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. Plus, AmEx can change the coverage at any time. Improve earnings, maximize rewards and track progress toward dream trips. For example, AmEx won't approve a claim for damage to an item "purchased for play." While extended warranty coverage offers more comprehensive damage protection, purchase protection gives you more protection in case of theft. For Capital One products listed on this page, some of the above benefits are provided by Visa or Mastercard and may vary by product. Please review. The card details on this page have not been reviewed or provided by the card issuer. To view rates and fees of the American Express Gold Card, see this page. Purchase Protection: Which Credit Cards Cover Your Belongings Lost Item - Purchase Protection : r/amex - reddit Many Amex cards offer purchase protection but coverage limits vary. 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 is an embedded benefit of your Card Membership and requires no enrollment. 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. endstream endobj startxref If there is a chance that an item might get broken or stolen, make sure that it is charged to your eligible American Express card. However, not all purchases and losses are covered by AmEx purchase protection. 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. Many times, claims examiners will ask you to submit photos of your broken item to verify its condition and American Express may request that you send your broken item to them. Any other documentation needed to substantiate your claim. 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. Official application link: American Express Gold Card. PSA: Never ever ever put anything in the seat pocket of an airplane. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Amazon marketplace merchant won't accept returns after 30 days. The Ink Business Cash Credit Card offers up to $10,000 per claim in purchase protection on a card with no annual fee. Finders keepers is not really a thing. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Best card for premium perks while traveling, Capital One Venture X Rewards Credit Card, The Business Platinum Card from American Express, Quick Points: Hyatt Globalists get free parking on award stays, What are points and miles worth? Here's a look at how purchase protection programs work. Amex will reimburse you up to a maximum of $1,000 per card member account per calendar year based on the date of purchase. In this case, you must purchase an item thats eligible for coverage and the loss cant be due to an excluded reason. Marriott Bonvoy Brilliant American Express Card. %PDF-1.6 % Here is a list of our partners and here's how we make money. When evaluating offers, please review the financial institutions Terms and Conditions. 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. The Forbes Advisor editorial team is independent and objective. Can You Buy Gift Cards with a Credit Card? %%EOF Ben is a former credit card specialist for NerdWallet who wrote card reviews and comparisons and covered credit-related issues affecting consumers. You would only be reimbursed up to the amount charged on the card. How do I Redeem Membership Rewards Points. To file a claim with Amex purchase protection, you can do so online or by calling 800-228-6855. 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. 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. 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. Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. Amex purchase protection has been absolutely fantastic for the occasional janky Amazon purchase, particularly marketplace items. If you have questions, please consult your own professional legal, tax and financial advisors. Big spenders should note that the purchase protection on The Platinum Card from American Express only covers up to $10,000 per covered purchase. How Much Are Travel Points and Miles Worth in 2023? Terms apply. 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. 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. 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 apply. 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. Note that card coverage is sometimes secondary to any homeowners insurance and auto insurance policies, so you may need to prove that youve already submitted claims with other insurance providers. , 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. Be the first to know if we spot anything odd or unusual on your account, thanks to our account and fraud alerts. and U.S. supermarkets. Yes, cardmembers of the American Express Gold Card are covered by AmEx's purchase protection coverage. Go to the Amex extended warranty claims webpage to file online. AmEx makes it easy to file a purchase protection claim on its website. NerdWallet strives to keep its information accurate and up to date. To view rates and fees of The Platinum Card from American Express, see this page. Sometimes called damage protection, purchase protection ensures goods against theft or accidental damage for a limited time. * Eligibility and benefit levels vary by card. 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. Here, you'll need to provide a copy of the purchase receipt and proof of loss. 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 . Any purchase that is not in an excluded category and is made with a qualifying American Express card will receive purchase protection. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. AmEx purchase protection covers lost, stolen or damaged items within the first 90 days after purchase. War, acts of war or service in the military. Visit americanexpress.com/benefitsguide for details. $10,000 per claim, $50,000 per year for the, Delta SkyMiles Reserve American Express Card. Quote: Originally Posted by JeffD. 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. The card details on this page have not been reviewed or provided by the card issuer. Many or all of the products featured here are from our partners who compensate us. 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. If your item was stolen, you may need to show American Express a copy of the police report. We'll run a soft credit check to find special offers, but it wont affect your credit score. The Platinum Card, Covered Eligible Purchases are items bought with your Eligible Card and are covered for the first 90 days after the day of purchase. A copy of your primary insurance declaration page, if applicable. If filing online, you will be prompted to submit required documents to support your claim. Ben Luthi is a former credit card specialist for NerdWallet. Check the. Purchase Protection is underwritten by AMEX Assurance Company. Although this guide focuses on purchase protection, you should also consider benefits like return protection, price protection and extended warranty. Extended Warranty benefits extend your manufacturers warranty coverage, often by as much as a year. How to Freeze an American Express Platinum Card - WalletHub Not if you used the right credit card to make the purchase. 