And you'll usually be required to file a police report if you are claiming it as stolen. Almost every American Express credit and charge card offers purchase protection of some degree. *Excess of 50 applies. ^ Eligibility and benefit levels vary by card. Forbes Advisor created additional star ratings so that you can see the best card for specific needs. 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. 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. Big spenders should note that the purchase protection on. This purchase protection product covers damage and theft, but only up to $500 per claim and $50,000 per account. 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. Many other issuers offer some form of damage against loss or theft for eligible items purchased with the card. Maximum coverage per purchase protection claim: $1,000 per item ($500 per event if related to a natural disaster). The Centurion Card from American Express and The Business Centurion Card from American Express. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. shopping purchases when you use your Eligible Card. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Compare the cost in points or miles to cash, and see which option is best. Thankfully, many credit cards offer so-called "purchase protection" that covers theft, damage and loss within a set time after purchase. I got off my flight and realized 20 minutes later that they were missing, I ran back to my gate and asked the flight attendant to go look for me and she said they weren't in my seat. Many or all of the products featured here are from our partners who compensate us. If that item is lost, stolen or damaged within the first 90 days, file a Notice of Claim within 30 days to start the claims process. Shopping online for a car is an accelerating trend changing the purchase process from start to finish. Credit cards vary in the amount and duration of coverage provided, so make sure to read the terms and conditions. Amex Platinum Lost Item Purchase Protection Question So I recently. AmEx purchase protection covers lost, stolen or damaged items within the first 90 days after purchase. 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. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 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. Marriott Bonvoy Business American Express Card. 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. 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. You can also mail them at: Purchase Protection Claims Unit, PO Box 981553 El Paso TX 79998- 9920. Does the Gold card have purchase protection? Dozens of cards offer this benefit. In-built purchase protection is a valuable benefit that comes with some credit cards. The information for the Hilton Aspire Amex card has been collected independently by The Points Guy. 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. Please view our advertising policy page for more information. When evaluating offers, please review the financial institutions Terms and Conditions. American Express consumer cards all offer purchase protections for eligible purchases for 90 days from the date of purchase to file a claim. Commissions do not affect our editors' opinions or evaluations. Keep in mind that if you have a primary insurance policy covering the item, you must file a claim there before approaching your credit card issuer to use purchase protection. 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. If an eligible item is lost, accidentally broken, or stolen within 90 days of the purchase date, Amex may reimburse its value. Get more smart money moves straight to your inbox. All policies have a maximum limit of $50,000 in claims per calendar year. For example Mastercard offers Purchase Assurance to many Mastercard holders. 961 0 obj <> endobj Our opinions are our own. 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. 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. Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. Find the right card for you. Provided you purchased them less than 90 days ago you should be covered. *, Maximum coverage per account for purchase protection: $50,000 per card per calendar year.*. Who should (and shouldnt) get the Capital One Venture X card? The extended warranty period is an additional year and is limited to covering the actual purchase amount paid for with your card. NerdWallet strives to keep its information accurate and up to date. The coverage is limited up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Editorial disclaimer: 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 Points Guy, Forbes Advisor, AwardWallet, LendingTree. 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. 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*). Tip: Use WalletFlo for all your credit card needs. Credit Score ranges are based on FICO credit scoring. Choose the color that suits your style. Here is a list of our partners and here's how we make money. Gifts are covered as long as they were purchased using an eligible card, Eligible World and World Elite MasterCard cards, Guide to Visa Signature benefits via CapitalOne. 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 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. Notably, American Express prepaid debit cards do not come with this benefit. Other shopping protections: Extended warranty protection adds an additional year to eligible manufacturers warranties of three years or less while return protection covers returns within 90 days of purchase. same thing happened to me, left a small bag under front seat. In the event of theft, you must also include a copy of a police report. These are provided as guidelines only and approval is not guaranteed. One-of-a-kind items, such as antiques and artwork, or limited-edition items. Our opinions are our own. In contrast, more than a dozen personal American Express cards include loss as a qualified purchase protection reason in their benefits. Be sure to check your cardholder agreement for your specific benefits. *Eligibility and benefit levels vary by card. Related: These are the cards TPG staff reach for in case of emergency. However, there are varying levels of protection. When you purchase an item with a manufacturer's warranty, this benefit can add an extra year to the warranty. Earn 4X Membership Rewards Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). 3 points per dollar on travel, shipping, internet services, cable services, phone services and advertising with social media sites/search engines (on the first $150,000 in combined purchases each account anniversary year, then 1 point per dollar); 1 point per dollar on other purchases. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Youre out of luck, right? 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. The Blue Business Plus Credit 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. A copy of the claim settlement from your primary insurance company, if applicable. The information for the Amex Green Card has been collected independently by The Points Guy.