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Are there credit cards which offer Collision Damage Waiver (CDW) or Excess Insurance?

We explain whether or not you need to take out additional insurance if your credit card has Collision Damage Waiver cover.

There are credit cards issued, particularly in the US and Canada, which include CDW. Sometimes they do not cover theft, and may also have large excesses. Cardholders have advised us that some countries (Ireland and Italy are examples) are 'excluded' from the cover provided by some cards.

We therefore suggest that if you are relying on this insurance that you read the conditions carefully.

Many of the Car Hire Insurance policies through the MoneyMaxim panel can be purchased by residents of any country - and some are priced in Euros, US Dollars are well as £ Sterling. For more details of policies for those not living in the UK please visit Car Hire Insurance for non UK nationals.

Credit Cards with CDW and SLI insurance included

As far as we are aware there are no UK Credit Cards offering CDW or Excess Insurance (unless you are an existing Nat West Black Mastercard cardholder, which is now closed to new customers, but did offer this benefit).

Charge Cards with CDW and SLI insurance included

The American Express Platinum Chargecard offers a range of benefits including a comprehensive travel insurance policy, which includes car hire excess insurance, collision damage waiver and supplementary liability insurance. There is an annual fee of £450 for this card. For further details visit the Amex Platinum Chargecard website. Please note there is a similarly named Platinum Cashback card which does not offer this benefit.

If you are aware of any others please do drop us a line so we can share this with other readers.

This content was last reviewed on 27/10/2014

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