topic Re: Rewards vs extended warranty on ps5 in General Credit Topics

Rewards vs extended warranty on ps5

Wrigley2172 — Thu, 12 Nov 2020 19:14:11 GMT

Afternoon all!

Currently hunting for ps5 on the various websites, wish me luck! But im having a dilemma, should i go for 5% back with my disco and or cash rewards card with a 5% on everything sub currently or should i take the 1% hit and take advantage of my BCP's extended warranty protection? Looking for opinions

Thanks in advance!

Re: Rewards vs extended warrenty on ps5

Anonymous — Thu, 12 Nov 2020 18:31:35 GMT

I guess it would really depend on what's in the fine print on the warranty, and what exactly it covers and for how long. Versus getting $25 cash back now, and/or using that Money to purchase a plan that protects more for longer.

Re: Rewards vs extended warrenty on ps5

blindambition — Thu, 12 Nov 2020 19:04:53 GMT

Warranty would be more important to me on $500 and up product. I know you get the 1 year limited warranty, but it's a brand spanking new console. No service or failure history to go by. Unless you get a warranty that covers accidental damage. In that case I'd go for rewards.

Re: Rewards vs extended warrenty on ps5

Wrigley2172 — Thu, 12 Nov 2020 19:15:40 GMT

@Anonymous wrote:
I guess it would really depend on what's in the fine print on the warranty, and what exactly it covers and for how long. Versus getting $25 cash back now, and/or using that Money to purchase a plan that protects more for longer.

Ill have to take a look at the fine print and see what available, right now im kinda banking on walmart being able to give me one with their multiple releases throughout today. Ill look and see what their own warranty provides and consider using the rewards to purchase that as you said

Re: Rewards vs extended warranty on ps5

BetterMoves — Thu, 12 Nov 2020 23:09:47 GMT

I don't know much about the reliability of gaming consoles in general, but I would give extended warranty the priority.

Re: Rewards vs extended warranty on ps5

Anonymous — Fri, 13 Nov 2020 00:32:39 GMT

I think it's hit and/or miss when it come to reliability and just how much wear is put on it. Obviously any brand new untested item comes with uncertainty. Personally though I have only known of a few failures rigth out of the box or within weeks of playing, and only had one issue myself with a defective Xbox years ago. To date all my systems haev lived until upgraded to the nextgen.

Not that $500 isn't alot of Money but when it comes to $3K for household appliances i'd definitely be for getting a warranty on those, wheras a Console I'd likely just cut my losses and buy a new one. Though I would certainly give Sony/Microsoft/Nintendo a pice of my mind for having to do such a thing way early in onwership and happen to be just out of warranty. lol

Also dealing with manufacturer warranty just covers getting it fixed, meanwhile you're out of gaming while it's being repaired. It's much better to get an expanded warranty that replaces it. IMO

Re: Rewards vs extended warranty on ps5

Anonymous — Fri, 13 Nov 2020 17:28:38 GMT

I personally have never paid a penny for extended warranties / protection plans on anything. Not cars, phones, electronics, applicances, or anything else where someone asks if I want to add it at the time of purchase. I have never felt the need to have them and personally have never seen value in them. To this day, over 20 years of operating with that mindset and I can't think of a single time I've regretted it. The few times (which I can count on one hand) that I have had any issues with a product over the decades it has occurred during the standard manufacturers warranty period and was taken care of to my satisfaction.

I've lived by this mindset with commerical products/equipment used at my job as well and have never had an issue.

Re: Rewards vs extended warranty on ps5

Anonymous — Fri, 13 Nov 2020 21:03:05 GMT

I guess that also means you don't carry Auto/Home/Life Insurance.

Re: Rewards vs extended warranty on ps5

FinStar — Fri, 13 Nov 2020 23:22:32 GMT

Well, there's always the other side of the coin just as experiences would differ for say Rupert and Cornelius 😁

One of them could skate well through life without the need for the extra warranties or such extra protections and that's perfectly fine. Some individuals live frugally, some don't mind splurging on the extras.

The other individual could experience an issue with an appliance (manufacturing defect or the like) past the warranty's expiration period (even if they chose a payment method that extended the manufacturer's warranty) or with something that they intend to keep for a while. It's a personal choice as far as what individuals want to do with their $$$ and weigh their options on the replacement value or the ancillary costs of adding such warranty or how long (or if) they intend on keeping such durable goods.

Re: Rewards vs extended warranty on ps5

Anonymous — Sat, 14 Nov 2020 06:36:17 GMT

@Anonymous wrote:
I guess that also means you don't carry Auto/Home/Life Insurance.

Apples to oranges since warranties are optional and many types of insurance aren't.

FS I agree that it's personal preference and was just sharing mine. What is good for Rupert may not necessarily be good for Cornelius, indeed.

Re: Rewards vs extended warranty on ps5

Conceptual23 — Sat, 14 Nov 2020 12:54:24 GMT

Good luck with your search. I've all but given up at this point.

Re: Rewards vs extended warranty on ps5

ccquest — Sat, 14 Nov 2020 16:41:23 GMT

Not the topic, but just wanted to share another store to watch. I got mine through ANTOnline, same as I did my Ryzen CPU earlier in the year. They are lesser known, but the site still crashed when I was ordering (because Wario64 tweeted out their links).

Good luck though, with 3 of us trying none were able to order through Walmart this week at any time slot. Got issues at the checkout page each time.

basically,Re: Rewards vs extended warranty on ps5

Anonymous — Sat, 14 Nov 2020 19:42:16 GMT

@FinStar wrote:
The other individual could experience an issue with an appliance (manufacturing defect or the like) past the warranty's expiration period (even if they chose a payment method that extended the manufacturer's warranty) or with something that they intend to keep for a while. It's a personal choice as far as what individuals want to do with their $$$ and weigh their options on the replacement value or the ancillary costs of adding such warranty or how long (or if) they intend on keeping such durable goods.

Basically. I've read so many bad reviews on Refrigerators that I don't want to chance spending $3K and wind up with a lemon, especially when i hear that the manufacturer doesn't even try to resolve the issue. And that's seperate from all the food lost when it goes belly up while you're not home. To me it's about protection and not throwin good Money after bad.