Coverage applies for 90 days after purchasing the item. Terms apply. If your item was stolen, you may need to show American Express a copy of the police report. 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. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 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. Business cards are no exception. Terms apply. 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. The Centurion Card from American Express** and The Business Centurion Card from American Express. The warranty wont cover the damage, and you didnt think youd need AppleCare. Often, you will get a response to your initial claim inquiry within 48 hours. , Gold Card, and Ameriprise Gold Card Members Purchase Protection can also help protect your purchases for up to 120 days* from the date of purchase if the item is stolen, accidentally damaged or lost. Purchase Protection If your eligible item* is either stolen or accidentally damaged up to 90 days after you've bought it, we'll reimburse you up to 2,500. How Much Are Travel Points and Miles Worth in 2023? NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. This card has the brawn to handle just about all of your credit card spending needs without an over-inflated price tag. 1 Terms, conditions and exclusions apply. In addition to stolen and damaged items, AmEx purchase protection also covers items lost within the coverage period. Coverage on the SPG card remains at $1,250 for carry-on baggage and $500 for checked baggage. Compare the cost in points or miles to cash, and see which option is best. Business Green Rewards Card from American Express is no longer available through NerdWallet. Finally, some American Express cards offer purchase protection even when you lose a recently-purchased item. You want a travel credit card that prioritizes whats important to you. To view rates and fees of The Platinum Card from American Express, see this page. Some may have trouble using Uber/food credits. Earning rates: 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and on travel booked through the Ultimate Rewards portal; 3% cash back on dining and drugstores; 1% cash back on all other purchases. Programs: UA 1K 0.9MM, Marriott Gold, HHonors Gold, Hertz PC, SBux Gold, TSA Pre . Let's take a look at the current coverage on The Platinum Card from American Express as an example. $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year. 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. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Amex has you covered in that instance, too. Let's look at how Amex purchase protection works, which AmEx cards feature it and the limitations and exclusions of this coverage. In-built purchase protection is a valuable benefit that comes with some credit cards. Cristina Gibson is a writer and journalist who has covered consumer goods, fashion, technology, and travel for more than 15 years. As always, check your credit cards guide to benefits to see which benefits apply to you. TPGs March 2023 monthly valuations, Cruise giant Carnival goes Texas-size big with new sailings from Galveston. Health care items and/or medical equipment. Purchase Protection can cover the cost of lifes uh-oh moments, so you can be more confident when buying with your Eligible Card. In these cases, Amex will refund the entire purchase price up to $300 per item, excluding shipping and handling charges. We'd love to hear from you, please enter your comments. 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 Damage through altercation or modifications. Who should (and shouldnt) get the Capital One Venture X card? After working as a tax accountant for a decade, JT turned his analytical skills to points, miles and credit cards. Learn more: How to add money-saving AmEx . There are a multitude of purchases that are excluded from purchase protection. Its a good idea to keep damaged items until the claim is complete. Do not sell or share my personal information. Performance information may have changed since the time of publication. In contrast, several premium American Express Cards provide coverage of up to $10,000 per incident, up to $50,000 per card member account per calendar year. Policies are underwritten by AMEX Assurance Company. Negotiable instruments including travelers' checks and gift cards. $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 Although this guide focuses on purchase protection, you should also consider benefits like return protection, price protection and extended warranty. 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. Big spenders should note that the purchase protection on. when you need coverage is essential. The information for the Hilton Aspire Amex card has been collected independently by The Points Guy. How do I Earn Membership Rewards Points? There's a lot to love about the Amex Gold card. 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. Please visit americanexpress.com/benefitsguide for more details. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. How do I find and add Amex Offers to my Card? Plus, AmEx can change the coverage at any time. To provide notice you can call Amex at the following phone number: 1-800-322-1277 or, if from overseas, by calling collect 1-303-273- 6498. As a digital nomad for nearly five years, JT proves through experience that credit card rewards can drastically reduce the cost of travel. Amex purchase protection has been absolutely fantastic for the occasional janky Amazon purchase, particularly marketplace items. 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. Other shopping protections: Extended warranty protection offers one additional year of coverage for items with an original manufacturers warranty of five years or less. Find the right card for you. 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. Here is a list of our partners and here's how we make money. Terms, Conditions and Limitations Apply. 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. These cards, each chosen with a particular type of consumer or purchase in mind, are discussed below. Eligibility and Benefit level varies by Card. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. read full answer Related: Who should (and shouldnt) get the Capital One Venture X card? endstream endobj startxref Related: Everything you need to know about Amex purchase protection. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Purchases must be made in the U.S. or its territories, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. 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. However, there are varying levels of protection. Once youve submitted the necessary supporting documents, American Express will send you an email confirmation stating your documents were received. Earn 4X Membership Rewards Points at Restaurants, plus takeout and delivery in the U.S. Blue Cash Everyday Card from American Express. For example Mastercard offers Purchase Assurance to many Mastercard holders. However, only some credit cards offer purchase protection, and the benefits tend to vary across cards. Underwritten by AMEX Assurance Company.. Amazon marketplace merchant won't accept returns after 30 days. Whether you want to pay less interest or earn more rewards, the right card's out there. Aaron is an avid global traveler and miles and points enthusiast. Like insurance, purchase protection is one of those things that you hope you never have to use. ;*KLjmNT Anything purchased for resale or commercial use. The Ink Cash Card is a great choice if you buy high-value items that are eligible for purchase protection at office supply stores where youll earn 5% cash back until you hit your annual limit. The Forbes Advisor editorial team is independent and objective. Pre-qualified offers are not binding. All Rights Reserved. Delta SkyMiles Platinum Business American Express Card: $15 back per month on U.S . Terms apply. However, this card is so packed with benefits that this coverage doesn't make the card's highlights on the AmEx website. 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. TPG values this bonus at $1,200. Theres nothing easier than buying a gift card at the last minute. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. * Eligibility and benefit levels vary by card. How do I Redeem Membership Rewards Points. An increasing number of brick-and-mortar retailers (from The Home Depot to the Apple Store) will now email you a receipt from the register. Not if you used the right credit card to make the purchase. 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