.

The items you purchase and include for reimbursement should be "essential." But, Chase excludes some items from reimbursement, including hearing aids, artificial teeth, prosthetic devices, tickets, jewelry, electronics and recreational equipment.

Related: What to do when your luggage is delayed or lost by an airline

You must cancel or interrupt a trip

does pc mastercard have travel insurance

First things first: No credit card offers " cancel for any reason " trip insurance as a complimentary benefit. But, if you must cancel or interrupt your trip for specific reasons, Chase Sapphire Reserve cardholders might be eligible for reimbursement of "nonrefundable prepaid travel expenses charged by a travel supplier" and "redeposit fees imposed by a rewards program administrator." And in the case of trip interruption, cardholders can be reimbursed change fees and costs to return a vehicle to their residence or the closest rental agency.

Many credit cards offer trip cancellation and interruption insurance . But, you'll only be eligible for reimbursement if you must cancel or interrupt your trip for specific reasons listed in the guide to benefits. For example, you may be eligible for reimbursement if you can't postpone or waive a call to jury duty or subpoena from the courts, and you prepaid for nonrefundable travel expenses with your Chase Sapphire Reserve .

Related: American Express adds new 'cancel for any reason' coverage option on flights

Your luggage is lost or damaged

does pc mastercard have travel insurance

Earlier, I discussed a scenario where your baggage is delayed. But, it's also possible that your luggage becomes lost, stolen or damaged. As with delayed baggage, you'll need to file a claim with the travel provider once you discover the issue.

Some travel providers will provide reimbursement to repair or replace your luggage. But, if the reimbursement isn't enough, you can also seek additional reimbursement via the baggage insurance offered by your credit card. If you booked your travel with your Chase Sapphire Reserve, you could get up to $3,000 per traveler per trip.

Related: The airline couldn't find my luggage — luckily I had Apple AirTags

7 times your credit card's travel insurance won't help

does pc mastercard have travel insurance

Of course, your credit card's travel insurance won't help you in every situation. Although you may still find relief through your travel provider or individual travel insurance , here are some real-world scenarios where you wouldn't be covered by the Chase Sapphire Reserve's travel protections :

  • You want to be on a different flight: Flight delays and cancellations are frustrating. But, you'll need to work with your airline to get on a different flight. None of the trip delay insurance offered by credit cards will let you buy a new flight and then reimburse it.
  • Staffing issues lead the airline to delay or cancel your flight: According to the Chase Sapphire Reserve's guide to benefits, only delays to your trip that are caused by "equipment failure, inclement weather, strike [or] hijacking/skyjacking" are eligible for trip delay reimbursement. So, if the airline can't find crew for your flight due to its employees being sick, for example, you won't be covered.
  • Your lodging canceled on you: It's frustrating to be walked from a hotel or have your lodging canceled on you. After all, you may face much higher prices if you need to book a new stay. But, except in specific cases covered by trip cancellation and interruption insurance — such as if your lodging at your trip's destination is "made uninhabitable" — your credit card benefits aren't going to help.
  • Your common carrier or travel insurance policy already provides what you need: As an example, if you are delayed overnight and the airline provides you with hotel and meal vouchers, you can't claim reimbursement for these same expenses through your credit card's trip delay benefit . The Chase Sapphire Reserve's guide to benefits states the trip delay benefit "applies to reasonable expenses incurred during your delay not otherwise covered by your common carrier, another party or your primary personal insurance policy."
  • Your delay caused you to miss things you already paid for: Trip delays may cause you to miss shows, activities, separately booked flights, hotel nights and more. But, the Chase Sapphire Reserve's trip delay benefit is only for reasonable expenses you incur during your delay. As such, any prepaid trip expenses won't be covered.
  • You have to cancel or interrupt your trip for a noncovered reason: As discussed above, the trip cancellation and interruption insurance offered by credit cards like the Chase Sapphire Reserve only covers you if you need to cancel or interrupt your trip for select reasons. So, if you need to cancel or interrupt your trip for other reasons, your credit card's travel insurance won't help. For example, you wouldn't be covered by the Chase Sapphire Reserve's insurance if you didn't obtain a necessary visa or your airline became financially insolvent.
  • You left an item or bag behind on the train, airplane or boat: Although some Amex cards include recently purchased items you lose under purchase protection insurance , most travel insurance offered by credit cards won't reimburse you for items you inadvertently left behind.

Travel insurance benefits vary from card to card, though. And, only select family members may be covered along with you for some benefits. So take a look at your card's guide to benefits or call the number on the back of your credit card to learn whether your specific scenario will be covered.

Related: 8 times your credit card's travel insurance might not cover you

Bottom line

Of course, this article assumes you used a credit card with travel insurance to pay for your trip, and the exact protections vary from card to card. But hopefully, this guide gave you an idea of the types of help you may get from your credit card's travel insurance if things go wrong with a trip this summer or beyond.

Finally, some premium travel cards offer an additional perk that may help if you face troubles this summer: lounge access . It can be much more relaxing to wait out a delay in the comfort of a lounge. Plus, you may gain access to agents that can help you rebook or handle complicated bookings if you have access to your airline's lounge.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply

Money We Have

  • No annual fee
  • Earn 45 PC Optimum Points per $1 dollar spent at Shoppers Drug Mart
  • Earn 30 PC Optimum Points per $1 spent where PC Products are sold and at PC Travel
  • Earn at least 30 PC Optimum Points per litre at Esso/Mobil locations
  • Earn 10 PC Optimum Points per $1 spent on all other purchases

Welcome bonus and earn rate

What’s interesting about the PC Financial World Elite Mastercard is that it doesn’t typically have a welcome bonus when you apply online. However, if you’re applying in-store where there’s a PC Financial booth, they’ll usually give you 100,000 points when you sign up. That’s a value of $100.

As for the earning rate, you’ll get 45 points per $1 spent at Shoppers Drug Mart, 30 points at Loblaws-owned grocery stores (Loblaws, Superstore, No Frills, Fortinos etc.), Esso/Mobil Gas stations, PC Travel, and 10 points on all other purchases. That works out to a 4.5%, 3%, and 1% return in PC Optimum points respectively.

PC Financial World Elite Mastercard benefits

For a no fee card, the PC Financial World Elite Mastercard comes with a decent amount of benefits. Mind you, many of these benefits come with any World Elite Mastercard, but you get access to them by being a cardholder.

Travel emergency medical insurance

Those under the age of 65 get $1,000,000 in travel emergency medical insurance. This insurance applies the second you travel out of province and covers things such as ambulances, doctor charges, hospital stays, dental care, prescription drugs and more. The coverage lasts for the first 10 days of your trip. You do not need to charge your travel expenses to your PC Financial World Elite Mastercard for the insurance to apply.

Car rental collision/loss damage waiver insurance.

When you charge the full cost of your car rental to your PC Financial World Elite Mastercard, you get 31 days of car rental collision/loss damage waiver insurance. This covers you from damages if you’re in an accident, but you need to decline the rental agency’s insurance for your policy to be valid. note that this doesn’t cover you for any liability.

Airport lounge access

One little known benefit of this card is the included Airport Experiences provided by LoungeKey. This gives you access to more than 1,400 airport lounges worldwide. That said, this is just a membership you’re getting. You still need to pay for each individual visit, which is typically US $32.

Purchase assurance

Any purchases charged to your PC Financial World Elite Mastercard are automatically covered with purchase assurance. If anything happens to your goods, including loss, theft, or damage in the first 90 days, you can have them replaced/repaired at no charge.

Extended warranty

Your manufacturer’s warranty is doubled, up to one additional year, as long as you charge your purchase to your PC Financial World Elite Mastercard.

Concierge service

You can contact a Mastercard concierge 24/7 to help you with things such as booking restaurants, purchasing gifts, arranging translation services, and more. Admittedly, all of these things can be done on your own, but I suppose a concierge can be helpful if you’re in a foreign country where you don’t speak the language.

How to redeem your points

PC Optimum is one of the most popular loyalty programs in Canada. You can redeem 10,000 PC Optimum points for $10 in groceries or merchandise at Loblaws-owned grocery stores and Shoppers Drug Mart. In addition, you can use your points at Esso/Mobil gas stations for discounts on your gas purchases or for free car washes.

Occasionally, Shoppers Drug Mart has bonus redemption offers. For example, there was a promotion where you could claim 250,000 points for $400 in credit. That’s $150 more than the regular redemption, so it can be worthwhile to save your points. They’ve also had other offers, such as earning 20X the points or getting 25,000 points when you spend $75. Read my post on how to earn more PC Optimum points if you want to maximize your points.

PC Financial World Elite Mastercard eligibility

  • You’re a Canadian citizen or permanent resident.
  • You’re at least the age of majority in your province or territory
  • You have a minimum annual personal gross income of $80,000 or a household income of $150,000.

Although PC Financial doesn’t state what credit score is required to be approved, they say a credit check will be performed at the time of application. Generally, you’ll want to have a credit score of at least 700 before applying.

How the PC Financial World Elite Mastercard compares

The PC Financial World Elite Mastercard is the best for earning PC Optimum points. That said, there are a few cards worth comparing since they offer better earning rates on groceries.

PC Financial World Elite Mastercard vs. American Express Cobalt Card

The American Express Cobalt Card has an earning rate of 5 American Express Membership Rewards points per $1 spent on eats and drinks (includes grocery stores), 3 points on streaming services, 2 points on travel and transit, and 1 point for all other purchases. The earning rate here is clearly higher than what the PC Financial World Elite offers. There’s just one problem: American Express isn’t typically accepted at Loblaws-owned grocery stores. While the Cobalt Card is one of the best cash back credit cards in Canada , it’s useless if your grocery store doesn’t accept it.

PC Financial World Elite Mastercard vs. Scotiabank Gold American Express

Another card with a high earning potential is the Scotiabank Gold American Express . With this card, you’ll get 6 Scene+ points per $1 spent at Empire-owned supermarkets (Sobeys, Foodland, IGA, FreshCo), 5 points at other grocery stores, dining, and entertainment, 3 points on gas, and transit, and 1 point on all other purchases. If you shop at an Empire-owned grocery store, this card is one of your best choices. It’s also worth mentioning that the Scotiabank Gold American Express has no foreign transaction fees.

