Do You Get Travel Insurance With the AMEX Platinum Card?

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Do You Get Travel Insurance With the AMEX Platinum Card?

Million Mile SecretsDo You Get Travel Insurance With the AMEX Platinum Card?Million Mile Secrets Team

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Million Mile Secrets reader, Dave, commented:

Does The Platinum Card® from American Express have travel insurance coverage?

Unlike some other travel cards, which have excellent travel protection benefits, the AMEX Platinum does NOT provide coverage for mishaps like trip delays or cancellations.

But you do get insurance for lost baggage and travel accidents when you pay for airfare with your AMEX Platinum card.  Keep in mind, this coverage does NOT apply to award tickets.

Some folks don’t mind giving up travel protection benefits to earn 5X points on airfare, especially if you have travel insurance with a third-party company.

Do You Get Travel Insurance With The AMEX Platinum
You Do NOT Have Any Coverage for Trip Delays or Cancellation When You Pay for Airfare With an AMEX Platinum Card

Air travel preferences can vary a lot from person to person.  So I’ll explain what you should consider when comparing credit card travel protection benefits!

Credit Card Travel Protection Benefits

Link:   How Can You Save Money on Travel Insurance?

When you pay for airfare with certain cards, you can get automatic travel protection benefits at no extra charge.  And depending on the card, sometimes just paying the taxes and fees on an award flight will get you coverage.  This is a terrific way to save on travel insurance.

But the coverage you get can vary significantly by card.  Here’s a side-by-side comparison of the trip protection benefits you get with 3 popular premium travel cards.

CoverageAMEX PlatinumCiti PrestigeChase Sapphire Reserve
Primary Rental Car Insurance• Enroll for free in the American Express Premium Car Rental Protection program

• But you’ll pay ~$25 (~$18 for California residents) per rental for up to 42 consecutive rental days (30 consecutive rental days for Washington State cardholders)
• Cardholders and authorized designated drivers covered when you rent a car with your card and decline the car rental agency’s collision damage waiver

• Coverage is secondary in the US and primary elsewhere
• Cardholders covered when you rent a car with your card and decline the car rental agency’s collision damage waiver
Delayed BaggageNone• If your baggage is delayed for more than 3 hours, you could be reimbursed for emergency purchases of essential items (i.e. clothing, toiletries, cell phone charging cables, and more)

• Up to $500 maximum per covered traveler
• If your baggage is delayed for more than 6 hours, you could be reimbursed for purchases of essential items (i.e. clothing, toiletries, cell phone charging cables, and more)

• Up to $100 per day for a maximum of 5 days
Lost Luggage• Up to $3,000 per person per trip for loss of carry-on baggage

• Up to $2,000 per person per trip for loss of checked bag

• Up to $250 per person per trip for loss of high risk items (i.e. jewelry & electronics)
• Covers the cost to repair or replace lost luggage and personal items inside

• Up to $3,000 per person each trip

• Up to $10,000 per trip
• Covers the cost to repair or replace lost luggage and personal items inside

• Up to $3,000 per person each trip with a limit of $500 for items such as jewelry and electronics
Trip Delay ProtectionNone• If your trip is delayed for more than 3 hours, you could be reimbursed for up to $500 per ticket for reasonable expenses (meals, lodging, toiletries, medication, and other personal use items)• If your trip is delayed for more than 6 hours, you could be reimbursed for up to $500 per ticket for reasonable expenses (meals, lodging, toiletries, medication, and other personal use items)
Trip Cancellation & Interruption InsuranceNone• Up to $5,000 per person per trip
• Up to $10,000 per person per covered trip (maximum $20,000 per occurrence)

• Up to $40,000 per 12 month period
Travel Accident Insurance• Up to $500,000 per person ($3,500,000 maximum)• Up to $500,000 per person
• Up to $1,000,000 per person ($2,000,000 maximum)
Benefits Guide AMEX Benefits GuideCiti Prestige Benefits Guide
Chase Sapphire Reserve Benefits Guide

As you can see, the AMEX Platinum card is NOT the best card for folks looking to get automatic travel insurance.  And the coverage is the same for other AMEX Platinum cards, including:

The tradeoff is you can accumulate lots of points paying for airfare with the AMEX Platinum.  Because you earn 5X AMEX Membership Rewards points on airfare purchased directly from airlines or from AMEX travel.  Then, you can transfer the points to book award travel on airline partners like Air Canada or Singapore Airlines.

See Related:   Take advantage of the American Express airline partners to unleash Big Travel with Small Money!

3 Things to Consider With Trip Protection Benefits

Because travel coverage is not the same across all cards, you’ll want to use the card that is best for your personal situation.

For example, Million Mile Secrets team members Harlan and Jasmin consistently use their Citi Prestige card to pay for travel because this card has the best trip delay coverage.  And Jasmin has successfully used this benefit to get reimbursed for meals and a hotel night.

Do You Get Travel Insurance With The AMEX Platinum
If Your Trip Is Delayed 3+ Hours or Cancelled Because of Weather, the Citi Prestige Can Help You Get Reimbursed for Expenses

Here are a few things that might factor into which card you use to pay for travel.

1.   Will Your Airline Elite Status Help If There’s a Flight Delay or Cancellation?

Having airline elite status comes with perks that can help if you pay with a card like the AMEX Platinum, which doesn’t have trip delay or cancellation insurance.

