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UPDATE: Amex has updated its Purchase Protection and Extended Warranty policies (again). Here's our post on the most recent changes.
The new policies will kick-in from 01/01/2020:
- Purchase Protection – cover will be reduced from 120 days to 90 days
- Extended Warranty – If the original manufacturer’s warranty is less than 1 year, Amex will match the length of the warranty. If the original manufacturer’s warranty is between 1 and 5 years, Amex will boost your cover with an additional 1 years of warranty
American Express has announced changes to its Purchase Protection and the Extended Warranty benefits that card members enjoy. Unlike a lot of recent changes in credit card benefits, this time around they are positive.
Amex has extended the period you can benefit from Purchase Protection from 90 to 120 days. Unfortunately, if you are a resident of New York, Indiana, Guam, Puerto Rico, or Northern Mariana Islands, your cover remains at 90 days. You can check to see if your terms and conditions have been updated for your specific card.
The Extended Warranty cover has been improved but will depend on the length of the manufacturer’s warranty.
- If the original manufacturer’s warranty is less than 2 years, Amex will match the length of the warranty
- If the original manufacturer’s warranty is between 2 and 5 years, Amex will boost your cover with an additional 2 years of warranty
It is excellent news to see a positive change come through, for a change. Maybe Amex read our guides to the best credit cards for Purchase Protection, and to the best cards for Extended Warranty, and decided they needed to keep up with their main rivals, Chase and Citi. Either way, this is a good move that gives Amex a little boost!
Source: Points Miles and Martinis
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