The Ultimate Guide to Credit Card Rental Car Insurance
Want to know more about credit card rental car insurance? Our guide covers everything from the best credit cards for rental car insurance to how to file a claim. Get the most out of your credit card benefits today!
Introduction: Renting a car can be a convenient way to get around, but it can also come with additional costs, such as insurance. However, did you know that many credit cards offer rental car insurance as a benefit? If you're not aware of this, you could be leaving money on the table. In this guide, we'll explore the ins and outs of credit card rental car insurance, from the top credit cards that offer the best coverage to how to file a claim if an accident occurs. Whether you're a frequent traveler or just renting a car for a weekend getaway, our guide will help you get the most out of your credit card benefits.
What is Credit Card Rental Car Insurance and How Does It Work?
Credit card rental car insurance is a type of coverage offered by many credit card companies that can provide protection when renting a car. This insurance can be a valuable benefit for cardholders, as it can help save money and provide peace of mind while traveling.
Here's how it works: when you rent a car using your credit card, you may be eligible for rental car insurance at no additional cost. The coverage typically includes damage to the rental car as well as theft, and may also cover personal injuries and property damage caused by the rental car.
To be eligible for this coverage, you usually need to decline the rental car company's collision damage waiver (CDW) or loss damage waiver (LDW) at the time of rental. It's important to note that credit card rental car insurance is typically secondary coverage, which means it kicks in after your primary insurance policy (if you have one) has been exhausted.
Not all credit cards offer rental car insurance, so it's important to check with your card issuer to see if this benefit is available to you. Some cards offer more comprehensive coverage than others, so it's important to review the terms and conditions of your card's policy to understand what is covered and what is not.
It's also important to note that credit card rental car insurance may not cover all types of vehicles, such as luxury cars or large vans. Additionally, some countries may not be covered by the insurance, so it's important to check with your card issuer before renting a car abroad.
In the event of an accident, you will need to file a claim with your credit card company. This process may require documentation, such as a police report or rental agreement, so it's important to keep all relevant paperwork and follow the instructions provided by your card issuer.
What is credit card rental car insurance?
Credit card rental car insurance is a benefit offered by many credit card companies that provides coverage for rental cars. When you use your credit card to rent a car, you may be eligible for certain insurance benefits that can save you money and provide peace of mind during your rental period.
Typically, credit card rental car insurance provides coverage for physical damage to the rental car, theft of the rental car, and liability coverage for damages or injuries to others caused by the rental car. This can be a great option for those who want to save money on the expensive insurance policies offered by rental car companies.
It's important to note that the coverage provided by credit card rental car insurance can vary depending on the credit card company and the specific card you have. Some credit cards may offer more comprehensive coverage than others, while some may have specific exclusions or limitations that you need to be aware of.
In order to take advantage of credit card rental car insurance, you typically need to decline the rental car company's insurance coverage and use your credit card to pay for the rental. You may also need to meet certain requirements, such as being the primary renter of the car and using the card to book the rental.
How does credit card rental car insurance work?
Credit card rental car insurance can provide coverage for rental car damage or theft when you use your credit card to pay for the rental car. The coverage varies by card issuer, but it typically offers collision damage waiver (CDW) or loss damage waiver (LDW) coverage.
When you rent a car and pay for it with your credit card, the credit card company will provide insurance coverage for any damage or theft of the rental car. You will need to decline the rental car company's CDW or LDW coverage to qualify for the credit card insurance.
If there is any damage or theft of the rental car during the rental period, you will need to file a claim with the credit card company to receive reimbursement. The credit card company may require documentation, such as a police report or rental agreement, to process the claim.
It's important to note that credit card rental car insurance typically does not cover liability or personal injury. You will need to check your card's terms and conditions to understand the extent of the coverage and any exclusions.
What does credit card rental car insurance cover?
Credit card rental car insurance typically provides coverage for damage or theft to a rental car. The specific coverage varies depending on the credit card company and the terms of the policy. However, most policies cover the following:
- Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW): This covers the cost of repairs to the rental car if it is damaged due to a collision, theft, or vandalism.
