Chase Sapphire Preferred® Card Phasing Out 7% Annual Dividend, Adding Primary Rental Car CDW Insurance Worldwide

Do you have the link to the updated “Guide to benefits” for this card?

@pointie:
Not yet.
Existing customers should get something in the mail over the next couple months.

Thanks for the post. Just one correction. Ezpass is not considered travel on the sapphire. I spoke to them several times and thats what they told me.

Does the car rental primary benefit also apply to the chase ink business bold card?

How many days will csp cover for a rental in us

Is there a Forex on this card

@DZ the Telzer:

No forex

@samuel:
Everything I’ve read online from people indicate that they have gotten double points for EZ-Pass.
Are you sure you didn’t get double?
I wonder if it might vary by state?

@shmool325:
Ink cards only offer primary CDW on rentals in your home country that are for business purposes only.
Personal rentals only have secondary coverage on Ink.

@Jr:
31.

@DZ the Telzer:
Nope!

Dan,

The Benefits administrator is not aware of the primary for this card at this time. I would be cautious to rent something and expect primary coverage without seeing something in writing. I am sure it is true, but the folks that handle the benefits are not aware of this as of now.

Will the coverage apply also for existing rentals started before their upgrade?

also, what is the length of rental days they are covering? I once heard they are covering only for 15 days.

@pointie:
It just went into effect 48 minutes ago.
Give them a few hours to catch up 😀

@Joel:
Doubtful.

31 days.

lol!

Hi Dan,

How does the primary rental insurance compare to American Express’ version where you pay $25/day?

When I rent now, I put the car on my AmEx and upon returning the car I ask the agent to bill me on a different card instead (assuming the car is undamaged!)

Should I continue with AmEx or start renting with Sapphire Preferred?

Super:

What you speak of is a program (premium car rental coverage) that covers a rental for up to 42 days per rental period. Also, not all states pay the $24.95 a day. Clearly, this new SP deal is better………

CORRECTION: $24.95 a rental period

As long as we have United for primary insurance, is it possible to apply (or recon) today for the current 7% dividend card instead of the new card? (but losing out on the increased trip insurance)

when is the 7% being phased out? Is it too late to apply?

How does sapphire return protection compare to Amex?
As for the travel protections I have learned that by time you are done with All their exclusions there isn’t much they are covering..

Did the regular Sapphire card (not Preferred) also get the primary CDW?

Hi dan.

Have 2 questions on the benefits
1. When renting a vehicle in israel for example, were the price of cars are significant higher and every full size car exceeds the 50k value limit or in every other country when the rental company suddenly offers you a luxury car that exceeds the limit what do you have to do? Do you have to decline the upgrade in order to be covered?
2. On award tickets, if I paid all charges and fees with my CC, will I be entitled to travel protection as trip interruption, lost luggage?

On award tickets, if I paid all charges and fees with my CC, will I be entitled to travel protection as trip interruption, lost luggage?

@SuperAIDS:
SP is a whole lot less of a hassle than that.

@sara:
All cards will have these new benefits.

As far as the 7% goes, that’s being phased out today.

@Susan B:
It seems like it’s already phased out for new applications.
I mean anything is possible and applications today might fall through the cracks, but you shouldn’t bank on that.

@Anonymous:
Not as smooth, but it does cover a higher amount.

@crazy tools:
No, only the preferred.

@chaim:
1. My understanding is that Chase doesn’t have a dollar amount cap on their CDW coverage.
And luxury cars are included (though exotic cars are excluded).

2. Again, my understanding is that as long as you put all the taxes/fees on the card that you will be covered.

Are these new benefits also in effect in the the sapphire non-preferred?

With the new terms in effect, does Sapphire rank better than Amex cards for all car rentals and flights? Or are some of the Amex cards still better in any ways?

@Dan: In the “Guide To Benefits” book they exclude vehicles with an MSRP over 50k

Thanks for all this info! How can I get the letter of coverage stating that I’m covered in Israel from Chase?

If you don’t have collision insurance on your car, then secondary insurance will cover you. I have never had collision insurance, it is the biggest waste of money out there. Save the money in a bank account and you’ll have enough money to buy a new car if you ever total yours.

@Dan: I totally disagree with u Dan, Amex collision is Alot easier to deal with than SP. I’m talking from experience, Iv been involved in a few accidents and Amex way easier.

I bought tickets on my SP 4 weeks ago
do I need to purchase travel insurance?
what am I covered for under the SP

FYI, Chase Fairmont offers primary CDW too.

Dan,
Do you think it’s worth it to have sapphire preferred if I have ink bold?

@rocky:
No.

@milechazzer:
No AMEX card gives free primary coverage or coverage in Israel.

@Novo:
Not in my guide and not according to the reps on the phone.
When is your guide from?

@Mickey:
Call.

@Jason Smith:
Are you kidding me?
I pay $90 per 6 months for collision damage on my Altima and Odyssey. How long do you want me to save the $180 per year to be able to afford a totaled car?

