Yes, the Bank of America Cash Rewards credit card does offer extended warranty protection. The Bank of America Cash Rewards credit card extended warranty policy will lengthen the original manufacturer’s warranty by up to 1 extra year for warranties of 3 years or less.
Bank of America Cash Rewards credit card extended warranty protection does not cover motorized vehicles, live animals, live plants, or used items, among other things. For more details on this perk’s terms and conditions, refer to the guide to benefits that came with your Bank of America Cash Rewards credit card or ask Bank of America customer service.
In addition to extended warranty coverage, the Bank of America Cash Rewards credit card offers 1 - 3% cash back on purchases and a 0% intro purchase APR for 15 billing cycles. It also has an annual fee of $0. All in all, the Bank of America Cash Rewards credit card is a good credit card for people who want good rewards for everyday spending.
Bank of America® Customized Cash Rewards credit card
Nearly all Mastercard, Visa and American Express credit cards provide the extended warranty benefit. Discover is the only major card network that does not have an extended warranty program, after discontinuing it in February 2018. That doesn’t necessarily mean all Mastercard, Visa, and Amex credit cards have extended warranty benefits, though. A credit card’s benefits are up to the card issuer.… read full answer
Among major credit card issuers, Citi is the only one that has removed extended warranty benefits from nearly all its cards. As of May 8, 2019, extended warranties are no longer available on Citi credit cards except for the Costco Anywhere Visa Credit Card. Another major issuer, Wells Fargo, offers an extended warranty on some but not all of its cards.
Here’s how extended warranty works:
A credit card extended warranty will add at least 1 extra year to an existing U.S. manufacturer’s warranty. It covers eligible items purchased with the card. Extended warranties provide up to $10,000 in coverage per item. In most cases, there’s a $50,000 limit per account. Some of the best extended warranty policies do not set a maximum dollar amount per account.
Not all items qualify for the benefit. Non-covered items vary depending on the card. Most programs will not cover motorized vehicles, computer software, used items and medical equipment.
Here’s how to file a claim:
To file a credit card extended warranty claim, you’ll have to contact the card’s benefit administrator. You will typically need to do so within 90 days of an item breaking, depending on the card. You will then need to file a claim form along with any relevant supporting documentation, such as your credit card statement, store receipt and original warranty. You may also have to send a copy of a repair order, if applicable. Networks and issuers have varying deadlines for submitting the claim form and other documents. Refer to your card’s benefits guide for specifics.
If your credit card originally came with an extended warranty benefit, it may be worth checking with your card issuer to see if the benefit still applies. Citi isn’t the only card issuer to slash extended warranty benefits in recent years. For instance, American Express used to have one of the best credit card extended warranty programs on the market. However, Amex cut its former 2-year extended warranty down to 1 year in 2020, and removed the benefit completely from several no-annual-fee credit cards.
Bank of America Cash Rewards credit card purchase protection covers the damage or theft of eligible purchases for up to 90 days after the purchase date. Purchase protection will reimburse Bank of America Cash Rewards credit card cardholders for up to $500 and up to $50,000 per year.
How to File a Purchase Protection Claim with the Bank of America Cash Rewards credit card… read full answer
Call the Benefit Administrator within 60 days of the incident at the number on the back of your card 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 90 days of the incident.
Wait for a decision. Bank of America will notify you of a decision once your claim has been processed. This could take Bank of America up to 15 days.
Get reimbursed for the cost of repairing or replacing the item, if your claim is validated by the Benefit Administrator.
Be aware that not all items are covered by the Bank of America Cash Rewards credit card purchase protection benefit. To see which items are covered by this perk, check the guide to benefits that came with your credit card.
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