amex platinum purchase protection lost item

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. Enrollment required. The Blue Cash Everyday Card from American Express is good for earning 3% cash back at U.S. supermarkets (up to $6,000 per calendar year, then 1%), but shopping protection benefits arent beneficial on most supermarket purchases. If there is a chance that an item might get broken or stolen, make sure that it is charged to your eligible American Express card. Ben is a former credit card specialist for NerdWallet who wrote card reviews and comparisons and covered credit-related issues affecting consumers. Youll be asked for a copy of the receipt and your Amex purchase record. All Rights Reserved. So the key limitations are that the return attempt must be made within 90 days of purchase and that you can reimbursed up to a maximum of $300. Earn 5% cash back in categories that rotate quarterly on up to $1,500 when enrolled, 5% on travel purchased through. Although this guide focuses on purchase protection, you should also consider benefits like return protection, price protection and extended warranty. 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. If an eligible item is lost, accidentally broken, or stolen within 90 days of the purchase date, Amex may reimburse its value. 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 Things To Do Before Canceling A Credit Card, Best Credit Cards For Travel Insurance Benefits, American Express Business Platinum Review, Delta SkyMiles Reserve Credit Card Review, Rotating quarterly categories earn 5% rewards when activated, up to a combined quarterly $1,500 maximum, Travel rewards rate rivals some of the best premium travel cards, Generous rewards rate in several other categories, Travel bookings must be made through Chase Ultimate Rewards to earn 5% cash back. 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. You may need to submit a police report for stolen items and a repair estimate or photos for damaged items during the claim process. , other credit card benefits you might be eligible for. The Forbes Advisor editorial team is independent and objective. 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. Official application link: American Express Gold Card. The claim should be provided within thirty (30) days of the loss or as soon as reasonably possible. 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. 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. $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 This benefit acts as a kind of insurance against theft or damage for a period of time after you buy something. Note that purchase protection is different from. Reply FitYNABer Additional comment actions AMEX Purchase Protection is AWESOME! You will be asked certain questions about your claim at that time. Purchase protection offers short-term insurance for your everyday purchases, in case the items are stolen or damaged. Let's take a look at the current coverage on The Platinum Card from American Express as an example. Purchase Protection often covers loss, damage and theft for a short period of time, usually a few months, after purchase. The purchase must be made in the United States, be in like new condition and the merchant must have previously denied the return. The best credit cards for travel insurance benefits. 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.!) Purchase Protection is normally not the first benefit that comes to mind when you think of your American Express card perks. Coverage is limited to the amount charged to your card, up to $10,000 per item and $50,000 per card each calendar year.^. Instead, check the benefits guide to see the card's purchase protection coverage. If your item was stolen, you may need to show American Express a copy of the police report. But can you use your credit card to do so? All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. Keep track of all the required documentation, such as the original store receipt or a printout of an online receipt. Terms, conditions and limitations apply. You must file a claim within 30 days of loss through this link or by calling 800-228-6855. 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. Hilton Honors American Express Aspire Card is no longer available through NerdWallet. And extended warranty protection offers one full year of coverage at $10,000 per item and up to $ . Does AmEx purchase protection cover lost items? All policies have a maximum limit of $50,000 in claims per calendar year. Maximum coverage per purchase protection claim: $10,000. However, this card doesnt offer extended warranty or return protection. Depending on the credit card, the coverage amount and the duration of the protection may differ. Chase, for example, offers purchase protection for up to 120 days on the Chase Freedom Unlimited, Chase Freedom Flex* and Chase Sapphire Preferred Card and Chase Sapphire Reserve. Battle of the premium travel rewards cards which is best for you? Some may have trouble using Uber/food credits. 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. For return protection, you have to file a claim within 90 days of your original purchase.. All Credit Intelcontent is written by freelance authors and commissioned and paid for by American Express. 