*Excess of 50 applies. 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. You want a travel credit card that prioritizes whats important to you. For an explanation of our Advertising Policy, visit. For return protection, you have to file a claim within 90 days of your original purchase.. Read more. Our partners cannot pay us to guarantee favorable reviews of their products or services. Finally, its not that hard to snap a photo of a receipt and retain it in your smartphones cloud storage archive for many years. Terms, Conditions and Limitations Apply. But can you use your credit card to do so? OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, Purchase Protection: Which Credit Cards Cover Your Belongings. All consumer American Express cards offer purchase protection for eligible purchases. Here is a list of our partners. Check here before booking an award fare. Here are the full conditions for the purchase protection: Download (PDF, 815KB) The item covered under this claim was very cheap, $42.27 for the swimwear but as long as it's covered there is no reason not to file a claim for this 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. Terms apply to the offers listed on this page. Earning rates: 3% cash back 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%) and 1% cash back on other purchases. Please review. 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. AmEx purchase protection generally covers theft, loss and damage to eligible items within 90 days of purchase. Visit americanexpress.com/benefitsguide for details. Call the number on the back of your card if you have any questions regarding eligibility, the documentation needed or the process required to file a claim. To take advantage of this benefit, first review your card's benefit statement to see whether you are eligible for reimbursement if a purchase is damaged, stolen or lost. 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. 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. So you finally splurged for an Apple Watch and broke it a week later. Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. Instead, check the benefits guide to see the card's purchase protection coverage. If you purchase a high-end $2,500 laptop, you should charge it to your premium card with a $10,000 per incident limit rather than a card with a $1,000 per incident coverage limit. Maximum coverage per account for purchase protection: $50,000. Indirect or direct damage to an item or property resulting from a covered event. You can also mail them at: Purchase Protection Claims Unit, PO Box 981553 El Paso TX 79998- 9920. Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. 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. You will need to provide American Express with the original store receipt or a printout of an online receipt. Its smart technology that helps us make sure its really you when shopping online. Submitted a claim and it was approved the next day. Earn 80,000 Membership Rewards points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. 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. Delta SkyMiles Platinum Business American Express Card. Plus, not all damage and losses are covered. Claims can be made online or by giving American Express a call at 1-800-322-1277. Since I was outside of the stores 30-day return policy but still within 90 days of purchase, I filed a return protection claim online with Amex. Delta SkyMiles Blue American Express Card. Click "file a claim" and select the card for which you're filing a claim, enter your date of purchase and click "continue.". Purchases must be made in the U.S. or its territories1. Coverage on the SPG card remains at $1,250 for carry-on baggage and $500 for checked baggage. Here is a list of our partners and here's how we make money. ;*KLjmNT You need to typically provide documentation (receipts) and sometimes proof such as a police report. 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. Although this guide focuses on purchase protection, you should also consider benefits like return protection, price protection and extended warranty. Policies are underwritten by AMEX Assurance Company. Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. Welcome bonus: Earn $900 cash back after you spend $6,000 on purchases in the first three months of account opening. In-built purchase protection is a valuable benefit that comes with some credit cards. Check the details of your card's coverage to see if your incident is covered. Here's a look at how purchase protection programs work. diamondsaremadeunder 3 yr. ago. For full Terms and Conditions, see www.americanexpress.com/PPterms. 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. Can You Get a Credit Card Without a Social Security Number? Check the. Amex's extended warranty perk applies to warranties of five years or less. Sign up and well send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). 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. Plus, AmEx can change the coverage at any time. However, this does not influence our evaluations. Several credit cards offer purchase protection, which acts as insurance against an item being stolen or damaged for a certain period of time after you buy it. Underwritten by AMEX Assurance Company. New comments cannot be posted and votes cannot be cast. To view rates and fees of the American Express Gold Card, see this page. has been a Senior Points and Miles Contributor for TPG since 2012. For a complete description of the policies of your American Express card, select your card on this page. Let's look at how Amex purchase protection works, which AmEx cards feature it and the limitations and exclusions of this coverage. AmEx purchase protection is complimentary coverage provided on most AmEx cards that covers theft, loss and damage to eligible items within the first 90 days of purchase. Personal cards with purchase protections from AmEx include: The Platinum Card from American Express. Pre-qualified offers are not binding. 