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Free travel insurance with credit cards

Save on holiday costs and get peace of mind with a credit card that includes travel insurance.

Free insurance is a popular credit card feature that can protect you when you travel and also when you make purchases with your card. If you are already using your credit card, it can save you time and money as long as you get the appropriate cover in place.

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.

Compare credit cards with free travel insurance

Name Product Reward Cashback Offer Annual Fee Min Income - Singaporean and PR
American Express True Cashback Card
Enjoy 1.5% cashback on all purchases with no minimum spend or cap. Plus receive up to $80 CapitaVouchers when a minimum spend of $250 is made in the first month.
Earn 1.5% cashback on all eligible spending with no minimum spend or cap
$0 annual fee for the first 1 year and $171.20 thereafter
$30,000
Apply today and get a 3% Cashback bonus when you spend $5,000 in the first six months.
American Express Singapore Airlines KrisFlyer Credit Card
For every $1 spent, earn 1.1 KrisFlyer miles on all eligible purchases, 2 KrisFlyer miles in foreign currency spent overseas during June & December and 3.1 KrisFlyer miles on eligible Grab Singapore transactions.
$150 cashback for use at singaporeair.com when you spend a minimum of $12,000
$0 annual fee for the first 1 year and $176.55 thereafter
$30,000
Get up to 5,000 KrisFlyer miles with a minimum spend of $1,000 in the first 2 months and an additional complimentary one-night stay at Hilton Singapore Orchard (worth up to $418++) if you are new to American Express. Valid until 10 July 2022. Also, receive 1,100 KrisFlyer miles based on the $1,000 spending above (based on 1.1 KrisFlyer miles per $1 spent locally). T&Cs apply.
HSBC Revolution Credit Card
Earn up to 10X Reward points or 4 miles per $1 spent on qualifying purchases.
Receive up to $200 cashback. T&Cs apply. Ends 30 April 2022.
$0 annual fee
$30,000
New cardholders can choose from a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth $670) or $200 cashback upon $500 minimum spend. Plus, receive up to $150 cashback when you apply for supplementary cards. Existing HSBC credit cardholders are eligible to receive $50 cashback. T&Cs apply. Ends 31 Dec 2022.
American Express Platinum Credit Card
Up to 50% off your food bill for unlimited visits at hotels around Singapore
N/A
$321 annual fee
$80,000
Get a complimentary 1-night stay at Conrad Centennial Singapore (worth up to $300+) with a minimum spend of $3,000 in your first 2 months of card membership, and an additional $100 worth of CapitaVouchers upon annual fee payment. Also, receive 3,750 Membership Rewards points from your base earn rate for the $3,000 spent. T&Cs apply. Valid until 10 July 2022.
American Express Singapore Airlines KrisFlyer Ascend Credit Card
For every $1 spent, earn 1.2 KrisFlyer miles on local purchases, 2 KrisFlyer miles on overseas spend in June and December, Singapore Airlines and KrisShop and 3.2 KrisFlyer miles on Grab.
N/A
$337.05 annual fee
$50,000
Get a complimentary one-night stay at Hilton Singapore Orchard (worth up to $418++) upon annual fee payment, an additional one-night stay at Hilton Singapore Orchard (worth up to $418++) when you spend $3,000 within the first three months. Valid until 10 July 2022. Also, earn 3,600 KrisFlyer miles based on the $3,000 spend above (based on 1.2 KrisFlyer miles per $1 spent locally). T&Cs apply.
HSBC Advance Credit Card
Receive up to $200 cashback when minimum spend requirements are met.
Enjoy up to 3.5% cashback on all purchases with no minimum spend
$0 annual fee for the first 1 year (permanently waived for HSBC Advance banking customers) and $192.60 thereafter
$30,000
New cardholders can choose from a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth $670) or $200 cashback upon $500 minimum spend. Plus, receive up to $150 cashback when you apply for supplementary cards. Existing HSBC credit cardholders are eligible to receive $50 cashback. T&Cs apply. Ends 31 Dec 2022.
Citi Cash Back Card
Get up to 20.88% fuel discounts at Esso and Shell, 6% cashback on dining and 8% cashback on groceries.
6% cash back on dining, 8% cashback on groceries and petrol transactions. 0.25% cashback on other retail purchases, capped at $80 for all transactions per statement month.
$0 annual fee for the first 1 year and $192.60 thereafter
$30,000
Get a welcome gift of $300 cash back when you spend $800 in the first two months. T&Cs apply. Ends 31 July 2022.
Citi Rewards Credit Card
10X Rewards on eligible online (except travel), fashion shopping, department stores, taxi/ride hailing apps, food delivery and online groceries, capped at 9,000 points per statement month.
1X Rewards for other retail purchases.
Up to 26% cashback at selected merchants
$0 annual fee for the first 1 year and $192.60 thereafter
$30,000
Get up to 30,000 Citi Thank You points when you spend $3,000 in the first 3 months. T&Cs apply. Ends 31 July 2022.
Citi PremierMiles Card
Earn 1.2 Citi Miles for every $1 spent locally and 2 Citi Miles for every $1 spent overseas.
Up to 20% cashback at selected merchants
$192.60 annual fee
$30,000
New cardholders can earn 25,000 Citi Miles as a welcome bonus upon payment of the annual fee and $800 minimum spend requirement within two months from date of card approval. Alternatively, cardholders can get 5,000 Citi Miles as a welcome bonus if the $800 minimum spend requirements are met within two months from date of card approval. T&Cs apply. Ends 31 July 2022.
Citi Prestige Card
Deals and discounts in more than 90 countries. Also, get six complimentary golf games across Asia
Up to 20% cashback at selected merchants
$535 annual fee
$120,000
Receive 100,000 ThankYou Points (40,000 Miles) when you pay the annual fee ($535) and spend $800 within two months. T&Cs apply. Valid until 31 July 2022.
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Is free credit card travel insurance really free?

