Updated on April 27, 2026
Author: MybankingTips Team
Traveling abroad is becoming more common, whether for vacations, studies, business trips, or family visits. But along with excitement, travel also comes with uncertainty. Flight cancellations, medical emergencies, or last-minute changes can lead to unexpected expenses.
This is where credit cards with travel insurance come in. These cards not only make payments easy but also protect you financially during emergencies.
In this guide, we will explore some of the best credit cards in India that offer travel insurance benefits, especially trip cancellation coverage.
Why You Need a Credit Card with Travel Insurance
Travel insurance on credit cards helps you handle unexpected situations like:
- Flight or hotel cancellation
- Medical emergencies abroad
- Loss of baggage
- Trip delays or interruptions
Instead of paying out of your pocket, your credit card can cover these expenses (as per terms).
Best Credit Cards with Travel Insurance in India
1. IDFC FIRST Bank Mayura Credit Card
The IDFC FIRST Bank Mayura Credit Card is a premium travel-focused card designed for frequent travellers.
Key Features:
- Joining Fee: ₹5,999 + GST
- Cancel For Any Reason Insurance
- Get up to ₹50,000 reimbursement per cancellation
- Available twice a year
- Domestic & international lounge access
Why Choose This Card:
Perfect for travellers who want maximum flexibility while booking flights and hotels.
2. IDFC FIRST Bank Ashva Metal Credit Card
The IDFC FIRST Bank Ashva Metal Credit Card is another premium option offering strong travel protection.
Key Features:
- Joining Fee: ₹2,999 + GST
- Trip cancellation coverage up to ₹25,000
- Available twice a year
- Booking must be cancelled at least 24 hours before
Why Choose This Card:
A good choice if you want travel insurance at a relatively lower annual fee.
3. IndiGo IDFC FIRST Credit Card
The IndiGo IDFC FIRST Credit Card is ideal for frequent flyers who prefer IndiGo.
Key Features:
- Earn IndiGo BluChips on spends
- Trip cancellation coverage up to ₹25,000
- Available twice a year
- Benefits on flight bookings
Why Choose This Card:
Best suited for travellers who fly frequently and want rewards + protection together.
Comparison Table
Travel should be about exploring new places, not worrying about unexpected costs. A credit card with travel insurance ensures that you are financially protected in case something goes wrong.
Before applying, compare features carefully and choose the card that matches your travel style.
Things to Check Before Choosing a Travel Insurance Credit Card
Before applying, always check:
- Coverage amount (₹25,000 vs ₹50,000)
- Number of claims allowed per year
- Cancellation conditions (time limits, reasons)
- Annual fee vs benefits
- Additional perks like lounge access or rewards
Pros of Travel Insurance Credit Cards
- Financial protection during emergencies
- Saves money on cancellations
- Useful for frequent travellers
- Added benefits like lounge access and rewards
Cons to Keep in Mind
- Higher annual fees on premium cards
- Conditions on cancellation claims
- Limited number of claims per year
- Not all expenses are covered
Get This Card If
- You travel internationally multiple times a year
- You book non-refundable flights or hotels
- You want peace of mind during travel
- You prefer all-in-one travel benefits
Final Verdict
Travel insurance credit cards are becoming essential for modern travellers. They help you deal with unexpected situations without financial stress.
Among the options:
- Mayura Credit Card is best for premium travellers
- Ashva Metal Credit Card offers balanced value
- IndiGo IDFC FIRST Credit Card is ideal for frequent flyers
Choosing the right card depends on your travel frequency, budget, and preference for rewards or flexibility.
Conclusion
Travel should be about exploring new places, not worrying about unexpected costs. A credit card with travel insurance ensures that you are financially protected in case something goes wrong.
Before applying, compare features carefully and choose the card that matches your travel style.
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