Visa Expands CDW Coverage to All Consumer Cardholders

SAN FRANCISCO -- Visa USA today announced it is extending collision damage waiver coverage to all Visa consumer credit cardholders. This was a benefit previously reserved only for select cards.

The move is expected to substantially decrease the car rental industry's incremental sales volume at the counter.

"Auto rental insurance is one of the most popular credit card benefits among cardholders today," said Al Banisch, senior vice president of consumer credit products at Visa USA. "As a result of these changes, an additional 75 million Visa cardholders, and more than 185 million in total, will now benefit from auto rental insurance when paying for a car rental with their Visa credit card."

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Are Commercial Drone Deliveries Eminent in the U.S.?

Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

Job Finder: Access Top Talent. Fill Key Positions.