- Supplemental Liability Insurance: This covers damages or injuries to others in case of an accident.
- Personal Accident Insurance: This provides coverage for medical expenses resulting from an accident while driving the rental car.
- Personal Effects Coverage: This covers the loss of personal belongings in the rental car.
It's important to note that credit card rental car insurance may not cover all types of rental cars or all situations. For example, luxury cars, trucks, and vans may not be covered. Additionally, coverage may not apply if the rental car is driven in certain countries or if the driver is under the influence of drugs or alcohol. It's always best to read the terms of the policy carefully before renting a car and using credit card rental car insurance.
What are the benefits of using credit card rental car insurance?
Using credit card rental car insurance can offer several benefits, including:
- Cost savings: Credit card rental car insurance can help you save money on rental car insurance fees. This can be especially beneficial for frequent travelers who rent cars often.
- Convenience: Instead of having to purchase rental car insurance separately, you can simply use your credit card's insurance coverage. This saves time and hassle at the rental car counter.
- Comprehensive coverage: Credit card rental car insurance policies can offer comprehensive coverage that may include collision damage, theft, and even personal injury protection.
- Flexibility: Unlike some rental car insurance policies, credit card rental car insurance may cover a wider range of rental vehicles, including luxury and exotic cars.
- Peace of mind: Knowing that you have insurance coverage in case of an accident can give you peace of mind while driving a rental car.
However, it's important to note that credit card rental car insurance coverage can vary depending on the credit card issuer and the specific policy. It's important to review the terms and conditions of your credit card's rental car insurance policy carefully to understand what is and isn't covered. Additionally, some credit card rental car insurance policies may have restrictions or exclusions, such as certain types of rental vehicles or countries where coverage isn't available.
What are the limitations of credit card rental car insurance?
While credit card rental car insurance can be a valuable benefit for cardholders, there are some limitations to be aware of. Here are some of the main limitations to consider:
- Coverage limits: Most credit card rental car insurance policies have coverage limits that may not cover the full cost of an accident or theft. In some cases, the coverage limit may be lower than the deductible on your personal auto insurance policy.
- Exclusions: Credit card rental car insurance may not cover certain types of vehicles, such as expensive or exotic cars, or certain destinations, such as off-road or unpaved roads.
- Geographical limitations: Some credit card rental car insurance policies may only provide coverage in certain countries or regions, or may have restrictions on the length of time you can rent a car.
- Secondary coverage: Credit card rental car insurance is typically secondary coverage, meaning it only kicks in after your primary auto insurance policy has been exhausted. This can be an issue if you don't have personal auto insurance or if your personal policy has a high deductible.
- Required documentation: In order to qualify for credit card rental car insurance, you may be required to provide certain documentation, such as a copy of the rental agreement or proof of declined coverage from the rental car company.
It's important to review the terms and conditions of your credit card rental car insurance policy carefully to understand its limitations and ensure that you have the coverage you need in the event of an accident or theft.
How to Use Credit Card Rental Car Insurance
If you're planning to use credit card rental car insurance, it's important to know the steps to take to ensure that you're properly covered. Here are some steps to follow:
- Read your credit card agreement: The first step is to review your credit card agreement to see if it offers rental car insurance coverage. Make sure to read the terms and conditions carefully to understand the limitations and restrictions.
- Decline the rental car company's insurance: To use your credit card's rental car insurance, you must decline the rental car company's insurance. Be sure to confirm with the rental car company that you're declining their coverage and that you'll be using your credit card's coverage.
- Use the correct credit card: Not all credit cards offer rental car insurance coverage, so make sure to use the correct credit card that offers this benefit. Additionally, some credit cards may offer different levels of coverage, so be sure to use the one that provides the most comprehensive coverage.
- Rent the car in your name: The rental car contract must be in your name, and you must be the primary renter. If someone else is renting the car, they will need to use their credit card rental car insurance.
