Chase’s Ink credit cards offer primary collision insurance, but many folks forget to tell you that the rental is primary for business purposes.
Auto Rental Collision Damage Waiver
Decline the rental company’s collision insurance and charge the entire rental cost to your card. Coverage is primary when renting for business purposes and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
The Pro Tip
I had to rent a car from National for work and needed to drive from NJ to MA. The reservation was made via our corporate travel portal using the corporate card. When the rental was over, the charges posted on my personal AMEX card and not the corporate card.
The cause of this was having my personal card as “primary” at the time of booking and driving off the lot.
My recommendation for a personal rental is to make sure your “primary” card is the card that is your personal credit card with the best insurance coverage when you drive off the lot in the event anything happens.
At the conclusion of the rental and the charges post,
- Switch your primary card to your Chase Ink
- Call National and have the charges be applied switch to your new primary card, which would now be your Ink.
You want to do that because you can save an extra 4% from using Visa SavingsEdge.
Don’t forget, “earning” status on National is incredibly easy. Just having a MasterCard World Elite card will give you status or having the AMEX Platinum card. This will allow you to grab any car in the Executive aisle versus the Emerald aisle when you pay for a midsize or intermediate car class.
This “trick” can help you in a bind if you need the insurance without getting yourself into any trouble. After you wrap up the rental, you can swap it to a different card that will allow you to save some extra money.