Terms put on American Express advantages and deals. Visit americanexpress.com to read more.
It’s a worst-case circumstance, you dropped your glossy brand-new laptop computer and the damages isn’t covered by the maker’s service warranty.
However, relying on what charge card you made use of to make the acquisition, you might not run out good luck. Many of the most effective charge card feature integrated insurance coverage protections, consisting of acquisition security.
If your card has acquisition security, you can be repaid for damages, loss or burglary of things you have actually just recently acquired. But, not all acquisition security advantages coincide– there are various insurance coverage restrictions and sizes of insurance coverage. It’s vital to recognize just how the acquisition security helps the card or cards you have.
Below, Select information just how acquisition security jobs and the most effective charge card with acquisition security, damaged down by cards with the highest possible insurance coverage restrictions, the lengthiest insurance coverage durations and also cards with acquisition security and no yearly charge.
Best charge card for acquisition security
Best for high insurance coverage restrictions
Best for lengthy insurance coverage duration
Best for no yearly charge
Best for high insurance coverage restrictions
American Express® Gold Card
On the American Express protected website
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Rewards
Earn 4X Membership Rewards ® factors per buck invested in acquisitions at dining establishments worldwide, on as much as $50,000 in acquisitions per fiscal year, after that 1X factors for the remainder of the year. 4X Membership Rewards ® factors per buck invested at United States grocery stores, on as much as $25,000 in acquisitions per fiscal year, after that 1X factors for the remainder of the year, 3X Membership Rewards ® factors per buck invested in trips scheduled straight with airline companies or on amextravel.com, 2X Membership Rewards ® factors per buck invested in pre-paid resorts and various other qualified acquisitions scheduled onAmexTravel com. 1X Membership Rewards ® factor per buck invested in all various other qualified acquisitions.
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Welcome reward
Earn 60,000 Membership Rewards ® factors after you invest $6,000 on qualified acquisitions on your brand-new Card in your initial 6 months of Card Membership.
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Annual charge
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Intro APR
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Regular APR
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Balance transfer charge
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Foreign deal charge
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Credit required
The Platinum Card® from American Express
On the American Express protected website
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Rewards
Earn 5X Membership Rewards ® Points for trips scheduled straight with airline companies or with American Express Travel as much as $500,000 on these acquisitions per fiscal year, 5X Membership Rewards ® Points on pre-paid resorts scheduled with American Express Travel, 1X factors on all various other qualified acquisitions
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Welcome reward
Earn 80,000 Membership Rewards ® Points after you invest $8,000 on qualified acquisitions on your brand-new Card in your initial 6 months of Card Membership.
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Annual charge
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Intro APR
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Regular APR
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Balance transfer charge
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Foreign deal charge
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Credit Needed
The charge card with the highest possible acquisition security insurance coverage restrictions cover qualified things for as much as $10,000 per insurance claim and $50,000 per account. You can be repaid for loss or harms as much as the initial acquisition rate. Keep in mind, if you require to obtain something fixed, acquisition security might just cover sensible fixings at an accredited repair service center, so make certain to call your card’s advantages manager prior to obtaining anything repaired.
- American Express® Gold Card: *Covered 90 days from the acquisition day; Up to $10,000 per acquisition (as much as $500 per acquisition for all-natural catastrophes) and $50,000 per account. Terms use.
- The Platinum Card® from American Express: *Covered 90 days from the acquisition day; Up to $10,000 per acquisition (as much as $500 per acquisition for all-natural catastrophes) and $50,000 per account. Terms use.
Best for lengthy insurance coverage duration
Chase Sapphire Preferred® Card
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Rewards
Enjoy benefits such as 5x on traveling acquired with Chase Travel ℠, 3x on eating, pick streaming solutions and on the internet grocery stores, 2x on all various other traveling acquisitions, 1x on all various other acquisitions, and $50 yearly Chase Travel Hotel Credit, plus much more.
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Welcome reward
Get as much as $1,050 in Chase Travel SM worth. Earn 60,000 reward factors after $4,000 in acquisitions in your initial 3 months from account opening. That’s worth $750 when retrieved withChase Travel Plus, stand up to $300 in declaration credit ratings on Chase Travel acquisitions within your initial year.
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Annual charge
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Intro APR
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Regular APR
20.99% – 27.99% variable on acquisitions and equilibrium transfers
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Balance transfer charge
Either $5 or 5% of the quantity of each transfer, whichever is better
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Foreign deal charge
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Credit required
Ink Business Preferred® Credit Card
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Rewards
Earn 3X factors per $1 on the initial $150,000 invested in consolidated acquisitions in pick classifications each account wedding anniversary year (traveling; delivery acquisitions; web, cord and phone company; and marketing acquisitions with social networks websites and online search engine), 1X factor per $1 on all various other acquisitions
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Welcome reward
Earn 90k reward factors after you invest $8,000 on acquisitions in the initial 3 months from account opening. That’s $900 cash money back or $1,125 towards traveling when retrieved with Chase Travel ℠
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Annual charge
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Intro APR
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Regular APR
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Balance transfer charge
Either $5 or 5% of the quantity of each transfer, whichever is better
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Foreign deal charge
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Credit required
Chase Sapphire Reserve®
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Rewards
Earn 5X overall factors on trips and 10X overall factors on resorts and cars and truck leasings when you acquire traveling with Chase Travel ℠ quickly after the initial $300 is invested in traveling acquisitions each year. Earn 3X factors on various other traveling and eating & & 1 factor per $1 invested in all various other acquisitions plus, 10X factors on Lyft adventures with March 2025
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Welcome reward
Earn 60,000 reward factors after you invest $4,000 on acquisitions in the initial 3 months from account opening.
