Best Travel Insurance Offers by Credit Cards in Singapore

Travel insurance is very popular in Singapore. However, you don’t always have to pay to get yourself insured during your trip. We have prepared the below list to help you get travel insurance for free while earning rewards like cashback and air miles.

Table of Contents

Best Miles Credit Card: Citi PremierMiles Visa Card

Consider this if you want to earn miles and enjoy other bonuses

Annual Income Requirement S$30,000
Foreigner Income Requirement S$42,000

Citi PremierMiles visa Card is actually one of the best air miles credit cards in Singapore. As if its already rich rewards program were not enough, Citibank has added one of the best travel insurance promotions available in Singapore. First, you can get reimbursed up to S$500 for most common travel emergencies people face: delayed luggage, and delayed or cancelled flights. Not only that, if your airline loses your luggage, Citi will reimburse you S$500 per bag to up to S$1,000. For most people, that’s enough money to cover most of the things they typically carry in their check-in luggage.

Besides its complimentary insurance, this card offers a simple to understand 1.2 miles for S$1 spent locally (2 miles per S$1 spent overseas), so that you can earn miles on every expenditure you make. Not only that, you could earn up to 10,000 in bonus miles every time you pay the annual fee to renew the card. Citi Miles can be redeemed at over 60 airlines and 8,000 hotel properties, so you can use the miles for almost any trip.

Highlights

  • Annual fee: S$192.6
  • 1.3 miles for S$1 spent locally, 2 miles for S$1 spent overseas (Up to 10 miles per S$1 spent on Kaligo and Agoda)
  • Complimentary travel insurance and Priority Pass Membership for free lounge access
  • Access to Citi Privileges & Amex Selects globally
  • 14% off petrol spend at Shell & Esso
  • Promotion: 21,000 bonus miles after paying 1st annual fee and spending S$7,500
  • Bonus: 10,000 miles when you pay the annual fee and renew
  • Read Our Full Review

Best No Annual Fee Miles Credit Card: DBS Altitude Visa Card

Consider this if you a good miles credit card with an easily waived annual fee

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000

DBS Altitude Card is an amazing no-fee miles card that's suitable for people with a budget that's spread out across multiple spending areas. It also provides a S$1mn worth of travel insurance against accidents. With this card, you can earn 1.2 miles for every S$1 of local expenditure and 2 miles for every S$1 of overseas expense, quite similar to Citi PremierMile Card. Where they differ, however, is that DBS Altitude waives its annual fee of S$192.6 for those who spend more than S$2,000 a month (or S$25,000 per year). Also, DBS provides 3 miles for S$1 spent on online travel bookings, a feature Citi Premier Miles does not have. Hence, if you value annual fee waivers over bonus mile awards, DBS Altitude maybe the right card for you.

Highlights

  • Annual fee: S$192.6, waived when you spend at least S$25,000 a year
  • Option to earn 10,000 bonus miles when paying the annual fee to renew
  • 1.2 miles/S$1 locally, 2 miles/S$1 overseas (Up to 10 miles/S$1 on Kaligo and Expedia)
  • 14% discount on petrol at Esso
  • Complimentary travel insurance: S$1mn in accident & death
  • 2 Complimentary Global Airport Lounge Access visits per year with Priority Pass Membership
  • Promotion: 10,000 miles welcome gift for Amex card if you spend S$2,000 per month for the first 3 consecutive months; 1 chance to win 2 SIA suites class tickets for every S$500 spend (5x for travel bookings)
  • Read Our Full Review

Best Mile Card for Entertainment & Online Shopping: HSBC Revolution Card

Consider this if you spend mostly on shopping, dining and entertainment

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

HSBC Revolution Card is the best no-annual fee air miles credit card in Singapore, in our view. First, its rewards program focuses on major spending areas for an average consumer: dining, entertainment and online shopping. For each of these categories, HSBC Revolution earns 2 miles per S$1. Not only that, HSBC Revolution provides the same 16% off on petrol and 10% off on travel bookings so you can save even more money. Though it does charge an annual fee of S$160.5, you can get this waived quite easily, as the first 2 years are waived and subsequent years are waived for those who maintain an annual expenditure of S$12,500 on the card. Since the average monthly spend in Singapore is S$2,000, spending S$1,000 per month to get this fee waived should be reasonably easy for most people.

