Yes. The American Express Gold Card does have car rental insurance. American Express Gold Card car rental insurance covers eligible cardholders, their spouses, and any authorized drivers for rentals up to 30 consecutive days charged to the Amex Gold Card. The benefit provides reimbursement for damages resulting from collision or theft of a rental vehicle, up to $50,000 or the actual cash value of the vehicle, whichever is less. To be eligible for this coverage, the cardholder must decline the rental agency’s car rental insurance plan.
To file an Amex Gold card car rental insurance claim, visit the Car Rental Claim website, or call 1 (800) 338-1670 as soon as possible. Just bear in mind that Amex Gold Card rental car insurance is secondary, which means you will first have to report the incident and file a claim with your primary car insurer before Amex Gold’s coverage kicks in.
On that note, American Express does offer its own primary car rental insurance through its Premium Car Rental Protection program. You’re covered for up to 42 consecutive days when you enroll and pay a flat rate per rental vehicle.
Amex Premium Car Rental Protection is a paid flat-rate rental car insurance policy that provides up to $100,000 in coverage for stolen or damaged rental cars. It covers rentals of up to 42 consecutive days. The policy makes Amex a primary provider. In other words, policyholders can go to Amex first after a rental car gets damaged or stolen. That means they don’t have to rely on a personal auto insurance policy.… read full answer
All Amex credit cards offer free rental car insurance. But that coverage is secondary. Cardholders have to file a claim with their auto insurer before asking Amex for any compensation. The other big difference between Premium coverage and regular insurance from a credit card is that Premium coverage also insures you for personal injury or death. And it covers damaged property.
Amex Premium Car Rental Protection costs $19.95 per rental period or $24.95 per rental period. The cost depends on if you pick the higher or lower coverage option. You don’t pay on a monthly basis. Rather, you get charged every time you rent a car. The cost remains the same no matter how many days you rent the car for, from 1 to 42.
The American Express Gold Card limit is determined on a month-to-month basis, depending on the cardholder’s previous spending habits, income, credit standing, payment history and other factors. That is because Amex Gold has a feature called no preset spending limit, or “NPSL,” and it results in the monthly spending cap not being disclosed to the cardholder.… read full answer
While no pre-set spending limit can offer you some flexibility, it can be difficult in emergency situations. You can know roughly what you’re able to spend based on past months, but you never know exactly when a future purchase will be declined. There are reports of cardholders getting messages from Amex telling them that they are approaching the amount they can spend, though.
If you’d rather get a card with a set credit limit, some good rewards card options from Amex include the Cash Magnet, Blue Cash Preferred and Blue Cash Everyday cards.
The best Amex Gold benefits are annual dinning credits, rental car insurance, baggage insurance, purchase protection, and extended warranties on purchases. The card also offers exclusive access to event tickets, dining credits, special perks at select hotels and more.
These benefits help soften the blow of the Gold Card’s $250 annual fee, so make sure to get to know them well. Top Amex Gold Benefits:… read full answer
Rental car insurance
Up to $50,000 in insurance for vehicles rented with the Gold card when you decline the rental agency’s own insurance. Covers collision damage and theft on eligible vehicles.
Reimburses damage to or theft of luggage while traveling on a common carrier, such as a plane, train or bus. The coverage is up to $1,250 per person per trip for carry-on baggage and up to $500 for checked baggage. There’s a $10,000 maximum total per trip.
Offers $10,000 per item and $50,000 per calendar year in coverage for items you buy with the card that are damaged or stolen within 90 days.
Adds one additional year to the existing manufacturer’s warranty on items you buy with the card. The original warranty must be 5 years or fewer.
Cardholders get access to exclusive presale tickets for concerts, sporting events, theater, etc. There are also special cardmember-only events.
Dining credit and Uber Cash
Up to $120 back annually ($10 per month) on purchases with Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations. Plus, up to $120 in Uber Cash per year ($10 per month) for Uber Eats orders or Uber rides in the U.S.
The Hotel Collection
Credit of $100 per room per stay at select hotels each time you stay 2+ consecutive nights. Plus, perks like a free room upgrade when available.
In all, there are a lot of Amex Gold benefits. And the card offers plenty of other great features in addition to these perks, such as ample rewards and a 0% foreign transaction fee.
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