Choose the color that suits your style. 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. You will likely need to produce a police report for purchase protection claims against item theft, so having this on hand can speed up the time it takes to submit and process your claim. Youll be asked for a copy of the receipt and your Amex purchase record. Learn more: How to add money-saving AmEx . Many popular rewards credit cards come with generous welcome offers and useful benefits to attract consumers. To view rates and fees of the Delta SkyMiles Reserve American Express Card, see this page. Amex Platinum Lost Item Purchase Protection Question So I recently. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. AmEx Return Protection: What to Know - NerdWallet The material made available for you on this website, Credit Intel, is for informational purposes only and is not intended to provide legal, tax or financial advice. $10,000 per claim, $50,000 per year for the American Express Gold Card, The Platinum Card from American Express and Delta SkyMiles Reserve American Express Card cardholders Several credit cards may even provide protection if you lose a recently-purchased item. Find the right card for you. Worry less. New comments cannot be posted and votes cannot be cast. 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. Policies are underwritten by AMEX Assurance Company. Eligibility and Benefit level varies by Card. So I recently. 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. 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). Earn 5% cash back in categories that rotate quarterly on up to $1,500 when enrolled, 5% on travel purchased throughRead More. The best credit cards for purchase protection - The Points Guy Consumable or perishable items like food and batteries. Terms apply. While extended warranty coverage offers more comprehensive damage protection, purchase protection gives you more protection in case of theft. Compare the cost in points or miles to cash, and see which option is best. The manufacturer was completely unwilling to repair or replace it, but once again I remembered my Amex extended warranty policy and filled out an online claim form. 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. Using The American Express Platinum Purchase Protection: Swimwear If an item is broken, take pictures to document the broken item and make sure that you keep the broken item until either it is requested by American Express or your claim is paid and closed. This guide will describe the basics of credit card purchase protection and detail the credit cards that offer the best coverage. Sometimes called damage protection, purchase protection ensures goods against theft or accidental damage for a limited time. 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. Press J to jump to the feed. its said 10 business but its already past. 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 . The best credit cards for travel insurance benefits. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Many or all of the products featured here are from our partners who compensate us. The Platinum Card, Gold Card, Delta SkyMiles Reserve Card, Hilton Aspire Card, and Marriott Bonvoy Brilliant Card are just a few examples. Purchase protection offers short-term insurance for your everyday purchases, in case the items are stolen or damaged. Please visit americanexpress.com/benefitsguide for more details. Plus, AmEx can change the coverage at any time. After working as a tax accountant for a decade, JT turned his analytical skills to points, miles and credit cards. Plus, your own feed of TPG content. Many Amex cards offer purchase protection but coverage limits vary. Please review. So, you can't claim purchase protection if your baseball bat or hockey stick breaks. You'll notice that nearly all AMEX cards offer this benefit, so chances are you're already covered. Finally, some American Express cards offer purchase protection even when you lose a recently-purchased item. Performance information may have changed since the time of publication. Cards that still offer this benefit include: ** The information for these cards has been collected independently by The Points Guy. Youre out of luck, right? When evaluating offers, please review the financial institutions Terms and Conditions. An itemized receipt from the retailer showing the purchase. However, if your item is just lost or missing, you wont need a police report. Please visit americanexpress.com/benefitsguide for more details. Read more. Learn more: The best travel credit cards right now. 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. 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. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Hilton Honors American Express Aspire Card is no longer available through NerdWallet. All information about Hilton Honors American Express Aspire Card has been collected independently by NerdWallet. *Eligibility and Benefit level varies by Card. In these cases, Amex will refund the entire purchase price up to $300 per item, excluding shipping and handling charges. 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. Be sure to check your cardholder agreement for your specific benefits. Please read important exclusions and restrictions. More information can be found, American Express makes it easy you can file your claim. Shopping Protection | Purchase Protection Plan | Amex CA Permanent household items such as carpet, flooring, air conditioners and refrigerators. A variable APR of 19.49%28.24% applies thereafter. TPGs March 2023 monthly valuations, Cruise giant Carnival goes Texas-size big with new sailings from Galveston. Amex purchase protection has been absolutely fantastic for the occasional janky Amazon purchase, particularly marketplace items. Your financial situation is unique and the products and services we review may not be right for your circumstances. Policies are underwritten by AMEX Assurance Company. 