Consumer Payment Card News


Starting this week, if you carry any US-issued VISA credit card you will benefit from automatic “Auto Rental Insurance.” The VISA “ARI” benefit, also known as “Collision Damage Waiver” coverage, was previously limited to “Gold” and “Platinum” VISA cards. The coverage will now be extended to 75 million users of VISA Classic credit cards. VISA estimates that cardholders who utilize the benefit will save on average, more than $10 per day, compared with paying for the same type of coverage provided by car rental agencies. The expanded program is part of the new changes to VISA USA’s “Consumer Credit Card Platform” which enables banks to offer a wider range of additional benefits of VISA cards. For more information visit: “”:

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