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AMEX premium cards adding Trip Insurance

tag
NRB525
Super Contributor

AMEX premium cards adding Trip Insurance

Seems AMEX travel cards are adding some useful trip cancellation coverages in January 2020. These will make it easier to concentrate spend on Platinum, or Delta Reserve or Hilton Aspire, and should be competitive with CSR. 

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 1 of 17
16 REPLIES 16
digitek
Established Contributor

Re: AMEX premium cards adding Trip Insurance

Dang NRB you just gonna say that with no link or source?

 

This has been missing from their travel cards for a long time, I wonder if the Delta Plat or the Amex Gold will get it...

Message 2 of 17
wasCB14
Super Contributor

Re: AMEX premium cards adding Trip Insurance

This had been keeping me from putting more travel spend on the Platinum.

 

Depending on the details, I might PC CSR to another Freedom. I'd keep Hyatt and IHG for renewal nights.

 

Maybe I'd get a proprietary Platinum for 100k and downgrade to Gold after a year, keeping Schwab throughout.

 

A little delay coverage would be nice, too...but cancellation is the big one.

 

Edit: https://thepointsguy.com/news/amex-trip-delay-purchase-benefits/

Personal spend: Amex Gold, Amex Schwab Plat., BofA PR+CCR(x2), Costco
Business use: Amex Bus. Plat., BBP, Lowes Amex AU, CFU AU
Perks: Delta Plat., United Explorer, IHG49, Hyatt, "Old SPG"
Mostly SD: Freedom Flex, Freedom, Arrival
Upgrade/Downgrade games: ED, BCE
SUB chasing: AA Platinum Select
Message 3 of 17
imaximous
Valued Contributor

Re: AMEX premium cards adding Trip Insurance


@digitek wrote:

Dang NRB you just gonna say that with no link or source?

 

This has been missing from their travel cards for a long time, I wonder if the Delta Plat or the Amex Gold will get it...


It's on TPG. Not sure if I'm allowed to link to their site.

Message 4 of 17
K-in-Boston
Credit Mentor

Re: AMEX premium cards adding Trip Insurance

This is fantastic news!  The only downside for me appears to be losing Roadside Assistance.  I've only used it about 4 or 5 times over the years  (that works out to about once every 4 years), but it was always a nice added value and I've never needed AAA or similar coverage due to it.

 

Edit: Thanks for the TPG link @wasCB14.  And yes, @imaximous links to TPG are fine on myFICO.  Basically, the policy would just be no links to sites deemed unethical or illegal.

Message 5 of 17
digitek
Established Contributor

Re: AMEX premium cards adding Trip Insurance

Thanks for the read wasCB!  Sounds like trip cancellation is only for really high AF cards.

 

They are also adding Delay Insurance, but in 2 tiers for the really high AF cards it is 6 hours, for mid-tier AF it is 12 hours.

 

Some other interesting changes in there, no more Roadside Assistance and I just used that on my Gold card a few months ago...

 

Extended warranty reduced by a year, but not really concerned about that one.

 

No more Travel Accident Insurance which was for death/dismemberment, not really worried about losing that one, either.

Message 6 of 17
wasCB14
Super Contributor

Re: AMEX premium cards adding Trip Insurance

I had used roadside assistance a few times. I'll see what my other cards offer and may get AAA again.

 

Looks like Costco and Rewards+ are the leaders again on extended warranties - unless Citi nerfs it like they did on most other cards.

Personal spend: Amex Gold, Amex Schwab Plat., BofA PR+CCR(x2), Costco
Business use: Amex Bus. Plat., BBP, Lowes Amex AU, CFU AU
Perks: Delta Plat., United Explorer, IHG49, Hyatt, "Old SPG"
Mostly SD: Freedom Flex, Freedom, Arrival
Upgrade/Downgrade games: ED, BCE
SUB chasing: AA Platinum Select
Message 7 of 17
Anonymous
Not applicable

Re: AMEX premium cards adding Trip Insurance

It is nice for sure. If only I can get pass that high AF and difficult credits. lol

 

I will give plat another look at some point.

Message 8 of 17
Anonymous
Not applicable

Re: AMEX premium cards adding Trip Insurance


@wasCB14 wrote:

I had used roadside assistance a few times. I'll see what my other cards offer and may get AAA again.

 

Looks like Costco and Rewards+ are the leaders again on extended warranties - unless Citi nerfs it like they did on most other cards.


Amex is only getting rid of the Roadside Assistance Hotline, not the Premium Roadside Assistance.

Message 9 of 17
wasCB14
Super Contributor

Re: AMEX premium cards adding Trip Insurance


@Anonymous wrote:

@wasCB14 wrote:

I had used roadside assistance a few times. I'll see what my other cards offer and may get AAA again.

 

Looks like Costco and Rewards+ are the leaders again on extended warranties - unless Citi nerfs it like they did on most other cards.


Amex is only getting rid of the Roadside Assistance Hotline, not the Premium Roadside Assistance.


Where did you read that? The TPG article doesn't go into detail.

 

"Other changes

Finally, American Express is removing two underutilized benefits across the board: Travel Accident Insurance, which covers expenses specifically related to death or dismemberment during a covered trip, and Roadside Assistance. Amex reports that fewer than 1% of cardmembers have utilized these benefits, so the impact should be limited here."

Personal spend: Amex Gold, Amex Schwab Plat., BofA PR+CCR(x2), Costco
Business use: Amex Bus. Plat., BBP, Lowes Amex AU, CFU AU
Perks: Delta Plat., United Explorer, IHG49, Hyatt, "Old SPG"
Mostly SD: Freedom Flex, Freedom, Arrival
Upgrade/Downgrade games: ED, BCE
SUB chasing: AA Platinum Select
Message 10 of 17
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