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Negotiable instruments, such as stamps and travelers' checks. Purchase protection will reimburse you for theft, loss or accidental damage to eligible items that occurred within 90 days of purchase. $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. TPG values this bonus at $1,388. War, acts of war or service in the military. Many popular rewards credit cards come with generous welcome offers and useful benefits to attract consumers. You might be using an unsupported or outdated browser. 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. Here is a list of our partners and here's how we make money. Items that are rented, leased or borrowed. This site does not include all credit card companies or all available credit card offers. How To Find The Cheapest Travel Insurance. Check here before booking an award fare. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Terms apply. 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. This coverage is complimentary on most AmEx cards including some debit,. Welcome bonus: Earn $900 cash back after you spend $6,000 on purchases in the first three months of account opening. 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. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Please review. Here's a look at how purchase protection programs work. Do not sell or share my personal information. Learn more: The best credit cards for travel insurance benefits. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. You may need to submit a police report for stolen items and a repair estimate or photos for damaged items during the claim process. FlyerTalk Evangelist. This information may be different than what you see when you visit a financial institution, service provider or specific products site. 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. This card has the brawn to handle just about all of your credit card spending needs without an over-inflated price tag. Although this guide focuses on purchase protection, you should also consider benefits like return protection, price protection and extended warranty. 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. 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. Delta SkyMiles Reserve Business American Express Card. Notably, American Express prepaid debit cards do not come with this benefit. The coverage maximum with most American . Recently bought a Pacsafe bag that basically fell apart on the first trip out. The claim was quickly accepted, and I was issued a statement credit for my purchase. If an eligible item is lost, accidentally broken, or stolen within 90 days of the purchase date, Amex may reimburse its value. Please read important exclusions and restrictions. Juan is a travel writer that specializes in travel and personal finance, including content on credit card products and airline and hotel loyalty programs. There are credit cards offering purchase protection that aren't included in this list. Amex's extended warranty perk applies to warranties of five years or less. Chase, for example, offers purchase protection for up to 120 days on the Chase Freedom Unlimited, Chase Freedom Flex* and Chase Sapphire Preferred Card and Chase Sapphire Reserve. Related: Your complete guide to shopping protections on American Express cards. Eligibility and Benefit level varies by Card. is no longer available through NerdWallet. Amex has you covered in that instance, too. In-built purchase protection is a valuable benefit that comes with some credit cards. * These cards include: The Platinum Card from American Express. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. By Cristina Gibson | American ExpressCredit IntelFreelance Contributor. Reply FitYNABer Additional comment actions AMEX Purchase Protection is AWESOME! The Blue Business Plus Credit Card from American Express. You must file a claim within 90 days of your original purchase through this link or by calling 800-228-6855. This card shines for this use, but overall the star ratings may differ when compared to other cards. The following are ineligible for coverage: Also excluded is loss or damage due to any of the following reasons: Additionally, the maximum protection related to a natural disaster is $500. 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. Related: The best credit cards with price protection. Also, if it was gone 30 minutes later, it was stolen. 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. From broken laptops and phones to delivered packages nabbed from the front porch, when you make a Covered Eligible Purchase with your Eligible American Express Card, you can rest easy knowing that you may be protected up to $1,000 per incident (for some Cards you may be protected up to $10,000 per incident) when the unexpected strikes. Visit americanexpress.com/benefitsguide for details. Worry less. Maximum coverage per account for purchase protection: $50,000. You must file a claim within 30 days of loss through this link or by calling 800-228-6855. 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. Instead, check the benefits guide to see the card's purchase protection coverage. First, you have to have the right card. 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. update? If you have multiple American Express cards with varying coverage limits, make sure that your large purchases are made on your cards with the largest coverage limits. Eligible AmEx cardmembers can still file a purchase protection claim for a covered loss even if you've redeemed Membership Rewards points for all or part of that purchase including Pay With Points redemptions. Delta SkyMiles Gold Business American Express Card. These are provided as guidelines only and approval is not guaranteed. Big spenders should note that the purchase protection on The Platinum Card from American Express only covers up to $10,000 per covered purchase. Delta SkyMiles Blue American Express Card. And you'll usually be required to file a police report if you are claiming it as stolen. So, you can't claim purchase protection if your baseball bat or hockey stick breaks. Earn 4X Membership Rewards points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). Pre-qualified offers are not binding. Items purchased for professional or commercial use such as education, training or skills. Reddit and its partners use cookies and similar technologies to provide you with a better experience. If filing a damaged or stolen item claim, you may be asked to demonstrate a photograph showing the damage to your item. 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. 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. 