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Rewards vs extended warranty on ps5

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Wrigley2172
Frequent Contributor

Rewards vs extended warranty on ps5

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!

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Message 1 of 13
12 REPLIES 12
Anonymous
Not applicable

Re: Rewards vs extended warrenty on ps5

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.  

 

 

Message 2 of 13
blindambition
Senior Contributor

Re: Rewards vs extended warrenty on ps5

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.

Message 3 of 13
Wrigley2172
Frequent Contributor

Re: Rewards vs extended warrenty on ps5


@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

Affinity Cash Rewards: 15,000
Amex BCP: 30,000
Amex Platinum
BCU Cash Rewards: 18,000
Discover it: 14,700
TJX Mastercard: 2,500
Venmo: 10,000
>>23k student loan-payed off
Ficos 8's ~790
Inq: EX:1 EQ:1 TU:1
Message 4 of 13
BetterMoves
Regular Contributor

Re: Rewards vs extended warranty on ps5

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

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Message 5 of 13
Anonymous
Not applicable

Re: Rewards vs extended warranty on ps5

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

Message 6 of 13
Anonymous
Not applicable

Re: Rewards vs extended warranty on ps5

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.

Message 7 of 13
Anonymous
Not applicable

Re: Rewards vs extended warranty on ps5

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

 

Message 8 of 13
FinStar
Moderator Emeritus

Re: Rewards vs extended warranty on ps5

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.  

Message 9 of 13
Anonymous
Not applicable

Re: Rewards vs extended warranty on ps5


@Anonymous wrote:

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

 


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.

 

 

Message 10 of 13
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