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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. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Editors note: This is a recurring post, regularly updated with new information. How Much Are Travel Points and Miles Worth in 2023? 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. Purchases must be made in the U.S. or its territories1. Earn 3X Membership Rewards points on flights booked directly with airlines or on amextravel.com. Purchase Protection is amazing (Plat) Had a great experience with Amex Purchase Protection on the Plat. 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. Please try again later. 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. Though the majority of cards within the American Express portfolio carry purchase protection as a perk, you wont get the same level of coverage from all credit cards. The purchase must be made in the United States, be in like new condition and the merchant must have previously denied the return. 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. 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. 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. As with any insurance policy, the devil is always in the details. You will be asked certain questions about your claim at that time. More information can be found here. Coverage is limited to the amount charged to your card, up to $10,000 per item and $50,000 per card each calendar year.^. Eligibility and Benefit level varies by Card. hbbd``b`@/P k ";d100O@ T9 3 However, this does not influence our evaluations. You will be asked for a copy of the receipt, your Amex purchase record and the original warranty. There are credit cards offering purchase protection that aren't included in this list. You'll notice that nearly all AMEX cards offer this benefit, so chances are you're already covered. 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. 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). In-built purchase protection is a valuable benefit that comes with some credit cards. 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. Purchase Protection: Which Credit Cards Cover Your Belongings update? Our points-obsessed staff uses a plethora of credit cards on a daily basis. Not all purchase protection benefits are created equal. All consumer American Express cards offer purchase protection for eligible purchases. Check the. If your claim is successful, the credit card company will choose to replace, repair or reimburse you for the lost or damaged item. It's important to understand that if you simply lose an item, as opposed to it being stolen, it might not be covered. In this case, you must purchase an item thats eligible for coverage and the loss cant be due to an excluded reason. Although this is an oft-overlooked benefit, purchase protection can provide exceptional value. Extended Warranty benefits extend your manufacturers warranty coverage, often by as much as a year. Welcome bonus: Earn $200 cash back after spending $500 on purchases in your first three months of account opening. Return Protection1 0% intro APR for 15 months from account opening on purchases and balance transfers. 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 levels vary by card. 2023 American Express. Press question mark to learn the rest of the keyboard shortcuts. Let's take a look at the current coverage on The Platinum Card from American Express as an example. Its a good idea to keep damaged items until the claim is complete. How do I Earn Membership Rewards Points? Not as useful for those living outside the U.S. 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. The Blue Business Plus Credit Card from American Express. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. and U.S. supermarkets. First, you have to have the right card. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Official application link: Blue Cash Everyday Card from American Express. Items damaged by natural disasters are subject to different terms and limits notated in each cards terms and conditions. Terms, conditions and limitations apply. Terms apply. Items purchased for resale, professional or commercial use. 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. Can You Buy Gift Cards with a Credit Card? *Benefits may vary by issuer. American Express Platinum Lost Card - WalletHub Disclaimer: NerdWallet strives to keep its information accurate and up to date. These are provided as guidelines only and approval is not guaranteed. Negotiable instruments including travelers' checks and gift cards. Shopping Protection | Purchase Protection Plan | Amex CA Let's take a look at the current coverage on, holders are covered for up to 90 days from the date of a covered purchase of an eligible item. All financial products, shopping products and services are presented without warranty. Eligibility and Benefit level varies by Card. Visit americanexpress.com/benefitsguide for details. 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. Claims can be made online or by giving American Express a call at 1-800-322-1277. Let's look at how Amex purchase protection works, which AmEx cards feature it and the limitations and exclusions of this coverage. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. Items not being safeguarded or left at an unlocked location. Often, you will get a response to your initial claim inquiry within 48 hours. American Express consumer cards all offer purchase protections for eligible purchases for 90 days from the date of purchase to file a claim. Be sure to check your cardholder agreement for your specific benefits. Covered Eligible Purchases are items bought with your Eligible Card and are covered for the first 90 days after the day of purchase. Earn 100,000 Bonus Miles after spending $6,000 in purchases on your new Card in your first 3 months. Related: Why I switched from the Chase Freedom to the Chase Freedom Flex. Terms, conditions and limitations apply. 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. A copy of your primary insurance declaration page, if applicable. There's a lot to love about the Amex Gold card. , 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. AmEx Purchase Protection: What You Need to Know - NerdWallet The Amex EveryDay Preferred Credit Card from American Express is no longer available through NerdWallet. From broken laptops and phones to delivered packages nabbed from the front porch, when you make a Covered Eligible Purchase with your Eligible, 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. Tip: Use WalletFlo for all your credit card needs. All American Express cards with extended warranty benefits provide the same amount of coverage. Official application link: Ink Business Cash Credit Card. Explore our Cards Terms and Conditions We'd love to hear from you, please enter your comments. 