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Annual charge
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Intro APR
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Regular APR
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Balance transfer charge
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Foreign deal charge
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Credit required
Credit card acquisition security usually just covers acquisitions for the initial 60 to 90 days. However, the cards with the most effective insurance coverage duration deal security for 120 days from the acquisition day. Most things you get with a qualified card get acquisition security, consisting of presents and things got beyond the united state But particular points usually aren’t covered, such as perishables, collectibles/antiques, computer system software application and used/pre-owned things.
Best for no yearly charge
Blue Cash Everyday® Card from American Express
On the American Express protected website
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Rewards
3% cash money back at united state grocery stores on as much as $6,000 each year in acquisitions, after that 1%, 3% cash money back at united state gasoline station, as much as $6,000 each year, after that 1%, 3% cash money back on united state on the internet retail acquisitions, on as much as $6,000 each year, after that 1%. Cash back is obtained in the type of Reward Dollars that can be retrieved as a declaration credit score or atAmazon com check out.
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Welcome reward
Earn a $200 declaration credit score after you invest $2,000 in acquisitions on your brand-new Card within the initial 6 months.
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Annual charge
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Intro APR
Enjoy 0% introduction APR on acquisitions and equilibrium transfers for 15 months from the day of account opening. After that, 18.74% to 29.74% variable APR.
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Regular APR
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Balance transfer charge
Either $ 5 or 3% of the quantity of each transfer, whichever is better.
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Foreign deal charge
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Credit required
Ink Business Unlimited® Credit Card
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Rewards
Earn 1.5% cash money back on every acquisition created your organization
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Welcome reward
Earn $750 reward cash money back after you invest $6,000 on acquisitions in the initial 3 months from account opening
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Annual charge
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Intro APR
0% for the initial one year from account opening on acquisitions; N/A for equilibrium transfers
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Regular APR
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Balance transfer charge
Either $5 or 5% of the quantity of each transfer, whichever is better
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Foreign deal charge
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Credit required
Ink Business Cash® Credit Card
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Rewards
Earn 5% cash money back on the initial $25,000 invested in consolidated acquisitions at workplace supply shops and on web, cord and phone company each account wedding anniversary year (after that 1%); 2% cash money back on the initial $25,000 invested in consolidated acquisitions at gasoline station and dining establishments each account wedding anniversary year (after that 1%); 1% cash money back on all various other acquisitions
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Welcome reward
Earn $350 when you invest $3,000 on acquisitions in the initial 3 months and an extra $400 when you invest $6,000 on acquisitions in the initial 6 months after account opening
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Annual charge
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Intro APR
0% for the initial one year from account opening on acquisitions; N/A for equilibrium transfers
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Regular APR
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Balance transfer charge
Either $5 or 5% of the quantity of each transfer, whichever is better
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Foreign deal charge
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Credit required
Chase Freedom Flex ®
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Rewards
5 %cash money back on as much as $1,500 in consolidated acquisitions in reward classifications each quarter you turn on (after that 1%), 5% cash money back on guidebook with Chase Travel ℠, 3% on pharmacy acquisitions and on eating (consisting of takeout and qualified shipment solutions), 1% cash money back on all various other acquisitions
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Welcome reward
Earn a $200 Bonus after you invest $500 on acquisitions in your initial 3 months from account opening
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Annual charge
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Intro APR
0% for the initial 15 months from account opening on acquisitions and equilibrium transfers
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Regular APR
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Balance transfer charge
Intro charge of either $ 5 or 3% of the quantity of each transfer, whichever is better, on transfers made within 60 days of account opening. After that, either $ 5 or 5% of the quantity of each transfer, whichever is better.
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Foreign deal charge
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Credit required
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Member FDIC. Terms use. Information concerning the Chase Freedom Flex ® has actually been accumulated separately by Select and has actually not been evaluated or given by the provider of the card before magazine.
The finest charge card advantages normally come connected to cards with the highest possible yearly charges. But you can obtain first-class acquisition security with a no-annual-fee card.
How charge card acquisition security jobs
Credit card acquisition security insurance coverage usually puts on acquisitions you make with a qualified card. Depending on the card’s terms, acquisitions used factors might likewise be covered.
