New Study Reveals Americans' Credit Card Travel Benefits Habits Need another topic in this

June 23. When it comes to travel, having the right credit card can make a significant difference in terms of convenience, savings, and peace of mind. WalletHub recently conducted its 2023 Credit Card Rental Car Insurance and Credit Card Travel Insurance studies, shedding light on consumer preferences and opinions regarding travel perks. In this article, we explore the key findings from the research, emphasizing the importance of credit card benefits and highlighting the best credit cards for rental car insurance and travel insurance.



  1. Inflation Boosts Interest in Travel Benefits: With inflation impacting travel costs, a notable 34 percent of Americans express a heightened inclination to utilize credit card travel benefits. The rising expenses associated with travel have sparked a greater appreciation for the value and protection that credit card perks can provide.

  2. Preferred Credit Card Travel Benefits: Among the most sought-after credit card travel benefits, trip delay/cancellation insurance tops the list, with 41 percent of respondents desiring this coverage. Following closely are insurance for accidents while traveling (26 percent), rental car insurance (20 percent), and airport lounge access (13 percent). These benefits contribute to a seamless and secure travel experience.

  3. Underutilization and Customer Service Concerns: Surprisingly, almost half of Americans feel they do not fully leverage their credit card benefits, missing out on potential savings and protections. Additionally, three in 10 Americans report unsatisfactory customer service experiences while traveling, indicating the need for improved support from credit card companies.

  4. Trust in Credit Card Rental Car Insurance: WalletHub's research reveals that 60 percent of individuals trust the rental car insurance offered by credit cards more than the insurance provided by rental companies. This finding highlights the value and reliability of credit card rental car insurance for travelers seeking comprehensive coverage and peace of mind.

  5. Travel Benefits Influence Credit Card Choices: Over half of respondents (55 percent) consider travel benefits a significant factor when applying for a new credit card. This emphasizes the growing importance of travel perks as individuals seek cards that align with their travel needs and provide added value during their journeys.

  6. Best Credit Cards for Rental Car Insurance and Travel Insurance: Based on WalletHub's analysis, the Chase Sapphire Reserve is recognized as the top credit card for rental car insurance. It offers worldwide rental car insurance for up to 31 days, including coverage for damages from dirt and gravel roads and towing charges. For comprehensive travel insurance, the Chase Sapphire Preferred stands out, providing coverage up to $500,000 for travel accidents, as well as compensation for lost luggage, trip cancellation, delayed trips, and delayed luggage.

Conclusion: Selecting the right credit card can greatly enhance your travel experiences and provide essential protections. With inflation driving interest in travel benefits, it is crucial to explore the offerings of various credit cards and find the one that aligns with your specific travel needs. Consider the best credit cards for rental car insurance and travel insurance, such as the Chase Sapphire Reserve and Chase Sapphire Preferred, to ensure a smooth and worry-free journey. By leveraging these travel benefits, you can make the most of your credit card and optimize your travel experiences.

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