You want a travel credit card that prioritizes whats important to you. Get more smart money moves straight to your inbox. Delta SkyMiles Reserve Business American Express 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 sure to check each cards individual purchase protection policy before making an expensive purchase on an Amex card. To file a claim with Amex purchase protection, you can do so online or by calling 800-228-6855. Please read important exclusions and restrictions. Purchase Protection is normally not the first benefit that comes to mind when you think of your American Express card perks. FlyerTalk Evangelist. AmEx purchase protection generally covers theft, loss and damage to eligible items within 90 days of purchase. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Not as useful for those living outside the U.S. This benefit acts as a kind of insurance against theft or damage for a period of time after you buy something. Not all purchase protection benefits are created equal. Official application link: Chase Freedom Flex. 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 . Related: Best credit cards with purchase protection. Any purchase that is not in an excluded category and is made with a qualifying American Express card will receive purchase protection. Terms and conditions will apply. Several credit cards may even provide protection if you lose a recently-purchased item. This influences which products we write about and where and how the product appears on a page. 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. Here, you'll need to provide a copy of the purchase receipt and proof of loss. 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. endstream endobj startxref Other American Express business cards offer the standard $1,000. Coverage under the Purchase Protection Program, which covers items broken, stolen, or lost (lost coverage on the Platinum and Centurion cards only) within 90 days of purchase, is up to $10,000 per occurrence on the Platinum card vs. $1,000 on the SPG card. 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. Disclaimer: NerdWallet strives to keep its information accurate and up to date. The Blue Business Plus Credit Card from American Express. Here is a list of our partners and here's how we make money. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Its a good idea to keep damaged items until the claim is complete. We'll run a soft credit check to find special offers, but it wont affect your credit score. 2 points per dollar on flights booked directly with United, dining and hotel stays when booked directly with the hotel; 1 point per dollar on other purchases. 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. This is just one scoring method and a credit card issuer may use another method when considering your application. Juan's passion is helping readers navigate through the complex world of frequent flier miles, credit card rewards points and award travel. Many Amex cards offer purchase protection but coverage limits vary. While extended warranty coverage offers more comprehensive damage protection, purchase protection gives you more protection in case of theft. You can do so online or by calling Amex at 1-800-322-1277. Your next step should be to check the cards benefits guide to determine if your item and its form of damage or loss are eligible. Earn 3X Membership Rewards points on flights booked directly with airlines or on amextravel.com. Indirect or direct damage to an item or property resulting from a covered event. How do I find and add Amex Offers to my Card? Enrollment required. Theres nothing easier than buying a gift card at the last minute. 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. 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. When you purchase an item with a manufacturer's warranty, this benefit can add an extra year to the warranty. 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. However, the purchase protection coverage amounts and limitations vary between AmEx cards. 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.*. has been collected independently by NerdWallet . We may receive compensation when you click on links to those products. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Learn more: How to add money-saving AmEx . Our partners compensate us. After working as a tax accountant for a decade, JT turned his analytical skills to points, miles and credit cards. All American Express cards with extended warranty benefits provide the same amount of coverage. 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*). Marriott Bonvoy Brilliant American Express Card. For a complete description of the policies of your American Express card, select your card on this page. Coverage is limited to the amount charged to your card, up to $10,000 per item and $50,000 per card each calendar year.^. Amex purchase protection has been absolutely fantastic for the occasional janky Amazon purchase, particularly marketplace items. 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. Cash and its equivalent (including, but not limited to, gift cards and gift certificates). Earning rates: 3% cash back 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%) and 1% cash back on other purchases. Check here before booking an award fare. So, you can't claim purchase protection if your baseball bat or hockey stick breaks. These online records helped me file my Amex claims quickly, rather than digging through a shoebox full of paper receipts. Press question mark to learn the rest of the keyboard shortcuts. 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. 995 0 obj <>stream The Forbes Advisor editorial team is independent and objective. Other shopping protections: Extended warranty protection offers an additional year on eligible warranties of three years or less. Shop moreconfidently with your Card knowing we have your back. We may receive compensation when you click on links to those products. Items permanently affixed to a home, office, vehicles, etc. In-built purchase protection is a valuable benefit that comes with some credit cards. Purchase protection can save your skin and protect the items you've purchased if a recently-bought item is damaged or stolen. Hilton Honors American Express Surpass Card. Delta SkyMiles Reserve Business American Express Card. 11. ghedoicy. Each eligible AmEx card is covered for up to $50,000 in claims per year. Are you sure you want to rest your choices? Please review. *Excess of 50 applies. How to File a Return Protection Request 5% cash back on up to $1,500 in categories that rotate quarterly (requires activation), 5% on travel purchased through Chase Ultimate Rewards, 3% on dining and drugstores and 1% on all other purchases. That proof of loss depends on the circumstances. has been a Senior Points and Miles Contributor for TPG since 2012. 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). 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. About the author: Ben Luthi is a former credit card specialist for NerdWallet. Earn 4X Membership Rewards points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). Balance transfer fee applies, see pricing and terms for more details. I confess that I dont save a copy of the register receipt from every purchase I make Im just not that organized. Finally, be diligent, complete and timely when you file your claims. If filing a damaged or stolen item claim, you may be asked to demonstrate a photograph showing the damage to your item. NerdWallet strives to keep its information accurate and up to date. 