So ~4% Amex gold vs. 3% Freedom Flex. Credit ranges are a variation of FICO Score 8, one of many types of credit scores lenders may use when considering your credit card application. Terms apply. Even with a steep annual fee, you'll get excellent dining and travel perks that can help make up for the cost. Additional Info Rates & Fees Amex Gold Card - Is It Worth it? Each U.S. major airline also has a process for requesting this information after the fact. Probably. Additional coverages can be added to travel insurance policies such as CFAR insurance, a preexisting conditions waiver, and other benefits not available with credit cards. If you prepaid for your trip and cannot. For years, the Amex Gold Card has been one of the strongest travel cards on the market thanks to a reasonable annual fee and some unbeatable bonuses on groceries and dining that make it a go-to card to earn more points for everyday expenses. However, not all cancellations are covered only those specifically listed in your policy. To receive coverage, you also need to pay for the entire fare with an eligible American Express card or by using Membership Rewards points to book tickets through Amex Travel. The card details on this page have not been reviewed or provided by the card issuer. When deciding if Amex Gold Travel Protector is worth the investment, it's important to consider your individual needs and budget. travel insurance takes effect only when your trip is delayed more than 12 hours due to: Note that you must be on a trip starting from your city of residence to be covered. Also, like several other travel insurance companies, high-risk adventurous activities may not be covered with American Express Travel Insurance. 3x on eligible Delta purchases, 1x on all other purchases. We may receive compensation when you click on links to those products. It also does not cover canceling your trip due to a government shutdown due to COVID-19, or a surge in cases in a particular area. Flexibility, point transfers and a large bonus: Bank of America Travel Rewards credit card. In order to protect yourself and your finances, its important to consider investing in travel insurance. Travel insurance policies can offer higher limit options. The price of this plan would be $32 for the entire trip. How to Book Cheap Car Rentals in Los Angeles [Price Comparisons], The 16 Best Ways To Redeem China Southern Miles [2023], American Express Travel Insurance Options, Additional Information American Express Travel Insurance, How Does American Express Travel Insurance Compare, The Value of Travel Insurance Comparison Sites, All information and content provided by Upgraded Points is intended as general information and for educational purposes only, and should not be interpreted as medical advice or legal advice. Final Thoughts In conclusion, the benefits of this card are pretty good, but not as good as they might first seem. Compare the cost in points or miles to cash, and see which option is best. The Delta SkyMiles Gold American Express Card was revamped in 2019 with a new list of perks and revised earning rates. Plus, your own feed of TPG content. This site does not include all credit card companies or all available credit card offers that are on the market. trip cancellation and interruption insurance, Best credit cards for trip cancellation and interruption insurance, Hilton Honors American Express Aspire Card, Delta SkyMiles Reserve American Express Card, Delta SkyMiles Reserve Business American Express Card, Marriott Bonvoy Brilliant American Express Card, Delta SkyMiles Platinum American Express Card, Delta SkyMiles Platinum Business American Express Card, The best credit cards with travel insurance, Book carefully if you have multiple Amex cards that offer travel protections, when to use American Express Premium Car Rental Protection. Allianz Travel Insurance Coverage Review Is It Worth It? Additionally, the policy provides access to 24/7 customer service, emergency assistance, and legal advice. However, this mid-tier rewards card also offers cardholders several travel perks that can make it an appealing option for booking flights and rental cars. The annual fee on the American Express Gold card is $250 (see rates & fees ). While lounge access and travel credits are typically the highlights of these cards, some of the lesser-known benefits, such as trip delay reimbursement and trip cancellation and interruption insurance, are becoming hot topics as the coronavirus pandemic continues to impact the travel industry. Her successful insurance and financial services career has been an excellent foundation from which to source her knowledge for many of Upgraded Points travel insurance articles. Depending on how much value you put on the Amex credits to offset the annual fee. Megan Lee joined the travel rewards team at NerdWallet with over 12 years of SEO, writing and content development experience, primarily in international education and nonprofit work. There are even more places your Platinum Card can get you complimentary entry and exclusive perks. Could be worth it. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. We've crunched the numbers and come to the conclusion it can easily be worth that $250 annual fee. This site does not include all credit card companies or all available credit card offers. Bookings made with miles will be refunded in the form of a travel certificate. For rates and fees of the Amex Platinum card, please click here.For rates and fees of the Amex Gold card, please click here.For rates and fees of the Amex Business Gold card, please click here.For rates and fees of the Amex Green card, please click here.For rates and fees of the Hilton Aspire card, please click here.For rates and fees of the Amex Blue Business Plus card, click here.For rates and fees of the Marriott Bonvoy Brilliant card, click here.For rates and fees of the Delta SkyMiles Reserve card, please click here.For rates and fees of the Delta SkyMiles Reserve Business card, please click here.For rates and fees of the Delta SkyMiles Platinum card, please click here.For rates and fees of the Amex Business Platinum card, click here. If losing your trip investment or having to pay for extra expenses if the trip is disrupted makes you uncomfortable or would present a financial burden, then you should purchase a comprehensive travel insurance policy. When deciding whether or not Amex Gold Travel Protector is worth it, it is important to compare it to other insurance options. Do not sell or share my personal information. Here, we will take a closer look at the coverage offered by Amex Gold Travel Protector. We'll run a soft credit check to find special offers, but it wont affect your credit score. You're still