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Ink Business Cash Card by Chase Rental Car Insurance

Ink Business Cash by Chase offers an Auto Rental Collision Damage Waiver that acts as rental car insurance. This cardholder benefit covers up to the cash value of the rental vehicle even when the car is rented for business purposes.

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Do you need to understand the Collision Damage Waiver offered by your Ink Business Cash credit card? Keep reading! We found the information for you.

In this article, we will outline the basics of the Collision Damage Waiver through the Ink Business Cash by Chase credit card. We will also compare this benefit to similar Collision Damage Waivers offered by other credit cards. Keep reading to compare other travel perks too!

What is Covered with Ink Business Cash Card by Chase’s Auto Rental Collision Damage Waiver?

The cash value of the rental vehicle is covered by the Collision Damage Waiver offered through the Ink Business Cash card. This coverage protects rental customers from financial liability for a damaged or stolen rental car.

In the renter’s country of residence, the Collision Damage Waiver is secondary coverage. That means a claim must be filed through regular auto insurance first. Outside of the cardholder’s country of residence, the coverage is primary.

Pro tip: If renting the car for business purposes, using a business credit card like Ink Business Cash is one way to access the Collision Damage Waiver benefit. This is because most personal credit cards’ CDW will not apply to cars rented for business purposes.

Two fun young women in sunglasses driving in a car in town laughing and smiling as they socialise together, view through open side window

What is Excluded with Ink Business Cash Card’s Auto Rental Collision Damage Waiver?

It’s important to know what’s automatically excluded by the Collision Damage Waiver through Ink Business Cash. Here’s a quick list of the major exclusions to be aware of:

  • Any medical expenses for the driver and passengers are not covered.
  • Liability for third-party damage and medical expenses is not covered.
  • Exotic, expensive, or recreational vehicles are not covered.
  • Trucks with open beds, cargo vans, and vans that seat more than 9 are excluded from coverage.
  • Cars rented for longer than 31 consecutive days are not covered.
hands of car driver on steering wheel, road trip, driving on highway road

Ink Business Cash Card by Chase vs. Other Cards’ Rental Car Insurance Offers

The Ink Business Cash Card is not the only credit card with an Auto Rental Collision Damage Waiver (CDW). Most Visa and Mastercards offer some type of CDW.

Ink Business Cash’s CDW is unique because it covers rental vehicles used for business purposes. Most CDWs for personal credit cards will not cover cars rented for business purposes. Business Credit Cards like Ink Business Cash or Ink Business Preferred have CDWs that cover rentals for business use.

Here’s a table to quickly compare other popular cards with Collision Damage Waivers and their annual fees.

Credit CardRental Car Insurance Location ProvidedWhat is covered?Annual Fee
Ink Business Cash by ChaseProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle$0
American Express Gold CardProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle$250
American Express Platinum CardProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle$695
Bank of America Travel RewardsProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle$0
Capital One Venture X Travel Rewards Credit CardProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle$395
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
Southwest Rapid Rewards PremierProvidedWorldwide With Few ExceptionsDamage or Theft of Rental Vehicle$99

Ink Business Cash Card’s Travel Benefits vs. Other Cards’ Benefits

Ink Business Cash doesn’t offer as many travel benefits as other popular cards. However, because the Collision Damage Waiver for Ink Business Cash covers business use rentals and has a $0 annual fee, Ink Business Cash may be just the card you need.

Credits CardPurchase APRGasoline RewardsRestaurants/BarsOther Travel
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
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
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 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 protection for rented cars?

Many credit cards, like the Ink Business Cash Card by Chase, include a benefit that covers the cash value of the rental car. This is called a Collision Damage Waiver or rental car insurance.

How do I know if my credit card perks include rental car insurance?

The best way to ensure your rental vehicle is covered by your credit card’s Collision Damage Waiver is to call the number for the benefits line and verify the details.

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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