Policies are underwritten by AMEX Assurance Company. By Cristina Gibson | American ExpressCredit IntelFreelance Contributor. Terms apply. Plus, your own feed of TPG content. 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. %PDF-1.6 % 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. This benefit offers cardholders compensation when a store will not accept an eligible item for return within 90 days of purchase. However, the damage coverage comes with several exclusions, so you may want to see if your card also offers extended warranty coverage. 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. I was not asked to return the items in question in either case. Using The American Express Platinum Purchase Protection: Swimwear The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. It appears that JavaScript is either disabled or not supported by your web browser. 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. How Amex Platinum Price Protection Works - WalletHub 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.). 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. Products covered by an unconditional satisfaction guarantee. Dozens of AmEx cards offer purchase protection benefits. 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. Related: Who should (and shouldnt) get the Capital One Venture X card? 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.*. Purchase Protection is amazing (Plat) : r/amex - Reddit To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Call the number on the back of your card for help if you cant find the guide to benefits. Coverage can vary based on your state of residence, though, and bonus categories sometimes have caps. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. diamondsaremadeunder 3 yr. ago. So, checking the terms for your AmEx card when you need coverage is essential. $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 Her focus at TPG is points, miles, loyalty and credit cards. Amazon marketplace merchant won't accept returns after 30 days. We believe everyone should be able to make financial decisions with confidence. 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. TPG values this bonus at $1,200. Subject to additional terms, conditions and exclusions. All financial products, shopping products and services are presented without warranty. 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. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Other categories excluded are animals, living plants, rare stamps, coins, negotiable instruments such as travelers checks, objects rented, leased or borrowed, anything purchased for resale or commercial use, permanent household items such as carpet, flooring, air conditioners and refrigerators, as well as medical or dental equipment or devices. Amex purchase protection lasts for 90 days from the purchase date. Find out here how we keep you up to date. 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. Amex purchase protection has been absolutely fantastic for the occasional janky Amazon purchase, particularly marketplace items. Health care items and/or medical equipment. Objects such as motorized vehicles, artwork, gift cards and perishable items like perfume, food, light bulbs and batteries are all typically ineligible for purchase protection coverage. Pre-qualified offers are not binding. 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. This influences which products we write about and where and how the product appears on a page. 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 . Good news: AMEX includes Purchase Protection as a benefit on all of its cards shown here. this adds to already-existing purchase protection and extended warranty . We may receive compensation when you click on links to those products. The claim was quickly accepted, and I was issued a statement credit for my purchase. 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. The card details on this page have not been reviewed or provided by the card issuer. Items purchased for resale, professional or commercial use. 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. Finally, its not that hard to snap a photo of a receipt and retain it in your smartphones cloud storage archive for many years. Blue Cash Everyday Card from American Express. Can You Buy Gift Cards with a Credit Card? hbbd``b`@/P k ";d100O@ T9 3 To view rates and fees of the American Express Gold Card, see this page. Official application link: American Express Gold Card. You would only be reimbursed up to the amount charged on the card. If submitting a claim by phone, you will be asked certain questions about your claim. 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. The material made available for you on this website, Send Money & Split Purchases: Venmo and PayPal, Credit Intel Financial Education Center. Terms apply to the offers listed on this page. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Earn 4X Membership Rewards Points at Restaurants, plus takeout and delivery in the U.S. The extended warranty period is an additional year and is limited to covering the actual purchase amount paid for with your card. A variable APR of 19.49%28.24% applies thereafter. However, only some credit cards offer purchase protection, and the benefits tend to vary across cards. 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 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. What You Should Know About Foreign Transaction Fees. 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. update? You'll notice that nearly all AMEX cards offer this benefit, so chances are you're already covered. Not lost, you know where you left it, and someone took it knowing it did not belong to them. Amex has you covered in that instance, too. Be sure to check your cardholder agreement for your specific benefits. As always, check your credit cards guide to benefits to see which benefits apply to you. Amex EveryDay Credit Card is no longer available through NerdWallet. Yes, cardmembers of the American Express Gold Card are covered by AmEx's purchase protection coverage. *, 4 points per dollar at restaurants and at U.S. supermarkets (on up to $25,000 per calendar year, then 1 per dollar); 3 points per dollar on flights booked directly with the airline or purchased through. Items that are rented, leased or borrowed. With purchase protection, you can file a claim to be reimbursed for any eligible item you bought with The Platinum Card from American Express if . By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. 