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. Make sure to file a claim within 30 days of the incident - or as soon as reasonably possible. Purchases must be made in the U.S. or its territories, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. $10,000 per claim, $50,000 per year for the American Express Gold Card, The Platinum Card from American Express and Delta SkyMiles Reserve . See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. American Express also has a range of versatile credit cards with competitive interest rates and benefits such as travel insurance, cashback, extended warranty and more! This compensation comes from two main sources. Related: Your guide to the Chase Ink Business credit cards. You'll notice that nearly all AMEX cards offer this benefit, so chances are you're already covered. ;*KLjmNT How do I Redeem Membership Rewards Points. The claim should be provided within thirty (30) days of the loss or as soon as reasonably possible. In addition to stolen and damaged items, AmEx purchase protection also covers items lost within the coverage period. 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. 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. To file a claim with Amex purchase protection, you can do so online or by calling 800-228-6855. Card issuers strive to set their products apart from the competition by offering incentives like welcome bonuses, but sometimes the less-flashy benefits can be even more valuable. As with any insurance policy, the devil is always in the details. Underwritten by AMEX Assurance Company. What You Should Know About Foreign Transaction Fees. Delta SkyMiles Platinum Business American Express Card. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Its smart technology that helps us make sure its really you when shopping online. The information for the Amex Green Card has been collected independently by The Points Guy. Pre-qualified offers are not binding. When considering which card to use for your next big purchase, dont forget about the purchase protection coverage perk on your American Express cards. Credit cards vary in the amount and duration of coverage provided, so make sure to read the terms and conditions. Items not being safeguarded or left at an unlocked location. From porch pirates to Murphy's law, a lot can go awry between the time you buy an item and make use of that purchase. Finders keepers is not really a thing. 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. NerdWallet strives to keep its information accurate and up to date. The card details on this page have not been reviewed or provided by the card issuer. 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. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Be ready to provide an itemized online receipt or original store receipt of the item as you will need it to receive claim consideration. Delta SkyMiles Reserve Business American Express Card. Call the number on the back of your card if you have any questions regarding eligibility, the documentation needed or the process required to file a claim. 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. Plus, not all damage and losses are covered. Fortunately, several American Express credit cards are equipped with the handy purchase protection perk. Nonetheless, this useful benefit can save you hundreds (maybe thousands) if you have the misfortune of theft or damage on a covered purchased item within 90 days of purchasing the item. AmEx makes it easy to file a purchase protection claim on its website. 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. 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. Ben Luthi is a former credit card specialist for NerdWallet. All policies have a maximum limit of $50,000 in claims per calendar year. Check the details of your card's coverage to see if your incident is covered. New comments cannot be posted and votes cannot be cast. 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. Return Protection1 Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. 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. Her focus at TPG is points, miles, loyalty and credit cards. Select the Card below to read the full terms and conditions for Return Protection related to that Card. Business Green Rewards Card from American Express is no longer available through NerdWallet. Platinum. Let's look at how Amex purchase protection works, which AmEx cards feature it and the limitations and exclusions of this coverage. The material made available for you on this website, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. Improve earnings, maximize rewards and track progress toward dream trips. Before making a significant purchase, know the benefits of each card you could use for the purchase. The card details on this page have not been reviewed or provided by the card issuer. The card has an annual fee of $0, yet comes with a pumped-up earnings structure that covers a wide swath of expenses including travel, drugstores and dining plus rotating quarterly bonus categories in areas many households are likely to find appealing. 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. Related: Why I switched from the Chase Freedom to the Chase Freedom Flex. For example, the Blue Cash Everyday Card from American Express and Amex EveryDay Credit Card* credit cards carry up to $1,000 coverage per incident, up to $50,000 per card member account per calendar year (Terms apply.). If an item is stolen, file a police report immediately. The Points Guy, Forbes Advisor, AwardWallet, LendingTree. Our opinions are our own. Click "file a claim" and select the card for which you're filing a claim, enter your date of purchase and click "continue.". Welcome bonus: Earn $200 cash back after spending $500 on purchases in your first three months of account opening. Each eligible AmEx card is covered for up to $50,000 in claims per year. While extended warranty coverage offers more comprehensive damage protection, purchase protection gives you more protection in case of theft. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. However, this does not influence our evaluations. 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. 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. Claims usually require original receipts and the credit card statement related to the purchase. Business fixtures including air conditioners, refrigerators and heaters. You must file a claim within 30 days of your covered loss and you can do so online or by calling 800-228-6855. Terms apply. Quote: Originally Posted by JeffD. Enrollment required. The extended warranty period is an additional year and is limited to covering the actual purchase amount paid for with your card. Often, you will get a response to your initial claim inquiry within 48 hours. Some may have trouble using Uber/food credits. To start the process, log into your AmEx account and go to the claims center page. This influences which products we write about and where and how the product appears on a page. However, this card doesnt offer extended warranty or return protection. