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Southwest Rapid Rewards Premier Rental Car Insurance Coverage

The Southwest Rapid Rewards Premier Card includes rental car insurance. This benefit is known as an Auto Rental Collision Damage Waiver (CDW). The CDW covers the value of the rental car if it is lost, stolen, or damaged.

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What rental car insurance is included with your Southwest Rapid Rewards Premier cardholder benefits? We sifted through the terms and conditions to save you effort!

Keep reading to find out what is included and excluded in your damage collision waiver. You will also find out how your Southwest Rapid Rewards Premier travel and insurance perks compare to other popular cards.

What is Covered with Southwest Rapid Rewards Premier’s Auto Rental Collision Damage Waiver?

Southwest Rapid Rewards Premier’s Auto Rental Collision Damage Waiver is offered to cardholders. To obtain this insurance, follow these guidelines:

  • Pay for the rental with the Southwest Rapids Reward Premier credit card.
  • Opt out of the insurance policy offered by the rental car company at checkout
  • Coverage is primary when outside of the United States
  • Coverage in the United States is secondary to your automobile insurance policy.
beautiful young woman driving her car

What’s Excluded with Southwest Rapid Rewards Premier’s Auto Rental Collision Damage Waiver?

The rental car insurance offered with the Southwest Rapid Rewards Premier credit card is not full insurance coverage. The following expenses are excluded:

  • Damage to cardholder’s personal property
  • Policy does not cover any medical expenses
  • Liability for other property and the vehicle damaged is not covered

Southwest Rapid Rewards Premier vs. Other Cards’ Rental Car Insurance Offers

The Southwest Rapid Rewards Premier credit card is one of many credit cards that offers a collision damage waiver for rental vehicles paid for with the card. This table compares the annual fees and availability of Collision Damage Waivers of ten popular credit cards.

Credit CardRental Car InsuranceLocation ProvidedWhat is covered?Annual Fee
Southwest Rapid Rewards PremierProvidedWorldwideDamage or Theft of Rental Vehicle$99
American Express Gold CardProvidedWorldwide Except for 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
Chase Sapphire ReserveProvidedWorldwideDamage or Theft of Rental Vehicle, Loss of Use Charges$550
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 Premier Travel Benefits vs. Other Cards’ Benefits

The Southwest Rapid Rewards Premier credit cardholders get 25% cash back on all in-flight purchases on Southwest. This card also includes other travel insurance: 

  • Lost luggage reimbursement
  • Baggage delay
  • Roadside assistance. 

We compared the purchase Annual Percentage Rates (APR) and travel benefits of ten popular credit cards in the following table.

Credits CardPurchase APRGasoline RewardsRestaurants/BarsOther Travel
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
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
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
Young smiling happy satisfied excited successful brunette woman 20s in denim shirt white t-shirt hold in hands giving car keys show thumb up like gesture isolated on yellow background studio portrait

Frequently Asked Questions

Do credit card companies offer car protection for rented cars?

Some credit cards, like the Southwest Rapid Rewards Premier 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 Southwest Rapid Rewards Premier’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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