The card doesnt offer price protection or return protection, though. 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. Benefits also includes a per occurrence maximum for any one Purchase Protection Covered Event related to a Natural Disaster as describedbelow . 995 0 obj
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Terms apply. The Ink Cash Card is a great choice if you buy high-value items that are eligible for purchase protection at office supply stores where youll earn 5% cash back until you hit your annual limit. This information may be different than what you see when you visit a financial institution, service provider or specific products site. If your Card is not listed on this page, if you are an Additional Card Member, or to determine whether you have coverage, please call the number on the back of your Card to verify your benefits View Policy View Policy View Policy View Policy Meanwhile, here's the list of small business cards from AmEx with this benefit: The Business Platinum Card from American Express. Purchase Protection Coverage Period as described below. Delta SkyMiles Blue American Express Card. 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. Purchase protection is included in many U.S. American Express cards at no additional cost to the cardholder. In contrast, more than a dozen personal American Express cards include loss as a qualified purchase protection reason in their benefits. Posts: 13,805. 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. Each eligible AmEx card is covered for up to $50,000 in claims per 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.*. 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. Hilton Honors American Express Aspire Card. Fortunately, several American Express credit cards are equipped with the handy purchase protection perk. 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. 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. In this case, you must purchase an item thats eligible for coverage and the loss cant be due to an excluded reason. Please view our advertising policy page for more information. update? This benefit acts as a kind of insurance against theft or damage for a period of time after you buy something. Several credit cards may even provide protection if you lose a recently-purchased item. *Eligibility and benefit levels vary by card. 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. Personal hygiene items or any devices (medical or nonmedical) that have been personally used and could be considered a health risk to others. Negotiable instruments, such as stamps and travelers' checks. Check here before booking an award fare. Almost every American Express credit and charge card offers purchase protection of some degree. Youre out of luck, right? 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. 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. We'll run a soft credit check to find special offers, but it wont affect your credit score. This post contains references to products from one or more of our advertisers. Here are some tips to help you navigate this growing trend. Underwritten by AMEX Assurance Company. 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. As with any insurance policy, the devil is always in the details. 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. Recently bought a Pacsafe bag that basically fell apart on the first trip out. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. At the time of writing, The Platinum Card from American Express holders are covered for up to 90 days from the date of a covered purchase of an eligible item. 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. You can do so online or by calling Amex at 1-800-322-1277. Does the Gold card have purchase protection? 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. When deciding which travel rewards card to use for large purchases, its important to look beyond the points and miles you earn. The warranty wont cover the damage, and you didnt think youd need AppleCare. Plus, your own feed of TPG content. Purchase protection coverage limits vary among American Express cards, so its important that you review your cards guide to benefits so that you understand the coverage limits and exclusions that apply to you. I have the Platinum card so would this be covered under lost item protection or would I be SOL? You need to typically provide documentation (receipts) and sometimes proof such as a police report. The American Express Gold Card has one of the lowest annual fees of American Express cards that offer generous $10,000 purchase protection coverage per item (excluding natural disasters). So you finally splurged for an Apple Watch and broke it a week later. Earning rates: 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and on travel booked through the Ultimate Rewards portal; 3% cash back on dining and drugstores; 1% cash back on all other purchases. Improve earnings, maximize rewards and track progress toward dream trips. Most Cards allow up to $1,000 per incident, with a limit of $50,000 per year. Find the right card for you. Here, you'll need to provide a copy of the purchase receipt and proof of loss. You would only be reimbursed up to the amount charged on the card. When you purchase an item with a manufacturer's warranty, this benefit can add an extra year to the warranty. The Centurion Card from American Express** and The Business Centurion Card from American Express. Coverage Limits Apply. Related: Best credit cards with purchase protection. 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. Delta SkyMiles Platinum Business American Express Card. The Platinum Card from American Express American Express Gold Card and Delta SkyMiles Reserve American Express Card are just a few examples. Pre-qualified offers are not binding. 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 must provide an original store receipt (or a printout of an online receipt). Delta SkyMiles Reserve Business American Express Card. Enrollment required. You must file a claim within 30 days of loss through this link or by calling 800-228-6855. You can view the full list of cards here. To be eligible, you must pay for the entire cost of the item with your eligible American Express card, and purchases must be made in the U.S. or U.S. territories.^. However, if your item is just lost or missing, you wont need a police report. Once American Express has all the information needed to process your claim, theyll notify you via email once a decision has been made. 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. There is a maximum coverage amount of $10,000 per item and $50,000 per calendar year.*. Purchase Protection can cover the cost of lifes uh-oh moments, so you can be more confident when buying with your Eligible Card. Do not sell or share my personal information. When an American Express Card Member charges a Covered Purchase with their Eligible Card, Purchase Protection can help protect their Covered Purchases for up to 90 days from the Covered Purchase date if it is stolen or accidentally damaged. Terms apply. shopping purchases when you use your Eligible Card. Many or all of the products featured here are from our partners who compensate us. Terms, Conditions and Limitations Apply. 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. Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. How do I Earn Membership Rewards Points? Make sure to file a claim within 30 days of the incident - or as soon as reasonably possible. For full Terms and Conditions, see www.americanexpress.com/PPterms. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Not all purchase protection benefits are created equal. *, Maximum coverage per account for purchase protection: $50,000 per card per calendar year.*. Earn 3X Membership Rewards points on flights booked directly with airlines or on amextravel.com. We'd love to hear from you, please enter your comments. Plus, not all damage and losses are covered. I was notified about a week later that my claim had been accepted, and I was issued a statement credit for the purchase price. Check here before booking an award fare. EgnS+JoYlUR fbcv,R38{TA\
