^ Eligibility and benefit levels vary by card. You must provide an original store receipt (or a printout of an online receipt). Pre-qualified offers are not binding. Many popular rewards credit cards come with generous welcome offers and useful benefits to attract consumers. When evaluating offers, please review the financial institutions Terms and Conditions. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. The coverage is limited up to $1,000 per occurrence, up to $50,000 per Card Member account per calendar year. Many Amex cards offer purchase protection but coverage limits vary. Go to the Amex extended warranty claims webpage to file online. If the item was stolen, you may need to show us a copy of the police report, or if the item was damaged, you may need to send it in to complete the claim so dont throw it out. The Platinum Card, Covered Eligible Purchases are items bought with your Eligible Card and are covered for the first 90 days after the day of purchase. However, only some credit cards offer purchase protection, and the benefits tend to vary across cards. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. For full Terms and Conditions, see www.americanexpress.com/PPterms. By Cristina Gibson | American ExpressCredit IntelFreelance Contributor. From porch pirates to Murphy's law, a lot can go awry between the time you buy an item and make use of that purchase. Often, you will get a response to your initial claim inquiry within 48 hours. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). AmEx purchase protection also doesn't cover losses when the item isn't "reasonably safeguarded" such as leaving it in an unlocked car or publicly unattended. Delta SkyMiles Reserve Business American Express Card. The rotating bonus categories offered by the Chase Freedom Flex make it an excellent choice for purchases that fit into bonus categories. Eligibility and Benefit level varies by Card. Purchase Protectioncan help protect Covered Purchases made with your Eligible Card against accidental damage, theft and sometimes provide lost coverage for certain Eligible Card products for up to 90 days from the Covered Purchase date. The other card networks often offer their own purchase protections as part of their network affiliation. It can help protect Covered Purchases made on your Eligible Card when theyre accidentally damaged, stolen, or lost, for up to 90 days from the Covered Purchase date. Consumable or perishable items such as perfume, light bulbs and batteries. Finally, some American Express cards offer purchase protection even when you lose a recently-purchased item. Maximum coverage per purchase protection claim: $10,000 per item ($500 per event related to a natural disaster). Terms and conditions will apply. In this case, you must purchase an item thats eligible for coverage and the loss cant be due to an excluded reason. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Posts: 13,805. Related: These are the cards TPG staff reach for in case of emergency. This purchase protection product covers damage and theft, but only up to $500 per claim and $50,000 per account. Coverage applies for 90 days after purchasing the item. Maximum coverage per purchase protection claim: $10,000. Products covered by an unconditional satisfaction guarantee. The purchase protection benefit offered by select credit cards covers eligible purchases against accidental damage or theft and for some cards, loss in the first few months after you use an eligible card to pay for the purchase. Delta SkyMiles Gold Business American Express Card. Coverage is limited to the amount charged to your card, up to $10,000 per item and $50,000 per card each calendar year.^. Enrollment required. Some issuers also refer to this benefit as purchase security. 3% cash back on groceries at U.S. supermarkets , U.S. gas stations and U.S. online retail purchases on up to $6,000 per calendar year in purchases for each category (then 1%), plus 1% cash back on other purchases. Any other documentation needed to substantiate your claim. The following are ineligible for coverage: Also excluded is loss or damage due to any of the following reasons: Additionally, the maximum protection related to a natural disaster is $500. Consumable or perishable items like food and batteries. This compensation comes from two main sources. * These cards include: Related: The 5 Amex cards were keeping in our wallets and why. Underwritten by AMEX Assurance Company. |F\ba9F ~Zh1m$5(9=H$3wxMd/L}hLXI=eO*"Z:#x&OpDZH~}7~H{h9uqGM_)J'p3TFE3H8Z;t It seemed like a good idea at the time, but once I received it and had a chance to install it, I realized that it scared my daughter and seemed too dangerous to me as well. Who should (and shouldnt) get the Capital One Venture X card? read full answer It can help protect Covered Purchases made on your Eligible Card when theyre accidentally damaged, stolen, or lost, for up to 90 days from the Covered Purchase date. However, this card is so packed with benefits that this coverage doesn't make the card's highlights on the AmEx website. First, you have to have the right card. Fortunately, in many places, you dont need to go down to the local police precinct as many cities have an online portal to submit reports for incidents like theft, lost property or damage to property. Visit americanexpress.com/benefitsguide for details. