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Capital One Venture X Rewards Rental Car Insurance

The Capital One Venture X credit card includes primary coverage rental car insurance as a benefit to cardholders. Rental Car Insurance is also called Auto Rental Collision Damage Waiver (CDW). CDW covers the cash value of the rental car when stolen or damaged.

Couple in love riding a motorbike , Handsome guy and young sexy woman travel . Young riders enjoying themselves on trip. Adventure and vacations concept.

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TABLE OF CONTENTS

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.

  1. Pay for the rental car with the Capital One Venture X Credit Card
  2. Do not accept any Loss Damage Waivers or Collision Damage Waivers from the rental company (this would void your cardholder Collision Damage Waiver)!
  3. Call 1-800-825-4062 if the rental car company insists you purchase its coverage.
  4. Inspect the vehicle for existing damage before leaving the lot.
Rear view of pre teen child in car over sea view on summer roadtrip to the beach

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.
Beautiful smiling young multiethnic couple riding in a convertible

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 CardRental Car Insurance Location ProvidedWhat is covered?Annual Fee
Capital One Venture X Travel Rewards Credit CardProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle$395
American Express Gold CardProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle$695
American Express Platinum CardProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle$0
Bank of America Travel RewardsProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle$250
Chase Freedom UnlimitedProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle, Loss of Use Charges$0
Chase Sapphire ReserveProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle, Loss of Use Charges$550
Costco Anywhere Visa Card by CitiProvidedWorldwide With Few ExceptionsDamage or Theft of Rental VehicleCostco Membership, $60/Person
Ink Business Preferred by ChaseProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle$95
Ink Business Cash by ChaseProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle$0
Southwest Rapid Rewards PremierProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle$99
Happy young couple enjoying on a long drive in a car.

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 CardPurchase APRGasoline RewardsRestaurants/BarsOther Travel
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
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
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
Ink Business Preferred by Chase18.99% to 23.99%1x Points1x Points3x Points for Select Travel Purchases, Travel Insurance
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

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

(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). 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.

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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