Purchase security covers burglary, damages or loss and is second insurance coverage, which indicates it begins after various other insurance coverage such as homeowners or renters insurance. It’s also separate from benefits like extended warranty, which adds time to an original manufacturer’s warranty, and return protection, which allows you to extend an eligible item’s return policy.
What purchases are covered, how long the coverage lasts and the amount you can be reimbursed all vary depending on the card and/or card issuer. Purchase protection usually only applies for 60 to 120 days after you purchase an item and there are reimbursement limits per claim and account. Some items may not be covered, like perishables, cars, antiques or anything you buy to sell.
To file a purchase protection claim you’ll need to contact the card issuer and submit the necessary documentation. Typically, you’ll need an itemized receipt, credit statement and police report (if the item was stolen). Once your claim is approved, you’ll be reimbursed up to the value of the item or up to your coverage limit, whichever is lower.
What items are covered by credit card purchase protection
The exact inclusions and restrictions vary slightly by card. Generally, most personal property and gifts are covered, which includes items bought outside of the U.S. and items purchased with points associated with the card’s rewards program.
Depending on your coverage, there are specific categories of items or situations where your purchase protection won’t apply, including:
- Animals
- Living plants
- perishables
- Items bought for resale
- Computer software
- Boats
- Cars
- Medical equipment
- Damage or theft from fraud, abuse or war
- Damage or loss while the item is being shipped
- Damage from normal wear and tear
Comparing purchase protection benefits
We’ve outlined the key purchase protection benefit details for the cards included in our list.
Credit card purchase protection benefits
| Credit card | Coverage period | Coverage limit per claim | Coverage limit per account |
|---|---|---|---|
| The Platinum Card® from American Express | 90 days | Up to $10,000 (up to $500 per purchase for natural disasters) | Up to $50,000 |
| American Express® Gold Card | 90 days | Up to $10,000 (up to $500 per purchase for natural disasters) | Up to $50,000 |
| Chase Sapphire Reserve card | 120 days | Up to $10,000 | Up to $50,000 |
| Chase Sapphire Preferred card | 120 days | Up to $500 | Up to $50,000 |
| Ink Business Preferred® Credit Card | 120 days | Up to $10,000 | Up to $50,000 |
| Chase Freedom Flex card | 120 days | Up to $500 | Up to $50,000 |
| Amex Blue Cash Everyday card | 90 days | Up to $1,000 (up to $500 per purchase for natural disasters) | Up to $50,000 |
| Ink Business Cash® Credit Card | 120 days | Up to $10,000 | Up to $50,000 |
| Ink Business Unlimited® Credit Card | 120 days | Up to $10,000 | Up to $50,000 |
FAQs
How do I get credit card purchase protection?
To take advantage of purchase protection, you’ll need a credit card that has a purchase protection benefit. Any eligible purchase you make with a card that has purchase protection coverage automatically is covered. This can even include gifts and purchases you make outside of the U.S. Typically, cards with higher annual fees have more robust coverage with higher limits or longer coverage periods.
Who’s covered by credit card purchase protection?
The primary cardholder and authorized users can typically both take advantage of purchase protection benefits for eligible purchases. This is an especially useful benefit if your card allows you to add authorized users for free.
Is there an out-of-pocket cost for purchase protection coverage?
Purchase protection doesn’t have a deductible, but the insurance is secondary. Since it goes into effect after any primary insurance, purchase protection can cover the deductible portion you pay for other insurance coverage.
Bottom line
You may open a credit card because of its rewards program, welcome bonus or bonus spending categories, but those aren’t usually the only benefits you’ll have access to.
Many of the best credit cards have built-in insurance that automatically applies to eligible purchases, including travel insurance, cell phone protection and purchase protection. The top purchase protection plans will reimburse you for damage, loss or theft for 120 days and up to $10,000 per claim.
Understanding all of your credit card’s benefits allows you to make sure you’re not only earning the most rewards for every purchase but that you’re also taking advantage of the best insurance protections.
Why trust Select?
At Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products. While Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best credit cards for purchase protection.
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*Purchase Protection is an ingrained advantage of your Card Membership and calls for no registration. It can assist shield Covered Purchases made on your Eligible Card when they’re inadvertently harmed, swiped, or shed, for as much as 90 days from the Covered Purchase day. The insurance coverage is restricted as much as $10,000 per incident, as much as $50,000 per Card Member account per fiscal year.Coverage Limits Apply Eligibility and Benefit degree differs byCard Terms, Conditions andLimitations Apply Please browse through americanexpress.com/benefitsguide for even more information. Underwritten by AMEX Assurance Company.
For prices and charges of the American Express ® Gold Card, click here.
For prices and charges of the Platinum Card ® from American Express, click here.
For prices and charges of the Blue Cash Everyday ® Card from American Express, click here.
Editorial Note: Opinions, evaluations, testimonials or referrals shared in this post are those of the Select content team’s alone, and have actually not been evaluated, accepted or otherwise recommended by any type of 3rd party.