0 Please visit americanexpress.com/benefitsguide for more details. American Express also has a range of versatile credit cards with competitive interest rates and benefits such as travel insurance, cashback, extended warranty and more! To start the process, log into your AmEx account and go to the claims center page. Maximum coverage per purchase protection claim: $10,000. Plus, AmEx can change the coverage at any time. Her focus at TPG is points, miles, loyalty and credit cards. Shop more. I confess that I dont save a copy of the register receipt from every purchase I make Im just not that organized. 4. All Credit Intelcontent is written by freelance authors and commissioned and paid for by American Express. 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. Reply FitYNABer Additional comment actions AMEX Purchase Protection is AWESOME! Coverage can vary based on your state of residence, though, and bonus categories sometimes have caps. Simply losing or misplacing the purchase (although the policies for the Delta Reserve, Delta Reserve Business, Hilton Aspire and all consumer versions of the Amex Platinum Card do cover lost or misplaced items). Platinum. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. 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. 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.*. He published over 2,000 articles on The Points Guy before becoming a freelance writer. The warranty wont cover the damage, and you didnt think youd need AppleCare. Be ready to provide an itemized online receipt or original store receipt of the item as you will need it to receive claim consideration. Are you sure you want to rest your choices? The card details on this page have not been reviewed or provided by the card issuer. Here are our picks for the best travel credit cards of 2023, including those best for: Flexibility, point transfers and a large bonus: Chase Sapphire Preferred Card, No annual fee: Bank of America Travel Rewards credit card, Flat-rate travel rewards: Capital One Venture Rewards Credit Card, Bonus travel rewards and high-end perks: Chase Sapphire Reserve, Luxury perks: The Platinum Card from American Express, Business travelers: Ink Business Preferred Credit Card, About the author: JT Genter is a freelance points, miles and credit card writer formerly of The Points Guy. In other words, if your item gets damaged when being shipped by FedEx, UPS or similar, it may not be covered under Amexs Purchase Protection (it may however be eligible for some reimbursement by filing a claim through the third-party carrier). Do not sell or share my personal information. Delta SkyMiles Platinum American Express Card. Earn 60,000 Membership Rewards points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership. The material made available for you on this website, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. Delta SkyMiles Gold Business American Express Card. We'll run a soft credit check to find special offers, but it wont affect your credit score. Consumable or perishable items like food and batteries. American Express processes claims more quickly than some other issuers. Please read important exclusions and restrictions. Sometimes called damage protection, purchase protection ensures goods against theft or accidental damage for a limited time. The Capital One Venture X Rewards Credit Card is an excellent everyday spending card. You can do so online or by calling Amex at 1-800-322-1277. 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. So the key limitations are that the return attempt must be made within 90 days of purchase and that you can reimbursed up to a maximum of $300. 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. Pre-qualified offers are not binding. When evaluating offers, please review the financial institutions Terms and Conditions. The first claim was for a childs bicycle seat that was supposed to mount on my bikes handlebars. Like insurance, purchase protection is one of those things that you hope you never have to use. Although they didnt make the top five, the following cards offer purchase protection with a limit of $10,000 per incident/claim and a limit of $50,000 per year per account (although Amex cards have a limit of $500 per event for natural disasters*). *Eligibility and benefit levels vary by card. All American Express cards with extended warranty benefits provide the same amount of coverage. Heres what you need to know about foreign transaction fees what they are and how to avoid them. Please visit americanexpress.com/benefitsguide for more details. However, this does not influence our evaluations. when you need coverage is essential. Earn 3X Membership Rewards points on flights booked directly with airlines or on amextravel.com. 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. If your item was stolen, you may need to show American Express a copy of the police report. This purchase protection product covers damage and theft, but only up to $500 per claim and $50,000 per account. As with any insurance policy, the devil is always in the details. 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. TPGs March 2023 monthly valuations, Cruise giant Carnival goes Texas-size big with new sailings from Galveston. Welcome bonus: Earn $200 cash back after spending $500 on purchases in your first three months of account opening. Additional reporting by Stella Shon, Carissa Rawson, Christina Ly and Ryan Smith. Youre out of luck, right? Battle of the premium travel rewards cards which is best for you? How do I Earn Membership Rewards Points? I started a claim on Feb 11 and Uploaded the Claim Form and Store receipt on Feb 13. Let's take a look at the current coverage on, holders are covered for up to 90 days from the date of a covered purchase of an eligible item. Ben is a former credit card specialist for NerdWallet who wrote card reviews and comparisons and covered credit-related issues affecting consumers. 