Home » today » Business » Visa eliminates free insurance benefit when leasing a car

Visa eliminates free insurance benefit when leasing a car

A very attractive benefit for credit card holders is the vehicle rental insurance, which protects at no cost against theft or damage to a vehicle in the event of a theft, collision, fire, vandalism or accident. This coverage is available at pay with the rent a car with a payment method that offers this benefit.

However, we have bad news for Visa credit card customers. The brand reported on its website that as of July 1, 2021 this benefit will no longer be available.

This coverage allowed to cover the damages suffered by a leased vehicle for periods of up to 31 days. In that case, the traveler had to reject the CDW / LDW coverage offered by the rent a car and it was available worldwide.

Measure would apply to Visa Gold, Visa Platinum, Visa Signature and Visa Infinite cards, issued throughout the region, with the exception of Puerto Rico and the US Virgin Islands. However, all leases that start on or before June 30 will be subject to coverage.

Chócale asked Visa for official information about this measure. The brand stated that “the benefit continues for Signature and Infinite credentials, not for the rest of the credentials that expire on July 1, 2021.” In addition, they indicated that all the benefits of their cards are detailed in their website.

The notice that Visa left in the “fine print” on the Chilean websites of Visa Signature, Visa Infinite and Visa Platinum.

N. de la R.: Information that the benefit is also removed for Signature and Infinite cards is as of June 9 on the sites visa-signature.com Y visa-infinite.com, respectively, which are linked from visa.cl, as well as on the portal to request assistance Visa Benefits Portal.


Car rental insurance from other brands

What other cards offer car rental insurance? In order to Mastercard, your Platinum card offers coverage for vehicle rentals of up to US $ 75,000 for a maximum of 30 days and Mastercard Black for up to 60 days.

In the case of American Express, the benefit is offered by AXA and AIG with a coverage of up to US $ 75,000 per accident in the case of Banco Santander’s WorldMember, while it offers a maximum of US $ 50,000 for the AMEX Platinum, Superpuntos and El Mercurio Readers Club.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.