The Best Credit Cards for Travel Insurance – May 2026

Q: What is the best credit card with insurance in Canada?

We voted the National Bank World Elite Mastercard® the Best Credit Card in Canada for Insurance.You get up to 60 days of travel medical insurance and up to 180 days of purchase insurance. Plus, you can triple the warranty on most products you buy.

These credit cards have the best insurance coverages in the country for your travels and purchases.

Here is a table summarizing the different offers. For more details, read on or click on the name of a card.

National Bank World Elite Mastercard

With Milesopedia, enjoy an exclusive offer to get up to 50,000 points with the National Bank World Elite Mastercard. This offer is exclusively available through the Milesopedia network and allows you to quickly earn points by following these steps:

10,000 reward points upon enrollment in your credit card payment protection, for a minimum of 3 months of membership.
10,000 points when you make $5,000 in net purchases within the first 3 months.
20,000 points when you reach $20,000 in purchases within the first 12 months.
10,000 points when you combine your credit card with the opening of your first current account within 7 days of your credit card application.

The National Bank World Elite Mastercard is the best Mastercard credit card offered by NBC.

With this card, you earn up to 5 points per dollar on your purchases:

5 points per dollar for groceries and restaurants
2 points per dollar on gas and electric recharge purchases
2 points per dollar on recurring bills
2 points per dollar on À la carte Travel
1 point per dollar for all other purchases

And since it’s an NBC mycredit Mastercard, you can use it at Costco.

With this card, you have access to a $150 annual travel credit that you can use in any of these categories:

Airport parking
Baggage fees
Seat selection
Access to Airport Lounges
Flight upgrades

What’s more, you can enjoy access to DragonPass airport lounges and unlimited access to the National Bank Lounge at Montreal-Trudeau.

Finally, Milesopedia has named the National Bank World Elite Mastercard as the Best Travel Credit Card in 2023, 2024, 2025, and 2026.

BMO Ascend™ World Elite®* Mastercard®*

The BMO Ascend World Elite Mastercard is one of the best World Elite Mastercard credit cards with travel points in Canada. With our exclusive welcome offer, you can earn up to 100,000 BMO Rewards points.

These points have a value of approximately $650 to $700, according to our estimate, and can be applied to your travel expenses.

Plus, there is no annual fee for the first year for the primary cardholder and additional cardholders.

You can also take advantage of a 0% introductory interest rate on balance transfers for 12 months, with a 2% balance transfer fee.

With the BMO Ascend World Elite Mastercard, you get:

5 points per dollar on eligible travel*
3 points per dollar on eligible dining, entertainment, and recurring bill payments*
1 point per dollar on all other purchases*

You can use BMO Rewards points for your travel (flights, hotels, car rentals, packages, etc.) or for rewards and gift cards on the BMO Rewards platform.

The card also offers:

4 complimentary airport lounge accesses per year via Mastercard Travel Pass provided by DragonPass*
comprehensive travel insurance, including emergency medical coverage up to $5 million for 21 days*

Finally, enjoy six months of Instacart+ membership and a $10 monthly Instacart credit when you sign up with your eligible BMO credit card.*

TD® Aeroplan® Visa Infinite Privilege* Credit Card

With TD^® Aeroplan^® Visa Infinite Privilege* Credit Card, you can earn up to 85,000 Aeroplan points^†:

20,000 Aeroplan points when you make your first purchase with your new card^†
35,000 additional Aeroplan points when you spend $12,000 within 180 days of account opening^†
Plus, earn a one-time anniversary bonus of 30,000 Aeroplan points when you spend $24,000 within 12 months of Account opening^†
Apply for the NEXUS program membership and once every 48 months get an application fee rebate (up to $100 CAD)^†
Access to Air Canada Maple Leaf lounges^†
6 annual visits to airport lounge members of the Visa Airport Companion^† Program hosted by Dragonpass International Ltd.
Up to eight passengers travelling on the same reservation will all enjoy their first checked bag free (up to 23kg/50lb) when your travel originates on an Air Canada flight^†

It’s the best TD credit card for Air Canada frequent flyers.