Highlights

  • Annual fee: S$160.5. waived for 2 years, and then waived in subsquently for annual spend of S$12,500
  • 2 miles on online spend (shopping and travel bookings), dining, and entertainment
  • 16% off on petrol at Caltex & Shell
  • Up to 10% off on travel bookings online
  • Complimentary travel insurance: S$1mn in accident & death; S$2,000 for lost bag; S$800 for delayed bag; S$10,000 for cancelled trip; S$1,000 for delayed flight
  • Welcome Bonus: A Samsonite Astra 55cm luggage (worth S$350) or S$100 cash back for new customers (S$50 for existing customers)
  • Promotion: Save up to S$10,000 with 1,000 Entertainer 1-for-1 deals
  • Read Our Full Review

Best Miles Card for Dining: Maybank Horizon Visa Signature Card

Consider this if you want to maximise miles earned on dining and petrol

Annual Income Requirement S$50,000
Foreigner Income Requirement S$60,000

Maybank Horizon Visa Signature Card is an awesome miles credit card for people who want to avoid high annual fees. This card is particularly useful for people who drive and dine out a lot, as it awards 3.2 air miles for every S$1 you spend on dining or on petrol, which is practically one of the best deals we've seen for these two categories. You can also earn 2 to 3.2 miles per dollar on your travel bookings and on foreign currency transactions. Last but not least, its annual fee of S$180 can be easily waived if you spend just S$1,500 on the card every month (S$18,000 per year). By providing great mile award rates for your travel expense as well as your daily needs, Maybank Horizon Visa Signature Card helps you build up miles while saving up on the annual fee you would otherwise have to spend with other cards.

Highlights

  • Annual fee: S$180, waived with S$18,000 of annual spend
  • 2 miles for S$1 spent on air tickets, travel packages and foreign currency transactions
  • 3.2 miles for every S$1 spent on petrol, dining, taxi fares (including GrabTaxi) and hotel bookings on Agoda
  • Complimentary access to selected VIP airport lounges & travel insurance
  • Complimentary travel insurance: S$1mn in accident & death; S$1,000 for lost bag; S$400 for delayed bag
  • Bonus: Receive a complimentary Samsonite Orfeo 69cm Spinner worth S$420 when you apply for 2 Maybank Credit Cards and CreditAble
  • Read Our Full Review

Best Miles Card for Shopping: Citi Rewards Visa Card

Consider this if you want to maximise miles rewards on shopping expenses

Annual Income Requirement S$30,000
Foreigner Income Requirement S$42,000

There are two miles credit cards in Singapore that are the best in terms of shopping rewards. First, we have Citi Rewards Visa Card. While most shopping cards limit their rewards to predesignated stores or online retailers, Citi Rewards card provides 4 miles for every dollar you spend online, offline and even in foreign countries. Besides shopping, it also helps you save money on petrol at Esso and Shell (up to 14%), though we do admit 0.4 miles on other purchases is pretty dismal. For this reason, we highly recommend Citi Rewards Visa Card only to active shoppers who can earn enough miles to offset the high S$192.6 of annual that is not waived.

Highlights

  • Annual fee: S$192.6, waived 1st year
  • 4 miles (10 reward points) for every S$1 spent on shopping (including online), 8 miles (20 reward points) at select shops & retailers
  • Up to 14% off on petrol at Esso and Shell
  • Complimentary travel insurance: S$1mn in accident & death; S$1,000 for lost bag; S$500 for delayed bag; S$500 for cancelled trip; S$500 for delayed flight
  • Promotion: S$120 cash rebate welcome gift
  • Read Our Full Review

Best Air Miles Card for Golfers: Maybank World Mastercard

Consider this if you are an avid golfer who travels frequently to golf clubs worldwide

Annual Income Requirement S$80,000
Foreigner Income Requirement S$80,000

Maybank World Mastercard is easily the best credit card in Singapore for golfers. That's because it provides its cardholders complimentary green fees all year around at 79 world-class fairways in 15 different countries, by far the best deal available for golfers in the country. Not only that, it comes with mile and cash back rewards to cover a golfer's every major expenditure area: dining, petrol and travel expenses. Though this card comes with a relatively high annual fee of S$240, it's much cheaper to use than other luxury cards that come with worse golf privileges. Furthermore, Maybank World Mastercard's benefits are more than valuable enough to offset the annual fee for people who golf at least once or twice a month.

