Complimentary travel insurance with credit cards

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

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Travel insurance is designed to help cover unexpected costs that can come up when you’re on a trip. While it offers peace of mind, it can also be expensive to purchase. But credit cards with complimentary travel insurance give you an opportunity to enjoy your trip while also getting the coverage you need without the cost of buying insurance outright. Depending on the card, there will be different eligibility requirements and complimentary insurances on offer.

To make sure you receive the appropriate cover and get the most value out of complimentary insurance, use this guide to compare your options and discover what you should look out for in the terms and conditions.

Compare credit cards with complimentary travel insurance

Name Product Balance Transfer Rate Reward Annual Fee Min Income - Singaporean and PR Contactless Payments
Standard Chartered Rewards+ Credit Card
0% per p.a.
Up to 10X rewards points for every S$1 spent in foreign currency
S$0 annual fee for 2 years - S$192.60 thereafter
S$30,000
PayWave
Google Pay
Apple Pay
Samsung Pay
EZ-Link
Get S$80 cashback with activation of the card within 30 days upon approval. Existing cardholders will receive S$20. Ends 31 Dec 2019.
American Express True Cashback Card
N/A
1.5% cashback on all purchases with no minimum spend and no cap
S$0 annual fee for 1 year - S$171.20 thereafter
S$30,000
Google Pay
Apple Pay
Samsung Pay
Amex Pay
Receive 3% Cashback bonus and up to S$150 Cashback when you spend S$5,000 in the first six months.
American Express Singapore Airlines KrisFlyer Credit Card
N/A
Get up to 1.1 KrisFlyer miles for every S$1 spent
S$0 annual fee for 1 year - S$176.55 thereafter
S$30,000
Google Pay
Apple Pay
Samsung Pay
Amex Pay
Earn 7,500 bonus KrisFlyer miles when you spend S$5,000 within three months of card approval. Ends 31 January 2020.
HSBC Revolution Credit Card
2.50%-4.88%
Up to 5X Rewards points (2 miles per S$1 spent) on online, dining and entertainment purchases
S$0 annual fee for 2 years - S$160.50 thereafter
S$30,000
payWave
Apple Pay
Get free Samsonite T5 68cm Spinner luggage with built-in scale worth S$560 or S$150 cash back when you spend S$800 in qualifying transactions from card approval to the end of the following month. Receive an additional S$20 worth of grab rides when you apply online with MyInfo via SingPass. T&Cs apply. Ends 31 Dec 2019.
American Express Platinum Credit Card
N/A
Up to 50% off your food bill for unlimited visits at hotels around Singapore
S$321 annual fee
S$50,000
Google Pay
Apple Pay
Samsung Pay
Amex Pay
Receive a 1-night stay at Swissotel The Stamford Singapore (worth S$529) when you pay the annual fee upon card approval and spend S$4,500 in the first 3 months. T&Cs apply. Ends 31 January 2020.
American Express Singapore Airlines KrisFlyer Ascend Credit Card
N/A
Get up to 1.2 KrisFlyer miles for every S$1 spent
S$337.05 annual fee
S$50,000
Google Pay
Apple Pay
Samsung Pay
Earn 15,000 bonus KrisFlyer miles when you spend S$10,000 within three months of card approval. Ends 31 January 2020.
HSBC Advance Credit Card
2.50%-4.88%
Up to 3.5% cashback on all purchases with no minimum spend
S$0 annual fee for 1 year (permanently waived for HSBC Advance banking customers) - S$192.60 thereafter
S$30,000
payWave
Apple Pay
Get free Samsonite T5 68cm Spinner luggage with built-in scale worth S$560 or S$150 cash back when you spend S$800 in qualifying transactions from card approval to the end of the following month. Receive an additional S$20 worth of grab rides when you apply online with MyInfo via SingPass. T&Cs apply. Ends 31 Dec 2019.
Citi Cash Back Card
New customers: 0% for 6 months Existing customers: 0% for 6-12 months
Earn up to 8% cash back on dining, groceries and petrol worldwide.
S$0 annual fee for 1 year - S$192.60 thereafter
S$30,000
Google Pay
Apple Pay
Samsung Pay
EZ-Link
Get a welcome gift of S$120 cash back when you spend S$1,200 in the first 3 months. Ends 31 December 2019
Citi Rewards Credit Card
New customers: 0% for 6 months Existing customers: 0% for 6-12 months
10X Rewards on your shopping spend (local and overseas) and online purchases (except mobile wallet and travel-related transactions), plus 1X Rewards Points on all other spend, no cap or minimum spend required
S$0 annual fee for 1 year - S$192.60 thereafter
S$30,000
Google Pay
Apple Pay
Samsung Pay
EZ-Link
Receive 30,000 Citi Thank You points when you spend S$3,000 in the first 3 months. Ends 31 January 2020.
Citi PremierMiles Visa Card
New customers: 0% for 6 months Existing customers: 0% for 6-12 months
2 Citi Miles for every S$1 spent overseas, 1.2 Citi Miles per S$1 spent locally with no minimum spend and 1.5 Citi Miles per S$1 spent locally with minimum spend of S$3,000 per statement month.
S$0 annual fee for 1 year - S$192.60 thereafter
S$30,000
Google Pay
Apple Pay
Samsung Pay
EZ-Link
Receive 40,000 miles when you spend S$9,000 in the first 3 months and pay the annual fee. Ends 31 January 2020.
