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Many VISA cards losing CDW, Extended Warranty, Purchase protection

Many VISA cards losing CDW, Extended Warranty, Purchase protection

Old Feb 2, 21, 12:13 pm
  #1  
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Join Date: Feb 2018
Posts: 119
Many VISA cards losing CDW, Extended Warranty, Purchase protection

H/T to Doctor Of Credit for this article. Mentions that standard Visa cards may lose these benefits. Unknown if premium ones will.

https://www.doctorofcredit.com/many-...se-protection/
restrictonthehanger is offline  
Old Feb 9, 21, 9:18 am
  #2  
 
Join Date: May 2013
Location: New York
Programs: UA Silver, Marriott LTP, Hertz President's Club
Posts: 957
Really a pity. Noticed this on my Cash+ card which was my primary rental car credit card. Had Hertz claim door dings at YYZ. Once I mentioned I had CDW on my rental car (and it was primary coverage), the Hertz rep pointed me to the website, told me to file claim, and give the claim number to them. Did so, they said thanks, and I was totally uninvolved. Fairly painless.

Seems with the revenue risks (or maybe increased usage) banks are reducing these benefits on cards where they only make money through swipe fees/balances rather than AFs...
phltraveler is offline  
Old Feb 12, 21, 1:19 pm
  #3  
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Join Date: Jan 2014
Location: San Diego, CA
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Originally Posted by phltraveler View Post
Really a pity. Noticed this on my Cash+ card which was my primary rental car credit card. Had Hertz claim door dings at YYZ. Once I mentioned I had CDW on my rental car (and it was primary coverage), the Hertz rep pointed me to the website, told me to file claim, and give the claim number to them. Did so, they said thanks, and I was totally uninvolved. Fairly painless.

Seems with the revenue risks (or maybe increased usage) banks are reducing these benefits on cards where they only make money through swipe fees/balances rather than AFs...
I'm going with increased usage as the reason. A lot of people didn't even know these benefits existed until recently (within the last 5 or so years), after all. One saving grace is that it's still hard to justify cutting CDW on cards designed for travel use, but I'm not sure whether that's due to decreased travel or simply because it's still expected on those cards.
tmiw is online now  

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