No. Amex Cash Magnet Card does not offer extended warranty protection. Amex Cash Magnet Card does have other benefits, though, including purchase protection, rental car insurance, and zero fraud liability.
If you’re set on finding a card with good extended warranty coverage, consider checking out the Capital One Quicksilver Cash Rewards Credit Card or the Blue Cash Preferred® Card from American Express instead.
Yes, American Express does offer extended warranty protection on most of its credit cards. With American Express extended warranty coverage, the original manufacturer’s warranty will last up to 1 extra year when a covered item is purchased with an eligible American Express credit card. American Express extended warranty coverage applies to warranties of 5 years or less.… read full answer
The maximum coverage amount per item under the American Express extended warranty policy is $10,000. The maximum coverage amount per year under this policy is $50,000.
Popular American Express Credit Cards with an Extended Warranty
Keep in mind that not all American Express cards offer the extended warranty benefit. To view all the eligible cards, visit the Amex extended warranty web page. You can access extended warranty policies for individual credit cards and access information on covered items, exclusions, and how to claim. Alternatively, you can call American Express customer service at (800) 528-4800 and ask about these details before you apply for the card.
Yes, American Express does have return protection. American Express return protection reimburses cardholders for undamaged, working items purchased with an eligible American Express card that cannot be returned to the merchant within 90 days of purchase. The American Express return protection coverage limit is $300 per claim and $1,000 per year.… read full answer
To file an American Express return protection claim, use the online claims center or call 1-800-228-6855 within 90 days of the date of purchase. You will then need to submit a claim form and provide any requested supplemental proof within 30 days of starting the claims process.
Keep in mind that not all items will qualify for American Express return protection coverage. As is the case with all card benefits, there is a list of exceptions, so it's important to read the benefits guide that came with your card to find out if an item qualifies.
The American Express Cash Magnet purchase protection benefit reimburses cardholders up to $1,000 per item and $50,000 per card for items purchased with the card that are damaged or stolen within 90 days. The coverage is only $500 per item for damages due to natural disasters.
Some purchased items do not qualify for Amex Cash Magnet purchase protection coverage. Those include animals or living plants, one-of-a-kind items, perishables, gift cards, motorized vehicles, downloaded services and more. Certain situations are also not covered, such as acts of war, confiscation by government authorities or the misplacing of an item. Be sure to read your benefits guide for the full details.… read full answer
To file an American Express Cash Magnet purchase protection claim, call 1-800-322-1277 within 30 days of the incident. The cardholder has until 60 days after the incident to submit proof of the loss, such as the original store receipt and damage estimates.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.