topic Re: Best CC for Purchase Protection (Lost Items) in Credit Cards

Best CC for Purchase Protection (Lost Items)

Anonymous — Wed, 18 Apr 2018 17:51:18 GMT

I know most cards offer purchase protection for damaged and stolen items. Reading through the terms I don't see anything on lost items. Is there a card out there that offers this for items that are simply lost and not necessarily stolen?

Re: Best CC for Purchase Protection (Lost Items)

trant3 — Wed, 18 Apr 2018 17:53:42 GMT

Only Amex Platinum

Re: Best CC for Purchase Protection (Lost Items)

Anonymous — Wed, 18 Apr 2018 17:58:58 GMT

Ahh thanks. Don't think I'm going to get it just for that.

Re: Best CC for Purchase Protection (Lost Items)

wasCB14 — Wed, 18 Apr 2018 18:08:29 GMT

Prestige benefit guide:

"If an item is purchased with your Citi card and/or ThankYou® Points and is damaged, lost, or stolen within 120 days (90 days for New York residents) of purchase or delivery of the item, whichever is first, we may repair it or reimburse you up to the amount paid with your Citi card and/or ThankYou® Points. You’re covered for up to $10,000 per item, up to $50,000 per year, per Citi card account."

My Costco card doesn't include it. I've not checked other Citi cards.

Re: Best CC for Purchase Protection (Lost Items)

Anonymous — Wed, 18 Apr 2018 19:07:29 GMT

Here is a list of AMEX cards and their protection policy.

https://www.americanexpress.com/us/credit-cards/features-benefits/policies/purchase-protection-terms.html

Re: Best CC for Purchase Protection (Lost Items)

UpperNwGuy — Wed, 18 Apr 2018 19:41:27 GMT

Credit card companies (Citi, Discover, and Chase) have been nerfing insurance coverages and purchase/price/return protections like crazy in the last few months. I would not assume that any card that has these benefits today will still have those protections a few months from now. I would not chose a card just because it has these benefits, because when the benefits are cancelled, it often affects exisiting cardholders as well as new ones.

Re: Best CC for Purchase Protection (Lost Items)

Anonymous — Thu, 19 Apr 2018 03:10:26 GMT

AMEX Platinum, AMEX Delta Reserve, and Citi Prestige are the only cards I'm aware of that offer this benefit.

I don't have experience with Citi, but my experience with Amex for purchase protection claims has been excellent--definitely easier than Chase, at least.

Re: Best CC for Purchase Protection (Lost Items)

Shadowfactor — Thu, 19 Apr 2018 03:51:12 GMT

Delta Gold and Amex PRG have insurance against lost items up to 90 days.

Re: Best CC for Purchase Protection (Lost Items)

Shadowfactor — Thu, 19 Apr 2018 05:57:23 GMT

I just read the terms and conditions for the Premier Rewards Gold card directly from amex under the purchase protection page.

It specifically states that lost, damaged and stolen items are covered.

I’m not an attorney so I could be wrong about this, but that is what the terms for the PRG state. I even searched the document for any mention of the platinum card and all that is mentioned is the PRG.

Re: Best CC for Purchase Protection (Lost Items)

wasCB14 — Thu, 19 Apr 2018 06:40:57 GMT

@Shadowfactor wrote:
I just read the terms and conditions for the Premier Rewards Gold card directly from amex under the purchase protection page.

It specifically states that lost, damaged and stolen items are covered.

I’m not an attorney so I could be wrong about this, but that is what the terms for the PRG state. I even searched the document for any mention of the platinum card and all that is mentioned is the PRG.

~~Link and relevant quote? Or, if the text doesn't copy-paste neatly, a link, page number, and relevant paragraph?~~

This does include PRG: https://www.americanexpress.com/us/credit-cards/features-benefits/policies/purchase-protection/faq.html

Re: Best CC for Purchase Protection (Lost Items)

wasCB14 — Thu, 19 Apr 2018 06:25:52 GMT

Exactly what Platinum covers seems to vary by state...edited earlier post.

Re: Best CC for Purchase Protection (Lost Items)

Anonymous — Thu, 19 Apr 2018 16:16:52 GMT

This is a very nice protection feature, don't get me wrong. But I think this is the reason why CCC are reducing these types of features. Damage or theft I can understand, but loss? If you're careless enough to lose something, that really is on you isn't it? Why should your CC replace the iPad you just bought 3 days ago, because you left it on the park bench, coffee shop or plane?

On the flip side, it would definitely make the AF on those cards worthwhile! Makes me want to buy everything with the PRG. lol

Re: Best CC for Purchase Protection (Lost Items)

Anonymous — Thu, 19 Apr 2018 16:46:28 GMT

Thanks for the info. After looking at my Chase cards, they offer this "theft, damage or involuntary and accidental parting with property". Would involuntary and accidental parting of property cover lost items?

Also when it comes down to it. Why should a credit card cover damage or theft at all? I really see no difference between them offering that and lost coverage. They're under no obligation to provide any of the 3.