Citi Prestige Card
New customers: 0% for 6 months Existing customers: 0% for 6-12 months
Earn 5 ThankYou Points (2 Miles) per S$1 overseas spend and 3.25 ThankYou Points per S$1 local spend
S$535 annual fee
S$120,000
Google Pay
Apple Pay
Samsung Pay
EZ-Link
Receive a welcome gift of 62,500 Citi ThankYou Points (25,000 Miles). Ends 31 December 2019.
Maybank Business Platinum Mastercard
0% for 6 months
Earn 1 TREATS Points per dollar spent
S$0 annual fee for 2 years - S$180 thereafter
N/A
Samsung Pay
Get up to S$1 million in Travel Accident Insurance when you purchase flights or travel packages using your card.
Maybank Platinum Visa Card
0% for 6 months
Up to 3.33% cash rebates on local spend
S$0 annual fee
S$30,000
PayWave
Samsung Pay
Receive an American Tourister Linex 66/24 Luggage TSA (worth S$260) when you charge to your card or withdraw from your CreditAble account with a minimum of S$300 within the first 2 months.
Maybank Family & Friends Card
0% for 6 months
8% cash rebates on groceries, dining, transport and selected merchants with S$800 min. monthly spend
S$0 annual fee for 3 years - S$180 thereafter
S$30,000
Samsung Pay
Receive an American Tourister Linex 66/24 Luggage TSA (worth S$260) when you charge to your card or withdraw from your CreditAble account with a minimum of S$300 within the first 2 months.
Maybank Manchester United Platinum Visa Card
0% for 6 months
Receive a 10% discount and 10 TREATS Points for every S$1 spent at United Direct Online Megastore
S$0 annual fee for 2 years - S$80 thereafter
S$30,000
Samsung Pay
Receive an American Tourister Linex 66/24 Luggage TSA (worth S$260) when you charge to your card or withdraw from your CreditAble account with a minimum of S$300 within the first 2 months.
Maybank DUO Platinum Mastercard
0% for 6 months
5% cash rebate on petrol in Singapore and Malaysia
S$0 annual fee for 3 years - S$120 thereafter
S$30,000
Samsung Pay
Receive an American Tourister Linex 66/24 Luggage TSA (worth S$260) when you charge to your card or withdraw from your CreditAble account with a minimum of S$300 within the first 2 months.
Maybank FC Barcelona Visa Signature Card
0% for 6 months
1.6% unlimited cash rebate on all local spend
S$120 annual fee
S$30,000
Samsung Pay
Receive an American Tourister Linex 66/24 Luggage TSA (worth S$260) when you charge to your card or withdraw from your CreditAble account with a minimum of S$300 within the first 2 months.
Maybank Visa Infinite Card
0% for 6 months
Earn up to 5X TREATS Points (2 air miles) on all spend
S$0 annual fee for 1 year - S$600 thereafter
S$150,000
PayWave
Samsung Pay
Get up to 8 complimentary single-trip airport limousine transfers. T&Cs apply. Ends 31 Dec 2019.
Maybank Horizon Visa Signature Card
0% for 6 months
Up to 3.2 Air Miles (8X TREATS Points) for every S$1 spent on dining, transport and hotel bookings via Agoda.com/horizon
S$0 annual fee for 3 years - S$180 thereafter
S$30,000
Samsung Pay
Receive an American Tourister Linex 66/24 Luggage TSA (worth S$260) when you charge to your card or withdraw from your CreditAble account with a minimum of S$300 within the first 2 months.
Maybank World Mastercard
0% for 6 months
10X TREATS Points (4 air miles) on every S$1 spent
S$0 annual fee for 1 year - S$240 thereafter
S$80,000
Samsung Pay
Receive an American Tourister Linex 66/24 Luggage TSA (worth S$260) when you charge to your card or withdraw from your CreditAble account with a minimum of S$300 within the first 2 months.

Compare up to 4 providers

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What is complimentary travel insurance?

Complimentary travel insurance refers to the insurance cover that is included with some 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 could have an annual fee and interest rates. 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 extra can save you the time and money that comes with organising standalone travel insurance. It can also reduce the cost of any unforeseen emergencies that may pop up while you’re overseas.

What are the types of complimentary travel insurance?

Different credit cards provide different levels of complimentary 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 complimentary 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.

What should I be wary of when comparing complimentary 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 that include 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.
  • 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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What are the pros and cons of travel insurance credit cards?

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 Singapore travel insurance issuers 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 find a card with insurance that suits your needs.

Frequently asked questions

Usually when the fees are higher there is more to be gained in extras and bonuses. The credit cards in this comparison do offer complimentary free travel insurance. Read terms before you go ahead.

Pictures: Shutterstock

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