- Follow the rental car agreement: Be sure to follow the rental car agreement, including returning the car on time and in good condition. Failure to follow the rental car agreement could result in a denial of coverage.
- File a claim if necessary: If you're involved in an accident or the car is damaged or stolen, contact your credit card company immediately to file a claim. Be prepared to provide documentation, such as the rental car agreement, police report, and any other relevant information.
Using credit card rental car insurance can save you money and provide peace of mind while traveling. Just be sure to follow these steps to ensure that you're properly covered.
How to activate credit card rental car insurance
To activate your credit card rental car insurance, you will need to follow these steps:
- Check your credit card benefits: Not all credit cards offer rental car insurance, and the coverage may vary from card to card. Review your credit card benefits guide or contact your card issuer to determine if you have coverage and what the terms and conditions are.
- Rent the car with your credit card: To be eligible for coverage, you must use the credit card that offers the rental car insurance to pay for the rental car. Be sure to decline the rental agency's collision damage waiver (CDW) or loss damage waiver (LDW) if offered, as this coverage may overlap with your credit card's insurance.
- Familiarize yourself with the coverage: Make sure you understand what is covered and what is not covered under your credit card rental car insurance policy. This information should be available in your credit card benefits guide or by contacting your card issuer.
- Document the rental: Take photos or videos of the rental car before and after your rental period, noting any damages or issues. This documentation can be helpful in the event of a claim.
- File a claim if necessary: If you are involved in an accident or the rental car is stolen or damaged, contact your credit card company as soon as possible to file a claim. Follow their instructions for providing documentation and completing the claims process.
By following these steps, you can activate and utilize your credit card rental car insurance to potentially save money on rental car insurance fees and protect yourself in the event of an accident or other rental car incident.
How to decline rental car insurance at the rental counter
Declining rental car insurance at the rental counter can be a smart decision if you have credit card rental car insurance or another insurance policy that already covers you. Here are some steps to follow to decline rental car insurance at the rental counter:
- Check your insurance policies: Before you rent a car, review your current insurance policies, such as your personal auto insurance, homeowner's insurance, or travel insurance. Check if they cover rental car insurance or not. If yes, you may not need to purchase additional coverage from the rental company.
- Know the terms and conditions: Familiarize yourself with the terms and conditions of your credit card rental car insurance or other insurance policies. Check the coverage limits, exclusions, deductibles, and other details to understand what is covered and what is not.
- Be confident: When you arrive at the rental counter, the representative will likely ask if you want to purchase their insurance. Politely decline and inform them that you have alternative coverage that already covers you. Be confident in your decision, as rental companies often try to persuade you to buy their insurance.
- Present your proof of coverage: After declining the rental car insurance, present your proof of coverage to the rental company. This can be a copy of your credit card rental car insurance policy, a letter from your insurance provider, or any other documentation that shows you have coverage.
- Sign the rental agreement: Once the rental company verifies your coverage, they will ask you to sign the rental agreement. Make sure to read the agreement carefully before signing it and keep a copy of the agreement for your records.
By following these steps, you can confidently decline rental car insurance at the rental counter and avoid unnecessary expenses.
How to file a claim with your credit card company
If you've been in an accident or your rental car has been stolen, you may need to file a claim with your credit card company to take advantage of your credit card rental car insurance benefits. Here are the general steps you can take to file a claim:
- Contact your credit card issuer: As soon as possible, call the customer service number on the back of your credit card and let them know you need to file a claim. They will guide you through the process and provide you with the necessary forms and information.
- Provide necessary information: To file a claim, you'll need to provide documentation such as a copy of the rental agreement, the police report (if applicable), and any receipts related to the rental car. Your credit card issuer will let you know exactly what information is needed.
- Fill out the claim form: You'll need to fill out a claim form, which will ask for details such as the date and time of the incident, the location, and a description of what happened. Make sure to be as accurate and detailed as possible.
- Submit the claim form and documentation: Once you have completed the claim form and gathered all necessary documentation, submit it to your credit card issuer as instructed. You may be able to submit the claim online or via mail.