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. For example, if you have an American Express card, the chances are that card provides AmEx purchase protection. Any purchase that is not in an excluded category and is made with a qualifying American Express card will receive purchase protection. 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. Platinum. Past performance is not indicative of future results. Claim processing and payment is usually complete within 30 days. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Terms apply. As a digital nomad for nearly five years, JT proves through experience that credit card rewards can drastically reduce the cost of travel. As with any insurance or coverage product, AmEx purchase protection comes with limitations and exclusions. Coverage on the SPG card remains at $1,250 for carry-on baggage and $500 for checked baggage. Visit americanexpress.com/benefitsguide for details. The Centurion Card from American Express** and The Business Centurion Card from American Express. Lost/stolen iPad- will purchase protection cover it? Be ready to provide an itemized online receipt or original store receipt of the item as you will need it to receive claim consideration. Amex Platinum Lost Item Purchase Protection Question : r/amex - reddit 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. Additional reporting by Stella Shon, Carissa Rawson, Christina Ly and Ryan Smith. With purchase protection, you can file a claim to be reimbursed for any eligible item you bought with The Platinum Card from American Express if . Not a Cardmember yet? Many other issuers offer some form of damage against loss or theft for eligible items purchased with the card. Related: Why I switched from the Chase Freedom to the Chase Freedom Flex. Terms apply. Credit Score ranges are based on FICO credit scoring. But can you use your credit card to do so? Visit americanexpress.com/benefitsguide for details. 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. 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. Eligibility and Benefit level varies by Card. All Credit Intelcontent is written by freelance authors and commissioned and paid for by American Express. %PDF-1.6 % Lost Item - Purchase Protection : r/amex - reddit Authorized users are also covered, as long as theyre U.S. residents. 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. $10,000 per claim, $50,000 per year for the, Delta SkyMiles Reserve American Express Card. However, this does not influence our evaluations. The first claim was for a childs bicycle seat that was supposed to mount on my bikes handlebars. Explore our Cards Terms and Conditions AmEx makes it easy to file a purchase protection claim on its website. $10,000 per claim, $50,000 per year for the American Express Gold Card, The Platinum Card from American Express and Delta SkyMiles Reserve . Finally, be diligent, complete and timely when you file your claims. Terms apply. Terms, Conditions and Limitations Apply. While extended warranty coverage offers more comprehensive damage protection, purchase protection gives you more protection in case of theft. The material made available for you on this website, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. Amex has you covered in that instance, too. 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. Credit Card Purchase Protection | American Express UK All Rights Reserved. this adds to already-existing purchase protection and extended warranty . Unfortunately, if you're affected by a natural disaster, AmEx purchase protection only covers a maximum of $500 in claims per event. Items damaged by natural disasters are subject to different terms and limits notated in each cards terms and conditions. We lost some recently purchased shoes at an Airbnb and despite the cleaning team looking multiple times it was nowhere to be found. How Amex Platinum Price Protection Works - WalletHub Does the Gold card have purchase protection? The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Not if you used the right credit card to make the purchase. 5 points per dollar on flights booked directly with airlines or Amex Travel (up to $500,000 on these purchases per calendar year, then 1 point per dollar); 5 points per dollar on prepaid hotels booked through Amex Travel; 1 point per dollar on other purchases. Books, magazines or periodicals of any kind. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, Purchase Protection: Which Credit Cards Cover Your Belongings. When you charge a Covered Purchase to your Eligible Card, you can be reimbursed for up to 90 days from the date of purchase if the item is stolen or accidentally damaged. AmEx purchase protection covers lost, stolen or damaged items within the first 90 days after purchase. Purchase Protection Coverage Period as described below. Editors note: This is a recurring post, regularly updated with new information. Who should (and shouldnt) get the Capital One Venture X card? 2023 Forbes Media LLC. * These cards include: Related: The 5 Amex cards were keeping in our wallets and why. Terms, Conditions and Limitations Apply. 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. Delta SkyMiles Platinum American Express Card. 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. 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. You may need to submit a police report for stolen items and a repair estimate or photos for damaged items during the claim process. A copy of the claim settlement from your primary insurance company, if applicable. Terms apply. Marriott Bonvoy Brilliant American Express Card. 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. Please visit americanexpress.com/benefitsguide for more details. 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. Policies are underwritten by AMEX Assurance Company. Learn more: The best credit cards for travel insurance benefits. 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's extended warranty perk applies to warranties of five years or less. However, this card doesnt offer extended warranty or return protection. *Eligibility and benefit levels vary by card. For example, AmEx won't approve a claim for damage to an item "purchased for play." 961 0 obj <> endobj Once American Express has all the information needed to process your claim, theyll notify you via email once a decision has been made. Our partners compensate us. Improve earnings, maximize rewards and track progress toward dream trips. Have you considered how much it will cost to use credit card while traveling abroad? 