For example, some airlines offer passengers with elite status free same-day standby flights.  So if your flight is delayed, you could switch to another flight without having to worry about filing a claim for a trip delay.

Similarly, if your flight is cancelled, having elite status might give you a higher priority to get a seat on the next available flight.

Do You Get Travel Insurance With The AMEX Platinum
With Airline Elite Status, You Might Be Able to Quickly Switch to a New Flight If Your Original Flight Is Delayed or Cancelled

But consider if you’re traveling to a remote destination or region with unpredictable weather that it might be wise to pay with a card that provides trip protection benefits.

Because if all flights are delayed or cancelled, you could end up paying out of pocket for hotel rooms and necessary expenses.  So having a card that gets you reimbursed is a great benefit.

2.   Did You Book an Expensive Cruise or Tour?

Having trip interruption or cancellation insurance from a credit card can come in handy should you have to cancel an expensive trip for an eligible reason.

For example, let’s say you pay for a family cruise to Alaska, but are unable to go due to a last-minute illness.  If you paid with the Chase Sapphire Reserve or Citi Prestige, it’s possible to get a refund for your trip up to a certain limit.  But you would NOT get this coverage if you paid with the AMEX Platinum.

Do You Get Travel Insurance With The AMEX Platinum
Get a Close-Up View of Mountains and Glaciers on a Cruise From Seattle to Alaska!

I recommend reading the terms and conditions of your card’s trip protection benefits before paying for a vacation.  Because it’s important to know who is covered, the claims process, and the reasons you’re eligible to get a refund.

3.   Do You Have Third-Party Travel Insurance?

Some folks purchase travel insurance through a third-party company to cover trip delays, cancellations, and other unforeseen events.  And you can often bundle these coverages with a supplemental medical travel policy, which can be helpful if you’re traveling outside the US.

There are great resources on the web to research travel insurance policies.  I recommend InsureMyTrip to compare prices and benefits.  Here’s a step-by-step guide to using the site.

Do You Get Travel Insurance With The AMEX Platinum
You Can Filter Results on InsureMyTrip to Find Plans With the Coverage You Desire

Keep in mind, travel insurance plans and coverage amounts can vary greatly.  But purchasing a third-party plan can be helpful for folks who don’t pay for a trip with a card that comes with these benefits.

Bottom Line

When you pay for a trip with The Platinum Card® from American Express, you do NOT get any coverage for trip delays or cancellations.  This is unlike other premium cards, like the Chase Sapphire Reserve and Citi Prestige, which have terrific travel protection benefits.

But some folks might prefer to book travel, especially flights, with the AMEX Platinum.  Because you earn 5X AMEX Membership Rewards points on airfare purchased directly from airlines or from AMEX travel.  So you can accumulate flexible points faster!

Having airline elite status or a third-party travel insurance policy might help if you pay for a trip with a card that doesn’t have coverage for travel mishaps.  But if you’re booking an expensive vacation, I’d recommend using a card that has automatic coverage.

Have you used any travel protection benefits on a credit card?  I’d love to hear about your experience in the comments!

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The Platinum Card® from American Express

The Platinum Card® from American Express

  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Up to $200 for Uber rides annually. Credit and Uber VIP status available to Basic Card Member only.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards® points on eligible hotels booked on amextravel.com.
  • As a Platinum Card Member, you can enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
Terms Apply | Rates & Fees

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I think Amex platinum is not only overpriced but only being able to choose 1 airline a year and no flight cancellation or delay coverage without paying more is a rip off. I will be changing cards

I want to purchase travel insurance through the Amex Travel Insurance company. If I purchase the trip cancellation policy, will that cover me if I cancel for any reason?

Amex has updated its terms a while back and DOES cover lost luggage on award travel now, if the miles used were transferred from Membership Rewards.

The travel cancellation and delay benefit have proven to be top priorities to me based on experience. The more I travel and the more delays and run ins with cancellations I have the more important it gets.

1) I had a trip planned to Cancun for 5 nights and 2 days before we were set to depart, my father in law passed away. Full refund on my nonrefundable airline tickets.

2) We were returning from a week in St. John and when we got to the airport our flight was delayed from 1pm to 8:30 am the next morning. We stayed at the Ritz Carlton St. Thomas for the night. The Citi Prestige covered the full night stay and would have covered our dinner that night had I put it on the card. (I put the meal on the chase freedom out of habit cause it was running 5 points on restaurants during 3rd quarter).

St. John trip alone the Citi prestige covered over $2,000 of our trip on $250 airfare credit, 4th night free, 60,000 pts, and travel insurance.

Anymore it has to be a really good reason for my hotel (4th night free) and airfare not to go on my Citi Prestige. That insurance is just too valuable.

The Merrill+ VISA issued by B of A has great insurance for a no fee card

Travel and Emergency Assistance: Provides help with emergencies, including legal and medical referrals.

Trip Cancellation / Trip Interruption Insurance: If a trip is disrupted for an eligible reason, provides reimbursement up for non-refundable costs.

Auto Rental Collision Damage Waiver: Provides coverage against theft and collision, as long as the car rental company’s own insurance is declined.

Travel Accident Insurance: Get reimbursed if you or a family member gets in an accident while traveling.

Lost Luggage Reimbursement: If checked or carry-on bags are lost, stolen, or damaged, provides reimbursement.

Emergency Evacuation Insurance: Medical evacuation or transportation in the event of an emergency.

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