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. Enrollment required. The Blue Business Plus Credit Card from American Express. From lamps to loungewear and from headphones to handbags, you can use your Eligible Card with more confidence when youre covered with Purchase Protection. Credit Score ranges are based on FICO credit scoring. Keep in mind that not all purchases or items are covered . Improve earnings, maximize rewards and track progress toward dream trips. The Ink Business Cash Credit Card offers up to $10,000 per claim in purchase protection on a card with no annual fee. If filing a damaged or stolen item claim, you may be asked to demonstrate a photograph showing the damage to your item. Its easy to write off these policies as being too much of a hassle or, conversely, being too good to be true. The extended warranty does not cover the following items: Also, coverage does not apply to damage from natural disasters, alterations or modifications, power surges, war or acts of war or any item under a product recall. Subject to additional terms, conditions and exclusions. This benefit covers eligible items purchased with an eligible American Express card against damage or theft. *Benefits may vary by issuer. $10,000 per claim, $50,000 per year for the, Delta SkyMiles Reserve American Express Card. However, this card is so packed with benefits that this coverage doesn't make the card's highlights on the AmEx website. Past performance is not indicative of future results. Also, if it was gone 30 minutes later, it was stolen. 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. Yes, cardmembers of the American Express Gold Card are covered by AmEx's purchase protection coverage. *Benefits may vary by issuer. Blue Cash Preferred Card from American Express. Terms, Conditions and Limitations Apply. hbbd``b`@/P k ";d100O@ T9 3 The Platinum Card, Gold Card, Delta SkyMiles Reserve Card, Hilton Aspire Card, and Marriott Bonvoy Brilliant Card are just a few examples. You will need to provide American Express with the original store receipt or a printout of an online receipt. 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. Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. is no longer available through NerdWallet. This is important because many cardholders believe American Express has the least painful claim process of any issuer. Purchase Protection Protect your shopping Enjoy stress-free shopping when you use your American Express Card, with 90-day Purchase Protection. *, Maximum coverage per account for purchase protection: $50,000 per card per calendar year.*. Cellphone protection is available for up to $800 per claim and up to $1,000 per year for phones listed on a monthly cellphone billed paid with the Freedom Flex card. Hilton Honors American Express Aspire Card. So how do we make money? The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. 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. Business cards are no exception. You will be asked certain questions about your claim at that time. Before making a significant purchase, know the benefits of each card you could use for the purchase. Improve earnings, maximize rewards and track progress toward dream trips. Eligibility and Benefit level varies by Card. Only two American Express business cards, the Delta SkyMiles Reserve Business American Express Card and The Business Platinum Card from American Express, elevate coverage to $10,000. Claims usually require original receipts and the credit card statement related to the purchase. If an eligible item is lost, accidentally broken, or stolen within 90 days of the purchase date, Amex may reimburse its value. We'd love to hear from you, please enter your comments. Maximum coverage per account for purchase protection: $50,000 per card per calendar year. Underwritten by AMEX Assurance Company. For an explanation of our Advertising Policy, visit. $10,000 per claim, $50,000 per year for the American Express Gold Card, The Platinum Card from American Express and Delta SkyMiles Reserve . Check your benefits guide for complete details. Card Rating is based on the opinion of TPGs editors and is not influenced by the card issuer. Forbes Advisor created additional star ratings so that you can see the best card for specific needs. There's a lot to love about the Amex Gold card. Consumable or perishable items such as perfume, light bulbs and batteries. Notably, American Express prepaid debit cards do not come with this benefit. The extended warranty period is an additional year and is limited to covering the actual purchase amount paid for with your card. Here is a list of our partners and here's how we make money. Finally, its not that hard to snap a photo of a receipt and retain it in your smartphones cloud storage archive for many years. 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. Learn more: The best travel credit cards right now. Visit americanexpress.com/benefitsguide for details. 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. You must file a claim within 90 days of your original purchase through this link or by calling 800-228-6855. Terms apply. Platinum. 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. Amex's extended warranty perk applies to warranties of five years or less. 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. If You have any questions about a specific item, please call us at 1-800-228-6855, if international, collect at 1-303-273-6498. This post contains references to products from one or more of our advertisers. Our partners compensate us. And you'll usually be required to file a police report if you are claiming it as stolen. Please read important exclusions and restrictions. 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. All information about Business Green Rewards Card from American Express has been collected independently by NerdWallet. Plus, AmEx can change the coverage at any time. Here, you'll need to provide a copy of the purchase receipt and proof of loss. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Delta SkyMiles Blue American Express Card. As stated, Notice of Claim should be provided to Amex within 30 days of the incident. You will be asked for a copy of the receipt, your Amex purchase record and the original warranty. Related: Best credit cards for extended warranties. Terms, conditions and limitations apply. One-of-a-kind items, such as antiques and artwork, or limited-edition items. 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. These cards, each chosen with a particular type of consumer or purchase in mind, are discussed below. Also, note that some losses are excluded such as if you left the item in an unlocked car. These are provided as guidelines only and approval is not guaranteed. The Capital One Venture X Rewards Credit Card is an excellent everyday spending card. Cards that still offer this benefit include: ** The information for these cards has been collected independently by The Points Guy. Explore our Cards Terms and Conditions Official application link: Blue Cash Everyday Card from American Express. