How My Travel Credit Card Saved Me $ 1,388


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In 2020, I was looking forward to leaving Los Angeles for a socially distant San Diego vacation. I stocked up on food, hand sanitizer, wipes and masks.

To stay safe and distant, I had booked two cottages near the beach with my travel credit card. My friend and his other half would stay in one, and my roommate and I would take the other. That was the plan, until a friend tested positive for the coronavirus and had to isolate at home.


When the unexpected happens, credit card travel cancellation or travel interruption insurance can help you recoup the cost of non-refundable expenses. In my case, travel cancellation insurance saved me $ 1,388. If you are making travel plans in the vaccination era, you need to know how these benefits can protect your travel fund.

Travel credit card protection can come in handy when vacation plans go off the rails unexpectedly, but they're especially helpful in the uncertainty of a pandemic.

BENEFITS EXPLAINED

Travel cancellation and interruption insurance can often be found on travel credit cards. A quick look at the benefits of your card can confirm if you have them. Payment networks such as American Express, Visa and Mastercard offer these benefits, and insurance companies underwrite them.

Travel cancellation insurance can cover prepaid, non-refundable travel expenses such as airline tickets, hotels, cruises, travel and passenger fares, depending on the conditions of the card. A trip interruption can make up for the unused portion of your trip for certain covered reasons. Conditions vary.

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