Big spenders should note that the purchase protection on The Platinum Card from American Express only covers up to $10,000 per covered purchase. Several credit cards may even provide protection if you lose a recently-purchased item. Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. The following items are excluded from this policy: See the entire return protection policy for your card here. Marriott Bonvoy Business American Express Card. This card has the brawn to handle just about all of your credit card spending needs without an over-inflated price tag. If you have questions, please consult your own professional legal, tax and financial advisors. All rights reserved, How American Express Purchase Protection Works, Purchase Protection can cover the cost of lifes uh-oh moments, so you can be more confident when buying with your Eligible Card. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. All information about Amex EveryDay Credit Card has been collected independently by NerdWallet . A copy of your primary insurance declaration page, if applicable. All you need to do to get this coverage is to use your eligible AmEx card to make a covered purchase of a tangible item. Amex Platinum Lost Item Purchase Protection Question : r/amex - reddit Be the first to know if we spot anything odd or unusual on your account, thanks to our account and fraud alerts. Any other documentation needed to substantiate your claim. We'll run a soft credit check to find special offers, but it wont affect your credit score. All policies have a maximum limit of $50,000 in claims per calendar year. Here is a list of our partners and here's how we make money. Here is a list of our partners and here's how we make money. You can also mail them at: Purchase Protection Claims Unit, PO Box 981553 El Paso TX 79998- 9920. Credit ranges are a variation of FICO Score 8, one of many types of credit scores lenders may use when considering your credit card application. 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. 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. Please view our advertising policy page for more information. The best credit cards for purchase protection - The Points Guy Consumable or perishable items such as perfume, light bulbs and batteries. This benefit acts as a kind of insurance against theft or damage for a period of time after you buy something. The claim should be provided within thirty (30) days of the loss or as soon as reasonably possible. 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. It appears that JavaScript is either disabled or not supported by your web browser. Our points-obsessed staff uses a plethora of credit cards on a daily basis. 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. Related: Amex credit card showdown: Blue Cash Preferred vs. Blue Cash Everyday. The Forbes Advisor editorial team is independent and objective. Terms, Conditions and Limitations Apply. In addition to stolen and damaged items, AmEx purchase protection also covers items lost within the coverage period. Recently bought a Pacsafe bag that basically fell apart on the first trip out. Items permanently affixed to a home, office, vehicles, etc. The card details on this page have not been reviewed or provided by the card issuer. and U.S. supermarkets. TPG values this bonus at $1,200. The Hilton Honors American Express Business Card. Create an account to follow your favorite communities and start taking part in conversations. Other business cards only offer coverage for damaged or stolen items on purchase protection claims. Best card for premium perks while traveling, Capital One Venture X Rewards Credit Card, The Business Platinum Card from American Express, Disney Cruise Lines Castaway Club loyalty program: Everything you need to know, 21 new Hyatt hotels where you can get 500 extra points per night, My first cruise to the Galapagos: The good, the bad and the absolutely adorable. 4. However, not all purchases and losses are covered by AmEx purchase protection. And be aware of excluded purchases, too. Amazon marketplace merchant won't accept returns after 30 days. Shopping Protection | American Express US Return Protection1 However, this card doesnt offer extended warranty or return protection. Marriott Bonvoy Brilliant 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. If You have any questions about a specific item, please call us at 1-800-228-6855, if international, collect at 1-303-273-6498. this adds to already-existing purchase protection and extended warranty . 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*). 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. Many or all of the products featured here are from our partners who compensate us. The card doesnt offer price protection or return protection, though. Blue Cash Everyday Card from American Express. Related: The best credit cards with price protection. This coverage is complimentary on most AmEx cards including some debit, prepaid and reloadable AmEx cards. Juan's passion is helping readers navigate through the complex world of frequent flier miles, credit card rewards points and award travel. Maximum coverage per purchase protection claim: $500. If an eligible item is lost, accidentally broken, or stolen within 90 days of the purchase date, Amex may reimburse its value. Products covered by an unconditional satisfaction guarantee. Can I file an AmEx purchase protection claim if I redeemed points? As stated, Notice of Claim should be provided to Amex within 30 days of the incident. $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. Terms apply. Lost/stolen iPad- will purchase protection cover it? If you claim an item was stolen you will need a police report. Related: Best credit cards for extended warranties. 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. From bedroom furniture to clothing and cellular phones to handbags, purchase protection can be a worthwhile benefitparticularly for high-priced items. This coverage is complimentary on most AmEx cards including some debit,. And Visa offers Purchase Security to Visa Infinite cardmembers. 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. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. You will be asked for a copy of the receipt, your Amex purchase record and the original warranty. How to file a purchase protection claim with Amex. Many Amex cards offer purchase protection but coverage limits vary. Amex will reimburse you up to a maximum of $1,000 per card member account per calendar year based on the date of purchase. A Step-by-Step Guide to Filing a Return Protection Claim With Amex It's been a fan favorite during the pandemic because of its fantastic rewards rate on restaurants (that includes takeout and delivery in the U.S.!) Shop safe withSafeKey. Simply losing or misplacing the purchase (although the policies for the Delta Reserve, Delta Reserve Business, Hilton Aspire and all consumer versions of the Amex Platinum Card do cover lost or misplaced items). Official application link: American Express Gold Card. 