The brand new phrases took impact Nov. 2, 2026, in keeping with a discover of modifications to the cardboard’s certificates of insurance coverage and notifications despatched to cardholders.
Present cardholders who’ve a loss between Nov. 2 and Dec. 10, 2026 may have their declare judged underneath whichever wording, outdated or new, is best for them.
On the plus aspect, emergency medical protection now applies to the primary 21 days of a visit, up from 14, and rental automobile protection now applies to autos with a producer’s urged retail value (MSRP) of as much as $100,000, up from $65,000.
The downsides are that the cardboard now not covers purchases you lose, and flight delay advantages should not thought-about after any compensation you’re owed underneath Canada’s air passenger guidelines.
The Visa Infinite Privilege, or VIP, is Wealthsimple’s premium bank card. It has the identical journey insurance coverage because the Visa Infinite + card, with increased limits, together with up to $2 million in emergency medical coverage.
The cardboard earns 2% money again, carries a $240 annual charge (waived in case you meet sure necessities) and requires a minimal revenue of $150,000, or $200,000 for households.
Right here’s what changed on Nov. 2:
Medical protection runs 21 days as an alternative of 14
Per the discover, emergency medical protection for journeys exterior your province or the nation now applies to the primary 21 days of a visit, up from 14.
Protection is for travellers underneath 65.
The certificates additionally now says it solely applies to journeys taken after its efficient date and whereas protection is in impact. A 3-week trip now suits contained in the coated interval, however something longer will want separate cowl.
Canada’s finest journey insurance coverage bank cards
Rental automobile protection has the next value cap
Collision and loss harm protection now excludes any automobile with a (pre tax) MSRP, above $100,000. The outdated restrict was $65,000, so dearer vehicles qualify now.
The way you decline the rental firm’s collision harm waiver (CDW) has additionally modified. You solely have to say no it “if legally allowed.”
In locations the place native legislation makes you purchase the company’s protection, Wealthsimple’s insurance coverage provides an additional protection layer on high.
Journey cancellation now covers vouchers
If it’s important to cancel a visit for a coated purpose, the cardboard can reimburse the pay as you go half you possibly can’t get again. In accordance with the discover, this contains vouchers for future journey. The bounds of as much as $1,500 per particular person and $5,000 per journey stay unchanged.
A authorities journey advisory may set off protection. If World Affairs Canada issues a proper discover telling Canadians to not journey to your vacation spot, due to issues like terrorism, civil unrest or a pure catastrophe, you’re coated so long as it comes after you’ve booked and inside 30 days of departure. Outbreaks of communicable illness are nonetheless excluded.
Journeys paid partly with factors
The certificates now defines “full price” for journey cancellation, baggage, flight delay, and rental automobile protection. It’s the worth of the journey, ticket, or rental automobile minus no matter you paid for with journey rewards factors, so long as some quantity was charged to the cardboard.
