Use your credit card for auto rental insurance
News from CBS Moneywatch:

(MoneyWatch) Did you know that your credit card likely provides auto insurance that covers rental cars? If you said no, you’re not alone. Many people don’t realize that it’s built into the benefits offered by Visa (V), American Express (AXP), Discover (DFS), and many MasterCard (MA) cards.

CardHub recently published its 2012 credit card auto rental insurance study, and the online report is check full of surprising and valuable information — especially if you are a frequent traveler and find yourself renting a lot of cars. Here are some of the most important details:

– One of the credit cards already in your wallet probably offers all the insurance coverage you need when you rent a car, which can save you $ 10-$ 20 per day.

– In order to be covered by any credit card rental car insurance policy, you have to charge the entire rental purchase on the card and decline the supplemental insurance plan offered by the rental car company. That’s critical. Getting…………… continues on CBS Moneywatch

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Related News:

Gauteng to tighten guidelines on official credit card use
News from Business Day:


Gauteng Premier Nomvula Mokonyane. Picture: BUSINESS DAY

MECs in the province have a monthly limit of up to R100000, but premier says guidelines on use of the cards will be made clearer

Published: 2012/07/24 04:33:10 PM

CREDIT cards issued to MECs in Gauteng can be used locally and internationally for official government business, Premier Nomvula Mokonyane said on Tuesday.

“We’ve taken reasonable steps to ensure the prudent use of the corporate credit cards by complying with the prescribed guidelines while being conscious of the fiscal challenges that our province faces,” she said.

Earlier this month, Gauteng local government and housing MEC Humphrey Mmemezi resigned after it emerged he had used his government credit card to make p…………… continues on Business Day

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