Picture this: you've just spent a significant amount of money on a brand-new product that you're excited about. You feel reassured knowing that it comes with a manufacturer's warranty if anything goes wrong. But what if there was a way to extend that warranty even further, at no additional cost to you? One simple solution is choosing a credit card that offers extended warranties as a perk! In this article, we will explore some of the best credit cards for extended warranty coverage, helping you make the most of your investment and protect your purchase.
Best Credit Cards For Extended Warranty Table of Contents
What is Extended Warranty Coverage?
Things to Consider When Choosing a Credit Card for Extended Warranty
What is Extended Warranty Coverage?
Extended warranty coverage is an added protection that kicks in after the manufacturer's warranty expires. By using a credit card that offers extended warranty, you can save money by avoiding paying additional fees for extended warranty services. This coverage typically provides repair or replacement for a certain period of time beyond the manufacturer's warranty.
Things to Consider When Choosing a Credit Card for Extended Warranty
When looking for the best credit card for extended warranty, there are several factors you should consider:
- Eligible purchases: Make sure the card you choose offers coverage for the type of products you typically buy.
- Length of coverage: Look for cards that offer a generous extension on the manufacturer's warranty.
- Claim limit: Some cards may have limitations on the maximum amount they cover for a repair or replacement, so make sure it suits your needs.
- Exclusions: Be aware of any exclusions in the warranty coverage, such as accidental damage or wear and tear.
Best Credit Cards for Extended Warranty
Now that we know what to look for, let's check out some of the best credit cards for extended warranty coverage:
1. Chase Sapphire Preferred Card:
- Doubles the manufacturer's warranty up to an additional year on eligible warranties of three years or less.
- Maximum coverage of $10,000 per claim and $50,000 per account.
2. American Express® Gold Card:
- Extends the manufacturer's warranty by up to an additional year on eligible warranties of five years or less.
- Maximum coverage of $10,000 per claim and $50,000 per calendar year.
3. Capital One Venture Rewards Credit Card:
- Doubles the manufacturer's warranty up to an additional year on eligible warranties of three years or less.
- Maximum coverage of $10,000 per claim and $50,000 per account.
4. Citi® Double Cash Card:
- Extends the manufacturer's warranty by 24 months on eligible warranties of five years or less.
- Maximum coverage of $10,000 per claim and $50,000 per year.
5. Discover it® Cash Back:
- Doubles the manufacturer's warranty up to an additional year on eligible warranties of three years or less.
- Maximum coverage of $10,000 per claim.
Best Credit Cards For Extended Warranty Example:
Imagine you've purchased a new smartphone for $1,000, and it comes with a one-year manufacturer's warranty. If you pay for it using your American Express Gold Card, you will receive an additional one-year warranty. Should something go wrong with the phone within two years, you can file a claim under the extended warranty coverage provided by your credit card, potentially saving you hundreds of dollars in repair or replacement costs.
Taking advantage of extended warranty coverage with the right credit card can save you money and provide peace of mind when making significant purchases. We hope that this guide has helped you gain a better understanding of which credit cards offer the best warranty extension benefits. If you're interested in learning more about personal finance and investing, be sure to explore other articles on Flik Eco. Don't forget to share this guide with friends and family who might also benefit from extended warranty coverage through their credit card!
