Do you need to know the terms of your Collision Damage Waiver (CDW) included with your Chase Sapphire Reserve credit card? We dug through the information to save you the hassle!
Keep reading to discover more details about CDW and rental car insurance terms and conditions. We also compared other popular cards’ insurance and travel benefits to simplify your research.
What is Covered by Chase Sapphire Reserve’s Auto Rental Collision Damage Waiver?
Chase’s Collision Damage Waiver covers loss, damage, or theft of your rental vehicle and valid loss of use charges from the rental company. To use this benefit, follow these guidelines:
- Pay for the rental with the Chase Sapphire Reserve credit card
- Do not select the auto rental company’s insurance offer at rental checkout
- Coverage is primary when outside of the United States
- Coverage in the United States is secondary to your automobile insurance policy

What is Excluded by Chase Sapphire Reserve’s Auto Rental Collision Damage Waiver?
In the event of an accident, it is essential to know what is not covered by the Collision Damage Waiver. Renters will also need to know which vehicles aren’t covered. The following exclusions apply
- No liability coverage for other vehicles or property in a collision
- Personal property is not covered.
- Medical expenses for anyone inside or outside the vehicle are not covered.
- Excluded vehicles:
- Expensive, exotic or antique cars
- Recreational vehicles, mopeds, and motorbikes
- Open bed cargo trucks other than pickups
- Vans with more than nine passenger capacity
Chase Sapphire Reserve vs. Other Cards
Chase Sapphire Reserve is not the only credit card that offers rental car insurance as a benefit. Our table compares the annual fees and availability of Collision Damage Waivers with other popular credit cards.
Credit Card | Rental Car Insurance | Location Provided | What is covered? | Annual Fee |
---|---|---|---|---|
Chase Sapphire Reserve | Provided | Worldwide | Damage or Theft of Rental Vehicle, Loss of Use Charges | $550 |
American Express Gold Card | Provided | Worldwide Except Australia, Italy, and New Zealand | Damage or Theft of Rental Vehicle | $695 |
American Express Platinum Card | Provided | Worldwide Except 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 Freedom Unlimited | Provided | Worldwide | Damage or Theft of Rental Vehicle, Loss of Use Charges | $0 |
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 Business 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 Sapphire Reserve Travel Benefits vs. Other Cards’ Benefits
The Chase Sapphire Reserve credit card is well-known for its travel benefits for cardholders. Compare these perks with other cards known for travel rewards. Our table also includes the purchase Annual Percentage Rate (APR) for easier comparison.
Credits Card | Purchase APR | Gasoline Rewards | Restaurants/Bars | Other Travel |
---|---|---|---|---|
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 |
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 Freedom Unlimited | 18.74% to 27.49% | 1.5 % Cash Back | 3% Cash Back | 5% cashback for Flights, Hotels, Rental Cars, Activities, and Cruises |
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 Sapphire Reserve 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 Sapphire Reserve’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
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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.