All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
RWRDS Daily Update – September 13, 2023 + MORE Sep 13th
SWISS adding flights from Toronto to Zurich, New confirmed Cobalt Multipliers in Canada, Australia and the U.S. and an Amex Offers statement credit for William Ashley. Check out today's points & miles updates here:
The post RWRDS Daily Update – September 13, 2023 appeared first on Rewards Can.... More »
Earn up to 110,000 welcome bonus points on the American Express Gold & Platinum Cards + MORE Apr 22nd
For the past month American Express has had limited time increased welcome bonus offers on their consumer and business Gold and Platinum cards in place and we are coming down to those offers ending soon. These new offers are in place until May 11, 2022 and offer up to 110,000 welcome points. H.... More »
RWRDS Daily Update – July 9, 2024: Earn 3x Avion Rewards points on hotel bookings & we review the moi RBC Visa Card + MORE Jul 10th
Earn 3x Avion Rewards points on hotel bookings, Credit Card Review: moi RBC Visa Card and Earn Double Stars at Starbucks until July 11. Check out today's points & miles update here:
The post RWRDS Daily Update – July 9, 2024: Earn 3x Avion Rewards points on hotel bookings & we review the.... More »
Top 5 Small Business Credit Card Sign Up offers for December + MORE Dec 7th
Here are the Rewards Canada Top 5 Small Business Credit Card Sign Up offers for December This is not a ‘best’ credit card list like our Top Travel Rewards Credit Card rankings but a look at cards for small businesses that have very good acquisition offers. As always when choosing a card .... More »
Could a line of credit impact my mortgage application? + MORE Nov 16th
Prospective house hunters and those looking to refinance an existing mortgage should consider the impacts of their lines of credit on their mortgage application. That’s because lenders take non-mortgage debt, including line of credit payments, into account when determining how much you can afford .... More »
What Is Rental Car Insurance and Do You Need It?
– canadianfinanceblog.com
When travelling for work or vacation, you may decide that the best way to get around is by renting a car. But finding the right vehicle for your trip isn’t the only decision you’ll need to make. Another important consideration is car rental insurance. But how exactly does it work, and how much will you need? In this article, I’ll explain how rental car insurance works and help you figure out what coverage you need.
What Is Rental Car Insurance?
There are no less than four types of rental car insurance that can protect you when you rent a vehicle. You can purchase coverage directly from the rental car company, or from another provider. You may even have existing coverage through your credit card or auto insurer.
Let’s take a look at how each type of coverage works:
Loss Damage Waiver (LDW)& Collision Damage Waiver (CDW)
A Loss & Collision Damage Waiver is not an actual insurance policy. You are paying for the car rental agency to waive its right to come after you for loss or damages in the event of an accident, fire, theft etc…
What Is Rental Car Insurance?
There are no less than four types of rental car insurance that can protect you when you rent a vehicle. You can purchase coverage directly from the rental car company, or from another provider. You may even have existing coverage through your credit card or auto insurer.
Let’s take a look at how each type of coverage works:
Loss Damage Waiver (LDW)& Collision Damage Waiver (CDW)
A Loss & Collision Damage Waiver is not an actual insurance policy. You are paying for the car rental agency to waive its right to come after you for loss or damages in the event of an accident, fire, theft etc…
A trio of new offers are available as part of the Amex Offers program. Check your card accounts to see if you have been targeted for these. The offers are from Burberry (we received it on Marriott Bonvoy American Express Cards and The Platinum Card), the Chesterfield shop (not sure which cards, this is on Amex’s general shopping page) and Lululemon (we received it on the American Express Cobalt Card and The Platinum Card). You can find these and all other current offers on our Guide to American Express Canada ‘Amex Offers’ An update to follow up on our post from Friday about the new Walmart Rewards World Mastercard. Walmart Financial let us know the card will have the same welcome bonus of $25 as the base card and provided the card art as to what the card will look like. Learn more here. And a reminder! Today is the last day to get HSBC World Elite Mastercard offer of up to 60,000 points with the first year annual fee waived. Apply for the card here. Airline Schedule Updates A summary Canadian operations based on data from RoutesOnline and other sources…
