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Venture X Turo has introduced new card benefits that significantly expand earning opportunities for its users. This move is a game-changer for those who rely on Turo for their income.
With the new card benefits, users can earn more from their listings, including a higher earning potential per booking. This is a direct result of Turo's efforts to provide more value to its users.
Turo's goal is to make its platform more attractive to hosts and guests alike, and these new benefits are a step in the right direction. By offering more earning potential, Turo is positioning itself as a leader in the peer-to-peer car sharing market.
Worth a look: Visa Infinite Benefits Venture X
Capital One Cardholder Earning Rate Increase
Capital One Venture X cardholders can earn 10X miles and Venture cardholders can earn 5X miles when booking through the Turo app or on Turo.com.
This increased earning rate applies to select Capital One cardholders only, and it's a first-of-its-kind partnership between Turo and Capital One.
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Starting May 17, 2022, this enhanced rewards program will be available, and it will automatically enable eligible cardholders to earn more miles when booking through Turo with their Venture X or Venture card.
Turo is the world's leading peer-to-peer car sharing marketplace, allowing private car owners to rent out their vehicles in over 56 countries.
This partnership will give Capital One cardholders a unique opportunity to earn more miles on their car rentals through Turo, making it a great option for frequent travelers or those who love exploring new places.
Rental Insurance
If you're planning to rent out your Venture X on Turo, be aware that there is no insurance coverage provided by Turo. This is especially important to consider if you're renting out an expensive or exotic vehicle.
You should check with your personal car insurance company to see if you're covered for Turo rentals. If not, you may need to pay for Turo's insurance coverage to avoid any risk.
No credit card offers Turo insurance benefits, so you won't be missing out on any additional benefits by not having credit card insurance.
Additional reading: Capital One Venture X Trip Cancellation Insurance
Turo Partnerships
Turo has partnered with United to offer miles on rentals, allowing MileagePlus members to earn miles with Turo rentals.
If you're a frequent traveler, you can earn bonus miles with Turo rentals, making it a great option for those who want to earn rewards.
In 2019, Turo partnered with Southwest to offer bonus points on car rentals, but that partnership fizzled out.
You can also earn bonus miles with Budget and Avis rentals through United's partnership.
This means you have plenty of options to earn rewards when you rent a moving vehicle.
For more insights, see: Venture X Rewards News
Earning Miles
If you're a Venture X cardholder, you'll earn 10X miles when booking through Turo from May 17, 2022, to May 16, 2023.
To earn United miles with Turo, link your MileagePlus and Turo accounts.
Linking your accounts is the first step to earning miles on your Turo car rentals.
After linking your accounts, book a qualifying car rental through Turo and earn 5X miles per dollar on the rental.
The terms don't specify a cap on the miles you can earn from your first rental.
After your first rental, you can continue to earn 1X miles per dollar with Turo rentals, as long as your accounts remain linked.
Miles will be deposited into your MileagePlus account within 60 days of completing eligible rentals.
Check this out: Capital One Venture X Car Rental Benefits
Key Terms
To get the most out of your Venture X Turo partnership, it's essential to understand the key terms. Linking your United and Turo accounts is the first step to earning miles.
This partnership offers a great bonus for first-time Turo renters, earning 5X MileagePlus miles per dollar on the first Turo car rental. You'll also earn 1X MileagePlus miles per dollar on subsequent rentals.
To receive the bonus miles, make sure to do so within 60 days of your rental. All Turo car rentals worldwide are eligible for this offer, so you can explore new destinations.
Only one MileagePlus account per Turo account is allowed, so make sure you're using the correct account to earn your miles.
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Frequently Asked Questions
How much can you realistically make off Turo?
Realistically, Turo hosts can earn around $10,868 per year, based on average earnings from 2018-2024 vehicles worth $10,000 to $100,000. However, actual earnings may vary depending on location, vehicle type, and rental frequency
Who is Turo's biggest competitor?
Turo's biggest competitor is SnappCar, another well-established player in the car-sharing industry.
Does Amex cover Turo rentals?
Amex's premium car rental protection typically doesn't cover Turo rentals, but may apply to commercial rentals through Turo's commercial host program
Sources
- https://onemileatatime.com/guides/capital-one-venture-x-rental-car-coverage/
- https://upgradedpoints.com/news/chase-offer-turo/
- https://milestomemories.com/capital-one-insurance-on-turo-rentals/
- https://awardwallet.com/blog/earn-united-miles-with-turo-rentals-with-new-partnership/
- https://www.adexchanger.com/advertiser/car-sharing-company-turo-lets-data-driven-personalization-take-the-wheel/
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