If you'd. This benefit covers eligible items purchased with an eligible American Express card against damage or theft. Eligibility and Benefit level varies by Card. American Express is an advertising partner of The Ascent, a Motley Fool company. Shop safe withSafeKey. Terms apply. Blue Cash Preferred Card from American Express. 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. If you have questions, please consult your own professional legal, tax and financial advisors. Don't you wish you could take a peek inside a credit card expert's wallet sometimes? Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.74% 28.49%. Eligible American Express cardholders can get reimbursed up to $1,000 or $10,000 per item (depending on the . Purchase protection will reimburse Amex Gold card cardholders for up to $10,000 per covered purchase and up to $50,000 for all covered incidents per cardholder during a calendar year (coverage limits apply). Let's take a look at the current coverage on The Platinum Card from American Express as an example. Dozens of cards offer this benefit. 2023 American Express. At that point, sit back and relax. Items damaged by natural disasters are subject to different terms and limits notated in each cards terms and conditions. Big spenders should note that the purchase protection on. The material made available for you on this website, Send Money & Split Purchases: Venmo and PayPal, Interested in Amex? You must provide an original store receipt (or a printout of an online receipt). No annual fee You wont have to pay an annual fee for all the great features that come with your Freedom Unlimited card. The Platinum Card from American Express American Express Gold Card and Delta SkyMiles Reserve American Express Card (Terms apply, see rates & fees) are just a few examples. only covers up to $10,000 per covered purchase. Your complete guide to shopping protections on American Express cards, Delta SkyMiles Reserve American Express Card, Delta SkyMiles Reserve Business American Express Card, Marriott Bonvoy Brilliant American Express Card, Hilton Honors Aspire Card from American Express, The Business Platinum Card from American Express, Hilton Honors American Express Aspire Card, Blue Cash Preferred Card from American Express, The Blue Business Plus Credit Card from American Express, Best credit cards for extended warranties, The best credit cards with price protection, Do Not Sell or Share My Personal Information. Make sure to file a claim within 30 days of the incident - or as soon as reasonably possible. You might be using an unsupported or outdated browser. Your, Some cards have return protection as an included benefit, and using this perk is especially easy with, This is a valuable benefit to keep in mind with any holiday shopping you plan to do. Underwritten by AMEX Assurance Company. Get more smart money moves straight to your inbox. There is a list of exclusions, which mostly consists of things you wouldn't expect a store to take back like perishables, consumables, media (books, CDs, software), healthcare items, seasonal goods, and gift cards. Frequently Asked Questions. American Express cards offer a valuable, complimentary perk that can keep your new purchases safe. If you try to return an item within 90 days of purchase and the merchant won't accept it, American Express will take it back instead and reimburse you up to $300 per claim and $1,000 per card per year (based on the year of purchase). Fortunately, in many places, you dont need to go down to the local police precinct as many cities have an online portal to submit reports for incidents like theft, lost property or damage to property. Purchase Protection Protect your shopping Enjoy stress-free shopping when you use your American Express Card, with 90-day Purchase Protection. Purchase protection is included in many U.S. American Express cards at no additional cost to the cardholder. /8+"[Q\t7Q&DyK$U6>42:"UlG(J!WjIu$Kq ~hK#bs/+G m/WA&,GGH&tZG)[W Hi1`JK,' SiKZ1 Plus, not all damage and losses are covered. American Express purchase protection works by covering the damage or theft of eligible purchases for up to 90 days after the purchase date. Blue Cash Everyday Card from American Express. To validate your coverage, please call the number on the back of your Card. Delta SkyMiles Platinum Business American Express Card. This is just one scoring method and a credit card issuer may use another method when considering your application. Instead, check the benefits guide to see the card's purchase protection coverage. If successful, you will get a follow-up email letting you know the details of the outcome and instructions on how to replace, repair or get reimbursement for the lost or damaged item. ^Eligibility and benefit levels vary by card. Here's a step-by-step guide to submitting a claim for return protection through Amex. Click "file a claim" and select the card for which you're filing a claim, enter your date of purchase and click "continue.". Let's look at how Amex purchase protection works, which AmEx cards feature it and the limitations and exclusions of this coverage. Keep track of all the required documentation, such as the original store receipt or a printout of an online receipt. Items that are rented, leased or borrowed. It isn't and even better, the process is very simple. Almost every American Express credit and charge card offers purchase protection of some degree. Terms apply. when you need coverage is essential. American Express makes it easy for you to file a claim for your lost, damaged or stolen item within 90 days from the date of your purchase. Click "File a Claim," then provide the required information. Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards, our premier rewards program thatlets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year). If you need to make a claim, you will receive a reimbursement either for the item or the cost to replace the item, up to the coverage limits on your American Express card. For rates and fees of the Blue Cash Preferred Card from American Express, please click here. Keep reading for a step-by-step guide to using the return protection benefit on your American Express card. To be eligible for purchase protection, you must use an American Express card equipped with this benefit and charge at least a portion of your qualifying purchase to that card. 