Credit cards have many perks. Understanding them can help you use cards to their full potential.
One way credit cards can help is by helping with rental car insurance.
After an accident, your personal insurance pays first, even for a rental. After that, your credit card may be able to help with the difference. Most insurance plans have deductibles, and your card may cover yours.
This is a perk that many credit cards offer. In fact, it’s common for cards to offer rental insurance help. There are a few cards that do have forms of rental insurance perks.
If this perk is appealing to you, look into your options. Some cards offer better rental car coverage than others. You’ll likely find an option that fits your needs.
Inquire about primary vs. secondary coverage, as well. Most cards offer secondary coverage, meaning your auto insurance is billed first.
Is Credit Card Rental Coverage Worth It?
Rental coverage can save you a significant amount of money on your deductible. Rental car accidents can be costly. The security offered by coverage makes the card worth the cost.
You usually must turn down rental company insurance to receive your card’s coverage. Be sure to verify this with your company before your trip. This can save additional rental car expenses.
How Do I Get a Card That Has Rental Car Perks?
The application process for cards with rental car perks is fairly standard. When you find a card that offers these perks, you can apply online. Beware that some may have credit score minimums.
If your credit score is too low, you can work to improve it. Then, apply again before your next trip.