You’ve given lots of advice via comments that I disagree with, but this one takes the cake.

@Disagree:
Remind me not to drive with you 😉

AMEX might be easier but is it worth $25 per rental (or quasi insurance fraud and taking the time to manually change your card every time at the end of a rental)?

I’ve had 2 rental insurance bogus scratches made up by Avis and Budget in TLV.

Didn’t have an issue getting my money back.

@thanks dan:
Personally I never buy travel insurance.
SP gives trip cancellation insurance for covered reasons for free.

@Avi:
Don’t have that card, but good to know. SP is a much more useful card for ongoing spending.

@Spoke:
Definitely, they both have very strong bonus point categories that don’t overlap.

@dan
My mistake. They indeed give double points for ezpass. However on ezpass at airport parking they do not give double since its considered parking and not travel expanse. Aweard no?

Dan, I can agree with you on the $90 for 6 months, but in the New York/New Jersey area there is not a single insurance company that will give you collision insurance for that price. I just priced it right now for Hunterdon County, NJ and 1 year of collision is $600 with a $2,500 deductible and $1,400 a year with a $100 deductible (on a car with brand new value of $14,000). And it is even higher than that in New York City.

So Dan, yes for $90 I can agree it is worth it, but I was referring to the cost of collision in the New York/NJ metro area.

@samuel:
Parking gets double points as well, so yes, that’s odd.

@Jason Smith:
Ah yes, posting advice without saying it’s only for NY’ers is a common theme.

However there’s good reason for that price discrepancy, because in NY metro the odds of getting in an accident are far higher than elsewhere. And you might want that coverage that much more.

For an apples-to-apples comparison though, I carry a $1,000 deductible. And my total 6 month premium with strong liability, collision, and comprehensive for the Altima+Odyssey is $300.

if I decide not to go to Israel because of whats going on
would I be covered under SP trip cancellation?

@thanks dan:
Did you call the airline and try to cancel or rebook?

@Dan
I did not call yet
I booked on Alitalia do you think they will let me cancel?

How do these new trip delay, luggage protection, etc. benefits compare to the benefits on the Amex cards?

thx

@Dan: trust me, u Dnt wanna drive with me! Nor does any1 else! 🙂
I got the money back from SP also no biggy (plus the 2x a dollar for the charges!! Lol) Just saying tht Amex is even easier.

If I already have a freedom card and am getting the 7% dividend, and I apply for the sapphire today would I get the 7% for the sapphire as well for the next 2 years?

Thnx dan😄

@thanks dan:
You won’t know if you don’t try.

@milechazzer:
Depends which AMEX cards, but generally AMEX charges extra for those protections.

@Disagree:
But SP is cheaper and you get more points.

@Binny:
If you try let us know.
But the Freedom gets a 10% checking account dividend. The SP 7% dividend had nothing to do with a checking account.

@milechazzer: They’re much better than most Amex card. Most amex cards just provide accident coverage (like if your plane crashes and you die or get injured you get money).

Does 7% dividend phase out change which card to use on a daily basis?

@Dan:
I gotta know which insurance company you’re with! We are in Cleveland too, and are paying about $400 in 6 months for 2 similar cars to yours, with Geico. Both myself and my wife have perfect driving records. I’ve called many insurance companies to check rates, and this was the cheapest I found- who are you with that is only charging $300? Thanks!

Hey @Dan,

Any idea if the primary can be used in Ireland? I know the have harder rules on CC CDW, thanks.

You stated: “And they will give you a letter of coverage stating that you are covered in Israel so that you don’t have to argue at the rental car counter that your Chase Visa does give CDW coverage.”

What about the MC? Doesn’t the Sapphire Preferred World MC offer the same coverage?

If I got the chase sapphire Preferred visa card 2 years ago 2012, once I got the bonus and waited for a year I cancelled it 2013, could I sign up and get the bonus again for this card? thanks!

Hi Dan so my quastion is like this i currently have the Saphire MC & i read on DDF that you have both the visa and the MC so I applied last week for the visa and i called Recon spoke with 3 speclist 2 superviser 2 senior speclist they all said the same thing there is no such a thing as having both i explained to tham why i need both they said i undersant but the computer wont even let him overide it its impossibe only if i close the MC can i get the visa so my Q is: What am i doing rong what sould i tell tham to convince them? also what should i do now close the MC but iam waiting for the %7 thats gonne be a big amount also if i close and open the vise will i still be eligabile for the 7%

Hey Dan, I don’t own a car and therefore don’t have any type of auto/car insurance. Does this mean that there’s no difference between primary or secondary coverage? (and therefore no reason to put rentals on the SP?)

Dan, I just got into an accident in NY in a rental, paid for on the sapphire preferred and I just called to file a claim and I called the claims dept and she said I don’t have primary coverage. She told me to file a claim anyway which is what I did. What do I do now to make sure they cover this and I don’t have to go through my car insurance?

so theoretically would i have to have car insurance at all? or could i be rid of car insurance and still use this benefit? just a curious point. I’m guessing the car rental places still require proof of liability?