Highlights

  • Annual fee: S$240, 1 year waiver
  • 2 complimentary green fees per month at 79 world-class fairways in 15 countries
  • 10X TREATS points (or 4 miles) per S$1 spent at select retail and dining establishments
  • 19.1% savings on petrol in Singapore (including the 4 miles per S$1 spent on petrol)
  • Up to 20% savings at select SPG Hotel and Resorts restaurants
  • Complimentary VIP Access to JetQuay at Changi Airport
  • Complimentary travel insurance: S$1mn in accident & death; S$1,000 for lost bag; S$400 for delayed bag
  • Bonus: Receive a complimentary Samsonite Orfeo 69cm Spinner worth S$420 when you apply for 2 Maybank Credit Cards and CreditAble
  • Read Our Full Review

Best Air Miles Card for Luxury Travel Perks: Citi Prestige MasterCard Credit Card

Consider this if you want special travel perks like free hotel nights and unlimited lounge access

Annual Income Requirement S$120,000
Foreigner Income Requirement S$120,000

Just as the name suggests, Citi Prestige MasterCard Card is the best luxury miles credit card with prestigious benefits. One must admit, however, that luxury and prestige don't come for free. If you can stomach the S$535 of annual fee, there are plenty of reasons why you should consider getting Citi Prestige card. We recommend Citi Prestige card especially for long-time banking customers of Citibank who have earned their Citigold status. Its 1.3 miles for S$1 spent locally and 2 miles for S$1 spent overseas gets a boost of up to 30% if you are a loyal Citigold member. Other special benefits include SPG Gold Status, complimentary nights at hotels, and special deals and discounts at golf courses and resorts.

Highlights

  • Annual fee: S$535
  • Annual income requirement: S$120,000
  • 1.3 miles and 2 miles for every S$1 spent locally and overseas, respectively, with the ability to boost your reward miles by up to 30% with a banking account with Citi
  • Special benefits at Four Seasons and Ritz Carlton around the world, unlimited complimentary 4th night at any hotel
  • Unlimited Airport Lounge VIP Access
  • Complimentary travel insurance: S$1mn in accident & death; S$1,000 for lost bag; S$400 for delayed bag; S$500 for cancelled trip; S$400 for delayed flight
  • Promotion: Annual bonus of up to 25,000 miles when you pay the annual fee
  • Read Our Full Review

Best Credit Card for Business Travelers and Overseas Spending: Standard Chartered Visa Infinite Card

Consider this if you travel overseas frequently for business or shopping

Annual Income Requirement S$150,000
Foreigner Income Requirement S$150,000

Standard Chartered Visa Infinite card is one of the best luxury air miles credit cards in Singapore. Yes, it can be very expensive to use, but for people who can afford the S$588.5 of annual fee, this card can be worth their money. That’s because it rewards 1.4 miles per S$1 spent locally and 3 miles per S$1 spent overseas. Not only that, SC Visa Infinite card comes with some great benefits like travel insurance and other travel perks like lounge access and Uber discounts. Especially, its travel insurance provides upto S$5,000 of reimbursement for lost bags, and maximum of S$1,000 for delayed bags. This is far more than what other cards in Singapore offer in terms of travel insurance.

Highlights

  • Annual fee: S$588.6 and no waiver
  • 1.4 miles and 3 miles for every S$1 spent locally and overseas, respectively.
  • Hilton HHonor Gold status, complimentary VIP lounge access & travel insurance, discounts for golf clubs, yachts and private jets
  • Promotion: Welcome bonus of 35,000 miles (or 15,000 miles and a Samsonite 28" luggage)
  • 15% discounts & more on all Grab rides, GrabRewards Platinum Tier Status
  • Read Our Full Review

Miles Credit Card with Flexible Miles Redemption: OCBC Voyage

Consider this if you want the ability to redeem your miles whenever you want, without blackout dates

Annual Income Requirement S$120,000
Foreigner Income Requirement S$120,000

Perhaps the most distinguishing characteristic of OCBC Voyage card is its flexible mile redemption prgoram. It is the only card we have seen that allows you to redeem miles for any flight at any time, without a long process time or blacked out dates. This feature is ideal for busy professionals who may not have much visibility into their schedule weeks in advance. Because OCBC Voyage will allow you to book your free flight last minute (as long as there is avaialbility on the flight), OCBC Voyage helps you use the miles to go on the vacation you've been craving at moment's notice.

OCBC Voyage card also comes with great mile benefits like 2.3 miles for S$1 spent on dining or overseas (everything else receives 1 mile). Its slick design feature special alloy material sets it apart from other "luxury" travel cards in the market. Although it has a rather high annual fee of S$488, OCBC Voyage helps offset the cost with 15,000 welcome bonus miles and an opportunity to buy 150,000 miles for S$3,210 (S$0.02 per mile), which is a great deal if you can redeem it for business class flights or better.

