For Canadians who frequently travel, a credit card that offers comprehensive travel insurance and airport lounge access can greatly enhance their travel experience while providing valuable protection. With numerous credit card options available, it’s crucial to evaluate and compare the travel insurance coverage, lounge access benefits, and rewards programs to find the perfect card for your needs. This article will guide you through the best Canadian credit cards with travel insurance and airport lounge access in 2023.
Best Canadian Credit Cards with Travel Insurance and Airport Lounge Access
- American Express Platinum Card
Annual Fee: $699 Rewards Rate: Up to 3 Membership Rewards points per $1 spent
The American Express Platinum Card is a premium travel card offering exceptional benefits, including extensive travel insurance coverage and unparalleled airport lounge access. Cardholders earn 3 Membership Rewards points per $1 spent on eligible dining and travel purchases and 2 points per $1 spent on all other purchases.
The card’s travel insurance package includes emergency medical coverage, trip cancellation and interruption insurance, lost and delayed baggage coverage, and travel accident insurance, among other benefits. The Platinum Card also grants access to over 1,200 airport lounges worldwide through the American Express Global Lounge Collection, including Priority Pass, Centurion, and Delta Sky Club lounges.
- BMO World Elite Mastercard
Annual Fee: $150 (waived for the first year) Rewards Rate: Up to 3 BMO Rewards points per $1 spent
The BMO World Elite Mastercard is a popular travel rewards card that provides comprehensive travel insurance coverage and complimentary airport lounge access. Cardholders earn 3 BMO Rewards points per $1 spent on eligible travel, dining, and entertainment purchases, and 2 points per $1 spent on all other purchases.
The card’s travel insurance package includes out-of-province and out-of-country emergency medical coverage, trip cancellation and interruption insurance, and car rental collision and loss damage insurance, among other benefits. Cardholders also receive a complimentary Priority Pass membership, which includes 4 annual lounge visits.
- TD Aeroplan Visa Infinite Card
Annual Fee: $139 (rebate available for the first year) Rewards Rate: Up to 1.5 Aeroplan points per $1 spent
The TD Aeroplan Visa Infinite Card offers a competitive travel rewards program, along with a comprehensive travel insurance package and airport lounge access. Cardholders can earn 1.5 Aeroplan points per $1 spent on eligible grocery, gas, and Air Canada purchases and 1 point per $1 spent on all other purchases.
The card’s travel insurance coverage includes emergency travel medical insurance, trip cancellation and interruption insurance, lost and delayed baggage coverage, and travel accident insurance. Additionally, cardholders receive a complimentary Priority Pass membership with a 50% discount on lounge visits.
- CIBC Aventura Visa Infinite Card
Annual Fee: $139 (waived for the first year) Rewards Rate: Up to 2 Aventura points per $1 spent
The CIBC Aventura Visa Infinite Card is a versatile rewards card with a strong travel insurance package and airport lounge access. Cardholders earn 2 Aventura points per $1 spent on eligible travel booked through the CIBC Rewards Centre, 1.5 points per $1 on eligible gas, grocery, and pharmacy purchases, and 1 point per $1 on all other purchases.
The card’s travel insurance benefits include emergency medical coverage, trip cancellation and interruption insurance, lost and delayed baggage coverage, and travel accident insurance. Cardholders also enjoy a complimentary Priority Pass membership with four annual lounge visits.
Conclusion
For Canadian travelers seeking comprehensive travel insurance coverage and airport lounge access, the credit cards listed in this guide offer a variety of benefits, rewards programs, and valuable perks. By carefully evaluating each card’s features and aligning them with your travel preferences and spending habits, you can maximize your rewards and enjoy a more comfortable and secure travel experience.
When selecting a travel credit card, consider factors such as annual fees, rewards earning rates, travel insurance coverage, lounge access benefits, and additional cardholder perks. By doing so, you can find a card that not only enhances your travel experience but also provides peace of mind through extensive insurance coverage.
Remember to use your travel credit card responsibly and pay off your balance in full each month to maintain a healthy credit score and avoid interest charges. With the right travel credit card and responsible usage, you can travel in style and security, making the most of your adventures both in Canada and abroad.
