Chase Ink Business Preferred Rental Car Insurance Review

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Chase Ink Business Preferred Rental Car Insurance Review

Million Mile SecretsChase Ink Business Preferred Rental Car Insurance ReviewMillion Mile Secrets Team

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Along with the 80,000 Chase Ultimate Rewards point sign-up bonus (the highest public bonus we’ve seen for a Chase small business card!), the Chase Ink Business Preferred card offers great perks like primary car rental insurance.

And that can save you big money!

Save Big Bucks and Get Peace of Mind When You Rent Cars With the Chase Ink Business Preferred

We’ll explain how it works.

Chase Ink Business Preferred Rental Car Insurance

Apply Here:   Chase Ink Business Preferred Card

Our Review of the Chase Ink Business Preferred Card

Chase Ink Business Preferred Guide to Benefits

The Chase Ink Business Preferred card offers primary auto rental insurance (CDW) when renting a car for business purposes.

Like the Chase Sapphire Preferred and Chase Sapphire Reserve, you’ll get primary rental insurance when you use your Chase Ink Business Preferred card to pay for your car rental (during a business trip!) and decline the rental agency’s collision damage waiver (often called CDW or LDW).  Coverage is also primary outside of your country of residence even if you’re renting for personal reasons.

The Chase Ink Business Preferred rental car insurance applies to rentals of 31 consecutive days or less in the US and most foreign countries.  But you must report your claim within 60 days of the loss and send in the claim form within 100 days of the loss, to claim any benefits.

What’s Covered?

If you decline the Collision Damage Waiver (CDW) offered by the car rental agency, and charge your rental to your Chase Ink Business Preferred card, the credit card insurance will pick up the bill for physical damage / theft, loss-of-use charges, and towing for the rental car if you get into an accident (up to the value of the rental car).  This is without requiring you to file a claim with your personal car insurance company.

You MUST be renting the car for business purposes if you’re inside the US.  Although it will provide primary rental insurance for personal rentals outside of the US.

Plus, lots of folks think that a credit card’s primary car rental insurance covers ALL damages.  That’s not true!  It only pays for the damages to your rental car.

What’s NOT Covered?

You are liable for any damages to another car, injuries to you or others, and any property damageBut your personal car insurance policy may cover those claims.

Also, certain expensive or antique cars are NOT covered.  Like Rolls Royces, Lamborghinis, and Ferraris, or any vehicles over 20 years old.

Chase Ink Business Preferred Rental Car Insurance
Antique Cars Are NOT Covered by the Chase Ink Business Preferred’s Car Rental Insurance

And if you use your Chase Ink Business Preferred card to pay for a car rental for personal use inside the US, the rental coverage is secondary.

How Do You File a Claim?

To report a claim, you can call the number on the back of your Chase Ink Business Preferred card or call Chase Ink Benefit Services at 888-320-9956 to start the claims process.

You’ll also have to provide documentation to support your claim.  Like written confirmation from your employer that the rental was for business purposes, or a copy of the receipt showing the full amount of the rental was charged to your card.

More Reasons to Use Your Ink Preferred Business Card

In addition to getting primary car rental insurance when you use your Ink Business Preferred card for a car rental, you’ll also earn 3X Chase Ultimate Rewards points per $1 you spend.  Because a car rental counts as a travel purchase!

Plus, you can redeem Chase Ultimate rewards points for 1.25 cents each towards travel (including car rentals!) through Chase’s travel portal.  It often has better deals than other car rental sites!

Other Cards That Offer Primary Car Rental Insurance

If you’re looking for other cards that offer primary car rental insurance, consider these:

Read the fine print, because small business cards typically provide primary coverage when you rent for business purposes.

Bottom Line

The Chase Ink Business Preferred card includes primary rental car insurance when you use the card to pay for a rental for business purposes.

For rentals outside the US, the primary coverage applies to personal rentals too.

You must decline the Collision Damage Waiver (CDW) offered by the car rental agency to qualify.  And you’ll be covered for damages to your rental car.  But NOT for damages to another car, property, or injuries to yourself or others.

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Ink Business Preferred℠ Credit Card

Ink Business Preferred℠ Credit Card

  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee

More Info

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does this rental car coverage apply to vehicles rented through Turo?
It would be a business travel

does the cardholder has to be the driver, or can it be rented for an employee (non-cardholder) to drive?

Hi Helen! I’m not sure on this one. The terms and conditions state “This benefit is in effect while the rental vehicle remains in your control or in the control of another Authorized Person. Coverage ends when the rental company reassumes control of the vehicle.”

BUT I’m not sure how they define an “Authorized Person”. It seems to depend on the specific rental car agreement.

The full terms are available here:

https://www.chasebenefits.com/inkpreferred

If accident happens, how can I prove that trip was a business trip, not a personal trip? Has anyone actually a real experience with filing such claim?

Hi John,

That’s a great question. I haven’t found any reports online of anyone who went through something similar so I’m not sure. My best guess is that it’s possible the bank may not ask for proof at all. But if they do want proof that it was a business trip, it may be up to the discretion of the bank to determine what paperwork is considered sufficient.