Amazing Car Rental Deals on Credit Card
The best credit cards come with many benefits for travellers. While the benefits may vary, most travel credit cards provide some form of auto insurance cover for starters. Some may provide additional travel insurance benefits such as trip interruption/cancellation insurance, travel accident insurance, and baggage delay insurance.
Further, most credit cards allow travellers to earn valuable points for every dollar they spend. They also provide bonus points on every car rental or travel expense. Here are some of the leading travel credit cards and the benefits they provide.
Chase Sapphire Preferred Card
The Chase Sapphire Preferred Card is among the best credit cards for travellers. First, the credit card provides auto coverage worth the value of your car. Secondly, users of this credit card earn 2 points for every dollar they spend on a rental car and any other travel expense.
Furthermore, the points have 25% more if used during booking travel or renting a car through Chase. Still, users of this card can earn a new-cardholder bonus. The cost of holding this card is $95 per year.
You will have the option of transferring the points to the eligible hotel and airline programs at a ratio of 1-to-1. That might be all you need to save money during your next trip.
Ink Business Preferred Credit Card
If you mostly rent cars for business purposes, a business credit card will come with many benefits. The card will offer auto rental coverage in addition to reward points. Ink Business Preferred Credit Card leads the list when it comes to the best credit cards for business travellers.
The card offers primary rental car insurance coverage. Further, this credit card provides users with a new-cardholder bonus and 3 points for every dollar they spend on car rental.
With some business travellers spending a lot of money, this card is a smart choice. You will earn a point for every dollar you spend on travel. That will continue until you spend $150,000. Also, you will earn 1 point for each dollar you spend on other business purchases. You will incur $95 as the annual fee for keeping this card.
Chase Sapphire Reserve
The Chase Sapphire Reserve Credit Card provides primary rental car coverage up to $75,000. This rental car insurance covers collision damage and theft. Further, new cardholders earn bonuses on an ongoing basis. You will earn 3 points for every dollar you spend on travel and dining purchases. After earning points, you can use them to pay for your car rentals through the Chase portal.
Actually, the points will cover 50% more of what you would have paid with cash. Again, you will earn a point on every $1 you spend each day. That makes this credit card a better choice. Users of this credit card earn 50,000 points for $4,000 they spend within the first 3 months.
United Explorer Card
The United Explorer Card allows you to earn miles that you redeem for flights. All you need to do is join the United MileagePlus program. After joining the program, you will qualify for excellent travel benefits. The benefits include auto rental insurance coverage. If you need a card that offers benefits for rental cars and flights, this is a perfect choice.
You will earn 2 miles per every $1 you spend at restaurants, hotel stays, and any purchase you make within the United States. Users of this card enjoy priority boarding. Further, you will earn 40,000 miles after you spend $2,000 within the first 3 months. Still, you will save $140 per round trip with the free checked bag.
Wells Fargo Propel American Express Card
The Wells Fargo Propel American Express Card is a no-annual-fee credit card. It provides many rewards for the users, such as 3% cashback on each car rental and any other travel expense. The credit card also provides many great travel benefits. Expect lost baggage and travel accident insurance.
People who use the card to pay for their rental cars get secondary car rental loss and damages insurance cover. The offered insurance is not a primary coverage, but it is a nice addition and a good extra coverage layer.
Earn 20,000 bonus points for the $1,000 you spend on purchases within the first 3 months. The 20,000 points have a $200 value, and you can redeem them at any time. What’s more, you will earn 3 points for eating out and ordering in, rideshares, gas, hotels, flights, transit, popular streaming services, and car rentals. You can earn as many points as you want each month.
Why Car Rental Companies Prefer Credit Cards
Each time you rent a vehicle, you will drive away with an expensive asset. The car rental company will need help if you fail to return the car or you damage it. By using your credit card to pay for the rental, you will reassure them that:
- You are the real person booking the car. The credit card company has already vetted you.
- You will pay the rental charges and the damages that may occur during your trip.
- Your credit score is good, and they can therefore trust you. Moreover, a credit card will show them that the financial institution trusts you.
- Their car will be in perfect condition when returning it because you want to get your deposit back.
If you pay through your debit card and fail to return the vehicle or return it in bad condition, the car rental company will find it hard to recover its money. A credit card will help them track your down and get their money back. Therefore, car rental companies offer discounts for people who prefer to use their credit cards.
While Dollar, Hertz, and Thrifty car rental companies accept debit cards, a credit card will help you save on the car rental. Most credit card companies provide rental car insurance to help you reduce your car rental spending. Further, some companies allow their customers to redeem rewards with car rental booking or to access premium rental car benefits such as upgrades and discounts.