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Silvercar has been expanding at a steady (but modest) clip, with New York City and now Las Vegas as recent outpost additions. But with giant competitors (some of which offer generous perks to elites), the rental agency has a lot of catching up to do. Of course, adding more vehicles and rental locations can be tremendously expensive, which explains why Silvercar has struggled to grow as quickly as competitors.

Well, as of today, that’s about to change. This morning, Silvercar shared the news that it has secured $28 million in funding, led by its vehicle partner Audi. The duo will also launch something called Audi Shared Fleet, which will enable corporations to provide on-campus transportation options to employees. An Audi executive will also join Silvercar’s board of directions, which should help fuel even more growth.

Silvercar will continue its expansion.
Silvercar will continue its expansion.

Silvercar is also available in Austin (AUS), Chicago (ORD), Dallas (DAL and DFW), Denver (DEN), Fort Lauderdale (FLL), Los Angeles (LAX), Miami (MIA), New York City, Phoenix (PHX) and San Francisco (SFO), and will soon launch in Las Vegas (LAS). Be sure to reserve your car with a credit card that offers primary rental car coverage, such as Chase Sapphire Preferred. You can earn a $25 credit on your first rental by entering referral code: BKELLY1.

Chase Sapphire Preferred Card

With great transfer partners like United and Hyatt, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
5.00%
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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