The Essentials

Some Credit Cards Are Getting Rid Of Travel Perks

Many frequent travelers are now being inundated with new offers for credit cards that promise any number of great travel perks and bonuses. But at the same time, a growing number of financial institutions are now quietly cutting back on their rewards.

 

The Discover card recently got rid of several key benefits for travelers, like purchase protection, auto rental insurance, and flight accident insurance.

 

Chase has cut lost-luggage protection, travel accident insurance, and trip-cancellation or interruption coverage from some of its cards.

 

And Citibank eliminated benefits such as purchase protection, lost baggage protection, trip-cancellation and trip interruption insurance.

 

So before you sign up for another card or renew an existing one, always check to see if the perks are still there.