Why is it that your expensive smartphone or fancy watch breaks the very day after the manufacturer's warranty expires? Maybe you're afraid of this happening to you, so you purchase a pricey extended warranty to give you peace of mind. But, is it really worth spending huge amounts on an extended warranty when access to a free extended warranty is sitting in your wallet? I'm going to let you in on something: Select Visa cards, MasterCard cards and majority of American Express cards offer warranty protection for items purchased with their credit cards - and it's free!

Retailers generally try to make you buy expensive extended warranties and service contracts. In most cases, these extended warranties have severe coverage restrictions and they're not cheap. They can cost from 10-50% of the original price of the product you purchased. Generally if you buy an extended warranty for under 20% of the cost of your purchase, it is considered a good deal. Let's say that you buy a plasma TV that costs $1,300, and you purchase an extended warranty which "only" costs 20% of the price you paid for the TV (which would be a considered a good deal). You would have to pay $260 - a hefty sum! In the future, try skipping that extra cost on your valuable purchases by simply paying with the right credit card. Here are our best rated credit cards with free extended warranty:

What do credit card's extended warranties cover and which cards have the best deals? This varies by payment network, and each network has their own policy. Visa and MasterCard have one point in common: They both double the manufacturer's warranty or service contract, up to 12 months. That gives you one full year of free extended warranty on your purchases. While American Express also extends your warranties by up to a year, the payment network is far more generous as it extends this benefit to most of its credit cards. I've compared each of the credit card extended warranties by payment network to give you a clear idea of their policies and find out which one has the best deal.

American Express: The Extended Warranty benefit from American Express is made available to most American Express cardholders, since most of their cards offer this perk. With Extended Warranty, the term of your warranty can be matched for up to 1 extra year when you use your eligible American Express credit card to pay for eligible purchases that come with an original U.S. manufacturer's warranty of 5 years or less. This is a pretty generous gesture by American Express since Visa honors extended warranty for purchases that come with warranties of up to 3 years while MasterCard honors extended warranty for purchases that come with warranties of at most 1 year.

The American Express Extended Warranty program comes with coverage that is limited to the actual amount charged on your Card for up to $10,000 per item, $50,000 per calendar year. American Express will match the length of the original warranty if your original manufacturer's warranty is less than 1 year, and provide 1 extra year of coverage if the original manufacturer's warranty is between 1 year and 5 years.

This benefit excludes the following purchases though the list is non-exhaustive: animals, plants, consumables or perishables, items with physical damage, damage as a result of natural disaster, software, business fixtures, items purchased for use as inventory, resale, professional, or commercial use, motorized devices and vehicles and their parts.

Important note: this is only a portion of the list of items which are not covered, so make sure to read the fine print of your credit card's extended warranty to check the full description of coverage. Other important exclusions apply.

To file a claim, you must contact American Express and provide American Express with your Notice of Claim and Proof of Loss within 30 days of the Loss. You may contact the American Express by calling toll-free stateside 1-800-225-3750. To make sure your claim goes through smoothly, you are expected to cooperate with American Express fully and provide documentation as requested by the company so that they can process your claim.

Credit CardFeaturesIntro APRRegular APRAnnual FeeWhy we like itWe least likeCredit RequiredRelated links
Blue Cash Preferred<sup>®</sup> Card from American Express

Blue Cash Preferred® Card from American Express

APPLY NOWAt American Express' secure website
  • Earn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). 1% Cash Back on other purchases.
  • Don't wait for your Card in the mail. Start earning cash back before your card even arrives, if eligible for Instant Card Number.
  • Low intro APR: 0% for 12 months on purchases and balance transfers from the date of account opening, then a variable rate, currently 12.99% to 23.99%
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • $95 annual fee.
  • Terms Apply.
  • See Rates & Fees
APPLY NOWAt American Express' secure website

0% intro APR on purchases and balance transfers for 12 months

12.99%-23.99% Variable

$95

Excellent, Good
Blue Cash Everyday<sup>®</sup> Card from American Express

Blue Cash Everyday® Card from American Express

APPLY NOWAt American Express' secure website
  • Earn a $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers from the date of account opening, then a variable rate, currently 12.99% to 23.99%.
  • Don't wait for your Card in the mail. Start earning cash back before your card even arrives, if eligible for Instant Card Number.
  • Cash back is received in the form of Reward Dollars that can be redeemed for statement credits.
  • No annual fee.
  • Terms Apply.
  • See Rates & Fees
APPLY NOWAt American Express' secure website

0% intro APR on purchases and balance transfers for 15 months

12.99%-23.99% Variable

$0

Excellent, Good
The Platinum Card<sup>®</sup> from American Express

The Platinum Card® from American Express

APPLY NOWAt American Express' secure website
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
APPLY NOWAt American Express' secure website

N/A

N/A

$550

Why we like it
  • Rewards program.
  • Platinum benefits.
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
We least like
  • Annual fee.
Excellent/Good
Hilton Honors American Express Surpass<sup>®</sup> Card

