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Chase Sapphire Reserve Rental Car Insurance Coverage

The Chase Sapphire Reserve credit card provides rental car insurance. Another name for this is an Auto Rental Collision Damage Waiver. This benefit is available when cardholders rent a car using the Chase Sapphire Reserve Credit Card.

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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
Cropped view of woman giving credit card to worker of gas station while fueling auto

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 CardRental Car InsuranceLocation ProvidedWhat is covered?Annual Fee
Chase Sapphire ReserveProvidedWorldwideDamage or Theft of Rental Vehicle, Loss of Use Charges$550
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
Costco Anywhere Visa Card by CitiProvidedWorldwideDamage or Theft of Rental VehicleCostco Membership, $60/Person
Ink Business Preferred by ChaseProvidedWorldwideDamage or Theft of Rental Vehicle$95
Ink Business Cash by ChaseProvidedWorldwideDamage or Theft of Rental Vehicle$0
Southwest Rapid Rewards PremierProvidedWorldwideDamage 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 CardPurchase APRGasoline RewardsRestaurants/BarsOther Travel
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
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
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 Preferred by Chase18.99% to 23.99%1x Points1x Points3x Points for Select Travel Purchases, Travel Insurance
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

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). 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

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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