Do you need to know the terms of your rental car insurance coverage included with your Chase Freedom Unlimited credit card? We searched the terms and conditions to save you time!
Keep reading to discover more information about your rental car insurance terms and conditions and quickly compare the travel benefits of other cards with an included collision damage waiver. We’ve also answered some frequently asked questions.
What’s Covered by Chase Freedom Unlimited’s Collision Damage Waiver?
Chase Freedom Unlimited’s Collision Damage waiver covers the cash value of the rental car when the car is lost, stolen, or damaged. Chase’s benefits include valid loss of use charges from the rental company. Important coverage guidelines include
- Pay for the rental with the Chase Unlimited Freedom credit card
- List the cardholder as the driver
- Coverage is primary when outside of the United States
- Coverage in the United States is secondary to your automobile insurance policy
- Do not select the auto rental company’s insurance offer
What’s Excluded by Chase Freedom Unlimited’s Auto Rental Collision Damage Waiver?
Renters will need to verify that they have adequate coverage for the vehicle they are renting. Be aware of these exclusions in coverage with the Collision Damage Waiver (CDW).
- Expensive, exotic, or antique rental cars
- Recreational vehicles, motorbikes, and mopeds
- Medical expenses for anyone in or out of the vehicle
- Loss or theft of personal belongings
Chase Freedom Unlimited vs. Other Cards’ Rental Car Insurance Offers
Chase Freedom Unlimited is not the only credit card that includes the damage collision waiver as a cardholder benefit. This table compares the Chase Freedom Unlimited credit card with other popular cards with rental insurance benefits.
| Credit Card | Rental Car Insurance | Location Provided | What is covered? | Annual Fee |
|---|---|---|---|---|
| Chase Freedom Unlimited | Provided | Worldwide | Damage or Theft of Rental Vehicle, Loss of Use Charges | $0 |
| American Express Gold Card | Provided | Worldwide Except for Australia, Italy, and New Zealand | Damage or Theft of Rental Vehicle | $695 |
| American Express Platinum Card | Provided | Worldwide Except for Australia, Italy, and New Zealand | Damage or Theft of Rental Vehicle | $0 |
| Bank of America Travel Rewards | Provided | Worldwide | Damage or Theft of Rental Vehicle | $250 |
| Capital One Venture X Travel Rewards Credit Card | Provided | Worldwide | Damage or Theft of Rental Vehicle | $395 |
| Chase Sapphire Reserve | Provided | Worldwide | Damage or Theft of Rental Vehicle, Loss of Use Charges | $550 |
| Costco Anywhere Visa Card by Citi | Provided | Worldwide | Damage or Theft of Rental Vehicle | Costco Membership, $60/Person |
| Ink Business Preferred by Chase | Provided | Worldwide | Damage or Theft of Rental Vehicle | $95 |
| Ink Businness Cash by Chase | Provided | Worldwide | Damage or Theft of Rental Vehicle | $0 |
| Southwest Rapid Rewards Premier | Provided | Worldwide | Damage or Theft of Rental Vehicle | $99 |
Chase Freedom Unlimited Travel Benefits vs. Other Cards’ Benefits
The Chase Freedom Unlimited offers 5% cash back for flights, hotels, cruises, rental cars, and activities. The card also offers 3% cash back for dining out and 1.5% cash back for all other purchases. The Chase Freedom Unlimited credit card has an average purchase Annual Percentage Rate (APR) compared to other travel credit cards.
| Credits Card | Purchase APR | Gasoline Rewards | Restaurants/Bars | Other Travel |
|---|---|---|---|---|
| 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 |
| 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 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 Preferred by Chase | 18.99% to 23.99% | 1x Points | 1x Points | 3x Points for Select Travel Purchases, Travel Insurance |
| 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 |
| 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 Chase Freedom Unlimited credit card, 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?
The cardholder must be listed on the rental agreement for Chase Freedom Unlimited’s car rental benefit.
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
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(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 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.