- Wait for a response: Your credit card issuer will review your claim and notify you of their decision. If approved, they will provide instructions on how to proceed with getting reimbursed for the covered expenses.
It's important to note that the specific process for filing a claim may vary depending on your credit card issuer and the details of your coverage. Always review your credit card's terms and conditions and contact your issuer directly with any questions or concerns.
How to submit required documents for credit card rental car insurance
If you need to submit required documents for credit card rental car insurance, the process will vary depending on the credit card company and the specific policy. However, here are some general guidelines to follow:
- Contact your credit card company: Before submitting any documents, contact your credit card company to determine what documents are required and where they should be sent. They may have a specific email address or online portal for submitting claims and documentation.
- Obtain necessary documentation: Gather all the necessary documents, including the rental car agreement, accident report, police report, and any other documentation required by your credit card company.
- Complete required forms: Some credit card companies may require you to fill out specific forms or provide information about the incident. Make sure to fill out these forms completely and accurately.
- Submit documents: Once you have all the necessary documents, submit them to the credit card company as instructed. It is important to submit the documents in a timely manner, as any delays could affect the outcome of your claim.
- Follow up: After submitting your documents, follow up with the credit card company to ensure that they have received everything they need. You may also want to check on the status of your claim periodically.
In summary, the process for submitting required documents for credit card rental car insurance will vary depending on the specific policy and credit card company. However, by following these general guidelines, you can ensure that you provide all the necessary documentation in a timely and accurate manner, increasing your chances of a successful claim.
How to check credit card rental car insurance coverage
To check your credit card rental car insurance coverage, you should first review your credit card's benefits guide or contact your credit card issuer's customer service department. These resources will provide you with detailed information about your card's rental car insurance coverage, including the specific benefits and limitations.
You can also check your credit card statement or online account portal to see if you were charged for any rental car insurance fees during a recent rental. If you were not charged any fees, it is likely that your credit card's rental car insurance coverage was used instead.
It is important to note that credit card rental car insurance coverage may vary depending on the type of credit card you have and the rental car company you are using. Therefore, it is always a good idea to check your coverage before renting a car to ensure that you are protected in case of an accident or other incident.
The Best Credit Cards for Rental Car Insurance
Credit card rental car insurance can save you money and offer peace of mind when you're renting a car. However, not all credit cards offer the same level of coverage. Here are some of the best credit cards for rental car insurance:
- Chase Sapphire Preferred: This card offers primary rental car insurance coverage for theft and collision damage up to the actual cash value of the car, as well as secondary coverage for medical expenses and personal liability.
- American Express Platinum Card: This card offers up to $75,000 in coverage for theft and damage to the rental car, as well as secondary coverage for medical expenses and personal liability.
- United Explorer Card: This card offers primary coverage for theft and collision damage up to the actual cash value of the car, as well as secondary coverage for medical expenses and personal liability.
- Citi Prestige Card: This card offers primary coverage for theft and collision damage up to the actual cash value of the car, as well as secondary coverage for medical expenses and personal liability.
- Discover it Miles: This card offers primary coverage for theft and collision damage up to the actual cash value of the car, as well as secondary coverage for medical expenses and personal liability.
It's important to note that coverage limits and benefits may vary depending on the card and issuer. Always read your credit card's terms and conditions carefully before renting a car to understand your coverage options and limitations.
Chase Sapphire Reserve
The Chase Sapphire Reserve credit card is one of the best options available for rental car insurance coverage. This premium travel credit card offers primary rental car insurance coverage for up to $75,000 in damages or theft, and includes coverage for rental periods of up to 31 days.
In addition to rental car insurance, the Chase Sapphire Reserve offers a range of other travel benefits, such as trip cancellation/interruption insurance, travel accident insurance, and access to airport lounges through the Priority Pass Select program. The card also earns valuable Ultimate Rewards points on all purchases, which can be redeemed for travel, cash back, or transferred to airline and hotel loyalty programs.
