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There are several reasons to use your credit card for large purchases. First of all, many credit cards allow you to earn rewards as a percentage of your spend and most come with zero liability coverage to protect against fraud.

Some credit cards have added protections and benefits that help you get a refund for eligible products in the event of a problem. Includes Purchase Protection, a unique benefit offered through credit cards that can help repair or replace purchased items.

For furniture, appliances or other large purchases, continue reading this article to learn more about purchase protection, how this coverage can help you save money, which credit card Learn if there are protections for

What is Credit Card Purchase Protection?

Credit card purchase protection generally applies to purchases made with a credit card over a period of time. This important guarantee means that if your purchase is damaged or stolen, you can get your product refunded or receive a replacement, usually within 90-120 days.

Imagine buying a new laptop computer and paying full price. We charge credit cards that offer purchase protection. If your laptop stops working within this warranty period, you can use credit card purchase protection to repair or replace your item within policy limits.

However, purchase protection does not come with unlimited amounts.Generally speaking, there are per-claim limits and annual or lifetime plans limits. Certain types of purchases tend to be excluded from Purchase Protection. This is explained below.

How to use Purchase Protection

Credit cards that offer Purchase Protection extend this coverage only if the credit card is used to pay for the covered item. increase. However, if you purchase an item with a reward earned on a credit card that offers purchase protection, you may still be eligible for this protection. Here's what Chase says in his bylaws about eligibility for coverage:

Purchase protection allows you to repair, replace, or refund a covered item if it is stolen or damaged when purchased with a covered Chase card. Or with rewards earned with eligible Chase cards.

If you pay for an item with your credit card, reward points, or a combination of the two, that item will automatically be covered unless listed as an excluded item in your card's rewards guide. subject to If your product is damaged or stolen while your Purchase Protection is in effect, you will generally be directed to make a claim by calling our claims hotline or completing our online claim form.

General Purchase Protection Exclusions

As noted above, not all purchases are covered by Purchase Protection and exclusions may vary by issuer. . If you plan to use your credit card to cover your purchases, read the coverage fine print carefully to see what is covered and what is not covered.

General exclusions include used or second-hand items, items that were in plain sight before they were stolen, antiques and other collectibles, computer software, and items purchased commercially for resale. , boats and other motorized vehicles. Items confiscated by governments, items lost due to acts of war, items with normal wear and tear, or items mysteriously lost may also be excluded.

Best Credit Cards That Offer Purchase Protection

There are many reward credit cards with purchase protection that can help you recover your losses in the event of damage or theft. Here are some of the best options available today:

Chase Freedom Flex

• Purchase Protection Coverage: Up to 120 Benefits up to $500 per claim for damage or theft up to $50,000 per account
• Welcome Bonus: 3 months after account opening $200 bonus when you spend $500 within
• Reward rate: 5% cashback (1% thereafter) when you spend up to $1,500 in quarterly bonus categories after activation, 5% back on travel booked through Chase Ultimate Rewards, dining and drugstore purchases 3% back on purchases, 1% back on other purchases, and (until March 2025) 5% back on Lyft rides
• Annual fee: $0

Why we love it: Chase Freedom Flex℠ offers lucrative rewards across a variety of popular spending categories. After activation, you can spend up to $1,500 in categories that rotate quarterly and earn 5%, as well as earn 5% on travel booked through Chase Ultimate Rewards. 3% back on dining and drugstore purchases is also a big plus, especially considering the card doesn't charge an annual fee.

Cardholders also receive a 0% APR for purchases over a 15-month period, followed by a variable APR of 18.74% to 27.49%. Plus, the card comes with World Elite Mastercard benefits like cell phone protection, discounts on Lyft rides, ShopRunner membership and more.

Chase Freedom Unlimited

• Purchase Coverage: Up to 120 days of damage or theft coverage up to $500 per claim; $50,000 per account
• Welcome Bonus: Extra 1.5% cashback on all purchases (up to $20,000 spent in first year) — up to $300 cashback Equivalent
• Reward rate: 5% back 3% back on travel, dining and drugstore purchases booked through Chase Ultimate Rewards, 1.5% back on everything else. Plus, get 5% off Lyft rides through March 2025
• Annual fee: $0

Like it Why: Chase Freedom Unlimited® offers the allure of high cashback percentages on regular purchases and bonus categories. You don't have to pay an annual fee, but you do get a 1.5% base rate on daily spending, a 5% base rate on Chase-booked trips, and a 3% base rate on restaurant and drugstore purchases. increase. The purchase protection offered by this card is exactly the same as the Chase Freedom Flex.

