Capital One’s rental car insurance covers physical damage or theft of a rental vehicle. It also covers reasonable towing costs and any valid loss-of-use charges from the rental agency. Put simply, Capital One’s rental car insurance (which comes on all cards) covers the same things as the insurance add-on from the rental agency.
To receive Capital One rental car insurance, all you have to do is use your Capital One credit card when you make the reservation and reject the insurance offered by the rental agency. Capital One’s rental car insurance is not valid for domestic rentals that exceed 15 days or international rentals exceeding 31 days. Not all vehicles are covered by Capital One’s rental car insurance, either. Expensive/exotic/antique automobiles are not covered. Neither are motorcycles, trucks, recreational vehicles or certain vans.
If you need to file a claim with Capital One’s rental car insurance (also called the “auto rental damage collision waiver"), call the Benefits Administrator at 1-800-348-8472 within 45 days of a covered incident. You’ll need to get a claim form from the Benefits Administrator. You’ll also need a copy of the repair estimate and an itemized bill from the auto shop. Plus, don’t forget to ask the rental agency for copies of the accident report as well as the initial and final rental agreements. If available, it’s best to have photographs of the damaged vehicle and a copy of the police report, too. Claims are usually finalized within 15 days of the Benefits Administrator receiving all of the required documents.
Capital One rental car insurance benefits differ based on the Capital One card you own. So they have different tiers, but even their most basic Visa Platinum and Mastercard Platinum cards will provide you with collision and theft coverage. All you need to do is pay for your rental with your Capital One credit card and reject the optional collision damage waiver offered by the rental company. And if you want to go in-depth, you can check the full rental car insurance terms here: https://www.capitalone.com/credit-cards/benefits-guide/.
Capital One credit card travel insurance covers car rentals and lost, damaged, or stolen luggage. It also covers you for death and injury when you travel as a passenger. You’re covered only if you make your travel purchases with a Capital One card.
Benefit availability and coverage limits vary among Capital One cards. Benefits may also differ depending on whether your Capital One card is on the Mastercard or Visa network. If you have a Capital One Visa Signature card, you’ll enjoy benefits such as travel concierge service, roadside assistance, and other travel perks in addition to what your Capital One card offers. Refer to your card’s Guide to Benefits for details.… read full answer
Here are the Capital One credit card travel insurance benefits:
Car rental insurance. Covered for damage and theft for up to 31 days when you purchase the entire rental on your Capital One card. Must also decline the rental agency’s insurance. Coverage includes towing to the nearest body repair shop. Covers most cars up to the full cash value. Vehicles not covered include, but not limited to trucks, motorcycles, RVs and luxury vehicles.
Travel accident insurance. Covers the cardholder and immediate family up to $250,000 if a travel accident causes death or dismemberment. Must pay for travel fare with a Capital One Visa Signature card to be covered. Policy covers accidents while traveling on a “common carrier.” Includes airplanes, trains, boats, buses, and other motorized vehicles or crafts.
Lost luggage reimbursement. Checked or carry-on luggage is covered up to $3,000 if lost, damaged, or stolen. Covered only for fares purchases with an eligible Capital One card. Items not covered include, but not limited to money and credit cards; eyeglasses and contact lenses; artwork; cell phones; and motor vehicles, equipment, and accessories.
Capital One credit card travel insurance can save you hundreds, if not thousands of dollars if an unforeseen event occurs while you’re traveling. Familiarize yourself with the terms of your benefits and confirm that you’re covered before you pay.
You can easily redeem Capital One Venture miles through the Capital One website, mobile app or customer service phone line. That’s fairly standard. What’s unique is that you can redeem Capital One Venture miles either before a trip, to book your accommodations, or to pay for travel expenses after the fact. You can charge any type of travel to your Venture card and then use your miles to pay once the purchases post to your account. You can also redeem Venture miles for gift cards and other non-travel rewards, but you’ll get half the value if you do that.… read full answer
Capital One Venture’s redemption process is one of its major perks. But there definitely are some do’s and don’ts to be aware of if you want to get top dollar for your miles. So let’s take a closer look.
Here’s how to redeem Capital One Venture miles online:
Choose your redemption method. The options are: “Redeem travel purchases,” “Book a trip,” “Get gift cards,” “Get an account credit,” “Get a check by mail,” and “Transfer Rewards.”
Follow the instructions for the option you’ve chosen.
As you can see, there’s a lot of different ways to redeem Venture miles. And with 2 miles for every dollar spent, along with a 50,000-mile initial bonus, they’ll build up fast. It’s also useful to note that you can redeem through the Capital One app too. Just log in with the same user name and password, click “Redeem Rewards” at the bottom, and select one of the options.
Here are the options for redeeming Capital One Venture miles:
Redeem travel purchases: 1 cent per mile Capital One shows you what travel expenses you’ve made in the past 90 days, and you can use your miles to “erase” some or all of the cost from your credit card statement.
Book a trip: 1 cent per mile The Capital One travel booking tool is powered by Orbitz, so you should have access to most major airlines, hotels and rental car companies.
Get gift cards: 0.5 cent per mile 90 stores are represented, including Bed Bath & Beyond, Lowe’s, AMC and Best Buy. Gift cards for as little as $10 are available for many stores. But the denominations vary by store.
Get cash back: 0.5 cent per mile You can get a deposit into your checking or savings account or receive a check by mail. You can also set up automatic cash redemption when you reach a certain number of miles.
Transfer miles: Value depends on the partner If you have another Capital One Venture or other travel rewards credit card account, you may be able to transfer your rewards to it.
The most convenient part about redeeming Capital One Venture miles is that you don’t have to decide to use them before making a purchase. You can use the so-called purchase eraser to pay for any type of travel expense charged to your card in the last 90 days. Capital One isn’t stingy about what it considers travel, either. It includes everything from hotels, airlines and cruises to Airbnb and Uber. That flexibility, combined with Venture’s top-notch rewards value, makes it one of the best cards available to frequent travelers.
How much 40,000 miles are worth depends on the airline or credit card you earn them from and when you book your flight. On average, 40,000 miles are worth about $400. But it can vary widely. For example, 40,000 AAdvantage miles are worth roughly $456 in American Airlines airfare. With United, 40k miles get you $416 in flights. And 40k Delta miles are worth $532.… read full answer
Here’s how much 40,000 miles are worth by airline:
Credit card miles that aren’t tied to a particular airline typically get you a penny each. But how you redeem your miles is really important, too. For example, the Capital One Venture Card’s 50,000-mile initial bonus is worth $500 when used for travel but just $250 when redeemed for cash.
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