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Credit card with best trip cancellation/interruption insurance?

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Jan 11, 2008
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Credit card with best trip cancellation/interruption insurance?

I'm looking at replacing my RBC Infinite Avion credit card as it has trip interruption but no cancellation insurance.

I've looked at the Capital One Aspire, but the cancellation insurance is only $1,000/person - we normally cruise and want more than that.

I'm not concerned with travel medical insurance as we have that through work (although most cards with the other insurances have that). Rewards aren't a major issue as I have another main CC and just want this for the insurance when booking trips.

I've looked at many cards and just wanted to check whether anyone knows one that is better for what I'm looking for:

Seems like the best choice for me:

National Bank Platinum Mastercard:

http://www.nbc.ca/bnc/cda/productfamily ... 48,00.html

Annual fee $125

Cancellation insurance: $2,500/person
Interruption insurance: $5,000/person
Checked baggage: $500/person (if delayed 6 hours or more)
Flight delay insurance: $250/day to a max of $500 if delay is 4 hours or more

There are other coverages as well and for anyone interested, the rewards program is $1 purchase = 1.5 points. 11,000 points = $100 travel discount. 50,000 points = $500 discount

Is anyone aware of a better card specifically for travel cancellation/interruption insurance? Thanks.
43 replies
Deal Addict
Dec 31, 2009
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sillysimms wrote:
Aug 13th, 2011 9:49 pm

Is anyone aware of a better card specifically for travel cancellation/interruption insurance? Thanks.
Nope. Look no further. You have already found the best travel credit card as far as insurance is concerned: The National Bank Platinum Mastercard.

Also of note: 60 days of travel medical is unheard of for a credit card.

The 1.5% rebate is better than average, but the triple extended warranty and 6 months of purchase protection (both twice the normal amount) seals the deal.
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Paulfistinyourface wrote:
Aug 14th, 2011 12:24 pm
Nope. Look no further. You have already found the best travel credit card as far as insurance is concerned: The National Bank Platinum Mastercard.

Also of note: 60 days of travel medical is unheard of for a credit card.

The 1.5% rebate is better than average, but the triple extended warranty and 6 months of purchase protection (both twice the normal amount) seals the deal.

Great, thanks. I looked through the details of a large number of cards and this one did seem the best for insurance. There are a lot of cards with similar annual fees and very different coverages. I was a bit surprised to find that a large number of them only offer $1,000/person for cancellation insurance...if it wasn't for that, I'm sure I would have gotten the Aspire without looking further!
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Mar 30, 2004
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In all honesty, I think i'm going to start recommending the National Bank card over the Aspire now. The insurance coverage on that card is amazing. Love the triple extended warranty too.
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Oct 4, 2009
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1.5% on travel over $500, you just purchase travel wherever you prefer and then call them to redeem it within (60?) days.

1.36% on travel under $500, same % for gift cards, investments(RRSP, TFSA) and even your mortgage. Lots of redemption versatility.
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Mar 2, 2005
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S5 wrote:
Aug 14th, 2011 2:31 pm
1.5% on travel over $500, you just purchase travel wherever you prefer and then call them to redeem it within (60?) days.

1.36% on travel under $500, same % for gift cards, investments(RRSP, TFSA) and even your mortgage. Lots of redemption versatility.

Yes. Supplemental cards are free and redemption is easy. There is only one tier, but no multipliers etc. Also note that National Bank CS is far superior to Cap1 or most other big banks. Given the freedom, versatility and insurance package of this card, I think its a better deal than Aspire with its tiers and poor customer service, and TDFC with its poor insurance coverage. Avion isn't even in the league and I dont know why people keep bringing it up. If you take out 1.5BA miles promo its pretty much the same card as CIBC Aventura which isn't very well liked.
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Dec 28, 2006
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I think the main advantage of the Aspire card is the huge bonus which makes the annual fee very cheap.

PS: Just a question about those insurance coverage: does it cover only the primary card holder or the secondary card holder as well, does it cover the primary card holder's spouse, child?
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rivet wrote:
Aug 14th, 2011 4:02 pm
I think the main advantage of the Aspire card is the huge bonus which makes the annual fee very cheap.

I long ago would have applied for that card if it had adequate insurance for my trips, but even if the fee is almost nothing the $1,000/trip cancellation insurance doesn't work for me so the card isn't worthwhile to me (since that is the reason why I have a card with a fee).

For others that don't need more, Aspire will be a good choice. However, for me I had to look for a different card since Aspire didn't work and for my needs, this one works well.

Overall, this looks like a good card.
rivet wrote:
Aug 14th, 2011 4:02 pm
PS: Just a question about those insurance coverage: does it cover only the primary card holder or the secondary card holder as well, does it cover the primary card holder's spouse, child?
Yes - covers cardholder, spouse and dependent children. You'd need to read through their insurance document for full details, but for trip insurance coverage (medical, cancellation, interruption) it covers spouse and dependent children as well.