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. Just answer a few questions and we'll narrow the search for you. You need to typically provide documentation (receipts) and sometimes proof such as a police report. Related: Battle of the premium travel rewards cards which is best for you? 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. More information can be found, American Express makes it easy you can file your claim. 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. The Centurion Card from American Express and The Business Centurion Card from American Express. 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. So, you can't claim purchase protection if your baseball bat or hockey stick breaks. 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. Be sure to check each cards individual purchase protection policy before making an expensive purchase on an Amex card. Terms, conditions and limitations apply. For full Terms and Conditions, see www.americanexpress.com/PPterms. Terms, conditions and limitations apply. Related: Your guide to the Chase Ink Business credit cards. I was not asked to return the items in question in either case. NerdWallet strives to keep its information accurate and up to date. Be ready to provide an itemized online receipt or original store receipt of the item as you will need it to receive claim consideration. Many other issuers offer some form of damage against loss or theft for eligible items purchased with the card. Purchase Protection is normally not the first benefit that comes to mind when you think of your American Express card perks. Not lost, you know where you left it, and someone took it knowing it did not belong to them. The purchase must be made in the United States, be in like new condition and the merchant must have previously denied the return. One-of-a-kind items, such as rare stamps and coins. However, there are varying levels of protection. Are you sure you want to rest your choices? Related: Who should (and shouldnt) get the Capital One Venture X card? Terms apply. As with any insurance or coverage product, AmEx purchase protection comes with limitations and exclusions. 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. Terms, Conditions and Limitations Apply. 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. 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. This benefit covers eligible items purchased with an eligible American Express card against damage or theft. Terms apply. Purchase protection will reimburse you for theft, loss or accidental damage to eligible items that occurred within 90 days of purchase. Underwritten by AMEX Assurance Company.. Note that purchase protection is different from. You must provide an original store receipt (or a printout of an online receipt). Here are some tips to help you navigate this growing trend. Please visit americanexpress.com/benefitsguide for more details. The card details on this page have not been reviewed or provided by the card issuer. Official application link: Blue Cash Everyday Card from American Express. Submitted a claim and it was approved the next day. Welcome bonus: Earn a $200 statement credit after you spend $2,000 in purchases on your new card within the first six months of card membership. Go to the Amex extended warranty claims webpage to file online. Have you considered how much it will cost to use credit card while traveling abroad? Related: Best credit cards with purchase protection. Depending on the credit card, the coverage amount and the duration of the protection may differ. 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. In this post, Ill look at the three different shopping protection policies offered by many American Express cards and explain how you can leverage these benefits to save money. Authorized users are also covered, as long as theyre U.S. residents. its said 10 business but its already past. 995 0 obj <>stream Remember that only purchases made with your eligible American Express card and only the amount charged to your card are eligible for purchase protection. As with any insurance policy, the devil is always in the details. bought the Airpods Max and ended up loosing them on my flight, I put them in the seat pocket in front of me during the meal and completely forgot that they were in there. AmEx makes it easy to file a purchase protection claim on its website. If an eligible item is lost, accidentally broken, or stolen within 90 days of the purchase date, Amex may reimburse its value. 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. Can You Buy Gift Cards with a Credit Card? This benefit is limited to $1,000 annually. When you purchase an item with a manufacturer's warranty, this benefit can add an extra year to the warranty. 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. 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. You can view the full list of cards here. When evaluating offers, please review the financial institutions Terms and Conditions. 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. Theres nothing easier than buying a gift card at the last minute. Health care items and/or medical equipment. Claims can be made online or by giving American Express a call at 1-800-322-1277. AmEx purchase protection covers lost, stolen or damaged items within the first 90 days after purchase. In-built purchase protection is a valuable benefit that comes with some credit cards. Eligibility and Benefit level varies by Card. $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. All financial products, shopping products and services are presented without warranty. If filing a damaged or stolen item claim, you may be asked to demonstrate a photograph showing the damage to your item. Many popular rewards credit cards come with generous welcome offers and useful benefits to attract consumers. Items purchased for resale, professional or commercial use. Improve earnings, maximize rewards and track progress toward dream trips. 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. This is just one scoring method and a credit card issuer may use another method when considering your application. So how do we make money? 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. We lost some recently purchased shoes at an Airbnb and despite the cleaning team looking multiple times it was nowhere to be found. Earn 5% cash back in categories that rotate quarterly on up to $1,500 when enrolled, 5% on travel purchased throughRead More. Amex Platinum Shopping Benefits: Purchase Protection, Credits and More American Express Purchase Protection - FlyerTalk Forums