We'll run a soft credit check to find special offers, but it wont affect your credit score. 5% cash back at office supply stores and internet, cable and phone services (on up to $25,000 of purchases per year, then 1%); 2% back at gas stations and restaurants (on up to $25,000 per year in purchases, then 1%); 1% back on all other purchases. Information provided on Forbes Advisor is for educational purposes only. $1,000 per item (or $500 per event for natural disasters).*. Terms, Conditions and Limitations Apply. AmEx purchase protection covers lost, stolen or damaged items within the first 90 days after purchase. Recently bought a Pacsafe bag that basically fell apart on the first trip out. 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. Each eligible AmEx card is covered for up to $50,000 in claims per year. 4. How do I find and add Amex Offers to my Card? is a location independent digital nomad who has traveled full time since June 2017. 4x on dining at restaurants and U.S. supermarkets (on the first $25,000 in purchases per calendar year; then 1x), 3x on flights booked directly with the airline or with Amex Travel, Welcome bonus of 60,000 points after spending $4,000 in the first six months, Weak on travel outside of flights and everyday spending bonus categories. As stated, Notice of Claim should be provided to Amex within 30 days of the incident. Policies are underwritten by AMEX Assurance Company. The annual maximum is also pretty generous at $50,000 per year for most cards. Terms, conditions and limitations apply. In short, covered purchases are covered for up to 90 days from the date of purchase for up to $10,000 per covered purchase and up to $50,000 per eligible card per calendar year. However, the damage coverage comes with several exclusions, so you may want to see if your card also offers extended warranty coverage. Find out here how we keep you up to date. Juan's passion is helping readers navigate through the complex world of frequent flier miles, credit card rewards points and award travel. 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. 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. 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. For a complete description of the policies of your American Express card, select your card on this page. Terms, conditions and limitations apply. Like insurance, purchase protection is one of those things that you hope you never have to use. 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. Terms apply. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. Extended Warranty benefits extend your manufacturers warranty coverage, often by as much as a year. We believe everyone should be able to make financial decisions with confidence. Cards that still offer this benefit include: ** The information for these cards has been collected independently by The Points Guy. This coverage is complimentary on most AmEx cards including some debit,. This guide will describe the basics of credit card purchase protection and detail the credit cards that offer the best coverage. Amex Purchase Protection Claim takes so long I have never use Amex Claim before and I lost my laptop recently on public transit which cost me about $2K lost. You can also mail them at: Purchase Protection Claims Unit, PO Box 981553 El Paso TX 79998- 9920. Please review. The Platinum Card from American Express American Express Gold Card and Delta SkyMiles Reserve American Express Card are just a few examples. Maximum coverage per account for purchase protection: $50,000. And you'll usually be required to file a police report if you are claiming it as stolen. 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. Here is a list of our partners and here's how we make money. It can help protect Covered Purchases made on your Eligible Card when theyre accidentally damaged, stolen, or lost, for up to 90 days from the Covered Purchase date. The claim should be provided within thirty (30) days of the loss or as soon as reasonably possible. Improve earnings, maximize rewards and track progress toward dream trips. To take advantage of this benefit, first review your card's benefit statement to see whether you are eligible for reimbursement if a purchase is damaged, stolen or lost. 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. 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 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. If you're hitting the skies soon, you'll also earn bonus points on travel. Earn 3X Membership Rewards points on flights booked directly with airlines or on amextravel.com. This post contains references to products from one or more of our advertisers. It's important to understand that if you simply lose an item, as opposed to it being stolen, it might not be covered. The card details on this page have not been reviewed or provided by the card issuer. Related: Your guide to the Chase Ink Business credit cards. As with any insurance or coverage product, AmEx purchase protection comes with limitations and exclusions. The best credit cards for travel insurance benefits. 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. Some may have trouble using Uber/food credits. Negotiable instruments including travelers' checks and gift cards. 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. Official application link: Chase Freedom Flex. Note that purchase protection is different from price protection and extended warranty coverage, other credit card benefits you might be eligible for. Terms, conditions and limitations apply. Our partners compensate us. 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. 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. Most Cards allow up to $1,000 per incident, with a limit of $50,000 per year. 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. However, the purchase protection coverage amounts and limitations vary between AmEx cards. Here is a list of our partners. $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 Plus, your own feed of TPG content. 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. Terms apply. Each eligible AmEx card is covered for up to $50,000 in claims per year. 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. When evaluating offers, please review the financial institutions Terms and Conditions. 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. Amex has you covered in that instance, too. So you finally splurged for an Apple Watch and broke it a week later. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Please visit americanexpress.com/benefitsguide for more details. AmEx makes it easy to file a purchase protection claim on its website. 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. How Much Are Travel Points and Miles Worth in 2023? Select "purchase protection" on the next page and continue the process. 