However, the Chase Sapphire Reserve does come with a high annual fee of $550, which may not be worth it for some cardholders. Additionally, this card requires an excellent credit score to qualify, and has high spending requirements to earn the sign-up bonus. Overall, the Chase Sapphire Reserve is a great option for frequent travelers who want top-notch rental car insurance coverage and other premium travel benefits.
| Point | Description |
|---|---|
| Annual fee | $550 |
| Sign-up bonus | 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening |
| Earning rate | 3X points on travel (excluding $300 travel credit), 3X points on dining at restaurants, 1 point per $1 spent on all other purchases |
| Travel benefits | $300 annual travel credit, Priority Pass Select airport lounge access, TSA PreCheck or Global Entry application fee credit, primary car rental insurance, trip cancellation and interruption insurance, trip delay reimbursement, emergency evacuation and transportation, roadside assistance, baggage delay insurance, lost luggage reimbursement |
| Earning rate | 3X points on travel (excluding $300 travel credit), 3X points on dining at restaurants, 1 point per $1 spent on all other purchases |
| Dining benefits | $60 annual DoorDash credit, complimentary DashPass subscription, 10X points on Lyft rides |
| Redemption options | Redeem points for travel through Chase Ultimate Rewards, transfer points to airline and hotel partners, use points for cash back, gift cards, or merchandise |
| Other perks | Complimentary Lyft Pink membership, 1:1 point transfer to airline and hotel partners, no foreign transaction fees, purchase protection, extended warranty |
| Requirements for approval | Good to excellent credit score |
| Potential drawbacks | High annual fee, rewards redemption value can vary depending on the redemption option, high spending requirement to earn sign-up bonus |
| Who it's best for | Frequent travelers and diners who can take advantage of the card's travel and dining benefits, and who can earn enough points to justify the high annual fee. |
Chase Sapphire Preferred
The Chase Sapphire Preferred is a popular travel credit card that offers rental car insurance coverage as one of its benefits. The card offers primary coverage, which means that you can decline the rental car company's insurance and still be covered in case of an accident.
Here are some key points to know about the rental car insurance coverage offered by the Chase Sapphire Preferred:
- Coverage applies to rentals that are paid for with the card and that are in the name of the cardholder or an authorized user.
- The coverage is primary, which means it pays out before any other insurance you have, including your personal auto insurance.
- The coverage is good for rental cars with a retail value of up to $75,000 and rental periods of up to 31 consecutive days.
- The coverage includes damage to the rental car as well as theft, towing, and loss-of-use charges that the rental car company may impose.
- The coverage does not include liability insurance, which covers damage or injury you may cause to other people or their property. Make sure you have adequate liability insurance from another source, such as your personal auto insurance or a separate liability policy.
- Certain types of vehicles are not covered, such as exotic or antique cars, trucks, motorcycles, and large vans.
Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card is a popular choice for frequent travelers looking for credit card rental car insurance benefits. This card offers primary rental car coverage for damages or theft, which means that you don't have to file a claim with your personal auto insurance or pay any deductible if an incident occurs.
In addition to rental car insurance benefits, the Capital One Venture Rewards Credit Card also provides other travel-related perks, such as a credit towards TSA PreCheck or Global Entry application fees, travel accident insurance, and no foreign transaction fees. Cardholders can earn 2x miles per dollar spent on all purchases, which can be redeemed for travel expenses such as flights, hotels, and rental cars.
To activate the rental car insurance benefit on the Capital One Venture Rewards Credit Card, you must decline the rental company's collision damage waiver (CDW) or loss damage waiver (LDW) and pay for the entire rental with the credit card. If an incident occurs, you must report the claim within 45 days and submit the required documentation, such as a police report or rental agreement.
American Express Platinum Card
The American Express Platinum Card is a high-end credit card that offers numerous benefits and perks to its cardholders, including rental car insurance. When renting a car with the Amex Platinum card, you can decline the rental company's insurance coverage and use the card's rental car insurance instead.
The Amex Platinum card offers primary coverage for damage or theft of the rental car, up to the actual cash value of the vehicle, in the US and abroad. This means that you don't have to file a claim with your personal insurance policy if something happens to the rental car.