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. All financial products, shopping products and services are presented without warranty. You must file a claim within 30 days of your covered loss and you can do so online or by calling 800-228-6855. 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. For return protection, you have to file a claim within 90 days of your original purchase.. Depending on the credit card, the coverage amount and the duration of the protection may differ. 995 0 obj <>stream Plus, your own feed of TPG content. AmEx makes it easy to file a purchase protection claim on its website. My next chance to use these benefits came when a computer part failed about a year and a half after purchase and had a warranty of just one year. Here is a list of our partners and here's how we make money. Here are our picks for the. Create an account to follow your favorite communities and start taking part in conversations. The coverage maximum with most American . 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. Here, you'll need to provide a copy of the purchase receipt and proof of loss. Terms apply. Fortunately, several American Express credit cards are equipped with the handy purchase protection perk. There is a maximum coverage amount of $10,000 per item and $50,000 per calendar year.*. Earn 4X Membership Rewards Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). |F\ba9F ~Zh1m$5(9=H$3wxMd/L}hLXI=eO*"Z:#x&OpDZH~}7~H{h9uqGM_)J'p3TFE3H8Z;t Business cards are no exception. 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. Our points-obsessed staff uses a plethora of credit cards on a daily basis. Coverage applies for 90 days after purchasing the item. For full Terms and Conditions, see www.americanexpress.com/PPterms. Amex purchase protection lasts for 90 days from the purchase date. 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. 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. The rotating bonus categories offered by the Chase Freedom Flex make it an excellent choice for purchases that fit into bonus categories. Press question mark to learn the rest of the keyboard shortcuts. Personal cards with purchase protections from AmEx include: The Platinum Card from American Express. 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. Juan's passion is helping readers navigate through the complex world of frequent flier miles, credit card rewards points and award travel. Furthermore, there are only two American Express business cards that include purchase protection benefits* for lost items, which are also the Delta SkyMiles Reserve Business American Express Card and The Business Platinum Card from American Express. We'll run a soft credit check to find special offers, but it wont affect your credit score. Purchase protection is included in many U.S. American Express cards at no additional cost to the cardholder. Purchase protection doesnt require any registration in advance. Gold or Rose Gold. So you finally splurged for an Apple Watch and broke it a week later. has been collected independently by NerdWallet. Delta SkyMiles Reserve Business American Express Card. However, there are varying levels of protection. If you have questions, please consult your own professional legal, tax and financial advisors. How to Freeze an American Express Platinum Card - WalletHub 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. However, the damage coverage comes with several exclusions, so you may want to see if your card also offers extended warranty coverage. In the event of theft, you must also include a copy of a police report. Paired with up to $120 in Uber Cash (for U.S. Uber rides or Uber Eats orders) and up to $120 in annual dining statement credits at eligible partners, there's no reason that the foodie shouldn't add this card to their wallet. Earn 5% cash back in categories that rotate quarterly on up to $1,500 when enrolled, 5% on travel purchased through. Hence, its worth referencing the guide to benefits for each card in your wallet to determine whether they have that coverage as well as other valuable shopping and travel protections. Other shopping protections: The extended warranty protection extends eligible manufacturers warranties of three years or less by one additional year. Check your eligibility here. The Points Guy, Forbes Advisor, AwardWallet, LendingTree. What You Should Know About Foreign Transaction Fees. Official application link: American Express Gold Card. 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. Offer ends 3/29/23. Related: These are the cards TPG staff reach for in case of emergency. So, checking. NerdWallet strives to keep its information accurate and up to date. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. This benefit is limited to $1,000 annually. 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. Hilton Honors American Express Aspire Card. This post contains references to products from one or more of our advertisers. These cards, each chosen with a particular type of consumer or purchase in mind, are discussed below. Visit americanexpress.com/benefitsguide for details. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Official application link: Blue Cash Everyday Card from American Express. Do not sell or share my personal information. Good news: AMEX includes Purchase Protection as a benefit on all of its cards shown here. 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. Purchase Protection often covers loss, damage and theft for a short period of time, usually a few months, after purchase. Commissions do not affect our editors' opinions or evaluations. 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. 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.
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