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American Express Gold Card Rental Car Insurance

Do you need to know the terms and conditions of American Express Gold Card’s Auto Collision Damage Waiver? We read through the fine print and found the key information for you!

This article will compare the Collision Damage Waiver terms from the American Express Gold credit card to other popular travel benefit credit cards. Keep reading to compare the perks offered by the American Express Gold Card!

What’s Covered with American Express Gold Card’s Auto Rental Collision Damage Waiver?

The Collision Damage Waiver (CDW) offered by American Express Gold Card is secondary coverage. This CDW is designed to cover the deductible from other insurance.

Situations where the CDW coverage comes in handy include:

If you want to know the specific value of American Express Gold’s Collision Damage Waiver, that will depend on the deductible of your regular automobile insurance. Your benefit is limited to a maximum amount of $50,000.

What is Excluded with American Express Gold Card’s Auto Rental Collision Damage Waiver?

Rental car customers need to know that not every rental vehicle is covered by American Express Gold Card’s Collision Damage Waiver.

Here’s a list of several important exclusions to be aware of:

American Express Gold Card’s vs. Other Cards’ Rental Car Insurance Offers

Other credit cards also offer Collision Damage Waivers. It’s important to note that many of these other cards offer to pay the cash value of the rental car with a limit of around $75,000, but American Express’ Gold Card caps this benefit at $50,000.

Here we created a table for readers to compare other factors of credit cards with Collision Damage Waivers like annual fees.

Credit Card Rental Car Insurance  Location Provided What is covered? Annual Fee
American Express Gold Card Provided Worldwide With Few Exceptions Damage or Theft of Rental Vehicle $250
American Express Platinum Card Provided Worldwide With Few Exceptions Damage or Theft of Rental Vehicle $695
Bank of America Travel Rewards Provided Worldwide With Few Exceptions Damage or Theft of Rental Vehicle $0
Capital One Venture X Travel Rewards Credit Card Provided Worldwide With Few Exceptions Damage or Theft of Rental Vehicle $395
Chase Freedom Unlimited Provided Worldwide With Few Exceptions Damage or Theft of Rental Vehicle, Loss of Use Charges $0
Chase Sapphire Reserve Provided Worldwide With Few Exceptions Damage or Theft of Rental Vehicle, Loss of Use Charges $550
Costco Anywhere Visa Card by Citi Provided Worldwide With Few Exceptions Damage or Theft of Rental Vehicle Costco Membership, $60/Person
Ink Business Cash by Chase Provided Worldwide With Few Exceptions Damage or Theft of Rental Vehicle $0
Ink Business Preferred by Chase Provided Worldwide With Few Exceptions Damage or Theft of Rental Vehicle $95
Southwest Rapid Rewards Premier Provided Worldwide With Few Exceptions Damage or Theft of Rental Vehicle $99

American Express Gold Card Travel Benefits vs. Other Cards’ Benefits

American Express cardholders get travel perks above and beyond the Auto Renewal Collision Damage Waiver. These perks include bonuses like Trip Delay Insurance and Baggage Insurance.

This table will compare several benefits of popular credit cards at a glance.