To activate the rental car insurance coverage with your Amex Platinum card, you must decline the rental company's insurance coverage and pay for the rental car with your Amex Platinum card. You should also check the terms and conditions of the coverage to ensure that you meet all the requirements and limitations.
The Amex Platinum card also offers other benefits that can enhance your rental car experience, such as access to premium car rental programs, discounts with select rental car companies, and 24/7 customer support for any issues that may arise during your rental.
Citi Premier Card
The Citi Premier Card is a travel credit card that offers several benefits, including rental car insurance. It provides coverage for damage or theft to a rental car when you use the card to pay for the rental and decline the rental company's insurance. Here are some of the key points about the rental car insurance offered by the Citi Premier Card:
Coverage: The card provides coverage for physical damage and theft of a rental car, up to the actual cash value of the car. It also covers reasonable loss of use charges and towing charges.
Restrictions: The coverage is valid for rental periods of up to 31 days and only covers rental cars with a retail value of up to $75,000. Some types of vehicles, such as trucks, vans, and luxury cars, may not be covered.
Activation: To activate the coverage, you must decline the rental company's insurance and use the Citi Premier Card to pay for the entire rental transaction.
Documentation: In the event of a claim, you will need to provide documentation such as the rental agreement, repair estimate, and police report (if applicable). You should report the claim as soon as possible to the benefits administrator by calling the number on the back of your card.
Exclusions: The coverage may not apply in certain situations, such as if the rental car is used for illegal purposes, or if it is damaged due to off-road driving, racing, or driving under the influence of drugs or alcohol.
Wells Fargo Propel American Express Card
The Wells Fargo Propel American Express Card is a great credit card option for those who frequently rent cars and are looking to benefit from rental car insurance coverage. Here are some key points to consider:
- Coverage: The Wells Fargo Propel American Express Card provides secondary rental car insurance coverage, meaning it will kick in after your personal car insurance policy. It covers up to the actual cash value of the vehicle for theft or damage, as well as towing charges and any loss-of-use fees imposed by the rental car company.
- Activation: To activate rental car insurance coverage, you must pay for the entire rental with your Wells Fargo Propel American Express Card and decline the rental company's insurance at the time of rental.
- Benefits: In addition to rental car insurance coverage, the Wells Fargo Propel American Express Card offers a range of other travel benefits, including no foreign transaction fees, travel accident insurance, and 24/7 travel and emergency assistance.
- Rewards: Cardholders can earn 3x points on a wide range of travel expenses, including flights, hotels, rental cars, and more. The card also offers 3x points on dining, gas stations, and select streaming services, making it a great option for those who like to earn rewards on everyday spending.
- Fees: The Wells Fargo Propel American Express Card has no annual fee, making it a great option for those who want to benefit from rental car insurance coverage without paying a premium for it.
United Explorer Card
The United Explorer Card is a travel rewards credit card that comes with rental car insurance benefits. Cardholders can receive primary rental car insurance coverage for eligible rentals when they decline the rental company's collision damage waiver and pay for the rental with their United Explorer Card.
Here are some key benefits of rental car insurance coverage with the United Explorer Card:
- Primary coverage for damage due to collision or theft, up to the actual cash value of most rental vehicles
- Coverage for eligible rentals up to 31 consecutive days in the United States and most foreign countries
- Coverage for eligible rental cars with a manufacturer's suggested retail price (MSRP) of up to $75,000
- To activate the rental car insurance benefit, cardholders must decline the rental company's collision damage waiver and pay for the rental with their United Explorer Card. Cardholders should also review the terms and conditions of the benefit carefully to ensure they meet all eligibility requirements.
It's important to note that certain types of vehicles are not eligible for coverage, such as exotic cars, antique cars, and certain vans. Additionally, coverage may not apply in certain countries due to legal or regulatory restrictions. Cardholders should also be aware of any deductibles or exclusions that may apply to their coverage.