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. Many other issuers offer some form of damage against loss or theft for eligible items purchased with the card. This information may be different than what you see when you visit a financial institution, service provider or specific products site. The material made available for you on this website, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. 961 0 obj <> endobj The card doesnt offer price protection or return protection, though. Earn a $200 bonus after spending $500 on purchases in your first 3 months from account opening. This post contains references to products from one or more of our advertisers. Visit americanexpress.com/benefitsguide for details. Plus, your own feed of TPG content. The Capital One Venture X Rewards Credit Card is an excellent everyday spending card. has been collected independently by NerdWallet . If an eligible item is lost, accidentally broken, or stolen within 90 days of the purchase date, Amex may reimburse its value. The information for the Hilton Aspire Amex card has been collected independently by The Points Guy. 2023 Forbes Media LLC. *Eligibility and benefit levels vary by card. Each category has certain conditions attached to it. This benefit acts as a kind of insurance against theft or damage for a period of time after you buy something. same thing happened to me, left a small bag under front seat. That proof of loss depends on the circumstances. Terms apply. Finally, be diligent, complete and timely when you file your claims. You want a travel credit card that prioritizes whats important to you. To be eligible, all you have to do is charge a portion of your qualifying purchase to your American Express card but you'll only be reimbursed up to the amount charged to your card. Editors note: This is a recurring post, regularly updated with new information. 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. Be ready to provide an itemized online receipt or original store receipt of the item as you will need it to receive claim consideration. when you need coverage is essential. Forbes Advisor created additional star ratings so that you can see the best card for specific needs. has been a Senior Points and Miles Contributor for TPG since 2012. 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. Maximum coverage per purchase protection claim: $10,000. ^ Eligibility and benefit levels vary by card. This card shines for this use, but overall the star ratings may differ when compared to other cards. Purchase protection saved us $1,700 a reader success story, These are the cards TPG staff reach for in case of emergency, Delta SkyMiles Reserve American Express Card, Delta SkyMiles Reserve Business American Express Card, Hilton Honors American Express Aspire Card, Marriott Bonvoy Brilliant American Express Card, The 5 Amex cards were keeping in our wallets and why, Do Not Sell or Share My Personal Information, $10,000 per item (or $500 per event for natural disasters). EgnS+JoYlUR fbcv,R38{TA\ =e`%! Underwritten by AMEX Assurance Company. Guide To American Express Purchase Protection | Bankrate Juan's passion is helping readers navigate through the complex world of frequent flier miles, credit card rewards points and award travel. 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. There are important terms to follow for this benefit, such as the length of time from the purchase date for which coverage is offered, how to submit claims and even the maximum coverage amount provided by your credit card. Authorized users are also covered, as . We believe everyone should be able to make financial decisions with confidence. 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. Related: These are the cards TPG staff reach for in case of emergency. Delta SkyMiles Reserve Business American Express Card. Visit americanexpress.com/benefitsguide for details. American Express removed this perk from most of its cards effective at the start of 2020. Can You Get a Credit Card Without a Social Security Number? Amex has you covered in that instance, too. Terms apply. I started a claim on Feb 11 and Uploaded the Claim Form and Store receipt on Feb 13. Other shopping protections: Extended warranty protection offers one additional year of coverage for items with an original manufacturers warranty of five years or less. Amex purchase protection has been absolutely fantastic for the occasional janky Amazon purchase, particularly marketplace items. PDF Return Protection - American Express However, this does not influence our evaluations. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. As a digital nomad for nearly five years, JT proves through experience that credit card rewards can drastically reduce the cost of travel. The Forbes Advisor editorial team is independent and objective. Just answer a few questions and we'll narrow the search for you. A variable APR of 19.49%28.24% applies thereafter. Policies are underwritten by AMEX Assurance Company. Performance information may have changed since the time of publication. See the respective Guide to Benefits for details, as terms and exclusions apply. 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. Failing that, I also can search my order history at Amazon, eBay and other online retailers I use. However, this card is so packed with benefits that this coverage doesn't make the card's highlights on the AmEx website. From bedroom furniture to clothing and cellular phones to handbags, purchase protection can be a worthwhile benefitparticularly for high-priced items. Sometimes called damage protection, purchase protection ensures goods against theft or accidental damage for a limited time. %PDF-1.6 % In addition to stolen and damaged items, AmEx purchase protection also covers items lost within the coverage period. Visit americanexpress.com/benefitsguide for details. To be eligible, you must pay for the entire cost of the item with your eligible American Express card, and purchases must be made in the U.S. or U.S. territories.^. Maximum coverage per purchase protection claim: $10,000 per item ($500 per event related to a natural disaster). Items purchased for professional or commercial use such as education, training or skills. Check here before booking an award fare. Official application link: Chase Freedom Flex. TPGs March 2023 monthly valuations, Cruise giant Carnival goes Texas-size big with new sailings from Galveston. Do not sell or share my personal information. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. 4. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Coverage on the SPG card remains at $1,250 for carry-on baggage and $500 for checked baggage. Press J to jump to the feed. Like insurance, purchase protection is one of those things that you hope you never have to use. So, checking the terms for your AmEx card when you need coverage is essential. If an item is stolen, file a police report immediately. A Step-by-Step Guide to Filing a Return Protection Claim With Amex Be the first to know if we spot anything odd or unusual on your account, thanks to our account and fraud alerts. AmEx purchase protection covers lost, stolen or damaged items within the first 90 days after purchase. Purchase Protection Question : r/amex - Reddit Motorized vehicles, their parts and accessories as well as those parts and accessories intended for use with the motorized vehicles. NerdWallet strives to keep its information accurate and up to date. 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. Finally, its not that hard to snap a photo of a receipt and retain it in your smartphones cloud storage archive for many years. PSA: Never ever ever put anything in the seat pocket of an airplane. Maximum coverage per account for purchase protection: $50,000 per card per calendar year. Coverage can vary based on your state of residence, though, and bonus categories sometimes have caps. Many Amex cards offer purchase protection but coverage limits vary. If filing a damaged or stolen item claim, you may be asked to demonstrate a photograph showing the damage to your item. Purchase Protection Protect your shopping Enjoy stress-free shopping when you use your American Express Card, with 90-day Purchase Protection. If your item is stolen or damaged within 90 days of purchase, this policy can replace, repair or reimburse you up to $10,000 per claim or $50,000 maximum per year. 3 yr. ago. If submitting a claim by phone, you will be asked certain questions about your claim. Personal cards with purchase protections from AmEx include: The Platinum Card from American Express. diamondsaremadeunder 3 yr. ago. 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. Welcome bonus: Earn 75,000 bonus miles when you spend $4,000 on purchases in the first three months from account opening. Earn 60,000 Membership Rewards points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership. 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 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. Enrollment required. American Express Purchase Protection: Everything You Need To Know 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. We may receive compensation when you click on links to those products. AmEx Return Protection: What to Know - NerdWallet Policies are underwritten by AMEX Assurance Company. Anything purchased for resale or commercial use. Hilton Honors American Express Surpass Card. 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. If you purchase a high-end $2,500 laptop, you should charge it to your premium card with a $10,000 per incident limit rather than a card with a $1,000 per incident coverage limit. Please visit americanexpress.com/benefitsguide for more details. 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. Get more smart money moves straight to your inbox. Earning rates: 10 miles per dollar spent on hotels and rental cars booked through Capital One Travel; 5 miles per dollar spent on flights booked through Capital One Travel; 2 miles per dollar spent on all other purchases. You must file a claim within 90 days of your original purchase through this link or by calling 800-228-6855. *Excess of 50 applies. For full Terms and Conditions, see www.americanexpress.com/PPterms. Check here before booking an award fare. 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. Programs: UA 1K 0.9MM, Marriott Gold, HHonors Gold, Hertz PC, SBux Gold, TSA Pre . Good news: AMEX includes Purchase Protection as a benefit on all of its cards shown here. One-of-a-kind items, such as rare stamps and coins. When considering which card to use for your next big purchase, dont forget about the purchase protection coverage perk on your American Express cards. Terms apply to the offers listed on this page. Here are the full conditions for the purchase protection: Download (PDF, 815KB) The item covered under this claim was very cheap, $42.27 for the swimwear but as long as it's covered there is no reason not to file a claim for this item. You will need to provide American Express with the original store receipt or a printout of an online receipt. 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. However, not all purchases and losses are covered by AmEx purchase protection. The extended warranty period is an additional year and is limited to covering the actual purchase amount paid for with your card. Youre out of luck, right? Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. *Eligibility and Benefit level varies by Card. Pre-qualified offers are not binding. This benefit covers eligible items purchased with an eligible American Express card against damage or theft. While extended warranty coverage offers more comprehensive damage protection, purchase protection gives you more protection in case of theft. Dozens of cards offer this benefit. 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. How do I Redeem Membership Rewards Points. Business Green Rewards Card from American Express. Related: Amex credit card showdown: Blue Cash Preferred vs. Blue Cash Everyday. Pre-qualified offers are not binding. has been collected independently by NerdWallet. There are more than a dozen personal cards that offer $10,000 in purchase protection coverage per item. Recently bought a Pacsafe bag that basically fell apart on the first trip out. Negotiable instruments, such as stamps and travelers' checks. American Express processes claims more quickly than some other issuers. We believe everyone should be able to make financial decisions with confidence. Health care items and/or medical equipment. 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. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. So, you can't claim purchase protection if your baseball bat or hockey stick breaks. 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). Each eligible AmEx card is covered for up to $50,000 in claims per year. Pre-qualified offers are not binding. Other shopping protections: Extended warranty protection offers an additional year on eligible warranties of three years or less. Note that purchase protection is different from price protection and extended warranty coverage, other credit card benefits you might be eligible for. Additionally, purchase protection benefits are not payable on eligible items if the damage is caused by riots, acts of war or service in the military, normal wear and tear or damage through alteration. The best credit cards for purchase protection - The Points Guy It seemed like a good idea at the time, but once I received it and had a chance to install it, I realized that it scared my daughter and seemed too dangerous to me as well. $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 Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. Maximum coverage per account for purchase protection: $50,000.