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. Books, magazines or periodicals of any kind. Covered Eligible Purchases are items bought with your Eligible Card and are covered for the first 90 days after the day of purchase. There is a maximum coverage amount of $10,000 per item and $50,000 per calendar year.*. When we think of travel rewards card benefits, we tend to think of lounge access, free checked bags and companion tickets, but dont stop there. to see if your incident is covered. American Express Purchase Protection - FlyerTalk Forums Coverage is limited to the amount charged to your card, up to $10,000 per item and $50,000 per card each calendar year.^. As with any insurance policy, the devil is always in the details. Juan is a travel writer that specializes in travel and personal finance, including content on credit card products and airline and hotel loyalty programs. 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. 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). Some of the more popular Amex cards offering extended warranty coverage include The Platinum Card from American Express and other consumer versions of the Platinum card, The Business Platinum Card from American Express, American Express Gold Card, American Express Green Card, American Express Business Gold Card, Delta credit cards, Hilton credit cards, Marriott credit cards and The Blue Business Plus Credit Card from American Express. Also, note that some losses are excluded such as if you left the item in an unlocked car. Delta SkyMiles Reserve American Express Card. Depending on the credit card, the coverage amount and the duration of the protection may differ. Terms apply. There's a lot to love about the Amex Gold card. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. FlyerTalk Evangelist. You need to typically provide documentation (receipts) and sometimes proof such as a police report. 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. The card details on this page have not been reviewed or provided by the card issuer. Keep in mind that not all purchases or items are covered . The claim should be provided within thirty (30) days of the loss or as soon as reasonably possible. 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. Provided you purchased them less than 90 days ago you should be covered. The Amex EveryDay Preferred Credit Card from American Express. Find the right card for you. read full answer Once American Express has all the information needed to process your claim, theyll notify you via email once a decision has been made. This site does not include all credit card companies or all available credit card offers. same thing happened to me, left a small bag under front seat. Terms apply. To be eligible, you must pay for the entire cost of the item with your eligible American Express card, and purchases must be made in the U.S. or U.S. territories.^. 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. If filing online, you will be prompted to submit required documents to support your claim. Check your benefits guide for complete details. Each eligible AmEx card is covered for up to $50,000 in claims per year. Any other documentation needed to substantiate your claim. Thankfully, its really easy to search my email inbox to find receipts for everything Ive bought online. 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. Make sure to file a claim within 30 days of the incident - or as soon as reasonably possible. Instead, check the benefits guide to see the card's purchase protection coverage. The Centurion Card from American Express and The Business Centurion Card from American Express. 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. You may even be asked to send in a damaged item or a picture for proof of loss, so be sure to keep all of these until the claim is resolved. Terms apply. 11. ghedoicy. 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. 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. For full Terms and Conditions, see www.americanexpress.com/PPterms. Anything purchased for resale or commercial use. NerdWallet strives to keep its information accurate and up to date. 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 is an embedded benefit of your Card Membership and requires no enrollment. Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. So, checking. is no longer available through NerdWallet. ;*KLjmNT Do balance transfers affect your credit score? We believe everyone should be able to make financial decisions with confidence. The Capital One Venture X Rewards Credit Card is an excellent everyday spending card. Extended Warranty benefits extend your manufacturers warranty coverage, often by as much as a year. As stated, Notice of Claim should be provided to Amex within 30 days of the incident. This guide will describe the basics of credit card purchase protection and detail the credit cards that offer the best coverage. 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. Damage through altercation or modifications. For example, if you have an American Express card, the chances are that card provides AmEx purchase protection. Terms, conditions and limitations apply. To view rates and fees of The Platinum Card from American Express, see this page. This benefit covers eligible items purchased with an eligible American Express card against damage or theft. Please review. 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. 3 points per dollar on eligible Delta purchases; 1 point per dollar on other purchases. Card Rating is based on the opinion of TPGs editors and is not influenced by the card issuer. The warranty wont cover the damage, and you didnt think youd need AppleCare. Services and additional costs, such as installation charges, warranties, shipping, handling and memberships. At the time of writing, The Platinum Card from American Express holders are covered for up to 90 days from the date of a covered purchase of an eligible item. 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. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Does the Gold card have purchase protection? Commissions do not affect our editors' opinions or evaluations. Amex will reimburse you up to a maximum of $1,000 per card member account per calendar year based on the date of purchase. An itemized receipt from the retailer showing the purchase. Big spenders should note that the purchase protection on. 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.

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