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. Here are some tips to help you navigate this growing trend. This influences which products we write about and where and how the product appears on a page. Check your benefits guide for complete details. Terms apply. The coverage is limited up to $1,000 per occurrence, up to $50,000 per Card Member account per calendar year. The Platinum also offers 90 days of return protection, up to $300 per item. These cards, each chosen with a particular type of consumer or purchase in mind, are discussed below. You will be asked for a copy of the receipt, your Amex purchase record and the original warranty. The card details on this page have not been reviewed or provided by the card issuer. Eligible American Express cardholders can get reimbursed up to $1,000 or $10,000 per item (depending on the card) and up to $50,000 per cardholder. For full Terms and Conditions, see www.americanexpress.com/PPterms. Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. Here are our picks for the. This is just one scoring method and a credit card issuer may use another method when considering your application. JT Genter is a freelance points, miles and credit card writer formerly of The Points Guy. Terms, Conditions and Limitations Apply. Coverage limits apply. Terms apply. This compensation comes from two main sources. shopping purchases when you use your Eligible Card. Some premium American Express Cards also include coverage for lost items and provide coverage of up to $10,000 per incident and $50,000 per year. Finally, some American Express cards offer purchase protection even when you lose a recently-purchased item. A copy of your primary insurance declaration page, if applicable. All Rights Reserved. This benefit is limited to $1,000 annually. If filing online, you will be prompted to submit required documents to support your claim. I was notified about a week later that my claim had been accepted, and I was issued a statement credit for the purchase price. Also, if it was gone 30 minutes later, it was stolen. Delta SkyMiles Reserve American Express Card. In-built purchase protection is a valuable benefit that comes with some credit cards. 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. Create an account to follow your favorite communities and start taking part in conversations. Performance information may have changed since the time of publication. For example, if you have an American Express card, the chances are that card provides AmEx purchase protection. Some premium American Express Cards also include coverage for lost items and provide coverage of up to $10,000 per incident and $50,000 per year. This information may be different than what you see when you visit a financial institution, service provider or specific products site. 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. While extended warranty coverage offers more comprehensive damage protection, purchase protection gives you more protection in case of theft. is no longer available through NerdWallet. , AmEx purchase protection only covers a maximum of $500 in claims per event. 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. Delta SkyMiles Platinum Business American Express Card. Purchase protection is included in many U.S. American Express cards at no additional cost to the cardholder. Purchase protection saved us $1,700 a reader success story, These are the cards TPG staff reach for in case of emergency, Delta SkyMiles Reserve American Express Card, Delta SkyMiles Reserve Business American Express Card, Hilton Honors American Express Aspire Card, Marriott Bonvoy Brilliant American Express Card, The 5 Amex cards were keeping in our wallets and why, Do Not Sell or Share My Personal Information, $10,000 per item (or $500 per event for natural disasters). Not if you used the right credit card to make the purchase. Unfortunately, if you're affected by a natural disaster, AmEx purchase protection only covers a maximum of $500 in claims per event. To be eligible, all you have to do is charge a portion of your qualifying purchase to your American Express card but you'll only be reimbursed up to the amount charged to your card. See the respective Guide to Benefits for details, as terms and exclusions apply. Enrollment required. Terms apply. Additional reporting by Stella Shon, Carissa Rawson, Christina Ly and Ryan Smith. 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 . Our partners cannot pay us to guarantee favorable reviews of their products or services. Instead, check the benefits guide to see the card's purchase protection coverage. this adds to already-existing purchase protection and extended warranty . Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. Related: Best credit cards for extended warranties. Maximum coverage per purchase protection claim: $1,000 per item ($500 per event if related to a natural disaster). Check the details of your card's coverage to see if your incident is covered. Our points-obsessed staff uses a plethora of credit cards on a daily basis. Although this guide focuses on purchase protection, you should also consider benefits like return protection, price protection and extended warranty. 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. However, there are varying levels of protection. He covers credit cards, loyalty programs and family travel. Terms apply. Underwritten by AMEX Assurance Company. The card doesnt offer price protection or return protection, though. Purchase Protection can cover the cost of lifes uh-oh moments, so you can be more confident when buying with your Eligible Card. 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. Purchase Protection Coverage Period as described below. 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.). Underwritten by AMEX Assurance Company. Terms, conditions and limitations apply. 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. First, you have to have the right card. Can You Buy Gift Cards with a Credit Card? Return protection differs from AmEx's purchase protection, which covers you if a purchase is lost or stolen within 90 days. 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. Do not sell or share my personal information. Many Amex cards offer purchase protection but coverage limits vary. American Express removed this perk from most of its cards effective at the start of 2020. 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. Terms, Conditions and Limitations Apply. Items purchased for resale, professional or commercial use. How do I Earn Membership Rewards Points? To view rates and fees of the American Express Gold Card, see this page. I confess that I dont save a copy of the register receipt from every purchase I make Im just not that organized. Delta SkyMiles Platinum American Express Card. Whether you want to pay less interest or earn more rewards, the right card's out there. However, only some credit cards offer purchase protection, and the benefits tend to vary across cards. 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. If an item is broken, take pictures to document the broken item and make sure that you keep the broken item until either it is requested by American Express or your claim is paid and closed. Choose the color that suits your style. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, Purchase Protection: Which Credit Cards Cover Your Belongings.