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Terms, Conditions and Limitations Apply. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Chase, for example, offers purchase protection for up to 120 days on the Chase Freedom Unlimited, Chase Freedom Flex* and Chase Sapphire Preferred Card and Chase Sapphire Reserve. Heres what you need to know about foreign transaction fees what they are and how to avoid them. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners and here's how we make money. From bedroom furniture to clothing and cellular phones to handbags, purchase protection can be a worthwhile benefitparticularly for high-priced items. All information about Amex EveryDay Credit Card has been collected independently by NerdWallet . My next chance to use these benefits came when a computer part failed about a year and a half after purchase and had a warranty of just one year. Best card for premium perks while traveling, Capital One Venture X Rewards Credit Card, The Business Platinum Card from American Express, Disney Cruise Lines Castaway Club loyalty program: Everything you need to know, 21 new Hyatt hotels where you can get 500 extra points per night, My first cruise to the Galapagos: The good, the bad and the absolutely adorable. When evaluating offers, please review the financial institutions Terms and Conditions. The ideal credit card to aim for is one that will both maximize your earning on the purchase and give you protection against theft and damage. Your next step should be to check the cards benefits guide to determine if your item and its form of damage or loss are eligible. 10 points per dollar on Chase Dining, hotels and car rentals when you purchase through Chase Ultimate Rewards; 5 points per dollar on flights when you purchase through Chase Ultimate Rewards; 3 points per dollar on other travel and dining; 1 point per dollar on other purchases. The extended warranty does not cover the following items: Also, coverage does not apply to damage from natural disasters, alterations or modifications, power surges, war or acts of war or any item under a product recall. Policies are underwritten by AMEX Assurance Company. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). All Credit Intelcontent is written by freelance authors and commissioned and paid for by American Express. Keep in mind that if you have a primary insurance policy covering the item, you must file a claim there before approaching your credit card issuer to use purchase protection. Books, magazines or periodicals of any kind. Improve earnings, maximize rewards and track progress toward dream trips. Damage through altercation or modifications. In contrast, several premium American Express Cards provide coverage of up to $10,000 per incident, up to $50,000 per card member account per calendar year. Does the Gold card have purchase protection? diamondsaremadeunder 3 yr. ago. This coverage is complimentary on most AmEx cards including some debit,. Coverage on the SPG card remains at $1,250 for carry-on baggage and $500 for checked baggage. Related: Your complete guide to shopping protections on American Express cards. ;*KLjmNT By taking advantage of the valuable shopping protection policies offered by most American Express cards, you can save hundreds (or even thousands) of dollars when a purchase doesnt work out the way you hoped. Authorized users are also covered, as . Find the right card for you. I definitely lean toward my Amex card when I buy a television, computer or a major appliance that can be costly to repair even if it means sacrificing bonus points. If you try to return an eligible item within 90 days from the date of purchase and the merchant won't take it back, American Express may refund the full purchase price excluding shipping and handling, up to $300 per item, up to a maximum of $1,000 per calendar year per Card account, if you purchased it entirely with your eligible American Express Card. Here are our picks for the. Terms, Conditions and Limitations Apply. %%EOF You should also know that purchase protection does not cover damage to items when shipped by a third party and under their temporary care, including a common carrier. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. When evaluating offers, please review the financial institutions Terms and Conditions. Plus, your own feed of TPG content. Hilton Honors American Express Aspire Card is no longer available through NerdWallet. All policies have a maximum limit of $50,000 in claims per calendar year. is a location independent digital nomad who has traveled full time since June 2017. War, acts of war or service in the military. In addition to stolen and damaged items, AmEx purchase protection also covers items lost within the coverage period. A variable APR of 19.49%28.24% applies thereafter. New comments cannot be posted and votes cannot be cast. Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. However, these cards didnt make the list because at least one card discussed above featured similar or better purchase protection with either a lower annual fee or better earning rate on categories where youd most likely need purchase protection. If You have any questions about a specific item, please call us at 1-800-228-6855, if international, collect at 1-303-273-6498. You can convert your Chase Freedom Flex earnings to Chase Ultimate Rewards points if you have an eligible card that earns Chase Ultimate Rewards points, such as the Chase Sapphire Reserve or Chase Sapphire Preferred Card. So for example, if someone were to break into your car and steal your laptop, youd be covered under purchase protection, as long as you purchased it with your American Express card. Terms apply. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Most Cards allow up to $1,000 per incident, with a limit of $50,000 per year. Terms, Conditions and Limitations Apply. To be eligible, all you have to do is charge a portion of your qualifying purchase to your American Express card but you'll only be reimbursed up to the amount charged to your card. Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. The American Express Platinum card purchase protection insures items bought with this card for up to $10,000 per incident and $50,000 per account per year. The card has an annual fee of $0, yet comes with a pumped-up earnings structure that covers a wide swath of expenses including travel, drugstores and dining plus rotating quarterly bonus categories in areas many households are likely to find appealing. You will likely need to produce a police report for purchase protection claims against item theft, so having this on hand can speed up the time it takes to submit and process your claim. has been collected independently by NerdWallet. American Express purchase protection works by covering the damage or theft of eligible purchases for up to 90 days after the purchase date. Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. Related: The best credit cards with price protection. Purchase Protection can help protect Covered Purchases made with your Eligible Card against accidental damage, theft and sometimes provide lost coverage for certain Eligible Card products for up to 90 days from the Covered Purchase date. When we think of travel rewards card benefits, we tend to think of lounge access, free checked bags and companion tickets, but dont stop there. As always, check your credit cards guide to benefits to see which benefits apply to you. However, this card is so packed with benefits that this coverage doesn't make the card's highlights on the AmEx website. Delta SkyMiles Blue American Express Card. Commissions do not affect our editors' opinions or evaluations. Covered Eligible Purchases are items bought with your Eligible Card and are covered for the first 90 days after the day of purchase. Please visit americanexpress.com/benefitsguide for more details. The material made available for you on this website, Credit Intel, is for informational purposes only and is not intended to provide legal, tax or financial advice. This benefit covers eligible items purchased with an eligible American Express card against damage or theft. If you have an item that was damaged or stolen shortly after you purchased it, it can be worth checking the guide to benefits of the card you used to purchase that item to see if a form of purchase protection applies. Here are some tips to help you navigate this growing trend. The American Express Platinum card purchase protection insures items bought with this card for up to $10,000 per incident and $50,000 per account per year. Once youve submitted the necessary supporting documents, American Express will send you an email confirmation stating your documents were received. This information may be different than what you see when you visit a financial institution, service provider or specific products site. So you finally splurged for an Apple Watch and broke it a week later. Ben Luthi is a former credit card specialist for NerdWallet. Benefits are providedfor Replacement Cost up to the lesser of the Eligible Payment or the per item and calendar year maximums as described below. However, not all purchases and losses are covered by AmEx purchase protection. Most Cards allow up to $1,000 per incident, with a limit of $50,000 per year. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. Once American Express has all the information needed to process your claim, theyll notify you via email once a decision has been made. But can you use your credit card to do so? 961 0 obj <> endobj Here is a list of our partners and here's how we make money. Juan's passion is helping readers navigate through the complex world of frequent flier miles, credit card rewards points and award travel. Can You Get a Credit Card Without a Social Security Number? Delta SkyMiles Gold American Express Card. Purchase Protection is underwritten by AMEX Assurance Company. However, this does not influence our evaluations. Terms, conditions and limitations apply. All financial products, shopping products and services are presented without warranty. Blue Cash Everyday Card from American Express. Terms apply. You can view the full extended warranty policy for each card. So, you can't