Looking for more comprehensive travel cover?
If you’d like to receive more comprehensive cover than your card’s complimentary insurance, you can compare comprehensive standalone policies from travel insurance issuers in Singapore for more options.
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Use this guide to compare your options when it comes to credit cards with travel insurance. Plus, learn what you should look out for in the policy terms and conditions.
Free travel insurance refers to the insurance cover that is included with some of the best credit cards. The travel insurance could be an included feature of the card, but that doesn’t mean it’s exactly free. Technically, it comes at the cost of the card, which includes interest rates and other charges such as an annual fee. Some travel insurance covers can only be activated once you’ve met specific spend requirements, as well.
Having said that, complimentary or included insurance doesn’t have its own fee, which means it is at “no extra cost”. So, this type of credit card add-on can reduce the cost of any unforeseen emergencies that may pop up while you’re on holiday.
Different credit cards provide different levels of free travel insurance. It is important to look at the terms and conditions of the card to ensure you know what you are covered for and how much coverage applies. The cover will vary according to which card you use and the policy itself, so make sure you look at the overall cover, coverage limits and any excess applicable to decide if it’s suitable for your trip. Different types of free travel insurance include:
If you’re over the age specified for full coverage with your credit card’s complimentary insurance, it may still be possible to get limited coverage. Contact the insurance provider directly to find out your options. Alternatively, you may want to buy a policy designed specifically for people aged 65 or older.
Provider | Credit card | Travel cover limit |
---|---|---|
DBS | DBS Altitude | Up to S$1,000,000 |
Citi | Citi PremierMiles Visa | Up to S$1,000,000 |
UOB | UOB PRVI Miles | Up to S$500,000 |
CIMB | CIMB Visa Signature | Up to S$500,000 |
Amex | Amex Singapore Airlines Krisflyer | Up to S$350,000 |
Some of the other factors you’ll want to take into account with complimentary credit card travel insurance include:
If you’re interested in getting a credit card with complimentary travel insurance, make sure you also consider the following factors:
If you’d like to receive more comprehensive cover than your card’s complimentary insurance, you can compare comprehensive standalone policies from travel insurance issuers in Singapore for more options.
If you travel regularly, a credit card with complimentary travel insurance could help you save time and money on additional expenses. As the level of cover and the eligibility requirements will vary according to the card and insurance issuer, it’s important to compare your options and read the terms and conditions so you can feel assured you have a card with enough insurance for you.
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