With the TD^® Aeroplan^® Visa Infinite Privilege* Credit Card, you earn 1.5 points^† per eligible dollar spent on:

Grocery stores and restaurants
Gas station, including fuel and EV charging
Travel and public transit

And 2 points^† per dollar for Air Canada, including Air Canada Vacations. Everywhere else, you’ll get 1.25 points^† per dollar.

TD First Class Travel® Visa Infinite* Card

With the TD First Class Travel^® Visa Infinite* Card, you can get up to 165,000 TD Rewards points^†and a rebate on the annual fee for the first year:

20,000 TD Rewards points for the first purchase made with your Card^†
145,000 TD Rewards points if you spend $7,500 within 180 days of opening^†
A birthday bonus of up to 10,000 TD Rewards points^†

Plus, get an Annual Fee Rebate for the first year.^† This is the highest offer we have ever seen!

With the TD First Class Travel^® Visa Infinite* Card, you earn:

8 TD Rewards Points^† for every $1 you spend when you book travel through Expedia^® For TD^†
6 TD Rewards Points for every $1 you spend on Groceries, Dining, and Public Transit^†
4 TD Rewards Points for every $1 you spend on Recurring Bill Payments and Streaming, Digital Gaming & Media^†
2 TD Rewards Points for every $1 you spend on other Purchases made using your Card^†

This TD credit card is one of the best TD travel rewards cards. As of April 30, 2025, it now offers access to airport lounges with 4 free visits per year.

RBC Avion Visa Infinite Card

With this exceptional limited-time welcome offer, you can earn up to 70,000 Avion points as a welcome bonus with the RBC Avion Visa Infinite Card!

Receive 35,000 points upon approval
20,000 additional points when you spend $5,000 within the first six months of account opening
15,000 points on your account anniversary

You can use your Avion Rewards points to book flights with over 500 airlines or transfer them to select partner loyalty programs, such as:

American Airlines AAdvantage
The British Airways Club (and Qatar Airways Privilege Club)
Cathay Pacific Asia Miles
WestJet Rewards

You can also maximize the value of your points using the Air Travel Redemption Schedule, which offers fixed pricing year-round based on the destination and flight type.

Depending on your goals, this offer can represent strong value, particularly for transfers to partner programs or for using the Air Travel Redemption Schedule.

With the RBC Avion Visa Infinite Card, you earn 1.25 Avion points per dollar on eligible travel purchases¹² and 1 point per dollar on all other eligible purchases².

The card also includes several insurance coverages⁷, including trip cancellation and interruption insurance, out-of-province/country emergency medical insurance, rental vehicle collision/loss damage insurance, and mobile device insurance.

Scotiabank Passport™ Visa Infinite +* Card

With this welcome offer for the Scotiabank Visa Infinite ^+* Passport^MC Card, you get up to 60,000 Scene+ points as a welcome bonus (a value of $600):

40,000 points after $2,000 in purchases within the first three months
10,000 points after $10,000 in purchases within the first six months
10,000 points after $40,000 in purchases in the first year

Then, each year, if you make at least $40,000 in purchases on the card, you’ll earn an annual bonus of at least 10,000 points, which represents a $100 value.

With the Scotiabank Visa Infinite +* Passport^MD Card, you earn 3 points per dollar spent at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà par IGA, Voilà by Safeway, Chalo! grocery stores. FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op.

You also earn 2 points per dollar spent, including on foreign purchases, in the following categories:

Grocery shopping
Restaurants
Entertainment centers
Transit

The Scotiabank Visa Infinite +* Passport^MD Card is an excellent Visa credit card for these types of purchases.

These points can be used for any travel purchase at a rate of 1,000 points = $10 (flights, hotels, all-inclusive packages, and even Airbnb). You can also redeem your points as cash back with Scene+, for example, at your grocery store checkout at the same rate of 1,000 points = $10.

The Scotiabank Visa Infinite +* Passport^MD Card also offers:

No fees for foreign currency transactions
6 access to VIP airport lounges
Excellent insurance for your travels and purchases
Concierge service
Travel with confidence with 10 GB of free GigSky global mobile data for 15 days, plus access to GigSky Travel Essentials for essential apps on the go.
Cardholders also receive a free 1 GB/15-day GigSky global mobile data package annually, plus a 20% discount on future GigSky purchases.