claim purchase protection if your baseball bat or hockey stick breaks. Coverage under the Purchase Protection Program, which covers items broken, stolen, or lost (lost coverage on the Platinum and Centurion cards only) within 90 days of purchase, is up to $10,000 per occurrence on the Platinum card vs. $1,000 on the SPG card. Related: How an often-overlooked credit card benefit put $1,400 back in my wallet. There are credit cards offering purchase protection that aren't included in this list. There are a multitude of purchases that are excluded from purchase protection. For example Mastercard offers Purchase Assurance to many Mastercard holders. %PDF-1.6 % Related: Amex credit card showdown: Blue Cash Preferred vs. Blue Cash Everyday. Terms apply. You may need to submit a police report for stolen items and a repair estimate or photos for damaged items during the claim process. You want a travel credit card that prioritizes whats important to you. Plus, AmEx can change the coverage at any time. Please read important exclusions and restrictions. Can You Buy Gift Cards with a Credit Card? There is a maximum coverage amount of $10,000 per item and $50,000 per calendar year.*. Big spenders should note that the purchase protection on. Press question mark to learn the rest of the keyboard shortcuts. Items that are rented, leased or borrowed. In contrast, more than a dozen personal American Express cards include loss as a qualified purchase protection reason in their benefits. How do I find and add Amex Offers to my Card? Its smart technology that helps us make sure its really you when shopping online. Your financial situation is unique and the products and services we review may not be right for your circumstances. However, this does not influence our evaluations. It's been a fan favorite during the pandemic because of its fantastic rewards rate on restaurants (that includes takeout and delivery in the U.S.!) You'll notice that nearly all AMEX cards offer this benefit, so chances are you're already covered. Keep track of all the required documentation, such as the original store receipt or a printout of an online receipt. this adds to already-existing purchase protection and extended warranty . However, certain premium cards cover your purchases for up to $10,000 per incident, with the same limit of up to $50,000 in total claims per calendar year.*. Explore our Cards Terms and Conditions its said 10 business but its already past. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. It's important to understand that if you simply lose an item, as opposed to it being stolen, it might not be covered. , other credit card benefits you might be eligible for. Cellphone protection is available for up to $800 per claim and up to $1,000 per year for phones listed on a monthly cellphone billed paid with the Freedom Flex card. Platinum. Purchase protection can reimburse you for the cost of repairing or replacing the item you purchased, assuming you paid for it with a card that provides purchase protection. *, 4 points per dollar at restaurants and at U.S. supermarkets (on up to $25,000 per calendar year, then 1 per dollar); 3 points per dollar on flights booked directly with the airline or purchased through. For example, The Platinum Card from American Express and other cards offer purchase protection, which can reimburse you if a covered item is stolen or damaged within a specified window of time . Here, you'll need to provide a copy of the purchase receipt and proof of loss. Check your benefits guide for complete details. Some premium American Express Cards also include coverage for lost items and provide coverage of up to $10,000 per incident and $50,000 per year. All financial products, shopping products and services are presented without warranty. to see if your incident is covered. Balance transfer fee applies, see pricing and terms for more details. Other American Express business cards offer the standard $1,000. Purchase Protection If your eligible item* is either stolen or accidentally damaged up to 90 days after you've bought it, we'll reimburse you up to 2,500. If there is a chance that an item might get broken or stolen, make sure that it is charged to your eligible American Express card. Official application link: American Express Gold Card. Remember you need to provide a copy of the purchase receipt and file a Notice of Claim within 30 days of the loss or damage. $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year. If successful, you will get a follow-up email letting you know the details of the outcome and instructions on how to replace, repair or get reimbursement for the lost or damaged item. This site does not include all credit card companies or all available credit card offers. The American Express Platinum cards are eligible for American Express Purchase Protection. All rights reserved, If you try to return an eligible item within 90 days from the date of purchase and the merchant won't take it back, American Express may refund the full purchase price excluding shipping and handling, up to $300 per item, up to a maximum of $1,000 per calendar year per Card account, if you purchased it entirely with your eligible American Express Card. Amex will reimburse you up to a maximum of $1,000 per card member account per calendar year based on the date of purchase. You can do so online or by calling Amex at 1-800-322-1277. If filing a damaged or stolen item claim, you may be asked to demonstrate a photograph showing the damage to your item. Welcome bonus: Earn $200 cash back after spending $500 on purchases in your first three months of account opening. Other shopping protections: Extended warranty protection adds an additional year to eligible manufacturers warranties of three years or less while return protection covers returns within 90 days of purchase. 