responsible for damage and injury done to others. Ultimately, the decision to invest in Amex Gold Travel Protector should be based on your individual needs and budget. The annual fee is relatively high at $550, but it comes with a range of exclusive benefits, including airport lounge access, 5x points on select flights, and free hotel stays . to get secondary coverage of up to $50,000 for damage or theft. Terms apply. For more information on our advertisers, see here. This is a very limited comparison your results will be different based on your specific details. Here is a list of our partners and here's how we make money. Learn more: How to file travel insurance claims. The card details on this page have not been reviewed or provided by the card issuer. The Points Guy, Forbes Advisor, AwardWallet, LendingTree. Unfortunately, not every flight delay will be covered. Terms apply. You or a covered family member become ill and you must cancel your trip. Amex currently offers 17 rewards cards, and 11 of them have an annual fee attached. Cardholders of the American Express Gold Card can get baggage protection on their checked and carry-on bags when traveling on a common carrier such as an airline. Check here before booking an award fare. 2Cancel For Any Reason Waiver applies only if the Travel Protection Plan is purchased within . Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. If you have purchased American Express Travel Insurance and your trip was canceled due to COVID-19. Additionally, its imperative that if youre worried about having medical coverage while traveling, youd want to purchase a travel insurance policy that provides medical coverage. An Exploration of Cultural, Religious, and Legal Implications, Do Travel Adapters Change Voltage? If you'd like to add a comment to this article and share your valuable feedback and opinions, please click here to leave your comment. This card's value can more than cover its $250 annual fee in the right hands. These items include jewelry, sporting equipment, photographic or electronic equipment, computers and audio/visual equipment. Terms apply. You must purchase a new policy for each individual trip. This site does not include all credit card companies or all available credit card offers that are on the market. This trip delay insurance is effective as long as you start from your home and pay for your entire trip with the American Express Gold Card including all round-trip and one-way travel along the way. Read more. Terms apply. Bottom Line: Knowing a travel insurance companys age pricing brackets can help you determine which company offers you the best value for your money. Bottom Line: Travel insurance does not cover canceled trips due to fear of getting COVID-19 or a government declaration that a specific destination is unsafe. Terms apply. To activate this coverage, all you need to do is pay for the entire cost of the flight, train, bus or cruise with your, travel insurance protection covers cardmembers when they rent a car. To activate this coverage, all you need to do is pay for the entire cost of the flight, train, bus or cruise with your American Express Gold Card or American Express Membership Rewards points. Her previous experience involved building and writing business plans in the mergers and acquisitions sector in New York, as well as staffing in the insurance and financial technology software field. Certain vehicle types are excluded such as cargo vans, motorcycles, mopeds and campers. This should be done as soon as possible, but. Terms apply. Before you start filing a claim, make sure you have the documents listed above. Hilton Honors American Express Aspire Card: The Amex EveryDay Preferred Credit Card from American Express, Everything you need to know about Amex's baggage insurance plan. The Amex Cobalt has a huge welcome bonus worth up to 30,000 points after spending $500 every month for the first year. ). Each of these travel protections has limits, exclusions and requirements. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. When evaluating whether or not Amex Gold Travel Protector is worth it, the most important factors to consider are the types of coverage offered and the cost of the policy. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. For example, you'll generally need to pay for trips with your American Express Gold Card to get these travel protections. The specific coverage will depend on the type of policy you purchase and the country you are traveling to. Credit card travel insurance coverage, however, is not a replacement for a comprehensive travel insurance policy, for these reasons: Bottom Line: While the travel insurance coverages that come with credit cards may be sufficient to cover a simple trip where there is no large investment at stake, these coverages are by no means a replacement for a comprehensive travel insurance policy. Nearly all of Amex's premium rewards cards offer baggage insurance. Here are some of the most popular, easy-to-use comparison sites that only feature highly financially-rated travel insurance companies. Travel insurance can help you avoid losing the investment you made when booking your trip, reimburse you for covered expenses should your trip be disrupted due to a covered event, or pay for emergency medical services. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. The AmEx Global Assist Hotline services available to American Express Gold Card members aren't as comprehensive as what you'll get on other premium AmEx cards. If you want to make sure youre purchasing from an established company and have specific coverages youre more interested in than others, American Express Travel Insurance is a solid decision. I wrote this lengthy article on what American Express Membership Rewards points are worth. A Comprehensive Guide, Is Hiring a Travel Agent Worth It? You generally wont find medical coverage on a credit card. When evaluating offers, please review the financial institutions Terms and Conditions. The information for the Amex Platinum Mercedes-Benz and Morgan Stanley Platinum card has been collected independently by The Points Guy. However, if you utilize the links for the travel insurance comparison sites, youll find several options for annual plans offered by highly-rated companies. The information provided is for informational purposes only and should not be considered financial, tax or legal advice. As a result, many TPG readers have sent in questions about Amex's travel insurance protections. This card is also incredibly rewarding for travel purchases, helping you rack up a ton of Membership Rewards points for your next award trip. NerdWallet Compare, Inc. 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