John Miller, Credit Cards Moderator
@john_miller
Unfortunately, the Ally Platinum Mastercard® does not offer a rental car insurance benefit. The card does, however, have a $0 annual fee and can help you build credit.
In general, credit card rental car insurance provides coverage against damage and theft of a rental vehicle, usually up to the vehicle’s actual cash value, when the rental is paid for entirely with an eligible credit card. To get coverage, the cardholder must decline the rental agency’s insurance plan.
If you’re looking for a credit card with rental car insurance, consider the USAA® Secured Visa Platinum® Card, instead. This card for provides coverage for damage caused by theft or collision up to the actual cash value of most rented cars. There are plenty of other options to consider, as well.
People also ask
Is Ally Platinum Mastercard a cash back credit card?
No, the Ally Platinum Mastercard® is not a cash back credit card, and it doesn’t offer any other type of rewards either. The Ally Platinum Mastercard®’s annual fee is $0, and it’s available to people with bad credit or better.
Key Things to Know About the Ally Platinum Mastercard®
- Rewards: None
- Annual fee: $0
- Regular APR: 22.99% - 29.99% (V)
- Foreign transaction fee: $0
- Credit required: Bad
- WalletHub editor’s rating: 3.8/5
- WalletHub user rating: 3.7 / 5...
What does Mastercard car rental insurance cover?
Mastercard rental car insurance covers physical damage or theft of an eligible rental vehicle, as well as loss-of-use charges and towing costs. Typically, Mastercard car rental insurance covers up to $50,000 or the price of the vehicle. To be eligible for this coverage, charge the entire car rental bill to your covered Mastercard credit card when you make the reservation and reject the insurance offered by the rental agency. The rental must also be made...
read full answer by tom_szekely, MemberDo I need rental car insurance?
You need some form of insurance to drive a rental car, but you only need to buy extra car insurance from the rental car company if you don’t have personal auto insurance or you’re traveling internationally. Standard car insurance policies usually extend to rental cars, so most drivers are already covered. Many credit cards also provide insurance against damage to the rental car itself.
You Might Need to Buy Rental Car Insurance If You:
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