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.

What are the types of free travel insurance?

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:

  • Medical and hospital expenses incurred overseas. This insurance helps cover the cost of medical fees and hospital bills if you require emergency treatment when you are overseas. Generally, exclusions for this type of travel insurance include pre-existing medical conditions, conditions already covered by a private medical fund or government funds, or treatment that is not administered by a medical professional.
  • Loss or damage to personal property. This cover is designed to offer you compensation for your luggage and other personal items are lost, damaged or stolen. It usually has a maximum limit per person, per trip, and will generally require the submission of a police report before you are approved for a claim.
  • Cancellation of travel arrangements. This insurance usually covers travel cancellations that may be due to unforeseen circumstances such as the accidental death of a relative, the sudden illness of a family member, or a natural disaster at the destination or near your normal residence.
  • Travel inconvenience cover. With this insurance, additional meals and accommodation costs are covered if the delay of flight is more than a few hours. Flight cancellation, delayed flight boarding and loss of luggage may also be covered.
  • Transport accident cover. This provides cover for accidents during travel or when you are boarding or leaving a commercial aircraft, cruise ship or bus. It may also cover any loss in departure and destination terminals.
  • Legal liability cover. Some cards also provide legal liability cover which can settle or defend a claim in case of bodily harm or damage of property caused to someone other than the cardholder.

What if I’m over the credit card travel insurance policy’s age limit?

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.

Examples of credit cards with travel insurance in Singapore

ProviderCredit cardTravel cover limit
DBSDBS AltitudeUp to S$1,000,000
CitiCiti PremierMiles VisaUp to S$1,000,000
UOBUOB PRVI MilesUp to S$500,000
CIMBCIMB Visa SignatureUp to S$500,000
AmexAmex Singapore Airlines KrisflyerUp to S$350,000

What should I be aware of when comparing free travel insurance?

