No. First Access Card does not offer extended warranty protection. First Access Card does have other benefits, though, including monthly reporting to the credit bureaus, no penalty APR, and zero fraud liability.
If you’re set on finding a card with good extended warranty coverage, consider checking out the Bank of America® Premium Rewards® credit card or the Chase Freedom Unlimited® instead.
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.
The First Access Card credit limit is $300 or more. Everyone who gets approved for First Access Card is guaranteed a credit limit of at least $300, and particularly creditworthy applicants could get limits a lot higher than that. The higher an applicant’s credit score and income are, the higher the starting credit limit is likely to be.… read full answer
The First Access Card credit limit that you start with isn’t necessarily your credit line forever. You can ask to get a credit limit increase by calling the customer service number on the back of your card, but it’s best not to do that more than once a year. First Access Card will also evaluate your account periodically to determine whether you are eligible for a credit limit increase. Paying on time and keeping your credit utilization low are key for getting unsolicited credit line increases with First Access Card.
The First Access VISA® Credit Card is available to people with bad credit. That means people with credit scores below 640 may have a shot at getting approved for the First Access VISA® Credit Card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the First Access Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the First Access Card credit score requirement. You can check your credit score for free on WalletHub.
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