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. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Business cards are no exception. 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. *, 4 points per dollar at restaurants and at U.S. supermarkets (on up to $25,000 per calendar year, then 1 per dollar); 3 points per dollar on flights booked directly with the airline or purchased through. 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. Our partners cannot pay us to guarantee favorable reviews of their products or services. Terms, Conditions and Limitations Apply. The warranty wont cover the damage, and you didnt think youd need AppleCare. You must file a claim within 90 days of your original purchase through this link or by calling 800-228-6855. Health care items and/or medical equipment. 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. ^Eligibility and benefit levels vary by card. Items not being safeguarded or left at an unlocked location. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, The Guide to AmEx Purchase Protection on Travel Cards. 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. Compare the cost in points or miles to cash, and see which option is best. 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. is no longer available through NerdWallet. 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). 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. You might be using an unsupported or outdated browser. 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. when you need coverage is essential. To be eligible, all you have to do is charge a portion of your qualifying purchase to your American Express card but youll only be reimbursed up to the amount charged to your card. 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. The Centurion Card from American Express and The Business Centurion Card from American Express. Plus, your own feed of TPG content. The Points Guy, Forbes Advisor, AwardWallet, LendingTree. Thankfully, many credit cards offer so-called "purchase protection" that covers theft, damage and loss within a set time after purchase. The card details on this page have not been reviewed or provided by the card issuer. Each eligible AmEx card is covered for up to $50,000 in claims per year. Fortunately, several American Express credit cards are equipped with the handy purchase protection perk. ^ Eligibility and benefit levels vary by card. For example, if you have an American Express card, the chances are that card provides AmEx purchase protection. Items purchased for professional or commercial use such as education, training or skills. Here are our picks for the. Coverage applies for 90 days after purchasing the item. This guide will describe the basics of credit card purchase protection and detail the credit cards that offer the best coverage. The card details on this page have not been reviewed or provided by the card issuer. Our partners compensate us. Join Date: Aug 2009. Visit americanexpress.com/benefitsguide for details. An itemized receipt from the retailer showing the purchase. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Other shopping protections: Extended warranty protection offers one additional year of coverage for items with an original manufacturers warranty of five years or less. Would probably help your claim, Amex should be able to help you out. Compact discs, digital video discs, mini discs, audiotapes and videotapes. Terms, conditions and limitations apply. Recently bought a Pacsafe bag that basically fell apart on the first trip out. 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. Amex has you covered in that instance, too. Objects such as motorized vehicles, artwork, gift cards and perishable items like perfume, food, light bulbs and batteries are all typically ineligible for purchase protection coverage. $10,000 per claim, $50,000 per year for the, Delta SkyMiles Reserve American Express Card. Official application link: Blue Cash Everyday Card from American Express. 2023 American Express. Coverage on the SPG card remains at $1,250 for carry-on baggage and $500 for checked baggage. 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. is a location independent digital nomad who has traveled full time since June 2017. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. 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. , other credit card benefits you might be eligible for. We lost some recently purchased shoes at an Airbnb and despite the cleaning team looking multiple times it was nowhere to be found. Forbes Advisor created additional star ratings so that you can see the best card for specific needs. If you have an item that was damaged or stolen shortly after you purchased it, it can be worth checking the guide to benefits of the card you used to purchase that item to see if a form of purchase protection applies. 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. AmEx purchase protection excludes a long list of types of purchases, including: Antiques, artwork and previously used items. This should be covered under lost item assuming you have the receipt etc. You must file a claim within 30 days of loss through this link or by calling 800-228-6855. These are provided as guidelines only and approval is not guaranteed. Just answer a few questions and we'll narrow the search for you. However, this card doesnt offer extended warranty or return protection. This post contains references to products from one or more of our advertisers. After logging in, click "File a Claim." Go through the online claim process and provide the required information. Like insurance, purchase protection is one of those things that you hope you never have to use. JT Genter is a freelance points, miles and credit card writer formerly of The Points Guy. Consumable or perishable items such as perfume, light bulbs and batteries. I have the Platinum card so would this be covered under lost item protection or would I be SOL? All consumer American Express cards offer purchase protection for eligible purchases. How do I Earn Membership Rewards Points? The purchase must be made in the United States, be in like new condition and the merchant must have previously denied the return. Can You Get a Credit Card Without a Social Security Number? A copy of the claim settlement from your primary insurance company, if applicable. Anything purchased for resale or commercial use. When evaluating offers, please review the financial institutions Terms and Conditions. However, this card is so packed with benefits that this coverage doesn't make the card's highlights on the AmEx website. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. This benefit offers cardholders compensation when a store will not accept an eligible item for return within 90 days of purchase. Policies are underwritten by AMEX Assurance Company. 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.
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