Edit to add: From reading the insurance certificate, it also says - at least for the cancellation/interruption/flight delay insurance - that it covers travel companions - to a maximum of 6 - a member of the immediate family is considered a travelling companion but is not included in that 6 person maximum.

There aren't a lot of cards that extend any insurance to people other than spouse/children.
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Aug 25, 2010
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S5 wrote:
Aug 14th, 2011 2:31 pm
1.5% on travel over $500, you just purchase travel wherever you prefer and then call them to redeem it within (60?) days.

1.36% on travel under $500, same % for gift cards, investments(RRSP, TFSA) and even your mortgage. Lots of redemption versatility.

Is this cashback? I own this card and never knew this existed. It's not on the card's details/description in the brochure nor on the NBC website.
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Mar 1, 2010
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Deal Grabber wrote:
Aug 14th, 2011 2:47 pm
Yes. Supplemental cards are free and redemption is easy. There is only one tier, but no multipliers etc. Also note that National Bank CS is far superior to Cap1 or most other big banks. Given the freedom, versatility and insurance package of this card, I think its a better deal than Aspire with its tiers and poor customer service, and TDFC with its poor insurance coverage. Avion isn't even in the league and I dont know why people keep bringing it up. If you take out 1.5BA miles promo its pretty much the same card as CIBC Aventura which isn't very well liked.

The 1.5 BA/AA transfers are the only reason Avion matters. It gets an extra leg up over Aventura though in that oneworld is a better transfer partner than Aeroplan for many people since Air Canada has such insane fees and charges. I've been on cross-country (the country being the US) flights with American where the fees were only $2.
rivet wrote:
Aug 14th, 2011 4:02 pm
I think the main advantage of the Aspire card is the huge bonus which makes the annual fee very cheap.

That's why I have it. It takes very little to make the card pay for itself with the bonus. I would not pay for a card otherwise.
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Aug 24, 2008
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S5 wrote:
Aug 14th, 2011 2:31 pm
1.5% on travel over $500, you just purchase travel wherever you prefer and then call them to redeem it within (60?) days.

Are you sure about that? A cursory view of their website seems to indicate that it has to be booked through their travel agency, but it's hard for me to do a thorough inspection right now from my iPhone.
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yyzvoyageur wrote:
Aug 14th, 2011 7:00 pm
Are you sure about that? A cursory view of their website seems to indicate that it has to be booked through their travel agency, but it's hard for me to do a thorough inspection right now from my iPhone.

See here - Section 7:

http://www.nbc.ca/bnc/files/bncpdf/en/2 ... _rules.pdf

Section 7 is specifically for Platinum cardholders (which is this card). You don't have to use their travel agency to get the rebate if you have the Platinum card, but have to apply for the rebate within 60 days of purchase.

Section 8 seems to indicate if you have this card AND use THEIR travel agency, you'll get a bonus of 5,000 points if travel is at least $1,200/person

Pricing would have to be checked out to see whether or not it was worth it to use their agency since there is also this:

4.10 Air travel reservations made with the Travel Agency are subject to a reservation fee of $30
per person, before taxes. A fee of $25 per person, before taxes, applies to all other travel
reservations (packages, hotels, etc.). Reservation fees apply to all cardholders who use the
services of the Travel Agency.
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Jul 3, 2010
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I also chose the National Bank Platinum card because of the great insurance with it. Specifically, the trip cancellation insurance was fantastic. A lot of the other cards (TD Infinite, Aspire etc...) have similar or even better rewards, but not enough trip cancellation. That was the clincher for me. The rewards of 1.5%/1.36% are great too! And you can apply it to any travel you want. You just charge it to your card, then call them and they will give you a credit! Plus, when I applied, there was a bonus of 20000 points (=$200).

I don't know why this card is not talked about more on RFD! It's one of the best travel cards out there!
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loseyourmindtoo wrote:
Aug 14th, 2011 9:04 pm
I also chose the National Bank Platinum card because of the great insurance with it. Specifically, the trip cancellation insurance was fantastic. A lot of the other cards (TD Infinite, Aspire etc...) have similar or even better rewards, but not enough trip cancellation. That was the clincher for me. The rewards of 1.5%/1.36% are great too! And you can apply it to any travel you want. You just charge it to your card, then call them and they will give you a credit! Plus, when I applied, there was a bonus of 20000 points (=$200).

I don't know why this card is not talked about more on RFD! It's one of the best travel cards out there!

Yes, I saw there was that bonus valid until June 30! That would have been great.
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The AMEX gold doesn't meet your needs? They've got every coverage under the sun, minus price protection.
FOR SALE:
Always looking to sell USD for CDN at XE.com's rates.
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