PC Financial World Elite Mastercard vs. Rogers Mastercard

The Rogers Mastercard is a good comparison since it also has no annual fee, and it’s a Mastercard. If you have one qualifying service with Rogers, Fido or Shaw, you’ll earn 2% cash back on all your purchases. While that earning rate is lower than what the PC Financial World Elite Mastercard offers on Loblaws-owned stores, Shoppers Drug Mart, and Esso gas stations, the base earning rate could compensate for it. In addition, if you redeem your cash back earned for Rogers services, you get a 30% boost, so you’re actually getting a cash back rate of 2.6%. The other appealing aspect of the Rogers Mastercard is that it has no formal income requirement, so it’s easier to be approved for compared to the PC Financial card.

Final thoughts

My PC Financial World Elite Mastercard review is positive. This card is ideal for anyone in the following situations:

  • You want to earn more PC Optimum points – No other credit card gives you a higher earning rate for PC Optimum points.
  • You shop at Loblaws-owned stores – If you shop at Loblaws, No Frills, or Superstore, this is a card you want to earn points on every purchase. Otherwise, you’ll only earn points on in-store and targeted offers.
  • You don’t want to pay an annual fee – This is one of the few World Elite Mastercards with no monthly or yearly fee.

PC Optimum is one of the best loyalty programs in Canada. With the PC Financial World Elite Mastercard, you’ll be able to earn PC Optimum points on every purchase. Plus, with no annual fee, getting this card and only using it where you get an enhanced earning rate could be worth it.

PC Financial mastercard review

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does pc mastercard have travel insurance

About Barry Choi

Barry Choi is a Toronto-based personal finance and travel expert who frequently makes media appearances. His blog Money We Have is one of Canada’s most trusted sources when it comes to money and travel. You can find him on Twitter: @barrychoi

92 Comments

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Are you sure about the Priority Pass membership?

does pc mastercard have travel insurance

Yup, please see MasterCard’s website

https://www1.mastercard.com/content/mc/offer-exchange/world-elite/apmea/en/travel/airport/Airport_Lounge_Access.html

And their list of partner banks

https://www.mastercard.ca/en-ca/search-by-bank.html

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Just enrolled, thanks for the tip !! Was unaware.

Another possible URL:.

Airports.mastercard.com

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If I’m going out of country do I need to call PC World elite travel insurance before leaving on vacation?

You only need to call the insurance line if you’re making a claim. That said, if you plan on your PC Financial Mastercard when you’re abroad, you should call them in advance to let them know you’re travelling.

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Where do you sign up for it then? I see no mention of this on the PC World Elite Mastercard page?

I believe PC Financial doesn’t mention it on their website since there’s a copyright issue with the name. However, if you go to the MasterCard site, you’ll see they’re listed as a partner.

To be honest, I don’t know how you get your actual membership with them. You may need to call MasterCard for that info.

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so when I go to the PC world Elite Mastercard site, I find:

As a World Elite MasterCard cardholder, you receive

Complimentary Priority Pass membership One free lounge visit per cardholder per year

Simply present your Priority Pass membership card upon arrival at the lounge.

but when I go to the Priority pass site, it shows membership costs for Canada at $99 us.I assume that you need a priority pass card to get into the lounge?? How do you get the complementery one that is suposed to come with the credit card? What am I missing here?

With Priority Pass, you need a membership just to access the lounge. Depending on what membership you have, you’ll either get free visits or pay the one time fee of $27USD per visit.

So the One free lounge visit per cardholder per year = 1 time visit. After you’ve used that voucher or whatever it is, you pay $27USD per visit.

To be perfectly honest, it’s been difficult to get confirmation about how to get that actual one free pass. PCF is not responsible for that benefit so you need to call MasterCard. I’ve heard so many different things about the LoungeKey access with MasterCard that it’s impossible for me to give accurate information.

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If I am approved… if I make a purchase at Shoppers drug mart will I need to just pay with the PC MasterCard to earn my full points or will I also need to show my PC Optimum card in addition? Is there any point in having a physical PC Optimum card if you are a PC MasterCard holder?

If you have a PCFWEMC or any Mastercard and have linked it to your PC Optimum account, then you don’t need a physical PC Optimum card. Your credit card will be fine.

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I find that I do need to present twice, for points then payment, though if you have a smartphone one need not carry the loyalty nor the credit card. Personally I keep them in the Wallet app in my iPhone and use those to scan for the points & then verify the purchase (Which uses NFC to wirelessly talk to the swipe terminal.)

D. Cornelius,

Yes you do need to tap with your PC Mastercard first to get points and then again to pay. But you don’t physically need to have your PC Optimum card on you to earn points since your credit card will earn them.

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Great review Barry! Merger definitely increased value with 45 total PC Optimum Points per $1 dollar spent at Shoppers Drug Mart and 30 total PC Optimum Points per $1 spent where PC Products are sold.

And, wow, a free annual standard membership ($79 US) to Priority Pass with one free visit AND no annual fee!

Yes, the PCFWEMC is a great card and offers tons of benefits with no fee which is why I love it.

Hi Barry, back to the Airport Lounge Access benefit …

I spoke with Mastercard Canada on the phone, and since I don’t have this card yet, the rep couldn’t check on the actual benefits without a CC#. She did mention that it depends on the financial institution whether the Lounge Access benefit is included, .

I checked this link and included an excerpt below: https://www.pcfinancial.ca/english/legal/pc-mastercard?list=3&scrollTo=abp-additional-exclusive

Benefits exclusive to PC Financial World Mastercard accounts Concierge Services are provided by Assurant Services Canada Inc. (ASCI). Details of what is included as part of this service is outlined in the Terms and Conditions sent with your card.

Additional benefits exclusive to PC Financial World Elite Mastercard accounts Car Rental Collision/Loss Damage Waiver Insurance is underwritten by American Bankers Insurance Company of Florida (ABIC), and Travel Emergency Medical Insurance is underwritten by American Bankers Life Assurance Company of Florida (ABLAC). Concierge Services and Identity Theft Services are provided by Assurant Services Canada Inc. (ASCI). Details of your insurance and service, including definitions, benefits, limitations, and exclusions, are outlined in the Certificate of Insurance sent with your card. Keep your Certificate of Insurance in a safe place with your other valuable documents, and take it with you when you travel. ABIC, ABLAC, ASCI and their subsidiaries and affiliates carry on business in Canada under the name Assurant®. ®Assurant is a registered trademark of Assurant, Inc.

Not sure if you have this card, or can confirm whether the Priority Pass membership + 1 free visit per year is definitely included with the PC World Elite Mastercard?

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I have this card too but didn’t know that Priority Pass membership was free. I never got that info when I received my card. Did you get your membership from this card Barry?

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Barry is wrong on this, period. I’ve had the card for 3 years, it does not entitle you to a priority pass membership.

Here’s the statement I received directly from PC Financial.

With the PC Financial World Elite Mastercard customers will earn 3X the regular PC Points when purchasing vacations, flights, hotels, cruises, car rentals and tours. Customers also receive exclusive travel offers at competitive rates and the Best Price Guarantee on all bookings (price matching within a 24 hr).

A new benefit introduced late last year is LoungeKey access:

If you are a PC Financial World and World Elite Cardholders you will be able to purchase lounge passes at over 800 Lounges Worldwide, including presence in all large airports in Canada and at the top Canada travel destinations at subsidized rates of $27 USD. Cardholders simply need to present their PC MasterCard World or World Elite card to the lounge staff, or register for the program by going to the “MasterCard Airport Experiences provided by LoungeKey” website. Benefits:

• Over 800 lounges, in over 400 airports worldwide (120+ countries), regardless of their airline, frequent flyer membership, or class of ticket. • Unique experiences and offers in dining, spa and retail outlets within the airport

so how do you get your one free visit if you have to pay $27 us per year?? Lots of confusion with this perk. Barry, perhaps you can investgate and clarify. – Thanks

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Thank you for the info. This is was the clarification I was look for.

Paying $27 per visit is still better than paying $100 annual fee and $27 each visit with the priority pass.

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Hi Barry… I’m a retiree and I have the HSBC Premier World Elite card. I shop often at shoppers and PC stores. In your opinion is it worth it for me to get the PC Elite card and split the loyalty points I’d get into two plans?

With the PCFWEMC you earn 4.5% back at Shoppers Drug Mart and 3% back where PC products are sold so you come out ahead compared to the HSBC Premier World Elite. The key is to take that money you save on groceries and to add it to your vacation fund.

Hi Barry…my wife and I love reading your financial and travel blogs. In your opinion what is the best credit card available now in Canada for maximizing returns to complement our HSBC card?

It really depends on where you shop and what categories you spend the most money on. e.g. where do you do all your grocery shopping? Do you spend a lot on gas? Do you eat out a lot?

We love to travel. When we’re home we shop usually at PC grocery stores or Walmart. We do love eating out.

So things could get complicated there.

If you shop at PC grocery stores – the PC Financial World Elite gives you 3% cash back which is quite high. At Wal Mart, you could keep using your CIBC card since it gives you 1.5%

If you eat out A LOT, then the Amex Cobalt card is good too since you get 5X the points. However, Cobalt points can’t be transferred to airlines. They can be used for fixed mileage rewards and transferred SPG at 2:1 so you still have some options.

Thanks Barry. Like your travel blogs you seem to write in a manner that is easy to read and understand.

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Do you think getting an additional card for my spouse will allow my spouse to obtain free lounge access too?

If your spouse applies for the card on their own (as opposed to being a supplementary cardholder), then they would have lounge access. A reminder, that just the membership is free. You still need to pay for each visit.

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Hi Barry, this is great! thank you for the post. if you use your PC WE MC for mainly gas, groceries and Shoppers, which would be a great cash back card for all the other stuff? thank you!!

Hi FernandoM,

It depends on where else you shop and what kind of benefits you like. The Tangerine money-back card since you can choose up to 3 categories that give you up 2% back.

