Understanding the Perk of a Credit Card Extended Warranty

Many manufacturers warranty their products against defects or certain other issues for a period of time. This is known as the manufacturer’s limited warranty, and depending on the product, it might provide coverage for a period as short as 30 days or as long as three or more years. In many cases, by swiping the right piece of plastic at checkout, you can get an automatic credit card extended warranty.

What Is Extended Warranty Coverage?

An extended warranty is any coverage that goes beyond what the manufacturer provides automatically when you buy a product. Extended warranties are often available for purchase from third parties.

For example, you might purchase an appliance at a home-improvement store like Home Depot or a piece of electronics at a big-box store such as Best Buy. When you pay, you might be asked if you want to purchase extra warranty coverage of several years beyond the manufacturer warranty. In some cases, these warranties step in to provide additional coverage, such as replacing the product if it is damaged or falls victim to typical wear and tear.

What is a Credit Card Extended Warranty?

Some credit card accounts come with a special perk. If you purchase a qualifying product with your card, the card network backs your purchase with an extended warranty coverage. The extended warranty coverage that comes with some of the best credit cards usually extends the manufacturer’s warranty for up to a year longer.

The length of an extended warranty offered can vary by card, and the credit card network won’t extend a warranty past a certain time. Typically, if the manufacturer offers more than a five-year limited warranty, no card network adds time to that. Some only add time if the manufacturer’s warranty is three years or less. Others only add to a manufacturer’s warranty that ends within 12 months.

How Can You Tell if Your Credit Card Includes Extended Warranty Protection?

Many major cards, including some on Visa, American Express and MasterCard networks, offer warranty protection. The best way to find out if your credit card company includes this perk is to read your benefits guide, which is included in the paperwork that came with your card. You can also usually find this information online if you have an online account for the card or you can call the customer service number for your credit card issuer and ask.

Does My Visa Card Have an Extend Warranty?

If your card is a Visa Signature card, then this extra perk is included. Simply look for the words Visa Signature on the front of your card. If you don’t see those words, consult your benefits paperwork or call customer service to get the details about card benefits.

Does Capital One Offer Extended Warranty?

Yes, some Capital One cards come with extended warranty protection. This is because Capital One cards are typically issued on either the Visa or MasterCard network, and it’s the network that provides the warranty coverage.

Does the Costco Visa Include Extended Warranty Perks?

Yes, someCostco-branded Visa credit cards include an extended warranty perk. This is also true for several other branded cards for various stores, hotel chains or airlines.

How Does the Visa (or Other) Extended Warranty Work?

Credit card extended warranty programs have some unique guidelines but do tend to follow the same overall concept. You pay for an eligible item with your credit card. If a covered issue arises after the manufacturer’s warranty coverage is up but before the extended time period covered by the card network, then you can file a claim to be reimbursed for the loss. To file a claim, you’ll need to call the benefits administrator for your credit card issuer.

  • American Express: 1-800-225-3750
  • Visa: 1-800-882-8057
  • MasterCard: 1-800-622-7747

When you make a purchase with your credit card, keep the receipt in case you need to file a claim. Also keep the manufacturer’s warranty, receipt, serial number and product description information on hand. You’ll need all of this information when you make the phone call to file a claim.

Make it a habit to start a paper file whenever you spend big on something. That way, you’ll be ready in case you need to use this benefit. But do note that not all purchases are covered by these rewards. Examples of what’s not covered include boats, motorized vehicles, computer software and used or pre-owned items.

Extra Protection by Paying with Credit Cards

The credit card extended warranty isn’t the only perk you might get when you pay with your credit card. Some cards offer buyer’s remorse protection, ensuring you can always return eligible items within certain windows, or travel and road protections for peace of mind when you find yourself 100 miles or more away from home.

Understanding how credit cards work and what benefits you get from yours lets you get added value when making purchases. Start off right by choosing the best credit card for your needs and using it wisely as one resource in your personal money management toolbox.

The post Understanding the Perk of a Credit Card Extended Warranty appeared first on Credit.com.

Source: credit.com

Best credit cards for international travel

The best credit cards for international travel can make traveling a more comfortable and rewarding experience, and in more ways than one.

The right rewards credit card can help you score valuable travel perks like airport lounge access and expedited airport security. Some cards even let you avoid unnecessary foreign transaction fees. The top travel cards in the market also let you earn points and miles you can redeem for free flights, hotel stays and more.

If you’re in the market for a credit card for international travel, you’ll want to compare all the top cards to see how they might work for your travel style and goals. Keep reading to learn about the best credit cards for travel overseas, what they offer in terms of perks and rewards and how you can sign up.

Chase Sapphire Reserve®

  • Best for lounge access: The Platinum Card® from American Express
  • Best for flexibility: Capital One Venture Rewards Credit Card
  • Best for infrequent international trips: Chase Sapphire Preferred® card*
  • Best with no annual fee: Bank of America® Travel Rewards credit card
  • Students: Bank of America® Travel Rewards Credit Card for Students*
  • Chase Sapphire Reserve: Best credit card for international travel

    The Chase Sapphire Reserve is frequently listed as the top travel credit card on the market today, and for good reason. This card gives you 3X points on travel and dining purchases plus 1 point per $1 on everything else you buy. Through March 2022, you will also earn 10 points each dollar you spend on rides with Lyft. As an added bonus, you will earn 3X points on up to $1,000 per month in grocery spending through April 30, 2021 as well.

    New cardholders are also eligible to earn 50,000 points after spending $4,000 within three months of account opening. That’s worth $750 in travel through the Chase Ultimate Rewards portal.

    Redemption options are very flexible: You can redeem rewards as statement credits toward any travel purchase, or for travel through the Chase portal to get a 50% redemption bonus (making your points worth 1.5 cents apiece). Also, you can transfer your points at a 1:1 rate to 11 travel partners, including United MileagePlus and Southwest Rapid Rewards.

    In exchange for the $550 annual fee, you’ll also receive excellent travel benefits like a TSA Precheck or Global Entry credit and a Priority Pass Select airport lounge membership. Furthermore, the card comes with some of the best travel protections around, including trip cancellation and interruption insurance and primary car rental insurance.

    The card also offers a $300 annual travel credit that applies to most travel purchases. So, if you make at least $300 in travel purchases each year, you’ll cancel out most of the card’s fee.

    if you do the math, you’ll find that the Sapphire Reserve is usually the better value if you travel often, despite its higher fee.