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Official application link: Chase Freedom Flex. AmEx purchase protection generally covers theft, loss and damage to eligible items within 90 days of purchase. Purchase Protection can cover the cost of lifes uh-oh moments, so you can be more confident when buying with your Eligible Card. 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. Please visit americanexpress.com/benefitsguide for more details. Amex purchase protection has been absolutely fantastic for the occasional janky Amazon purchase, particularly marketplace items. Terms, conditions and limitations apply. As a digital nomad for nearly five years, JT proves through experience that credit card rewards can drastically reduce the cost of travel. I started a claim on Feb 11 and Uploaded the Claim Form and Store receipt on Feb 13. 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. Related: Everything you need to know about Amex purchase protection. 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. Policies are underwritten by AMEX Assurance Company. And Visa offers Purchase Security to Visa Infinite cardmembers. How do I Earn Membership Rewards Points? A variable APR of 19.49%28.24% applies thereafter. Terms apply. 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. Purchases must be made in the U.S. or its territories1. Find out here how we keep you up to date. Join Date: Aug 2009. 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. Editorial Note: We earn a commission from partner links on Forbes Advisor. He published over 2,000 articles on The Points Guy before becoming a freelance writer. Find the right card for you. Since youll earn at least 2 Capital One miles per dollar spent on all purchases and also get extended warranty protection and return protection, this card is an excellent choice for shopping. All financial products, shopping products and services are presented without warranty. Maximum coverage per purchase protection claim: $10,000 per item ($500 per event related to a natural disaster). Disclaimer: NerdWallet strives to keep its information accurate and up to date. There are a multitude of purchases that are excluded from purchase protection. Eligibility and Benefit level varies by Card. Only two American Express business cards, the Delta SkyMiles Reserve Business American Express Card and The Business Platinum Card from American Express, elevate coverage to $10,000. The purchase must be made in the United States, be in like new condition and the merchant must have previously denied the return. Good news: AMEX includes Purchase Protection as a benefit on all of its cards shown here. You need to typically provide documentation (receipts) and sometimes proof such as a police report. Remember that only purchases made with your eligible American Express card and only the amount charged to your card are eligible for purchase protection. 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. Finally, some American Express cards offer purchase protection even when you lose a recently-purchased item. 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. Check your benefits guide for complete details. Which cards have AmEx purchase protection, How to file an AmEx purchase protection claim, AmEx personal cards with purchase protection, Blue Cash Preferred Card from American Express, The Amex EveryDay Preferred Credit Card from American Express, Hilton Honors American Express Surpass Card, Hilton Honors American Express Aspire Card, Marriott Bonvoy Brilliant American Express Card, Delta SkyMiles Reserve American Express Card, Delta SkyMiles Platinum American Express Card, Delta SkyMiles Gold American Express Card, Delta SkyMiles Blue American Express Card, AmEx small business cards with purchase protection, The Business Platinum Card from American Express, The Blue Business Plus Credit Card from American Express, Business Green Rewards Card from American Express, Delta SkyMiles Platinum Business American Express Card, Delta SkyMiles Reserve Business American Express Card, Delta SkyMiles Gold Business American Express Card, The Hilton Honors American Express Business Card, Marriott Bonvoy Business American Express Card, However, the purchase protection coverage amounts and limitations vary between AmEx cards. Purchase Protection often covers loss, damage and theft for a short period of time, usually a few months, after purchase. When evaluating offers, please review the financial institutions Terms and Conditions. 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. The Ink Business Cash Credit Card offers up to $10,000 per claim in purchase protection on a card with no annual fee. You can do so online or by calling Amex at 1-800-322-1277. You would only be reimbursed up to the amount charged on the card. Past performance is not indicative of future results. Youll be asked for a copy of the receipt and your Amex purchase record. Coverage applies for 90 days after purchasing the item. pAxTu:E4 VB8H_ fUsF4A~ScD_ ^8v8_]gw`\7f(g~5"ip JI. Terms apply. In this case, you must purchase an item thats eligible for coverage and the loss cant be due to an excluded reason. $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 Dozens of cards offer this benefit. 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. 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 Here, you'll need to provide a copy of the purchase receipt and proof of loss. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). So you finally splurged for an Apple Watch and broke it a week later. Yes, cardmembers of the American Express Gold Card are covered by AmEx's purchase protection coverage. Beyond that, I think its prudent to factor these protections into your decision of which card to use whenever you make a large purchase. I want to file a purchase protect claim with Amex, but everything I see says the 90 days runs from the date of purchase, not the date of delivery. All Credit Intelcontent is written by freelance authors and commissioned and paid for by American Express. Depending on the credit card, the coverage amount and the duration of the protection may differ. American Express purchase protection works by covering the damage or theft of eligible purchases for up to 90 days after the purchase date. Editors note: This is a recurring post, regularly updated with new information. 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. 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. *Eligibility and Benefit level varies by Card. Thankfully, its really easy to search my email inbox to find receipts for everything Ive bought online. 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.