Barry thank you for your reply! I use PC stores a lot so that would remain my main card (groceries, gas, etc.). for other stuff I can think of, monthly bills, random shopping, recreation…

I will definitely take a look into the Tangerine one. thank you!

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I have the PC world elite Mc got it few weeks ago and I cannot see where are the 4.5X and 3X points. I can only see the base points which are 10X but how you know that you got the correct points? I called them several times but didn’t get a clear answer.

There’s honestly no clear place that shows you when you’re earning multipliers.

Your statement only shows you the total earned for the month.

Thank you for your answer. And yes, I know about the statement, but the statement shows only the base points.

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With the comment above; do they send you a Priority Pass Membership card with it? or do we only get the LoungeKey Access membership free?

“As a World Elite MasterCard cardholder, you receive

Complimentary Priority Pass membership One free lounge visit per cardholder per year”

They don’t send you anything, but the one free visit is something offered by Mastercard as a World Elite cardholder. I honestly have no idea how to actually activate your membership and how to get that one free visit.

Thanks for the reply Barry. It’s still good to hear that you get LoungeKey Access membership for free which is nice a perk for a free NO FEE credit card.

yeah, it’s a pretty sweet perk once you figure out how to get it. No one at PCF customer service seems to know about it, but the Mastercard website lists PCF as a partner for LoungeKey access.

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It’s been painful since the change was made. I am not getting 30 points/$1 with my PC World Elite Master Card instead only getting 20 points/$1 for purchases in PC stores. 0 points for purchases from non PC stores. However, no issue with purchases at Shoppers Drug Mart and I got the loyalty points showed up on my receipt, while PC stores did not show the points other than bonus points on the receipts. I had to submit the point adjustment requests for each and every receipts for PC stores and non PC stores. Sometime, I got the points adjusted for the non-PC stores, and another time I got reply telling me “In order to earn PC Optimum Points, you are required to go to PCOptimum.ca, sign-in into your account, load all offers on to your PC optimum account by viewing them, and swipe your card/device at the beginning of each transaction at participating stores. As a result of your card/device not being swiped for this transaction we are unable to make any adjustments to your account”. By the way transactions other than PC stores never showed up on my PCOptimum account. Telephone call to PC Mastercard regarding the issue was totally a waste of time and message send to PC Mastercard regarding the above issue is not getting replied nor resolution. This could be really a good card if PC Mastercard delivers their promises. I am kind of sick and tired of hearing the excuses about up to the stores including PC stores to give the loyalty points and how the heck do you tell non-PC stores to swipe your PC Mastercard before the transaction to get the loyalty points, so essentially consider sh** of luck getting any points from non-PC stores. Also, the email replies from sending the point adjustment request gave you a case# without reference to any information to the specific purchase nor the request detail. Hence it is a difficult task to match up with the receipts with the case# when I was requested to submit additional info. As always, buyer beware and don’t believe everything they tell you.

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I have a MC President’s Choice Elite card. I find it impossible to decipher whether or not I am getting the appropriate amount of points on my purchases because of the way the Financial points are recorded. The detailed info for each posting should indicate which transaction it is for. ie purchase date and amount. I am concerned that I am not getting the correct amount of points. I guess I could do a points adjustment of every transactions but I do not want to have to do that. The computer system must have the info I am asking for. I use my MC for everything but I want to be assured that I am getting the correct amount of points. The points earned is why I have and use this card!

Hey Marion,

From what I understand, the bonus points only appear online via pcoptimum.ca. I agree it’s a bit sill that there’s no easier way to view your bonus points.

I do go online to pcoptimum,ca to view my earned points. I have been told by PC Financial that it takes 3-5 days for the Financial points earned to be posted. I can deal with that. But when the points are posted, I want to know which transaction the points are coming from. I have contact PC Financial with my concern but I am not satisfied with their response. Do you have an inside tract with PC Financial?

Unfortunately, I don’t know anyone who works there that would be able to assist.

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Are there any caps on points earned in any of the categories? (At PC Stores, Shoppers, Anywhere else?) I ask this because on the ‘Points earned’ calculator in a recent email I received from PC, there is a cap of $2000 on spending in the ‘everywhere else’ category.

There’s should be no cap. I don’t know why they set a limit of $2,000 on the online calculator.

Thanks Barry, I didn’t think there was a cap.

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Looks like PC optimum points is a scam. whenever there is an offer on Gas, I buy it. But i have to call customer care to get my points otherwise we don’t get any points. last week there was an offer 10,000 points on $40 purchase of gas. i still did not get points, i am still fighting for those. I will never ever go again to superstore and never use pc optimum. Whenever I called customer service they hangup the call. waste of time. I am planning to contact media and local news channels.

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I registered for Lounge access with my PC Financial World Elite Card. I read that you can tell if your card receives a complimentary visit by going into the my account section. If you qualify for any complimentary passes the “complimentary” section will show. Mine does not…not surprised. So it looks like I have free access but will need to pay $27 US for each visit. I have a long stay in Miami for my next vacation the way the flights work out so I may use it.

Im trying to figure out what the best credit card combination for me would be. I’m retired so cash back is a great option. I was using my PC points to purchase gift cards until they removed that option last year. Now I have $400 worth in points I’m not sure how to redeem. I don’t shop at PC much. I shop at local organic grocery stores. I do shop at Shoppers sometimes, and ended up using some of it to buy sunscreen. I’d prefer to be able to get free items immediately like a gas card or even collect rewards for flights or vacations as being on a limited income makes though purchases tough. Any suggestions Barry?

Hi Michele,

With your remaining points you could shop at Loblaw’s or Superstore where they have organic produce and merchandise e.g. electronics and housewares for sale.

As for the best credit card, it depends on your spending habits and where you shop. The Amex Simply Cash preferred card and the Tangerine Money-Back card immediately come to mind as good choices

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Hi, thanks for the share.

I received the Elite MasterCard this week and wondering if I have to make minimum amount of purchase with this card yearly to maintain my status.?

Please confirm, I can’t find this info anywhere, no one knows…

ONce you have the card, you keep it. There is no status with this card as it’s based on your minimum income, now how much you spend.

[…] the PC Financial Mastercards, you can increase your earn rate significantly. I personally have the PC Financial World Elite Mastercard and use it all the time. It honestly doesn’t take me long before I have enough points to make a […]

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Avoid this card if you like to have online access to your account. I’ve had it for one month and still cant’ get access. Customer service has no answers. It’s an IT problem. They’re working on it. No time frame for resolution.

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Can I use my pc elite mc in other countrie?

Yes, just make sure you let them know in advance of your travel dates.

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Great review Barry. One thing to note which I’m a bit sore about – I am an existing PC MasterCard holder (the plain standard card) and I asked PCF if I could be upgraded to the World Elite (I am over the personal income requirment, and comfortably over the household earn requirement). They flat out said no and that I have to have spent $25000 over the past 24 months on my existing card in order to qualify. $25k is a pretty unreasonable sum for even a high spender on what is definitely not going to a primary travel card. It appears that PCF really don’t want people applying for this card (probably costs them too much from points redemptions).

I feel like that’s an uninformed rep. If you’re over the income requirement, they should be upgrading you no questions asked. It might be worth calling again to see if a different rep will upgrade you.

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I currently have the PC Mastercard and was just approved for the PC World Elite card. I currently get 7 cents/liter back on my gas purchases, but I read the World Elite is only 3 cents/liter? Just curious. We have large vehicles and drive a lot, so our points add up fast just from gas purchases alone.

I believe you’re referring to the 70 PC optimum points that are earned at gas stations located at Loblaw’s owned grocery stores? That remains the same with the PC Financial World Elite card. The 3 cents earned per litre is at Esso/Mobil locations.

You may want to double check with PCF, but I’m pretty sure that’s how it works.

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Excellent article! good one

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Thanks for this review. But I was wondering what other credit card we could combine with the PC World Elite MasterCard to maximize our points. We shop mainly at the Loblaws and affiliate stores, so the PC WEMC is a perfect card for us.

Currently we have the Scotia Gold AMEX(restaurants, travel), Scotia VISA Momentum Infinite(grocery, gas),RBC VISA Infinite Avion, Home Trust Visa(US purchase), Capital One(Costco).

We do eat out frequently and vacation to the US at least once a year. I need to cancel all these credit cards, want to only have the PC WEMC and another card or two.

Can you suggest which other cards I should combine and will cancel the rest?

Hi Cecilia,

THe Scotia Gold Amex is actually a great complimentary card to the PCFWEMC especially if you use it to eat out a lot and travel. Come August 1st, you’ll earn 5X the points on restaurants and the card will have no forex fees.

https://www.scotiabank.com/content/dam/scotiabank/canada/en/documents/personal-banking/AW007111_CJ54869_Gold_AMEX_ENG_WEB.pdf

If you want to drop the Scotiabank Amex card, the Scotiabank Passport Visa Infinite card doesn’t give you as many points for groceries and restaurants, but you get a Priority Pass membership and 6 free annual passes.

With either of the two above cards, you could cancel the Home Trust card and the RBC Avion card.

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My wife keeps pushing me for the PC World Elite MC as she is working for PCF.

I currently have TD Visa Infinite cash back card that gives me 3% on Gas, Recurring Payments and Groceries (from grocery stores – no Walmart or No Frills (Visa not accepted)).

TD Visa Infinite cash back card has a better travel insurance, rental car coverage etc than PCWEMC – Correct me if i am wrong

Does it make sense for me to go for PCWEMC just for the 3x points in No Frills shopping? BTW i have PC Optimum card that gives my 10 points on ESSO gas purchases.

Also we travel at least once a year to India or US which travel card do you recommend for lounge access + perks – Scotiabank Passport Visa Infinite or CIBC Aventura Visa Infinite?

If you always pay your bills on time, it doesn’t hurt to get the PCFWEMC since you would earn 30 points per dollar spent.

As for your other question about lounge passes and Nexus. I personally think the Scotiabank Passport Visa Infinite card is the best all-in-one travel card. Your wife would be able to use the free annual passes as long as she’s travelling with you (assuming you’re the primary cardholder). She wouldn’t be able to use the passes if she was travelling on her own.

