For example, the Blue Cash Everyday Card from American Express and Amex EveryDay Credit Card* credit cards carry up to $1,000 coverage per incident, up to $50,000 per card member account per calendar year (Terms apply.). Finally, some American Express cards offer purchase protection even when you lose a recently-purchased item. Aaron is an avid global traveler and miles and points enthusiast. Ben is a former credit card specialist for NerdWallet who wrote card reviews and comparisons and covered credit-related issues affecting consumers. Many Amex cards offer purchase protection but coverage limits vary. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. American Express purchase protection works by covering the damage or theft of eligible purchases for up to 90 days after the purchase date. Maximum coverage per purchase protection claim: $500. to see if your incident is covered. Extended Warranty benefits extend your manufacturers warranty coverage, often by as much as a year. 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. JavaScript must be enabled to experience the American Express website and to log in to your account. Like insurance, purchase protection is one of those things that you hope you never have to use. An itemized receipt from the retailer showing the purchase. Not as useful for those living outside the U.S. American Express makes it easy for you to file a claim for your lost, damaged or stolen item within 90 days from the date of your purchase. You also may be asked to return the item to Amex in the event it cant be repaired or to provide proof of loss via a repair estimate form or photographs showing the item's current condition. Visit americanexpress.com/benefitsguide for details. The material made available for you on this website, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. Whether you want to pay less interest or earn more rewards, the right card's out there. Purchase protection will reimburse you for theft, loss or accidental damage to eligible items that occurred within 90 days of purchase. Just answer a few questions and we'll narrow the search for you. Shop moreconfidently with your Card knowing we have your back. 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. Read more. Related: Everything you need to know about Amex purchase protection. 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. American Express is the industry leader amongst credit card issuers offering purchase protection to its customers due to its generous terms and simple claim process. 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. Other categories excluded are animals, living plants, rare stamps, coins, negotiable instruments such as travelers checks, objects rented, leased or borrowed, anything purchased for resale or commercial use, permanent household items such as carpet, flooring, air conditioners and refrigerators, as well as medical or dental equipment or devices. Coverage is limited to the amount charged to your card, up to $10,000 per item and $50,000 per card each calendar year.^. Purchase Protection often covers loss, damage and theft for a short period of time, usually a few months, after purchase. I have the Platinum card so would this be covered under lost item protection or would I be SOL? 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. Claims usually require original receipts and the credit card statement related to the purchase. How To Find The Cheapest Travel Insurance. Click "file a claim" and select the card for which you're filing a claim, enter your date of purchase and click "continue.". Maximum coverage per purchase protection claim: $10,000. If an item is stolen, file a police report immediately. All Rights Reserved. In the event of theft, you must also include a copy of a police report. All policies have a maximum limit of $50,000 in claims per calendar year. 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. 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. The Platinum also offers 90 days of return protection, up to $300 per item. This should be covered under lost item assuming you have the receipt etc. Shop safe withSafeKey. Items purchased for professional or commercial use such as education, training or skills. Coverage on the SPG card remains at $1,250 for carry-on baggage and $500 for checked baggage. Your financial situation is unique and the products and services we review may not be right for your circumstances. We lost some recently purchased shoes at an Airbnb and despite the cleaning team looking multiple times it was nowhere to be found. Coverage can vary based on your state of residence, though, and bonus categories sometimes have caps. In the case of a damage claim, you may need to send in the broken 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. Youll be asked for a copy of the receipt and your Amex purchase record. Benefits also includes a per occurrence maximum for any one Purchase Protection Covered Event related to a Natural Disaster as describedbelow . 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. Many or all of the products featured here are from our partners who compensate us. The information for the Hilton Aspire Amex card has been collected independently by The Points Guy. A copy of your primary insurance declaration page, if applicable. Instead, check the benefits guide to see the card's purchase protection coverage. Our partners cannot pay us to guarantee favorable reviews of their products or services. 2023 American Express. If a loss is due to theft, you may need to provide a copy of the police report. Card Rating is based on the opinion of TPGs editors and is not influenced by the card issuer. 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 post contains references to products from one or more of our advertisers. Sometimes called damage protection, purchase protection ensures goods against theft or accidental damage for a limited time. Each category has certain conditions attached to it. 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. Eligible AmEx cardmembers can still file a purchase protection claim for a covered loss even if you've redeemed Membership Rewards points for all or part of that purchase including Pay With Points redemptions. How do I Earn Membership Rewards Points? 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 Terms apply. You must file a claim within 30 days of your covered loss and you can do so online or by calling 800-228-6855. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. And Visa offers Purchase Security to Visa Infinite cardmembers. This benefit acts as a kind of insurance against theft or damage for a period of time after you buy something. 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. Get more smart money moves straight to your inbox. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. * These cards include: The Platinum Card from American Express. The following items are excluded from this policy: See the entire return protection policy for your card here. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. As with any insurance or coverage product, AmEx purchase protection comes with limitations and exclusions. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Maximum coverage per account for purchase protection: $50,000 per card per calendar year. 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. We believe everyone should be able to make financial decisions with confidence. Although this is an oft-overlooked benefit, purchase protection can provide exceptional value. 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 claim should be provided within thirty (30) days of the loss or as soon as reasonably possible. So, checking. As stated, Notice of Claim should be provided to Amex within 30 days of the incident. 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. is no longer available through NerdWallet. Authorized users are also covered, as . With most Amex cards, youre covered for up to $1,000 per covered incident and up to $50,000 per year, but the reimbursement doesnt include any shipping or handling expenses. You will be asked certain questions about your claim at that time. Terms apply. Does AmEx purchase protection cover lost items? If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. is a location independent digital nomad who has traveled full time since June 2017. Terms apply. Eligible American Express cardholders can get reimbursed up to $1,000 or $10,000 per item (depending on the card) and up to $50,000 per cardholder. Some of the more popular Amex cards offering extended warranty coverage include The Platinum Card from American Express and other consumer versions of the Platinum card, The Business Platinum Card from American Express, American Express Gold Card, American Express Green Card, American Express Business Gold Card, Delta credit cards, Hilton credit cards, Marriott credit cards and The Blue Business Plus Credit Card from American Express. Policies are underwritten by AMEX Assurance Company. 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. From bedroom furniture to clothing and cellular phones to handbags, purchase protection can be a worthwhile benefitparticularly for high-priced items. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. This card has the brawn to handle just about all of your credit card spending needs without an over-inflated price tag. Purchase Protection can cover the cost of lifes uh-oh moments, so you can be more confident when buying with your Eligible Card. 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 has been collected independently by NerdWallet . American Express processes claims more quickly than some other issuers. We'd love to hear from you, please enter your comments. Cash and its equivalent (including, but not limited to, gift cards and gift certificates). has been collected independently by NerdWallet. How do I Redeem Membership Rewards Points. If your item was stolen, you may need to show American Express a copy of the police report. Here is a list of our partners. All American Express cards with extended warranty benefits provide the same amount of coverage. 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.
