Purchase protection covers items you want to keep; return protection covers items you don't want to keep where the store won't accept a return. For an explanation of our Advertising Policy, visit. Services and additional costs, such as installation charges, warranties, shipping, handling and memberships. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Best card for premium perks while traveling, Capital One Venture X Rewards Credit Card, The Business Platinum Card from American Express, Quick Points: Hyatt Globalists get free parking on award stays, What are points and miles worth? Plus, AmEx can change the coverage at any time. * Eligibility and benefit levels vary by card. Maximum coverage per account for purchase protection: $50,000 per card per calendar year. Policies are underwritten by AMEX Assurance Company. JavaScript must be enabled to experience the American Express website and to log in to your account. 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. 2023 American Express. TPGs March 2023 monthly valuations, Cruise giant Carnival goes Texas-size big with new sailings from Galveston. Although this is an oft-overlooked benefit, purchase protection can provide exceptional value. However, this card is so packed with benefits that this coverage doesn't make the card's highlights on the AmEx website. More information can be found, American Express makes it easy you can file your claim. 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. Check your benefits guide for complete details. The coverage is limited up to $1,000 per occurrence, up to $50,000 per Card Member account per calendar year. Related: Why I switched from the Chase Freedom to the Chase Freedom Flex. 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. Note that purchase protection is different from. Check your benefits guide for complete details. 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*). How do I find and add Amex Offers to my Card? He published over 2,000 articles on The Points Guy before becoming a freelance writer. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Delta SkyMiles Blue American Express Card. Fortunately, several American Express credit cards are equipped with the handy purchase protection perk. All financial products, shopping products and services are presented without warranty. Related: Battle of the premium travel rewards cards which is best for you? Amex members get a variety of benefits including exclusive rewards and discounts, 24/7 customer service, travel benefits such as trip protection and car rental savings, and access to extraordinary events. is no longer available through NerdWallet. 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. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. War, acts of war or service in the military. 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. Recently bought a Pacsafe bag that basically fell apart on the first trip out. Notably, American Express prepaid debit cards do not come with this benefit. 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. 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. 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. JT Genter is a freelance points, miles and credit card writer formerly of The Points Guy. Finally, some American Express cards offer purchase protection even when you lose a recently-purchased item. Many times, claims examiners will ask you to submit photos of your broken item to verify its condition and American Express may request that you send your broken item to them. For example, if you have an American Express card, the chances are that card provides AmEx purchase protection. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). pAxTu:E4 VB8H_ fUsF4A~ScD_ ^8v8_]gw`\7f(g~5"ip JI. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, Purchase Protection: Which Credit Cards Cover Your Belongings. Terms and conditions will apply. This is just one scoring method and a credit card issuer may use another method when considering your application. 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. Be ready to provide an itemized online receipt or original store receipt of the item as you will need it to receive claim consideration. Return protection differs from AmEx's purchase protection, which covers you if a purchase is lost or stolen within 90 days. 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. Offer ends 3/29/23. The extended warranty period is an additional year and is limited to covering the actual purchase amount paid for with your card. 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. A copy of your primary insurance declaration page, if applicable. 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. As always, check your credit cards guide to benefits to see which benefits apply to you. For most people, the purchase protection benefit offered by some credit cards flies under the radar. American Express purchase protection works by covering the damage or theft of eligible purchases for up to 90 days after the purchase date. Purchase Protection Coverage Period as described below. 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. Policies are underwritten by AMEX Assurance Company. Terms apply. Here's a look at how purchase protection programs work. Platinum. For full Terms and Conditions, see www.americanexpress.com/PPterms. Maximum coverage per purchase protection claim: $1,000 per item ($500 per event if related to a natural disaster). endstream endobj 962 0 obj <>>>/Filter/Standard/Length 128/O(-ZK*Kme P1Fi dX)/P -1340/R 4/StmF/StdCF/StrF/StdCF/U(U-q U )/V 4>> endobj 963 0 obj <>/Metadata 89 0 R/OCProperties<>/OCGs[973 0 R]>>/Outlines 294 0 R/PageLayout/OneColumn/Pages 957 0 R/StructTreeRoot 349 0 R/Type/Catalog>> endobj 964 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 965 0 obj <>stream Amex Platinum Lost Item Purchase Protection Question So I recently. Related: How an often-overlooked credit card benefit put $1,400 back in my wallet. 