Nexus is only $50 for 5 years, so although CIBC offers a rebate, the 2 extra lounge passes you get from Scotiabank every year are worth more. As I’m sure you know, the Scotiabank card also has no forex fees.

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Hi Pradeep, Visa HomeTrust has you no exchange fees for currency. That is somewhere around 2.4% savings when out of country. Also, I get 1% cash back. So it is about 3.5% savings when travelling. Unless you get currency wihtout having to exchange it (ie cash gifts from family).

Thanks Barry. WiIl wait on PCFWEMC….

Scotia benefits are better and will go with it… Also will apply for a Supplementary card (wife) for free and add that to the Priority Pass account, not sure if they will let me register. Any thoughts?

The fine print on the Scotiabank Passport Visa Infinite card states that the Priority Pass membership is only valid for the primary cardholder so your wife would not qualify.

If she travels on her own quite a bit, it may be worth it for her to get her own card.

Thanks Barry 🙂

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i only get 20 points for 1 dollar

You have the World card, not the World Elite.

i have the world elite.

The world elite card definitely earns you 30 points per $1 spent at Loblaws owned stores.

https://www.pcfinancial.ca/en/credit-cards/world-elite

thats what theY said.but i only get 20 for 1 dollar

You’d have to contact customer service again and tell them to look at your statement to varify that there’s an error and then have them fix it.

yes.i did.mastercard said it is points issue.points said its mastercard issue

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my wife traveled to India last week. but unfortunately lost her luggage. she did not receive her luggage at New Delhi. Airlines are unable to track her luggage. My question is that as i paid her full ticket from PC choice world elite master card, will i be able to claim the baggage lost. please answer

Sorry to hear about your situation. Unfortunately, the PC Financial World Elite Mastercard does not come with any lost baggage insurance.

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Hi, If I’m the primary card holder and I have a supplementary card issued in my Wife’s name, does the travel insurance cover her on a trip to the US. if that trip flight and hotel was charged in full on the supplemental card with her name on it if me as the primary card holder is not going on the trip with her? Thanks.

Your wife would not be insured with the card if you’re not travelling with her.

Thank Barry, I guess I’m going to Vegas as a 3rd wheel in a bachlorette party. Lol. By the way, what is the process if one needs to for example see a doctor or visit a hospital emergency room in the U.S.? Does the card member pay for all of the medical services 1st, keep the invoices, then file a claim afterwards or do you call and get pre-approval first? We are both Canadian born, I as the primary card holder and my spouse has the supplementary card. . And is it family coverage or just your spouse? And is there any deductible (i.e. card member pays first $100?). Thanks.

You’re supposed to contact your insurer before you seek medical attention or as soon as possible. Sometimes the doctor or hospital can bill the insurer directly, but sometimes you need to pay yourself and then make a claim. Generally speaking, your dependent children who are not students are also covered, again read the policy. Also note that the travel medical for this card only covers 10 days if you’re under the age of 65.

Thank Barry, can you post a link to the policy? Thanks.

https://www.pcfinancial.ca/docs/default-source/legal-stuff/pcf_worldelite_coi_en.pdf

Hi Barry, What cards currently have no forex fees? Which one offers the best cash back? Which card has best travel insurances. I do like the Amex option, but here in a more rural area, many merchants don’t accept Amex. Thanks

Check out these two pages.

https://www.moneywehave.com/canadian-credit-cards-without-foreign-transaction-fees/ https://www.moneywehave.com/best-cash-back-credit-cards-in-canada/ https://www.moneywehave.com/the-best-credit-cards-with-travel-insurance/

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Hello! Thanks for the info. Does this card have any coverage for Trip Cancelation Insurance? We are currently en route to Australia from Canada with a stop over in Hawaii and Jetstar has cancelled our flight to Melbourne. Sadly, we forgot to purchase travel insurance before the trip (of course, the one time I forget…..).

Hoping this card will help over the costs at Jetstar is being absolutely useless. Cheers!

Unfortunately, this card does not have any trip cancellation.

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Points are slow to add up, even if you spend a huge amount on the card. If you don’t pay off the balance on your card dinged over a 22% interest charge. In the end you do not come out ahead on the PC Mastercard!

If you’re shopping at Loblaws owned stores or Shoppers Drug Mart, the points add up fast. You’re basically earning 3% or 4.5% return on all your purchases and that doesn’t include any in-store or targeted offers. If you’re carrying a balance, the rewards are definitely not worth and you should focus on debt repayment. This is a no fee card so I would say the majority of people do come out ahead.

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Sounds fantastic!! However I have the card and have been trying to get my points fixed for over 2 years. I still only get 10 points at gas stations and minimum at their stores. I called, wrote,started a points claim and even wrote to the PC ombudsman. All failed to follow up and follow through. Very disappointing.

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Do I need credit card travel insurance?

Key takeaways.

  • S ome typical travel insurance benefits include trip cancellation and interruption insurance, trip delay reimbursement, emergency medical coverage, emergency medical evacuation, lost or damaged baggage insurance, delayed baggage insurance and car rental insurance
  • Many top travel credit cards provide enough travel insurance benefits to protect you in an emergency or if your plans change, so purchasing extra travel coverage likely won’t be necessary
  • However, if you plan to book an expensive trip or travel abroad for an extended period of time, you might want to purchase travel coverage. Check with your card issuer to confirm any coverage terms and conditions before purchasing any additional policies

Now that travel is back in full swing, it’s time to plan your next exciting getaway. With all the fun that comes with traveling to new locales, you always risk running into expensive problems far from home. Lost luggage, canceled flights, injuries, rental car mishaps — all sorts of inconveniences can occur when traveling. One way to soften the blow of travel disasters — at least financially — is to have travel insurance.

What is travel insurance?

Travel insurance helps provide financial compensation for mishaps like lost or stolen luggage or if you need to cancel a trip for reasons that are beyond your control. In the event of a qualifying incident, you can file a claim with the insurance company to get money back for certain expenses, up to a previously agreed-upon limit. You can purchase travel insurance policies from insurance providers — or you can take advantage of travel insurance benefits offered by your credit card provider.

Fortunately for travelers, many credit cards offer some form of travel insurance to cardholders, and some of the top travel credit cards offer an impressive lineup of travel protections. However, credit card travel insurance works a bit differently than a travel insurance policy you purchase .

As a rule, credit card travel insurance doesn’t typically offer the same level of comprehensive coverage you’d get from a purchased policy. You also can’t choose what type of coverage you receive. That said, many travel credit cards offer some level of coverage for issues like trip cancellation and interruption , trip delays, lost luggage, baggage delays , rental cars and travel accidents.

If you’re considering buying separate travel insurance, it’s worth learning what type of coverage your credit card offers before paying for protection you may already have. One easy way to find out what your credit card covers is to call your credit card provider and have them walk you through your card’s benefits guide.

What is credit card travel insurance?

Credit card travel insurance is a complimentary benefit that commonly comes with credit cards. While it isn’t the most robust coverage, this protection can help out with various travel-related emergencies and inconveniences. When cardholders use their credit cards to book travel arrangements such as flights, hotels or rental cars, they may automatically become eligible for these insurance benefits. The key element here is to book at least your flights or other transportation using the credit card, or you won’t qualify for the coverage.

Typically, credit card travel insurance includes coverage for trip cancellations, trip interruptions and delays, as well as lost or delayed baggage. Some cards may also provide coverage for emergency medical expenses, evacuation and rental car insurance. The extent of coverage varies among credit cards and may depend on factors such as the card type, the issuer and the terms and conditions outlined in the card agreement.

It’s important for cardholders to review the specific details of the travel insurance offered by their credit cards, including any limitations, exclusions and requirements for activation. While credit card travel insurance can be a valuable perk, you may want to consider purchasing additional coverage for more thorough coverage.

What does travel insurance cover?

To make it easier to understand what travel insurance covers, we’re breaking down the most common types of coverage.

Coverage for canceled, interrupted or delayed trips

If you need to cancel your trip, having trip cancellation and interruption coverage can provide reimbursement for the cost of your trip, including expenses like transportation, hotels and prepaid activities. Qualifying reasons might include events such as the death of a family member, terrorism, natural disasters and unforeseen illnesses or injuries. Check your policy to see what’s included as each policy differs. In some cases, events like jury duty or being laid off from your job qualify.

Generally, your trip needs to be delayed unexpectedly by six to 12 hours (but this varies by each policy) to qualify for trip delay reimbursement. This benefit typically offers $150 to $200 per day for a certain number of days — though sometimes, this benefit offers a certain amount per ticket — to cover necessary expenses like lodgings or food.

Getting stranded far from home and having to pay for extra nights in a hotel you didn’t budget for, having to change flights at the last minute or canceling some or all of a nonrefundable trip before you even hit the road can all cost a pretty penny. If you’re traveling somewhere prone to major weather incidents and have multiple flights (increasing the possibility of missed connections), this is an important type of insurance to have.

Coverage for emergency medical situations

Emergency medical benefits can come in handy if you’re injured or become ill while traveling and require hospitalization, medication or treatment. This type of coverage is more necessary if you’re traveling internationally or on a cruise where you may not have access to medical care covered by your health insurance plan. Unfortunately, in most cases, you’ll need to pay for your medical care out of pocket and file a claim later for reimbursement.

If you have a medical emergency while traveling that requires transportation to the nearest medical facility, medical evacuation coverage can help with those costs. This is often add-on coverage for travel medical insurance, but it can come in handy if your treating physician recommends you go home to receive medical treatment or if a death occurs and there are costs associated with transporting the traveler’s remains.

Are you traveling out of network? How about out of the country or to a remote locale where it’s difficult to access medical care? If you need medical attention when you’re traveling and your health insurance won’t cover your costs, having travel insurance that pays for medical emergencies and medical transportation can save you a lot of money.

Coverage for lost, damaged or delayed baggage

Generally, lost or damaged baggage protection only covers up to a certain value, but your belongings are covered throughout your entire trip. Some policies only reimburse for luggage that is lost or damaged when it is checked with a common carrier. If your bag is permanently lost, having the right type of insurance can save you a lot of money. If you’ll be carrying more expensive items, you may want to pursue a third-party plan that will reimburse more expensive items, such as a camera or computer. Additionally, note that you may need to file a police report within a certain timeframe to receive coverage.

