Do you need to know the terms and conditions of Capital One Venture X’s Auto Collision Damage Waiver? We searched the fine print terms and conditions for you!
This article will compare the Collision Damage Waiver terms from Capital One Venture X’s credit card to other credit cards with Collision Damage Waivers. So keep reading to discover the hidden travel perks you might not have known!
What’s Covered with Capital One Venture X Travel Rewards’s Auto Rental Collision Damage Waiver?
Capital One Venture X covers up to the rental car’s cash value in certain conditions. This is important because car renters are on the hook for any and all damage to rental cars!
Conditions include:
- Loss or theft of rental vehicle
- Even if you’re not at-fault, you’re still responsible for stolen rental cars.
- Damage to the rental vehicle
- Even if you’re not at fault, an uninsured or underinsured motorist could leave you with the bill for expensive damage to the rental car.
This coverage is primary worldwide, so you won’t have to file a claim with your auto insurance for the rental car itself!
Follow these guidelines for the Collision Damage Waiver to take effect.
- Pay for the rental car with the Capital One Venture X Credit Card
- Do not accept any Loss Damage Waivers or Collision Damage Waivers from the rental company (this would void your cardholder Collision Damage Waiver)!
- Call 1-800-825-4062 if the rental car company insists you purchase its coverage.
- Inspect the vehicle for existing damage before leaving the lot.
What is Excluded with Capital One Venture X’s Auto Rental Collision Damage Waiver?
Rental car customers need to know that the coverage has exclusions. Exclusions are reasons why the Collision Damage Waiver from the Capital One Venture X credit card will not cover the rental vehicle.
Here’s a list of several important exclusions to be aware of:
- Liability for damage to third-party property and medical expenses is not covered.
- Expensive vehicles that originally cost more than $75,000 are not covered
- Antique cars and recreational vehicles are not covered.
- Motorbikes, mopeds, and limousines won’t have coverage.
- Cargo vans, large passenger vans, or open-bed trucks are not covered.
- The Collision Damage Waiver does not cover the driver and passenger’s medical expenses.
Capital One Venture X vs. Other Cards’ Rental Car Insurance Offers
Capital One Venture X isn’t the only credit card with an Auto Rental Collision Damage Waiver. We compared Capital One Venture X side-by-side with other popular credit cards with similar benefits.
| Credit Card | Rental Car Insurance | Location Provided | What is covered? | Annual Fee |
|---|---|---|---|---|
| Capital One Venture X Travel Rewards Credit Card | Provided | Worldwide With Few Exceptions | Damage or Theft of Rental Vehicle | $395 |
| American Express Gold Card | Provided | Worldwide With Few Exceptions | Damage or Theft of Rental Vehicle | $695 |
| American Express Platinum Card | Provided | Worldwide With Few Exceptions | Damage or Theft of Rental Vehicle | $0 |
| Bank of America Travel Rewards | Provided | Worldwide With Few Exceptions | Damage or Theft of Rental Vehicle | $250 |
| 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 Preferred by Chase | Provided | Worldwide With Few Exceptions | Damage or Theft of Rental Vehicle | $95 |
| Ink Business Cash by Chase | Provided | Worldwide With Few Exceptions | Damage or Theft of Rental Vehicle | $0 |
| Southwest Rapid Rewards Premier | Provided | Worldwide With Few Exceptions | Damage or Theft of Rental Vehicle | $99 |
Capital One Venture X Travel Benefits vs. Other Cards’ Benefits
Capital One Venture X cardholders get travel perks above and beyond the Auto Renewal Collision Damage Waiver. These benefits include privileges like lounge access and lost luggage replacement.
Pro Tip: Capital One also offers a $100 statement credit if you purchase TSA PreCheck or Global Entry using the card.
| Credits Card | Purchase APR | Gasoline Rewards | Restaurants/Bars | Other Travel |
|---|---|---|---|---|
| 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 |
| 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 |
| 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 Capital One Venture X credit card, include an auto rental damage collision waiver in their terms and conditions.
How do I learn if my credit card has rental car insurance?
You may call your credit card customer service line or read your Guide to Benefits to determine if your credit card offers rental insurance.
References
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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.