14 points per dollar at eligible Hilton properties; 7 points per dollar on flights booked directly with airlines or through Amex Travel; 7 points per dollar on car rentals booked directly from select car rental companies and at U.S. restaurants; 3 points per dollar on other purchases. Beyond that, I think its prudent to factor these protections into your decision of which card to use whenever you make a large purchase. 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. |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. Forbes Advisor created additional star ratings so that you can see the best card for specific needs. Purchase protection benefits offered by credit cards often differ in three main aspects: Related: Purchase protection saved us $1,700 a reader success story. Most Cards allow up to $1,000 per incident, with a limit of $50,000 per year. This site does not include all credit card companies or all available credit card offers. 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. These cards, each chosen with a particular type of consumer or purchase in mind, are discussed below. Please try again later. You will be asked certain questions about your claim at that time. Delta SkyMiles Reserve Business American Express Card. Your financial situation is unique and the products and services we review may not be right for your circumstances. Buyer's Assurance Protection Plan extends the original equipment manufacturer's basic warranty, the plan will not extend any additional coverage purchased from the manufacturer, retailer or any other source. This coverage is complimentary on most AmEx cards including some debit, prepaid and reloadable AmEx cards. Here is a list of our partners and here's how we make money. About the author: Ben Luthi is a former credit card specialist for NerdWallet. Our points-obsessed staff uses a plethora of credit cards on a daily basis. Recently bought a Pacsafe bag that basically fell apart on the first trip out. 2 points per dollar on flights booked directly with United, dining and hotel stays when booked directly with the hotel; 1 point per dollar on other purchases. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. FlyerTalk Evangelist. Coverage limits apply. The card details on this page have not been reviewed or provided by the card issuer. 10 mile per dollar on hotels and rental cars booked through Capital One Travel; 5 miles per dollar on flights booked through Capital One Travel; 2 miles per dollar on all other purchases. , Gold Card, and Ameriprise Gold Card Members Purchase Protection can also help protect your purchases for up to 120 days* from the date of purchase if the item is stolen, accidentally damaged or lost. Check your benefits guide for complete details. 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. Terms, Conditions and Limitations Apply. If you have questions, please consult your own professional legal, tax and financial advisors. Related: How an often-overlooked credit card benefit put $1,400 back in my wallet. Motorized vehicles, their parts and accessories as well as those parts and accessories intended for use with the motorized vehicles. $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Not if you used the right credit card to make the purchase. Official application link: American Express Gold Card. However, the damage coverage comes with several exclusions, so you may want to see if your card also offers extended warranty coverage. If your claim is successful, the credit card company will choose to replace, repair or reimburse you for the lost or damaged item. * Eligibility and benefit levels vary by card. How To Find The Cheapest Travel Insurance. Our opinions are our own. Learn more: The best travel credit cards right now. This card might not be the right fit if you're looking for price protection or earning more than 1 point per dollar spent on most purchases that are eligible for purchase protection. The most common coverage amount is $1,000 per covered incident, but some premium American Express cards cover purchases up to $10,000 per incident. That proof of loss depends on the circumstances. Quote: Originally Posted by JeffD. 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. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. bought the Airpods Max and ended up loosing them on my flight, I put them in the seat pocket in front of me during the meal and completely forgot that they were in there. 961 0 obj <> endobj 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. Compare the cost in points or miles to cash, and see which option is best. Something went wrong. Not a Cardmember yet? has been collected independently by NerdWallet . The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. However, this card is so packed with benefits that this coverage doesn't make the card's highlights on the AmEx website. Be sure to check each cards individual purchase protection policy before making an expensive purchase on an Amex card. 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. From broken laptops and phones to delivered packages nabbed from the front porch, when you make a Covered Eligible Purchase with your Eligible American Express Card, you can rest easy knowing that you may be protected up to $1,000 per incident (for some Cards you may be protected up to $10,000 per incident) when the unexpected strikes. Return protection differs from AmEx's purchase protection, which covers you if a purchase is lost or stolen within 90 days. If filing a damaged or stolen item claim, you may be asked to demonstrate a photograph showing the damage to your item. As always, check your credit cards guide to benefits to see which benefits apply to you. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Before making a significant purchase, know the benefits of each card you could use for the purchase. Earning rates: 10 miles per dollar spent on hotels and rental cars booked through Capital One Travel; 5 miles per dollar spent on flights booked through Capital One Travel; 2 miles per dollar spent on all other purchases. We may receive compensation when you click on links to those products. The card details on this page have not been reviewed or provided by the card issuer. Credit cards vary in the amount and duration of coverage provided, so make sure to read the terms and conditions. To file a claim with Amex purchase protection, you can do so online or by calling 800-228-6855. JavaScript must be enabled to experience the American Express website and to log in to your account. Learn more: The best credit cards for travel insurance benefits. 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. read full answer Pre-qualified offers are not binding. Its easy to write off these policies as being too much of a hassle or, conversely, being too good to be true. Some may have trouble using Uber/food credits. Other shopping protections: Extended warranty protection offers one additional year of coverage for items with an original manufacturers warranty of five years or less. There is a maximum coverage amount of $10,000 per item and $50,000 per calendar year.*. Terms and conditions will apply. Gifts are covered as long as they were purchased using an eligible card, Eligible World and World Elite MasterCard cards, Guide to Visa Signature benefits via CapitalOne. Does the Gold card have purchase protection? Good news: AMEX includes Purchase Protection as a benefit on all of its cards shown here. Not as useful for those living outside the U.S. If submitting a claim by phone, you will be asked certain questions about your claim. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. Terms apply. So how do we make money? Terms apply. Past performance is not indicative of future results. In the case of a damage claim, you may need to send in the broken item. You can view the full list of cards here. Amazon marketplace merchant won't accept returns after 30 days. Aaron is an avid global traveler and miles and points enthusiast. Go to the Amex extended warranty claims webpage to file online. The coverage maximum with most American . Big spenders should note that the purchase protection on The Platinum Card from American Express only covers up to $10,000 per covered purchase. AmEx makes it easy to file a purchase protection claim on its website. This coverage is complimentary on most AmEx cards including some debit,. American Express consumer cards all offer purchase protections for eligible purchases for 90 days from the date of purchase to file a claim. shopping purchases when you use your Eligible Card. This benefit is limited to $1,000 annually. Extended Warranty benefits extend your manufacturers warranty coverage, often by as much as a year. 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. As a digital nomad for nearly five years, JT proves through experience that credit card rewards can drastically reduce the cost of travel. Related: Why I switched from the Chase Freedom to the Chase Freedom Flex. Our partners cannot pay us to guarantee favorable reviews of their products or services. All financial products, shopping products and services are presented without warranty. Although this is an oft-overlooked benefit, purchase protection can provide exceptional value. Permanent household items such as carpet, flooring, air conditioners and refrigerators. 2023 American Express. Thankfully, many credit cards offer so-called "purchase protection" that covers theft, damage and loss within a set time after purchase. Read more. Anything purchased for resale or commercial use. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Authorized users are also covered, as long as theyre U.S. residents. and U.S. supermarkets. Maximum coverage per purchase protection claim: $10,000 per item ($500 per event related to a natural disaster). 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. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. And you'll usually be required to file a police report if you are claiming it as stolen. 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. By Cristina Gibson | American ExpressCredit IntelFreelance Contributor. There are credit cards offering purchase protection that aren't included in this list. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. endstream endobj startxref Terms apply. This post contains references to products from one or more of our advertisers. Enrollment required. Amex purchase protection lasts for 90 days from the purchase date. Fortunately, several American Express credit cards are equipped with the handy purchase protection perk. NerdWallet strives to keep its information accurate and up to date. Thankfully, its really easy to search my email inbox to find receipts for everything Ive bought online. If you have multiple American Express cards with varying coverage limits, make sure that your large purchases are made on your cards with the largest coverage limits. And Visa offers Purchase Security to Visa Infinite cardmembers. Would probably help your claim, Amex should be able to help you out. When considering which card to use for your next big purchase, dont forget about the purchase protection coverage perk on your American Express cards. Join Date: Aug 2009. Our points-obsessed staff uses a plethora of credit cards on a daily basis. Plus, your own feed of TPG content. So, forgetful consumers may want to put their purchases on one of American Express premium cards that include lost items under the Amex purchase protection benefit. is no longer available through NerdWallet. Please visit americanexpress.com/benefitsguide for more details. Many popular rewards credit cards come with generous welcome offers and useful benefits to attract consumers. 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.