Even if your belongings eventually arrive in one piece, baggage delay protection can reimburse you for any costs you incur while waiting to be reunited with your belongings. You may face a daily limit on how much you can purchase to replace your delayed goods, along with a limit on what you can purchase. Additionally, these benefits don’t typically kick in unless your luggage is delayed for a specified period of time (usually six to 24 hours).

If you’re checking a bag while flying, you may want coverage for lost, damaged or delayed baggage. This coverage can help you pay for clothing, toiletries and any other items you need to replace if your luggage goes missing or is harmed, especially if it gets lost by the time you arrive at your destination. If you’re driving, however, you probably won’t need this type of coverage.

Coverage for rental cars

Many credit cards offer rental car coverage for collisions, loss and damage. It’s usually secondary coverage, meaning it kicks in after your primary auto insurance, and it usually excludes liability for damage to other property or for injuries to others. However, some credit cards offer primary coverage, which typically provides reimbursement up to a certain amount for theft and collision damage. Note that you’ll typically need to decline the car rental company’s insurance in order to receive coverage through your credit card.

For domestic travel, your existing auto insurance policy may cover any issues with rental cars, and it’ll likely kick in before an additional collision policy anyway. Check out what your insurer covers first before getting an additional policy. It’s also worth noting that your credit card rental car insurance may apply overseas. However, it would be wise to look into additional car rental protections, whether with a third-party insurer or at the rental counter, since some countries are excluded from credit card rental car coverage.

How to use credit card travel insurance

If a trip is partially or fully booked on your credit card — be sure to confirm booking standards with your card provider first — you may be able to access travel insurance benefits that come with your credit card . Here’s how to use your credit card travel insurance:

  • Confirm your coverage. Before you file a claim, it’s helpful to brush up on your coverage. Your card should come with a benefits guide that outlines what type of travel coverage you have, including the maximum amount they’ll cover, exceptions to your coverage and how long you have to submit a claim (typically less than 60 days).
  • Show receipts and necessary documentation. You’ll likely need to provide receipts when you file your claim if you want to get your money back. You might also need to provide key documentation such as showing how a loss occurred, correspondence with travel providers proving they won’t reimburse you, doctors’ notes, police reports or any other applicable paperwork.
  • File the claim. Report any losses or situations to the benefits administrator within your policy’s claim time frame. Generally, you’ll download a claim form from the credit card provider’s website and submit evidence of the losses or situations for which you’re seeking reimbursement.
  • Wait for a decision. Your credit card provider will contact you with a decision regarding your claim and, if approved, explain how it plans to distribute your funds.

When is travel insurance worth it?

Traveling is expensive, so it’s understandable if you’re wondering — is trip insurance worth it? Where or not you should purchase travel insurance in addition to the benefits your credit card offers depends on how much coverage you already have and what your risk tolerance is. Some premium credit cards offer robust travel coverage — such as emergency evacuation coverage, lost baggage coverage or trip cancellation and interruption insurance — whereas no-annual-fee credit cards typically offer basic coverage like roadside assistance.

Note that travel insurance policies tend to get more expensive as you age. So the flat annual fees you’ll pay for premium travel credit cards such as The Platinum Card® from American Express ($695 annual fee) and the Chase Sapphire Reserve® ($550 annual fee) make their travel coverage more valuable the older you get.

Consider what type of travel insurance you may need and what events and belongings you need to have insured. If you want basic coverage for smaller issues, such as covering costs incurred if your flight is delayed, then your credit card policy may do the trick. But if you have ambitious travel plans that involve bigger risks — like booking a nonrefundable international trip — then you’ll likely want to purchase a travel insurance policy that will allow you to cancel a trip for any reason.

When is travel insurance not worth it?

Depending on where you’re traveling and the type of trip you’re taking, travel insurance might not be necessary. For example, if your trip is completely refundable, trip interruption and cancellation insurance is likely not necessary. You may also not need any type of travel insurance if you’re taking a cheap or short domestic trip.

Additionally, if you’re traveling within the U.S., you likely won’t need additional medical coverage beyond your existing health insurance plan (though it would be good to check your policy first). If you’re traveling outside of the U.S., however, additional medical coverage — whether purchased or provided through a credit card — can be helpful in an emergency situation.

Should you get a top credit card for travel insurance?

Many travel credit cards can provide you with enough travel insurance benefits to protect you in an emergency or if your plans change, so purchasing extra travel coverage likely won’t be necessary. Of course, this depends on the type of trip you’re taking, among other factors.

If you’re looking for a new credit card and want one that provides solid travel insurance coverage, here are some of the best cards for travel insurance to consider:

Although travel insurance can be a great cardholder perk, it probably won’t be the main factor you’re considering when picking out a new credit card . While it’s nice for frequent travelers, you’ll want to look for a credit card that offers benefits you’ll use, such as a great rewards program, a sign-up bonus or intro APR offers. A card that rewards you for your regular spending may be more valuable in the long run than one that comes with a limited amount of travel insurance to cover the occasional trip.

While you can’t predict the exact cost of every future trip you plan, you probably have an idea of what kind of trips you take and what type of coverage they require. For example, if you love taking road trips in your trusty SUV and rarely rent a car or book a flight for a vacation, then you’re less likely to need car rental or baggage delay coverage. But having roadside assistance as a perk may give you much-needed peace of mind when you hit the open road. Look for a credit card that offers coverage in line with the way you travel most often.

There is no worse feeling than thinking you have insurance coverage, only to find you’re going to need to pay more out of pocket than you realized when something does go wrong. Double-check the fine print for the travel insurance coverage before relying on a credit card’s insurance perks. You’ll likely come across some potential exclusions.

Frequently asked questions (FAQs)

Travel insurance costs vary depending on the type of plan you select: Basic, middle tier or comprehensive. They also typically depend on factors like your trip’s total cost, how long you’re traveling for, where you’re traveling, how many people require coverage and travelers’ ages. In general, you can expect to pay anywhere from 4 percent to 11 percent of the total cost of your trip.

Consumers typically run into two primary problems with travel insurance: not having enough coverage or not actually qualifying for the coverage they do have. When dealing with travel insurance that you gain access to as a cardholder perk, you’ll want to read through your policy before booking your trip to ensure you know exactly what you have coverage for and whether you need any extra coverage. Take note of what your coverage limits are. For example, your credit card travel insurance may cover medical treatment, but there may be a limit as to how much they’re willing to cover. The type of vacation you take can also impact your insurance. Most basic travel insurance does not cover activities that can be viewed as dangerous, like skydiving or rock climbing, or it will contain exclusions for travel to specific areas, like those prone to extreme weather events or with current travel warnings. As for car rental insurance, your credit card coverage may not be applicable in certain countries, or it may not cover certain situations. Credit card car rental coverage is also usually secondary coverage, which means your credit card company only pays what your primary car insurance policy won’t cover. However, some premium travel credit cards do offer primary car insurance, like the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve.

You often need to pay for all travel expenses with an eligible credit card if you want to potentially use that card’s travel insurance offerings. In many cases, you’ll need to pay for the common carrier fare on the plane, train, bus or cruise ship you plan on traveling with in order to gain access to your travel insurance offerings. Note that some credit card providers may require you to book the entirety of your trip on their card, whereas others simply need you to book the main transportation to your destination in order to qualify. Because these requirements can vary so much, it’s important to confirm how to qualify for your insurance benefits before you book your trip.

The bottom line

Credit card travel insurance benefits can offer travelers solutions to frustrating and costly travel problems. Because you don’t need to pay for this cardholder perk, it’s a great bit of extra protection to have in your back pocket. However, if you’re spending a lot on an upcoming trip and you’re worried about travel issues that may require expensive solutions, then purchasing a separate travel insurance policy may be worth it.

Already planning your next vacation? Check out Bankrate’s travel toolkit for tips and tricks on how to maximize travel with a credit card.

Issuer-required disclosure statement For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

Do I need credit card travel insurance?

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How to Find the Best Travel Insurance

Elina Geller

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

Table of Contents

What travel insurance covers

How much does travel insurance cost, types of travel insurance, how to get travel insurance, what to look for in travel insurance, best travel insurance comparison sites, which insurance company is best for travel insurance, when to skip travel insurance, travel insurance, recapped.

Travel insurance can cover medical expenses, emergencies, trip interruptions, baggage, rental cars and more.

Cost is affected by trip length, pre-existing medical conditions, depth of coverage, your age and add-ons.

You can get it through credit cards or third-party companies, & can shop on travel insurance comparison sites.

Before buying, evaluate risks, know existing coverage, obtain quotes online and review policy details warily.

Skip it if you buy flexible airfare and hotels, already have coverage or only book refundable activities.

Booking travel always carries some degree of uncertainty. Travel insurance provides a safety net so you can step out with confidence. You may not need travel insurance for inexpensive trips, but it can provide a sense of security when you prepay for pricey reservations, a big international trip or travel during cold and flu season, which can be unpredictable.

According to insurance comparison site Squaremouth, travelers in 2023 spent an average of $403 for comprehensive coverage, compared to $96 for medical-only policies. Comprehensive plans typically cost between 5% and 10% of the insured trip cost.

Since that price tag is no small amount, it helps to know how to shop smart for travel insurance. Here's how to find the right travel insurance plan for you and your next adventure.

Depending on the type of coverage you’re looking for, the chart below will help you determine what to look for when selecting a policy:

Depending on the policy, travel insurance reimburses you or offers services when something goes awry. There’s even coverage for the worst-case scenario: if you die in an accident while traveling. Accidental death coverage pays your beneficiary a lump sum in that case.

Before you buy, take a little time to get familiar with different types of travel insurance products, how it’s priced, and what it covers and excludes. If you’re traveling during these uncertain times, you’ll want to make sure that the policy you select covers coronavirus-related emergencies. Usually, the more thorough the coverage, the more it will cost.

Travel insurance costs vary depending on:

Length and cost of the trip: The longer and more expensive the trip, the higher the policy cost.

Cost of local health care: High health-care costs in your destination can drive up the price of trip insurance.