Credits Card Purchase APR Gasoline Rewards Restaurants/Bars Other Travel
American Express Gold Card 19.74% to 26.74% 1x Points 4x Points 3x Points for Flights Booked through AmexTravel and Other Credits Available
American Express Platinum Card 19.74% to 26.74% 1x Points 1x Points 5x Points for Flights and Hotels Booked through AmexTravel Plus Credits for Hotels, TSA Precheck and More
Bank of America Travel Rewards 16.99% to 26.99% 1.5 Points per $1 1.5 Points per $1 1.5 Points per $1
Capital One Venture X Travel Rewards Credits Card 19.99% to 26.99% 2x Miles 2x Miles 10x Miles for Rental Cars and Hotels, 5x Miles for Flights, Plus Credits through Capital One Travel, Other Bonus Miles
Chase Freedom Unlimited 18.74% to 27.49% 1.5 % Cash Back 3% Cash Back 5% cashback for Flights, Hotels, Rental Cars, Activities, and Cruises
Chase Sapphire Reserve 20.74% to 27.74% 1 reward point per $1 3x Points on Dining Out, 10x Points on Select Dining $300 Annual Travel Credits, 5x Points on Flights, 10x Points on Cars and Hotels, 3x Points on Other Travel
Costco Anywhere Visa Card by Citi 18.99% 4% on Gas and EV Charging First $7,000 then 1% After 3% Cash Back 3% on Eligible Travel Purchases
Ink Business Cash by Chase 16.24% to 22.24% 2% Cash Back on First $25,000 Annually 2% Cash Back on first $25,000 Annually 1% Unlimited Cash Back on All Purchases
Ink Business Preferred by Chase 18.99% to 23.99% 1x Points 1x Points 3x Points for Select Travel Purchases, Travel Insurance
Southwest Rapid Rewards Premier 19.74% to 26.74% 1 Reward point per $1 1 Reward point per $1 3 Points for Every $1 on Southwest, 2 Points for Every $1 on Rapid Rewards Hotel and Car Partners

Frequently Asked Questions

Do credit card companies offer car protection for rented cars?

Some credit cards, like the American Express Gold credit card, have an Auto Rental Collision Damage Waiver as a cardholder benefit. The Collision Damage Waiver helps cover the value of the rental car if it’s damaged or stolen.

How do I learn if my credit card has rental car insurance?

You may read your Guide to Benefits or call your credit card customer service line to determine if your credit card offers rental insurance.

References

(2022). American Express Gold Card. americanexpress.com. Retrieved November 18, 2022, from https://www.americanexpress.com/us/credit-cards/card/gold-card/?eep=26129&extlink=af-us-ccsg-GLDLM&irgwc=1&veid=RHES8l3FoxyNTw0wVCwYvw4MUkDSaQSBI2YPQg0&affid=494094&pid=IR&affname=Upgraded%20Points%2C%20LLC&sid=14011830036&pmc=784&BUID=CCG&CRTV=controlaffcps&MPR=00

(2022). American Express Platinum Card. americanexpress.com. Retrieved November 18, 2022, from https://www.americanexpress.com/us/credit-cards/card/platinum/?eep=26129&extlink=af-us-ccsg-PLALM&irgwc=1&veid=RHES8l3FoxyNTw0wVCwYvw4MUkDSaWWdI2YPQg0&affid=494094&pid=IR&affname=Upgraded%20Points%2C%20LLC&sid=14011830036&pmc=137&BUID=CCG&CRTV=controlaffcps&MPR=00

(2022). Auto Rental Collision Damage Waiver. chase.com. Retrieved November 15, 2022, from https://www.chase.com/personal/credit-cards/slate/autorental-protection

(2022). Capital One Venture X Card. capitalone.com. Retrieved November 18, 2022, from https://www.capitalone.com/credit-cards/lp/venture-x/lp1/?external_id=WWW_ACT96_ZZZ_ONL-SE_ZZZZZ_T_SEM2_ZZZZ_c_Zg_c12555e5-6288-458f-876d-276148fabd21_594863589315_695556&target_id=kwd-535022800203&gclid=Cj0KCQiA99ybBhD9ARIsALvZavX3Hkz-7wSMu-T7MJUO2m3rikcqYKbxr2VPV8Jk7_RmaVrZYnCcgpYaAmRxEALw_wcB

(2022). Chase Freedom Credit Cards. creditcards.chase.com. Retrieved November 15, 2022, from https://creditcards.chase.com/a1/freedom/CFDQ42022?CELL=6RRW&jp_cmp=cc/Freedom+Unlimited_Brand_Exact_Freedom_SEM_US_NA_Standard_NA/sea/p55734705554/Chase+Freedom+Unlimited&gclsrc=aw.ds&ds_rl=1247291&gclid=CjwKCAiAjs2bBhACEiwALTBWZaEMeAzrnzDM2Vq1my-Edro31K4mEdDeTD3OEFmBqlM38SXrBdlQChoCodQQAvD_BwE&gclsrc=aw.ds