Highlights

  • Annual fee: S$488, no waiver
  • 1 mile per S$1 spent, 2.3 miles for S$1 spent overseas or on local dining
  • Flexible miles redemption program that allows you to book any flight you want at anytime
  • Unlimited VIP lounge access, complimentary travel insurance and free airport limo service
  • Complimentary travel insurance: S$1.5mn in accident & death; S$400 for lost bag; S$200 for delayed bag; S$200 for delayed flight
  • Min annual income: S$120,000
  • Promotion: S$50 cashback when you apply for 2 OCBC credit cards online
  • Bonus: Ability to buy 150,000 KrisFlyer Miles for S$3,210 (S$0.02 per mile)
  • Read Our Full Review

Best Air Miles Rewards for Affluent Spenders: UOB PRVI Miles American Express Card

UOB PRVI Miles American Express Card

Consider this if you want to maximise mile rewards without paying an extravagant annual fee

Annual Income Requirement S$80,000
Foreigner Income Requirement S$80,000

UOB PRVI Miles American Express Credit Card provides an excellent opportunity to earn luxury mile awards without the luxury fee. It matches the highest flat-rate mile awards in the country at 1.4 miles for S$1 for local spend. Its overseas spend mile award of 2.4 miles per dollar is also on the high-end of the market. For all these benefits, UOB PRVI Miles card only charges S$256.8 of annual fee that is waived for the first year. This is roughly half of fees charged by other high-end cards like OCBC Voyage or SC Infinite Visa cards.

Given the low fee, however, UOB PRVI Miles card does come with less perks compared to the more expensive cards. We think this card works quite nicely for people who want to earn high miles, and prefer low annual fee over perks like free lounge access or hotel rewards. This is especially true for affluent spenders who can spend S$50,000 on the card every year, which UOB rewards with 20,000 loyalty miles per year (exclusive to American Express version).

Highlights

  • Annual fee: S$256.8, waived 1st year
  • 1.4 miles for S$1 spent locally, 2.4 miles for S$1 spent overseas, 6 miles on S$1 spent on travel
  • Complimentary travel insurance: S$1mn in accident & death; S$400 for lost bag; S$200 for delayed bag
  • Bonus: 20,000 loyalty miles per year with S$50,000 of annual spend (exclusive to American Express version)
  • Promotion: 10,000 welcome bonus miles when you spend S$6,000 within 3 months of approval date
  • Read Our Full Review

CIMB Visa Infinite Card: No-Fee Cashback Card for Travel

CIMB Visa Infinite Card

Consider this if you want a no fee cashback card with no spending requirements

Annual Income Requirement S$120,000
Foreigner Income Requirement S$120,000

CIMB Visa Infinite Card is a great no-fee cashback card for travellers. While it rewards 1% cashback on all local expenses, this card's rebate is boosted to 2% for travel, overseas and online foreign currency expenditures. To further increase this card's value as a travel credit card, CIMB provides other benefits like low foreign currency transaction fee of 1% (vs 2.5-3.5% from other banks), complimentary lounge access and travel insurance.

Highlights

  • No annual fee
  • Spend S$2,000 in a month to enjoy 2% rebate on travel, overseas and foreign currency transactions
  • 1% rebate on all other retail spends
  • Complimentary 3 lounge visits per year
  • Complimentary travel insurance
  • 1% foreign exchange transaction fee
  • Read Our Full Review

Best Dining Cashback Card: CIMB Visa Signature Card

CIMB Visa Signature

Consider this if you want to maximise savings on your dining expenses

Annual Income Requirement S$30,000
Foreigner Income Requirement S$48,000

If you don’t want to pay for a travel card, but still want some travel benefits like insurance, then CIMB Visa Signature card might be a great option for you. While it’s a cashback card, it still comes with some great travel benefits. Not only does it only charge 1% foreign transaction fee, compared to 2.5-3% commonly charged by credit cards in Singapore, CIMB Visa Signature also provides a travel insurance of up to S$500 for lost bags and up to S$300 for delayed bags. If you happen to have delayed or cancelled flights, it will also reimburse you up to S$300. While S$300 may not be much compared to the other benefits provided by cards mentioned above, CIMB Visa Signature card comes with zero annual fee, making it one of the best cashback credit cards in Singapore. That means you can enjoy all of this card’s benefits for free! Other highlights includes 10% cashback on all dining expenses, which is the highest we’ve seen in Singapore for this spending category.

Highlights

  • No annual fee
  • Up to 10% cashback on dining
  • 1% foreign exchange transaction fee
  • Complimentary travel insurance: S$500,000 in accident & death; S$500 for lost bag; S$300 for delayed bag; S$300 for cancelled trip; S$300 for delayed flight
  • Read Our Full Review

Buying a Travel Insurance vs Getting a Credit Card with Complimentary Insurance

To benefit from your credit card's complimentary travel insurance, you have to book your entire trip (especially the flights) on the card that provides this coverage. While this could be sufficient in covering your flight, these insurance policies typically don't provide any more protection. If you are looking for a more thorough coverage for lodging, activity bookings or even sports injuries, you should consider buying a travel insurance policy, which tends to be quite affordable to begin with.