Medical conditions you want covered: Conditions you already have will increase the cost of travel insurance coverage.

Amount and breadth of coverage: The more risks a policy covers, the more it will cost.

Your age: Generally the older you are, the higher the price.

Any optional supplement you add to your policy : Cancel For Any Reason , Interrupt For Any Reason and more.

Keep these factors in mind when considering different travel insurance options.

You’ll find a wide selection of travel protection plans when you shop for a policy.

Typically, travel insurance is sold as a package, known as a comprehensive plan, which includes a variety of coverage.

Here are seven of the most common types of travel insurance:

Travel medical insurance

These plans provide health insurance while you’re away from home. Although in some ways these policies work like traditional health plans, generally you cannot use travel health insurance for routine medical events. For example, a routine medical checkup is usually not covered. In addition, these policies often include limitations on coverage and exclusions for pre-existing conditions.

Although most travel insurance plans cover many recreational activities, such as skiing and horseback riding, they often exclude adventure sports, such as skydiving or parasailing, or competition in organized sporting events. You may need to buy a special travel policy designed for adventure or competitive sports.

International travel insurance

Most likely, your U.S.-based medical insurance will not work while you’re traveling internationally, and Medicare does not provide any coverage once you leave the United States outside of a few very specific exemptions. If you plan on traveling abroad, purchasing travel medical insurance could make a lot of sense.

» Learn more: Travel medical insurance: Emergency coverage while you travel internationally

Trip cancellation, interruption and delay

Trip cancellation coverage reimburses you for prepaid, nonrefundable expenses if the tour operator goes out of business or you have to cancel the trip for one of the covered reasons outlined in the policy, such as:

Your own illness.

The illness or death of a family member who’s not traveling with you.

Natural disasters.

Trip interruption insurance covers the nonrefundable cost of the unused portion of the trip if it is interrupted due to a reason outlined in the policy.

Trip delay coverage reimburses you for expenses such as lodging and meals if you’re delayed during a trip (e.g., your flight gets canceled due to weather ).

Many package policies cover all three. These policies are different from the cancellation waivers that cruise lines and tour operators offer, the Insurance Information Institute says. Waivers are cheap, ranging from $40 to $60, and often include restrictions. For example, according to the institute, waivers might not refund your money if you cancel immediately before departure. Waivers are technically not insurance policies.

Some companies offer additional layers of coverage at extra cost. “Cancel For Any Reason” coverage will reimburse a large part of the trip cost, no matter why you back out. And some companies let you pay extra to cover pre-existing conditions if you cancel for medical reasons.

Some insurers and comparison sites let you customize a policy by choosing types of coverage a la carte. For example, TravelInsurance.com is a comparison site that provides quotes from different providers.

Baggage and personal belongings

How does lost luggage insurance work? This coverage reimburses you for baggage and personal belongings that are lost, stolen or damaged during the trip. Some plans also reimburse you for extra expenses if you experience a baggage delay for more than a certain period, such as 12 hours.

Your renters or homeowners insurance may cover personal belongings while you are traveling. It’s best to review your homeowners insurance policy to determine the level of coverage it provides so you do not end up paying for a benefit you already have.

» Learn more: Baggage insurance explained

Emergency medical assistance, evacuation and repatriation

This coverage pays medical expenses if you get sick or injured on a trip . Medical evacuation coverage pays for transporting you to the nearest hospital, and medical repatriation pays for flying you to your home country.

» Learn more: Can I get travel insurance for pre-existing medical conditions?

24-hour assistance

This service is included with many package plans. The insurer provides a 24-hour hotline that you can call when you need help, such as booking a flight after a missed connection, finding lost luggage, or locating a doctor or lawyer.

Generally, travel insurance companies do not cover sports or any activity that can be deemed risky. If you’re thinking of incorporating adventurous activities into your vacation, choose a plan that includes adventure sports coverage.

Most travel insurers cover a wide array of services, but the specific options vary. Some plans include concierge services, providing help with restaurant referrals, tee time reservations and more. Many services also offer information before the trip, such as required vaccinations. The only way to know what’s included is to read the policy.

» Learn more: Should you insure your cruise?

Accidental death and dismemberment insurance

This coverage pays a lump sum to your beneficiary, such as a family member, if you die in an accident while on the trip. Accidental death and dismemberment insurance policies also pay a portion of the sum to you if you lose a hand, foot, limb, eyesight, speech or hearing. Some plans apply only to accidental death in a plane.

This coverage may be duplicative if you already have sufficient life insurance, which pays out whether you die in an accident or from an illness. You may also already have accidental death and dismemberment insurance through work, so it's best to check your policies to ensure you’re not overpaying.

» Learn more: NerdWallet's guide to life insurance

Rental car coverage

Rental car insurance pays for repairing your rental car if it’s damaged in a wreck, by vandals or in a natural disaster. The coverage doesn't include liability insurance, which pays for damage to other vehicles or for the medical treatment of others if you cause an accident and are held responsible.

Ask your car insurance company whether your policy will cover you when renting cars on the trip. U.S. car insurance policies generally don’t cover you when driving in other countries, except Canada.

Car insurance requirements are complex because they vary among countries. You can usually purchase liability insurance from the rental car company. Learn about car insurance requirements by searching for auto insurance by country on the U.S. Embassy website .

» Learn more: Best credit cards for rental car coverage

A note about single vs. long-term policies

Single trip insurance plans are a great option for those going on a single trip for a specific length of time (e.g., a two-week vacation) and then returning home. The price of the policy is usually determined by the cost of the trip.

Long-term travel policies cover you for multiple trips, but there are limitations to how long you can be away from home, if you can return home during your travels and how many trips you can take. In addition, trip cancellation and interruption coverage is either not offered or capped at a dollar amount that can be significantly below the total cost of all the trips taken during the covered period.

Long-term travel insurance plans — often called 'multi-trip' or 'annual travel insurance' — are a suitable option for those who travel often and are satisfied with the amount of trip cancellation coverage for all the trips they take over the duration of the policy.

» Learn more: How annual (multi-trip) travel insurance works

Below, we include how to obtain travel insurance, along with the pros and cons of each option.

Some credit cards offer trip cancellation and rental car insurance if you use the card to book the trip or car.

When you book a trip with your credit card, depending on the card you use, you may already receive trip cancellation and interruption coverage.

» Learn more: 10 credit cards that provide travel insurance

Here are a handful of credit cards with travel insurance benefits.

Chase Sapphire Preferred Credit Card

on Chase's website

Chase Sapphire Reserve Credit Card

on American Express' website

Chase Ink Business Preferred Credit Card

• Trip delay: Up to $500 per ticket for delays more than 12 hours.

• Trip cancellation: Up to $10,000 per person and $20,000 per trip. Maximum benefit of $40,000 per 12-month period.

• Trip interruption: Up to $10,000 per person and $20,000 per trip. Maximum benefit of $40,000 per 12-month period.

• Baggage delay: Up to $100 per day for five days.

• Lost luggage: Up to $3,000 per passenger.

• Travel accident: Up to $500,000.

• Rental car insurance: Up to $75,000.

• Trip delay: Up to $500 per ticket for delays more than 6 hours.

• Travel accident: Up to $1 million.

• Rental car insurance: Up to the actual cash value of the car.

• Trip delay: Up to $500 per trip for delays more than 6 hours.

• Trip cancellation: Up to $10,000 per trip. Maximum benefit of $20,000 per 12-month period.

• Trip interruption: Up to $10,000 per trip. Maximum benefit of $20,000 per 12-month period.

Terms apply.

Pros: Coverage is free.

Cons: You can’t customize the insurance to meet your needs. Most credit cards offer secondary car rental insurance, which pays for the costs not covered by your regular car insurance plan.

Travel agents and travel reservation sites

You can buy travel insurance when you book your flight, hotel and car rental.

Pros: Buying is as quick and easy as clicking “yes” when you book reservations. Coverage is inexpensive.

Cons: You can’t customize the coverage.

» Learn more: Airline travel insurance vs. independent travel insurance

Travel insurance comparison sites

You can compare different policies and review quotes at once based on the trip search criteria you’ve input into the search form. Examples include marketplaces like Squaremouth or TravelInsurance.com.

Pros: You can choose a policy that fits your needs and compare policies and pricing in one place.

Cons: Comparing multiple policies takes time.

Travel insurance companies

You can purchase travel insurance directly from an insurance provider.

Pros: You can choose a policy that fits your needs. Many travel insurer websites also offer information to help you understand the coverage.

Cons: You’ll need to go to multiple websites to compare coverage and pricing.

» Learn more: The best travel insurance companies right now

Keep these tips in mind when you’re considering a trip insurance policy.

Evaluate the financial risks you face when traveling. Can you bear those costs yourself, or do you want insurance?

Examine what coverage you already have: Does your credit card offer travel insurance? Do you have renters or homeowners insurance to cover belongings? What is the deductible? Will your health plan cover you in all the locations where you travel?

Get quotes for trip insurance online. Choose a package of the benefits you need and compare prices for similar coverage among carriers.

Narrow your choices and then read the policy fine print to understand what’s covered, what’s excluded and the limits on coverage. You may find that the lowest-priced policy is too restrictive and that paying a little more gets you the coverage you need. Or you might find that the cheapest, most basic policy fits the bill.

If you don’t know which provider to go with, it makes sense to browse a list of plans on a travel insurance comparison site. These online marketplaces will often include plans from the best travel insurance companies along with customer reviews.

Squaremouth

does pc mastercard have travel insurance

Compare plans from more than 30 providers.

Over 86,000 customer reviews of insurers.

Under its Zero Complaint Guarantee, Squaremouth (a NerdWallet partner) will remove a provider if any customer complaint isn't resolved to its satisfaction.

Has a filter option to see policies that provide COVID-coverage.

TravelInsurance.com

does pc mastercard have travel insurance

Compare plans from 13 providers.

See good and poor customer ratings and reviews for each insurer when you receive quotes.

“Learning Center” includes travel insurance articles and travel tips, including important how-to information.

Quotes provided from each provider include a link to COVID-19 FAQs, making it easy for customers to review what’s covered or not.

InsureMyTrip

does pc mastercard have travel insurance

Compare plans from more than two dozen providers.