Hilton Honors American Express Surpass® Card

APPLY NOWAt American Express' secure website
  • Earn 125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Surpass® Card after you use your new Card to make $2,000 in eligible purchases within the first 3 months of Card Membership.
  • Earn a Weekend Night Reward from Hilton Honors after you spend $15,000 on purchases on your Card in a calendar year.
  • Earn 12X Hilton Honors Bonus Points for each dollar of eligible purchases charged on your Card directly with a hotel or resort within the Hilton Portfolio.
  • Earn 6X Hilton Honors Bonus Points for each dollar of eligible purchases on your Card at U.S. restaurants, U.S. supermarkets, and U.S. gas stations.
  • Earn 3X Hilton Honors Bonus Points for all other eligible purchases on your Card.
  • Spend $40,000 on eligible purchases on your Card in a calendar year and you can earn Hilton Honors Diamond status through the end of the next calendar year.
  • $95 annual fee.
  • Terms Apply.
  • See Rates & Fees
APPLY NOWAt American Express' secure website

15.74%-24.74% Variable

$95

Good, Excellent
Offer ends 4/1/2020
Delta SkyMiles<sup>®</sup> Blue American Express Card

Delta SkyMiles® Blue American Express Card

Offer ends 4/1/2020
APPLY NOWAt American Express' secure website
  • Earn 15,000 bonus miles after you spend $1,000 in purchases on your new Card in your first 3 months. Offer Expires 4/1/2020.
  • No Annual Fee.
  • New! Earn 2X Miles per dollar at restaurants, now worldwide.
  • Earn 2X Miles per dollar spent on Delta purchases.
  • Earn 1X Mile on all other eligible purchases.
  • New! No Foreign Transaction Fees.
  • Receive a 20% savings in the form of a statement credit after you use your Card on eligible Delta in-flight purchases of food, beverages, and audio headsets.
  • Terms Apply.
  • See Rates & Fees
APPLY NOWAt American Express' secure website

N/A

15.74%-24.74% Variable

$0

Excellent Credit

VISA: the Visa Warranty Manager Service covers replacement and repairs up to $10,000 for Visa Signature & Visa Infinite cardholders, although whether or not you get to enjoy the Warranty Manager Service depends on the credit card you are holding. Visa's Warranty Manager Service will extend the life of your existing U.S. manufacturer's warranty of 3 years or less. For warranties of less than a year, the term of your warranty will be doubled; for warranties between 1 and 3 years, the term of your warranty will be extended for one extra year.

You can have a maximum benefit of $50,000 per cardholder though each claim has a maximum cap of $10,000. This benefit is restricted to no more than the original price of your purchased item. It doesn't cover normal wear and tear or items lost during delivery. It also fails to cover theft or damage from baggage handlers and losses due to natural disasters. It excludes the following products: used items, items purchased for resale, medical equipment, real estate or permanently installed items, cars, boats, consumables, software, antiques, perishables, pets, and plants.

Important note: this is only a portion of the list of items which are not covered, so make sure to read the fine print of your credit card's extended warranty to check the full description of coverage.

To file a claim, you must contact Visa within 90 days and have the following documents ready: Your Visa Signature/ Visa Infinite credit card receipt, store receipt, manufacturer's warranty (and any other applicable warranty), item's serial number and description, and a repair order. This extended warranty is free of cost for Visa Signature and Visa Infinite card members with the eligible credit cards.

Credit CardFeaturesIntro APRRegular APRAnnual FeeWhy we like itWe least likeCredit RequiredRelated links
Chase Sapphire Preferred<sup>®</sup> Card

Chase Sapphire Preferred® Card

APPLY NOWAt Chase's secure website
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.
APPLY NOWAt Chase's secure website

N/A

17.49% - 24.49% Variable

$95

Why we like it
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
Excellent/Good

MasterCard: the MasterCard extended warranty program doubles the original munufacturer's or store brand warranty for up to one year when you pay with an eligible MasterCard that comes with an original manufacturer's (or U.S. store brand) warranty of twelve months or less. It covers repairs or replacement up to $10,000. It does not cover normal wear and tear, shipping costs, losses due to natural disasters, mold damage, damage from power surges and failures covered by product recalls. It excludes the following products: collectibles, refurbished or used items, perishables and consumables, pets, plants, software, cars and boats, data storage media, permanently installed items, real estate, motorized vehicles, direct or indirect loss resulting from natural disasters the likes of floods, hurricanes, earthquakes, lightning and more.

To file a claim, you must contact MC asset within 60 days. You have to submit a signed claim form along with your credit card receipt and statement itemized purchase receipt, the manufacturer's warranty and an itemized repair estimate. This extended warranty is complimentary when using your MasterCard to make a purchase.

Important note: to see the full description of coverage, make sure to read the fine print of your credit card's extended warranty program.

Take a look at our best rated credit cards with the hottest features to discover which card suits your lifestyle needs.