Most credit cards will offer some sort of rental car insurance to cover the damages of your rental car. To qualify for the coverage, you must charge the entire cost onto the card and decline the collision/damage insurance of your insurance company. By using your card’s insurance, you can avoid filing a claim with your insurance company and get charged with a higher monthly premium. The following are the 3 best cards that offer rental car insurance.
1. Chase Sapphire Preferred
Chase Sapphire Preferred offers primary rental insurance that covers up to the cash value of the rental cars for up to 31 days. Some of the damages it covers are physical damage, theft, loss of use during repair, and towing charges. Chase Sapphire Preferred do offer coverage for selected models of passenger vans that can carry up to 8 people. The types of vehicles that aren’t covered are luxury, and antique cars.
With Chase Sapphire Preferred, you can cover a rental car that is rented in any country. Chase Sapphire Preferred also offer 50,000 points which is worth $625 towards travel for those who charge at least $4,000 to the balance in the first 3 months. The annual fee is waived in the first year and $95 is charged afterward. It does not have any foreign transaction charges on overseas shopping.
2. Chase Sapphire Reserve
Chase Sapphire Reserve also provide primary car insurance but it has some difference in terms of the rewards. With this card, cardholders can receive special privileges if they book a rental car with selected car rental companies such as Avis, Silvercard and National Car Rental. The card offers 3 points on travel and dining worldwide.
Chase Sapphire Reserve also offer 50K bonus points but they are worth $100 more which is $750 in Chase Ultimate Rewards. Every year, you get a $300 travel statement for use towards your travel and $100 coverage on the Global Entry/TSA Precheck. The card has an expensive annual fee of $450. It has no foreign transaction fee.
3. Citi Aadvantage Platinum Select MasterCard
Citi Aadvantage Platinum Select MasterCard offers worldwide car rental insurance for up to 31 days. It will cover up to $100,000 of the repair cost or car cash value (whichever is lesser). It offers secondary insurance for car rented within the USA and primary insurance for car rented outside the USA.
In order to get covered, your car must be damaged in one of the 3 ways including accident, natural disaster and vandalism. Citi Aadvantage Executive World Elite MasterCard offers 60,000 miles as sign up bonus for customers who charge at least $3,000 to the balance in the first 3 months. The annual fee is $99 but it is waived in the first 12 months. It does not have any foreign transaction fee.