Home Comparing Benefits Which Premium Credit Card Provides the Best Extended Warranty?

Which Premium Credit Card Provides the Best Extended Warranty?

If you’re purchasing a holiday gift with a cord or batteries—and you want to guarantee its longevity—this post is for you. Consider it your holiday gift!

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Which Premium Credit Card Provides the Best Extended Warranty?
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Last week we covered the arcane and underutilized credit card benefit of Price Protection, insurance that covers price drops and reimburses cardholders on advertised price differences. However, while some seek the best possible price of the moment, others are more concerned with the longevity of purchases, especially when it comes to items such as electronics.

Thankfully, all premium credit cards come with an Extended Warranty benefit as part their specific shopping and purchase perks. In the most general sense, this benefit provides an extra year or two of the manufacturer’s warranty, covering specific defects. If the item breaks and cannot be repaired, your credit card will typically reimburse you in the form of a statement credit or a check for the product’s original value.

However, like all other credit card benefits, there’s plenty of fine print to make things more complex (especially when purchasing in-store extended warranties or service plans such as Apple’s AppleCare or Best Buys’ Geek Squad protection). With some credit cards, it doesn’t behoove—it actually harms—consumers to purchase an in-store extended warranty.

Below is the scoop on the Extended Warranty benefit for our core premium cards at CreditCardPro. Note that all purchases must be new items, and each card excludes specific purchases such as motorized vehicles, medical equipment, and computer software (not hardware). Some cards require your purchase to be entirely on the card, others in part. It’s also a good idea when buying a big-ticket item to store a copy or photo of your original itemized store receipt, your card record of purchase, and the original manufacturer’s warranty. Happy shopping!

BEST Citi Prestige® Card 
When you charge your purchase in part to the Citi Prestige Card or use Thank You points, you are automatically entitled to the Extended Warranty protection. Pro Tip: Citi Prestige is also the top card for Price Protection and overall is the best card for your holiday purchases.
Extended Warranty time: Two years on eligible manufacturer’s warranties of five years or less. This card also provides an extra two years on customer-purchased extended warranties or service plans (with a total maximum coverage time of seven years). For example: You purchase a Mac with a three-year AppleCare plan. You’ll be covered for two years beyond the AppleCare plan (for issues covered under the original manufacture’s warranty), bringing your coverage to five years (three under AppleCare; two under Citi Prestige).
Amount allowed per claim and per year: $10,000 per claim; there’s no official limit on amount of claims per year.
Filing a Claim: Call 1-866-506-5222 or go to www.citi.com/prestige to download a claim form, which must be submitted within 180 days of product failure.
Form of payment: Reimbursement comes in the form of a statement credit.

American Express Platinum and Gold Cards
When you charge your purchase entirely on your American Express Card or use Membership Rewards Points and/or Pay with Points, you are automatically covered under Extended Warranty protection.
Extended Warranty time: One year on eligible manufacturer’s warranties of five years or less. These cards also provide an extra one year on customer- purchased extended warranties (with a total maximum coverage time of five years). For example: You purchase a Mac with a three-year AppleCare plan. You’ll be covered for one year beyond the AppleCare plan (for issues covered under the original manufacture’s warranty), for a total of four years.
Amount allowed per claim and per year: $10,000 per claim; $50,000 maximum payout in claims per year.
Filing a Claim: This is the only card that allows you to file a claim online, at www.americanexpress.com/onlineclaim, or by calling 1-800-225-3750 within 30 days of product failure.
Form of payment: Reimbursement comes in the form of a statement credit.

Luxury Cards: Mastercard® Black Card™, Mastercard® Gold Card™, Mastercard® Titanium Card™
When you charge your purchase entirely to your Luxury Card or use the card’s reward points, you are automatically entitled to the Extended Warranty protection.
Extended Warranty time: Double the manufacturer’s warranty up to two years on eligible manufacturer’s warranties of two years or less. These cards add two years on customer-purchased extended warranties less than 24 months (with a total maximum coverage time of four years). In such cases, you will lose coverage if you purchase a three-year in-store service plan such as AppleCare, since coverage is only provided on warranties—regular or extended—of two years or less.
Amount allowed per claim and per year: $10,000 per claim; there’s no official limit on amount of claims per year.
Filing a Claim: Call 1-800-627-8372 to open a claim within 90 days of product failure.
Form of payment: Reimbursement comes in the form of a mailed check.

Chase Sapphire Reserve® and Preferred cards
When you charge your purchase in part to the Chase Sapphire Reserve Card or use Ultimate Rewards points, you are automatically entitled to the Extended Warranty protection. These cards suggests registering major purchases with the Benefits Administrator immediately and submitting warranty and purchase information to be kept on file in the event an extended warranty claim ever needs to be filed.
Extended Warranty time: One year on eligible manufacturer’s warranties of three years or less. There are no extra years provided on extended in-store warranties or service plans.
Amount allowed per claim and per year: $10,000 per claim; $50,000 maximum payout in claims per year.
Filing a Claim: Call 1-888-675-1461 for Reserve, 1-888-320-9961 for Preferred within 90 days of product failure.
Form of payment: Reimbursement comes in the form of a mailed check.

U.S. Bank Altitude Reserve Visa Infinite® Card
When you charge your purchase entirely to your U.S. Bank Altitude Reserve Visa Infinite Card and/or use reward points obtained from the card, you are automatically entitled to the Extended Warranty protection. This card suggests registering major purchases with the Benefits Administrator immediately and submitting warranty and purchase information to be kept on file in the event an extended warranty claim ever needs to be filed.
Extended Warranty time: One year on eligible manufacturer’s warranties of three years or less. There are no extra years provided on extended in-store warranties or service plans.
Amount allowed per claim and per year: $10,000 per claim; $50,000 maximum payout in claims per year.
Filing a Claim: Call 1-888-221-3289 within 60 days of product failure or download forms at www.cardbenefitsservices.com.
Form of payment: Reimbursement comes in the form of a mailed check.

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Award-winning travel writer and economist Paul Rubio is a credit card enthusiast, whose sophisticated use of points and rewards has helped him travel to 125 countries for free. Paul is a Harvard graduate with a master’s degree in public administration and a master’s degree in economics. He also holds a bachelor’s degree from Boston University with a double major in economics and environmental policy and a minor in conservation biology. He attended both undergraduate and graduate schools on full scholarships. Paul worked in the field of wildlife conservation before embracing his writing talents full-time in 2008. Since then, he has won more than two dozen national awards for his exemplary work in travel journalism. The prolific writer contributes to a number of top-tier international, national, and regional publications including Condé Nast Traveler, Fodors.com, Palm Beach Illustrated, Private Clubs, and Robb Report.