Les cartes bancaires disposent de garanties d
Credit cards have travel insurance and assistance guarantees. (© JARMOLUK / PIXABAY)

During the holidays or shortly before departure, an accident could occur. Car accident, baggage loss or flight delay … There are many events for which it is possible to be compensatedin whole or in part, thanks to your credit card.

Indeed, the latter, both debt and credit, offers travel insurance and assistance guarantees. It all depends on the type of credit card used and the bank.

“As soon as you pay for the trip (accommodation, train, plane, etc.) with your credit card, insurance and assistance are automatically integrated inside. But there is a great variability of collateral between the different cards “, points out ahasctu.frBasile Duval, spokesperson for Panorabanques, comparator of banks.

This is why it is important to be well informed before going on vacation. And, if you’re not well covered, consider taking out travel insurance.

90 days of coverage

As a preamble, you should know that assistance and insurance are two very distinct guarantees. The first covers, among other things, the repatriation and medical expenses and the second, all that is loss of baggage, delay of train or plane.

As a general rule, the credit card holder is covered by the insurance and assistance guarantees for 90 days. Just like spouse and children under 25 who also benefit from this coverage.

Not the same benefits

This is where we will have to take a closer look. Because depending on the credit card (classic or high-end) and depending on the bank, the services are not the same.

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Travel insurance and assistance for a classic or entry-level bank card covers costs on average up to € 45,000 in total. With a high-end card, it takes between one million and 1.5 million (…) The gap is quite significant.

Basil Duval Spokesperson for Panorabanques

These are Mastercard and Visa Classic cards. With most banks, this product does not include a compensation in case of delay in transport or loss of baggage. On the other hand, her reimburses part of the expenses in case of hospitalization.

For example, Société Générale offers coverage of up to € 11,000 for hospitalization costs abroad for Visa or Mastercard holders. At the Banque Postale the amount is the same.

  • High-end cards

The game changes when it comes to Visa Premier or Mastercard Gold. These offer travelers more possibilities.

Thus, for holders of Visa Premier at the Banque Postale, they can obtain compensation of 400 euros for the loss of baggage. In the event of a flight or train delay, Société Générale must be reimbursed between 400 and 450 euros.

What about travel insurance?

For some trips, the guarantees offered by bank cards may be sufficient. But taking out travel insurance allows it to have more complete coverage in case of problems : delay, cancellation, medical expenses.

It can be very useful when traveling outside the European Union.

Basil DuvalSpokesperson for Panorabanques

In fact, one day of hospitalization in the United States can cost you up to 10,000 euros ! If the traveler holding a classic Visa card has to spend two days in the hospital across the Atlantic, they will not be fully covered [puisqu’il devra débourser de sa poche environ 10 000 euros, Ndlr].

In addition, most travel insurance policies provide coverage for baggage in the event of theft, loss or destruction.

Attention to the guarantees related to Covid

Not all bank cards guarantee the costs related to Covid: hospitalization, cancellation in the event of a confirmed case, repatriation, etc. “Few banks have changed their general travel insurance terms to include Covid since the start of the pandemic,” complains David Dumont, president of Insurly, an insurance comparator.
Therefore it may be advisable to take out travel insurance before setting sail.
“They guarantee health care costs abroad if you contract Covid and need treatment. Some insurance companies can also cover the costs of extending your stay in the event of quarantine, for example”.
About forty countries – mainly in Asia – even require you to take out travel insurance in order to enter the territory.

Travel tips

When planning your trip, you should dwell on several things in order to limit the breakdown of the wallet in the event of an accident.

Consult your insurance guarantees and credit card assistance first. Either by contacting the bank, or by going directly to the Visa or Mastercard website.

Next, it all depends on the country of destination. In Europe ? A high-end bank card seems sufficient, which is less true for a so-called classic card. Outside of Europe? It is advisable to take out travel insurance, especially if the traveler is in poor health or is elderly.

Last tip: “some online banks offer a free Gold card subject to media testing,” says Basile Duval. It may therefore be useful to have two bank cards, according to him: “a classic and a more sophisticated one that offers more guarantees on vacation. “

What to leave with a light mind.

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