War, acts of war or service in the military. 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. Pre-qualified offers are not binding. has been a Senior Points and Miles Contributor for TPG since 2012. Also, note that some losses are excluded such as if you left the item in an unlocked car. Please try again later. As stated, Notice of Claim should be provided to Amex within 30 days of the incident. Items not being safeguarded or left at an unlocked location. For most people, the purchase protection benefit offered by some credit cards flies under the radar. 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. Purchase Protection is normally not the first benefit that comes to mind when you think of your American Express card perks. AmEx purchase protection generally covers theft, loss and damage to eligible items within 90 days of purchase. So how do we make money? Please visit americanexpress.com/benefitsguide for more details. Select the Card below to read the full terms and conditions for Return Protection related to that Card. 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.*. diamondsaremadeunder 3 yr. ago. So, checking. Terms, conditions and limitations apply. 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. AmEx purchase protection covers lost, stolen or damaged items within the first 90 days after purchase. Balance transfer fee applies, see pricing and terms for more details. You can view the full list of cards here. After working as a tax accountant for a decade, JT turned his analytical skills to points, miles and credit cards. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 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. 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. Maximum coverage per purchase protection claim: $10,000 per item ($500 per event related to a natural disaster). Information provided on Forbes Advisor is for educational purposes only. *Eligibility and benefit levels vary by card. Related: Battle of the premium travel rewards cards which is best for you? 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. This guide will describe the basics of credit card purchase protection and detail the credit cards that offer the best coverage. Our partners compensate us. When evaluating offers, please review the financial institutions Terms and Conditions. If you're hitting the skies soon, you'll also earn bonus points on travel. Terms, Conditions and Limitations Apply. Amazon marketplace merchant won't accept returns after 30 days. 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. 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. Coverage Limits Apply. 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. Underwritten by AMEX Assurance Company. 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. The following items are excluded from this policy: See the entire return protection policy for your card here. These are provided as guidelines only and approval is not guaranteed. Return protection differs from AmEx's purchase protection, which covers you if a purchase is lost or stolen within 90 days. Business cards are no exception. 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. Terms apply. Earn a $200 bonus after spending $500 on purchases in your first 3 months from account opening. Theres nothing easier than buying a gift card at the last minute. Claim processing and payment is usually complete within 30 days. You want a travel credit card that prioritizes whats important to you. How do I Redeem Membership Rewards Points. 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. Have you considered how much it will cost to use credit card while traveling abroad? Compare the cost in points or miles to cash, and see which option is best. Items voluntarily or involuntarily discarded. Please visit americanexpress.com/benefitsguide for more details. The Blue Cash Everyday Card from American Express is good for earning 3% cash back at U.S. supermarkets (up to $6,000 per calendar year, then 1%), but shopping protection benefits arent beneficial on most supermarket purchases. The Hilton Honors American Express Business Card. 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. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. The coverage is limited up to $1,000 per occurrence, up to $50,000 per Card Member account per calendar year. Disclaimer: NerdWallet strives to keep its information accurate and up to date. After logging in, click "File a Claim." Go through the online claim process and provide the required information. Please view our advertising policy page for more information. The Blue Business Plus Credit Card from American Express. 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). 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. Fortunately, in many places, you dont need to go down to the local police precinct as many cities have an online portal to submit reports for incidents like theft, lost property or damage to property. Most Cards allow up to $1,000 per incident, with a limit of $50,000 per year. Dozens of cards offer this benefit. Keep in mind that if you have a primary insurance policy covering the item, you must file a claim there before approaching your credit card issuer to use purchase protection. For claims filed internationally, you can dial 1-303-273-6498. 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. ^ Eligibility and benefit levels vary by card. Our opinions are our own. Check your benefits guide for complete details. * Eligibility and benefit levels vary by card. The best credit cards for travel insurance benefits. 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? Purchase protection can save your skin and protect the items you've purchased if a recently-bought item is damaged or stolen. and U.S. supermarkets. Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. The extended warranty period is an additional year and is limited to covering the actual purchase amount paid for with your card. The other card networks often offer their own purchase protections as part of their network affiliation. So I recently. There's a lot to love about the Amex Gold card. Click "file a claim" and select the card for which you're filing a claim, enter your date of purchase and click "continue.". However, this card is so packed with benefits that this coverage doesn't make the card's highlights on the AmEx website. 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. Ben Luthi is a former credit card specialist for NerdWallet. 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. Terms apply. 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. Visit americanexpress.com/benefitsguide for details. Authorized users are also covered, as . 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. 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. The claim was quickly accepted, and I was issued a statement credit for my purchase. Any other documentation needed to substantiate your claim. Instead, check the benefits guide to see the card's purchase protection coverage. Amex purchase protection has been absolutely fantastic for the occasional janky Amazon purchase, particularly marketplace items. 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. Find the right card for you. Here is a list of our partners and here's how we make money. This purchase protection product covers damage and theft, but only up to $500 per claim and $50,000 per account. Explore our Cards Terms and Conditions How do I Earn Membership Rewards Points? Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. The Platinum Card from American Express American Express Gold Card and Delta SkyMiles Reserve American Express Card are just a few examples. First, you have to have the right card. NerdWallet strives to keep its information accurate and up to date. NerdWallet strives to keep its information accurate and up to date. 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. **, Morgan Stanley Blue Cash Preferred American Express Card.**. The Centurion Card from American Express** and The Business Centurion Card from American Express. This information may be different than what you see when you visit a financial institution, service provider or specific products site. How To Find The Cheapest Travel Insurance. All financial products, shopping products and services are presented without warranty. If you claim an item was stolen you will need a police report. You might be using an unsupported or outdated browser. Purchase Protection can cover the cost of lifes uh-oh moments, so you can be more confident when buying with your Eligible Card.
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