When the warranty runs out it takes your luck with you. Sometimes buying things on your credit card turns out to be a lot more useful than you would have thought. When the manufacturer’s warranty no longer covers it, your credit card’s extended warranty is your next go to place.
Some credit cards offer an extended warranty program on certain purchases. So if you have something lying around the house that you don’t want to pay to get fixed maybe your credit card will cover it. Let’s find out how this can be done.
How to Avail the Extended Warranty
The first thing you have to ensure is that the purchase was made with a credit card that offered extended warranty as a benefit. We’ve looked into it for you and found that American Express offers extended warranty on all its cards and MasterCard offers it on Gold, Platinum and World cards. But before you swipe it, read the fine print to make sure the product you’re about to purchase will be covered under the extended warranty program. Always keep all of your documents safe.
In order to file the claim with your credit card company, you will have to make a phone call or email them. After you’ve done this, you will be asked by a customer service representative to mail, fax or send scanned copies of certain documents. Once you’ve done this, the credit card company will begin to process your claim.
What You’ll Need
The only thing you have to be careful about is keeping all of your documents safe. Even if your broken product was under warranty the manufacturer would require you to provide some documents for them to be able to give you a refund. Similarly, credit card companies offering extended warranty services might require you to provide some (or all) of the following documents.
- The original receipt of your purchase
- A copy of the original manufacturer’s warranty card
- A quote from the manufacturer on the estimated cost or repair / replacement
How Long Will It Take
It usually takes one to two weeks to process claims. When the claim you filed is approved by the credit card company you will be notified and sent a check or instant credit on your credit card for you to be able to pay for having the product repaired or replaced.
How Much Will You Save
The credit card company sends you enough money or credit on your credit card to cover the cost of repairmen or replacement, whichever the case may be. Depending upon the item you’ve filed a claim against, you could save several hundreds of dollars on a single item. Extended warranty doesn’t cost as much as it saves you. Those of you who have always avoided going for it might want to give it a second thought.