5% cash back on up to $1,500 in categories that rotate quarterly (requires activation), 5% on travel purchased through Chase Ultimate Rewards, 3% on dining and drugstores and 1% on all other purchases. American Express makes it easy - you can file your claim online or by giving us a call at 1-800-322-1277; if international, call collect at 1-303-273-6498. Our opinions are our own. If you have questions, please consult your own professional legal, tax and financial advisors. Visit americanexpress.com/benefitsguide for details. When you purchase an item with a manufacturer's warranty, this benefit can add an extra year to the warranty. Delta SkyMiles Reserve American Express Card, Hilton Honors Aspire Card from American Express, benefits for all American Express cards on Amexs website, guide to shopping protections on American Express cards. An increasing number of brick-and-mortar retailers (from The Home Depot to the Apple Store) will now email you a receipt from the register. Several credit cards may even provide protection if you lose a recently-purchased item. You must file a claim within 90 days of your original purchase through this link or by calling 800-228-6855. Underwritten by AMEX Assurance Company. Maximum coverage per account for purchase protection: $50,000. As stated, Notice of Claim should be provided to Amex within 30 days of the incident. And be aware of excluded purchases, too. Personal hygiene items or any devices (medical or nonmedical) that have been personally used and could be considered a health risk to others. This benefit offers cardholders compensation when a store will not accept an eligible item for return within 90 days of purchase. While extended warranty coverage offers more comprehensive damage protection, purchase protection gives you more protection in case of theft. Earn 4X Membership Rewards Points at Restaurants, plus takeout and delivery in the U.S. Editorial disclaimer: Opinions expressed here are the authors alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Worry less. About the author: Ben Luthi is a former credit card specialist for NerdWallet. Fortunately, several American Express credit cards are equipped with the handy purchase protection perk. 3 points per dollar on travel, shipping, internet services, cable services, phone services and advertising with social media sites/search engines (on the first $150,000 in combined purchases each account anniversary year, then 1 point per dollar); 1 point per dollar on other purchases. Motorized vehicles, their parts and accessories as well as those parts and accessories intended for use with the motorized vehicles. Some may have trouble using Uber/food credits. Failing that, I also can search my order history at Amazon, eBay and other online retailers I use. Items voluntarily or involuntarily discarded. 0% intro APR for 15 months from account opening on purchases and balance transfers. 5% cash back on up to $1,500 in combined purchases in rotating bonus categories each quarter (requires activation) and on travel booked through the. These cards, each chosen with a particular type of consumer or purchase in mind, are discussed below. More information can be found here. And extended warranty protection offers one full year of coverage at $10,000 per item and up to $ . Return protection differs from AmEx's purchase protection, which covers you if a purchase is lost or stolen within 90 days. Additionally, purchase protection benefits are not payable on eligible items if the damage is caused by riots, acts of war or service in the military, normal wear and tear or damage through alteration. Coverage can vary based on your state of residence, though, and bonus categories sometimes have caps. Your complete guide to shopping protections on American Express cards, Delta SkyMiles Reserve American Express Card, Delta SkyMiles Reserve Business American Express Card, Marriott Bonvoy Brilliant American Express Card, Hilton Honors Aspire Card from American Express, The Business Platinum Card from American Express, Hilton Honors American Express Aspire Card, Blue Cash Preferred Card from American Express, The Blue Business Plus Credit Card from American Express, Best credit cards for extended warranties, The best credit cards with price protection, Do Not Sell or Share My Personal Information. Here's a look at how purchase protection programs work. Underwritten by AMEX Assurance Company. So how do we make money? Purchase protection can save your skin and protect the items you've purchased if a recently-bought item is damaged or stolen.
