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Purchase Protection

Member

Purchase Protection

Just wondering what everyone's experience is with purchase protection on various cards. I have a Visa Signature, World Mastercard, Discover, and American Express, but I don't know which one offers the best purchase protection. Any ideas?

Message 1 of 6
5 REPLIES
Valued Contributor

Re: Purchase Protection

Amex in my case


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Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 2 of 6
Frequent Contributor

Re: Purchase Protection

I would say amex

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Message 3 of 6
Established Member

Re: Purchase Protection

American Express offers benefits for eligible purchases that will cover the cost of accidental damage or theft within 90 days of purchase. My buddy bought a laptop from BestBuy and the screen cracked in the first 30 days, and Amex completely covered the cost painlessly. American Express is known for their level of service and purchase protection.


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Current Score: Eq 745 TU 740
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Message 4 of 6
Valued Contributor

Re: Purchase Protection


bryan8392 wrote:

Just wondering what everyone's experience is with purchase protection on various cards. I have a Visa Signature, World Mastercard, Discover, and American Express, but I don't know which one offers the best purchase protection. Any ideas?


Fortunately, I've never had to use this benefit. I'd like to hear people's experiences as well.

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Message 5 of 6
Super Contributor

Re: Purchase Protection


bryan8392 wrote:

Just wondering what everyone's experience is with purchase protection on various cards. I have a Visa Signature, World Mastercard, Discover, and American Express, but I don't know which one offers the best purchase protection. Any ideas?


It honestly depends on the lender itself, rather than the payment network you are using. 

 

Discover and American Express have pretty good reviews regarding this.

As for Visa and MC, it really depends on which lender you are dealing with. Each of those lenders sub-contract this to other warranty / insurance companies. 

 

When you're filing a dispute or protection or warranty claim for anything you're dealing with those insurance companies, not Visa or MC. 

Discover, American Express and Citi are the only ones I know where the insurance company in charge of these claims happen to be a subsidary of the banking institution as well. 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
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