The American Express Blue Business Cash™ Card no longer offers price protection. American Express discontinued the price protection benefit, which provided coverage up to $250 per item and $1,000 per year, for the Amex Blue Business Cash card in 2002. Prior to that, if a cardholder purchased an eligible item with the Amex Blue Business Cash card and any retailer reduced the price of the item within the next 30 days, American Express would have refunded the difference between the purchase price and the sale price.
The Amex Blue Business Cash card’s lack of price protection is not uncommon these days, as more and more cards have dropped the benefit. Recent advances in price-tracking technology have led to a dramatic increase in price protection claims, making the benefit too expensive for issuers to sustain.
American Express no longer offers price protection on any of its cards. American Express discontinued the price protection benefit, which provided coverage up to $250 per item and $1,000 annually, in 2002. Prior to that, if a cardholder purchased an item with an eligible American Express card and any retailer advertised a lower price for the item within the next 30 days, American Express would have refunded the difference between the purchase price and the sale price.… read full answer
American Express’ lack of a price protection benefit is not uncommon these days, as more and more issuers have dropped the benefit from all of their credit cards. Recent advances in price-tracking technology have led to a dramatic increase in price protection claims, making the benefit too expensive for issuers to sustain.
American Express purchase protection covers the damage or theft of eligible purchases for up to 90 days after the purchase date. Purchase protection will reimburse eligible American Express cardholders up to $1,000 to $10,000 per item and up to $50,000 per cardholder. Be aware that not all types of purchases are covered under American Express purchase protection.… read full answer
How to File a Purchase Protection Claim with American Express
Call the Benefit Administrator within 30 days of the incident at 1-800-228-6855 or the number in your card’s benefits guide.
File a police report within 48 hours of the incident, if the item was stolen.
Submit a completed claim form within 60 days after you receive the form.
Wait for a decision. American Express will notify you of a decision once your claim has been processed, which could take up to 30 days.
Get reimbursed for the cost of repairing or replacing the item, if your claim is validated by the Benefit Administrator.
Purchase protection does not come on every American Express credit card, and American Express coverage amounts for each card aren’t always the same either. For specific details on your American Express credit card’s purchase protection, read through the guide to benefits that came with your card.
Yes, American Express has five types of travel insurance available on most Amex credit cards; travel accident insurance, baggage insurance, rental car insurance, trip delay insurance and trip cancellation/interruption insurance. To be eligible for coverage, cardholders must either pay their entire travel fare with an Amex credit card or pay at least part of it with Amex rewards.… read full answer
Travel accident insurance reimburses you when a travel provider causes a death or serious injury. All currently available Amex cards have it. The coverage amounts vary by card. But they can be as high as $500,000.
Baggage insurance pays you back for baggage that a travel provider damages or loses. You can get it on most Amex card offers. The coverage can be as high as $3,000 per person per trip.
Rental car insurance pays for damage to and theft of rental cars. Most Amex cards have it. And the coverage can reach $75,000 per vehicle.
Trip delay insurance covers round-trip flights; if your trip is delayed by more than six hours due to a covered reason. Several Amex cards have it and this benefit will reimburse unexpected expenses — such as meals and personal use items — up to $500 per trip.
Trip cancellation/interruption insurance reimburses you for non-refundable travel expenses, you’re your flight is canceled for a “covered reason” (including inclement weather, sudden illness or injury). Several Amex credit cards have it. It gives you up to $10,000 per trip, with a maximum of up to $20,000 per year.
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