Summary of Credit Cards in Singapore with Travel Insurance Coverage

Travel credit cards offer a great way to earn rewards on your purchases, including your travel bookings, while also getting free travel insurance coverage. Travel insurances can often cost you anywhere between 4-8% of your total trip cost, which can amount to meaningful sum for some people. Travel insurance can be a great purchase for some. If your bag has ever been lost or delayed by your airline, or if your flight has ever been delayed by weather, you can come to appreciate its value even more so. With a travel insurance, you can get hundreds of dollars when you might need extra cash to buy some clean clothes or a night a t a hotel. If you can find a way to skip out on that additional expense while earning rewards, why would you forgo such an opportunity? Below, we have analyzed our database to find the best travel insurance offers by credit cards in Singapore.

CardholderLost BagDelayed BagCancelled FlightDelayed Flight
Citi PMVS$1,000,000S$500/bag, max S$1,000S$100/8 hrs, max S$600S$500S$100 per 8 hrs, max S$500Learn More
DBS AltitudeS$1,000,000N/AN/AN/AN/ALearn More
Citi PrestigeS$1,000,000S$500/bag, max S$1,000S$200 per 8 hrs, max S$400S$500S$200 per 8 hrs, max S$400 per personLearn More
Standard Chartered Visa InfiniteS$1,000,000S$1,000/bag, max S$5,000S$200 per 6 hours, max S$1,000N/AN/ALearn More
OCBC VoyageS$1,500,000Max S$400 (for more than 48 hrs)Max S$200 (for more than 6 hrs)N/AMax S$200 (for more than 4 hrs)Learn More
Maybank HorizonS$1,000,000Max S$1,000S$400 for 12 hr delayN/AN/ALearn More
HSBC Revolution CardS$1,000,000Max S$2,000 (S$1,000/person)S$800 (S$400/person)S$10,00 (S$4,000/person)S$1,000Learn More
Citi Rewards Visa CardS$1,000,000S$500/bag, max S$1,000S$200/8 hrs, max S$500S$500S$100 per 8 hrs, max S$500Learn More
Citi Cash Back CardS$1,000,000S$500/bag, max S$1,000S$200/8 hrs, max S$500S$500S$100 per 8 hrs, max S$500Learn More
UOB PRVI MilesS$1,000,000S$400S$200N/AN/A
CIMB Visa SignatureS$500,000Max S$500Max S$300Max S$300Max S$300
CardholderLost BagDelayed BagCancelled FlightDelayed Flight
Citi PMVLearn MoreS$1,000,000S$500/bag, max S$1,000S$100/8 hrs, max S$600S$500S$100 per 8 hrs, max S$500
DBS AltitudeLearn MoreS$1,000,000N/AN/AN/AN/A
Citi PrestigeLearn MoreS$1,000,000S$500/bag, max S$1,000S$200 per 8 hrs, max S$400S$500S$200 per 8 hrs, max S$400 per person
Standard Chartered Visa InfiniteLearn MoreS$1,000,000S$1,000/bag, max S$5,000S$200 per 6 hours, max S$1,000N/AN/A
OCBC VoyageMax S$200 (for more than 4 hrs)Learn MoreS$1,500,000Max S$400 (for more than 48 hrs)Max S$200 (for more than 6 hrs)N/A
Maybank HorizonLearn MoreS$1,000,000Max S$1,000S$400 for 12 hr delayN/AN/A
HSBC Revolution CardLearn MoreS$1,000,000Max S$2,000 (S$1,000/person)S$800 (S$400/person)S$10,00 (S$4,000/person)S$1,000
Citi Rewards Visa CardLearn MoreS$1,000,000S$500/bag, max S$1,000S$200/8 hrs, max S$500S$500S$100 per 8 hrs, max S$500
Citi Cash Back CardLearn MoreS$1,000,000S$500/bag, max S$1,000S$200/8 hrs, max S$500S$500S$100 per 8 hrs, max S$500
UOB PRVI MilesS$1,000,000S$400S$200N/AN/A
CIMB Visa SignatureS$500,000Max S$500Max S$300Max S$300Max S$300
Duckju Kang

Duckju is the Senior Vice President of ValueChampion Singapore. He covers the financial services industry, consumer finance products, budgeting, and investing. He previously worked in the financial services industry, including at such hedge funds as Tiger Asia and Cadian Capital.

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