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The annual maximum is also pretty generous at $50,000 per year for most cards. Join Date: Aug 2009. Coverage on the SPG card remains at $1,250 for carry-on baggage and $500 for checked baggage. Personal hygiene items or any devices (medical or nonmedical) that have been personally used and could be considered a health risk to others. Not all purchase protection benefits are created equal. Cash and its equivalent (including, but not limited to, gift cards and gift certificates). All American Express cards with extended warranty benefits provide the same amount of coverage. 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. 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. Provided you purchased them less than 90 days ago you should be covered. * Eligibility and benefit levels vary by card. has been collected independently by NerdWallet. As with any insurance or coverage product, AmEx purchase protection comes with limitations and exclusions. 995 0 obj <>stream Damage through altercation or modifications. There is a maximum coverage amount of $10,000 per item and $50,000 per calendar year.*. 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. Although they didnt make the top five, the following cards offer purchase protection with a limit of $10,000 per incident/claim and a limit of $50,000 per year per account (although Amex cards have a limit of $500 per event for natural disasters*). Plus, your own feed of TPG content. Terms and conditions will apply. 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. Finders keepers is not really a thing. AmEx purchase protection generally covers theft, loss and damage to eligible items within 90 days of purchase. 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. Many other issuers offer some form of damage against loss or theft for eligible items purchased with the card. Shop safe withSafeKey. Choose the color that suits your style. We lost some recently purchased shoes at an Airbnb and despite the cleaning team looking multiple times it was nowhere to be found. To start the process, log into your AmEx account and, Like insurance, purchase protection is one of those things that you hope you never have to use. The Centurion Card from American Express and The Business Centurion Card from American Express. Quote: Originally Posted by JeffD. 10 points per dollar on Chase Dining, hotels and car rentals when you purchase through Chase Ultimate Rewards; 5 points per dollar on flights when you purchase through Chase Ultimate Rewards; 3 points per dollar on other travel and dining; 1 point per dollar on other purchases. Can I file an AmEx purchase protection claim if I redeemed points? So you finally splurged for an Apple Watch and broke it a week later. The coverage is limited up to $1,000 per occurrence, up to $50,000 per Card Member account per calendar year. 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. Related: Why I switched from the Chase Freedom to the Chase Freedom Flex. However, you may want to use a card with price protection or a card that extends warranties by two years instead of just one year for some purchases. If your Card is not listed on this page, if you are an Additional Card Member, or to determine whether you have coverage, please call the number on the back of your Card to verify your benefits View Policy View Policy View Policy View Policy 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. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. So how do we make money? Purchase protection can reimburse you for the cost of repairing or replacing the item you purchased, assuming you paid for it with a card that provides purchase protection. How do I Earn Membership Rewards Points? Thankfully, many credit cards offer so-called "purchase protection" that covers theft, damage and loss within a set time after purchase. This site does not include all credit card companies or all available credit card offers. Our opinions are our own. Marriott Bonvoy Brilliant American Express Card. Select the Card below to read the full terms and conditions for Return Protection related to that Card. In this post, Ill look at the three different shopping protection policies offered by many American Express cards and explain how you can leverage these benefits to save money. 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. Return protection differs from AmEx's purchase protection, which covers you if a purchase is lost or stolen within 90 days. Related: These are the cards TPG staff reach for in case of emergency. 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. 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. Big spenders should note that the purchase protection on The Platinum Card from American Express only covers up to $10,000 per covered purchase. What You Should Know About Foreign Transaction Fees. Earn 5% cash back in categories that rotate quarterly on up to $1,500 when enrolled, 5% on travel purchased throughRead More. Please visit americanexpress.com/benefitsguide for more details. 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. If submitting a claim by phone, you will be asked certain questions about your claim. Terms, conditions and limitations apply. Learn more: The best credit cards for travel insurance benefits. Items damaged by natural disasters are subject to different terms and limits notated in each cards terms and conditions. Coverage Limits Apply. 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. Credit ranges are a variation of FICO Score 8, one of many types of credit scores lenders may use when considering your credit card application. How do I find and add Amex Offers to my Card? More information can be found, American Express makes it easy you can file your claim.