Good News for Credit Card Owners

01/03/2007

According to recent industry news travel insurance provided on credit cards is looking better for credit card holders. In January 2005 a number of credit card providers decided to stop offering free travel insurance, however the situations seems to be looking positive now as many are beginning to include this perk again.

Research from MoneyExpert.com shows that there are currently around 56 credit cards that do not offer free travel insurance

The analysis carried out by MoneyExpert.com has identified that the average cover for travel accidents has increased £23,000 in the last ten months.

Sean Gardner, Chief Executive for MoneyExpert commented "Travel insurance is one of those bonuses for credit card holders – but only if you know you’ve got it,"

Evidence has highlighted that many credit card holders may not be aware that the plastic in the pocket covers them for insurance on holiday.

"Many of us will buy travel insurance before a holiday without thinking to check the features of our credit card. It always makes sense to buy specialist travel insurance but you should check what your card offers." Mr Gardner added.