topic Does using CC rental car insurance claim affect credit score? in Understanding FICO® Scoring

Does using CC rental car insurance claim affect credit score?

Anonymous — Thu, 04 Oct 2018 00:01:11 GMT

I got scammed by rental car company while traveling in Europe. I got charged 900 USD for a scratch to the underside of the front bumper that I didn't create. Apparently, I'm covered by CC, but does using CC rental car insurance claim affect credit score or somehow show up in CarFax?

Re: Does using CC rental car insurance claim affect credit score?

Revelate — Thu, 04 Oct 2018 04:11:58 GMT

@Anonymous wrote:
I got scammed by rental car company while traveling in Europe. I got charged 900 USD for a scratch to the underside of the front bumper that I didn't create. Apparently, I'm covered by CC, but does using CC rental car insurance claim affect credit score or somehow show up in CarFax?

No, other than the $900 showing up on your credit card bill and that perhaps being reported as a balance.

Carfax tracks cars, not drivers, nothing to worry about there.

Damage to the car that wasn't clearly caused by an accident likely doesn't get reported anywhere even in the US, let alone Europe.

Re: Does using CC rental car insurance claim affect credit score?

iv — Thu, 04 Oct 2018 05:04:37 GMT

@Revelate wrote:
Damage to the car that wasn't clearly caused by an accident likely doesn't get reported anywhere even in the US, let alone Europe.

Not on EQ/TU/EX, sure. But LexisNexis reports anything covered by an insurance claim, even non-accident damage under Comprehensive coverage.

Re: Does using CC rental car insurance claim affect credit score?

Anonymous — Thu, 04 Oct 2018 05:26:57 GMT

@Revelate
No, other than the $900 showing up on your credit card bill and that perhaps being reported as a balance. Carfax tracks cars, not drivers, nothing to worry about there. Damage to the car that wasn't clearly caused by an accident likely doesn't get reported anywhere even in the US, let alone Europe.

Thanks, that's reassuring.

Re: Does using CC rental car insurance claim affect credit score?

Anonymous — Thu, 04 Oct 2018 05:32:49 GMT

@iv wrote:
@Revelate wrote:
Damage to the car that wasn't clearly caused by an accident likely doesn't get reported anywhere even in the US, let alone Europe.
Not on EQ/TU/EX, sure. But LexisNexis reports anything covered by an insurance claim, even non-accident damage under Comprehensive coverage.

Thank you for the insight. So even though the claim was with a credit card company, auto, life, health insurers will have access to that info? The credit card company sells that info to LexisNexis?

Re: Does using CC rental car insurance claim affect credit score?

iv — Fri, 05 Oct 2018 05:36:27 GMT

@Anonymous wrote:
@iv wrote:
@Revelate wrote:
Damage to the car that wasn't clearly caused by an accident likely doesn't get reported anywhere even in the US, let alone Europe.
Not on EQ/TU/EX, sure. But LexisNexis reports anything covered by an insurance claim, even non-accident damage under Comprehensive coverage.
Thank you for the insight. So even though the claim was with a credit card company, auto, life, health insurers will have access to that info? The credit card company sells that info to LexisNexis?

Interesting question.

Likely depends on how the card benefit is structured - if it is "really" insurance, backed by an actual policy at some level... then it will probably get reported. If it's handled more like price protection/cashback, then it probably won't.

May depend on the issuer.

Even if it does appear on your LN report, since it's not a claim experience with your actual insurer, it won't have a big (or likely any) impact on your current rates. I wouldn't worry about it.

Re: Does using CC rental car insurance claim affect credit score?

Anonymous — Fri, 05 Oct 2018 22:12:17 GMT

@ivInteresting question.

Likely depends on how the card benefit is structured - if it is "really" insurance, backed by an actual policy at some level... then it will probably get reported. If it's handled more like price protection/cashback, then it probably won't.

May depend on the issuer.

Even if it does appear on your LN report, since it's not a claim experience with your actual insurer, it won't have a big (or likely any) impact on your current rates. I wouldn't worry about it.

Thanks again. I'll go for it.