•   
  •   
  •   

Travel Are authorized users covered by Chase’s credit card travel insurance?

12:20  16 april  2022
12:20  16 april  2022 Source:   thepointsguy.com

When can you downgrade your credit card?

  When can you downgrade your credit card? Editor’s note: This post has been updated with new information. If the annual fee just came due for one of your travel rewards cards, you may find it difficult to justify the expense if you’re not getting enough value in return. If you find you aren’t able to maximize the card’s benefits, earning rates or …If the annual fee just came due for one of your travel rewards cards, you may find it difficult to justify the expense if you’re not getting enough value in return. If you find you aren’t able to maximize the card’s benefits, earning rates or redemption opportunities, there may be an option besides paying the annual fee, canceling your card or calling to see if you can snag a reconsideration offer.

MSN has partnered with The Points Guy for our coverage of credit card products. MSN and The Points Guy may receive a commission from card issuers.

Editor’s note: This is a recurring post, regularly updated with new information.

I generally divide my credit card perks into two categories: those such as annual statement credits or lounge access that I actively try and use to enhance my travel experience and those, such as travel insurance and purchase protection, that I hope to never need, but appreciate being able to count on when I do.

But if you have a credit card as an authorized user, are you covered by an issuer’s travel insurance policy?

Everything you need to know about Visa Signature card benefits

  Everything you need to know about Visa Signature card benefits As a Visa credit cardholder, you’re entitled to everyday card perks and benefits. Visa buckets these benefits into three tiers, depending on what specific card you have and who the card issuer is. The benefits fall into one of the following categories: Visa Traditional, Visa Signature, or Visa Infinite – each with more perks than …Let’s dive into exactly what Visa Signature is and how those benefits can impact you.

For more TPG news delivered each morning to your inbox, sign up for our daily newsletter.

There are plenty of good reasons to add someone as an authorized user to your card, including sharing benefits with them, earning points on their spending, and even helping your family members build credit, though remember that you’ll ultimately be responsible for any purchases they make on the card.

Many cards will let you add authorized users for free, but premium cards often charge a fee. In the case of the Chase Sapphire Reserve, it’s $75 per year to add an authorized user.

a hand holding a cellphone: (Photo by Wyatt Smith/The Points Guy) © The Points Guy (Photo by Wyatt Smith/The Points Guy)

It’s important to understand the terms of your insurance coverage before you need to use it, so you don’t make any hasty and expensive mistakes based on incomplete information. As a reminder, the Chase Sapphire Reserve offers the following travel insurance benefits:

Best no-annual-fee business credit cards

  Best no-annual-fee business credit cards Editor’s note: This post has been updated with the latest credit card information. If you’re looking for a rewards card specifically for your business spending, you have a variety of great options. From The Business Platinum Card® from American Express with its points rebate for airfare to the Ink Business Preferred Credit Card with its 3x …If you’re looking for a rewards card specifically for your business spending, you have a variety of great options. From The Business Platinum Card® from American Express with its points rebate for airfare to the Ink Business Preferred Credit Card with its 3x categories, there’s no shortage of cards that help you maximize purchases for your business.

  • Trip cancellation/trip interruption insurance
  • Trip delay reimbursement
  • Baggage delay insurance
  • Lost luggage reimbursement

Related: The best credit cards with travel insurance


Video: Expedia says there haven't been many cancellations of travel bookings despite omicron (CNBC)

The exact coverage requirements differ slightly for each policy, but taking the trip cancellation and interruption insurance as an example, here are the covered parties according to Chase’s website:

graphical user interface, text © The Points Guy

Now there’s no differentiation here between primary cardholders and authorized users, so I called Chase and spoke to a benefits administrator to confirm. The good news is that not only are authorized users covered, but in this case, their immediate family members would be as well. “Cardholder” doesn’t just mean the primary account holder — it means any user who’s name is embossed on the Chase Sapphire Reserve credit card.

Top Travel Deals for April

  Top Travel Deals for April Travelers have plenty of ways to save and score special extras this month.

Here are the covered parties for the trip delay reimbursement:

graphical user interface, text, application © The Points Guy

If you add an authorized user outside of your own family, they would receive coverage for their spouse or domestic partner and dependent children under the age of 22, giving them access to some of the most valuable benefits on the Sapphire Reserve at a fraction of the cost.

Related: Credit cards with the greatest value for authorized users

Bottom line

Some people balk at paying the $75 a year fee to add authorized users on the Sapphire Reserve, but when you think about the fact that they earn full travel insurance coverage as if they were the primary cardholders, this becomes a much better value proposition. This benefit has saved me hundreds of dollars over the years, and Chase is known to offer some of the most comprehensive and generous coverage in the industry on its Chase Sapphire Preferred Card and Reserve cards.

Featured photo by B Calkins/Shutterstock

SPONSORED: With states reopening, enjoying a meal from a restaurant no longer just means curbside pickup.

And when you do spend on dining, you should use a credit card that will maximize your rewards and potentially even score special discounts. Thanks to temporary card bonuses and changes due to coronavirus, you may even be able to score a meal at your favorite restaurant for free.

These are the best credit cards for dining out, taking out, and ordering in to maximize every meal purchase.

--

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Credit card strategies for non-obsessive cardholders .
I’m a rare breed at The Points Guy. While I keep an eye on the points and miles I accumulate on my credit cards and do some spending to accrue more, I’m not nearly as obsessed as some of my fellow TPG coworkers (no offense). I also don’t have nearly as many credit cards as …Related: TPG reader question: How many credit cards are too many?

usr: 1
This is interesting!