(2022). Chase Sapphire Card Collection. creditcards.chase.com. Retrieved November 15, 2022, from https://creditcards.chase.com/a1/22Q4/sapphire/dual?CELL=6RRW&sitelink=4&jp_cmp=cc/Sapphire+Reserve_Brand_Exact_Sapphire+Reserve_SEM_US_NA_Standard_NA/sea/p56274826680/Chase+Sapphire+Reserve+-+Benefits&gclsrc=aw.ds&&gclid=CjwKCAiAjs2bBhACEiwALTBWZTgo_asI21vDX4o4oyT3VUp0lar3GVQF3JgDzzDzrPb96RcCbTiGWhoCeksQAvD_BwE&gclsrc=aw.ds

(2022). Compare Business Credit Cards. creditcards.chase.com. Retrieved November 18, 2022, from https://creditcards.chase.com/a1/DAO/ink-business/universal/preferred/900?CELL=6H8X&AFFID=pngc6t7Ewoo-wKtR_v7fVz8T68cT.bwGdA&pvid=0c11720a1a9340c6865be3e754e20079&jp_cmp=cc/797349/aff/3-10003611/na

(2022). Compare Our Credit Cards: Bank of America. Bank of America. Retrieved November 16, 2022, from https://promo.bankofamerica.com/ccsearchlp10/compare-cards-1/?cm_mmc=Cons-CC-_-Google-PS-_-bank_of_america_travel_rewards-_-Brand_Travel&code=TC03GZ&gclid=Cj0KCQiAsdKbBhDHARIsANJ6-jckD2oGNZxzHULpUNNd3PQCUp8_GsmDS90G2siBOdFhVH3wh0v_GfIaAmvuEALw_wcB&gclsrc=aw.ds

(2022). Costco Anywhere Visa Card by Citi. Citi.com. Retrieved November 15, 2022, from https://www.citi.com/credit-cards/citi-costco-anywhere-visa-credit-card

(2022). Does My Costco Anywhere Visa Card by Citi Include Rental Car Insurance. Costco Travel. Retrieved November 15, 2022, from https://costco-travel-us-mbr.custhelp.com/app/answers/detail/a_id/5902/~/does-my-costco-anywhere-visa%C2%AE-card-by-citi-include-rental-car-insurance%3F

(2022). Southwest Compare Cards. creditcards.chase.com. Retrieved November 15, 2022, from https://creditcards.chase.com/a1/southwest/NAEP75kPlus1122?CELL=6RRW&jp_cmp=cc/SWA_Brand_Exact_SWA_SEM_US_NA_Standard_NA/sea/p64466382235/Gap+Analysis+Test+KWs&gclsrc=aw.ds&&gclid=CjwKCAiAjs2bBhACEiwALTBWZUQ7D_UJwEjIjI_e747_fcB_g7rNWZqKNLKZ3VEPhOzWzCuyJcE8fRoCiv4QAvD_BwE&gclsrc=aw.ds

(2022). Southwest Rapid Rewards. creditcards.chase.com. Retrieved November 15, 2022, from https://creditcards.chase.com/southwest/priority-credit-card

(2022). Visa Guide to Benefits. business.bofa.com. Retrieved November 16, 2022, from https://business.bofa.com/content/dam/boamlimages/documents/PDFs/visa_guide_to_benefits.pdf

(2022). Visa Infinite Benefit Guide. Capital One. Retrieved December 10, 2022, from https://ecm.capitalone.com/WCM/card/benefits-guide/visa-benefits-guides/visa-infinite-english.pdf

Jesse Cunningham

Jesse Cunningham V is a professional writer and licensed insurance agent. He has worked in the insurance industry in different capacities, starting as a customer service representative and working his way up to an independent agency owner. He is licensed in the states of Maryland and Pennsylvania for Property, Casualty, Life, and Health products. Jesse has worked with many national carriers, including Nationwide, State Farm, Travelers, and Liberty Mutual, and specializes in car and home insurance and health, life, accidental death, and disability insurance. He writes for multiple publications including FIXD and Bauple.com. All articles by Jesse are opinion-based. Speak with your licensed insurance agent about the particulars of your insurance before making any decisions.

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