Many popular rewards credit cards come with generous welcome offers and useful benefits to attract consumers. Earn a $200 bonus after spending $500 on purchases in your first 3 months from account opening. Delta SkyMiles Reserve Business American Express Card. * These cards include: Related: The 5 Amex cards were keeping in our wallets and why. Almost every American Express credit and charge card offers purchase protection of some degree. Business Green Rewards Card from American Express is no longer available through NerdWallet. These are provided as guidelines only and approval is not guaranteed. You need to typically provide documentation (receipts) and sometimes proof such as a police report. Its smart technology that helps us make sure its really you when shopping online. Dozens of cards offer this benefit. has been collected independently by NerdWallet . You must file a claim within 30 days of your covered loss and you can do so online or by calling 800-228-6855. There are limitations to this policy, so be sure to read your card's benefits guide for a full explanation of what's excluded under purchase security. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Maximum coverage per purchase protection claim: $500. Please review. Earn 4X Membership Rewards points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). Offer ends 3/29/23. 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. 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. Welcome bonus: Earn 60,000 Membership Rewards points after spending $4,000 on purchases on your new card in your first six months of card membership. When evaluating offers, please review the financial institutions Terms and Conditions. 961 0 obj <> endobj This information may be different than what you see when you visit a financial institution, service provider or specific products site. From bedroom furniture to clothing and cellular phones to handbags, purchase protection can be a worthwhile benefitparticularly for high-priced items. The warranty wont cover the damage, and you didnt think youd need AppleCare. Related: How an often-overlooked credit card benefit put $1,400 back in my wallet. However, there are varying levels of protection. Note that purchase protection is different from. Editorial Note: We earn a commission from partner links on Forbes Advisor. You want a travel credit card that prioritizes whats important to you. Instead, check the benefits guide to see the card's purchase protection coverage. Ben is a former credit card specialist for NerdWallet who wrote card reviews and comparisons and covered credit-related issues affecting consumers. This site does not include all credit card companies or all available credit card offers. Terms and conditions will apply. Hilton Honors American Express Surpass Card. American Express consumer cards all offer purchase protections for eligible purchases for 90 days from the date of purchase to file a claim. Please visit americanexpress.com/benefitsguide for more details. For most people, the purchase protection benefit offered by some credit cards flies under the radar. 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. This purchase protection product covers damage and theft, but only up to $500 per claim and $50,000 per account. Permanent household items such as carpet, flooring, air conditioners and refrigerators. There are a multitude of purchases that are excluded from purchase protection. Policies are underwritten by AMEX Assurance Company. Purchase Protection Protect your shopping Enjoy stress-free shopping when you use your American Express Card, with 90-day Purchase Protection. 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. Please try again later. Some may have trouble using Uber/food credits. Welcome bonus: Earn $900 cash back after you spend $6,000 on purchases in the first three months of account opening. Terms, conditions and limitations apply. Dozens of AmEx cards offer purchase protection benefits. Related: Best credit cards for extended warranties. The information for the Amex Green Card has been collected independently by The Points Guy. Delta SkyMiles Gold American Express Card. Some issuers also refer to this benefit as purchase security. 3 yr. ago. From lamps to loungewear and from headphones to handbags, you can use your Eligible Card with more confidence when youre covered with Purchase Protection. $1,000 per item (or $500 per event for natural disasters).*. This should be covered under lost item assuming you have the receipt etc. How do I find and add Amex Offers to my Card? For most claims, you'll typically need to submit: A copy of your credit card statement with the purchase. Amex will reimburse you up to a maximum of $1,000 per card member account per calendar year based on the date of purchase. 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. Motorized vehicles, parts and accessories. Worry less. Buyer's Assurance Protection Plan extends the original equipment manufacturer's basic warranty, the plan will not extend any additional coverage purchased from the manufacturer, retailer or any other source. 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. 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. If an item is stolen, file a police report immediately. Disclaimer: NerdWallet strives to keep its information accurate and up to date. 3 points per dollar on eligible Delta purchases; 1 point per dollar on other purchases. Benefits also includes a per occurrence maximum for any one Purchase Protection Covered Event related to a Natural Disaster as describedbelow . Once youve submitted the necessary supporting documents, American Express will send you an email confirmation stating your documents were received. 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. Terms apply. NerdWallet strives to keep its information accurate and up to date. Motorized vehicles, their parts and accessories as well as those parts and accessories intended for use with the motorized vehicles. You will be asked certain questions about your claim at that time. See the respective Guide to Benefits for details, as terms and exclusions apply. Buts its still "status open" now and have no update. 4. * Eligibility and benefit levels vary by card. He covers credit cards, loyalty programs and family travel. However, Ive filed two claims with Amex in the past; in both cases, I was pleasantly surprised at how quick and easy the process was. Learn more: How to add money-saving AmEx . 