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Credit cards typically provide collision damage waivers when the cardholder uses their associated credit card to pay the costs of renting a car and waive the additional coverage at the rental counter.
If you have rental car coverage through your credit card but no primary auto policy, you may want to call the card issuer for additional information before declining coverage through the rental ...
Unlike its former banking service, which was provided by CIBC, PC Money Accounts are issued directly by President's Choice Bank. [5] The PC Money Account card can be used to collect PC Optimum points on purchases, and can be used online and worldwide at any retailer that accepts Mastercard. Unlike conventional chequing accounts in Canada, the ...
Most rental car companies offer insurance to cover damage to the rental vehicle. These policies may be unnecessary for many customers as credit card companies, such as Visa and MasterCard, now provide supplemental collision damage coverage to rental cars if the rental transaction is processed using one of their cards. These benefits are ...
Damage waiver (DW) or, as it is often referred to, collision damage waiver (CDW) or loss damage waiver (LDW) is a term that can be included or purchased as an option in a car rental agreement, by which the rental company waives the right to pursue compensation from the renter if the vehicle is damaged or stolen. [1]
Some credit card companies offer additional insurance protection if you use the card to pay for the rental car costs (before reimbursement from your auto insurance company, or the responsible ...