More than 70,000 customer reviews.

“Anytime Advocates” help customers navigate the claim process and will work on behalf of the customer to help with appealing a denied claim.

Includes a link to plans that offer COVID coverage.

does pc mastercard have travel insurance

Compare plans from 11 providers.

Search coverage by sporting activity, including ground, air and water sports.

Many types of plans available for students, visiting family members, new immigrants, those seeking COVID quarantine coverage and more.

does pc mastercard have travel insurance

Compare different insurance plans from 35 providers.

Over 5,600 customer reviews on Trustpilot, with an average 4.9 stars out of five.

Formerly known as AardvarkCompare, AARDY includes a “Travel Insurance 101” learning center to help customers understand various policies and benefits.

Quote search results page includes COVID-coverage highlighted in a different color to make it easier for customers to review related limits.

Whether you’re looking for an international travel insurance plan, emergency medical care, COVID coverage or a policy that includes extreme sports, these providers have you covered.

Our full analysis and more details about each organization can be found here: The Best Travel Insurance Companies Today .

Allianz Global Assistance .

Travel Guard by AIG .

USI Affinity Travel Insurance Services .

Travel Insured International .

World Nomads .

Berkshire Hathaway Travel Protection .

Travelex Insurance Services .

Seven Corners .

AXA Assistance USA .

There are a few scenarios when spending extra on travel insurance doesn't really make sense, like:

You booked flexible airline tickets.

Your hotel room has a good cancellation policy.

It's already included in your credit card.

You haven't booked any nonrefundable activities.

» Learn more: When you don't need travel insurance

Yes, especially for nonrefundable trips and travel during the COVID-era. Whether you purchase a comprehensive travel insurance policy or have travel insurance from your credit card, you shouldn't travel without having some sort of travel protection in place to safeguard you and your trip. Travel insurance can protect you in case of an unexpected emergency such as a canceled flight due to weather, a medical event that requires hospitalization, lost luggage and more.

There are many good travel insurance policies out there and a policy that may be great for you may not be good for someone else. Selecting the best plan depends on what coverage you would like and your trip details.

For example, World Nomads offers a comprehensive travel insurance policy that has excellent coverage for adventure sports. Allianz provides coverage for trips of varying lengths of time through its single trip plans and multi-trip plans. Some providers offer add-on options like Cancel For Any Reason travel insurance. If you’re not sure which plan to go with, consider looking at trip insurance comparison sites like Squaremouth or Insuremytrip.

Yes, you can. However, it's better to purchase it sooner rather than later, ideally right after booking your trip because the benefits begin as soon as you purchase a policy.

Let’s say you’re going on a trip in a month and a week before departure, you fall and break your leg. If you’ve purchased a travel insurance policy, you can use your trip cancellation benefits to get your nonrefundable deposit back.

Most comprehensive travel insurance plans offer trip cancellation, trip interruption, emergency medical and dental, medical evacuation, trip delay and lost luggage coverage. Many plans offer COVID coverage, but you’ll always want to check to ensure that the policy you choose provides that benefit if you’re traveling during these times. Some plans may also allow you to add features like Cancel For Any Reason travel insurance.

It depends which credit card you have. Premium travel cards like the Chase Sapphire Reserve® and The Platinum Card® from American Express offer travel insurance benefits if you book a trip using your card or points.

However, the coverage provided by the credit cards is usually lower than if you purchased a standalone policy. Review the travel insurance benefits on your credit card and check that the limits are adequate before foregoing from purchasing a separate plan.

Let’s say you’re going on a trip in a month and a week before departure, you fall and break your leg. If you’ve purchased a travel insurance policy, you can use your

trip cancellation benefits

to get your nonrefundable deposit back.

It depends which credit card you have. Premium travel cards like the

Chase Sapphire Reserve®

The Platinum Card® from American Express

offer travel insurance benefits if you book a trip using your card or points.

Unpredictability is one of the mind-opening joys of travel, but travel insurance should contain no surprises. The time you spend to understand your options will be well worth the peace of mind as you embark on your next adventure.

Whether you’re seeking a single or a long-term policy, each travel insurance option offers different strengths and weaknesses. Choosing the right policy depends on your trip needs, your budget and how important various benefits are to you.

Keep reading

If you want to dig in deeper to world of travel insurance, these resources will point you in the right direction.

What is travel insurance? How much is travel insurance? Is travel insurance worth it? What does travel insurance cover? Does travel insurance cover COVID?

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024 , including those best for:

Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card

No annual fee: Bank of America® Travel Rewards credit card

Flat-rate travel rewards: Capital One Venture Rewards Credit Card

Bonus travel rewards and high-end perks: Chase Sapphire Reserve®

Luxury perks: The Platinum Card® from American Express

Business travelers: Ink Business Preferred® Credit Card

1x-10x Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases

60,000 Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®.

1x-5x 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases.

60,000 Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®.

Chase Southwest Rapid Rewards® Plus Credit Card

1x-2x Earn 2X points on Southwest® purchases. Earn 2X points on local transit and commuting, including rideshare. Earn 2X points on internet, cable, and phone services, and select streaming. Earn 1X points on all other purchases.

30,000 Limited-time offer: Earn Companion Pass® good through 2/28/25 plus 30,000 points after you spend $4,000 on purchases in the first 3 months from account opening.

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These are the 4 best family travel insurance plans

Find coverage that fits your family's travel plans with these four companies..

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Family vacations are a special time, and ensuring they go smoothly is essential to making memories that will last forever. Travel insurance is one way to ensure that any bumps in the road can be smoothed over, from a lost bag to an injury abroad.

CNBC Select reviews the best travel insurance plans for families based on coverage, cost and plan variety. (See our methodology for more information on how we choose the best family travel insurance companies.)

Best family travel insurance  

  • Best for families with young children : Allianz   
  • Best for affordability : Faye   
  • Best for CFAR coverage : Travel Insured International  
  • Best for cruises : Berkshire Hathaway Travel Protection  

Best for families with young children 

Allianz travel insurance.

The best way to estimate your costs is to request a quote

Policy highlights

10 travel insurance plans make it possible to customize your coverage. For families, Allianz's OneTrip Prime package covers children age 17 and younger when traveling with a parent or grandparent.

24/7 assistance available

  • Trip cancellation benefits can reimburse your prepaid, nonrefundable trip payments if you have to cancel your trip for one of the covered reasons stated in your plan documents. 
  • Limited coverage for risky sports

Who's this for? Allianz is great for families with young children as its OneTrip Prime travel insurance policy offers free coverage for children ages 17 or under when traveling with a parent or grandparent. Though this benefit isn't available to Pennsylvania residents, it could help families with younger children lower the cost of their travel insurance coverage.  

Standout benefits:  Allianz's cancel for any reason (CFAR) coverage has an enhanced version available that can cover up to 80% of trip expenses if you have to cancel for a reason that's not covered.  

[ Jump to more details ]  

Best for affordability 

Faye travel insurance.

Faye offers travel insurance with a convenient online buying experience and an app with real-time travel alerts. It's one simple plan includes coverage for common issues, like trip cancellation, emergency medical expenses and trip delay coverage. It also offers coverage for pre-existing medical conditions when plans are purchased within 14 days of an initial trip deposit.

  • Covers Covid like any other medical condition
  • CFAR is available for up to 75% of trip costs for an additional cost.
  • Additional coverage options like vacation rental damage coverage and pet care coverage.
  • Not all benefits are available in all states.

Who's this for?  Faye travel insurance stands out for families on a budget. Its policies start at just $4.64 per day (for 14 days) for domestic trips and $5.16 per day (for 14 days) for international trips. It's also great for those who want a completely digital experience and would rather manage a policy through an app than an agent or by phone.

Standout benefits:  Faye's intuitive interface makes it easy to get travel insurance coverage on your own time, and quotes are available entirely online. On top of the standard trip delay, cancellation and interruption coverage, you can purchase CFAR coverage, coverage for adventure and sports activities and a pet care add-on, which can cover illness or injury for your pet when traveling with you, or extra kenneling costs if your trip is delayed if you leave your pet at home.  

Best for CFAR coverage 

Travel insured international travel insurance.

Travel Insured International has two simple travel insurance plans — the Worldwide Trip Protector and Worldwide Trip Protector Gold. Its plans are affordable and offer the option of cancel for any reason (CFAR) coverage.

  • Optional CFAR coverage and interruption for any reason coverage
  • Medical coverage can be lower than other options

Who's this for?  Travel Insured International could be a great fit for families looking for the flexibility of a CFAR addition to ensure they'll be covered for any reason they need to cancel. The company's wide variety of reasons for cancellation includes coverage for school year extensions with all plans.  

Standout benefits:  Travel Insured International's Worldwide Trip Protector can cover all children 17 and under for free when traveling with related adults.  

Best for cruises  

Berkshire hathaway travel protection.

Berkshire Hathaway Travel Protection has multiple plans to cover vacations from luxury travel to adventure travel. The brand's LuxuryCare offers the highest limits of travel insurance coverage offered by the company. Quotes and policies are available online.

  • Wide variety of policies available
  • Strong financial strength rating by AM Best
  • Cancel for any reason only provides reimbursement for up to 50% of non-refundable trip payments

Who's this for?  Berkshire Hathaway Travel Protection offers cruise-specific packages for families setting sail on a cruise.  

Standout benefits:  Cruise plans include coverage for missed connections and unique challenges you could face on a cruise vacation, like cruise disablement and diversion. 

More on our top family travel insurance companies 

Allianz offers 10 different travel insurance policies for travelers and trips of all types, including single-trip and multi-trip coverage. It also offers quotes and claims online, making the experience simple.  

CFAR coverage available?  

Yes, up to 80% of prepaid, non-refundable trip costs 

24/7 assistance?  

[ Return to summary ]  

While relatively new to the space, Faye's travel insurance plans combine affordability and easy access. Policies are backed by the United States Fire Insurance Company.  

Yes, up to 75% of prepaid, non-refundable trip costs 

Travel Insured International 

Travel Insured International has been offering travel insurance for over 25 years. It has two tiers of coverage (available in most states) that can help you meet all your travel protection needs.  

