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Best Buy Credit Card Rental Car Insurance Coverage

 

The Best Buy Credit Card does not offer rental car insurance. This cardholder benefit is also called auto rental collision damage waiver. Other credit card companies offer this perk to cardholders.

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Best Buy Credit Card vs. Other Cards’ Rental Car Insurance Offers

Even though your Best Buy Credit Card does not provide an auto rental collision damage waiver, there are many options for credit cards that do. We created a list of credit card companies and their annual fees to compare to Best Buy’s.

Credit CardRental Car InsuranceLocation ProvidedWhat is covered?Annual Fee
Best Buy Credit CardNot ProvidedNo Coverage ProvidedNo Coverage Offered$0 to $50
American Express Gold CardProvidedWorldwide Except Australia, Italy, and New ZealandDamage or Theft of Rental Vehicle$695
American Express Platinum CardProvidedWorldwide Except Australia, Italy, and New ZealandDamage or Theft of Rental Vehicle$0
Bank of America Travel RewardsProvidedWorldwideDamage or Theft of Rental Vehicle$250
Capital One Venture X Travel Rewards Credit CardProvidedWorldwideDamage or Theft of Rental Vehicle$395
Chase Freedom UnlimitedProvidedWorldwideDamage or Theft of Rental Vehicle, Loss of Use Charges$0
Chase Sapphire ReserveProvidedWorldwideDamage or Theft of Rental Vehicle, Loss of Use Charges$550
Costco Anywhere Visa Card by CitiProvidedWorldwideDamage or Theft of Rental VehicleCostco Membership, $60/Person
Ink Business Cash by ChaseProvidedWorldwideDamage or Theft of Rental Vehicle$0
Southwest Rapid Rewards PremierProvidedWorldwideDamage or Theft of Rental Vehicle$99

Best Buy Credit Card Travel Benefits vs. Other Cards’ Benefits

The Best Buy Credit Card offers 3% cash back on gasoline and 2% cash back when dining out. It also carries the highest purchase Annual Percentage Rate (APR) of the cards we compared. Here is a list of popular credit cards known for travel benefits with APRs.

Credit CardPurchase APRGasoline RewardsRestaurants/BarsOther travel
Best Buy Credit Card29.99%3% Cash Back2% Cash Back or 1 Reward PointNone
American Express Gold Card19.74% to 26.74%1x Points4x Points3x Points for Flights Booked through AmexTravel and Other Credits Available
American Express Platinum Card19.74% to 26.74%1x Points1x Points5x Points for Flights and Hotels Booked through AmexTravel Plus Credits for Hotels, TSA Precheck and More
Bank of America Travel Rewards16.99% to 26.99%1.5 Points per $11.5 Points per $11.5 Points per $1
Capital One Venture X Travel Rewards Credits Card19.99% to 26.99%2x Miles2x Miles10x Miles for Rental Cars and Hotels, 5x Miles for Flights, Plus Credits through Capital One Travel, Other Bonus Miles
Chase Freedom Unlimited18.74% to 27.49%1.5 % Cash Back3% Cash Back5% cashback for Flights, Hotels, Rental Cars, Activities, and Cruises
Chase Sapphire Reserve20.74% to 27.74%1 Reward Point per $13x 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 Citi18.99%4% on Gas and EV Charging First $7,000 then 1% After3% Cash Back3% on Eligible Travel Purchases
Ink Business Cash by Chase16.24% to 22.24%2% Cash Back on First $25,000 Annually2% Cash Back on First $25,000 Annually1% Unlimited Cash Back on All Purchases
Southwest Rapid Rewards Premier19.74% to 26.74%1 Reward Point per $11 Reward Point per $13 Points for Every $1 on Southwest, 2 Points for Every $1 on Rapid Rewards Hotel and Car Partners
Southwest Rapid Rewards Premier19.74% to 26.74%1 Reward Point per $11 Reward Point per $13 Points for Every $1 on Southwest, 2 Points for Every $1 on Rapid Rewards Hotel and Car Partners

What Are Other Ways to Get Car Rental Insurance?

If a renter does not have a credit card with a Damage Collision Waiver, there are other ways to ensure that your rental car has some insurance coverage.

  • Renters should check with their Auto Insurance Policy because most policies cover rental cars within the United States
  • Select the rental insurance policy offered by the rental car company at checkout
  • Third-party travel insurance companies offer coverage
Cropped top view of man holding credit card and smartphone over gun petrol refueling at gas station.

Frequently Asked Questions

Do credit card companies offer car protection for rented cars?

Some credit card companies include an auto rental damage collision waiver in their terms and conditions.

How do I know if my credit card benefits include rental car insurance?

You can find out if your credit card benefits include rental car insurance by reading your terms and conditions, or you may call the customer service line.

Does the name on the credit card name have to match the driver for the rental car?

For most auto rental collision damage waiver policies, the name on the credit card must match one of the listed drivers on the rental policy. Some credit card benefits will cover additional drivers, and some will not.

References

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

(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). My Best Buy Credit Cards. Best Buy. Retrieved November 15, 2022, from https://www.bestbuy.com/site/misc/financing-rewards/pcmcat102500050032.c?id=pcmcat102500050032

(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

Jesse Cunningham profile picture

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.

We’re here to help you simplify car care and save, so this post may contain affiliate links to help you do just that. If you click on a link and take action, we may earn a commission. However, the analysis and opinions expressed are our own.

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About the Author

Jesse Cunningham

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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