However, you may want to use a card with price protection or a card that extends warranties by two years instead of just one year for some purchases. Note that card coverage is sometimes secondary to any homeowners insurance and auto insurance policies, so you may need to prove that youve already submitted claims with other insurance providers. Quote: Originally Posted by JeffD. Many other issuers offer some form of damage against loss or theft for eligible items purchased with the card. I confess that I dont save a copy of the register receipt from every purchase I make Im just not that organized. You want a travel credit card that prioritizes whats important to you. All Credit Intelcontent is written by freelance authors and commissioned and paid for by American Express. As with any insurance or coverage product, AmEx purchase protection comes with limitations and exclusions. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. How do I find and add Amex Offers to my Card? All financial products, shopping products and services are presented without warranty. I want to file a purchase protect claim with Amex, but everything I see says the 90 days runs from the date of purchase, not the date of delivery. You will be asked certain questions about your claim at that time. 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. Our opinions are our own. Shop safe withSafeKey. Credit cards vary in the amount and duration of coverage provided, so make sure to read the terms and conditions. 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. Improve earnings, maximize rewards and track progress toward dream trips. Heres what you need to know about foreign transaction fees what they are and how to avoid them. Explore our Cards Terms and Conditions Services and additional costs, such as installation charges, warranties, shipping, handling and memberships. 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. The coverage is limited up to $1,000 per occurrence, up to $50,000 per Card Member account per calendar year. 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.*. This benefit covers eligible items purchased with an eligible American Express card against damage or theft. As with any insurance policy, the devil is always in the details. to see if your incident is covered. You will be asked certain questions about your claim at that time. *, Maximum coverage per account for purchase protection: $50,000 per card per calendar year.*. Sometimes called damage protection, purchase protection ensures goods against theft or accidental damage for a limited time. Select "purchase protection" on the next page and continue the process. Related: Why I switched from the Chase Freedom to the Chase Freedom Flex. Related: Best credit cards with purchase protection. Cards with this higher level of coverage include: The information for the Centurion, Business Centurion and Hilton Aspire cards has been collected independently by The Points Guy. Remember that only purchases made with your eligible American Express card and only the amount charged to your card are eligible for purchase protection. Also, note that some losses are excluded such as if you left the item in an unlocked car. 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. There's a lot to love about the Amex Gold card. We'll run a soft credit check to find special offers, but it wont affect your credit score. Here is a list of our partners and here's how we make money. update? There are credit cards offering purchase protection that aren't included in this list. So you finally splurged for an Apple Watch and broke it a week later. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Many Amex cards offer purchase protection but coverage limits vary. Since youll earn at least 2 Capital One miles per dollar spent on all purchases and also get extended warranty protection and return protection, this card is an excellent choice for shopping. From bedroom furniture to clothing and cellular phones to handbags, purchase protection can be a worthwhile benefitparticularly for high-priced items. Consumable or perishable items like food and batteries. Anything purchased for resale or commercial use. Forbes Advisor created additional star ratings so that you can see the best card for specific needs. Many popular rewards credit cards come with generous welcome offers and useful benefits to attract consumers. This is important because many cardholders believe American Express has the least painful claim process of any issuer. 11. ghedoicy. Additional reporting by Stella Shon, Carissa Rawson, Christina Ly and Ryan Smith. Related: How an often-overlooked credit card benefit put $1,400 back in my wallet. diamondsaremadeunder 3 yr. ago. However, this card is so packed with benefits that this coverage doesn't make the card's highlights on the AmEx website. Underwritten by AMEX Assurance Company. This post contains references to products from one or more of our advertisers. Extended Warranty benefits extend your manufacturers warranty coverage, often by as much as a year. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Welcome bonus: Earn 60,000 Membership Rewards points after spending $4,000 on purchases on your new card in your first six months of card membership. Coverage Limits Apply. All you need to do to get this coverage is to use your eligible AmEx card to make a covered purchase of a tangible item. How an often-overlooked credit card benefit put $1,400 back in my wallet, Blue Cash Everyday Card from American Express, monthly spending credits with restaurants, Everything you need to know about Amex purchase protection, Blue Cash Everyday Card from American Express, Amex credit card showdown: Blue Cash Preferred vs. Blue Cash Everyday, an eligible card that earns Chase Ultimate Rewards points, Why I switched from the Chase Freedom to the Chase Freedom Flex. In short, covered purchases are covered for up to 90 days from the date of purchase for up to $10,000 per covered purchase and up to $50,000 per eligible card per calendar year. The extended warranty period is an additional year and is limited to covering the actual purchase amount paid for with your card. Big spenders should note that the purchase protection on. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. 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 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. Business Green Rewards Card from American Express is no longer available through NerdWallet. is a location independent digital nomad who has traveled full time since June 2017. Earn 4X Membership Rewards Points at Restaurants, plus takeout and delivery in the U.S. There are a multitude of purchases that are excluded from purchase protection. For a complete description of the policies of your American Express card, select your card on this page. Help protect your eligible Many or all of the products featured here are from our partners who compensate us. Terms, conditions and limitations apply. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. You might be using an unsupported or outdated browser. We may receive compensation when you click on links to those products. For full Terms and Conditions, see www.americanexpress.com/PPterms. Often, you will get a response to your initial claim inquiry within 48 hours. This card shines for this use, but overall the star ratings may differ when compared to other cards. Keep track of all the required documentation, such as the original store receipt or a printout of an online receipt. 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. He covers credit cards, loyalty programs and family travel. 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. All rights reserved, How American Express Purchase Protection Works, Purchase Protection can cover the cost of lifes uh-oh moments, so you can be more confident when buying with your Eligible Card. ^Eligibility and benefit levels vary by card. Are you sure you want to rest your choices? Other business cards only offer coverage for damaged or stolen items on purchase protection claims. 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'll notice that nearly all AMEX cards offer this benefit, so chances are you're already covered. Earn 4X Membership Rewards Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). FlyerTalk Evangelist. Also, if it was gone 30 minutes later, it was stolen. Unfortunately, if you're affected by a natural disaster, AmEx purchase protection only covers a maximum of $500 in claims per event. How To Find The Cheapest Travel Insurance. Join Date: Aug 2009. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Terms apply. Earning rates: 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year (then 1% back); 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year (then 1% back); 1% cash back on all other purchases. When you purchase an item with a manufacturer's warranty, this benefit can add an extra year to the warranty. Shopping online for a car is an accelerating trend changing the purchase process from start to finish. Youre out of luck, right? After working as a tax accountant for a decade, JT turned his analytical skills to points, miles and credit cards. Here are some tips to help you navigate this growing trend. You may even be asked to send in a damaged item or a picture for proof of loss, so be sure to keep all of these until the claim is resolved. Indirect or direct damage to an item or property resulting from a covered event. The Amex EveryDay Preferred Credit Card from American Express. You may need to submit a police report for stolen items and a repair estimate or photos for damaged items during the claim process. Terms apply to the offers listed on this page. it back, American Express may refund the full pur chase price, up to $300 per item, excluding shipping and handling charges related to the item purchased, and up to a maximum of $1,000 per Card Member account per calendar year based on the date of purchase, not during the year the claim was filed. Earn 4X Membership Rewards points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). Press J to jump to the feed. Provided you purchased them less than 90 days ago you should be covered. The card details on this page have not been reviewed or provided by the card issuer. Purchases must be made in the U.S. or its territories1. Our partners cannot pay us to guarantee favorable reviews of their products or services. Several credit cards may even provide protection if you lose a recently-purchased item. Earning rates: 4 points per dollar spent at restaurants and on the first $25,000 spent at U.S. supermarkets each calendar year (then 1 per dollar); 3 points per dollar spent on flights booked directly with airlines or on Amex Travel; 1 point per dollar spent on other purchases. 5 points per dollar on flights booked directly with airlines or Amex Travel (up to $500,000 on these purchases per calendar year, then 1 point per dollar); 5 points per dollar on prepaid hotels booked through Amex Travel; 1 point per dollar on other purchases.

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