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. Claims usually require original receipts and the credit card statement related to the purchase. Can You Buy Gift Cards with a Credit Card? *, Maximum coverage per account for purchase protection: $50,000 per card per calendar year.*. If anyone on our team wouldnt recommend it to a friend or a family member, we wouldnt recommend it on The Points Guy either. Items voluntarily or involuntarily discarded. Improve earnings, maximize rewards and track progress toward dream trips. Purchase Protection can cover the cost of lifes uh-oh moments, so you can be more confident when buying with your Eligible Card. Not lost, you know where you left it, and someone took it knowing it did not belong to them. Welcome bonus: Earn 75,000 bonus miles when you spend $4,000 on purchases in the first three months from account opening. Explore our Cards Terms and Conditions Call the number on the back of your card for help if you cant find the guide to benefits. TPG values this bonus at $1,388. If your claim is successful, the credit card company will choose to replace, repair or reimburse you for the lost or damaged item. 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. However, this does not influence our evaluations. Claims can be made online or by giving American Express a call at 1-800-322-1277. 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. Not all purchase protection benefits are created equal. However, certain premium cards cover your purchases for up to $10,000 per incident, with the same limit of up to $50,000 in total claims per calendar year.*. 5% cash back on up to $1,500 in combined purchases in rotating bonus categories each quarter (requires activation) and on travel booked through the. The Amex EveryDay Preferred Credit Card from American Express is no longer available through NerdWallet. update? Reply FitYNABer Additional comment actions AMEX Purchase Protection is AWESOME! 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. Terms, Conditions and Limitations Apply. Purchase Protection often covers loss, damage and theft for a short period of time, usually a few months, after purchase. I have the Platinum card so would this be covered under lost item protection or would I be SOL? Earn 5% cash back in categories that rotate quarterly on up to $1,500 when enrolled, 5% on travel purchased through. 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. The Platinum also offers 90 days of return protection, up to $300 per item. 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. pAxTu:E4 VB8H_ fUsF4A~ScD_ ^8v8_]gw`\7f(g~5"ip JI. Related: Amex credit card showdown: Blue Cash Preferred vs. Blue Cash Everyday. To view rates and fees of the American Express Gold Card, see this page. This site does not include all credit card companies or all available credit card offers. This information may be different than what you see when you visit a financial institution, service provider or specific products site. How to File a Return Protection Request Underwritten by AMEX Assurance Company. Delta SkyMiles Reserve American Express Card, Hilton Honors Aspire Card from American Express, benefits for all American Express cards on Amexs website, guide to shopping protections on American Express cards. You can do so online or by calling Amex at 1-800-322-1277. NerdWallet strives to keep its information accurate and up to date. Check your benefits guide for complete details. Finally, some American Express cards offer purchase protection even when you lose a recently-purchased item. For example, if you have an American Express card, the chances are that card provides AmEx purchase protection. For a complete description of the policies of your American Express card, select your card on this page. In contrast, more than a dozen personal American Express cards include loss as a qualified purchase protection reason in their benefits. Official application link: Ink Business Cash Credit Card. Select the Card below to read the full terms and conditions for Return Protection related to that Card. So, checking the terms for your AmEx card when you need coverage is essential. Like insurance, purchase protection is one of those things that you hope you never have to use. Good news: AMEX includes Purchase Protection as a benefit on all of its cards shown here. Our partners cannot pay us to guarantee favorable reviews of their products or services. 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. If you're hitting the skies soon, you'll also earn bonus points on travel. However, the purchase protection coverage amounts and limitations vary between AmEx cards. Delta SkyMiles Platinum Business American Express Card: $15 back per month on U.S . Related: Best credit cards with purchase protection. And be aware of excluded purchases, too. There are more than a dozen personal cards that offer $10,000 in purchase protection coverage per item. Often, you will get a response to your initial claim inquiry within 48 hours. 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. Any other documentation needed to substantiate your claim. 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. When an American Express Card Member charges a Covered Purchase with their Eligible Card, Purchase Protection can help protect their Covered Purchases for up to 90 days from the Covered Purchase date if it is stolen or accidentally damaged. This benefit is limited to $1,000 annually. Subject to additional terms, conditions and exclusions. , 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. 1 Terms, conditions and exclusions apply. 11. ghedoicy. Terms, conditions and limitations apply. 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). Authorized users are also covered, as . However, this does not influence our evaluations. 3 points per dollar on travel, shipping, internet services, cable services, phone services and advertising with social media sites/search engines (on the first $150,000 in combined purchases each account anniversary year, then 1 point per dollar); 1 point per dollar on other purchases. Provided you purchased them less than 90 days ago you should be covered. Official application link: Blue Cash Everyday Card from American Express. To file a claim with Amex purchase protection, you can do so online or by calling 800-228-6855. 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. Claim processing and payment is usually complete within 30 days. Underwritten by AMEX Assurance Company. 