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. 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.!) pAxTu:E4 VB8H_ fUsF4A~ScD_ ^8v8_]gw`\7f(g~5"ip JI. Underwritten by AMEX Assurance Company. Pre-qualified offers are not binding. Help protect your eligible 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. Cards with this higher level of coverage include: The information for the Centurion, Business Centurion and Hilton Aspire cards has been collected independently by The Points Guy. The Blue Business Plus Credit Card from American Express. EgnS+JoYlUR fbcv,R38{TA\ =e`%! ^ Eligibility and benefit levels vary by card. Related: Why I switched from the Chase Freedom to the Chase Freedom Flex. For return protection, you have to file a claim within 90 days of your original purchase.. Thankfully, its really easy to search my email inbox to find receipts for everything Ive bought online. Business Green Rewards Card from American Express. Check your benefits guide for complete details. Beyond that, I think its prudent to factor these protections into your decision of which card to use whenever you make a large purchase. Related: Who should (and shouldnt) get the Capital One Venture X card? This coverage is complimentary on most AmEx cards including some debit,. 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. New comments cannot be posted and votes cannot be cast. 5 points per dollar on flights booked directly with airlines or Amex Travel (up to $500,000 on these purchases per calendar year, then 1 point per dollar); 5 points per dollar on prepaid hotels booked through Amex Travel; 1 point per dollar on other purchases. **, Morgan Stanley Blue Cash Preferred American Express Card.**. Who should (and shouldnt) get the Capital One Venture X card? 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. Cards that still offer this benefit include: ** The information for these cards has been collected independently by The Points Guy. Some issuers also refer to this benefit as purchase security. Consumable or perishable items such as perfume, light bulbs and batteries. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Purchase Protection Coverage Period as described below. See the respective Guide to Benefits for details, as terms and exclusions apply. Hilton Honors American Express Surpass Card. Official application link: Chase Freedom Flex. Business Green Rewards Card from American Express is no longer available through NerdWallet. AmEx purchase protection is complimentary coverage provided on most AmEx cards that covers theft, loss and damage to eligible items within the first 90 days of purchase. To start the process, log into your AmEx account and, Like insurance, purchase protection is one of those things that you hope you never have to use. Fortunately, several American Express credit cards are equipped with the handy purchase protection perk. Like insurance, purchase protection is one of those things that you hope you never have to use. 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). Terms apply. American Express Platinum Lost Card - WalletHub Submitted a claim and it was approved the next day. You can view the full list of cards here. 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. Click "file a claim" and select the card for which you're filing a claim, enter your date of purchase and click "continue.". I got off my flight and realized 20 minutes later that they were missing, I ran back to my gate and asked the flight attendant to go look for me and she said they weren't in my seat. Related: Amex credit card showdown: Blue Cash Preferred vs. Blue Cash Everyday. Buts its still "status open" now and have no update. Our points-obsessed staff uses a plethora of credit cards on a daily basis. This is just one scoring method and a credit card issuer may use another method when considering your application. Call the number on the back of your card for help if you cant find the guide to benefits. A copy of the claim settlement from your primary insurance company, if applicable. To view rates and fees of the Delta SkyMiles Reserve American Express Card, see this page. 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. Do not sell or share my personal information. Tip: Use WalletFlo for all your credit card needs. *Excess of 50 applies. Note that purchase protection is different from price protection and extended warranty coverage, other credit card benefits you might be eligible for. When evaluating offers, please review the financial institutions Terms and Conditions. Please view our advertising policy page for more information. Pre-qualified offers are not binding. 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). $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. Your financial situation is unique and the products and services we review may not be right for your circumstances. *Benefits may vary by issuer. Not a Cardmember yet? If an eligible item is lost, accidentally broken, or stolen within 90 days of the purchase date, Amex may reimburse its value. 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. Earn 4X Membership Rewards Points at Restaurants, plus takeout and delivery in the U.S. All information about The Amex EveryDay Preferred Credit Card from American Express has been collected independently by NerdWallet. He covers credit cards, loyalty programs and family travel. Youll be asked for a copy of the receipt and your Amex purchase record. 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). 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. Cash and cash-like items including gift certificates, stamps and coins. As with any insurance or coverage product, AmEx purchase protection comes with limitations and exclusions. Other shopping protections: Extended warranty protection offers an additional year on eligible warranties of three years or less. Although this is an oft-overlooked benefit, purchase protection can provide exceptional value. Terms apply. 3% cash back on groceries 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%), plus 1% cash back on other purchases. Claims usually require original receipts and the credit card statement related to the purchase. I have the Platinum card so would this be covered under lost item protection or would I be SOL? Thankfully, many credit cards offer so-called "purchase protection" that covers theft, damage and loss within a set time after purchase. The Capital One Venture X Rewards Credit Card is an excellent everyday spending card. You must file a claim within 90 days of your original purchase through this link or by calling 800-228-6855. 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.

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