Terms apply. Earn 5% cash back in categories that rotate quarterly on up to $1,500 when enrolled, 5% on travel purchased throughRead More. You may need to submit a police report for stolen items and a repair estimate or photos for damaged items during the claim process. Some issuers also refer to this benefit as purchase security. 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. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Please review. For a complete description of the policies of your American Express card, select your card on this page. Terms apply. American Express processes claims more quickly than some other issuers. Join Date: Aug 2009. Our partners compensate us. Best Balance Transfer & 0% APR Credit Cards, NerdWallets Best Credit Card Tips for March 2023, Get more smart money moves straight to your inbox. I was notified about a week later that my claim had been accepted, and I was issued a statement credit for the purchase price. AmEx makes it easy to file a purchase protection claim on its website. Enrollment required. For an explanation of our Advertising Policy, visit. 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. Terms, conditions and limitations apply. See what a point or mile is worth with our appraisals of a loyalty programs currency, based on redemption values. Consumable or perishable items such as perfume, light bulbs and batteries. 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. You can also mail them at: Purchase Protection Claims Unit, PO Box 981553 El Paso TX 79998- 9920. It appears that JavaScript is either disabled or not supported by your web browser. The most common coverage amount is $1,000 per covered incident, but some premium American Express cards cover purchases up to $10,000 per incident. 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). 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. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Each category has certain conditions attached to it. How do I Redeem Membership Rewards Points. Eligibility and Benefit level varies by Card. From lamps to loungewear and from headphones to handbags, you can use your Eligible Card with more confidence when youre covered with Purchase Protection. This post contains references to products from one or more of our advertisers. How To Find The Cheapest Travel Insurance. The information for the Amex Green Card has been collected independently by The Points Guy. Maximum coverage per purchase protection claim: $10,000. Terms, conditions and limitations apply. Yes, cardmembers of the American Express Gold Card are covered by AmEx's purchase protection coverage. Pre-qualified offers are not binding. Terms, Conditions and Limitations Apply. Location: ZOA, SFO, HKG. We'll run a soft credit check to find special offers, but it wont affect your credit score. Subject to additional terms, conditions and exclusions. Instead, check the benefits guide to see the card's purchase protection coverage. You might be using an unsupported or outdated browser. Youll be asked for a copy of the receipt and your Amex purchase record. Our points-obsessed staff uses a plethora of credit cards on a daily basis. This purchase protection product covers damage and theft, but only up to $500 per claim and $50,000 per account. Related: Battle of the premium travel rewards cards which is best for you? Terms, conditions and limitations apply. This information may be different than what you see when you visit a financial institution, service provider or specific products site. 11. ghedoicy. How do I Earn Membership Rewards Points? Submitted a claim and it was approved the next day. If you claim an item was stolen you will need a police report. The Centurion Card from American Express and The Business Centurion Card from American Express. 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. 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. Depending on the credit card, the coverage amount and the duration of the protection may differ. read full answer Once youve submitted the necessary supporting documents, American Express will send you an email confirmation stating your documents were received. Check the details of your card's coverage to see if your incident is covered. Compare the cost in points or miles to cash, and see which option is best. As stated, Notice of Claim should be provided to Amex within 30 days of the incident. Some may have trouble using Uber/food credits. are covered by AmEx's purchase protection coverage. ^Eligibility and benefit levels vary by card. 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. Improve earnings, maximize rewards and track progress toward dream trips. Our partners cannot pay us to guarantee favorable reviews of their products or services. Purchase Protection can cover the cost of lifes uh-oh moments, so you can be more confident when buying with your Eligible Card. Amex EveryDay Credit Card is no longer available through NerdWallet. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. You must file a claim within 30 days of your covered loss and you can do so online or by calling 800-228-6855. Editors note: This is a recurring post, regularly updated with new information. It's important to understand that if you simply lose an item, as opposed to it being stolen, it might not be covered. Please view our advertising policy page for more information. Shop safe withSafeKey. $10,000 per claim, $50,000 per year for the American Express Gold Card, The Platinum Card from American Express and Delta SkyMiles Reserve . Unfortunately, if you're affected by a natural disaster, AmEx purchase protection only covers a maximum of $500 in claims per event. This influences which products we write about and where and how the product appears on a page. 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.!) Amex has you covered in that instance, too. Are you sure you want to rest your choices? %%EOF 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. Compare the cost in points or miles to cash, and see which option is best. This compensation comes from two main sources. Most Cards allow up to $1,000 per incident, with a limit of $50,000 per year. A variable APR of 19.49%28.24% applies thereafter. Sometimes called damage protection, purchase protection ensures goods against theft or accidental damage for a limited time. 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. When considering which card to use for your next big purchase, dont forget about the purchase protection coverage perk on your American Express cards. This coverage is complimentary on most AmEx cards including some debit, prepaid and reloadable AmEx cards. Visit americanexpress.com/benefitsguide for details. 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 help protect Covered Purchases made with your Eligible Card against accidental damage, theft and sometimes provide lost coverage for certain Eligible Card products for up to 90 days from the Covered Purchase date. You can do so online or by calling Amex at 1-800-322-1277. Does the Gold card have purchase protection? 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. You need to typically provide documentation (receipts) and sometimes proof such as a police report. 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. Here's a look at how purchase protection programs work. 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. Reply FitYNABer Additional comment actions AMEX Purchase Protection is AWESOME! Books, magazines or periodicals of any kind. Earn 3X Membership Rewards points on flights booked directly with airlines or on amextravel.com. this adds to already-existing purchase protection and extended warranty . Marriott Bonvoy Brilliant American Express Card. The following are ineligible for coverage: Also excluded is loss or damage due to any of the following reasons: Additionally, the maximum protection related to a natural disaster is $500. Purchase protection can save your skin and protect the items you've purchased if a recently-bought item is damaged or stolen. 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. Items permanently affixed to a home, office, vehicles, etc. Authorized users are also covered, as . If an eligible item is lost, accidentally broken, or stolen within 90 days of the purchase date, Amex may reimburse its value. Please visit americanexpress.com/benefitsguide for more details. 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. Battle of the premium travel rewards cards which is best for you? 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. Terms apply. diamondsaremadeunder 3 yr. ago. 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.
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