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. I confess that I dont save a copy of the register receipt from every purchase I make Im just not that organized. I was notified about a week later that my claim had been accepted, and I was issued a statement credit for the purchase price. Terms apply to the offers listed on this page. Personal hygiene items or any devices (medical or nonmedical) that have been personally used and could be considered a health risk to others. If you have questions, please consult your own professional legal, tax and financial advisors. Related: Your complete guide to shopping protections on American Express cards. This benefit covers eligible items purchased with an eligible American Express card against damage or theft. Read more. Marriott Bonvoy Business American Express Card. Other shopping protections: Extended warranty protection offers one additional year of coverage for items with an original manufacturers warranty of five years or less. For return protection, you have to file a claim within 90 days of your original purchase.. Our opinions are our own. Check your eligibility here. However, only some credit cards offer purchase protection, and the benefits tend to vary across cards. Compact discs, digital video discs, mini discs, audiotapes and videotapes. Purchase Protection Coverage Period as described below. Does AmEx purchase protection cover lost items? Although this is an oft-overlooked benefit, purchase protection can provide exceptional value. To start the process, log into your AmEx account and go to the claims center page. Our partners cannot pay us to guarantee favorable reviews of their products or services. 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. Negotiable instruments including travelers' checks and gift cards. Related: Everything you need to know about Amex purchase protection. And you'll usually be required to file a police report if you are claiming it as stolen. Be sure to check each cards individual purchase protection policy before making an expensive purchase on an Amex card. $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 Does the Gold card have purchase protection? In the event of theft, you must also include a copy of a police report. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 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. Books, magazines or periodicals of any kind. You can view the full list of cards here. New comments cannot be posted and votes cannot be cast. The Blue Business Plus Credit Card from American Express. 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. How do I find and add Amex Offers to my Card? We believe everyone should be able to make financial decisions with confidence. So, you can't claim purchase protection if your baseball bat or hockey stick breaks. Personal cards with purchase protections from AmEx include: The Platinum Card from American Express. More information can be found here. PSA: Never ever ever put anything in the seat pocket of an airplane. 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. In the case of a damage claim, you may need to send in the broken item. Purchases must be made in the U.S. or its territories, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. 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. 2023 American Express. Keep track of all the required documentation, such as the original store receipt or a printout of an online receipt. Coverage applies for 90 days after purchasing the item. The claim was quickly accepted, and I was issued a statement credit for my purchase. Marriott Bonvoy Brilliant American Express Card. Indirect or direct damage to an item or property resulting from a covered event. Yes, cardmembers of the American Express Gold Card are covered by AmEx's purchase protection coverage. Meanwhile, here's the list of small business cards from AmEx with this benefit: The Business Platinum Card from American Express. Terms apply. You must file a claim within 90 days of your original purchase through this link or by calling 800-228-6855. When evaluating offers, please review the financial institutions Terms and Conditions. 5% cash back on up to $1,500 in categories that rotate quarterly (requires activation), 5% on travel purchased through Chase Ultimate Rewards, 3% on dining and drugstores and 1% on all other purchases. Coverage under the Purchase Protection Program, which covers items broken, stolen, or lost (lost coverage on the Platinum and Centurion cards only) within 90 days of purchase, is up to $10,000 per occurrence on the Platinum card vs. $1,000 on the SPG card. Ben Luthi is a former credit card specialist for NerdWallet. Submitted a claim and it was approved the next day. Other American Express business cards offer the standard $1,000. As with any insurance policy, the devil is always in the details. Choose the color that suits your style. Finally, be diligent, complete and timely when you file your claims. 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. So for example, if someone were to break into your car and steal your laptop, youd be covered under purchase protection, as long as you purchased it with your American Express card. Failing that, I also can search my order history at Amazon, eBay and other online retailers I use. Please visit americanexpress.com/benefitsguide for more details. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, Purchase Protection: Which Credit Cards Cover Your Belongings. Shop moreconfidently with your Card knowing we have your back. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners. There is a maximum coverage amount of $10,000 per item and $50,000 per calendar year.*. Many other issuers offer some form of damage against loss or theft for eligible items purchased with the card. Although this guide focuses on purchase protection, you should also consider benefits like return protection, price protection and extended warranty. If a loss is due to theft, you may need to provide a copy of the police report. Check here before booking an award fare. , AmEx purchase protection only covers a maximum of $500 in claims per event. To view rates and fees of the Delta SkyMiles Reserve American Express Card, see this page. 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. 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. As a digital nomad for nearly five years, JT proves through experience that credit card rewards can drastically reduce the cost of travel. %PDF-1.6 % Posts: 13,805. 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. Programs: UA 1K 0.9MM, Marriott Gold, HHonors Gold, Hertz PC, SBux Gold, TSA Pre . is a location independent digital nomad who has traveled full time since June 2017. Learn more: The best travel credit cards right now. 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.