Discover it Miles
The Discover it Miles credit card is a great option for rental car insurance coverage. Cardholders are automatically provided with secondary rental car insurance coverage when they use their card to rent a car. This coverage can provide reimbursement for damages or theft of the rental car, as well as some medical expenses for you and your passengers.
In addition to rental car insurance, the Discover it Miles card also offers a generous rewards program. Cardholders earn 1.5 miles per dollar spent on all purchases, which can be redeemed for travel, statement credits, or cash back. There is no annual fee for the Discover it Miles card, making it a great option for those looking for a no-fee credit card with rental car insurance coverage.
It's important to note that the rental car insurance coverage provided by Discover is secondary, meaning that it will only provide coverage after your personal auto insurance policy has been exhausted. However, if you don't have personal auto insurance or don't want to file a claim with your insurance company, the Discover it Miles card's rental car insurance can be a valuable benefit.
Bank of America Travel Rewards Credit Card
The Bank of America Travel Rewards Credit Card is another great credit card option for rental car insurance. With this card, you can decline the rental car company's collision insurance and be covered for any damage or theft up to the actual cash value of the rental car. The coverage is secondary, which means it kicks in after your primary insurance policy, but it can still save you a significant amount of money in the event of an accident or theft.
To activate the coverage, you must pay for the entire rental with your Bank of America Travel Rewards Credit Card and decline the rental car company's collision insurance. The coverage includes all authorized drivers and any rental car that is rented for 31 consecutive days or less.
In addition to rental car insurance, the Bank of America Travel Rewards Credit Card offers other travel benefits, such as no foreign transaction fees and travel accident insurance. It also earns rewards points on all purchases, which can be redeemed for travel, cash back, or gift cards.
USAA Rewards American Express Card
The USAA Rewards American Express Card is a credit card that offers rental car insurance coverage to cardholders. The card offers coverage for damage or theft of a rental car, as well as secondary coverage for personal injury or property damage to others.
The rental car insurance coverage is activated when the cardholder uses their card to pay for the rental car and declines the rental car company's insurance coverage. The coverage is valid for rentals of up to 31 consecutive days.
In addition to rental car insurance coverage, the USAA Rewards American Express Card also offers rewards points on purchases, no annual fee, and no foreign transaction fees. The rewards points can be redeemed for travel, merchandise, and other rewards.
To be eligible for the USAA Rewards American Express Card, applicants must be active or former military members, eligible family members, or cadets or midshipmen. The card also requires good to excellent credit for approval.
Conclusion: Credit card rental car insurance can be a valuable benefit for cardholders who rent cars frequently. Knowing which cards offer the best coverage and how to use the benefit can save you money and provide peace of mind on your next rental. We hope our guide has been helpful in providing you with the information you need to make the most of your credit card rental car insurance benefits. If you have any questions or comments, please feel free to leave them below.
FAQ:
- What is credit card rental car insurance?
- What types of rental car insurance coverage options are available?
- How does credit card rental car insurance work?
- What types of damage are covered under credit card rental car insurance?
- What are the benefits of using credit card rental car insurance?
- How do I use credit card rental car insurance?
- What are the limitations and exclusions of credit card rental car insurance?
- How does credit card rental car insurance compare to rental car company insurance?
- What are some tips for getting the most out of credit card rental car insurance?
- Why is it important to have credit card rental car insurance?
Footnote:
Forbes - "The Best Credit Cards for Rental Car Insurance in 2021"
NerdWallet - "How Credit Card Car Rental Insurance Works"
The Balance - "Understanding Credit Card Rental Car Insurance"
Investopedia - "Do You Need Rental Car Insurance?"
Credit Karma - "How to File a Rental Car Insurance Claim"
Bankrate - "What Does Rental Car Insurance Cover?"
Money Under 30 - "The Ultimate Guide to Credit Card Rental Car Insurance"
ValuePenguin - "Credit Cards That Offer Primary Car Rental Insurance"
Car and Driver - "Credit Card Rental Car Coverage: Everything You Need to Know"
Consumer Reports - "Guide to Car Insurance"
