Rakuten Visa and Other Cards Remove Auto Rental Collision Damage Waiver and Extended Warranty
The Rakuten Visa Signature credit card is a good card to have in your wallet if you shop online often and especially if you use Rakuten as your shopping portal. It will give you an extra 3X in rewards for your purchases. But now there’s some bad news for cardholders. The card is losing some benefits. Here’s the email that was sent out.
Important Information About Your Account
Effective February 1, 2021, your Rakuten Visa Signature credit card will no longer provide:
- Auto Rental Collision Damage Waiver and Extended Warranty Protection
All other card benefits will remain in place. To receive a copy of your card benefits, please call the number on the back of your card to request a copy by mail. Stay tuned for new Visa benefits to be announced in early 2021.
These benefits are also being removed from several other Visa branded store cards.