Best Credit Cards For Baggage Insurance Coverage

Best Credit Cards For Baggage Insurance Coverage

September 20, 2016         Written By Jason Steele

Assuming a safe arrival, every traveler’s worst nightmare is to have their baggage lost, stolen or significantly delayed. In the best case scenario, you might have to waste your limited vacation time shopping for new items, and at worst, you might not be reimbursed for the full value of your losses. Anyone who has ever had a bag lost knows it can be extremely difficult to get the airlines to reimburse you for the replacement value of your luggage and its contents.

After you have replaced lost items and submitted your receipts, you might still have losses that you haven’t been compensated for. Thankfully, there are some credit cards that offer baggage insurance that can supplement any reimbursement offered by the airlines. When you use a credit card that offers this benefit, the coverage applies every time you pay for your ticket with your card. Be sure to examine the terms and conditions of your credit card’s baggage insurance policy.

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Here are two of the best credit cards for baggage insurance:

Capital One Venture Rewards

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As part of the Visa Signature program, the Capital One Venture Rewards card offers a lost luggage reimbursement policy that covers your checked and carry-on bags for $3,000 per trip, (for New York residents, coverage  is limited to $2,000 per bag). This coverage is offered in excess of what the carrier offers first. To file a claim, call the Benefit Administrator at 1-800-757-1274.

The Capital One Venture Rewards card features a 40,000 mile sign-up bonus for new applicants who use their card to spend $3,000 within three months of account opening, and you can also earn two miles per dollar spent on all purchases. Each mile is worth one cent in statement credits toward travel purchases including airfare, hotels, car rentals and other travel reservations. There is a $59 annual fee for this card that is waived the first year, and as with all Capital One cards, there are no foreign transaction fees.

JetBlue Plus Card

The JetBlue Plus CardThe JetBlue Plus card comes with a baggage delay insurance that will reimburse you for up to of $100 per day for three days in the event of a baggage delay, and coverage is limited to $300 in a 12-month period.

It also offers new applicants 30,000 bonus points after they spend $1,000 on purchases within 90 days of account opening. JetBlue’s TrueBlue points never expire and can be redeemed for any seat at any time on JetBlue-operated flights. You also get 10% of your points back each time you redeem, and a 50% savings on in-flight purchases. You will receive a 5,000 point bonus each year on your account anniversary.

New cardholders also enjoy 12 months of interest-free financing on balance transfers, with a 3% balance transfer fee. There is a $99 annual fee for this card, and no foreign transaction fees.

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The information contained within this article was accurate as of September 20, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


jasonsteele

About Jason Steele

Jason Steele is a journalist that covers credit cards, travel and consumer credit. As one of the nation's leading experts in credit cards, Jason has contributed to dozens of travel and personal finance outlets including NerdWallet, Credit Karma and the Points Guy, where he serves as the Senior Points and Miles Contributor. Jason has also been widely quoted in mainstream media in outlets such as the Washington Post, the USA Today and Bloomberg Business Week. Jason is also the founder and producer of CardCon, which is the annual Conference for Credit and Credit Card Media.
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