Does BankAmericard offer an extended warranty?

The Bank of America credit card extended warranty benefit doubles the existing U.S. manufacturer’s warranty on eligible items. Keep in mind that the purchase must be made with a Bank of America credit card or its rewards in order to qualify. The maximum coverage amount is $10,000 per claim for both Visa and Mastercard credit cards.... read full answer

Here’s how the Bank of America credit card extended warranty works:

• Overview: The extended warranty policy will double the manufacturer’s warranty. However, the length of the extended warranty period varies by card network. Bank of America Mastercard credit cards will add up to 24 extra months when doubling an existing manufacturer’s warranty, while Visa cards only add a maximum of 12 months.
• How much is covered: The extended warranty coverage will pay for repairs or replacements of eligible items for no more than the original purchase price. The maximum payout is $10,000 per claim.
• What is covered: The policy will cover purchases made with your Bank of America credit card that come with a manufacturer’s warranty.
• What is not covered: Certain types of purchases are excluded with both Visa and Mastercard credit cards, including motorized vehicles, real estate, software, and used items.

If your Bank of America credit card has extended warranty coverage, all of the details, as well as instructions on how to file a claim, will be included in the benefits guide provided after account approval. You can also call customer service at (800) 592-4089 with any questions.

Nearly all Mastercard, Visa and American Express credit cards provide an extended warranty benefit. However, a credit card’s benefits are up to the card issuer. For example, Citi has removed extended warranty benefits from nearly all its cards. Another major issuer, Wells Fargo, axed the benefit from all its cards, altogether.... read full answer

Best Credit Cards with Extended Warranty

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.

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.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

Bank of America purchase protection covers the damage or theft of new retail purchases made with an eligible Bank of America credit card. You are covered for 90 days after the purchase of an eligible item. The benefit will pay to repair or replace the item or reimburse the cardholder. You will be covered for up to the total purchase price or $10,000, whichever is less.... read full answer

Currently, the only Bank of America credit card with purchase protection is the Bank of America® Premium Rewards® credit card.

Here’s how to file a Bank of America purchase protection claim:

To make a Bank of America purchase protection claim, call (888) 221-3289 or visit the Card Benefit Services website within 60 days of the theft or damaging incident. To file a claim for stolen items, you must file a police report within 48 hours of becoming aware of the theft.

You can find a breakdown of Bank of America’s purchase protection rules on the Visa benefits website or in the benefits guide that came with your card. Note that some purchases aren’t eligible for Bank of America purchase protection coverage. These include plants, animals, antiques, motor vehicles (including boats), trailers, software, used items, and more.