What's Happening?
The Atmos Rewards Summit Visa Infinite Credit Card, recently launched with a $395 annual fee, provides primary auto rental collision damage waiver coverage. This benefit is significant for travelers as it covers damage from theft or collision without being supplemental to other insurance. The coverage applies to cars with an MSRP of up to $75,000 for rentals up to 15 days domestically and 31 days internationally, excluding certain countries like Israel and Jamaica. The card also offers 3x points on foreign purchases, making it advantageous for international rental car spending.
Why It's Important?
The primary rental car coverage offered by the Atmos Rewards Summit Card is a valuable perk for frequent travelers, potentially saving them from high insurance costs typically charged by rental agencies. The card's 3x points on foreign purchases further enhance its appeal, providing a strong return on spending abroad. This makes the card particularly attractive to those who travel internationally and rent cars, as it combines financial benefits with practical travel insurance coverage.
What's Next?
Cardholders should review the cardholder benefits guide for detailed terms and conditions, as benefits are subject to change. Travelers planning to use the card for rental car coverage should ensure their rentals fall within the covered categories and countries. The card's benefits may prompt other credit card issuers to enhance their offerings to remain competitive in attracting frequent travelers.