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. Commissions do not affect our editors' opinions or evaluations. AmEx makes it easy to file a purchase protection claim on its website. Shop moreconfidently with your Card knowing we have your back. Terms apply. Beyond glamorous perks like airport lounge access and annual statement credits, American Express cards offer several valuable benefits that can protect your purchases. Authorized users are also covered, as long as theyre U.S. residents. Select the Card below to read the full Policy for Extended Warranty related to that Card. <> Earn 5% on Chase travel purchased through Chase Ultimate Rewards, 3% on dining and drugstores and 1.5% on all other. From lamps to loungewear and from headphones to handbags, you can use your Eligible Card with more confidence when youre covered with Purchase Protection. Earn 70,000 Bonus Miles after spending $5,000 in purchases on your new Card in your first 3 months of Card Membership. 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. 2 0 obj The purchase must be made in the United States, be in like new condition and the merchant must have previously denied the return. If disaster strikes your new laptop, smartphone, jacket, or any other recent purchase, you could get reimbursed courtesy of this American Express card benefit. See if Youre Pre-Qualified, Credit Intel Financial Education Center. . $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Related: Your complete guide to shopping protections on American Express cards. Credit Intel - Financial Education Center. You can also mail them at: Purchase Protection Claims Unit, PO Box 981553 El Paso TX 79998- 9920. 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. Finally, its not that hard to snap a photo of a receipt and retain it in your smartphones cloud storage archive for many years. Furthermore, there are only two American Express business cards that include purchase protection benefits* for lost items, which are also the Delta SkyMiles Reserve Business American Express Card and The Business Platinum Card from American Express. Here are our picks for the best travel credit cards of 2023, including those best for: Flexibility, point transfers and a large bonus: Chase Sapphire Preferred Card, No annual fee: Bank of America Travel Rewards credit card, Flat-rate travel rewards: Capital One Venture Rewards Credit Card, Bonus travel rewards and high-end perks: Chase Sapphire Reserve, Luxury perks: The Platinum Card from American Express, Business travelers: Ink Business Preferred Credit Card, About the author: JT Genter is a freelance points, miles and credit card writer formerly of The Points Guy. After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases. We have not reviewed all available products or offers. When you purchase an item with a manufacturer's warranty, this benefit can add an extra year to the warranty. Amex purchase protection lasts for 90 days from the purchase date. Related: Best credit cards for extended warranties. @catelangs 04/21/23. Get started here: To file an Amex purchase protection claim, visit americanexpress.com/onlineclaim. File a police report within 48 hours of the incident, if the item was stolen. *Eligibility and benefit levels vary by card. I don't have much time to deal with this but I've never filed a claim before. For rates and fees of The Platinum Card from American Express, please click here. How to File a Purchase Protection Claim with the Amex Delta Platinum Business Credit Card Call the Benefit Administrator within 30 days of the incident at 1-800-228-6855 or the number in your card's benefits guide. How to File a Purchase Protection Claim with the Gold Delta SkyMiles Business Credit Card. Pre-qualified offers are not binding. How to File an Amex Gold card Purchase Protection Claim. Many of the best credit cards have purchase protection. Purchase Protection can cover the cost of lifes uh-oh moments, so you can be more confident when buying with your Eligible Card. stream Negotiable instruments, such as stamps and travelers' checks. Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Our points-obsessed staff uses a plethora of credit cards on a daily basis. }lO861|<>?] _$QH:V^Y$6,Da1h(IAY# As a digital nomad for nearly five years, JT proves through experience that credit card rewards can drastically reduce the cost of travel. US Newcomers. Call 1-800-243-0198 for more information. Read more. However, there are plenty of credit cards that offer travel insurance and protections. 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). 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.). So, checking the terms for your AmEx card when you need coverage is essential. All Rights Reserved. Big spenders should note that the purchase protection on The Platinum Card from American Express only covers up to $10,000 per covered purchase. Earn 5x Membership Rewards Points on prepaid hotels booked with American Express Travel. This is one of those credit card benefits that can easily make up for an annual fee, even if you only use it once or twice a year. How do I Redeem Membership Rewards Points. Items voluntarily or involuntarily discarded. Best Homeowners Insurance for New Construction, How to Get Discounts on Homeowners Insurance. Purchases must be made in the U.S. or its territories1. 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. All financial products, shopping products and services are presented without warranty. For a complete description of the policies of your American Express card, select your card on this page. Most Cards allow up to $1,000 per incident, with a limit of $50,000 per year. With most Amex cards, youre covered for up to $1,000 per covered incident and up to $50,000 per year, but the reimbursement doesnt include any shipping or handling expenses. No minimum to redeem for cash back. Select "purchase protection" on the next page and continue the process. Hi everyone, I started a purchase protection claim for exercise equipment that was stolen from my 2nd home. 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). Long list of travel benefits, including airport lounge access and complimentary elite status with Hilton and Marriott (enrollment required), Annual statement credits with Saks and Uber, Bonus categories leave something to be desired, One of the highest annual fees among premium travel cards, Fee-only vs. commission financial advisor, See Business Insider's list of the best rewards credit cards , Have you ever purchased something and wanted to return it only to find out you were past the return window? In contrast, more than a dozen personal American Express cards include loss as a qualified purchase protection reason in their benefits. Supplier Diversity. 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. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. 1 0 obj Delta SkyMiles Blue American Express Card. Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. Return protection is a super valuable benefit, and luckily it's available on virtually all American Express cards. If that happens due to a covered event, you can file a claim with American Express for reimbursement.

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