=e`%! , other credit card benefits you might be eligible for. 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. Compare the cost in points or miles to cash, and see which option is best. Shop moreconfidently with your Card knowing we have your back. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. 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. Purchase Protection Protect your shopping Enjoy stress-free shopping when you use your American Express Card, with 90-day Purchase Protection. This is just one scoring method and a credit card issuer may use another method when considering your application. 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. 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. For rates and fees of the Amex Gold Card, please click here.For rates and fees of the Blue Cash Everyday, please click here.For rates and fees of the Amex Platinum Card, please click here.For rates and fees of the Hilton Aspire, please click here.For rates and fees of the Delta Reserve, please click here. Juan is a travel writer that specializes in travel and personal finance, including content on credit card products and airline and hotel loyalty programs. This benefit offers cardholders compensation when a store will not accept an eligible item for return within 90 days of purchase. Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. Learn more: The best credit cards for travel insurance benefits. *Eligibility and Benefit level varies by Card. 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. Nonetheless, this useful benefit can save you hundreds (maybe thousands) if you have the misfortune of theft or damage on a covered purchased item within 90 days of purchasing the item. All financial products, shopping products and services are presented without warranty. Help protect your eligible The other card networks often offer their own purchase protections as part of their network affiliation. 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. 11. ghedoicy. Terms apply. 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. This information may be different than what you see when you visit a financial institution, service provider or specific products site. 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. Items purchased for professional or commercial use such as education, training or skills. For claims filed internationally, you can dial 1-303-273-6498. How to file a purchase protection claim with Amex. To file a claim with Amex purchase protection, you can do so online or by calling 800-228-6855. Maximum coverage per purchase protection claim: $500. Its easy to write off these policies as being too much of a hassle or, conversely, being too good to be true. Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. The purchase must be made in the United States, be in like new condition and the merchant must have previously denied the return. How To Find The Cheapest Travel Insurance. has been collected independently by NerdWallet. Flexibility, point transfers and a large bonus: Bank of America Travel Rewards credit card. Items permanently affixed to a home, office, vehicles, etc. He published over 2,000 articles on The Points Guy before becoming a freelance writer. 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. The most common coverage amount is $1,000 per covered incident, but some premium American Express cards cover purchases. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Be sure to check each cards individual purchase protection policy before making an expensive purchase on an Amex card. Please view our advertising policy page for more information. This coverage is complimentary on most AmEx cards including some debit, prepaid and reloadable AmEx cards. Instead, check the benefits guide to see the card's purchase protection coverage. Balance transfer fee applies, see pricing and terms for more details. Terms apply. If an eligible item is lost, accidentally broken, or stolen within 90 days of the purchase date, Amex may reimburse its value. 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. If filing online, you will be prompted to submit required documents to support your claim. The Forbes Advisor editorial team is independent and objective. 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. Also, if it was gone 30 minutes later, it was stolen. Plus, this card doesnt exclude lost or misplaced items and is great for foodies, due to its bonus-earning categories and monthly spending credits with restaurants and Uber/Uber Eats. You can see the benefits for all American Express cards on Amexs website and can consult our guide to shopping protections on American Express cards, but you may need to call or log into your account to see the guide to benefits for cards issued by other banks. Any other documentation needed to substantiate your claim. Depending on the credit card, the coverage amount and the duration of the protection may differ. Press J to jump to the feed. Your financial situation is unique and the products and services we review may not be right for your circumstances. to see if your incident is covered. Submitted a claim and it was approved the next day. Amex Purchase Protection Claim takes so long I have never use Amex Claim before and I lost my laptop recently on public transit which cost me about $2K lost. 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. Visit americanexpress.com/benefitsguide for details. Just make sure to file a notice of claim within 30 days of the loss. In these cases, Amex will refund the entire purchase price up to $300 per item, excluding shipping and handling charges. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). 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. Purchase protection will reimburse you for theft, loss or accidental damage to eligible items that occurred within 90 days of purchase. There are a multitude of purchases that are excluded from purchase protection. This information may be different than what you see when you visit a financial institution, service provider or specific products site. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Consumable or perishable items such as perfume, light bulbs and batteries. TPGs March 2023 monthly valuations, Cruise giant Carnival goes Texas-size big with new sailings from Galveston. Visit americanexpress.com/benefitsguide for details. Hilton Honors American Express Surpass Card. Authorized users are also covered, as long as theyre U.S. residents. AmEx purchase protection covers lost, stolen or damaged items within the first 90 days after purchase. You can also mail them at: Purchase Protection Claims Unit, PO Box 981553 El Paso TX 79998- 9920. If you're hitting the skies soon, you'll also earn bonus points on travel. If an eligible item is lost, accidentally broken, or stolen within 90 days of the purchase date, Amex may reimburse its value. Terms apply. Beyond that, I think its prudent to factor these protections into your decision of which card to use whenever you make a large purchase. As always, check your credit cards guide to benefits to see which benefits apply to you. 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. Please try again later. 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 . That proof of loss depends on the circumstances. Good news: AMEX includes Purchase Protection as a benefit on all of its cards shown here. ^Eligibility and benefit levels vary by card. Performance information may have changed since the time of publication. We lost some recently purchased shoes at an Airbnb and despite the cleaning team looking multiple times it was nowhere to be found. Remember that only purchases made with your eligible American Express card and only the amount charged to your card are eligible for purchase protection. If that item is lost, stolen or damaged within the first 90 days, file a Notice of Claim within 30 days to start the claims process.
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