Changes and cancellations look a lot different today than before the COVID-19 pandemic. Some airlines now allow you to change your flight without paying a change fee, only requiring payment for any difference in fares. However, this might not apply if you’re flying basic economy or on a budget airline. The amount of your change or cancellation fee, if any, will depend on several factors such as your status with the airline, the fare category you chose and how close you are to the departure date.

If your flight gets rescheduled, you may be eligible to change or cancel it for free, so it’s important to familiarize yourself with the airline’s specific policy to know what you qualify for. Other times, airlines may allow you to fly on standby on the day of your flight, enabling you to take an earlier flight without paying anything additional. This isn’t helpful if you want to cancel your flight, but it can be beneficial if you want to arrive at your destination earlier than you originally planned.

Some credit cards also offer travel insurance, which can reimburse you for airfare if you become ill and unable to travel. For example, I have the Chase Sapphire Preferred® Card, and its terms and conditions state, “If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $10,000 per person and $20,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours and hotels.” Typically, to qualify for credit card-related cancellation coverage, you must have used that card to make the purchases for which you want to be reimbursed.

Fortunately, the Airbnb host in Madrid moved my check-in date from May 31 to June 11 and refunded me for the days I wasn’t there. If they hadn’t done that, I would have contacted Chase to see if I qualified for the trip interruption insurance, as I used my Sapphire Preferred for the booking.

Find the Best Credit Cards For Travel Insurance Of 2024

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Last Update: July 2, 2024