To save on interest, this card grants new cardholders APR 0% on her 15-month purchases, followed by a variable APR of 18.74% to 27.49% To do.

American Express Blue Cash Preferred Card

• Purchase Coverage: American Express purchase protection for up to 90 days from date of purchase. Maximum charges are limited to $1,000 per qualifying purchase, up to $50,000 per qualifying card per year, and up to $500 per natural disaster event
• Welcome Bonus: $250 statement credit on $3,000 in new card purchases within the first 6 months
• Reward Rate: At US Supermarkets Get 6% back up to $6,000 on your purchases. (1% back then), like some US streaming subscriptions, 3% back on transit, including US gas station purchases, and 1% on other purchases
• Annual fee : $0 introductory annual fee for the first year, $95 thereafter

Why you'll love it: The Blue Cash Preferred® Card offers one of the highest reward rates on groceries of any reward credit card on the market today. Not only can you earn 6% (and 1% thereafter) when you spend up to $6,000 annually in US supermarkets, but the same rate applies to some US streaming subscriptions such as Hulu and Netflix as well as US gas. Earn 3% on Stations and public transport, and all other goods purchased are returned at the standard rate of 1%.

This card has an annual fee of $95. However, if he spends $3,000 on the new card within the first six months, he can also earn a $250 statement credit. However, please note that rewards can only be redeemed for statement credits.

This card also comes with 0% introductory APR on purchases and balance transfers for 12 months, so you can also save on interest. Variable APR from 18.24% to 29.24%.

Ink Business Cash Credit Card

• Purchase Coverage: Up to 120 days from date of purchase, up to $10,000 per claim, $50,000 per account
• Welcome Bonus: With $6,000 , $900 in bonus cash back card within 3 months of account opening
• Reward rate: Annually, of total purchases at office supply stores and internet, cable and phone services 5% cash back on your first $25,000 (1% thereafter). 2% (1% thereafter) on the first $25,000 total gas station and restaurant purchases, 1% on other purchases, and 5% on Lyft rides through March 2025 Yes
• Annual fee: $0

Why we love it: If you're looking for a business credit card that offers purchase protection for business-related purchases, look no further than the Ink Business Cash® credit card. The card offers bonus benefits in a variety of popular categories, including office supply stores, gas, and dining. You'll also get a great initial welcome bonus. The fact that this card is worth up to $10,000 on a single charge is a good thing when it comes to purchase protection. This is because you may need more coverage if you use your card to purchase expensive office supplies or other business supplies.

Ink Business cash is We also grant business owners an introductory APR of 0% for purchases over a 12-month period, followed by a variable APR of 16.99% to 22.99%.

Chase Sapphire Preferred

• Purchase Protection Coverage: Coverage worth up to $500 per claim for 120 days, up to $50,000 per account

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• Welcome Bonus: 60,000 bonus points on $4,000 purchases within the first 3 months of account opening
• Reward Rate: Meals (including eligible delivery services) ), select streaming services, and 3x points on online grocery purchases (excluding Walmart, Target and Wholesale Club). 5x points on travel with Chase Ultimate Rewards and Lyft Rides (his Lyft offer through March 31, 2025). Double Points on any other trip, 1x Points on any other purchase
• Annual fee: $95

Why we love it: The Chase Sapphire Preferred® is the perfect purchase protection option for those who love to travel. The card offers bonus points in many popular categories, which can be earned through the flexible Chase Ultimate Rewards program. This means that not only can you use your rewards for gift cards, merchandise, or statement credit, but you can also travel through Chase (with a 25% bonus on your value) or give Chase's airline and hotel partners his 1-for-1 It means that you can transfer points with

Chase Sapphire Preferred also offers strong purchase protection, extended warranties, trip cancellation and interruption insurance, prime car rental coverage, trip delay insurance, baggage delay coverage and more.

Conclusion

If you plan to make a big purchase and want peace of mind in case something goes wrong, sign up for one of the best purchase protection credit cards It makes a lot of sense to do. In addition to earning rewards on your purchases, you may be eligible for a refund or replacement if your item is damaged or stolen while your coverage is active.

But the best part of credit card purchase protection comes free as a cardholder benefit. You can receive compensation without paying money, so please take advantage of it.