Credit card purchase protection is a great perk. But there are limits on how much is covered and when you can file a claim.
Credit card protection insurance can put a pause on certain minimum payments and fees following an unexpected life event, but it may result in a monthly fee.
It’s a worst-case scenario, you dropped your shiny new laptop and the damage isn’t covered by the manufacturer’s warranty. However, depending on what credit card you used to make the purchase, you may not be out of luck. Many of the best credit cards come with built-in insurance coverages, including purchase protection. If your card has purchase protection, you can be reimbursed for damage, loss or theft of items you’ve recently purchased. But, not all purchase protection benefits are the same — there are different coverage limits and ...
Here are a few credit cards that offer extra protection on your purchases if they are damaged or stolen.
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. For most...
Many Chase credit cards offer purchase protection insurance against loss or theft of a new item. ; Depending on the card, you could be eligible for up to $10,000 per item if you submit a claim. ; Read Business Insider's guide to the best rewards credit cards.
Credit cards with purchase protection can help you get your money back, or get a replacement, if your purchase ends up damaged or stolen.
Learn about our Zero Liability policy and the layers of security Visa has developed to help protect you from unauthorized credit card purchases.
Find American Express Credit Card Terms for Purchase Protection for Eligible Credit Cards. Learn More About this Benefit & Purchase Protection Policies.
With the Bank of America® Cash Rewards credit card, earn 3% cash back in the category of your choice, 2% at grocery stores, and 1% on all other purchases.