Car Rental Credit Cards – Credit Cards with Cheap Car Rental Deals

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Credit cards can cater to those who rent cars in a range of ways. Find out how you can benefit.

Rewards credit cards offer rewards applicable to the vast majority of spenders out there—there's usually something for everyone.

A rewards credit card can benefit those who regularly rent vehicles in the following ways:
You can use rewards points to pay for car rental
You can earn bonus points when using car rental partners
Some cards have complimentary rental vehicle excess insurance

Read on to learn more about how each of these benefits works and how you can compare the cards which offer them.

Car rental credit card comparison

Rates last updated May 25th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($129 p.a. thereafter)
Offers a 0% p.a. for 22 months balance transfer, $0 annual fee for the first year and an annual fee refund each year when you spend $6,000.
ANZ Platinum Credit Card
19.74% p.a.
0% p.a. for 18 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
Receive a 0% p.a. for 18 month balance transfer offer and a $0 first year annual fee. Plus, complimentary overseas travel and medical insurance.
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Platinum card benefits including complimentary insurance, plus first year annual fee waiver and 0% p.a. for 24 months on balance transfers.
ANZ Frequent Flyer Platinum
19.99% p.a.
$0 p.a. annual fee for the first year ($295 p.a. thereafter)
Receive 65,000 bonus Qantas Points when you spend $2,500 on eligible purchases within the first 3 months. Plus, a $0 annual fee for the first year.
American Express Platinum Card
$1,200 p.a.
Receive an annual $300 Platinum Travel Credit, 80,000 bonus Membership Rewards points and access to more than 1,100 VIP lounges worldwide.
ANZ Rewards Platinum
18.79% p.a.
$0 p.a. annual fee for the first year ($95 p.a. thereafter)
Receive a $0 first year annual fee offer, 65,000 bonus Reward Points when you meet the spend criteria and up to 1.5 points per $1 spent.
Westpac Altitude Black - Qantas
20.24% p.a.
$250 p.a.
Earn 80,000 bonus Qantas Points when you spend $5,000 on eligible purchases. Plus, 2 yearly Qantas Club lounge invitations.
ANZ Rewards Travel Adventures card
20.24% p.a.
$225 p.a.
Receive 40,000 bonus Velocity Points, 2 yearly Virgin Australia lounge passes, plus enjoy $0 overseas purchase transaction fees.
St.George Amplify Platinum
19.49% p.a.
$99 p.a.
Receive 50,000 bonus Amplify or Qantas Points when you spend $2,000 within 90 days and earn 0.5 Qantas Points or 1 Amplify Point per $1 spent.
Bank of Melbourne Amplify Platinum
19.49% p.a.
$99 p.a.
Earn 50,000 bonus Amplify or Qantas Points when you spend $2,000 within 90 days and earn 0.5 Qantas Points or 1 Amplify Point per $1 spent.
Bank of Melbourne Vertigo Platinum Card - Online Offer
12.74% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Online only: Enjoy 0% p.a. interest for 24 months on balance transfers (with a one-time 1% BT fee). Plus, a $0 first year annual fee.

Compare up to 4 providers

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You can use rewards points to pay for car rental

Most of the frequent flyer and rewards programs in the market today allow you to use your points to pay for car rental services. There's a couple things you should know about this.

Unlike using points to claim with hotels, most programs have only one car hire partner.

Rewards programCar hire partners
Qantas Frequent Flyer and American ExpressAVIS
Virgin Velocity Frequent Flyer ProgramEuropcar (with Hertz and Thrifty supposedly on their way)t
Westpac AltitudeHertz

If you regularly use the services of one car hire company in particular you'll want to see if they're a partner with any frequent flyer programs.

Different rewards programs allow you to use your points in different ways.

This will also have an impact on how you use your points towards renting a car. Some frequent flyer programs like Qantas', American Express' and Westpac Altitude only allow you to redeem your points for car hire vouchers. Others like Virgin Velocity allow you to directly redeem points for car hire.

You can earn bonus points when using car rental partners

Most frequent flyer and rewards programs also allow you to earn bonus points when using car rental services. If we take some of the above examples we can see the extra points able to be earned when hiring a vehicle.

  • Qantas Frequent Flyer Program

You can earn bonus points for the following car hire partners.

Car hire partnersIn AustraliaOutside of Australia
AVIS3 points per dollar spent700 points per rental
Budget3 points per dollar spent700 points per rental
  • Virgin Velocity Frequent Flyer Program

Car hire partnersIn Australia and New ZealandOutside Australia and New Zealand
Hertz3 points per dollar spent800 points per rental
Thrifty3 points per dollar spent800 points per rental
Europcar3 points per dollar spent800 points per rental

There are also bonuses to this rate depending on what Velocity membership level you have.

Membership levelBonus points rate
Silver50% bonus points
Gold75% bonus points
Platinum100% bonus points
  • Westpac Altitude Program

The Altitude Program also gives cardholders the ability to earn bonus points when hiring a vehicle from Hertz.

Card usedBonus points earned
Altitude Business cards1 per dollar spent
Altitude Black, Altitude Business Gold, Altitude Platinum3 per dollar spent

kids_in_a_car_Shutterstock

Complimentary rental vehicle excess insurance

As part of the benefits of many gold and platinum credit cards card providers will give cardholders free insurance policies.

These policies can include complimentary travel insurance and of particular relevance to this article, insurance which covers your excess in the event you have an accident in your rental vehicle and it suffers damage.

Compare the market today

As you've probably noticed, there are quite a few cards out there which offer the benefits listed above, so you'll want to compare rewards cards out there to find the right one for your use.

The information about earning bonus points and redeeming points with car hire partners can be found easily on the rewards page of the card you're looking for.

If you want to compare car rental excess you can read about the limits and exclusions on one of our complimentary insurance pages or in the terms and conditions on the card provider's website.

Pictures: Shutterstock

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Credit Card Offers

Important Information*
Westpac Low Rate - Online Offer
Westpac Low Rate - Online Offer

Interest rate

13.49

Annual fee

59
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

129
NAB Low Fee Card
NAB Low Fee Card

Interest rate

19.74

Annual fee

30
Citi Platinum Credit Card - 100k Bonus Points
Citi Platinum Credit Card - 100k Bonus Points

Interest rate

20.99

Annual fee

149

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2 Responses

  1. Default Gravatar
    EvanApril 14, 2015

    My wife and have HSBC MasterCards and premier cards. We want to rent a car in Europe this summer and would like to know what the car insurance covers while using our HSBC MasterCard. Are there any restrictions and do we have to decline the rental company’s collision insurance? How much are we covered for and there restrictions as to the number of days we are covered? If we rent for six weeks will we be covered? Thank you!

    • Staff
      JonathanApril 15, 2015Staff

      Hi Evan, thanks for your inquiry!

      Please refer to the details I have sent to your email outlining all the information to your questions.

      Cheers,

      Jonathan

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