Careful relying on your credit card for CDW/LDW coverage on a rental. Yes, most Gold / Platinum cards include this coverage, but there are a few restrictions. Typically, it's excess over your personal (or commercial) policy, meaning it will basically cover the deductible on your own car insurance coverage (unless you're in a State that puts coverage for rental cars under liability, in which case there is no deductible so your credit card may not pay anything). If you don't have an auto policy then the Credit Card coverage becomes primary. Credit Card coverage will also typically not cover damages sustained while not on road (don't take that rented SUV on the beach), rentals over 15 days, theft of an unlocked vehicle, depreciation charged by the rental company or losses while the vehicle is operated by an unauthorized driver. Some coverage will cover "loss of use" (rental income lost while the vehicle is being repaired) and some will not. Towing cost is another issue and many Credit Cards only cover up to $50,000. How much is the MSRP on that convertible anyway? Oh, and if it's a personal credit card, the rental must be in your name, not your company's name, and signed for by you. In addition, Credit Card coverage will typically not cover losses that occur "while you or an authorized driver is in violation of the rental agreement". Anyone ever read the rental agreement? Some rental agreements require immediate payment for the damage to the vehicle while the Credit Card coverage will only pay after your personal policy pays whatever they are going to pay. Can you afford to have your credit card charged $20,000 for that car and still continue your vacation (or your daily life for that matter). While I hate forking over $22 per day as much as the next guy, I still buy the LDW / CDW coverage.
