Why would auto insurance company ask if I have a platinum credit card? Is having one a good or bad thing. I do

Why would auto insurance company ask if I have a platinum credit card? Is having one a good or bad thing. I do

I recently applied for an auto insurance quote through AAA insurance. During the questionaire, I was asked whether I have any platinum credit cards. I currently have a car insured through them, and I am concerned whether they could used quote questionair info against me on my current policy. I was trying to get a quote on a new car that I am considering.

WPSCAT

Most likely they are conducting market research for future sales products - possibly even the correlation between AAA towing plans sales and platinum card holders.Don't worry about this affecting your quote. If they want to know your credit, they will not waste their time asking you for it - they will simply get a credit rating on you from Experian or the other big 2 rating agencies.

Phil

That makes no sense. Credit scores are often used in rating, but your credit score has nothing to do with platinum cards. You can have terrible credit and still have a 'platinum' card.Maybe they were trying to cross market you. I'm not sure if they are involved in the credit card business (AAA dips in alot of strange business). Maybe they were looking for you to get a credit card with them.

novabankinghall

ya i also agree that they might want to cross sell u some other credit cards... especially the bank backed insurance company. gosh!

james

Credit cards are a bad idea. Pay cash for everything except maybe a house- that is how people become wealthy, if that's important to you. Always shop around. Amica may be ok, if you have a good driving record. Mercury is who I have because my history is ok but not the best. It can vary based on where you live.

GoodGyr

They are trying to find out how creditworthy you are. Most insurers use some sort of rating scale or risk scale for people based upon credit scores. People with lower scores will pay more for insurance because the companies seem to think that they pose more risk.Source(s):Insurance/investment professional

Ask

insurance

Popular Q&A

Online Traffic School Course to get Auto Insurance Discount in Maine?
Hello Smith,In Maine state the following course is offered online, find the details below:>>Maine Risk Awareness Course: This course is approved by the Maine Bureau of Highway Safety. Those who complete this traffic school/defensive driving course will receive a 3-point demerit credit on their...

Where can I get auto insurance to drive my uk registered car across the USA?
Yes that is where you would find a proper insurance broker. If you are already a member of a UK Auto Club I would inquire at one of their club offices. The AAA auto club in the US would be helpful.

I need to save money for college does anyone know good ways I can do this?
http://www.upromise.comSign up for free, and get friends and relatives to sign up too. Whenever you or any others who have signed up use their registered credit card or savings card with participating merchants, you earn money towards a college account or student loans.Source(s):Member

What is the cheapest way to rent a car in Florida?
Shop around, and consider flying into a different area of the state to get a better rate. You may also want to look at off airport rental locations and smaller companies.Some membership warehouse stores (BJs Costco, Sam's Club) offer discounted car rental rates to members. There are also some...

Where can I find the best auto insurance quotes online?
I’ve had the AARP Hartford’s comprehensive insurance for over 10 years now and I can safely say I’ve never had a problem with them. I’ve always found their rates to be reasonable (locked in for an entire year) and their service to be smooth and easy. I’d recommend you visit their website for...