OpenSky Credit Card vs. Other Cards’ Rental Car Insurance Offers
| Credit Card | Rental Car Insurance | Location Provided | What is covered? | Annual Fee |
|---|---|---|---|---|
| OpenSky Credit Card | Not Provided | No Coverage Provided | No Coverage Offered | $35 |
| 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 |
| 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 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 |
OpenSky Credit Card Travel Benefits vs. Other Cards’ Benefits
The OpenSky Credit Card focuses on providing credit to consumers with less than ideal credit, and they do not include benefits that come with other credit cards. We compared the OpenSky Credit Card with credit cards better known for their travel benefits.
| Credit Card | Purchase APR | Gasoline Rewards | Restaurants/Bars | Other travel |
|---|---|---|---|---|
| OpenSky | 20.39% | None | None | None |
| 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 |
| 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 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 |
| 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 |
What Are Other Ways to Get Car Rental Insurance?
If travelers need an insurance policy for a rental car and their credit cards do not offer a Collision Damage Waiver, there are other options.
- Within the United States, automobile insurance policies typically cover rental cars.
- Coverage is available through the rental car company at checkout.
- Third-party travel insurance companies also offer policies for rental cars.
Frequently Asked Questions
Do credit card companies offer car protection for rented cars?
Some credit card companies 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?
For most auto rental collision damage waiver policies, the name on the credit card must match one of the listed drivers on the rental policy. Some credit card benefits will cover additional drivers, and some will not.
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
(2022). Chase Freedom Credit Cards. creditcards.chase.com. Retrieved November 15, 2022, from https://creditcards.chase.com/a1/freedom/CFDQ42022?CELL=6RRW&jp_cmp=cc/Freedom+Unlimited_Brand_Exact_Freedom_SEM_US_NA_Standard_NA/sea/p55734705554/Chase+Freedom+Unlimited&gclsrc=aw.ds&ds_rl=1247291&gclid=CjwKCAiAjs2bBhACEiwALTBWZaEMeAzrnzDM2Vq1my-Edro31K4mEdDeTD3OEFmBqlM38SXrBdlQChoCodQQAvD_BwE&gclsrc=aw.ds
(2022). Chase Sapphire Card Collection. creditcards.chase.com. Retrieved November 15, 2022, from https://creditcards.chase.com/a1/22Q4/sapphire/dual?CELL=6RRW&sitelink=4&jp_cmp=cc/Sapphire+Reserve_Brand_Exact_Sapphire+Reserve_SEM_US_NA_Standard_NA/sea/p56274826680/Chase+Sapphire+Reserve+-+Benefits&gclsrc=aw.ds&&gclid=CjwKCAiAjs2bBhACEiwALTBWZTgo_asI21vDX4o4oyT3VUp0lar3GVQF3JgDzzDzrPb96RcCbTiGWhoCeksQAvD_BwE&gclsrc=aw.ds
(2022). Compare Business Credit Cards. creditcards.chase.com. Retrieved November 18, 2022, from https://creditcards.chase.com/a1/DAO/ink-business/universal/preferred/900?CELL=6H8X&AFFID=pngc6t7Ewoo-wKtR_v7fVz8T68cT.bwGdA&pvid=0c11720a1a9340c6865be3e754e20079&jp_cmp=cc/797349/aff/3-10003611/na
(2022). Compare Our Credit Cards: Bank of America. Bank of America. Retrieved November 16, 2022, from https://promo.bankofamerica.com/ccsearchlp10/compare-cards-1/?cm_mmc=Cons-CC-_-Google-PS-_-bank_of_america_travel_rewards-_-Brand_Travel&code=TC03GZ&gclid=Cj0KCQiAsdKbBhDHARIsANJ6-jckD2oGNZxzHULpUNNd3PQCUp8_GsmDS90G2siBOdFhVH3wh0v_GfIaAmvuEALw_wcB&gclsrc=aw.ds
(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). Home: OpenSky. OpenSky. Retrieved November 15, 2022, from https://www.openskycc.com/
(2022). Southwest Compare Cards. creditcards.chase.com. Retrieved November 15, 2022, from https://creditcards.chase.com/a1/southwest/NAEP75kPlus1122?CELL=6RRW&jp_cmp=cc/SWA_Brand_Exact_SWA_SEM_US_NA_Standard_NA/sea/p64466382235/Gap+Analysis+Test+KWs&gclsrc=aw.ds&&gclid=CjwKCAiAjs2bBhACEiwALTBWZUQ7D_UJwEjIjI_e747_fcB_g7rNWZqKNLKZ3VEPhOzWzCuyJcE8fRoCiv4QAvD_BwE&gclsrc=aw.ds
(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.
