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You’ll also probably need to decline the rental company’s own insurance for the credit card insurance to kick in.
Cardholders who purchase a ticket that can no longer be used for an eligible reason can be refunded up to $1,000 twice per year.
This benefit is offered to higher-end American Express cardholders.
It’s important to read the Guide to Benefits that comes with your credit card so you fully understand the range of benefits that come with your card so you can get the most out of it.
Below you’ll find an approximate listing of the benefits provided by Visa, Master Card, American Express, and Discover.
Some card networks offer different benefits with different tiers.
For example, some Visa cards come in both Visa and Visa Signature version, while Master Card offers Platinum Master Card, World Master Card, World Elite Master Card, etc. The issuer of the card may also provide some benefits.
These benefits are often not advertised as much as features like cash back, miles, introductory offers, and interest rates, but they can be very valuable even if they are largely ignored by many cardholders.
Visa, Master Card, American Express, and Discover all offer a suite of benefits to accompany their cards, but they can vary depending on the card.
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