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I previously found that Citi Thank You and Dividend Platinum Select cards provide worldwide Auto Rental CDW with no country exclusions and explained how to get a certificate for countries such as Ireland where rental agencies often require proof of coverage. The downside is the 3% foreign transaction fee. The Citi Prestige card has no foreign transaction fee (though a hefty $400 annual fee) and appears to offer the same coverage from Chubb, cardholders should verify this.
I received updated Guide to Benefits for my Ink Bold and Ink Plus cards, effective 11/1/13. The cover letter noted discontinuation of ID Theft Coverage and referred to ‘enhancements’ to Auto Rental CDW, Extended Warranty Protection, and Purchase Protection. That is usually code for bad news, however Purchase Protection is extended from 90 days to 120 days, while Extended Warranty Protection appears to only add a $50,000 per account cap on claims in addition to the $10,000 per claim limit.
Auto Rental CDW is where it gets interesting. The prior terms covered only rentals for business purposes and excluded “Losses from rental transactions that originated in Israel, Jamaica, the Republic of Ireland, or Northern Ireland.”
The new terms have the following:
What is Auto Rental CDW?
The Auto Rental CDW benefit provides reimbursement for damage due to collision or theft up to the actual cash value of most rental vehicles. It is primary coverage which means you do not have to file a claim with any other source of insurance before you can receive coverage under this benefit while renting primarily for business purposes, renting outside your country of residence for personal reasons or if you do not have automobile insurance.
Within your country of residence, if you are renting for personal reasons, Auto Rental CDW is secondary coverage… (bold emphasis added)
When and where am I covered?
The benefit is available in the United States and most foreign countries. Coverage is not available where it is prohibited by law or by individual merchants, or is in violation of the territory terms of the rental agreement.
In the “What Else is Not Covered” section the country exclusion line is deleted so that there is no specific reference to any country.
The new language allows some wiggle room so I called the benefits administrator at 888-320-9956 to see if they could confirm worldwide coverage and issue a coverage certificate. The agent said that they can only address inquiries on the currently effective terms. I could have chased around trying to confirm coverage but the real test will be November 1 if I can get a certificate explicitly stating coverage for previously excluded countries.
As the Ink Bold and Plus cards have no foreign transaction fee, and many travelers carry them, this could be a useful benefit. Stay tuned.
Note that I do not have access to the Guide to Benefits for the Ink Cash and Ink Classic cards, both of which have 3% foreign transaction fees. Cardholders should verify coverage.
Note that as with all credit card coverages, this does NOT cover 3rd-party liability or personal accident. Those coverages must be separately obtained, if needed.