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$50,000 of Purchase Protection per Year With Premier Rewards Gold AMEX

$50,000 of Purchase Protection per Year With Premier Rewards Gold AMEX

Million Mile Secrets$50,000 of Purchase Protection per Year With Premier Rewards Gold AMEXMillion Mile Secrets Team

Lots of folks are enjoying the new expensive gadgets and appliances they bought over the holidays!  Did you know that you’re covered up to $10,000 per covered occurrence, up to $50,000 per calendar year when you use your Premier Rewards Gold Card from American Express?

50,000 Of Purchase Protection Per Year With Premier Rewards Gold AMEX
Protect Your Large Purchases! Coverage on the AMEX Premier Rewards Gold Card Is up to $10,000 per Occurrence

I’ll explain how it works!

About the Premier Rewards Gold Card from American Express

Link:    Premier Rewards Gold Card from American Express

When you sign-up for the Premier Rewards Gold Card from American Express, you’ll earn 25,000 Membership Rewards points after spending $2,000 on purchases within 1st 3 months of account opening.

You can use AMEX Membership Rewards points for Big Travel with airline and hotel transfer partners, gift cards, and statement credits.

You’ll also earn: 3X AMEX Membership Rewards points per $1 you spend on airfare purchased directly from airlines, 2X AMEX Membership Rewards points per $1 you spend at US gas stations, US supermarkets, and US restaurants, and 1X points per $1 on everything else. This card has no foreign transaction fees and has an annual fee of $195 which is waived for the first year. Terms Apply.

For folks who spend a lot on airfare or at US gas stations, US restaurants, and US supermarkets, the Premier Rewards Gold Card from American Express is a very good deal!

What’s Purchase Protection?

Link:   Premier Rewards Gold Card from American Express Purchase Protection Details

The Premier Rewards Gold Card from American Express also comes packed with benefits like:

  • Purchase protection
  • Return protection
  • Extended warranty
  • Baggage insurance when you travel
  • And many more!
50,000 Of Purchase Protection Per Year With Premier Rewards Gold AMEX
If Your New Computer Is Damaged Within 90 Days of Purchase, Call AMEX to File a Claim!

The purchase protection is $10,000 per occurrence, and up to $50,000 per calendar year.  This is fantastic for folks who need to make big purchases, like:

  • Computers
  • Digital cameras
  • Electronics
  • Furniture
  • Ovens
  • Refrigerators
  • Washers and dryers

Coverage starts on the day you purchase an item, and lasts for 90 days.

50,000 Of Purchase Protection Per Year With Premier Rewards Gold AMEX
You Must Report an Incident Within 30 Days to Get Purchase Protection Coverage

If something happens to the item, call the number on the back of your card to start a claim with AMEX within 30 days of the incident.  You’re protected against:

  • Accidents
  • Damage
  • Theft
  • Vandalism

With a limit of $10,000 per occurrence, and $50,000 per calendar year, this is a very generous benefit!

What’s Not Covered?

Some items are NOT covered, including:

  • Cash equivalents
  • Animals or living plants
  • Rare stamps or coins
  • Perishable items with limited life spans, like perfume, light bulbs, or batteries
  • Antiques
  • Motorized vehicles
  • Items purchased for resale, professional, or commercial use
  • Things that get lots of use, like carpeting, flooring, or tile
  • Business (not personal) fixtures like air conditioners, refrigerators, or heaters
50,000 Of Purchase Protection Per Year With Premier Rewards Gold AMEX
Lost or Misplaced Items Are NOT Covered, According to the Terms and Conditions

And, it’s important to note that lost or misplaced items are NOT covered.  So be sure to keep an eye on your belongings!

It’s a good idea to read through the terms and conditions if you have a big purchase coming up!

Other Perks You’ll Get!

American Express cardholders, including folks with the Premier Rewards Gold Card from American Express, can save money and get some great deals!

50,000 Of Purchase Protection Per Year With Premier Rewards Gold AMEX
Save Money on Shopping With AMEX Offers & ShopRunner

You’ll qualify for:

  • AMEX Offers –  Having another AMEX card means you could be targeted for more AMEX Offers.  Remember, you can get the same offer on multiple cards!
  • ShopRunner – AMEX cardholders get complimentary membership in ShopRunner.  You’ll save money with free shipping from dozens of online merchants.

Bottom Line

When you make a purchase with your Premier Rewards Gold Card from American Express, you’ll be covered up to $10,000 for protection against accidents, damage, theft, and vandalism.

This is fantastic for folks who have large purchases coming up, like appliances, electronics, or new furniture.  Be sure to read over the purchase protection details so you know exactly what’s covered before you start shopping.

AMEX cards come with lots of benefits and discounts like AMEX Offers and ShopRunner membership.

Let me know if you’ve had an experience with AMEX purchase protection!

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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Slightly off topic but similar I had a great experience with Amex when I had a single car accident in a rental car. I called them and they took care of the claim from that point on with minimal involvement on my part. And they never asked about my car insurance.

@Nina - That's wonderful!

Glad you were able to easily and quickly get a statement credit!

Thank you for sharing your experience!

I have the Amex regular gold card. I lost my iphone in Barcelona 2 weeks ago. I called Amex... we did the claim over the phone in 15 minutes. They needed serial number and date of purchase. I believe they asked if I had any other insurance, which I did not. I had a credit on my account within 7 days.

@Karthik @Kody @StevesMiles - I spoke to a representative from AMEX who said each claim is reviewed by underwriting, and any decision on whether or not to honor a claim is ultimately up to them. However, you do have a responsibility to "reasonably safeguard" your items before you file a claim and report them as a loss.

The wording in the terms and conditions gives them wiggle room to make a decision, and it's always case-by-case.

That said, be sure to review the terms and conditions so you know what to expect before you file a claim:

Hope that helps clear things up for you!

@CCAnalyst - Thanks for your input here!

TIME RESTRICTION: READ THE COVERAGE CAREFULLY: I believe it only applies for the first ninety days (or 120 days) after purchase.

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