Berkshire Hathaway Travel Protection 

Berkshire Hathaway Travel Protection offers several tiers of travel protection and insurance, including packages specifically designed for road trips and cruises. Its strong A++ financial strength rating also helps it stand out against the competition.  

Up to 50%, only available on LuxuryCare packages 

Does travel insurance cover family members?  

Generally, you can insure your whole family on one travel insurance plan, so you won't have to buy separate plans for every traveler. Your travel insurance plan will cover every person listed on the policy.  

Does travel insurance cover cancellation due to a death in the family? 

In many cases, travel insurance can help you recoup the cost of your vacation if you have to cancel due to a death in your family. However, you'll want to carefully read your policy's definition of a family member, as not everyone in your life could be included.  

Bottom line

A family vacation can be a big investment, so it's important to protect yourself in case anything goes awry. Having a travel insurance plan that's easy to access, provides 24/7 support and fits your specific travel concerns and budget can help ensure your trip will go smoothly.

Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox.  Sign up here .

Why trust CNBC Select? 

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every travel insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of travel insurance products. To research the best travel insurance companies, we compiled over 100 data points on more than a dozen travel insurance companies. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best travel insurance companies. 

Our methodology  

To determine the best travel insurance companies, CNBC Select analyzed dozens of travel insurance companies and compared them based on various factors. 

While narrowing down the best travel insurance companies, we focused on the number of plans available, the availability of 24/7 assistance to access while traveling, coverage for Covid-19, the availability of cancel for any reason coverage, and financial strength (which measures a company's ability to pay on contracts) using A.M. Best ratings. We also considered family-friendly features, such as the inclusion of children on policies for free with parent's coverage, and reasons for cancellation, including school year extension as a reason for cancellation.  

Note that the premiums and policy structures advertised for travel insurance companies are subject to fluctuate in accordance with the company's policies.  

Catch up on CNBC Select's in-depth coverage of credit cards , banking and money , and follow us on TikTok , Facebook , Instagram and Twitter to stay up to date.  

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IMAGES

  1. Everything About Travel Insurance by Credit Card

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  2. PC Financial Mastercards reviewed: Everything you need to know

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  3. PC Financial Mastercard Reviews 2022: No Annual Fee Credit Cards in Canada

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  4. annual worldwide travel insurance

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  5. Best PC Financial Credit Cards

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  6. PC Financial Mastercard App Download for iPhone, Android

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VIDEO

  1. Why you must have Travel Insurance on a cruise ship

  2. Making Priceless Possible: Our People

COMMENTS

  1. PC® Mastercard® benefits details

    Free access to PC Express™ Pass. PC Express™ Pass is a monthly or annual subscription plan that gives you $0 pickup or delivery on same-day or future PC Express™ online grocery orders of $35 or more for the duration of the plan. Annual subscription fee of $99.99, plus applicable taxes is waived for PC Insiders™ World Elite Mastercard ...

  2. PDF Guide to Benefits for MasterCard Cardholders

    below does not apply. ELIGIBILITY This travel insurance plan is provided to MasterCard cardholders automatically when the entire cost of the passenger fare(s) are charged to a MasterCard account while the insurance is effective. It is not necessary for you to notify your financial institution, the administrator or the Company when tickets are

  3. PC® Mastercard® benefits details

    Card Benefits exclusive to PC Financial Mastercard. Card Benefits exclusive to PC Financial Mastercard Dismiss ...

  4. How Do Benefits Differ For The 3 PC Mastercards?

    How Do Benefits Differ For The 3 PC Mastercards? | PC Financial. Learning Hub. FAQs. PC Mastercard 101.

  5. Is PC Financial travel Insurance good? Review 2024

    PC World Elite MasterCard travel insurance provides up to $1,000,000 coverage for various emergency medical expenses during your travel including doctor charges, accidental dental care, return airfare, and more. It also has car rental loss/damage and baggage coverage among others. It is important to read the offer documents of your card carefully.

  6. Does PC MasterCard have trip cancellation insurance?

    Does PC MasterCard have trip cancellation insurance? Does PC MasterCard have trip cancellation insurance - PC Financial offers travel emergency insurance but do not offer trip cancellation insurance.Please review the certificate of insurance for details. Our experts have compiled a list of the best cards in Canada in each major category, from cash back and low rate to

  7. PC Financial World Elite Mastercard

    Perks & Benefits. The PC Financial World Elite Mastercard has no meaningful perks or benefits to speak of. Insurance Coverage. The card has a modest insurance package, including emergency medical insurance for trips up to 10 days, and standard extended warranty and purchase protection.. It also includes rental car collision insurance for cars up to an MSRP of $65,000.

  8. PDF Guide to Benefits for MasterCard Cardholders

    MasterCard® Cardholders Worldwide Automatic Travel Accident, Baggage Delay, Medical Evacuation & Repatriation, & Trip Cancellation/ Interruption Insurance [Door-to-Door (24 hour Coverage)] This benefit will also include a guaranteed payment of up to $5,000 for hospital admission; family travel

  9. President's Choice Financial® World Elite MasterCard® Review

    Insurance: Good. Unlike the other two PC Financial Mastercards, the PC Financial® World Elite MasterCard® comes with a few insurance features, including: 10 days of travel emergency medical insurance (under age of 65) For a no-fee card, you get some decent additional insurance. The 10 days of travel emergency medical insurance will cover you ...

  10. Mastercard Credit & Debit Card Benefits

    3. Offer expires 09/30/2024. New customers who pay for their first annual McAfee Total Protection for Mastercard subscription using an eligible Canada-issued Mastercard credit card will receive a special introductory price on a 13-month subscription term. Customers will also receive 13 months of McAfee TechMate at no additional cost.

  11. PDF MasterCard Guide to Benefits for Credit Cardholders

    Travel Assistance Services Important information. Please read and save. ... the MasterCard Assistance Center at 1-800-MasterCard: 1-800-627-8372, or en Español: 1-800-633-4466. ... If you have no other insurance or your insurance does not cover coverage is considered primary coverage. ! 3! D. Who is covered:

  12. PC World Elite Mastercard

    Learn more about the PC Mastercard, PC World Mastercard and PC World Elite Mastercard. ... Travel Emergency Medical Insurance TM. For trips up to 10 days from date of departure, for those under age 65. Learn more. Car Rental Collision/Loss Damage Waiver Insurance. Collision damage and theft protection for your car rental needs.

  13. Should you get travel insurance if you have credit card protection

    Some cards don't provide any special travel protections. But, many of the best travel rewards cards offer travel protections. Here's a look at our guides about some of the most common credit card travel protections: Trip delay reimbursement. Baggage delay reimbursement. Trip cancellation and interruption insurance.

  14. Mastercard Benefits

    Digital, shopping and everyday insurance benefits that bring peace of mind to Mastercard cardholders. Submit a claim, check your claim status and learn more about your Mastercard insurance benefits online.

  15. PC Financial Mastercard world elite travel insurance

    Spudd. For packages, most tour operators sell a cancellation insurance that is not age-dependent. Runs usually $50 pp for the cheap coverage (gives you future vacation credit rather than your money back) or $100 pp for the better coverage (cancel for any reason, full refund, up to 24 hours before travel).

  16. Credit card travel insurance: When it will and won't help

    Cards like the Capital One Venture X Rewards Credit Card, Chase Sapphire Preferred Card, Ink Business Preferred Credit Card and The Platinum Card® from American Express provide excellent travel protections. But, I believe the Chase Sapphire Reserve provides the best travel insurance overall. In this guide, I'll discuss how the benefits offered ...

  17. PC Insiders World Elite Mastercard Review 2024

    PC Insiders World Elite Travel Insurance Benefits. Unlike the other two credit cards offered by President's Choice Bank, the PC Financial World Elite offers travel insurance benefits, including: ... The PC Financial World Elite MasterCard does NOT have true concierge service. I have called their concierge to try to book tickets to an event ...

  18. No Fee PC Mastercard and PC Money Account

    No Fee PC Mastercard and PC Money Account | PC Financial

  19. PC Financial World Elite Mastercard Review

    The PC Financial World Elite Mastercard is the best card to have if you're looking to earn more PC Optimum points. You get an increased earning rate at Loblaws-owned grocery stores, Shoppers Drug Mart, and Esso/Mobil gas stations. In addition, PC Optimum is one of the best loyalty programs since there are multiple ways to earn and redeem points. Plus, the program has recently added additional ...

  20. PDF Guide to Benefits for MasterCard Cardholders

    Benefits are provided to you, the accountholder, at no additional charge. Non-insurance services may have associated costs, which will be your responsibility (for example, legal referrals are free, but the lawyer's fee is your responsibility). The insurance benefits are provided under a group policy issued by New Hampshire Insurance Company,

  21. Do I need credit card travel insurance?

    Credit card travel insurance benefits can offer travelers solutions to frustrating and costly travel problems. Because you don't need to pay for this cardholder perk, it's a great bit of extra ...

  22. How to Find the Best Travel Insurance

    Travel insurance can cover medical expenses, emergencies, trip interruptions, baggage, rental cars and more. Cost is affected by trip length, pre-existing medical conditions, depth of coverage ...

  23. What benefits do I enjoy with the PC Insiders World Elite Mastercard?

    Enjoy unlimited $0 online grocery delivery and pickup on eligible orders of $35 or more with a complimentary PC Express™ Pass (valued at $99.99 per year). Additional Cardholders. Travel Emergency Medical Insurance. Purchase Assurance. Extended Warranty. Car Rental Collision/Loss Damage Waiver Insurance. Identity Theft Assistance Services.

  24. 4 Best Family Travel Insurance Plans of 2024

    Faye offers travel insurance with a convenient online buying experience and an app with real-time travel alerts. It's one simple plan includes coverage for common issues, like trip cancellation ...

  25. How Do I Set A Travel Notice?

    Steps (Desktop): Sign into your online account. Click on your profile photo (in the top right corner) Click "My Profile". Click "Set travel notice". Follow the on-screen prompts to set your travel notice. Steps (Mobile App): Sign into your mobile app. Click on the More Menu icon on the bottom right of the navigation bar.