When you pay for a rental automobile with a Costco Citi card and decline the rental company’s collision loss/damage insurance, you are covered for up to $50,000 toward the cost of repairs or the cash value of the car, whichever is less.
Is Costco credit card good for car rental insurance?
The finest credit cards should help you save money and reduce stress, which is why it’s critical to choose one that provides outstanding rental car coverage as well as a variety of other benefits. If you’re a regular Costco shopper, the Citi Costco Anywhere Card offers a host of cash-back benefits. Fortunately, this card can be used for more than just bulk foods. It also has a lot of benefits for passengers, as explained below.
Of course, if you aren’t a frequent Costco buyer, this card will be of less use to you. The 2% cash back on all Costco purchases is a significant aspect in this card’s overall worth.
Costco Anywhere Card Benefits for Car Rentals
Rental automobile coverage is included. One of the few Citi cards that still offers car rental insurance and other travel benefits is the Costco Anywhere Card. This card provides secondary rental car insurance for domestic rentals and primary rental car insurance for overseas rentals, with coverage up to $50,000 for damages or vehicle replacement. After your personal auto insurance coverage has been exhausted, secondary automobile rental insurance kicks in. If you don’t want your auto insurance provider to become involved, try purchasing over-the-counter insurance from the automobile rental firm.
A raft of travel safeguards. Trip cancellation and interruption protection are among the other features of the Citi Costco Anywhere Visa Card. You may be entitled for up to $3,000 in compensation if you’ve had health or personal problems, or if your journey has been disrupted by extreme weather or another emergency. This card also comes with other perks, such as 24-hour roadside assistance everywhere in the United States, including Puerto Rico and the Virgin Islands.
There are numerous ways to earn money back. The fact that the Costco Anywhere Card earns cash back on every transaction is perhaps the biggest reason to get one. You’ll get 4% cash back on your first $7,000 in gas purchases each year (after 1%), 3% cash back on eating and qualified travel, 2% cash back on Costco purchases, and 1% cash back on everything else.
There are no charges. For Costco members, there is no annual charge and no foreign transaction fees with this card. When you use this card outside of the United States, your purchases are converted to US dollars without incurring a percentage-based fee. Over the course of a week-long trip, this benefit can really pile up.
How to File a Rental Car Claim with a Costco Anywhere Card
Call the number on the back of your card or (866) 918-4670 as soon as possible after the occurrence to file a rental car insurance claim. You can also submit a claim form by downloading it from their website.
It is critical, as always, to keep meticulous records. Before you leave the automobile rental business, make sure you take many photos of the rental car, noting every flaw and scratch.
Does Costco Citi Visa include travel insurance?
Travel accident insurance and rental car insurance are included in the Costco Credit Card travel insurance coverage.
The travel accident insurance coverage protects you, your spouse, domestic partner, and/or dependents against death or dismemberment up to $250,000 per person. As long as you pay the whole cost with the card, you are covered while traveling on a common carrier such as a plane, train, bus, or boat.
The rental car insurance policy on the Costco Credit Card covers accident damage and theft for up to $50,000 per rental. The car must be rented in its whole with the Costco Credit Card, and the cardholder must decline the rental agency’s optional insurance.
What benefits does the Costco credit card have?
Citi Costco Anywhere Visa Cards
- For the first $7,000 every year, you’ll get 4% cash back on qualified gas worldwide, including petrol at Costco, and then 1% after that.
Does Costco Citi cover trip cancellation?
As a cardholder bonus, certain credit card companies provide travel insurance. Please note that the Costco Anywhere Citi Visa Card no longer offers trip cancellation and interruption protection as of September 22, 2019.
Does Discover card cover rental car insurance?
On February 28, 2018, the Discover card rental car insurance feature was removed from all Discover credit card accounts. For occurrences that occurred on or before February 28, the deadline to make a claim was May 29, 2018. Prior to that date, Discover card rental car insurance covered rental cars that were damaged or stolen up to $25,000 in value. To be protected, cardholders have to pay for the rental with a Discover card or use Discover card rewards. To be qualified, they had to turn down the rental agency’s insurance offer.
Since February 2018, Discover has reduced many credit card advantages in addition to rental car insurance. Find out about travel accident insurance that has been dropped, as well as purchase protection, extended warranties, and return protection.
Rental automobile insurance is still available through the other three major credit card networks. Credit card issuers, on the other hand, are the ones who set the specific coverage terms. Discover, like American Express, is a network as well as an issuer.
Does Citibank card have travel insurance?
Citibank does, in fact, provide travel insurance. Travel accident insurance and travel and emergency help are among the perks of Citibank travel insurance.