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. However, the purchase protection coverage amounts and limitations vary between AmEx cards. Subject to additional terms, conditions and exclusions. Here is a list of our partners. Policies are underwritten by AMEX Assurance Company. Additional reporting by Stella Shon, Carissa Rawson, Christina Ly and Ryan Smith. 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. Dozens of AmEx cards offer purchase protection benefits. However, this card doesnt offer extended warranty or return protection. Any other documentation needed to substantiate your claim. Please review. Other business cards only offer coverage for damaged or stolen items on purchase protection claims. Whether you want to pay less interest or earn more rewards, the right card's out there. However, Ive filed two claims with Amex in the past; in both cases, I was pleasantly surprised at how quick and easy the process was. Maximum coverage per purchase protection claim: $10,000. The claim should be provided within thirty (30) days of the loss or as soon as reasonably possible. 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. Let's take a look at the current coverage on The Platinum Card from American Express as an example. One-of-a-kind items, such as antiques and artwork, or limited-edition items. 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. Benefits are providedfor Replacement Cost up to the lesser of the Eligible Payment or the per item and calendar year maximums as described below. Hilton Honors American Express Surpass Card. Read more. 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! I have the Platinum card so would this be covered under lost item protection or would I be SOL? 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. TPG values this bonus at $1,200. 2023 American Express. You can do so online or by calling Amex at 1-800-322-1277. Eligibility and Benefit level varies by Card. There are limitations to this policy, so be sure to read your card's benefits guide for a full explanation of what's excluded under purchase security. For return protection, you have to file a claim within 90 days of your original purchase.. This card shines for this use, but overall the star ratings may differ when compared to other cards. 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. Claim processing and payment is usually complete within 30 days. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Please review. 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. 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. Credit Score ranges are based on FICO credit scoring. Terms apply. Please visit americanexpress.com/benefitsguide for more details. Here, you'll need to provide a copy of the purchase receipt and proof of loss. Business Green Rewards Card from American Express. Finders keepers is not really a thing. If your item was stolen, you may need to show American Express a copy of the police report. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. ;*KLjmNT To be eligible for purchase protection, you must use an American Express card equipped with this benefit and charge at least a portion of your qualifying purchase to that card. If a recently purchased item is damaged, stolen or lost, your first step should be to determine whether the card used to purchase the item has purchase protection. This benefit acts as a kind of insurance against theft or damage for a period of time after you buy something. Press question mark to learn the rest of the keyboard shortcuts. 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. 971 0 obj <>/Encrypt 962 0 R/Filter/FlateDecode/ID[]/Index[961 35]/Info 960 0 R/Length 65/Prev 833811/Root 963 0 R/Size 996/Type/XRef/W[1 2 1]>>stream * Eligibility and benefit levels vary by card. 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. 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. Claims can be made online or by giving American Express a call at 1-800-322-1277. 961 0 obj <> endobj So, checking the terms for your AmEx card when you need coverage is essential. Any purchase that is not in an excluded category and is made with a qualifying American Express card will receive purchase protection. Other shopping protections: The extended warranty protection extends eligible manufacturers warranties of three years or less by one additional year. Not all purchase protection benefits are created equal. 1 Terms, conditions and exclusions apply. Keep track of all the required documentation, such as the original store receipt or a printout of an online receipt. Benefits also includes a per occurrence maximum for any one Purchase Protection Covered Event related to a Natural Disaster as describedbelow . has been a Senior Points and Miles Contributor for TPG since 2012. Also, if it was gone 30 minutes later, it was stolen. For claims filed internationally, you can dial 1-303-273-6498. A copy of the claim settlement from your primary insurance company, if applicable. We'll run a soft credit check to find special offers, but it wont affect your credit score. Permanent household items such as carpet, flooring, air conditioners and refrigerators. Welcome bonus: Earn $200 cash back after spending $500 on purchases in your first three months of account opening. Go to the Amex extended warranty claims webpage to file online. You must file a claim within 30 days of loss through this link or by calling 800-228-6855. Have you considered how much it will cost to use credit card while traveling abroad? As with any insurance policy, the devil is always in the details. 4x on dining at restaurants and U.S. supermarkets (on the first $25,000 in purchases per calendar year; then 1x), 3x on flights booked directly with the airline or with Amex Travel, Welcome bonus of 60,000 points after spending $4,000 in the first six months, Weak on travel outside of flights and everyday spending bonus categories.
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