We have named this credit card the Best Credit Card with No Foreign Transaction Fees in 2024, 2025, and 2026.

Frequent Asked Questions about credit cards

Here are some frequently asked questions in the milesopedia community about credit cards in Canada.

What is the best credit card with insurance in Canada?

We voted the National Bank World Elite Mastercard^® the Best Credit Card in Canada for Insurance.

You get up to 60 days of travel medical insurance and up to 180 days of purchase insurance. Plus, you can triple the warranty on most products you buy.

What types of insurance are typically included with a Canadian credit card?

The most generous Canadian travel cards bundle a stack of coverages that would otherwise cost hundreds in standalone policies. Cards like the BMO Ascend World Elite Mastercard, the Scotiabank Passport Visa Infinite + and the TD First Class Travel Visa Infinite typically include emergency medical, trip cancellation and trip interruption, flight delay and missed connection, lost or delayed baggage, rental car collision damage waiver (CDW), and purchase protection plus extended warranty on items you charge. Premium tiers add hotel/motel burglary, common carrier accident insurance, and mobile device coverage. Always read the certificate of insurance — limits, deductibles, and exclusions vary widely from one issuer to another.

How many days of travel medical coverage do credit cards offer?

The number of covered days is one of the most important variables when comparing cards, and it varies dramatically. The BMO Ascend World Elite Mastercard covers up to 21 days per trip with $5 million in emergency medical, while the TD Aeroplan Visa Infinite Privilege typically offers up to 21 days as well. The Scotiabank Passport Visa Infinite + goes up to 25 days per trip. If you regularly travel for longer than three weeks, or if you are over 65, you may need to top up with a separate policy. American Express Platinum offers 15 days standard, with options to extend through Allianz at extra cost.

Do I need to pay for my trip with the credit card to be insured?

Not always, but it is the safest practice. Most Visa Infinite and Mastercard World Elite policies in Canada require that you charge at least 75% of the prepaid trip cost to the card (or pay with rewards points earned on that card) for trip cancellation and interruption coverage to apply. Emergency medical insurance, however, generally activates the moment you leave your province of residence — no purchase trigger needed. Rental car CDW always requires that you charge the full rental to the card and decline the rental company’s collision waiver. When in doubt, charge the trip in full to your premium card to avoid any claim disputes.

Are travellers over 65 still covered by credit card travel insurance?

Yes, but coverage tightens considerably. On most premium cards, including the BMO Ascend World Elite Mastercard and the TD Aeroplan Visa Infinite Privilege, the maximum number of covered days drops once you turn 65 — typically from 21 to 10 or 15 days per trip. Pre-existing condition stability clauses also become stricter, often requiring 90 to 180 days of stable health before departure. Cards underwritten through TuGo or Allianz tend to be more senior-friendly than legacy bank policies. Travellers 65+ should always read the certificate carefully and consider a top-up policy for longer trips or for any chronic conditions.

Which credit cards include rental car insurance in Canada?

Most Visa Infinite, World Elite Mastercard, and American Express premium cards include rental car CDW (collision damage waiver) for cars rented up to 31 or 48 days. Solid options on this page include the BMO Ascend World Elite Mastercard, the TD Aeroplan Visa Infinite Privilege, the Scotiabank Passport Visa Infinite +, and the RBC Avion Visa Infinite. Coverage usually applies to vehicles with an MSRP under $65,000 and excludes high-end luxury, exotics, and full-size vans. To activate, charge the entire rental to the card and decline the agency’s CDW at the counter. Always carry the certificate of insurance with you.

How do I file a credit card travel insurance claim?

The process is similar across issuers but timing matters. Step one: contact the insurer (not the bank) as soon as the incident occurs — the phone number is on the back of your card or in the certificate of insurance. Step two: open a claim file and note your reference number. Step three: gather supporting documents — medical receipts, police reports, airline delay confirmations, original tickets, and the credit card statement showing the charge. Step four: submit the claim within the deadline (usually 30 to 90 days). Most issuers (BMO, TD, Scotia, RBC, AMEX) now offer online claim portals that speed up reimbursement. Keep digital copies of everything.