credit cards

Credit cards that offer purchase protection

Purchase protection
Next
Slide 3 of 6
Previous
Purchase protection

MasterCard covers most items you buy with your eligible card if it is damaged or stolen 90 days after it was purchased, says Schenck.

Visa also has a 90-day policy with its damage and theft protection. The credit card company will replace, repair or reimburse cardholders for eligible purchases bought entirely by Visa Signature cards. The maximum is $500 per claim and $50,000 per cardholder.

Capital One Venture and Capital VentureOne cards both offer damage and theft purchase protection as they are both categorized as Visa Signature cards, according to Capital One spokeswoman Sukhi Sahni.

And Chase Sapphire offers to replace, repair or reimburse cardholders for qualified items within 90 days of purchase.

Items bought by any American Express card can be reimbursed if accidentally damaged or stolen up to 90 days after the purchase date. The benefit includes purchases made outside the U.S.

Read the fine print, though. There's often a laundry list of items excluded from coverage. For example, the purchase protection offered on Capital One's Visa Signature cards doesn't cover boats, aircraft, cars or other motorized vehicles or equipment.

Discover doesn't offer purchase protection on its credit cards.


Next
Slide 3 of 6
Previous

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.71%  0.02 15.69%
Cash Back Cards 16.41%  0.01 16.40%
Low Interest Cards 10.86% --0.00 10.86%
 
Search
advertisement
CARDS WEEKLY NEWSLETTER
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.

advertisement

Credit Card Blog

Jeanine Skowronski

CFPB: Lender distorted credit reports

The Consumer Financial Protection Bureau has an eye on credit reporting issues. The agency took enforcement action against auto financer First Investors Financial Services Group Inc. Wednesday for distorting consumer credit records for years. Per the CFPB, First Investors, which lends primarily to subprime borrowers, failed to fix known flaws in a computer system that  ... Read more

Partner Center
advertisement

Connect with us