Yes, the Amex Gold card does have rental car insurance. 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.
It covers eligible cardholders, their spouses, and any authorized drivers for rentals up to 30 consecutive days charged to the Amex Gold card.
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 Amex cardholders with 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
Amex Premium Car Rental Protection Info
Cost: Flat rate of $19.95 or $24.95 per rental period ($15.95/$17.95 for CA residents and $12.25/$15.25 for FL residents). 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.
Activation: Your enrolled card accounts will automatically be charged when used to pay for a rental vehicle.
Type of coverage: Primary coverage for theft or damage to the rental vehicle. You get worldwide coverage, except for vehicles rented in Australia, Ireland, Israel, Italy, Jamaica and New Zealand. Coverage is up to 42 consecutive days and extends to a large number of rental vehicles.
Coverage amounts: Up to $100,000 for damage or theft for the higher priced option (up to $75,000 for the lower option).
What is covered: Many rental vehicles, including luxury vehicles, SUVs and pickup trucks.
Who is covered: The enrolled cardholder, and any passengers, including authorized drivers, boarding, sitting, riding or alighting from the rental car. In addition to being covered for theft or damage of the rental vehicle, drivers and passengers get secondary medical coverage and accidental death or dismemberment coverage.
All Amex credit cards offer free rental car insurance. But that coverage is secondary and not as extensive. 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 also covers damaged personal property.
The Amex Gold card has no preset spending limit, which means the spending power is determined on a month-to-month basis, depending on the cardholder’s previous spending habits, income, payment history and other factors. This does not mean that consumers are able to spend limitlessly with a no preset spending limit. Amex Gold cardholders are given a flexible spending capacity, rather than a specific one.… read full answer
More info about the Amex Gold card NPSL
While not having a preset spending limit (NPSL) 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 with most NPSL cards, you never know exactly when a future purchase will be declined.
American Express makes it easier to plan for future purchases, though. If you're unsure whether a large purchase will be approved or not, simply use the Check Spending Power tool in your online account or mobile app.
The best Amex Gold card benefits are trip delay insurance and baggage insurance. The American Express® Gold Card also has extended warranty and purchase protection, which are more common perks across American Express credit cards.
Along with these benefits, the Amex Gold card has a $250 annual fee and gives rewards on all purchases. As long as you have good credit, the American Express® Gold Card is certainly a card to consider adding to your wallet.
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