Some of the other factors you’ll want to take into account with complimentary credit card travel insurance include:

  • Eligibility and activation of insurance. Make sure that you’re eligible for the cover and that the terms and conditions of the policy suit your needs. Credit card providers also usually require you to activate the policy in some way. For most cards, you will “activate” or become eligible for insurance by purchasing your return travel ticket using your credit card. Others may require you to log in to your account online and fill out a simple form to activate your policy before each trip.
  • Length of travel. Most credit card complimentary travel insurance policies will cover trips of between three and six months in length. Make sure you consider the specific coverage length offered by your card when you first start planning your trip. If you plan to travel for longer, you may be able to request an extension (for a fee).
  • Levels of coverage. Some credit card companies provide travel insurance for several cards and offer different levels of coverage based on the account you have. Different claim limits and excesses may also apply, so make sure you check what level of coverage your card offers when referring to the insurance policy booklet.
  • Terms and conditions. While this may be a tedious practice, reading the terms and conditions is crucial to ensure you understand the opportunities and boundaries of your insurance. If you have any doubt about your cover after referring to such documents, you may wish to contact the insurance provider directly.

How to compare credit cards with free travel insurance

If you’re interested in getting a credit card with complimentary travel insurance, make sure you also consider the following factors:

  • Annual fee. Credit cards that offer a lot of perks, including complimentary insurance, tend to have higher annual fees than low rate or no-frills options. While these benefits can offset the cost of the annual fee, remember that they will only add value if you actually use them. Explore your options with credit cards that have no annual fee.
  • Interest rates. Standard variable interest rates on credit cards with travel insurance range from about 15% p.a. to 25% p.a. Make sure you factor in the potential cost of both the purchase rate and cash advance rate – especially if you have to purchase your travel to activate the policy or if you think you may carry a balance from time to time.
  • Travel insurance policy details. The type of coverage, eligibility and activation requirements are all important factors to consider when you’re comparing cards that offer travel insurance. Reading through the policy details provided for each credit card you consider can help you choose a credit card that will offer the right level of coverage for you.
  • Currency conversion fee. If you also plan to use your credit card overseas, make sure you check the currency conversion or international transaction fee. This is usually a charge worth 2-4% of each transaction made in another currency, so the costs can quickly add up. You may even want to consider cards with 0% foreign fees for overseas spending to help keep your additional expenses in check.
  • Rewards. There are many rewards credit cards that also offer complimentary travel insurance. These products earn points for your everyday card spending, which could then be redeemed for flights, fare upgrades or a wide range of other rewards.
  • Other extras. Credit cards that include travel insurance may also provide complimentary insurance for purchases, interstate flight inconvenience insurance and price-matching services. Some top-end platinum and black cards also provide travel benefits such as flight vouchers and airport lounge access that can add even more value to the card you choose. Just remember to consider the card costs when factoring in these perks.

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The pros and cons of credit cards with travel insurance promotions

Pros

  • Provides essential travel cover. If you’re travelling overseas, you’ll need to organise travel insurance. Complimentary insurance could provide you with the cover you’ll need if you run into an unforeseen emergency while overseas.
  • Save time and money. If you decide to take advantage of your card’s complimentary insurance, this can save you the time and money required to organise external cover.
  • Cover for family. Most credit cards with included travel insurance will also cover your spouse and any dependents travelling with you, providing they also meet the activation requirements of the policy.

Cons

  • Higher price tag. Most credit cards that offer complimentary travel insurance are premium products that have high annual fees when compared to other options. Plus, you may be required to use your card to pay for a certain amount of the trip to activate the insurance.
  • Less value for infrequent travellers. If you only travel every now and then, the cost of the annual fee could outweigh the value you get from the complimentary insurance. Before choosing this type of card, consider how frequently you will use it and whether a standalone policy could be more cost-effective based on your travel habits.
  • Exclusions and excesses. Just as with any insurance policy, there are exclusions and excesses that may apply for complimentary credit card travel cover. Always read the policy documents beforehand, so you know what you are covered for and how much you will have to pay if you need to make a claim.

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.

Bottom line

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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